Plus500 Evaluation: our experience with this broker
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to guidelines), Forex and stocks. In this substantial review, we share our experiences with this broker. In our test, Plus500 emerged as an easy to use broker where you can react to the most recent market developments at low rates. How Safe Is Plus500.
How Safe Is Plus500
- At Plus500 you can speculate on cost advancements at low rates.
- You can trade in an extensive range of CFD shares.
- It is possible to attempt Plus500 free of charge with a demo.
- On Plus500 you can use the easy to use web trader.
- Plus500 uses its services in more than 30 different languages.
- On Plus500 you can begin trading from $100. How Safe Is Plus500.
- Plus500 does not provide advanced software for professional traders.
- You can not find substantial analyses within the platform.
- Plus500 client service is not offered by phone.
- On Plus500 you can just trade in CFDs.
Would you like to attempt the possibilities at Plus500 with a demonstration entirely free of charge and without danger? Use the button listed below to open a demonstration account with this broker:
How Safe Is Plus500
We talk about the following subjects in the Plus500 evaluation:
- Open account: how can you open an account with Plus500?
- Deposit cash: how can you transfer and withdraw money?
- Expenses: how much does trading expense on Plus500?
- Performances: what are the possibilities of the software?
- Trading choices: in what securities you trade on Plus500?
- Support: what assistance do you receive when trading?
- Costumer service: what is the quality of the customer service? (costumer-service).
- Dependability: Is this broker trusted? (reliability).
- Info: more information about Plus500 (details).
- Conclusion: the decision of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you should initially visit the Plus500 site. Click on this link * to open the Plus500 site. To produce a free demonstration account, you just need to choose an email address and a password. It is likewise possible to visit with your Facebook or Google account. After you have left this information, you can instantly start trading. How Safe Is Plus500.
Plus500 accepts clients from the majority of nations. However, there are likewise nationalities that are not admitted to Plus500. Traders from for instance, America, Brazil, Belgium and Syria are not able to open an account at Plus500 at this moment. Opening a demo-account with Plus500 is possible within clicks. In the review, we therefore provide Plus500 a favorable rating for opening an account. How Safe Is Plus500.
Deposit & withdraw cash
When you have actually become familiar with the Plus500 platform, you can switch to a real money account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by using among these techniques:
- Bank transfer.
Before your deposit can be processed, you should confirm your identity. Plus500 must comply with legislation and can only receive verified clients. By confirming brand-new costumers, Plus500 prevents customers from utilizing the account for money laundering.
We’ve gone through the entire process and submitted the needed files. Our account was authorized and released by Plus500 within an hour. After verifying the identity of your account, you don’t need to do it once again. The length of this process depends on your individual circumstance and can be various for each costumer.
You can withdraw the cash into your account at any time. You can do this by transferring the money to your checking account or PayPal account. The transfer is made quickly and the cash will remain in your account within a few days. How Safe Is Plus500.
On Plus500 there are no extra costs for transferring and withdrawing cash. This is a big benefit of the broker Plus500: many other brokers charge a little cost for withdrawing money. Traders can make the most of approximately 5 totally free withdrawals a month, after which a cost will be sustained.
How Safe Is Plus500
Review of the expenses of Plus500
When you begin trading with Plus500, you certainly do not want a big part of your money to be lost to high transaction expenses. In this part of the evaluation, we take a detailed take a look at the charges of trading with Plus500. Listed below we briefly examine which costs Plus500 passes on to its consumers.
With Plus500 you pay a spread over every transaction. The spread is the distinction in between the buy and sell price of a CFD. Plus500 offers two spread systems for its instruments: Dynamic spread which is continuously adjusted according to the market spread out during the duration a position is open vs. a Spread which does not usually alter in line with general market changes while a position is open, however when the marketplace is volatile and illiquid, may alter to a new level so that the underlying market conditions are better reflected. However, Plus500 aims to offer the tightest possible spreads at all times. How Safe Is Plus500.
Forex expenses on Plus500
On Plus500 you can trade in various currency sets. At the time of writing, you are paying 0.6 pips in transaction fees on the pair of EUR/ USD. We compared these costs with those of other suppliers and concluded that these costs are comparable to those of other brokers. (We have actually extracted these data on the 2th of June 14:00.).
Cryptocurrency costs on Plus500
On Plus500 you can also trade in cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade versus relatively advantageously fees in Bitcoin CFDs. At Plus500 you pay a spread of $36 at the time of writing while at eToro you pay more than $50 per agreement. Trading cryptocurrencies is for that reason fairly useful at Plus500. (We have actually extracted these data on the 2th of June 14:00.).
Share costs on Plus500
At Plus500 you can likewise sell shares by using CFDs. As an example: For the CFD share Tesla you presently pay a spread of $ 0.95, which corresponds to 0.12% of the overall worth. Trading CFD Tesla shares is therefore possible at a low cost. (Please note that this is a photo on April 20, 2020 at 13:00.).
Funding costs at Plus500
With Plus500 you have the choice to trade on margin. Since you can trade on margin, you do not need to put in the total of the trading position yourself. You do have to pay a premium for this.
With each security you will see the overnight financing buy and the over night funding sell expenses. Sometimes, you in fact get a premium for short positions. We compared Plus500 with other parties for this review and the funding expenses were reasonably low. Still, it is important to remember that Plus500 is not extremely ideal for long-term trading because of the funding costs you need to pay daily. How Safe Is Plus500.
Other expenses on Plus500
We have actually thoroughly investigated the expenses for this review, and we have actually not found any irritating hidden expenses. However, you should guarantee that you log in to the platform a minimum of as soon as every three months. If you don’t do this, expenses for lack of exercise will be charged. This holds true with many brokers.
Do you have an account with Plus500 and are you not preparing to trade for a while? Then it is smart to withdraw the cash from your account.
You can examine all Charges here:
Plus500 is primarily compensated for its services through the “market spread”. When trading EUR/USD, if the buy rate is 1.12078 then the sell rate would be 1.12072 respectively (which indicates a market spread of 0.6 pips, in this example). Unlike other service providers who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. How Safe Is Plus500.
The following extra costs may be used:
Overnight Funding – The overnight financing amount is either contributed to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”).
The over night financing time and the everyday overnight funding portion can be found in the “Details” link next to the instrument’s name on the primary screen of the platform.
Currency Conversion Charge – Plus500 will charge a Currency Conversion Cost for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Fee will currently depend on 0.7% of the trade’s understood web revenue and loss and reflected in real time into the unrealised net profit and loss of an open position.
Inactivity Cost – A fee of up to USD 10 each month will be imposed, ought to you not visit to your trading represent a duration of a minimum of 3 months. This fee will be charged when a month from that minute onwards, as long as no login is made to the account. The inactivity cost will be equal to the lower of the staying available balance in your account or USD 10 (or comparable depending on your currency). This is to balance out the cost sustained in making the service readily available, despite the fact that it has not been utilized. Please note that the fee is just gathered from the Real Money account and only when there are sufficient offered funds in the account. In order to avoid this cost, merely log into your trading account from time to time, as this is considered enough activity to prevent a charge from being charged.
Surefire Stop Order – if you select this function, please note that as it guarantees that your position (trade) closes at a specific requested rate (rate), the trade is subject to a wider spread.
Conclusion Plus500 fees
The costs Plus500 charges are reasonable and in proportion to the quantity you trade with. This makes it possible to trade with a small amount of money. In our short article about the costs on Plus500, we take a closer take a look at the numerous expenses you pay when you trade with Plus500.
How Safe Is Plus500
Software & possibilities
When you start trading, we understand that you obviously also wish to use an excellent software package. With Plus500 trading is primarily done by means of the online WebTrader. A great advantage of the WebTrader is the availability: you can log in to the platform at any time and from any location to open or close a position.
What stood out in our evaluation was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can quickly discover the CFD in which you want to trade. New customers will for that reason not need to search long for buy & sell buttons on Plus500. How Safe Is Plus500.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is necessary to remember that with Plus500 you always trade in CFDs. With Plus500 you never ever directly sell a share. The only thing that identifies your outcome is the distinction between the price at which you open and close the position.
When you open a position, you have two alternatives. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable result with an increasing cost and when you offer the CFD you get a favorable result with a falling rate. Since you use take advantage of there is a high threat of losing cash rapidly due to leverage.
The choice to speculate on a decreasing price is a major benefit within the Plus500 platform. The alternative to brief sell increases your flexibility and makes it possible to respond to various market situations.
Type of orders
With Plus500 you can immediately open an order. When you press buy or sell you will see the screen listed below:
In the order screen you can get in the quantity you wish to trade with. You also have the choice to immediately open or close the position after a certain rate has actually been reached. This makes it possible to safeguard you trades when you have to go out. How Safe Is Plus500.
It is also possible to place an order with Plus500. You do this by going into a rate at which you automatically open the CFD position. By utilizing orders, you can attain even much better trading outcomes.
Take advantage of
With Plus500 you have the choice to apply a take advantage of. With a lever you can take a larger position with the same quantity of cash. Both your potential revenue and your potential loss boost when you apply utilize. With each security you can right away see what the optimum utilize is that you can use.
The presence of an utilize is a benefit in the review of Plus500. You can always decide to invest with smaller sized amounts if you want to reduce your danger.
On Plus500 you can likewise trade with the mobile application they provide. The mobile application is less comprehensive than the WebTrader. You can carry out less extensive analyses with it. It is helpful to also install the mobile application. With the app you can get cautions when the cost of a security reaches a particular value.
The mobile application is very easy to use and it is excellent to adjust your orders when market conditions alter significantly. The mobile application is therefore a strong point in our evaluation of the Plus500 platform.
How Safe Is Plus500
Trading choices at Plus500
In this part of the review we will discuss the various types of securities you can sell with Plus500.
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you hypothesize on rate changes in currency sets. You can for instance location a trade on the advancement of the euro against the dollar.
On Plus500 you can likewise trade in a substantial variety of CFD shares. The shares are neatly arranged by country, so you can rapidly find a share to trade.
It’s also possible to trade in commodities by using CFDs. The most popular commodity for trading is oil. You can typically apply a maximum leverage of approximately 1:20 to investments in raw materials. When you trade in gold you can use a leverage of 1:20.
On Plus500 you can also sell CFDs on alternatives. Choices typically move highly: an option can in some cases rise or fall in worth by tens of percent. With CFDs you can apply a leverage of approximately 1:20 to alternatives, which even more increases your possible gains or losses.
Indices or ETFs
On Plus500 you can likewise sell CFDs on popular indexes or ETFs. You can for example trade in the Dow Jones or NASDAQ index trackers.
At Plus500 you can likewise trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are really unstable and it can for that reason be interesting to actively speculate on their rate developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to policies”). How Safe Is Plus500.
Conclusion on the trading choices at Plus500
Plus500 has a large range of tradable CFD securities. Even relatively unknown local stocks can frequently be found on the Plus500 platform. This makes Plus500 an attractive broker for investors from all countries. My experience with Plus50 has therefore been very positive.
Support & research study
In this part of the evaluation, we investigate how Plus500 supports traders.
At Plus500 you can perform technical analyses on the graphs. Within the software application you can utilize different drawing options. You can draw horizontal levels to show price levels where the marketplace frequently relocates the opposing instructions.
You can also add technical signs on the chart. The variety of technical indicators at Plus500 is enormous. You can choose from more than 100 various alternatives. It is a good idea to utilize technical indications. By utilizing technical signs, you can perform much better analyses.
The technical analysis options within the Plus500 software application are comprehensive. It is troublesome that you can not conserve numerous graphs. This means that you have to repeat the evaluates frequently. Expert investors would need to download other programs to carry out more complex analyses.
Research and education
In this review we can be quick about the possibilities of research and education: at Plus500 these options are completely missing out on. There are no courses or webinars available at Plus500. This is a drawback for individuals who join Plus500 to learn how to trade better.
It works that you receive a notice within the Plus500 software application when interesting developments happen. When the rate of, for example, oil falls greatly, you will receive an alert of this event. You can then choose for yourself whether you want to take a position on the market development. How Safe Is Plus500.
Within the Plus500 software you can also see how other users sell a security. By taking a look at the positions other traders take, you can see whether there are more buyers or sellers. Other basic data is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our opinion.
Plus500 has a detailed and quick customer support that is offered in more than 30 languages. Your issues can be solved quickly in your language.
It is advised to contact customer support via live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be resolved practically right away.
It is also possible to email Plus500. Mails are often answered within a day. It is a pity that no phone number is offered. This makes it impossible to speak straight to someone. Due to the quick processing time, Plus500 still ratings adequately in regards to customer support. How Safe Is Plus500.
Security & dependability
Before you transfer cash with a business, you naturally want to know that it is totally safe and secure to do so. In this part of the evaluation, we look at how reputable Plus500 is.
Supervisors ensure that brokers comply with the guidelines. Plus500 is supervised by:
- Plus500UK Ltd licensed & controlled by the FCA (# 509909).
- Plus500CY Ltd authorized & managed by the CySEC (# 250/14).
- Plus500SG Pte Ltd, certified by MAS (#CMS 100648-1) and IE Singapore (#PLUS/ CBL/2018).
- Plus500AU Pty Ltd (ACN 153301681), certified by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized financial company in South Africa, FSP # 47546.
Security of your deposits
Depending on your citizenship, you delight in extra protection if Plus500 goes bankrupt. This is done through a so-called investor defense fund. All customer funds are held in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has actually likewise set a number of extra rules to ensure that your money is as secure as possible on Plus500. Below you can find an overview of these measurements:
Plus500 will never speculate with customers’ money. All funds are kept in a different bank account, which suggests that this cash is protected when unexpected things happen with Plus500. And finally, on Plus500 you are protected versus an unfavorable balance, since he Negative balance security is a regulative requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a residual financial obligation. How Safe Is Plus500.
Plus500 is 100% no scam. Plus500 firmly manages customer assets. The business is likewise supervised. Plus500 has been around because 2008 and is even listed on the London stock market. These are all great indications that Plus500 is dependable and we have concerned that conclusion ourselves.
How Safe Is Plus500
About the company
Plus500 was founded in 2008 and has grown strongly since then. Plus500 is active in more than 30 nations and served more than 200,000 active clients in 2019. Plus500 performed over 35 million deals with a value of over $1,000 billion in one year. The headquarters of the business can be found in Israel, however they have actually opened several additional offices in other nations. Do you want to know more about the Plus500 company? In this post you will discover everything you need to know!
Conclusion review Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by utilizing the user-friendly software. On Plus500 you can trade at low rates. You likewise have the chance to respond to changing market conditions by putting orders on both fluctuating rates. How Safe Is Plus500.
Do you want to discover how Plus500 works? Then immediately open a free demo-account by pressing the button listed below: