Plus500 Evaluation: our experience with this broker
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule subject to regulations), Forex and stocks. In this substantial evaluation, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can respond to the current market developments at low rates. Plus500 Annual Report 2013.
Plus500 Annual Report 2013
- At Plus500 you can speculate on cost advancements at low rates.
- You can sell an extensive range of CFD shares.
- It is possible to attempt Plus500 free of charge with a demonstration.
- On Plus500 you can utilize the user-friendly web trader.
- Plus500 uses its services in more than 30 different languages.
- On Plus500 you can start trading from $100. Plus500 Annual Report 2013.
- Plus500 does not offer sophisticated software application for professional traders.
- You can not find comprehensive analyses within the platform.
- Plus500 customer service is not offered by phone.
- On Plus500 you can only sell CFDs.
Would you like to attempt the possibilities at Plus500 with a demo completely free of charge and without danger? Utilize the button below to open a demo account with this broker:
Plus500 Annual Report 2013
We go over the following subjects in the Plus500 review:
- Open account: how can you open an account with Plus500?
- Deposit money: how can you transfer and withdraw cash?
- Expenses: how much does trading cost on Plus500?
- Performances: what are the possibilities of the software application?
- Trading options: in what securities you trade on Plus500?
- Assistance: what assistance do you get when trading?
- Costumer service: what is the quality of the client service? (costumer-service).
- Reliability: Is this broker trusted? (reliability).
- Info: more details about Plus500 (information).
- Conclusion: the verdict of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you should first check out the Plus500 site. Click on this link * to open the Plus500 site. To produce a complimentary demonstration account, you simply need to select an e-mail address and a password. It is likewise possible to log in with your Facebook or Google account. After you have actually left this info, you can immediately start trading. Plus500 Annual Report 2013.
Plus500 accepts consumers from most countries. However, there are likewise nationalities that are not admitted to Plus500. Traders from for example, 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 evaluation, we therefore offer Plus500 a positive score for opening an account. Plus500 Annual Report 2013.
Deposit & withdraw money
When you have actually become familiar with the Plus500 platform, you can change to a real money account at any time. The minimum deposit at Plus500 is $100. You can transfer cash into your account by utilizing one of these techniques:
- Bank transfer.
Prior to your deposit can be processed, you must confirm your identity. Plus500 must abide by legislation and can just get validated clients. By validating brand-new costumers, Plus500 prevents costumers from utilizing the account for cash laundering.
We have actually gone through the whole process and uploaded the required documents. Our account was approved and launched by Plus500 within an hour. After validating the identity of your account, you don’t have to do it again. The length of this process depends on your personal circumstance and can be various for each customer.
You can withdraw the money into your account at any time. You can do this by moving the cash to your checking account or PayPal account. The transfer is made rapidly and the money will remain in your account within a few days. Plus500 Annual Report 2013.
On Plus500 there are no extra expenses for depositing and withdrawing cash. This is a huge advantage of the broker Plus500: many other brokers charge a small charge for withdrawing cash. Traders can benefit from approximately 5 complimentary withdrawals a month, after which a fee will be incurred.
Plus500 Annual Report 2013
Review of the expenses of Plus500
When you begin trading with Plus500, you undoubtedly do not want a large part of your money to be lost to high deal expenses. In this part of the evaluation, we take a detailed take a look at the fees of trading with Plus500. Below we quickly analyze which costs Plus500 hands down to its customers.
With Plus500 you pay a spread over every deal. The spread is the distinction between the buy and sell price of a CFD. Plus500 offers 2 spread systems for its instruments: Dynamic spread which is constantly changed according to the market spread during the period a position is open vs. a Spread which does not normally change in line with basic market fluctuations while a position is open, but when the marketplace is unstable and illiquid, may alter to a brand-new level so that the underlying market conditions are better reflected. Plus500 aims to offer the tightest possible spreads at all times. Plus500 Annual Report 2013.
Forex costs on Plus500
On Plus500 you can trade in various currency sets. At the time of writing, you are paying 0.6 pips in deal fees on the pair of EUR/ USD. We compared these expenses with those of other companies and concluded that these costs are comparable to those of other brokers. (We have extracted these data on the 2th of June 14:00.).
Cryptocurrency expenses on Plus500
On Plus500 you can also sell cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade against reasonably advantageously costs 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 advantageous at Plus500. (We have drawn out these data on the 2th of June 14:00.).
Share expenses on Plus500
At Plus500 you can also trade in shares by utilizing CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which relates to 0.12% of the total value. Trading CFD Tesla shares is therefore possible at a low cost. (Please note that this is a snapshot on April 20, 2020 at 13:00.).
Funding expenses at Plus500
With Plus500 you have the choice to trade on margin. Since you can trade on margin, you do not have to put in the full amount of the trading position yourself. Nevertheless, you do need to pay a premium for this.
With each security you will see the over night financing buy and the overnight funding offer costs. In some cases, you in fact receive a premium for short positions. We compared Plus500 with other celebrations for this evaluation and the financing expenses were fairly low. Still, it is necessary to bear in mind that Plus500 is not really ideal for long-lasting trading because of the funding costs you have to pay on a daily basis. Plus500 Annual Report 2013.
Other expenses on Plus500
We have extensively examined the expenses for this review, and we have not discovered any irritating covert expenses. You must make sure that you log in to the platform at least once 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 planning to trade for a while? It is wise to withdraw the cash from your account.
You can inspect all Fees here:
Plus500 is generally compensated for its services through the “market spread”. For instance, when trading EUR/USD, if the buy rate is 1.12078 then the sell rate would be 1.12072 respectively (which suggests a market spread of 0.6 pips, in this example). Unlike other service providers who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Annual Report 2013.
The following extra fees might be used:
Overnight Financing – The overnight financing quantity is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The over night funding 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 Cost – 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 Charge will currently depend on 0.7% of the trade’s realised net profit and loss and shown in real time into the unrealised net revenue and loss of an open position.
Inactivity Cost – A charge of as much as USD 10 monthly will be imposed, must you not visit to your trading represent a period of a minimum of three months. This cost will be charged once a month from that minute onwards, as long as no login is made to the account. The inactivity charge will amount to the lesser of the staying available balance in your account or USD 10 (or comparable depending upon your currency). This is to offset the cost incurred in making the service readily available, even though it has not been used. Please note that the charge is only gathered from the Real Money account and just when there are adequate readily available funds in the account. In order to avoid this fee, simply log into your trading account from time to time, as this is considered adequate activity to prevent a fee from being charged.
Guaranteed Stop Order – if you select this feature, please note that as it ensures that your position (trade) closes at a specific requested rate (price), the trade goes through a larger spread.
Conclusion Plus500 fees
The expenses 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 various costs you pay when you trade with Plus500.
Plus500 Annual Report 2013
Software application & possibilities
When you start trading, we comprehend that you obviously also wish to use a great software package. With Plus500 trading is primarily done via the online WebTrader. A fantastic advantage of the WebTrader is the accessibility: you can visit to the platform at any time and from any area to open or close a position.
What stood apart in our evaluation 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 wish to trade. New customers will for that reason not need to search long for purchase & offer buttons on Plus500. Plus500 Annual Report 2013.
Opening a trade
Opening a trade with Plus500 is rather simple. It is very important to keep in mind that with Plus500 you always trade in CFDs. With Plus500 you never straight sell a share. The only thing that determines your result is the distinction in between the rate at which you open and close the position.
When you open a position, you have 2 options. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable result with a rising rate and when you offer the CFD you get a positive result with a falling rate. Given that you use leverage there is a high threat of losing money rapidly due to take advantage of.
The alternative to hypothesize on a declining price is a significant advantage within the Plus500 platform. The option to brief sell increases your versatility and makes it possible to respond to various market scenarios.
Type of orders
With Plus500 you can immediately open an order. When you push buy or sell you will see the screen below:
In the order screen you can go into the quantity you wish to trade with. You likewise have the option to instantly open or close the position after a certain price has been reached. This makes it possible to protect you trades when you have to go out. Plus500 Annual Report 2013.
It is likewise possible to put an order with Plus500. You do this by getting in a price at which you instantly open the CFD position. By utilizing orders, you can accomplish even better trading results.
Take advantage of
With Plus500 you have the option to use a take advantage of. With a lever you can take a bigger position with the same quantity of money. Both your prospective profit and your prospective loss boost when you apply utilize. With each security you can immediately see what the optimum take advantage of is that you can use.
The existence of a leverage is a benefit in the evaluation of Plus500. You can always decide to invest with smaller amounts if you wish to lower your danger.
On Plus500 you can also trade with the mobile application they offer. The mobile application is less substantial than the WebTrader. You can carry out less extensive analyses with it. Nevertheless, it works to likewise install the mobile application. With the app you can receive cautions when the price of a security reaches a particular worth.
The mobile application is extremely easy to use and it is excellent to adjust your orders when market conditions change significantly. The mobile application is for that reason a strong point in our review of the Plus500 platform.
Plus500 Annual Report 2013
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 sell CFDs on Forex. When you trade in Forex, you hypothesize on price modifications in currency pairs. You can for example place a trade on the advancement of the euro against the dollar.
On Plus500 you can also trade in an extensive range of CFD shares. The shares are nicely arranged by country, so you can rapidly discover a share to trade.
It’s likewise possible to trade in commodities by using CFDs. The most popular product for trading is oil. You can typically apply an optimum utilize of as much as 1:20 to investments in raw materials. When you sell gold you can apply an utilize of 1:20.
On Plus500 you can also sell CFDs on choices. Choices typically move strongly: a choice can in some cases rise or fall in worth by 10s of percent. With CFDs you can use an utilize of as much as 1:20 to alternatives, which further increases your potential gains or losses.
Indices or ETFs
On Plus500 you can likewise trade in CFDs on popular 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 famous cryptocurrencies. Cryptocurrencies are very unpredictable and it can therefore be interesting to actively hypothesize on their cost advancements. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument accessibility subject to guidelines”). Plus500 Annual Report 2013.
Conclusion on the trading options at Plus500
Plus500 has a large range of tradable CFD securities. Even relatively unknown local stocks can frequently be discovered on the Plus500 platform. This makes Plus500 an attractive broker for investors from all nations. My experience with Plus50 has therefore been very favorable.
Assistance & research
In this part of the evaluation, we investigate how Plus500 supports traders.
At Plus500 you can perform technical analyses on the charts. Within the software you can utilize different illustration alternatives. You can draw horizontal levels to show price levels where the market frequently relocates the opposing direction.
You can also add technical signs on the chart. The variety of technical indications at Plus500 is massive. You can pick from more than 100 different choices. It is smart to use technical indications. By utilizing technical signs, you can execute much better analyses.
The technical analysis choices within the Plus500 software application are extensive. It is troublesome that you can not conserve numerous charts. This means that you have to duplicate the evaluates regularly. Expert investors would have to download other programs to perform more complex analyses.
Research study and education
In this evaluation 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 readily available at Plus500. This is a downside for individuals who join Plus500 to discover how to trade much better.
It works that you receive a notice within the Plus500 software application when interesting developments occur. When the price of, for instance, oil falls sharply, you will receive a notification of this event. You can then decide on your own whether you want to take a position on the marketplace advancement. Plus500 Annual Report 2013.
Within the Plus500 software you can also see how other users trade in a security. By looking at the positions other traders take, you can see whether there are more purchasers or sellers. Other basic data is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.
Plus500 has an extensive and fast customer service that is readily available in more than 30 languages. Your problems can be resolved rapidly in your language.
It is advised to get in touch with client service through live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be solved nearly right away.
It is likewise possible to email Plus500. Mails are typically responded to within a day. It is a pity that no telephone number is available. This makes it difficult to speak straight to someone. Due to the fast processing time, Plus500 still scores adequately in terms of client service. Plus500 Annual Report 2013.
Security & dependability
Prior to you transfer money with a company, you naturally want to know that it is entirely protected to do so. In this part of the review, we take a look at how dependable Plus500 is.
Supervisors guarantee that brokers adhere to the rules. Plus500 is supervised by:
- Plus500UK Ltd licensed & managed by the FCA (# 509909).
- Plus500CY Ltd licensed & managed by the CySEC (# 250/14).
- Plus500SG Pte Ltd, accredited 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 provider in South Africa, FSP # 47546.
Security of your deposits
Depending on your nationality, you enjoy extra defense if Plus500 declares bankruptcy. This is done through a so-called financier protection fund. All client funds are kept in a segregated client bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has actually also set a number of additional guidelines to ensure that your cash is as secure as possible on Plus500. Listed below you can discover an overview of these measurements:
Plus500 will never speculate with consumers’ cash. All funds are saved in a different savings account, which suggests that this money is safe and secure when unforeseen things happen with Plus500. And finally, on Plus500 you are secured versus a negative balance, due to the fact that he Negative balance security is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a recurring debt. Plus500 Annual Report 2013.
Plus500 is 100% no scam. Plus500 securely handles consumer possessions. The company is likewise supervised. Plus500 has been around because 2008 and is even noted on the London stock market. These are all excellent indicators that Plus500 is reputable and we have concerned that conclusion ourselves.
Plus500 Annual Report 2013
About the company
Plus500 was founded in 2008 and has grown strongly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active clients in 2019. Plus500 executed over 35 million transactions with a value of over $1,000 billion in one year. The head office of the business can be discovered in Israel, but they have actually opened a number of additional workplaces in other nations. Do you wish to know more about the Plus500 business? In this post you will discover whatever you need to know!
Conclusion review Plus500
Plus500 is one of the very 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 putting orders on both rising and falling rates. Plus500 Annual Report 2013.
Do you wish to discover how Plus500 works? Then right away open a free demo-account by pushing the button below: