[Revealed] – Plus500 Frequently Asked Questions

Plus500 Review: our experience with this broker
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to guidelines), Forex and stocks. In this extensive review, we share our experiences with this broker. In our test, Plus500 emerged as an user-friendly broker where you can respond to the latest market advancements at low rates. Plus500 Frequently Asked Questions.

Plus500 Frequently Asked Questions

Benefit Plus500

  • At Plus500 you can hypothesize on price developments at low rates.
  • You can trade in a substantial series of CFD shares.
  • It is possible to try Plus500 totally 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 Frequently Asked Questions.

 

Disadvantages Plus500

  • Plus500 does not provide advanced software for professional traders.
  • You can not find substantial analyses within the platform.
  • Plus500 customer care 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 entirely free of charge and without danger? Utilize the button listed below to open a demonstration account with this broker:

Plus500 Frequently Asked Questions

We discuss 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 money?
  • Costs: just how much does trading expense on Plus500?
  • Functionalities: what are the possibilities of the software?
  • Trading options: in what securities you trade on Plus500?
  • Support: what support do you receive when trading?
  • Costumer service: what is the quality of the costumer service? (costumer-service).
  • Dependability: Is this broker reliable? (dependability).
  • Information: 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 website. Click here * to open the Plus500 website. To develop a free demonstration account, you just need 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 information, you can immediately start trading. Plus500 Frequently Asked Questions.

Plus500 Frequently Asked Questions

Plus500 accepts customers from many 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 therefore provide Plus500 a positive rating for opening an account. Plus500 Frequently Asked Questions.

 

Deposit & withdraw cash
When you have become knowledgeable about the Plus500 platform, you can change to a real money 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 must verify your identity. Plus500 must comply with legislation and can just receive verified customers. By confirming new costumers, Plus500 prevents costumers from using the account for cash laundering.

Plus500 Frequently Asked Questions

We’ve gone through the whole procedure and published the needed documents. Our account was authorized and released by Plus500 within an hour. After verifying the identity of your account, you don’t have to do it again. The length of this process depends upon your personal scenario and can be various for each client.

 

Withdraw money
You can withdraw the money into your account at any time. You can do this by transferring the money to your bank account or PayPal account. The transfer is made quickly and the money will be in your account within a couple of days. Plus500 Frequently Asked Questions.

Plus500 Frequently Asked Questions

 

On Plus500 there are no extra expenses for transferring and withdrawing money. This is a big advantage of the broker Plus500: many other brokers charge a little charge for withdrawing cash. Traders can make the most of approximately 5 totally free withdrawals a month, after which a charge will be sustained.

Plus500 Frequently Asked Questions

Review of the costs of Plus500
When you begin trading with Plus500, you clearly do not want a large part of your cash to be lost to high deal expenses. In this part of the review, we take an in-depth look at the charges of trading with Plus500. Below we quickly take a look at which costs Plus500 hands down to its customers.

 

Spread
With Plus500 you pay a spread over every deal. The spread is the distinction 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 marketplace spread during the period a position is open vs. a Spread which does not normally change in line with general market fluctuations while a position is open, however when the marketplace is unstable and illiquid, might change to a brand-new level so that the underlying market conditions are much better reflected. Plus500 aims to supply the tightest possible spreads at all times. Plus500 Frequently Asked Questions.

 

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 transaction fees on the pair of EUR/ USD. We compared these costs with those of other providers and concluded that these expenses are comparable to those of other brokers. (We have drawn out these information on the 2th of June 14:00.).

 

Cryptocurrency expenses on Plus500
On Plus500 you can likewise sell cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade versus relatively advantageously fees 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 contract. Trading cryptocurrencies is for that reason relatively helpful at Plus500. (We have extracted these data on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can also sell shares by using CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which corresponds to 0.12% of the overall value. Trading CFD Tesla shares is therefore possible at a low cost. (Please keep in mind that this is a photo 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 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 sell expenses. In some cases, you really receive a premium for brief positions. We compared Plus500 with other parties for this review and the financing expenses were relatively low. Still, it is essential to remember that Plus500 is not very ideal for long-term trading because of the financing costs you need to pay daily. Plus500 Frequently Asked Questions.

 

Other expenses on Plus500
We have extensively examined the costs for this evaluation, and we have not discovered any irritating hidden costs. You need to guarantee that you log in to the platform at least once every three months. If you do not 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 sensible to withdraw the money from your account.

 

You can inspect all Costs here:

Plus500 is mainly 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 suggests 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 Frequently Asked Questions.

However, the following extra fees 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 Financing Time”).
The over night funding time and the everyday over night funding percentage can be discovered in the “Details” link beside the instrument’s name on the primary screen of the platform.

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

Inactivity Cost – A cost of up to USD 10 each month will be levied, should you not visit to your trading represent a period of a minimum of three months. This charge will be charged when a month from that minute onwards, as long as no login is made to the account. The inactivity charge will be equal to the lower of the remaining offered balance in your account or USD 10 (or equivalent depending on your currency). This is to offset the cost incurred in making the service offered, even though it has actually not been used. However, please note that the fee is only collected from the Genuine Cash account and only when there suffice available funds in the account. In order to avoid this fee, just log into your trading account from time to time, as this is deemed enough activity to prevent a fee from being charged.

Surefire Stop Order – if you pick this feature, please note that as it guarantees that your position (trade) closes at a specific requested rate (price), the trade goes through a wider spread.

 

Conclusion Plus500 costs
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 short article about the expenses on Plus500, we take a closer look at the different costs you pay when you trade with Plus500.

Plus500 Frequently Asked Questions

Software & possibilities
When you start trading, we understand that you naturally likewise want to use a good software package. With Plus500 trading is mainly done through the online WebTrader. An excellent advantage 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 stuck out in our evaluation 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 customers will therefore not need to search long for buy & sell buttons on Plus500. Plus500 Frequently Asked Questions.

 

Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is essential to keep in mind that with Plus500 you always trade in CFDs. With Plus500 you never ever directly trade in a share. The only thing that determines your result is the difference between the price 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 purchase the CFD you get a positive result with a rising cost and when you sell the CFD you get a positive result with a falling cost. Since you utilize leverage there is a high danger of losing cash quickly due to utilize.

 

The alternative to hypothesize on a decreasing price is a significant advantage within the Plus500 platform. The alternative to short sell increases your versatility and makes it possible to react to various market circumstances.

 

Type of orders
With Plus500 you can right away open an order. When you push buy or sell you will see the screen listed below:

Plus500 Frequently Asked Questions

In the order screen you can get in the amount you want to trade with. You also have the choice to instantly open or close the position after a particular rate has been reached. This makes it possible to secure you trades when you need to go out. Plus500 Frequently Asked Questions.

It is also possible to position an order with Plus500. You do this by going into a rate at which you automatically open the CFD position. By utilizing orders, you can accomplish even better trading results.

Plus500 Frequently Asked Questions

 

Take advantage of
With Plus500 you have the option to apply an utilize. With a lever you can take a larger position with the exact same quantity of money. Both your possible earnings and your prospective loss boost when you use utilize. With each security you can right away see what the optimum leverage is that you can use.

The existence of a take advantage of is an advantage in the evaluation of Plus500. You can always decide to invest with smaller amounts if you want to reduce your danger.

 

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 comprehensive analyses with it. It is beneficial to likewise install the mobile application. With the app you can receive cautions when the rate of a security reaches a certain worth.

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

Plus500 Frequently Asked Questions

Trading options at Plus500
In this part of the evaluation we will discuss the various types of securities you can trade in with Plus500.

Forex
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you speculate on cost modifications in currency pairs. You can for instance location a trade on the advancement of the euro versus the dollar.

Shares
On Plus500 you can likewise trade in a comprehensive variety of CFD shares. The shares are nicely sorted by country, so you can rapidly discover a share to trade.

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

Options
On Plus500 you can likewise trade in CFDs on alternatives. Options often move highly: an alternative can in some cases increase or fall in value by 10s of percent. With CFDs you can apply an utilize of up to 1:20 to options, which further increases your potential gains or losses.

Indices or ETFs
On Plus500 you can also sell CFDs on widely 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 volatile and it can for that reason be interesting to actively hypothesize on their rate advancements. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument accessibility subject to guidelines”). Plus500 Frequently Asked Questions.


Conclusion on the trading options at Plus500

Plus500 has a wide range of tradable CFD securities. Even relatively unidentified local stocks can frequently be discovered on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all nations. My experience with Plus50 has for that reason been extremely favorable.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the charts. Within the software you can use different illustration options. You can draw horizontal levels to show price levels where the market typically moves in the opposing instructions.

Plus500 Frequently Asked Questions

You can also add technical signs on the chart. The variety of technical indications at Plus500 is massive. You can choose from more than 100 various options. It is wise to utilize technical indicators. By using technical indicators, you can execute much better analyses.

Plus500 Frequently Asked Questions

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

 

Research study and education
In this evaluation we can be quick about the possibilities of research and education: at Plus500 these alternatives are entirely missing out on. There are no courses or webinars offered at Plus500. This is a drawback for people who join Plus500 to discover how to trade much better.

It works that you get a notification within the Plus500 software application when intriguing advancements take place. When the cost of, for instance, oil falls dramatically, you will get a notice of this occasion. You can then decide on your own whether you wish to take a position on the marketplace development. Plus500 Frequently Asked Questions.

Within the Plus500 software you can likewise 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 with Plus500 platform. Plus500 does not score well in the field of research study and education in our viewpoint.

 

Customer care
Plus500 has a comprehensive and quick client service that is readily available in more than 30 languages. Your issues can be solved rapidly in your language.

It is recommended to call client service via live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be fixed nearly immediately.

It is also possible to email Plus500. Mails are frequently answered within a day. It is a pity that no telephone number is offered. This makes it impossible to speak directly to somebody. Due to the quick processing time, Plus500 still ratings adequately in terms of customer service. Plus500 Frequently Asked Questions.

Plus500 Frequently Asked Questions

 

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

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

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

Security of your deposits
Depending upon your nationality, you enjoy extra protection if Plus500 declares bankruptcy. This is done through a so-called investor security fund. All client funds are kept in a segregated customer checking account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has actually likewise set numerous additional rules to guarantee that your money is as safe and secure as possible on Plus500. Below you can find a summary of these measurements:

Plus500 Frequently Asked Questions

Plus500 will never ever speculate with clients’ money. All funds are saved in a separate checking account, which implies that this money is protected when unanticipated things occur with Plus500. And finally, on Plus500 you are protected versus a negative balance, because he Unfavorable balance security is a regulative requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a residual financial obligation. Plus500 Frequently Asked Questions.

 

Conclusion reliability
Plus500 is 100% no rip-off. Plus500 securely handles client assets. The company is also supervised. Plus500 has actually been around given that 2008 and is even listed on the London stock market. These are all excellent indications that Plus500 is dependable and we have come to that conclusion ourselves.

Plus500 Frequently Asked Questions

About the business
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 consumers in 2019. Plus500 performed over 35 million deals with a value of over $1,000 billion in one year. The headquarters of the business can be discovered in Israel, but they have actually opened a number of additional offices in other nations. Do you need to know more about the Plus500 business? In this article you will discover whatever you require to understand!

Plus500 Frequently Asked Questions

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 using the easy to use software. On Plus500 you can trade at low rates. You likewise have the opportunity to react to altering market conditions by placing orders on both fluctuating costs. Plus500 Frequently Asked Questions.

Do you want to find how Plus500 works? Immediately open a free demo-account by pushing the button below: