Plus500 Evaluation: our experience with this broker
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule subject to policies), Forex and stocks. In this extensive review, we share our experiences with this broker. In our test, Plus500 emerged as an user-friendly broker where you can respond to the most recent market advancements at low rates. Plus500 Affiliate Program Review.
Plus500 Affiliate Program Review
- At Plus500 you can hypothesize on rate advancements at low rates.
- You can sell an extensive range of CFD shares.
- It is possible to attempt Plus500 for free with a demo.
- On Plus500 you can use the user-friendly web trader.
- Plus500 offers its services in more than 30 different languages.
- On Plus500 you can start trading from $100. Plus500 Affiliate Program Review.
- Plus500 does not offer sophisticated software application for expert traders.
- You can not find substantial analyses within the platform.
- Plus500 client service is not available by phone.
- On Plus500 you can just trade in CFDs.
Would you like to try the possibilities at Plus500 with a demo totally free of charge and without threat? Use the button below to open a demonstration account with this broker:
Plus500 Affiliate Program Review
We discuss the following topics in the Plus500 evaluation:
- Open account: how can you open an account with Plus500?
- Deposit money: how can you transfer and withdraw cash?
- Expenses: just how much does trading cost on Plus500?
- Functionalities: what are the possibilities of the software?
- Trading options: in what securities you trade on Plus500?
- Assistance: what support do you receive when trading?
- Costumer service: what is the quality of the costumer service? (costumer-service).
- Reliability: Is this broker dependable? (dependability).
- Info: more information about Plus500 (information).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you should initially visit the Plus500 site. Click here * to open the Plus500 site. To develop a free demonstration account, you just need to select an e-mail address and a password. It is also possible to visit with your Facebook or Google account. After you have left this info, you can instantly begin trading. Plus500 Affiliate Program Review.
Plus500 accepts consumers from the majority of nations. There are likewise citizenships that are not admitted to Plus500. Traders from for example, America, Brazil, Belgium and Syria are unable to open an account at Plus500 at this moment. Opening a demo-account with Plus500 is possible within clicks. In the evaluation, we for that reason give Plus500 a favorable score for opening an account. Plus500 Affiliate Program Review.
Deposit & withdraw cash
When you have ended up being knowledgeable about 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 methods:
- Bank transfer.
Prior to your deposit can be processed, you should confirm your identity. Plus500 must adhere to legislation and can only receive verified clients. By confirming new clients, Plus500 prevents clients from using the represent cash laundering.
We’ve gone through the whole 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 do not need to do it once again. The length of this process depends on your individual situation and can be different for each client.
You can withdraw the money into your account at any time. You can do this by transferring the cash to your checking account or PayPal account. The transfer is made quickly and the money will remain in your account within a couple of days. Plus500 Affiliate Program Review.
On Plus500 there are no extra costs for depositing and withdrawing money. This is a huge advantage of the broker Plus500: many other brokers charge a small cost for withdrawing cash. Traders can make the most of approximately 5 totally free withdrawals a month, after which a fee will be incurred.
Plus500 Affiliate Program Review
Review of the expenses of Plus500
When you start trading with Plus500, you obviously do not desire a big part of your money to be lost to high transaction expenses. In this part of the review, we take a detailed look at the costs of trading with Plus500. Below we briefly take a look at which costs Plus500 passes on to its consumers.
With Plus500 you pay a spread over every transaction. The spread is the difference in between the buy and sell cost of a CFD. Plus500 offers two spread mechanisms for its instruments: Dynamic spread which is continuously adjusted according to the market spread during the period a position is open vs. a Spread which does not generally change in line with general market variations while a position is open, however when the marketplace is unpredictable and illiquid, might change to a new level so that the underlying market conditions are better shown. Nevertheless, Plus500 aims to offer the tightest possible spreads at all times. Plus500 Affiliate Program Review.
Forex expenses on Plus500
On Plus500 you can trade in different currency pairs. At the time of writing, you are paying 0.6 pips in deal charges on the pair of EUR/ USD. We compared these costs with those of other providers and concluded that these expenses 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 sell cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against fairly 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 contract. Trading cryptocurrencies is therefore relatively helpful at Plus500. (We have extracted these information 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 currently pay a spread of $ 0.95, which relates to 0.12% of the overall value. Trading CFD Tesla shares is for that reason possible at a low cost. (Please keep in mind that this is a photo on April 20, 2020 at 13:00.).
Funding expenses at Plus500
With Plus500 you have the alternative to trade on margin. Since you can trade on margin, you do not have to put in the total of the trading position yourself. However, you do need to pay a premium for this.
With each security you will see the over night financing buy and the over night financing sell expenses. In many cases, you really get a premium for short positions. We compared Plus500 with other celebrations for this review and the funding costs were reasonably low. Still, it is essential to keep in mind that Plus500 is not extremely ideal for long-term trading because of the funding fees you need to pay daily. Plus500 Affiliate Program Review.
Other expenses on Plus500
We have actually thoroughly examined the expenses for this evaluation, and we have actually not discovered any irritating hidden expenses. However, you need to make sure that you visit to the platform a minimum of when every three months. If you don’t do this, expenses for inactivity will be charged. This is the case with most brokers.
Do you have an account with Plus500 and are you not planning to trade for a while? It is sensible to withdraw the cash from your account.
You can examine all Charges here:
Plus500 is generally 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 implies a market spread of 0.6 pips, in this example). Unlike other company who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Affiliate Program Review.
Nevertheless, the following extra fees might be applied:
Overnight Financing – The over night financing quantity is either contributed to or subtracted from your account when holding a position after a certain time (the “Overnight Financing Time”).
The overnight funding time and the daily over night financing portion can be discovered in the “Details” link beside the instrument’s name on the main screen of the platform.
Currency Conversion Charge – Plus500 will charge a Currency Conversion Charge for all trades on instruments denominated in a currency different to the currency of your account.
The Currency Conversion Cost will currently be up to 0.7% of the trade’s realised web profit and loss and shown in real time into the unrealised net profit and loss of an open position.
Inactivity Fee – A charge of as much as USD 10 each month will be levied, should you not visit to your trading represent a period of at least 3 months. This cost will be charged when a month from that moment onwards, as long as no login is made to the account. The lack of exercise cost will be equal to the lower of the remaining 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 available, despite the fact that it has not been utilized. Please note that the charge is only collected from the Genuine Cash account and just when there are adequate available funds in the account. In order to avoid this cost, just log into your trading account from time to time, as this is considered enough activity to prevent a cost from being charged.
Guaranteed Stop Order – if you pick this feature, please note that as it guarantees that your position (trade) closes at a particular requested rate (cost), the trade undergoes a wider spread.
Conclusion Plus500 costs
The expenses Plus500 charges are reasonable and in proportion to the amount you trade with. This makes it possible to trade with a small amount of money. In our article about the expenses on Plus500, we take a closer look at the numerous costs you pay when you trade with Plus500.
Plus500 Affiliate Program Review
Software & possibilities
When you start trading, we understand that you naturally likewise wish to use a great software package. With Plus500 trading is generally done by means of the online WebTrader. A fantastic benefit of the WebTrader is the ease of access: you can visit to the platform at any time and from any location to open or close a position.
What stood out in our review was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can rapidly find the CFD in which you want to trade. New clients will therefore not have to browse wish for buy & sell buttons on Plus500. Plus500 Affiliate Program Review.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is very important to bear in mind that with Plus500 you constantly trade in CFDs. With Plus500 you never directly trade in a share. The only thing that determines your result is the difference in 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 positive outcome with a rising rate and when you offer the CFD you get a favorable outcome with a falling rate. Since you utilize utilize there is a high risk of losing cash rapidly due to leverage.
The option to hypothesize on a decreasing price is a major advantage within the Plus500 platform. The choice to short sell increases your versatility and makes it possible to respond to various market situations.
Kind of orders
With Plus500 you can immediately open an order. When you push purchase or offer you will see the screen below:
In the order screen you can get in the quantity you wish to trade with. You likewise have the alternative to automatically open or close the position after a specific rate has been reached. This makes it possible to safeguard you trades when you need to go out. Plus500 Affiliate Program Review.
It is likewise possible to place an order with Plus500. You do this by going into a price at which you immediately open the CFD position. By using orders, you can attain even much better trading results.
With Plus500 you have the option to use a leverage. With a lever you can take a bigger position with the same quantity of money. Both your potential profit and your possible loss boost when you apply leverage. With each security you can immediately see what the optimum leverage is that you can use.
The presence of an utilize is an advantage in the review of Plus500. You can always decide to invest with smaller sized amounts if you wish to decrease your risk.
On Plus500 you can also trade with the mobile application they offer. The mobile application is less comprehensive than the WebTrader. You can perform less extensive analyses with it. It is useful to also install the mobile application. With the app you can receive cautions when the rate of a security reaches a particular worth.
The mobile application is extremely user-friendly and it is good to change your orders when market conditions change significantly. The mobile application is for that reason a strength in our review of the Plus500 platform.
Plus500 Affiliate Program Review
Trading options at Plus500
In this part of the evaluation we will go over the different types of securities you can sell with Plus500.
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you hypothesize on rate modifications in currency sets. You can for example place a trade on the advancement of the euro against the dollar.
On Plus500 you can likewise sell a substantial range of CFD shares. The shares are nicely arranged by nation, so you can quickly find a share to trade.
It’s likewise possible to trade in products by utilizing CFDs. The most popular product for trading is oil. You can typically use an optimum leverage of as much as 1:20 to investments in basic materials. When you trade in gold you can apply a leverage of 1:20.
On Plus500 you can also sell CFDs on choices. Options frequently move highly: an alternative can sometimes increase or fall in worth by tens of percent. With CFDs you can apply a leverage of approximately 1:20 to options, which even more increases your potential gains or losses.
Indices or ETFs
On Plus500 you can also trade in CFDs on well-known indexes or ETFs. You can for example sell the Dow Jones or NASDAQ index trackers.
At Plus500 you can likewise trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are very volatile and it can for that reason be interesting to actively hypothesize on their cost advancements. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to policies”). Plus500 Affiliate Program Review.
Conclusion on the trading choices at Plus500
Plus500 has a wide variety of tradable CFD securities. Even relatively unidentified regional stocks can often be found on the Plus500 platform. This makes Plus500 an appealing broker for investors from all nations. My experience with Plus50 has actually therefore been very positive.
Assistance & research study
In this part of the review, we investigate how Plus500 supports traders.
At Plus500 you can perform technical analyses on the graphs. Within the software you can utilize different illustration alternatives. You can draw horizontal levels to show price levels where the marketplace frequently relocates the opposing instructions.
You can likewise add technical indications on the chart. The series of technical signs at Plus500 is massive. You can pick from more than 100 various options. It is wise to use technical indicators. By utilizing technical indications, you can carry out much better analyses.
The technical analysis options within the Plus500 software are substantial. Nevertheless, it is troublesome that you can not save numerous graphs. This implies that you have to duplicate the evaluates routinely. Expert investors would have to download other programs to carry out more complex analyses.
Research and education
In this evaluation we can be quick about the possibilities of research and education: at Plus500 these choices are completely missing out on. There are no courses or webinars offered at Plus500. This is a disadvantage for people who sign up with Plus500 to learn how to trade much better.
It is useful that you receive a notice within the Plus500 software when fascinating advancements occur. When the rate of, for instance, oil falls greatly, you will receive a notice of this occasion. You can then choose for yourself whether you wish to take a position on the market advancement. Plus500 Affiliate Program Review.
Within the Plus500 software application you can also see how other users trade in a security. By taking a look at the positions other traders take, you can see whether there are more purchasers or sellers. Other fundamental 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 an extensive and fast client service that is readily available in more than 30 languages. Your problems can be solved quickly in your language.
It is suggested to contact client service by means of live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be resolved nearly immediately.
It is likewise possible to email Plus500. Mails are often answered within a day. It is a pity that no telephone number is readily available. This makes it impossible to speak straight to somebody. Due to the quick processing time, Plus500 still scores adequately in regards to customer support. Plus500 Affiliate Program Review.
Security & dependability
Before you deposit cash with a company, you naturally wish to know that it is totally safe to do so. In this part of the evaluation, we look at how reliable Plus500 is.
Supervisors guarantee that brokers stick to the guidelines. Plus500 is supervised by:
- Plus500UK Ltd authorized & regulated by the FCA (# 509909).
- Plus500CY Ltd authorized & managed by the CySEC (# 250/14).
- Plus500SG Pte Ltd, licensed 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 supplier in South Africa, FSP # 47546.
Security of your deposits
Depending upon your citizenship, you take pleasure in additional security if Plus500 declares bankruptcy. This is done through a so-called investor security fund. All customer funds are kept in a segregated customer bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has actually likewise set a number of extra guidelines to make sure that your cash is as secure as possible on Plus500. Below you can find an introduction of these measurements:
Plus500 will never ever speculate with clients’ cash. All funds are saved in a different bank account, which suggests that this money is secure when unforeseen things happen with Plus500. And lastly, on Plus500 you are safeguarded versus an unfavorable balance, since he Unfavorable balance security is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted a recurring debt. Plus500 Affiliate Program Review.
Plus500 is 100% no scam. Plus500 securely manages client possessions. The company is likewise supervised. Plus500 has been around considering that 2008 and is even listed on the London stock market. These are all good indications that Plus500 is reliable and we have concerned that conclusion ourselves.
Plus500 Affiliate Program Review
About the company
Plus500 was founded in 2008 and has actually grown strongly since then. Plus500 is active in more than 30 countries and served more than 200,000 active clients in 2019. Plus500 performed over 35 million transactions with a value of over $1,000 billion in one year. The headquarters of the company can be discovered in Israel, however they have opened several extra offices in other nations. Do you want to know more about the Plus500 company? In this article you will discover everything you need to know!
Conclusion evaluation Plus500
Plus500 is one of the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by utilizing the user-friendly software. On Plus500 you can trade at low rates. You likewise have the opportunity to respond to changing market conditions by positioning orders on both rising and falling costs. Plus500 Affiliate Program Review.
Do you want to discover how Plus500 works? Then immediately open a free demo-account by pressing the button below: