Plus500 Review: our experience with this broker
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument schedule subject to regulations), Forex and stocks. In this comprehensive review, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can react to the latest market advancements at low rates. Plus500 Bonus 2018.
Plus500 Bonus 2018
- At Plus500 you can speculate on rate advancements at low rates.
- You can trade in a substantial variety of CFD shares.
- It is possible to attempt Plus500 free of charge with a demo.
- On Plus500 you can utilize the user-friendly web trader.
- Plus500 provides its services in more than 30 different languages.
- On Plus500 you can start trading from $100. Plus500 Bonus 2018.
- Plus500 does not supply innovative software application for professional traders.
- You can not find extensive analyses within the platform.
- Plus500 customer care is not readily available by phone.
- On Plus500 you can just sell CFDs.
Would you like to attempt the possibilities at Plus500 with a demonstration totally free of charge and without threat? Use the button listed below to open a demonstration account with this broker:
Plus500 Bonus 2018
We talk about the following subjects in the Plus500 review:
- Open account: how can you open an account with Plus500?
- Deposit money: how can you deposit and withdraw money?
- Costs: just how much does trading cost on Plus500?
- Functionalities: what are the possibilities of the software?
- Trading alternatives: in what securities you trade on Plus500?
- Support: what assistance do you get when trading?
- Customer service: what is the quality of the customer service? (costumer-service).
- Reliability: Is this broker reliable? (reliability).
- Info: more information about Plus500 (info).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you should first visit the Plus500 site. Click on this link * to open the Plus500 website. To create a totally free demonstration account, you just have to choose an e-mail address and a password. It is likewise possible to visit with your Facebook or Google account. After you have actually left this information, you can immediately start trading. Plus500 Bonus 2018.
Plus500 accepts consumers from most countries. However, 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 review, we for that reason give Plus500 a favorable ranking for opening an account. Plus500 Bonus 2018.
Deposit & withdraw cash
When you have become knowledgeable about the Plus500 platform, you can switch to a real cash account at any time. The minimum deposit at Plus500 is $100. You can transfer cash into your account by using one of these techniques:
- Bank transfer.
Before your deposit can be processed, you must verify your identity. Plus500 should abide by legislation and can only receive verified clients. By confirming new customers, Plus500 prevents costumers from utilizing the represent cash laundering.
We’ve gone through the entire process and uploaded the needed files. 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 process depends upon your individual situation and can be different for each costumer.
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 quickly and the cash will be in your account within a couple of days. Plus500 Bonus 2018.
On Plus500 there are no additional costs for depositing and withdrawing money. This is a big advantage of the broker Plus500: numerous other brokers charge a little charge for withdrawing money. Traders can take advantage of approximately 5 totally free withdrawals a month, after which a fee will be sustained.
Plus500 Bonus 2018
Review of the expenses of Plus500
When you start trading with Plus500, you undoubtedly do not want a large part of your cash to be lost to high deal costs. In this part of the review, we take a comprehensive take a look at the fees 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 deal. The spread is the distinction in between the buy and sell cost of a CFD. Plus500 offers two spread mechanisms for its instruments: Dynamic spread which is constantly changed according to the market spread during the duration a position is open vs. a Spread which does not typically change in line with basic market variations 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 shown. Plus500 aims to provide the tightest possible spreads at all times. Plus500 Bonus 2018.
Forex costs on Plus500
On Plus500 you can trade in various currency pairs. At the time of composing, you are paying 0.6 pips in deal costs on the pair of EUR/ USD. We compared these costs with those of other companies and concluded that these costs are comparable to those of other brokers. (We have drawn out these information on the 2th of June 14:00.).
Cryptocurrency costs on Plus500
On Plus500 you can likewise sell cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade versus reasonably advantageously costs 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 contract. Trading cryptocurrencies is for that reason fairly advantageous at Plus500. (We have actually extracted these data on the 2th of June 14:00.).
Share costs on Plus500
At Plus500 you can likewise trade in 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 keep in mind 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. Due to the fact that you can trade on margin, you do not have to put in the full amount of the trading position yourself. However, you do need to pay a premium for this.
With each security you will see the overnight funding buy and the overnight funding sell expenses. In some cases, you in fact get a premium for short positions. We compared Plus500 with other celebrations for this evaluation and the financing costs were reasonably low. Still, it is very important to keep in mind that Plus500 is not extremely ideal for long-lasting trading because of the funding fees you need to pay daily. Plus500 Bonus 2018.
Other expenses on Plus500
We have thoroughly examined the expenses for this review, and we have not found any annoying covert expenses. However, you need to guarantee that you visit to the platform at least once every 3 months. If you don’t do this, costs for inactivity will be charged. This is the case with many 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 inspect all Fees here:
Plus500 is primarily made up for its services through the “market spread”. For example, 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 Bonus 2018.
The following extra charges may be applied:
Overnight Financing – The over night funding quantity is either contributed to or subtracted from your account when holding a position after a specific time (the “Overnight Financing Time”).
The over night funding time and the day-to-day overnight financing portion can be discovered in the “Particulars” link beside the instrument’s name on the primary screen of the platform.
Currency Conversion Charge – Plus500 will charge a Currency Conversion Charge for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Charge will currently depend on 0.7% of the trade’s realised web revenue and loss and shown in real time into the unrealised net earnings and loss of an open position.
Lack of exercise Cost – A cost of approximately USD 10 monthly will be imposed, ought to you not log in to your trading account for 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 amount to the lower of the remaining offered balance in your account or USD 10 (or comparable depending on your currency). This is to balance out the expense incurred in making the service available, despite the fact that it has actually not been used. Please note that the charge is just collected from the Genuine Money account and only when there are sufficient offered funds in the account. In order to avoid this charge, simply log into your trading account from time to time, as this is considered sufficient activity to prevent a charge from being charged.
Surefire Stop Order – if you pick this feature, please note that as it guarantees that your position (trade) closes at a particular asked for rate (price), the trade undergoes a broader spread.
Conclusion Plus500 charges
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 article about the expenses on Plus500, we take a closer look at the numerous expenses you pay when you trade with Plus500.
Plus500 Bonus 2018
Software & possibilities
When you begin trading, we understand that you obviously likewise wish to use an excellent software package. With Plus500 trading is primarily done through the online WebTrader. A fantastic benefit of the WebTrader is the accessibility: you can visit to the platform at any time and from any location to open or close a position.
What stood apart in our review was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can rapidly discover the CFD in which you want to trade. New clients will for that reason not need to search wish for purchase & offer buttons on Plus500. Plus500 Bonus 2018.
Opening a trade
Opening a trade with Plus500 is rather simple. It is very important to remember that with Plus500 you always trade in CFDs. With Plus500 you never ever directly trade in a share. The only thing that identifies your outcome is the difference between the cost at which you open and close the position.
When you open a position, you have two options. You can buy the CFD or you can go short on the CFD. When you buy the CFD you get a positive outcome with an increasing cost and when you offer the CFD you get a positive outcome with a falling rate. Given that you utilize leverage there is a high risk of losing money rapidly due to leverage.
The choice to hypothesize on a decreasing price is a major advantage within the Plus500 platform. The alternative to short sell increases your flexibility and makes it possible to react to different market situations.
Kind of orders
With Plus500 you can immediately open an order. When you push purchase or sell you will see the screen listed below:
In the order screen you can enter the quantity you want to trade with. You likewise have the alternative to automatically open or close the position after a particular price has actually been reached. This makes it possible to protect you trades when you have to go out. Plus500 Bonus 2018.
It is also possible to put an order with Plus500. You do this by getting in a cost at which you automatically open the CFD position. By using orders, you can accomplish even better trading outcomes.
With Plus500 you have the option to use a leverage. With a lever you can take a larger position with the same amount of cash. Both your possible revenue and your prospective loss increase when you use utilize. With each security you can immediately see what the maximum leverage is that you can apply.
The existence of a leverage is an advantage in the evaluation of Plus500. You can always decide to invest with smaller sized quantities 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 perform less extensive analyses with it. Nonetheless, it works to also set up the mobile application. With the app you can get warnings when the cost of a security reaches a certain value.
The mobile application is very user-friendly and it is good to adjust your orders when market conditions alter considerably. The mobile application is for that reason a strong point in our evaluation of the Plus500 platform.
Plus500 Bonus 2018
Trading choices at Plus500
In this part of the evaluation we will discuss the various types of securities you can sell with Plus500.
With Plus500 you can sell CFDs on Forex. When you sell Forex, you speculate on cost changes in currency sets. You can for example location a trade on the development of the euro against the dollar.
On Plus500 you can likewise trade in an extensive range of CFD shares. The shares are neatly arranged by country, so you can quickly find a share to trade.
It’s likewise possible to trade in commodities by using CFDs. The most popular commodity for trading is oil. You can frequently use a maximum utilize of up to 1:20 to investments in basic materials. When you trade in gold you can apply an utilize of 1:20.
On Plus500 you can also sell CFDs on options. Options typically move strongly: an alternative can often rise or fall in worth by 10s of percent. With CFDs you can apply an utilize of up to 1:20 to options, which further increases your possible gains or losses.
Indices or ETFs
On Plus500 you can also trade in CFDs on widely known indexes or ETFs. You can for example trade in the Dow Jones or NASDAQ index trackers.
At Plus500 you can also trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are extremely unpredictable and it can therefore be interesting to actively speculate on their price advancements. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument schedule subject to guidelines”). Plus500 Bonus 2018.
Conclusion on the trading alternatives at Plus500
Plus500 has a wide variety of tradable CFD securities. Even relatively unidentified regional stocks can often be discovered on the Plus500 platform. This makes Plus500 an appealing broker for investors from all nations. My experience with Plus50 has therefore been really favorable.
Assistance & 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 indicate price levels where the market frequently relocates the opposing direction.
You can likewise include technical indicators on the graph. The variety of technical indicators at Plus500 is enormous. You can select from more than 100 different choices. It is a good idea to use technical indications. By utilizing technical indicators, you can execute better analyses.
The technical analysis options within the Plus500 software application are extensive. However, it is troublesome that you can not conserve numerous charts. This suggests that you need to duplicate the analyzes regularly. Professional 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 alternatives are totally missing out on. There are no courses or webinars offered at Plus500. This is a downside for individuals who join Plus500 to learn how to trade much better.
It is useful that you receive an alert within the Plus500 software when interesting developments occur. When the cost of, for example, oil falls sharply, you will get a notice of this occasion. You can then decide on your own whether you want to take a position on the market advancement. Plus500 Bonus 2018.
Within the Plus500 software 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 buyers or sellers. Other basic information is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.
Plus500 has a thorough and quick customer care that is readily available in more than 30 languages. Your issues can be solved quickly in your language.
It is recommended to contact customer care by means of live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be fixed practically right away.
It is also possible to email Plus500. Mails are typically answered within a day. It is a pity that no phone number is available. This makes it difficult to speak directly to somebody. Due to the fast processing time, Plus500 still scores adequately in regards to customer service. Plus500 Bonus 2018.
Security & dependability
Before you transfer money with a business, you naturally would like to know that it is completely safe to do so. In this part of the evaluation, we look at how trusted Plus500 is.
Supervisors make sure that brokers comply with the rules. Plus500 is supervised by:
- Plus500UK Ltd licensed & regulated 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), accredited by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed monetary service provider in South Africa, FSP # 47546.
Security of your deposits
Depending upon your citizenship, you take pleasure in extra protection if Plus500 declares bankruptcy. This is done through a so-called investor protection fund. All client funds are kept in a segregated customer savings 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 protected as possible on Plus500. Below you can discover an overview of these measurements:
Plus500 will never hypothesize with consumers’ cash. All funds are stored in a different savings account, which suggests that this cash is secure when unforeseen things occur with Plus500. And lastly, on Plus500 you are safeguarded versus a negative balance, due to the fact that he Unfavorable balance protection is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be left with a recurring financial obligation. Plus500 Bonus 2018.
Plus500 is 100% no fraud. Plus500 securely manages consumer properties. The company is likewise monitored. Plus500 has actually been around given that 2008 and is even listed on the London stock exchange. These are all excellent signs that Plus500 is reliable and we have come to that conclusion ourselves.
Plus500 Bonus 2018
About the company
Plus500 was founded in 2008 and has actually grown highly 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 deals with a worth of over $1,000 billion in one year. The head office of the company can be found in Israel, however they have opened several additional workplaces in other nations. Do you need to know more about the Plus500 business? In this post you will discover everything 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 recognized shares and cryptocurrencies by utilizing the easy to use software application. On Plus500 you can trade at low rates. You also have the opportunity to respond to changing market conditions by positioning orders on both rising and falling costs. Plus500 Bonus 2018.
Do you want to discover how Plus500 works? Then instantly open a totally free demo-account by pressing the button listed below: