[Revealed] – Plus500 Investors Chronicle

Plus500 Evaluation: 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 emerged as an easy to use broker where you can react to the most recent market developments at low rates. Plus500 Investors Chronicle.

Plus500 Investors Chronicle

Benefit Plus500

  • At Plus500 you can hypothesize on price advancements at low rates.
  • You can sell an extensive series of CFD shares.
  • It is possible to attempt Plus500 totally free with a demonstration.
  • On Plus500 you can use the user-friendly web trader.
  • Plus500 uses its services in more than 30 various languages.
  • On Plus500 you can begin trading from $100. Plus500 Investors Chronicle.

 

Drawbacks Plus500

  • Plus500 does not provide advanced software for expert traders.
  • You can not find substantial analyses within the platform.
  • Plus500 client service is not offered by phone.
  • On Plus500 you can only sell CFDs.

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

Plus500 Investors Chronicle

We discuss the following topics in the Plus500 evaluation:

  • Open account: how can you open an account with Plus500?
  • Deposit money: how can you deposit and withdraw cash?
  • Costs: how much does trading cost on Plus500?
  • Performances: what are the possibilities of the software application?
  • 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 reputable? (reliability).
  • Details: more information about Plus500 (details).
  • Conclusion: the decision of the Plus500 review (conclusion).

 

Opening an account with Plus500
To do this you need to first check out the Plus500 site. Click on this link * to open the Plus500 site. To produce a free demonstration account, you simply need to choose an e-mail address and a password. It is likewise possible to log in with your Facebook or Google account. After you have left this information, you can right away start trading. Plus500 Investors Chronicle.

Plus500 Investors Chronicle

Plus500 accepts customers from the majority of nations. However, there are likewise nationalities that are not admitted 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 offer Plus500 a favorable score for opening an account. Plus500 Investors Chronicle.

 

Deposit & withdraw cash
When you have ended up being familiar with the Plus500 platform, you can change to a genuine cash account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by using among these methods:

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

Prior to your deposit can be processed, you should verify your identity. Plus500 needs to comply with legislation and can only get verified consumers. By confirming new costumers, Plus500 avoids costumers from utilizing the represent cash laundering.

Plus500 Investors Chronicle

We’ve gone through the whole procedure and uploaded the needed files. Our account was approved and launched by Plus500 within an hour. After validating the identity of your account, you don’t have to do it again. The length of this procedure depends upon your personal circumstance and can be different for each customer.

 

Withdraw cash
You can withdraw the money into your account at any time. You can do this by transferring the cash to your savings account or PayPal account. The transfer is made rapidly and the cash will remain in your account within a few days. Plus500 Investors Chronicle.

Plus500 Investors Chronicle

 

On Plus500 there are no additional expenses for depositing and withdrawing cash. This is a big advantage of the broker Plus500: numerous other brokers charge a small cost for withdrawing money. Traders can benefit from approximately 5 totally free withdrawals a month, after which a charge will be incurred.

Plus500 Investors Chronicle

Evaluation of the costs of Plus500
When you start trading with Plus500, you undoubtedly do not desire a big part of your money to be lost to high deal costs. In this part of the evaluation, we take a detailed take a look at the fees of trading with Plus500. Listed below we quickly analyze which costs Plus500 hands down to its consumers.

 

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 offers two spread mechanisms for its instruments: Dynamic spread which is continuously changed according to the market spread out during the duration a position is open vs. a Spread which does not generally change in line with general market changes while a position is open, but when the marketplace is unstable and illiquid, may change to a brand-new level so that the underlying market conditions are better reflected. Plus500 intends to offer the tightest possible spreads at all times. Plus500 Investors Chronicle.

 

Forex costs on Plus500
On Plus500 you can trade in different currency sets. At the time of writing, you are paying 0.6 pips in deal charges on the pair of EUR/ USD. We compared these costs with those of other service providers and concluded that these expenses 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 also trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against reasonably advantageously charges 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 for that reason relatively beneficial 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 using CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which equates to 0.12% of the overall worth. Trading CFD Tesla shares is for that reason 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. Since you can trade on margin, you do not have 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 over night financing buy and the over night funding offer costs. Sometimes, you actually receive a premium for brief positions. We compared Plus500 with other parties for this review and the financing expenses were fairly low. Still, it is very important to bear in mind that Plus500 is not really appropriate for long-term trading because of the financing fees you have to pay on a daily basis. Plus500 Investors Chronicle.

 

Other costs on Plus500
We have extensively investigated the expenses for this evaluation, and we have actually not discovered any annoying concealed expenses. You need to ensure that you log in to the platform at least as soon as every three months. If you don’t do this, costs for inactivity will be charged. This is the case with most brokers.

Do you have an account with Plus500 and are you not planning to trade for a while? 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 suggests a market spread of 0.6 pips, in this example). Unlike other provider who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Investors Chronicle.

However, the following extra costs may be used:

Overnight Financing – The over night financing quantity 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 daily overnight financing percentage can be found in the “Details” 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 various to the currency of your account.
The Currency Conversion Charge will presently depend on 0.7% of the trade’s realised net earnings and loss and reflected in real time into the unrealised net profit and loss of an open position.

Lack of exercise Fee – A fee of up to USD 10 monthly will be levied, ought to you not visit to your trading account for a duration of a minimum of three months. This charge will be charged once a month from that minute onwards, as long as no login is made to the account. The inactivity cost will be equal to the lesser of the staying readily available balance in your account or USD 10 (or equivalent depending on your currency). This is to offset the cost sustained in making the service available, even though it has not been utilized. Please note that the charge is just collected from the Genuine Money account and only when there are adequate offered funds in the account. In order to avoid this fee, merely log into your trading account from time to time, as this is considered sufficient 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 (cost), the trade is subject to a wider 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 short article about the expenses on Plus500, we take a closer look at the various costs you pay when you trade with Plus500.

Plus500 Investors Chronicle

Software application & possibilities
When you begin trading, we comprehend that you obviously likewise want to utilize an excellent software package. With Plus500 trading is mainly done via the online WebTrader. An excellent benefit of the WebTrader is the availability: you can log in 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 find the CFD in which you wish to trade. New clients will therefore not have to browse long for purchase & sell buttons on Plus500. Plus500 Investors Chronicle.

 

Opening a trade
Opening a trade with Plus500 is rather straightforward. It is important to remember that with Plus500 you always trade in CFDs. With Plus500 you never directly sell a share. The only thing that identifies your result is the distinction between the price at which you open and close the position.

When you open a position, you have 2 alternatives. You can buy the CFD or you can go short on the CFD. When you buy the CFD you get a positive result with a rising price and when you sell the CFD you get a favorable outcome with a falling price. Since you utilize utilize there is a high threat of losing money quickly due to take advantage of.

 

The option to hypothesize on a declining rate is a significant benefit within the Plus500 platform. The option to short sell increases your flexibility and makes it possible to respond 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:

Plus500 Investors Chronicle

In the order screen you can enter the amount you want to trade with. You likewise have the choice to instantly open or close the position after a certain cost has actually been reached. This makes it possible to protect you trades when you need to go out. Plus500 Investors Chronicle.

It is also possible to place an order with Plus500. You do this by getting in a cost at which you instantly open the CFD position. By utilizing orders, you can accomplish even better trading results.

Plus500 Investors Chronicle

 

Utilize
With Plus500 you have the option to use an utilize. With a lever you can take a larger position with the exact same quantity of money. Both your prospective revenue and your potential loss boost when you use utilize. With each security you can instantly see what the optimum utilize is that you can apply.

The presence of a take advantage of is a benefit in the review of Plus500. You can constantly choose to invest with smaller amounts if you want 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 perform less substantial analyses with it. It is helpful to likewise set up the mobile application. With the app you can receive warnings when the rate of a security reaches a certain worth.

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 evaluation of the Plus500 platform.

Plus500 Investors Chronicle

Trading choices at Plus500
In this part of the review 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 sell Forex, you hypothesize on cost modifications in currency pairs. You can for instance location a trade on the advancement of the euro against the dollar.

Shares
On Plus500 you can likewise trade in a substantial variety of CFD shares. The shares are nicely arranged by nation, so you can quickly find a share to trade.

Products
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 leverage of up to 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 sell CFDs on choices. Options 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 up to 1:20 to options, 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 instance trade in the Dow Jones or NASDAQ index trackers.


Cryptocurrencies

At Plus500 you can likewise trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are really unstable and it can therefore be interesting to actively hypothesize on their rate advancements. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to policies”). Plus500 Investors Chronicle.


Conclusion on the trading alternatives at Plus500

Plus500 has a large range of tradable CFD securities. Even fairly unknown regional stocks can typically be found on the Plus500 platform. This makes Plus500 an appealing broker for investors from all countries. My experience with Plus50 has for that reason been really favorable.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the graphs. Within the software application you can utilize different drawing alternatives. You can draw horizontal levels to indicate price levels where the market frequently relocates the opposing instructions.

Plus500 Investors Chronicle

You can likewise add technical signs on the graph. The series of technical indications at Plus500 is huge. You can choose from more than 100 different alternatives. It is smart to use technical signs. By utilizing technical signs, you can execute better analyses.

Plus500 Investors Chronicle

The technical analysis options within the Plus500 software are substantial. It is inconvenient that you can not conserve several charts. This implies that you need to repeat the evaluates regularly. Expert investors would have to download other programs to perform more complex analyses.

 

Research 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 available at Plus500. This is a disadvantage for individuals who join Plus500 to find out how to trade much better.

It works that you receive a notice within the Plus500 software application when intriguing developments happen. When the rate of, for instance, oil falls dramatically, you will receive a notice of this event. You can then choose for yourself whether you want to take a position on the market advancement. Plus500 Investors Chronicle.

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 purchasers or sellers. Other fundamental data is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.

 

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

It is recommended to get in touch with customer care through live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be solved practically instantly.

It is also possible to email Plus500. Mails are frequently answered within a day. It is a pity that no telephone number is available. This makes it impossible to speak straight to somebody. Due to the quick processing time, Plus500 still scores adequately in terms of client service. Plus500 Investors Chronicle.

Plus500 Investors Chronicle

 

Security & dependability
Prior to you deposit money with a business, you naturally would like to know that it is totally safe and secure to do so. In this part of the evaluation, we look at how trustworthy Plus500 is.

Policy
Supervisors make sure that brokers stick to the guidelines. Plus500 is supervised by:

  • Plus500UK Ltd authorized & regulated by the FCA (# 509909).
  • Plus500CY Ltd authorized & controlled 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 monetary service provider in South Africa, FSP # 47546.

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

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

Plus500 Investors Chronicle

Plus500 will never speculate with customers’ money. All funds are stored in a different savings account, which implies that this cash is secure when unexpected things happen with Plus500. And lastly, on Plus500 you are protected against an unfavorable balance, since he Negative balance defense is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a recurring debt. Plus500 Investors Chronicle.

 

Conclusion reliability
Plus500 is 100% no rip-off. Plus500 safely handles customer possessions. The company is likewise supervised. Plus500 has been around because 2008 and is even listed on the London stock market. These are all good indications that Plus500 is dependable and we have actually pertained to that conclusion ourselves.

Plus500 Investors Chronicle

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

Plus500 Investors Chronicle

Conclusion review Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by using the user-friendly software. On Plus500 you can trade at low rates. You likewise have the chance to respond to altering market conditions by placing orders on both fluctuating prices. Plus500 Investors Chronicle.

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