Plus500 Review: our experience with this broker
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument accessibility subject to policies), Forex and stocks. In this comprehensive review, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can respond to the latest market developments at low rates. Plus500 Demo Download.

Plus500 Demo Download

Benefit Plus500

• At Plus500 you can hypothesize on cost developments at low rates.
• You can trade in a substantial variety of CFD shares.
• It is possible to try Plus500 for free with a demo.
• On Plus500 you can utilize the user-friendly web trader.
• Plus500 provides its services in more than 30 various languages.
• On Plus500 you can start trading from $100. Plus500 Demo Download.

 

Disadvantages Plus500

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

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

Plus500 Demo Download

We go over the following subjects in the Plus500 evaluation:

• Open account: how can you open an account with Plus500?
• Deposit cash: 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?
• Support: what assistance do you receive when trading?
• Client service: what is the quality of the costumer service? (costumer-service).
• Dependability: Is this broker reliable? (dependability).
• Details: more info about Plus500 (information).
• Conclusion: the verdict of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you need to initially go to the Plus500 website. Click on this link * to open the Plus500 site. To create a complimentary demo account, you simply need 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 details, you can immediately start trading. Plus500 Demo Download.

Plus500 accepts customers from most nations. Nevertheless, there are also citizenships 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 for that reason provide Plus500 a positive ranking for opening an account. Plus500 Demo Download.

 

Deposit & withdraw money
When you have actually 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 money into your account by using one of these techniques:

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

Prior to your deposit can be processed, you must validate your identity. Plus500 should abide by legislation and can just receive confirmed consumers. By verifying brand-new costumers, Plus500 prevents customers from using the represent money laundering.

We’ve gone through the whole process and uploaded the needed documents. Our account was authorized and released by Plus500 within an hour. After confirming the identity of your account, you do not have to do it once again. The length of this process depends upon your personal situation and can be different for each costumer.

 

Withdraw money
You can withdraw the money into your account at any time. You can do this by transferring the cash 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 Demo Download.

 

On Plus500 there are no extra costs for transferring and withdrawing money. This is a big benefit of the broker Plus500: numerous other brokers charge a small cost for withdrawing cash. Traders can take advantage of approximately 5 totally free withdrawals a month, after which a fee will be sustained.

Plus500 Demo Download

Evaluation of the expenses of Plus500
When you start trading with Plus500, you obviously do not desire a big part of your money to be lost to high transaction expenses. In this part of the review, we take a detailed take a look at the fees of trading with Plus500. Below we briefly analyze which costs Plus500 passes on to its consumers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the difference in between the buy and sell cost of a CFD. Plus500 offers 2 spread systems for its instruments: Dynamic spread which is constantly changed according to the market spread out during the duration a position is open vs. a Spread which does not usually alter in line with basic market changes while a position is open, however when the marketplace is unpredictable and illiquid, may change to a brand-new level so that the underlying market conditions are much better reflected. Nevertheless, Plus500 intends to provide the tightest possible spreads at all times. Plus500 Demo Download.

 

Forex expenses on Plus500
On Plus500 you can sell various currency sets. At the time of composing, you are paying 0.6 pips in transaction costs on the pair of EUR/ USD. We compared these costs with those of other service providers and concluded that these costs are comparable to those of other brokers. (We have actually drawn out these information 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 composing while at eToro you pay more than $50 per contract. Trading cryptocurrencies is therefore reasonably useful at Plus500. (We have actually drawn out these data on the 2th of June 14:00.).

 

Share costs on Plus500
At Plus500 you can likewise 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 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.).

 

Financing costs at Plus500
With Plus500 you have the alternative to trade on margin. Since you can trade on margin, you do not have 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 overnight funding offer costs. In some cases, you actually get a premium for brief positions. We compared Plus500 with other parties for this evaluation and the funding expenses were reasonably low. Still, it is very important to bear in mind that Plus500 is not really suitable for long-term trading because of the funding costs you need to pay daily. Plus500 Demo Download.

 

Other expenses on Plus500
We have thoroughly examined the expenses for this review, and we have not found any bothersome concealed costs. However, you should guarantee that you log in to the platform at least as soon as every 3 months. If you don’t 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 money from your account.

 

You can check all Costs here:

Plus500 is primarily made up 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 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 Demo Download.

The following extra fees might be used:

Overnight Financing – The over night funding amount is either added to or subtracted from your account when holding a position after a particular time (the “Overnight Financing Time”).
The overnight funding time and the everyday overnight funding portion can be discovered in the “Particulars” link beside the instrument’s name on the primary screen of the platform.

Currency Conversion Cost – Plus500 will charge a Currency Conversion Fee 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 realised web revenue and loss and reflected in real time into the unrealised net profit and loss of an open position.

Lack of exercise Fee – A charge of as much as USD 10 each month will be imposed, ought to you not visit to your trading account for a duration of at least three months. This cost will be charged as soon as a month from that minute onwards, as long as no login is made to the account. The lack of exercise charge will be equal to the lesser of the remaining readily available balance in your account or USD 10 (or comparable depending upon your currency). This is to balance out the cost sustained in making the service readily available, even though it has not been used. Please note that the fee is only collected from the Genuine Money account and only when there are enough offered funds in the account. In order to avoid this fee, simply log into your trading account from time to time, as this is considered sufficient activity to prevent a charge 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 (price), the trade goes through a larger 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 costs on Plus500, we take a closer look at the numerous costs you pay when you trade with Plus500.

Plus500 Demo Download

Software application & possibilities
When you begin trading, we comprehend that you naturally also want to utilize a good software package. With Plus500 trading is generally done through the online WebTrader. A fantastic benefit of the WebTrader is the ease of access: you can visit to the platform at any time and from any location to open or close a position.

What stood out 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 consumers will therefore not have to browse wish for buy & offer buttons on Plus500. Plus500 Demo Download.

 

Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is essential to remember that with Plus500 you always sell CFDs. With Plus500 you never ever straight trade in a share. The only thing that determines your outcome is the difference between the cost 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 purchase the CFD you get a positive outcome with a rising cost and when you offer the CFD you get a favorable outcome with a falling price. Considering that you use take advantage of there is a high risk of losing money rapidly due to leverage.

 

The choice to hypothesize on a decreasing rate is a significant advantage within the Plus500 platform. The alternative to short sell increases your versatility and makes it possible to respond to various market situations.

 

Type of orders
With Plus500 you can immediately open an order. When you press buy or offer you will see the screen below:

In the order screen you can get in the quantity you wish to trade with. You likewise have the alternative to automatically open or close the position after a certain cost has been reached. This makes it possible to protect you trades when you have to go out. Plus500 Demo Download.

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

 

Take advantage of
With Plus500 you have the alternative to use a leverage. With a lever you can take a bigger position with the very same amount of money. Both your prospective earnings and your possible loss boost when you use take advantage of. With each security you can instantly see what the maximum leverage is that you can apply.

The existence of a take advantage of is a benefit in the evaluation of Plus500. You can constantly decide to invest with smaller sized amounts if you wish to decrease your risk.

 

Mobile application
On Plus500 you can likewise trade with the mobile application they use. The mobile application is less extensive than the WebTrader. You can carry out less substantial analyses with it. It is helpful to also install the mobile application. With the app you can get warnings when the price of a security reaches a particular worth.

The mobile application is really user-friendly and it is great to adjust your orders when market conditions change considerably. The mobile application is for that reason a strength in our evaluation of the Plus500 platform.

Plus500 Demo Download

Trading alternatives at Plus500
In this part of the evaluation we will discuss the various kinds of securities you can sell with Plus500.

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

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

Products
It’s likewise possible to trade in products by using CFDs. The most popular product for trading is oil. You can typically apply a maximum leverage of up to 1:20 to investments in basic materials. When you trade in gold you can use a leverage of 1:20.

Options
On Plus500 you can also trade in CFDs on alternatives. Choices frequently move strongly: an alternative can often rise or fall in worth by 10s of percent. With CFDs you can use a leverage of up to 1:20 to choices, which even more increases your potential gains or losses.

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

Cryptocurrencies
At Plus500 you can also trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are really volatile and it can therefore be interesting to actively speculate on their rate advancements. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to policies”). Plus500 Demo Download.

Conclusion on the trading options at Plus500
Plus500 has a vast array 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 for that reason been very favorable.

 

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

 

Technical analyses
At Plus500 you can carry out technical analyses on the charts. Within the software you can use various drawing options. You can draw horizontal levels to show price levels where the market frequently moves in the opposing direction.

You can likewise add technical signs on the chart. The series of technical indicators at Plus500 is huge. You can select from more than 100 various alternatives. It is wise to utilize technical indicators. By utilizing technical indicators, you can perform much better analyses.

The technical analysis alternatives within the Plus500 software application are comprehensive. It is inconvenient that you can not save several graphs. This implies that you have to duplicate the evaluates routinely. Expert investors would have to download other programs to perform more complex analyses.

 

Research study and education
In this evaluation we can be fast about the possibilities of research study and education: at Plus500 these options are totally missing out on. There are no courses or webinars offered at Plus500. This is a disadvantage for individuals who join Plus500 to discover how to trade better.

It is useful that you get an alert within the Plus500 software when interesting advancements happen. When the rate of, for example, oil falls sharply, you will get a notice of this event. You can then choose on your own whether you want to take a position on the marketplace development. Plus500 Demo Download.

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 buyers or sellers. Other basic data is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.

 

Client service
Plus500 has a thorough and fast customer care that is available in more than 30 languages. Your problems can be resolved quickly in your language.

It is recommended to call customer support via live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be resolved practically right away.

It is also possible to email Plus500. Mails are frequently answered within a day. It is a pity that no telephone number is readily available. This makes it difficult to speak straight to somebody. Due to the quick processing time, Plus500 still scores sufficiently in terms of customer support. Plus500 Demo Download.

 

Security & dependability
Before you deposit cash with a company, you naturally would like to know that it is entirely safe and secure to do so. In this part of the review, we look at how trustworthy Plus500 is.

Guideline
Supervisors guarantee that brokers stick to the guidelines. Plus500 is supervised by:

• Plus500UK Ltd licensed & regulated 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), licensed by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized financial company in South Africa, FSP # 47546.

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

Plus500 has actually likewise set numerous additional guidelines to ensure that your cash is as safe as possible on Plus500. Listed below you can discover an overview of these measurements:

Plus500 will never speculate with clients’ money. All funds are saved in a separate checking account, which indicates that this money is secure when unexpected things occur with Plus500. And last but not least, 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 residual debt. Plus500 Demo Download.

 

Conclusion reliability
Plus500 is 100% no scam. Plus500 firmly manages customer possessions. The business is also monitored. Plus500 has actually been around since 2008 and is even noted on the London stock exchange. These are all great signs that Plus500 is dependable and we have actually concerned that conclusion ourselves.

Plus500 Demo Download

About the company
Plus500 was founded in 2008 and has grown highly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active consumers in 2019. Plus500 executed over 35 million deals with a value of over $1,000 billion in one year. The head office of the company can be discovered in Israel, however they have opened numerous additional offices in other nations. Do you need to know more about the Plus500 business? In this article you will discover whatever you need to understand!

Conclusion review Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by utilizing the easy to use software application. On Plus500 you can trade at low rates. You likewise have the chance to respond to changing market conditions by placing orders on both rising and falling prices. Plus500 Demo Download.

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