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 react to the most recent market developments at low rates. Plus500 Customer Support Number.

Plus500 Customer Support Number

Advantage Plus500

• At Plus500 you can speculate on rate advancements at low rates.
• You can trade in a substantial series of CFD shares.
• It is possible to try Plus500 for free with a demo.
• On Plus500 you can utilize the easy to use web trader.
• Plus500 provides its services in more than 30 different languages.
• On Plus500 you can start trading from $100. Plus500 Customer Support Number.

 

Downsides Plus500

• Plus500 does not offer sophisticated software for expert traders.
• You can not find extensive analyses within the platform.
• Plus500 customer service is not readily available by phone.
• On Plus500 you can only trade in CFDs.

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

Plus500 Customer Support Number

We talk about the following topics in the Plus500 review:

• Open account: how can you open an account with Plus500?
• Deposit money: how can you deposit and withdraw cash?
• Expenses: 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 support do you get when trading?
• Client service: what is the quality of the client service? (costumer-service).
• Reliability: Is this broker dependable? (reliability).
• Information: more information about Plus500 (details).
• Conclusion: the verdict of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you must initially visit the Plus500 site. Click here * to open the Plus500 website. To create a free demonstration account, you just have to choose an email address and a password. It is also possible to log in with your Facebook or Google account. After you have left this info, you can immediately start trading. Plus500 Customer Support Number.

Plus500 accepts consumers from many countries. There are also nationalities that are not confessed 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 review, we therefore give Plus500 a positive ranking for opening an account. Plus500 Customer Support Number.

 

Deposit & withdraw cash
When you have become familiar with the Plus500 platform, you can change to a real cash account at any time. The minimum deposit at Plus500 is $100. You can deposit cash into your account by utilizing among these techniques:

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

Before your deposit can be processed, you must confirm your identity. Plus500 should adhere to legislation and can just get confirmed consumers. By confirming brand-new clients, Plus500 prevents clients from using the account for cash laundering.

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

 

Withdraw money
You can withdraw the cash 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 rapidly and the money will be in your account within a few days. Plus500 Customer Support Number.

 

On Plus500 there are no extra expenses for depositing and withdrawing cash. This is a big advantage of the broker Plus500: many other brokers charge a little charge for withdrawing cash. Traders can take advantage of as much as 5 free withdrawals a month, after which a fee will be incurred.

Plus500 Customer Support Number

Review of the costs of Plus500
When you begin trading with Plus500, you clearly do not desire a big part of your cash to be lost to high transaction costs. In this part of the evaluation, we take an in-depth take a look at the charges 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 distinction in between the buy and sell price of a CFD. Plus500 provides two spread mechanisms for its instruments: Dynamic spread which is continuously changed according to the market spread out throughout the duration a position is open vs. a Spread which does not typically alter in line with general market fluctuations while a position is open, but when the marketplace is unstable and illiquid, might change to a brand-new level so that the underlying market conditions are much better shown. Plus500 intends to offer the tightest possible spreads at all times. Plus500 Customer Support Number.

 

Forex expenses on Plus500
On Plus500 you can trade in different currency pairs. At the time of composing, you are paying 0.6 pips in transaction charges on the pair of EUR/ USD. We compared these expenses with those of other providers and concluded that these costs are comparable to those of other brokers. (We have extracted these information on the 2th of June 14:00.).

 

Cryptocurrency costs on Plus500
On Plus500 you can likewise trade in cryptocurrencies such as Bitcoin. In our evaluation 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 composing while at eToro you pay more than $50 per agreement. Trading cryptocurrencies is therefore reasonably advantageous at Plus500. (We have actually drawn out 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 presently pay a spread of $ 0.95, which equates to 0.12% of the total value. Trading CFD Tesla shares is therefore possible at a low cost. (Please note that this is a picture on April 20, 2020 at 13:00.).

 

Funding costs 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 need to put in the total of the trading position yourself. Nevertheless, you do need to pay a premium for this.

With each security you will see the overnight funding buy and the overnight financing offer costs. In many cases, you in fact get a premium for short positions. We compared Plus500 with other parties for this review and the funding expenses were fairly low. Still, it is essential to keep in mind that Plus500 is not extremely ideal for long-lasting trading because of the funding charges you need to pay every day. Plus500 Customer Support Number.

 

Other costs on Plus500
We have actually thoroughly investigated the expenses for this review, and we have not found any annoying concealed expenses. You should ensure that you log in to the platform at least once every 3 months. If you do not do this, expenses for inactivity will be charged. This holds true with the majority of brokers.

Do you have an account with Plus500 and are you not planning to trade for a while? Then it is smart to withdraw the cash from your account.

 

You can inspect all Costs here:

Plus500 is primarily made up 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 means a market spread of 0.6 pips, in this example). Unlike other service providers who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Customer Support Number.

Nevertheless, the following additional charges may be applied:

Overnight Funding – The overnight financing amount is either added to or subtracted from your account when holding a position after a particular time (the “Overnight Financing Time”).
The over night funding time and the everyday overnight financing portion can be found in the “Details” link next to 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 different to the currency of your account.
The Currency Conversion Charge will presently be up to 0.7% of the trade’s understood internet revenue and loss and reflected in real time into the unrealised net revenue and loss of an open position.

Lack of exercise Charge – A charge of as much as USD 10 monthly will be levied, ought to you not visit to your trading account for a duration of at least 3 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 fee will be equal 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 cost sustained in making the service available, even though it has not been utilized. Please note that the cost is only gathered from the Real Money account and just when there are adequate available funds in the account. In order to avoid this fee, simply log into your trading account from time to time, as this is deemed adequate activity to prevent a cost 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 requested rate (price), the trade goes through a larger 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 look at the numerous expenses you pay when you trade with Plus500.

Plus500 Customer Support Number

Software & possibilities
When you begin trading, we comprehend that you naturally also want to utilize a great software package. With Plus500 trading is generally done through the online WebTrader. A fantastic benefit of the WebTrader is the availability: you can log in to the platform at any time and from any place 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 quickly find the CFD in which you wish to trade. New clients will for that reason not need to search wish for purchase & sell buttons on Plus500. Plus500 Customer Support Number.

 

Opening a trade
Opening a trade with Plus500 is rather simple. It is necessary to bear in mind that with Plus500 you always trade in CFDs. With Plus500 you never ever directly sell a share. The only thing that determines your result is the difference between the rate at which you open and close the position.

When you open a position, you have 2 alternatives. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable result with an increasing rate and when you sell the CFD you get a positive outcome with a falling rate. Because you utilize leverage there is a high risk of losing cash rapidly due to utilize.

 

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

 

Kind of orders
With Plus500 you can instantly open an order. When you press purchase or offer you will see the screen below:

In the order screen you can go into the amount you want to trade with. You also have the alternative to automatically open or close the position after a specific cost has been reached. This makes it possible to protect you trades when you need to go out. Plus500 Customer Support Number.

It is likewise possible to put 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 attain even much better trading outcomes.

 

Leverage
With Plus500 you have the option to apply a take advantage of. With a lever you can take a bigger position with the same quantity of cash. Both your possible profit and your prospective loss increase when you use utilize. With each security you can immediately see what the maximum take advantage of is that you can use.

The presence of a leverage is a benefit in the evaluation of Plus500. You can constantly choose to invest with smaller amounts if you wish to decrease your risk.

 

Mobile application
On Plus500 you can also trade with the mobile application they offer. The mobile application is less extensive than the WebTrader. You can carry out less substantial analyses with it. It is beneficial to also set up the mobile application. With the app you can get cautions when the price of a security reaches a specific value.

The mobile application is really easy to use and it is great to adjust your orders when market conditions change significantly. The mobile application is therefore a strong point in our review of the Plus500 platform.

Plus500 Customer Support Number

Trading options at Plus500
In this part of the evaluation we will talk about the different types of securities you can sell with Plus500.

Forex
With Plus500 you can sell CFDs on Forex. When you trade in Forex, you hypothesize on cost changes in currency sets. You can for example place a trade on the development of the euro against the dollar.

Shares
On Plus500 you can also sell a comprehensive variety of CFD shares. The shares are nicely arranged by country, so you can rapidly find a share to trade.

Products
It’s also possible to trade in commodities by utilizing CFDs. The most popular commodity for trading is oil. You can frequently use a maximum leverage of approximately 1:20 to investments in raw materials. When you sell gold you can apply a leverage of 1:20.

Options
On Plus500 you can also trade in CFDs on alternatives. Alternatives typically move strongly: an option can in some cases rise or fall in value by 10s of percent. With CFDs you can use an utilize of approximately 1:20 to alternatives, which further increases your potential gains or losses.

Indices or ETFs
On Plus500 you can likewise 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 likewise trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are really unpredictable and it can therefore be interesting to actively speculate on their rate developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to regulations”). Plus500 Customer Support Number.

Conclusion on the trading options at Plus500
Plus500 has a wide variety of tradable CFD securities. Even reasonably unidentified regional stocks can typically be found on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all countries. My experience with Plus50 has therefore been really favorable.

 

Assistance & research
In this part of the review, we investigate how Plus500 supports traders.

 

Technical analyses
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 suggest price levels where the marketplace frequently moves in the opposing instructions.

You can likewise include technical signs on the graph. The variety of technical signs at Plus500 is massive. You can select from more than 100 various options. It is wise to use technical indications. By utilizing technical indicators, you can perform better analyses.

The technical analysis options within the Plus500 software are comprehensive. It is troublesome that you can not save numerous graphs. This indicates that you need to duplicate the examines regularly. Expert financiers 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 alternatives are completely missing. There are no courses or webinars readily available at Plus500. This is a disadvantage for individuals 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 interesting advancements take place. When the price of, for instance, oil falls greatly, you will get a notification of this event. You can then decide on your own whether you want to take a position on the marketplace development. Plus500 Customer Support Number.

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 and education in our opinion.

 

Customer service
Plus500 has a comprehensive and fast customer support that is readily available in more than 30 languages. Your problems can be fixed rapidly in your language.

It is recommended to contact customer 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 fixed almost immediately.

It is likewise possible to email Plus500. Mails are frequently answered within a day. It is a pity that no phone number is offered. This makes it impossible to speak directly to somebody. Due to the quick processing time, Plus500 still ratings sufficiently in terms of client service. Plus500 Customer Support Number.

 

Security & reliability
Before you transfer money with a business, you naturally need to know that it is completely protected to do so. In this part of the review, we look at how trusted Plus500 is.

Guideline
Supervisors ensure that brokers adhere to the rules. Plus500 is monitored by:

• Plus500UK Ltd licensed & managed by the FCA (# 509909).
• Plus500CY Ltd authorized & 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), licensed 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 nationality, you delight in extra defense if Plus500 goes bankrupt. This is done through a so-called financier protection fund. All customer funds are kept in a segregated client savings 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 speculate with customers’ money. All funds are stored in a separate bank account, which means that this money is secure when unexpected things occur with Plus500. And last but not least, on Plus500 you are secured versus an unfavorable balance, since he Unfavorable balance protection is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never ever be entrusted to a recurring financial obligation. Plus500 Customer Support Number.

 

Conclusion reliability
Plus500 is 100% no fraud. Plus500 securely manages consumer properties. The business is also supervised. Plus500 has actually been around because 2008 and is even noted on the London stock exchange. These are all great signs that Plus500 is dependable and we have actually pertained to that conclusion ourselves.

Plus500 Customer Support Number

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 clients in 2019. Plus500 executed over 35 million transactions with a worth of over $1,000 billion in one year. The head office of the company can be discovered in Israel, but they have actually opened numerous additional offices in other countries. Do you would like to know more about the Plus500 business? In this post you will find everything you need to understand!

Conclusion review Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by using the user-friendly software application. On Plus500 you can trade at low rates. You likewise have the opportunity to react to changing market conditions by putting orders on both rising and falling rates. Plus500 Customer Support Number.

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