Plus500 Evaluation: our experience with this broker
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule subject to guidelines), Forex and stocks. In this extensive evaluation, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can react to the current market advancements at low rates. Plus500 Annual Report 2011.
Plus500 Annual Report 2011
- At Plus500 you can hypothesize on cost advancements at low rates.
- You can trade in a substantial range of CFD shares.
- It is possible to try Plus500 free of charge with a demonstration.
- On Plus500 you can utilize the user-friendly web trader.
- Plus500 provides its services in more than 30 different languages.
- On Plus500 you can begin trading from $100. Plus500 Annual Report 2011.
- Plus500 does not provide innovative software for professional traders.
- You can not discover extensive analyses within the platform.
- Plus500 customer service is not available by phone.
- On Plus500 you can just sell CFDs.
Would you like to attempt the possibilities at Plus500 with a demo totally free of charge and without risk? Use the button listed below to open a demo account with this broker:
Plus500 Annual Report 2011
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 deposit and withdraw cash?
- Costs: how much does trading expense on Plus500?
- Functionalities: what are the possibilities of the software?
- Trading options: in what securities you trade on Plus500?
- Assistance: what assistance do you receive when trading?
- Costumer service: what is the quality of the client service? (costumer-service).
- Reliability: Is this broker trusted? (dependability).
- Details: more information about Plus500 (info).
- Conclusion: the decision of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you need to first go to the Plus500 website. Click here * to open the Plus500 website. To produce a free demo account, you simply have to pick an email address and a password. It is also possible to visit with your Facebook or Google account. After you have left this info, you can immediately begin trading. Plus500 Annual Report 2011.
Plus500 accepts customers from the majority of countries. However, there are also citizenships that are not admitted to Plus500. Traders from for instance, 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 provide Plus500 a favorable score for opening an account. Plus500 Annual Report 2011.
Deposit & withdraw cash
When you have become familiar with the Plus500 platform, you can switch to a genuine money account at any time. The minimum deposit at Plus500 is $100. You can deposit cash into your account by utilizing among these methods:
- Bank transfer.
Before your deposit can be processed, you must verify your identity. Plus500 needs to abide by legislation and can only get validated customers. By verifying brand-new clients, Plus500 avoids clients from using the represent cash laundering.
We’ve gone through the entire procedure and submitted the required documents. Our account was approved and launched by Plus500 within an hour. After confirming the identity of your account, you do not need to do it once again. The length of this procedure depends on your individual scenario and can be various for each costumer.
You can withdraw the money 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 money will be in your account within a few days. Plus500 Annual Report 2011.
On Plus500 there are no additional costs for depositing and withdrawing cash. This is a huge advantage of the broker Plus500: lots of other brokers charge a small cost for withdrawing money. Traders can make the most of up to 5 totally free withdrawals a month, after which a fee will be sustained.
Plus500 Annual Report 2011
Evaluation of the costs of Plus500
When you begin trading with Plus500, you obviously do not want a big part of your cash to be lost to high transaction costs. In this part of the review, we take a comprehensive 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 difference between the buy and sell rate of a CFD. Plus500 provides two spread systems for its instruments: Dynamic spread which is continuously changed according to the market spread during the duration a position is open vs. a Spread which does not generally alter in line with general market variations while a position is open, but when the market is unpredictable and illiquid, may alter to a brand-new level so that the underlying market conditions are much better reflected. Plus500 aims to provide the tightest possible spreads at all times. Plus500 Annual Report 2011.
Forex costs on Plus500
On Plus500 you can sell 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 expenses are comparable to those of other brokers. (We have actually drawn out 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 relatively advantageously fees in Bitcoin CFDs. At Plus500 you pay a spread of $36 at the time of composing while at eToro you pay more than $50 per agreement. Trading cryptocurrencies is for that reason reasonably advantageous at Plus500. (We have actually drawn out these information on the 2th of June 14:00.).
Share expenses on Plus500
At Plus500 you can likewise trade in shares by utilizing 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 for that reason possible at a low cost. (Please keep in mind that this is a snapshot on April 20, 2020 at 13:00.).
Funding expenses at Plus500
With Plus500 you have the option 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 over night funding buy and the over night funding offer costs. In some cases, you really receive a premium for brief positions. We compared Plus500 with other parties for this evaluation and the funding costs were relatively low. Still, it is essential to remember that Plus500 is not extremely suitable for long-lasting trading because of the funding charges you need to pay every day. Plus500 Annual Report 2011.
Other expenses on Plus500
We have extensively investigated the expenses for this review, and we have actually not discovered any bothersome surprise expenses. You need to guarantee that you log in to the platform at least once every three months. If you don’t do this, costs for lack of exercise will be charged. This holds true with a lot of brokers.
Do you have an account with Plus500 and are you not planning to trade for a while? It is smart to withdraw the cash from your account.
You can examine all Fees here:
Plus500 is mainly 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 also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Annual Report 2011.
Nevertheless, the following extra costs might be used:
Overnight Financing – The over night financing quantity is either added to or subtracted from your account when holding a position after a particular time (the “Overnight Funding Time”).
The over night financing time and the daily over night financing portion can be found in the “Details” link next to the instrument’s name on the main screen of the platform.
Currency Conversion Fee – Plus500 will charge a Currency Conversion Fee for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Charge will presently depend on 0.7% of the trade’s understood internet revenue and loss and shown in real time into the unrealised net profit and loss of an open position.
Lack of exercise Fee – A charge of up to USD 10 monthly will be levied, need to you not log in to your trading account for a duration of at least 3 months. This fee will be charged as soon as 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 staying offered balance in your account or USD 10 (or equivalent depending upon your currency). This is to balance out the expense sustained in making the service available, despite the fact that it has not been utilized. Please note that the fee is just gathered from the Genuine Cash account and only when there are sufficient available funds in the account. In order to avoid this cost, merely log into your trading account from time to time, as this is deemed enough activity to prevent a cost from being charged.
Guaranteed Stop Order – if you choose this function, please note that as it ensures that your position (trade) closes at a specific asked for rate (cost), the trade goes through a broader spread.
Conclusion Plus500 charges
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 post about the expenses on Plus500, we take a closer take a look at the various costs you pay when you trade with Plus500.
Plus500 Annual Report 2011
Software application & possibilities
When you start trading, we comprehend that you of course also wish to utilize an excellent software package. With Plus500 trading is mainly done by means of the online WebTrader. A fantastic benefit of the WebTrader is the availability: you can visit 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 find the CFD in which you wish to trade. New customers will therefore not need to browse wish for buy & sell buttons on Plus500. Plus500 Annual Report 2011.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is important to bear in mind that with Plus500 you always sell CFDs. With Plus500 you never straight sell a share. The only thing that determines your result is the distinction between the price at which you open and close the position.
When you open a position, you have 2 choices. You can buy the CFD or you can go short on the CFD. When you buy the CFD you get a favorable result with an increasing price and when you sell the CFD you get a favorable outcome with a falling rate. Considering that you utilize leverage there is a high threat of losing money quickly due to utilize.
The alternative to speculate on a declining cost is a major advantage within the Plus500 platform. The option to brief sell increases your versatility and makes it possible to react to different market circumstances.
Kind of orders
With Plus500 you can immediately open an order. When you push buy or sell you will see the screen listed below:
In the order screen you can enter the quantity you want to trade with. You also have the alternative to automatically open or close the position after a particular cost has actually been reached. This makes it possible to safeguard you trades when you need to go out. Plus500 Annual Report 2011.
It is likewise possible to position an order with Plus500. You do this by going into a cost at which you instantly open the CFD position. By utilizing orders, you can attain even better trading outcomes.
With Plus500 you have the choice to apply a take advantage of. With a lever you can take a larger position with the same amount of cash. Both your possible revenue and your possible loss increase when you use utilize. With each security you can immediately see what the optimum leverage is that you can apply.
The presence of a take advantage of is an advantage in the review of Plus500. You can constantly decide to invest with smaller amounts if you want to reduce your danger.
On Plus500 you can also trade with the mobile application they offer. The mobile application is less comprehensive than the WebTrader. You can carry out less extensive analyses with it. However, it works to also set up the mobile application. With the app you can receive warnings when the cost of a security reaches a specific worth.
The mobile application is very user-friendly and it is great to change your orders when market conditions change considerably. The mobile application is for that reason a strong point in our evaluation of the Plus500 platform.
Plus500 Annual Report 2011
Trading options at Plus500
In this part of the review we will go over the different kinds of securities you can sell with Plus500.
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you speculate on price changes in currency pairs. You can for example place a trade on the advancement of the euro versus the dollar.
On Plus500 you can likewise sell an extensive series of CFD shares. The shares are nicely sorted by country, so you can rapidly discover a share to trade.
It’s also possible to sell products by utilizing CFDs. The most popular product for trading is oil. You can typically use a maximum leverage of as much as 1:20 to investments in raw materials. When you trade in gold you can use a leverage of 1:20.
On Plus500 you can likewise trade in CFDs on choices. Alternatives frequently move strongly: an option can in some cases rise or fall in worth by 10s of percent. With CFDs you can apply a leverage of up to 1:20 to choices, which even more increases your prospective 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 also trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are really unpredictable and it can for that reason be interesting to actively speculate on their cost developments. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to regulations”). Plus500 Annual Report 2011.
Conclusion on the trading options at Plus500
Plus500 has a wide variety of tradable CFD securities. Even reasonably unknown local stocks can typically be discovered on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all nations. My experience with Plus50 has for that reason been extremely favorable.
Assistance & research study
In this part of the evaluation, we investigate how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the graphs. Within the software application you can utilize various drawing choices. You can draw horizontal levels to show price levels where the market often moves in the opposing direction.
You can likewise add technical indicators on the chart. The range of technical indicators at Plus500 is huge. You can choose from more than 100 different options. It is smart to utilize technical indicators. By utilizing technical signs, you can perform much better analyses.
The technical analysis alternatives within the Plus500 software application are extensive. It is troublesome that you can not save several charts. This implies that you have to duplicate the analyzes frequently. Expert investors would have to download other programs to perform more complex analyses.
Research and education
In this review we can be fast about the possibilities of research and education: at Plus500 these choices are completely missing out on. There are no courses or webinars readily available at Plus500. This is a drawback for individuals who join Plus500 to discover how to trade better.
It works that you get a notice within the Plus500 software when fascinating developments occur. When the cost of, for example, oil falls greatly, you will get a notice of this event. You can then decide on your own whether you want to take a position on the market advancement. Plus500 Annual Report 2011.
Within the Plus500 software you can likewise see how other users trade in a security. By looking at the positions other traders take, you can see whether there are more buyers 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 viewpoint.
Plus500 has a comprehensive and quick customer service that is available in more than 30 languages. Your issues can be fixed rapidly in your language.
It is advised to get in touch with client service by means of live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be solved practically instantly.
It is also possible to email Plus500. Mails are typically responded to within a day. It is a pity that no telephone number is readily available. This makes it impossible to speak directly to someone. Due to the quick processing time, Plus500 still ratings sufficiently in regards to customer support. Plus500 Annual Report 2011.
Security & reliability
Prior to you transfer money with a company, you naturally wish to know that it is completely safe to do so. In this part of the review, we take a look at how reputable Plus500 is.
Supervisors guarantee that brokers adhere to the rules. Plus500 is monitored by:
- Plus500UK Ltd authorized & controlled by the FCA (# 509909).
- Plus500CY Ltd licensed & regulated 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), accredited by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized monetary supplier in South Africa, FSP # 47546.
Security of your deposits
Depending upon your nationality, you take pleasure in extra defense if Plus500 declares bankruptcy. This is done through a so-called financier protection fund. All client funds are held in a segregated customer bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has actually also set a number of additional rules to make sure that your money is as protected as possible on Plus500. Below you can find an overview of these measurements:
Plus500 will never ever hypothesize with consumers’ cash. All funds are saved in a different savings account, which indicates that this money is secure when unforeseen things happen with Plus500. And last but not least, on Plus500 you are protected versus an unfavorable balance, because he Negative balance security is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never ever be left with a residual debt. Plus500 Annual Report 2011.
Plus500 is 100% no scam. Plus500 safely handles client possessions. The business is likewise supervised. Plus500 has been around given that 2008 and is even listed on the London stock exchange. These are all excellent indications that Plus500 is trustworthy and we have actually pertained to that conclusion ourselves.
Plus500 Annual Report 2011
About the company
Plus500 was founded in 2008 and has actually grown strongly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active clients in 2019. Plus500 carried out over 35 million deals with a value of over $1,000 billion in one year. The head office of the business can be found in Israel, however they have actually opened a number of additional workplaces in other countries. Do you need to know more about the Plus500 company? In this post you will find whatever 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 using the user-friendly software. On Plus500 you can trade at low rates. You also have the opportunity to react to changing market conditions by placing orders on both rising and falling prices. Plus500 Annual Report 2011.
Do you wish to discover how Plus500 works? Instantly open a complimentary demo-account by pressing the button below: