Plus500 Evaluation: our experience with this broker
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument schedule subject to regulations), 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 react to the most recent market advancements at low rates. Plus500 Scalping Regeln.
Plus500 Scalping Regeln
- At Plus500 you can hypothesize on rate developments at low rates.
- You can sell an extensive series of CFD shares.
- It is possible to attempt Plus500 free of charge 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 Scalping Regeln.
- Plus500 does not supply sophisticated software application for expert traders.
- You can not discover substantial analyses within the platform.
- Plus500 customer care 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 completely free of charge and without threat? Utilize the button below to open a demo account with this broker:
Plus500 Scalping Regeln
We discuss 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?
- Costs: how much does trading expense on Plus500?
- Functionalities: what are the possibilities of the software application?
- Trading alternatives: in what securities you trade on Plus500?
- Assistance: what support do you get when trading?
- Client service: what is the quality of the client service? (costumer-service).
- Reliability: Is this broker reputable? (dependability).
- Information: more info about Plus500 (information).
- Conclusion: the verdict of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you should initially check out the Plus500 site. Click on this link * to open the Plus500 site. To create a free demonstration account, you just have to pick an e-mail address and a password. It is also possible to log in with your Facebook or Google account. After you have actually left this details, you can instantly start trading. Plus500 Scalping Regeln.
Plus500 accepts clients from the majority of nations. There are likewise citizenships that are not confessed to Plus500. Traders from for example, 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 give Plus500 a favorable score for opening an account. Plus500 Scalping Regeln.
Deposit & withdraw cash
When you have actually ended up being 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 among these methods:
- Bank transfer.
Prior to your deposit can be processed, you must verify your identity. Plus500 should abide by legislation and can only receive confirmed customers. By confirming new costumers, Plus500 avoids costumers from using the account for money laundering.
We’ve gone through the entire process and uploaded the required documents. Our account was approved and released by Plus500 within an hour. After verifying the identity of your account, you don’t need to do it again. The length of this process depends upon your individual situation and can be various for each customer.
You can withdraw the money into your account at any time. You can do this by moving the cash to your bank account or PayPal account. The transfer is made quickly and the money will remain in your account within a couple of days. Plus500 Scalping Regeln.
On Plus500 there are no additional expenses for transferring and withdrawing cash. This is a huge advantage of the broker Plus500: lots of other brokers charge a little cost for withdrawing money. Traders can take advantage of up to 5 free withdrawals a month, after which a fee will be sustained.
Plus500 Scalping Regeln
Review of the costs of Plus500
When you start trading with Plus500, you certainly do not want a large part of your cash to be lost to high transaction costs. In this part of the review, we take a comprehensive take a look at the costs of trading with Plus500. Below we quickly examine which costs Plus500 passes on to its customers.
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 offers two spread systems for its instruments: Dynamic spread which is constantly adjusted according to the market spread throughout the period a position is open vs. a Spread which does not generally change in line with general market variations while a position is open, but when the market is unpredictable and illiquid, might change to a brand-new level so that the underlying market conditions are better shown. However, Plus500 intends to provide the tightest possible spreads at all times. Plus500 Scalping Regeln.
Forex costs on Plus500
On Plus500 you can sell various 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 companies and concluded that these costs are comparable to those of other brokers. (We have actually extracted these data on the 2th of June 14:00.).
Cryptocurrency expenses on Plus500
On Plus500 you can likewise sell cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade against fairly 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 beneficial at Plus500. (We have actually drawn out these information on the 2th of June 14:00.).
Share expenses 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 overall value. Trading CFD Tesla shares is for that reason possible at a low cost. (Please keep in mind that this is a picture on April 20, 2020 at 13:00.).
Financing costs at Plus500
With Plus500 you have the choice to trade on margin. Since you can trade on margin, you do not need to put in the total of the trading position yourself. Nevertheless, you do have to pay a premium for this.
With each security you will see the overnight financing buy and the over night financing sell costs. Sometimes, you actually receive a premium for brief positions. We compared Plus500 with other celebrations for this evaluation and the funding costs were fairly low. Still, it is necessary to bear in mind that Plus500 is not extremely ideal for long-term trading because of the funding charges you have to pay daily. Plus500 Scalping Regeln.
Other expenses on Plus500
We have thoroughly investigated the expenses for this evaluation, and we have not discovered any frustrating 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 holds true with a lot of brokers.
Do you have an account with Plus500 and are you not planning to trade for a while? It is wise to withdraw the money from your account.
You can examine all Fees 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 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 Scalping Regeln.
The following additional costs may be applied:
Overnight Funding – The over night financing quantity is either contributed to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The overnight financing time and the daily overnight funding percentage can be found in the “Particulars” link next to the instrument’s name on the main screen of the platform.
Currency Conversion Charge – 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 Fee will currently depend on 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.
Inactivity Fee – A cost of up to USD 10 per month will be imposed, need to you not log in to your trading represent a period of at least three months. This fee 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 amount to the lower of the staying readily available balance in your account or USD 10 (or equivalent depending on your currency). This is to offset the expense incurred in making the service available, despite the fact that it has actually not been used. Please note that the fee is only gathered from the Genuine Cash account and just when there are sufficient readily available funds in the account. In order to avoid this fee, merely log into your trading account from time to time, as this is considered adequate activity to prevent a fee from being charged.
Surefire Stop Order – if you select this feature, please note that as it ensures that your position (trade) closes at a particular asked for rate (price), the trade undergoes a wider spread.
Conclusion Plus500 costs
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 post about the costs on Plus500, we take a closer look at the different expenses you pay when you trade with Plus500.
Plus500 Scalping Regeln
Software & possibilities
When you begin trading, we understand that you obviously likewise wish to use an excellent software package. With Plus500 trading is mainly done via the online WebTrader. A great benefit of the WebTrader is the accessibility: you can log in to the platform at any time and from any area 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 quickly discover the CFD in which you wish to trade. New consumers will therefore not need to browse long for buy & sell buttons on Plus500. Plus500 Scalping Regeln.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is very important to keep in mind that with Plus500 you always sell CFDs. With Plus500 you never straight sell a share. The only thing that identifies your outcome is the distinction between the rate at which you open and close the position.
When you open a position, you have 2 choices. You can purchase the CFD or you can go short on the CFD. When you buy the CFD you get a favorable outcome with an increasing price and when you sell the CFD you get a favorable result with a falling cost. Considering that you use leverage there is a high threat of losing money quickly due to take advantage of.
The alternative to hypothesize on a declining rate is a major advantage within the Plus500 platform. The option to brief sell increases your flexibility and makes it possible to respond to various market scenarios.
Kind 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 amount you wish to trade with. You likewise have the option to immediately open or close the position after a specific price has actually been reached. This makes it possible to safeguard you trades when you have to go out. Plus500 Scalping Regeln.
It is likewise possible to position an order with Plus500. You do this by entering a rate at which you instantly open the CFD position. By using orders, you can accomplish even better trading outcomes.
Take advantage of
With Plus500 you have the option to apply a take advantage of. With a lever you can take a larger position with the very same quantity of cash. Both your potential revenue and your potential loss increase when you use leverage. With each security you can immediately see what the optimum utilize is that you can apply.
The existence of a take advantage of is an advantage in the evaluation of Plus500. You can constantly decide to invest with smaller quantities if you wish to decrease your risk.
On Plus500 you can likewise trade with the mobile application they provide. The mobile application is less substantial than the WebTrader. You can carry out less comprehensive analyses with it. It is helpful to also set up the mobile application. With the app you can receive cautions when the rate of a security reaches a specific value.
The mobile application is really user-friendly and it is excellent to adjust your orders when market conditions alter considerably. The mobile application is for that reason a strong point in our review of the Plus500 platform.
Plus500 Scalping Regeln
Trading choices at Plus500
In this part of the evaluation we will discuss the various kinds of securities you can sell with Plus500.
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you speculate on price modifications in currency sets. You can for example place a trade on the development of the euro versus the dollar.
On Plus500 you can likewise trade in a substantial series of CFD shares. The shares are nicely arranged by nation, so you can rapidly discover a share to trade.
It’s also possible to sell commodities by using CFDs. The most popular commodity for trading is oil. You can typically use an optimum utilize of as much as 1:20 to investments in basic materials. When you trade in gold you can use a leverage of 1:20.
On Plus500 you can also trade in CFDs on alternatives. Alternatives frequently move strongly: an option can in some cases increase or fall in value by 10s of percent. With CFDs you can use a leverage of as much as 1:20 to options, which further increases your possible gains or losses.
Indices or ETFs
On Plus500 you can likewise sell CFDs on widely known indexes or ETFs. You can for example sell the Dow Jones or NASDAQ index trackers.
At Plus500 you can likewise trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are extremely volatile and it can for that reason be interesting to actively hypothesize on their price developments. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to regulations”). Plus500 Scalping Regeln.
Conclusion on the trading choices at Plus500
Plus500 has a wide variety of tradable CFD securities. Even relatively unidentified local 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 for that reason been extremely favorable.
Support & research
In this part of the review, we investigate how Plus500 supports traders.
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 suggest price levels where the market typically moves in the opposing direction.
You can likewise add technical indications on the graph. The variety of technical indicators at Plus500 is huge. You can choose from more than 100 different alternatives. It is a good idea to use technical indicators. By using technical indicators, you can perform much better analyses.
The technical analysis alternatives within the Plus500 software are comprehensive. It is bothersome that you can not save numerous charts. This means that you have to repeat the evaluates routinely. Professional investors 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 choices are entirely missing out on. There are no courses or webinars offered at Plus500. This is a drawback for people who join Plus500 to learn how to trade better.
It is useful that you receive an alert within the Plus500 software application when fascinating advancements occur. When the rate of, for example, oil falls greatly, you will receive an alert of this event. You can then decide for yourself whether you wish to take a position on the market development. Plus500 Scalping Regeln.
Within the Plus500 software application you can likewise see how other users trade in a security. By taking a look at the positions other traders take, you can see whether there are more buyers or sellers. Other essential data is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.
Plus500 has a thorough and fast client service that is available in more than 30 languages. Your problems can be fixed rapidly in your language.
It is suggested to get in touch with customer support by means of live chat. You can use the live chat button within the Plus500 WebTrader. By using the live chat, your problems can be resolved nearly right away.
It is likewise possible to email Plus500. Mails are typically answered within a day. It is a pity that no telephone number is readily available. This makes it impossible to speak straight to someone. Due to the fast processing time, Plus500 still scores sufficiently in terms of customer service. Plus500 Scalping Regeln.
Security & dependability
Prior to you deposit money with a business, you naturally wish to know that it is entirely safe to do so. In this part of the evaluation, we look at how trustworthy Plus500 is.
Supervisors ensure that brokers adhere to the guidelines. Plus500 is supervised by:
- Plus500UK Ltd licensed & managed by the FCA (# 509909).
- Plus500CY Ltd licensed & regulated 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), licensed by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed financial service provider in South Africa, FSP # 47546.
Security of your deposits
Depending upon your citizenship, you take pleasure in extra security if Plus500 goes bankrupt. This is done through a so-called investor defense fund. All customer funds are held in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has actually likewise set several additional guidelines to guarantee that your cash is as safe and secure as possible on Plus500. Below you can find an overview of these measurements:
Plus500 will never ever hypothesize with clients’ money. All funds are kept in a different checking account, which means that this money is safe and secure when unforeseen things happen with Plus500. And last but not least, on Plus500 you are secured versus an unfavorable balance, due to the fact that he Negative balance security is a regulative requirement for all EU brokers. When you trade with Plus500, you can never be left with a residual debt. Plus500 Scalping Regeln.
Plus500 is 100% no scam. Plus500 safely manages consumer assets. The company is likewise supervised. Plus500 has actually been around because 2008 and is even listed on the London stock market. These are all great indications that Plus500 is reputable and we have actually pertained to that conclusion ourselves.
Plus500 Scalping Regeln
About the company
Plus500 was founded in 2008 and has grown highly since then. Plus500 is active in more than 30 countries and served more than 200,000 active customers in 2019. Plus500 executed over 35 million transactions with a worth of over $1,000 billion in one year. The head office of the business can be found in Israel, but they have actually opened several additional workplaces in other nations. Do you want to know more about the Plus500 business? In this article you will find 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 using the user-friendly software application. 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 Scalping Regeln.
Do you want to discover how Plus500 works? Then right away open a free demo-account by pushing the button below: