Plus500 Review: 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 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 most recent market developments at low rates. Plus500 Bulgaria.

Plus500 Bulgaria

Benefit Plus500

• At Plus500 you can hypothesize on rate advancements at low rates.
• You can sell a substantial variety of CFD shares.
• It is possible to try Plus500 free of charge with a demo.
• On Plus500 you can utilize the easy to use web trader.
• Plus500 uses its services in more than 30 different languages.
• On Plus500 you can begin trading from $100. Plus500 Bulgaria.

 

Drawbacks Plus500

• Plus500 does not provide innovative software for professional traders.
• You can not find extensive analyses within the platform.
• Plus500 customer support is not available by phone.
• On Plus500 you can only trade in CFDs.

Would you like to attempt the possibilities at Plus500 with a demonstration totally free of charge and without danger? Utilize the button below to open a demonstration account with this broker:

Plus500 Bulgaria

We talk about the following subjects in the Plus500 review:

• Open account: how can you open an account with Plus500?
• Deposit cash: how can you deposit and withdraw cash?
• Expenses: how much does trading cost on Plus500?
• Functionalities: what are the possibilities of the software?
• Trading options: in what securities you trade on Plus500?
• Support: what assistance do you receive when trading?
• Customer service: what is the quality of the customer service? (costumer-service).
• Dependability: Is this broker dependable? (dependability).
• Information: more details about Plus500 (details).
• Conclusion: the decision of the Plus500 review (conclusion).

 

Opening an account with Plus500
To do this you must initially visit the Plus500 site. Click here * to open the Plus500 website. To produce a complimentary demo account, you just have to pick 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 details, you can instantly begin trading. Plus500 Bulgaria.

Plus500 accepts customers from most countries. However, there are likewise citizenships that are not confessed 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 review, we for that reason give Plus500 a positive score for opening an account. Plus500 Bulgaria.

 

Deposit & withdraw money
When you have ended up being familiar with the Plus500 platform, you can switch to a real cash account at any time. The minimum deposit at Plus500 is $100. You can deposit money into your account by utilizing one of these approaches:

• Creditcard.
• Bank transfer.
• PayPal.
• Skrill.
• iDEAL

Prior to your deposit can be processed, you need to validate your identity. Plus500 must adhere to legislation and can just get verified clients. By validating brand-new clients, Plus500 prevents customers from using the account for cash laundering.

We have actually gone through the whole procedure and submitted the required documents. Our account was authorized and launched by Plus500 within an hour. After verifying the identity of your account, you do not need to do it again. The length of this process depends on your personal scenario and can be various for each customer.

 

Withdraw cash
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 cash will remain in your account within a few days. Plus500 Bulgaria.

 

On Plus500 there are no extra expenses for transferring and withdrawing cash. This is a huge benefit of the broker Plus500: lots of other brokers charge a little cost for withdrawing money. Traders can take advantage of up to 5 free withdrawals a month, after which a cost will be incurred.

Plus500 Bulgaria

Review of the expenses of Plus500
When you start trading with Plus500, you certainly do not desire a large part of your money to be lost to high transaction costs. In this part of the evaluation, we take an in-depth look at the fees of trading with Plus500. Listed below we quickly take a look at which costs Plus500 hands down to its clients.

 

Spread
With Plus500 you pay a spread over every deal. The spread is the difference in between the buy and sell rate of a CFD. Plus500 uses 2 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 basic market changes while a position is open, however when the market is unpredictable and illiquid, might alter to a new level so that the underlying market conditions are better reflected. However, Plus500 intends to supply the tightest possible spreads at all times. Plus500 Bulgaria.

 

Forex expenses on Plus500
On Plus500 you can sell different currency sets. At the time of writing, you are paying 0.6 pips in deal costs on the pair of EUR/ USD. We compared these expenses with those of other service providers 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 expenses on Plus500
On Plus500 you can also trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against relatively 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 helpful at Plus500. (We have drawn out these data on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can also sell shares by utilizing CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which corresponds to 0.12% of the total worth. Trading CFD Tesla shares is for that reason possible at a low cost. (Please note that this is a snapshot on April 20, 2020 at 13:00.).

 

Funding costs at Plus500
With Plus500 you have the option to trade on margin. Because you can trade on margin, you do not need to put in the full amount 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 overnight funding offer expenses. In some cases, you in fact receive a premium for short positions. We compared Plus500 with other parties for this review and the funding costs were relatively low. Still, it is essential to remember that Plus500 is not very appropriate for long-lasting trading because of the funding charges you need to pay every day. Plus500 Bulgaria.

 

Other costs on Plus500
We have extensively investigated the costs for this review, and we have not found any bothersome hidden costs. Nevertheless, you need to ensure that you log in to the platform a minimum of when every 3 months. If you don’t do this, expenses for lack of exercise will be charged. This holds true with the majority of 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 money from your account.

 

You can inspect all Costs 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 indicates a market spread of 0.6 pips, in this example). Unlike other provider who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Bulgaria.

Nevertheless, the following additional charges might be used:

Overnight Funding – The over night financing amount is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The overnight funding time and the daily overnight financing percentage can be found in the “Particulars” link next to the instrument’s name on the main screen of the platform.

Currency Conversion Cost – Plus500 will charge a Currency Conversion Cost for all trades on instruments denominated in a currency different to the currency of your account.
The Currency Conversion Cost will presently depend on 0.7% of the trade’s understood net profit and loss and shown in real time into the unrealised net earnings and loss of an employment opportunity.

Inactivity Cost – A cost of as much as USD 10 each month will be imposed, must you not visit to your trading account for a duration of at least 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 lack of exercise cost will amount to the lower of the remaining available balance in your account or USD 10 (or equivalent depending on your currency). This is to offset the expense sustained in making the service offered, despite the fact that it has actually not been utilized. Please note that the cost is only gathered from the Genuine Money account and only when there are enough offered funds in the account. In order to avoid this fee, merely log into your trading account from time to time, as this is deemed enough activity to prevent a fee from being charged.

Guaranteed Stop Order – if you pick this feature, please note that as it ensures that your position (trade) closes at a specific asked for rate (cost), the trade is subject to a broader spread.

 

Conclusion Plus500 charges
The costs 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 costs on Plus500, we take a closer look at the various costs you pay when you trade with Plus500.

Plus500 Bulgaria

Software application & possibilities
When you start trading, we understand that you of course likewise want to utilize an excellent software package. With Plus500 trading is mainly done via the online WebTrader. A terrific advantage of the WebTrader is the availability: you can log in to the platform at any time and from any area to open or close a position.

What stuck out in our review 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 want to trade. New clients will therefore not need to browse wish for buy & sell buttons on Plus500. Plus500 Bulgaria.

 

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 straight sell a share. The only thing that identifies 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 choices. 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 sell the CFD you get a favorable outcome with a falling price. Given that you utilize take advantage of there is a high threat of losing cash quickly due to utilize.

 

The alternative to speculate on a decreasing price is a significant advantage within the Plus500 platform. The choice to short sell increases your flexibility and makes it possible to react to different market scenarios.

 

Type of orders
With Plus500 you can instantly 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 option to immediately open or close the position after a certain rate has actually been reached. This makes it possible to secure you trades when you need to go out. Plus500 Bulgaria.

It is likewise possible to position an order with Plus500. You do this by getting in a rate at which you automatically open the CFD position. By utilizing orders, you can achieve even better trading outcomes.

 

Take advantage of
With Plus500 you have the choice to use a leverage. With a lever you can take a larger position with the same quantity of money. Both your possible revenue and your possible loss boost when you use leverage. With each security you can immediately see what the optimum leverage is that you can apply.

The presence of an utilize is a benefit in the evaluation of Plus500. You can always choose to invest with smaller quantities if you wish to lower your threat.

 

Mobile application
On Plus500 you can likewise trade with the mobile application they use. The mobile application is less comprehensive than the WebTrader. You can carry out less comprehensive analyses with it. Nonetheless, it works to also set up the mobile application. With the app you can receive cautions when the rate of a security reaches a specific value.

The mobile application is very user-friendly and it is good to adjust 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 Bulgaria

Trading alternatives at Plus500
In this part of the review we will go over the various types of securities you can sell with Plus500.

Forex
With Plus500 you can sell CFDs on Forex. When you sell Forex, you speculate on rate changes in currency sets. You can for example location a trade on the advancement of the euro versus the dollar.

Shares
On Plus500 you can likewise sell a substantial range of CFD shares. The shares are neatly sorted by country, so you can rapidly find a share to trade.

Products
It’s also possible to sell products by utilizing CFDs. The most popular commodity for trading is oil. You can frequently use an optimum utilize of up to 1:20 to investments in basic materials. When you trade in gold you can use an utilize of 1:20.

Options
On Plus500 you can likewise sell CFDs on alternatives. Choices frequently move strongly: an alternative can sometimes increase or fall in value by 10s of percent. With CFDs you can apply an utilize of as much as 1:20 to choices, which even more increases your potential gains or losses.

Indices or ETFs
On Plus500 you can also sell CFDs on well-known indexes or ETFs. You can for example sell the Dow Jones or NASDAQ index trackers.

Cryptocurrencies
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 policies”). Plus500 Bulgaria.

Conclusion on the trading choices at Plus500
Plus500 has a wide variety of tradable CFD securities. Even fairly unknown local 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 actually therefore been extremely positive.

 

Support & research study
In this part of the review, we examine how Plus500 supports traders.

 

Technical analyses
At Plus500 you can carry out technical analyses on the charts. Within the software you can use different illustration options. You can draw horizontal levels to indicate price levels where the marketplace often moves in the opposing instructions.

You can also include technical indications on the chart. The range of technical indications at Plus500 is massive. You can select from more than 100 various options. It is a good idea to utilize technical indicators. By utilizing technical indications, you can perform better analyses.

The technical analysis options within the Plus500 software are substantial. It is bothersome that you can not conserve several charts. This suggests that you have to duplicate the examines routinely. Expert investors would need to download other programs to carry out more complex analyses.

 

Research study and education
In this review we can be quick about the possibilities of research and education: at Plus500 these choices are entirely missing out on. There are no courses or webinars available at Plus500. This is a downside for individuals who sign up with Plus500 to learn how to trade much better.

It works that you get an alert within the Plus500 software application when fascinating advancements happen. When the price of, for example, oil falls dramatically, you will receive an alert of this occasion. You can then choose for yourself whether you wish to take a position on the marketplace development. Plus500 Bulgaria.

Within the Plus500 software application you can also see how other users sell a security. By looking 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 study and education in our opinion.

 

Customer service
Plus500 has an extensive and fast customer service that is offered in more than 30 languages. Your issues can be fixed quickly in your language.

It is suggested 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 fixed practically right away.

It is also 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 directly to someone. Due to the fast processing time, Plus500 still scores adequately in terms of customer support. Plus500 Bulgaria.

 

Security & reliability
Prior to you transfer cash with a company, you naturally would like to know that it is totally protected to do so. In this part of the evaluation, we take a look at how reputable Plus500 is.

Regulation
Supervisors make sure that brokers follow the rules. Plus500 is supervised by:

• Plus500UK Ltd licensed & regulated by the FCA (# 509909).
• Plus500CY Ltd licensed & controlled 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 supplier in South Africa, FSP # 47546.

Security of your deposits
Depending on your citizenship, you enjoy extra protection if Plus500 goes bankrupt. This is done through a so-called financier defense fund. All customer funds are kept in a segregated customer checking account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has actually also set numerous additional rules to make sure that your cash is as protected as possible on Plus500. Below you can find a summary of these measurements:

Plus500 will never ever hypothesize with consumers’ cash. All funds are kept in a separate savings account, which suggests that this money is safe when unexpected things occur with Plus500. And last but not least, on Plus500 you are secured against an unfavorable balance, due to the fact that he Unfavorable balance defense is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a residual financial obligation. Plus500 Bulgaria.

 

Conclusion dependability
Plus500 is 100% no fraud. Plus500 securely handles customer properties. The business is also supervised. Plus500 has actually been around because 2008 and is even noted on the London stock market. These are all great indicators that Plus500 is reputable and we have come to that conclusion ourselves.

Plus500 Bulgaria

About the company
Plus500 was founded in 2008 and has grown strongly since then. Plus500 is active in more than 30 countries and served more than 200,000 active customers in 2019. Plus500 performed over 35 million transactions with a worth of over $1,000 billion in one year. The headquarters of the company can be found in Israel, however they have actually opened a number of additional offices in other countries. Do you would like to know more about the Plus500 company? In this short article you will discover whatever you need to understand!

Conclusion review Plus500
Plus500 is among the very best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by utilizing the easy to use 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 Bulgaria.

Do you wish to find how Plus500 works? Then instantly open a free demo-account by pushing the button listed below: