Plus500 Evaluation: our experience with this broker
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to guidelines), Forex and stocks. In this extensive evaluation, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can respond to the most recent market developments at low rates. Plus500 Stock Screener.
Plus500 Stock Screener
- At Plus500 you can speculate on cost advancements at low rates.
- You can sell an extensive range of CFD shares.
- It is possible to try Plus500 totally free with a demonstration.
- On Plus500 you can utilize the user-friendly web trader.
- Plus500 offers its services in more than 30 different languages.
- On Plus500 you can begin trading from $100. Plus500 Stock Screener.
- Plus500 does not offer advanced software for professional traders.
- You can not discover extensive 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 completely free of charge and without danger? Use the button below to open a demonstration account with this broker:
Plus500 Stock Screener
We go over 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?
- Expenses: just 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 customer service? (costumer-service).
- Reliability: Is this broker reputable? (reliability).
- Information: more details about Plus500 (information).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you must first visit the Plus500 website. Click here * to open the Plus500 website. To create a complimentary demo account, you just have to select an email address and a password. It is likewise possible to log in with your Facebook or Google account. After you have left this details, you can immediately start trading. Plus500 Stock Screener.
Plus500 accepts customers from most countries. There are also nationalities that are not admitted to Plus500. Traders from for instance, 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 therefore provide Plus500 a favorable rating for opening an account. Plus500 Stock Screener.
Deposit & withdraw cash
When you have actually ended up being acquainted with 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 methods:
- Bank transfer.
Before your deposit can be processed, you should confirm your identity. Plus500 should abide by legislation and can only get verified clients. By verifying brand-new costumers, Plus500 avoids customers from using the represent money laundering.
We have actually gone through the whole process and submitted the required documents. Our account was authorized 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 process depends on your personal scenario and can be different for each client.
You can withdraw the money into your account at any time. You can do this by transferring the money to your savings account or PayPal account. The transfer is made rapidly and the money will be in your account within a few days. Plus500 Stock Screener.
On Plus500 there are no extra expenses for depositing 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 as much as 5 complimentary withdrawals a month, after which a charge will be incurred.
Plus500 Stock Screener
Review of the expenses of Plus500
When you start trading with Plus500, you obviously 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 charges of trading with Plus500. Below we briefly take a look at which costs Plus500 passes on to its customers.
With Plus500 you pay a spread over every transaction. The spread is the difference between the buy and sell cost of a CFD. Plus500 uses two spread mechanisms for its instruments: Dynamic spread which is constantly changed according to the market spread out throughout the period a position is open vs. a Spread which does not generally change in line with general market changes while a position is open, however when the market is unpredictable 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 Stock Screener.
Forex expenses on Plus500
On Plus500 you can trade in various currency pairs. 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 companies and concluded that these costs are comparable to those of other brokers. (We have drawn out 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 review 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 composing while at eToro you pay more than $50 per agreement. Trading cryptocurrencies is for that reason reasonably helpful at Plus500. (We have extracted these information on the 2th of June 14:00.).
Share expenses on Plus500
At Plus500 you can likewise trade in shares by utilizing CFDs. As an example: For the CFD share Tesla you presently pay a spread of $ 0.95, which relates to 0.12% of the total worth. 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.).
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 full amount of the trading position yourself. You do have to pay a premium for this.
With each security you will see the overnight financing buy and the overnight financing offer expenses. In some cases, you in fact receive a premium for short positions. We compared Plus500 with other parties for this evaluation and the financing costs were fairly low. Still, it is necessary to keep in mind that Plus500 is not really appropriate for long-term trading because of the financing fees you have to pay daily. Plus500 Stock Screener.
Other expenses on Plus500
We have actually thoroughly investigated the expenses for this evaluation, and we have not discovered any annoying concealed expenses. Nevertheless, you should make sure that you visit to the platform at least once every three months. If you don’t do this, expenses 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? Then it is a good idea to withdraw the money from your account.
You can check all Charges here:
Plus500 is primarily compensated 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 means a market spread of 0.6 pips, in this example). Unlike other company who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Stock Screener.
However, the following additional 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 specific time (the “Overnight Financing Time”).
The overnight financing time and the daily over night financing portion 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 Fee for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Fee will presently be up to 0.7% of the trade’s understood internet profit and loss and reflected in real time into the unrealised net revenue and loss of an open position.
Lack of exercise Cost – A cost of up to USD 10 each month will be levied, should you not log in to your trading represent a period of at least 3 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 inactivity fee will amount to the lesser 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 sustained in making the service offered, despite the fact that it has actually not been utilized. However, please note that the cost is only gathered from the Genuine Money account and just when there are sufficient 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 adequate activity to prevent a fee from being charged.
Surefire Stop Order – if you select this function, please note that as it ensures that your position (trade) closes at a specific requested rate (price), the trade goes through a broader spread.
Conclusion Plus500 costs
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 short article about the costs on Plus500, we take a closer look at the different costs you pay when you trade with Plus500.
Plus500 Stock Screener
Software application & possibilities
When you begin trading, we understand that you of course likewise wish to utilize an excellent software package. With Plus500 trading is mainly done by means of the online WebTrader. A fantastic benefit of the WebTrader is the availability: 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 review 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 consumers will for that reason not need to search wish for purchase & sell buttons on Plus500. Plus500 Stock Screener.
Opening a trade
Opening a trade with Plus500 is rather simple. It is necessary to bear in mind that with Plus500 you always sell CFDs. With Plus500 you never straight trade in a share. The only thing that identifies your outcome is the distinction in between the cost at which you open and close the position.
When you open a position, you have 2 choices. You can buy the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable result with a rising rate and when you sell the CFD you get a favorable outcome with a falling rate. Since you use take advantage of there is a high threat of losing money quickly due to leverage.
The option to hypothesize on a declining price is a major benefit within the Plus500 platform. The alternative to brief sell increases your versatility and makes it possible to respond to different market scenarios.
Type of orders
With Plus500 you can instantly open an order. When you press purchase or sell you will see the screen listed below:
In the order screen you can enter the quantity you want to trade with. You also have the option to instantly open or close the position after a particular price has been reached. This makes it possible to safeguard you trades when you have to go out. Plus500 Stock Screener.
It is also possible to place an order with Plus500. You do this by going into a price at which you automatically open the CFD position. By utilizing orders, you can achieve even better trading results.
With Plus500 you have the choice to use a leverage. With a lever you can take a bigger position with the same quantity of cash. Both your prospective revenue and your prospective loss boost when you use leverage. With each security you can instantly see what the maximum utilize is that you can apply.
The presence of a take advantage of is an advantage in the evaluation of Plus500. You can always choose to invest with smaller quantities if you want to reduce your threat.
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less comprehensive than the WebTrader. You can perform less substantial analyses with it. It is useful to also set up the mobile application. With the app you can get cautions when the rate of a security reaches a certain value.
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 for that reason a strength in our review of the Plus500 platform.
Plus500 Stock Screener
Trading options at Plus500
In this part of the evaluation we will talk about the different types of securities you can sell with Plus500.
With Plus500 you can sell CFDs on Forex. When you trade in Forex, you hypothesize on rate changes in currency sets. You can for instance location a trade on the development of the euro against the dollar.
On Plus500 you can likewise sell an extensive series of CFD shares. The shares are nicely sorted by country, so you can quickly find a share to trade.
It’s likewise possible to trade in commodities by using CFDs. The most popular commodity for trading is oil. You can typically apply an optimum leverage of up to 1:20 to financial investments in basic materials. When you trade in gold you can apply an utilize of 1:20.
On Plus500 you can likewise sell CFDs on choices. Choices typically move strongly: an option can often rise or fall in value by 10s of percent. With CFDs you can apply an utilize of as much as 1:20 to choices, which even more increases your possible gains or losses.
Indices or ETFs
On Plus500 you can likewise sell CFDs on well-known indexes or ETFs. You can for example trade in the Dow Jones or NASDAQ index trackers.
At Plus500 you can likewise trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are really unpredictable and it can for that reason be interesting to actively speculate on their rate advancements. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to regulations”). Plus500 Stock Screener.
Conclusion on the trading alternatives at Plus500
Plus500 has a wide range of tradable CFD securities. Even fairly unidentified regional stocks can often 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 study
In this part of the evaluation, we examine how Plus500 supports traders.
At Plus500 you can perform technical analyses on the graphs. Within the software you can utilize various drawing alternatives. You can draw horizontal levels to indicate price levels where the marketplace typically moves in the opposing instructions.
You can likewise include technical indications on the graph. The range of technical indications at Plus500 is huge. You can pick from more than 100 different alternatives. It is wise to use technical signs. By utilizing technical indicators, you can execute better analyses.
The technical analysis options within the Plus500 software application are extensive. It is bothersome that you can not save several graphs. This means that you have to repeat the analyzes routinely. Professional investors would need to download other programs to perform more complex analyses.
Research and education
In this review we can be quick about the possibilities of research and education: at Plus500 these options are totally missing. There are no courses or webinars readily available at Plus500. This is a disadvantage for people who join Plus500 to learn how to trade better.
It is useful that you get a notice within the Plus500 software when intriguing developments occur. When the cost of, for example, oil falls greatly, you will get a notice of this event. You can then decide for yourself whether you want to take a position on the market advancement. Plus500 Stock Screener.
Within the Plus500 software 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 essential data is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our viewpoint.
Plus500 has an extensive and fast client service that is available in more than 30 languages. Your issues can be solved rapidly in your language.
It is suggested to call client service by means of live chat. You can use the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be resolved nearly immediately.
It is also possible to email Plus500. Mails are often addressed within a day. It is a pity that no telephone number is offered. This makes it difficult to speak directly to someone. Due to the fast processing time, Plus500 still scores sufficiently in regards to client service. Plus500 Stock Screener.
Security & dependability
Before you transfer cash with a company, you naturally want to know that it is entirely safe and secure to do so. In this part of the evaluation, we take a look at how dependable Plus500 is.
Supervisors ensure that brokers adhere to the guidelines. Plus500 is monitored by:
- Plus500UK Ltd authorized & managed by the FCA (# 509909).
- Plus500CY Ltd licensed & managed 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 company in South Africa, FSP # 47546.
Security of your deposits
Depending on your citizenship, you delight in additional defense if Plus500 goes bankrupt. This is done through a so-called investor security fund. All client funds are held in a segregated client checking account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has also set several extra rules to make sure that your cash is as secure as possible on Plus500. Below you can discover a summary of these measurements:
Plus500 will never speculate with clients’ cash. All funds are stored in a separate bank account, which means that this money is protected when unanticipated things occur with Plus500. And finally, on Plus500 you are safeguarded against a negative balance, due to the fact that he Negative balance defense is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a residual debt. Plus500 Stock Screener.
Plus500 is 100% no fraud. Plus500 firmly manages customer properties. The business is also supervised. Plus500 has actually been around considering that 2008 and is even noted on the London stock market. These are all excellent indicators that Plus500 is reputable and we have come to that conclusion ourselves.
Plus500 Stock Screener
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 clients in 2019. Plus500 performed over 35 million deals with a value of over $1,000 billion in one year. The head office of the business can be discovered in Israel, however they have actually opened several extra workplaces in other countries. Do you need to know more about the Plus500 business? In this short article you will discover everything you need to understand!
Conclusion review Plus500
Plus500 is among 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 likewise have the opportunity to react to changing market conditions by putting orders on both fluctuating prices. Plus500 Stock Screener.
Do you wish to discover how Plus500 works? Then instantly open a complimentary demo-account by pressing the button listed below: