Plus500 Review: our experience with this broker
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument schedule subject to guidelines), 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 latest market advancements at low rates. Plus500 Partnerprogramm.
- At Plus500 you can hypothesize on cost developments at low rates.
- You can trade in an extensive series of CFD shares.
- It is possible to attempt 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 various languages.
- On Plus500 you can start trading from $100. Plus500 Partnerprogramm.
- Plus500 does not offer innovative software application for expert traders.
- You can not find substantial analyses within the platform.
- Plus500 client service is not available by phone.
- On Plus500 you can just sell CFDs.
Would you like to try the possibilities at Plus500 with a demonstration completely free of charge and without risk? Utilize the button below to open a demo account with this broker:
We talk about the following topics in the Plus500 review:
- Open account: how can you open an account with Plus500?
- Deposit cash: how can you transfer and withdraw money?
- 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).
- Reliability: Is this broker reliable? (dependability).
- Details: more information about Plus500 (details).
- Conclusion: the decision of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you should initially go to the Plus500 site. Click on this link * to open the Plus500 website. To develop a totally free demonstration account, you simply need to select an email address and a password. It is also possible to visit with your Facebook or Google account. After you have actually left this information, you can right away begin trading. Plus500 Partnerprogramm.
Plus500 accepts clients from many nations. However, there are likewise citizenships that are not admitted 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 evaluation, we for that reason offer Plus500 a positive ranking for opening an account. Plus500 Partnerprogramm.
Deposit & withdraw money
When you have actually ended up being knowledgeable about the Plus500 platform, you can switch 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 methods:
- Bank transfer.
Before your deposit can be processed, you must verify your identity. Plus500 needs to adhere to legislation and can just get confirmed clients. By verifying brand-new customers, Plus500 avoids clients from utilizing the represent cash laundering.
We have actually gone through the entire process and submitted 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 upon your personal circumstance and can be different for each client.
You can withdraw the cash into your account at any time. You can do this by moving the money to your bank account or PayPal account. The transfer is made rapidly and the money will remain in your account within a few days. Plus500 Partnerprogramm.
On Plus500 there are no extra costs for depositing and withdrawing cash. This is a huge advantage of the broker Plus500: many other brokers charge a little charge for withdrawing cash. Traders can make the most of approximately 5 free withdrawals a month, after which a cost will be sustained.
Evaluation of the expenses of Plus500
When you begin trading with Plus500, you obviously do not want a large part of your cash to be lost to high transaction costs. In this part of the evaluation, we take a detailed take a look at the costs of trading with Plus500. Below we quickly analyze which costs Plus500 passes on to its clients.
With Plus500 you pay a spread over every deal. The spread is the distinction in between the buy and sell cost of a CFD. Plus500 provides two spread systems for its instruments: Dynamic spread which is continuously adjusted according to the market spread during the duration a position is open vs. a Spread which does not usually alter in line with basic market fluctuations while a position is open, however when the marketplace is volatile and illiquid, may change to a brand-new level so that the underlying market conditions are better shown. Nonetheless, Plus500 aims to supply the tightest possible spreads at all times. Plus500 Partnerprogramm.
Forex costs on Plus500
On Plus500 you can sell different currency sets. At the time of composing, you are paying 0.6 pips in transaction fees on the pair of EUR/ USD. We compared these costs with those of other companies 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 likewise trade in cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade versus relatively 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 contract. Trading cryptocurrencies is therefore reasonably useful at Plus500. (We have actually extracted these information on the 2th of June 14:00.).
Share costs on Plus500
At Plus500 you can likewise sell shares by utilizing CFDs. As an example: For the CFD share Tesla you presently pay a spread of $ 0.95, which corresponds to 0.12% of the total 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.).
Financing expenses at Plus500
With Plus500 you have the choice to trade on margin. Because you can trade on margin, you do not have to put in the full amount of the trading position yourself. However, you do need to pay a premium for this.
With each security you will see the over night financing buy and the over night funding sell expenses. In some cases, you really get a premium for brief positions. We compared Plus500 with other parties for this evaluation and the funding expenses were relatively low. Still, it is necessary to bear in mind that Plus500 is not extremely appropriate for long-lasting trading because of the funding costs you have to pay daily. Plus500 Partnerprogramm.
Other costs on Plus500
We have thoroughly investigated the expenses for this evaluation, and we have actually not found any annoying concealed costs. You need to ensure 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 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 a good idea to withdraw the cash from your account.
You can check all Charges 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 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 Partnerprogramm.
However, the following additional charges may be applied:
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 overnight funding time and the everyday over night financing percentage can be discovered in the “Particulars” link next to the instrument’s name on the main screen of the platform.
Currency Conversion Fee – 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 Cost will presently depend on 0.7% of the trade’s understood internet 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 approximately USD 10 monthly will be imposed, ought to you not log in to your trading account for a period of at least three months. This fee will be charged when a month from that minute onwards, as long as no login is made to the account. The inactivity fee will amount to the lower of the remaining readily available balance in your account or USD 10 (or comparable depending on your currency). This is to balance out the expense incurred in making the service offered, even though it has actually not been utilized. However, please note that the charge is only gathered from the Real Money account and just when there suffice available funds in the account. In order to avoid this cost, just log into your trading account from time to time, as this is deemed sufficient activity to prevent a cost from being charged.
Guaranteed Stop Order – if you choose this feature, please note that as it ensures that your position (trade) closes at a specific requested rate (price), the trade is subject to a broader spread.
Conclusion Plus500 fees
The costs 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 take a look at the various expenses you pay when you trade with Plus500.
Software & possibilities
When you start trading, we understand that you of course likewise want to utilize a great software package. With Plus500 trading is mainly done through the online WebTrader. A fantastic advantage of the WebTrader is the ease of access: 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 quickly find the CFD in which you want to trade. New consumers will for that reason not need to search long for purchase & sell buttons on Plus500. Plus500 Partnerprogramm.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is very important 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 identifies your result is the difference in between the rate 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 buy the CFD you get a positive outcome with an increasing rate and when you offer the CFD you get a favorable outcome with a falling price. Since you utilize leverage there is a high threat of losing cash rapidly due to utilize.
The option to speculate on a declining price is a significant advantage within the Plus500 platform. The choice to short sell increases your versatility and makes it possible to react 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 listed below:
In the order screen you can go into the quantity you want to trade with. You also have the alternative to immediately 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 Partnerprogramm.
It is likewise possible to put an order with Plus500. You do this by going into a price at which you immediately open the CFD position. By using orders, you can attain even much better trading outcomes.
With Plus500 you have the choice to apply a leverage. With a lever you can take a bigger position with the very same amount of money. Both your potential profit and your potential loss boost when you apply take advantage of. With each security you can immediately see what the optimum utilize is that you can apply.
The presence of a leverage is a benefit in the evaluation of Plus500. You can constantly choose to invest with smaller amounts if you want to reduce your danger.
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less substantial than the WebTrader. You can perform less substantial analyses with it. It is helpful to likewise install the mobile application. With the app you can receive cautions when the price of a security reaches a particular value.
The mobile application is extremely user-friendly and it is excellent to adjust your orders when market conditions alter considerably. The mobile application is for that reason a strength in our evaluation of the Plus500 platform.
Trading choices at Plus500
In this part of the review we will talk about the various types of securities you can trade in with Plus500.
With Plus500 you can sell CFDs on Forex. When you trade in Forex, you hypothesize on rate modifications in currency pairs. You can for instance place a trade on the advancement of the euro versus the dollar.
On Plus500 you can likewise sell a substantial variety of CFD shares. The shares are nicely arranged by nation, so you can quickly find a share to trade.
It’s also possible to sell products by using CFDs. The most popular commodity for trading is oil. You can often use a maximum utilize of approximately 1:20 to financial investments in raw materials. When you sell gold you can use an utilize of 1:20.
On Plus500 you can likewise trade in CFDs on choices. Choices frequently move highly: an alternative 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 even more increases your potential gains or losses.
Indices or ETFs
On Plus500 you can likewise trade in CFDs on well-known indexes or ETFs. You can for instance sell the Dow Jones or NASDAQ index trackers.
At Plus500 you can also trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are very volatile and it can for that reason be interesting to actively hypothesize on their price developments. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to regulations”). Plus500 Partnerprogramm.
Conclusion on the trading choices at Plus500
Plus500 has a large range of tradable CFD securities. Even reasonably unknown regional stocks can frequently be found on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all countries. My experience with Plus50 has for that reason been really favorable.
Support & research
In this part of the evaluation, we examine how Plus500 supports traders.
At Plus500 you can perform technical analyses on the charts. Within the software application you can utilize different drawing options. You can draw horizontal levels to suggest price levels where the marketplace typically relocates the opposing instructions.
You can also add technical indicators on the chart. The series of technical signs at Plus500 is enormous. You can select from more than 100 various choices. It is a good idea to utilize technical indicators. By using technical indications, you can execute better analyses.
The technical analysis alternatives within the Plus500 software application are comprehensive. Nevertheless, it is bothersome that you can not save several graphs. This implies that you have to duplicate the examines routinely. Expert investors would need 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 entirely missing. There are no courses or webinars offered at Plus500. This is a downside for individuals who sign up with Plus500 to learn how to trade better.
It works that you get a notification within the Plus500 software when interesting developments occur. When the price of, for example, oil falls dramatically, you will get an alert of this event. You can then decide for yourself whether you want to take a position on the market development. Plus500 Partnerprogramm.
Within the Plus500 software application you can likewise 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 fundamental data is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.
Plus500 has an extensive and quick customer care that is offered in more than 30 languages. Your problems can be fixed rapidly in your language.
It is suggested to contact customer support via live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be resolved practically right away.
It is likewise possible to email Plus500. Mails are often answered within a day. It is a pity that no telephone number is offered. This makes it impossible to speak straight to someone. Due to the fast processing time, Plus500 still ratings adequately in regards to customer care. Plus500 Partnerprogramm.
Security & dependability
Before you transfer cash with a business, you naturally wish to know that it is completely safe and secure to do so. In this part of the review, we look at how dependable Plus500 is.
Supervisors guarantee that brokers follow the guidelines. Plus500 is monitored by:
- Plus500UK Ltd authorized & controlled by the FCA (# 509909).
- Plus500CY Ltd authorized & managed by the CySEC (# 250/14).
- Plus500SG Pte Ltd, licensed 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; authorized financial service provider in South Africa, FSP # 47546.
Security of your deposits
Depending upon your nationality, you take pleasure in extra defense if Plus500 declares bankruptcy. This is done through a so-called investor defense fund. All customer funds are kept in a segregated customer bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has likewise set numerous additional guidelines to ensure that your cash is as secure as possible on Plus500. Below you can discover a summary of these measurements:
Plus500 will never ever speculate with clients’ cash. All funds are kept in a different savings account, which means that this money is secure when unforeseen things occur with Plus500. And finally, on Plus500 you are protected against an unfavorable balance, because he Negative balance security is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted to a recurring debt. Plus500 Partnerprogramm.
Plus500 is 100% no fraud. Plus500 safely manages client assets. The business is likewise supervised. Plus500 has actually been around given that 2008 and is even listed on the London stock exchange. These are all great signs that Plus500 is reliable and we have concerned that conclusion ourselves.
About the company
Plus500 was founded in 2008 and has grown highly ever since. Plus500 is active in more than 30 countries and served more than 200,000 active consumers in 2019. Plus500 carried out 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, however they have opened numerous extra workplaces in other nations. Do you would like to know more about the Plus500 company? In this article you will discover everything you need to understand!
Conclusion evaluation Plus500
Plus500 is one of the best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by utilizing the easy to use software. On Plus500 you can trade at low rates. You also have the opportunity to respond to altering market conditions by placing orders on both rising and falling rates. Plus500 Partnerprogramm.
Do you wish to discover how Plus500 works? Immediately open a complimentary demo-account by pushing the button below: