[Revealed] – Plus500 South Africa Contact

Plus500 Review: our experience with this broker
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability 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 respond to the latest market developments at low rates. Plus500 South Africa Contact.

Plus500 South Africa Contact

Benefit Plus500

  • At Plus500 you can hypothesize on rate advancements at low rates.
  • You can sell a comprehensive variety of CFD shares.
  • It is possible to attempt Plus500 free of charge with a demo.
  • On Plus500 you can use the easy to use web trader.
  • Plus500 offers its services in more than 30 various languages.
  • On Plus500 you can start trading from $100. Plus500 South Africa Contact.

 

Drawbacks Plus500

  • Plus500 does not provide advanced software application for expert traders.
  • You can not find comprehensive analyses within the platform.
  • Plus500 client service is not available by phone.
  • On Plus500 you can just trade in CFDs.

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

Plus500 South Africa Contact

We discuss the following subjects in the Plus500 review:

  • Open account: how can you open an account with Plus500?
  • Deposit cash: how can you deposit and withdraw cash?
  • Costs: just 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 receive when trading?
  • Costumer service: what is the quality of the customer service? (costumer-service).
  • Dependability: Is this broker trusted? (reliability).
  • Info: more info about Plus500 (info).
  • Conclusion: the decision of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you should first go to the Plus500 website. Click here * to open the Plus500 site. To develop a complimentary demonstration account, you simply need to pick an email address and a password. It is also possible to visit with your Facebook or Google account. After you have left this info, you can immediately begin trading. Plus500 South Africa Contact.

Plus500 South Africa Contact

Plus500 accepts clients from most countries. Nevertheless, 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 provide Plus500 a favorable rating for opening an account. Plus500 South Africa Contact.

 

Deposit & withdraw money
When you have become acquainted with the Plus500 platform, you can switch to a real money account at any time. The minimum deposit at Plus500 is $100. You can transfer cash into your account by utilizing one of these methods:

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

Prior to your deposit can be processed, you need to verify your identity. Plus500 must comply with legislation and can just get confirmed consumers. By confirming new costumers, Plus500 prevents clients from using the account for cash laundering.

Plus500 South Africa Contact

We have actually gone through the entire procedure and published the needed files. Our account was approved and released 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 on your personal scenario and can be various for each client.

 

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 quickly and the money will be in your account within a few days. Plus500 South Africa Contact.

Plus500 South Africa Contact

 

On Plus500 there are no additional costs for transferring and withdrawing money. This is a huge benefit of the broker Plus500: numerous other brokers charge a little cost for withdrawing money. Traders can benefit from as much as 5 totally free withdrawals a month, after which a fee will be incurred.

Plus500 South Africa Contact

Evaluation of the expenses of Plus500
When you begin trading with Plus500, you certainly do not desire a large part of your cash to be lost to high deal expenses. In this part of the review, we take a comprehensive look at the fees of trading with Plus500. Below we quickly examine which costs Plus500 hands down to its consumers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the distinction in between the buy and sell rate of a CFD. Plus500 provides two spread systems for its instruments: Dynamic spread which is continuously adjusted according to the market spread throughout the period a position is open vs. a Spread which does not usually change in line with general market variations while a position is open, but when the market is volatile and illiquid, might alter to a brand-new level so that the underlying market conditions are better reflected. However, Plus500 aims to provide the tightest possible spreads at all times. Plus500 South Africa Contact.

 

Forex costs on Plus500
On Plus500 you can trade in various currency sets. At the time of composing, you are paying 0.6 pips in deal fees on the pair of EUR/ USD. We compared these costs with those of other suppliers and concluded that these expenses are comparable to those of other brokers. (We have drawn out these data on the 2th of June 14:00.).

 

Cryptocurrency costs on Plus500
On Plus500 you can also sell cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade versus fairly advantageously costs 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 therefore reasonably advantageous at Plus500. (We have actually drawn out 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 currently pay a spread of $ 0.95, which corresponds to 0.12% of the overall worth. Trading CFD Tesla shares is therefore possible at a low cost. (Please note that this is a picture 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 need 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 over night funding offer expenses. Sometimes, you in fact get a premium for short positions. We compared Plus500 with other celebrations for this evaluation and the financing expenses were fairly low. Still, it is important to keep in mind that Plus500 is not really suitable for long-term trading because of the financing costs you need to pay daily. Plus500 South Africa Contact.

 

Other expenses on Plus500
We have extensively examined the expenses for this review, and we have actually not discovered any bothersome concealed expenses. However, you should make sure that you visit to the platform at least when every three months. If you do not do this, expenses for lack of exercise 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 wise to withdraw the money from your account.

 

You can inspect all Charges here:

Plus500 is mainly 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 provider who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 South Africa Contact.

Nevertheless, the following extra charges might be used:

Overnight Funding – The over night financing quantity is either contributed to or subtracted from your account when holding a position after a particular time (the “Overnight Funding Time”).
The over night financing time and the day-to-day overnight financing portion can be discovered in the “Details” link beside the instrument’s name on the main screen of the platform.

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

Inactivity Fee – A cost of as much as USD 10 monthly will be levied, should you not visit to your trading represent a period of a minimum of three months. This charge will be charged as soon as a month from that moment onwards, as long as no login is made to the account. The inactivity fee will be equal to the lesser of the staying readily available balance in your account or USD 10 (or equivalent depending upon your currency). This is to offset the cost sustained in making the service offered, even though it has actually not been utilized. Please note that the cost is only gathered from the Genuine Money account and only when there are enough available funds in the account. In order to avoid this charge, merely log into your trading account from time to time, as this is considered sufficient activity to prevent a charge from being charged.

Surefire Stop Order – if you choose this function, please note that as it ensures that your position (trade) closes at a particular requested rate (rate), the trade is subject to a broader 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 South Africa Contact

Software & possibilities
When you start trading, we understand 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 accessibility: you can log in to the platform at any time and from any location to open or close a position.

What stood apart in our evaluation 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 customers will therefore not have to browse wish for purchase & sell buttons on Plus500. Plus500 South Africa Contact.

 

Opening a trade
Opening a trade with Plus500 is rather straightforward. It is essential to remember 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 cost at which you open and close the position.

When you open a position, you have two choices. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable outcome with an increasing rate and when you sell the CFD you get a favorable result with a falling price. Given that you utilize utilize there is a high risk of losing cash rapidly due to take advantage of.

 

The choice to hypothesize on a declining rate is a major benefit within the Plus500 platform. The alternative to short sell increases your flexibility and makes it possible to react to different market situations.

 

Kind 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 South Africa Contact

In the order screen you can get in the amount you wish to trade with. You also have the choice to immediately open or close the position after a particular price has actually been reached. This makes it possible to secure you trades when you have to go out. Plus500 South Africa Contact.

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

Plus500 South Africa Contact

 

Utilize
With Plus500 you have the alternative to apply a leverage. With a lever you can take a bigger position with the very same amount of cash. Both your prospective earnings and your prospective loss increase when you apply leverage. With each security you can right away see what the optimum leverage is that you can apply.

The presence of a leverage is an advantage in the evaluation of Plus500. You can always decide to invest with smaller amounts if you wish to decrease your threat.

 

Mobile application
On Plus500 you can likewise trade with the mobile application they provide. The mobile application is less substantial than the WebTrader. You can perform less comprehensive analyses with it. Nonetheless, it works to also set up the mobile application. With the app you can receive cautions when the cost of a security reaches a certain worth.

The mobile application is really easy to use and it is good to change your orders when market conditions alter considerably. The mobile application is for that reason a strength in our evaluation of the Plus500 platform.

Plus500 South Africa Contact

Trading choices at Plus500
In this part of the review we will go over the various types of securities you can trade in with Plus500.

Forex
With Plus500 you can sell CFDs on Forex. When you sell Forex, you hypothesize on price changes in currency sets. You can for instance location a trade on the advancement of the euro versus the dollar.

Shares
On Plus500 you can likewise sell an extensive series of CFD shares. The shares are nicely sorted by country, so you can quickly discover 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 often apply an optimum leverage of approximately 1:20 to investments in raw materials. When you sell gold you can use a leverage of 1:20.

Options
On Plus500 you can also sell CFDs on alternatives. Alternatives often move strongly: an alternative can sometimes rise or fall in worth by tens of percent. With CFDs you can apply a leverage of approximately 1:20 to options, which even more increases your prospective gains or losses.

Indices or ETFs
On Plus500 you can likewise trade in CFDs on popular 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 well-known cryptocurrencies. Cryptocurrencies are very volatile and it can for that reason be interesting to actively speculate on their cost developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to policies”). Plus500 South Africa Contact.


Conclusion on the trading alternatives at Plus500

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

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the charts. Within the software you can utilize various drawing alternatives. You can draw horizontal levels to suggest price levels where the market often relocates the opposing direction.

Plus500 South Africa Contact

You can likewise include technical indicators on the graph. The series of technical signs at Plus500 is huge. You can choose from more than 100 different alternatives. It is wise to use technical indicators. By using technical indicators, you can carry out better analyses.

Plus500 South Africa Contact

The technical analysis choices within the Plus500 software are comprehensive. It is troublesome that you can not conserve numerous charts. This suggests that you need to repeat the analyzes regularly. Professional investors would need to download other programs to carry out more complex analyses.

 

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

It works that you receive an alert within the Plus500 software application when fascinating advancements occur. When the price of, for example, oil falls sharply, you will get a notification of this occasion. You can then choose on your own whether you wish to take a position on the market development. Plus500 South Africa Contact.

Within the Plus500 software 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 basic information is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our opinion.

 

Client service
Plus500 has an extensive and fast customer service that is available in more than 30 languages. Your problems can be resolved quickly 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 using the live chat, your issues can be fixed practically right away.

It is likewise possible to email Plus500. Mails are typically responded to within a day. It is a pity that no telephone number is readily available. This makes it impossible to speak straight to somebody. Due to the quick processing time, Plus500 still scores adequately in regards to customer care. Plus500 South Africa Contact.

Plus500 South Africa Contact

 

Security & dependability
Before you deposit money with a business, you naturally wish to know that it is entirely safe and secure to do so. In this part of the evaluation, we take a look at how trusted Plus500 is.

Policy
Supervisors ensure that brokers stick to the rules. Plus500 is monitored by:

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

Security of your deposits
Depending upon your nationality, you enjoy extra security if Plus500 declares bankruptcy. This is done through a so-called investor security 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 likewise set several additional guidelines to guarantee that your money is as secure as possible on Plus500. Listed below you can find an introduction of these measurements:

Plus500 South Africa Contact

Plus500 will never speculate with consumers’ cash. All funds are stored in a separate savings account, which means that this cash is safe and secure when unexpected things happen with Plus500. And finally, on Plus500 you are safeguarded against a negative balance, because he Unfavorable balance protection is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a recurring debt. Plus500 South Africa Contact.

 

Conclusion dependability
Plus500 is 100% no fraud. Plus500 securely manages client assets. The business is likewise supervised. Plus500 has been around given that 2008 and is even noted on the London stock exchange. These are all good indicators that Plus500 is trustworthy and we have pertained to that conclusion ourselves.

Plus500 South Africa Contact

About the company
Plus500 was founded in 2008 and has actually grown highly since then. Plus500 is active in more than 30 nations and served more than 200,000 active clients in 2019. Plus500 executed over 35 million transactions with a worth of over $1,000 billion in one year. The headquarters of the business can be discovered in Israel, but they have opened numerous additional offices in other nations. Do you wish to know more about the Plus500 business? In this post you will discover everything you require to understand!

Plus500 South Africa Contact

Conclusion review Plus500
Plus500 is one of the 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 also have the opportunity to react to changing market conditions by putting orders on both rising and falling prices. Plus500 South Africa Contact.

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