Plus500 Evaluation: our experience with this broker
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to guidelines), Forex and stocks. In this comprehensive evaluation, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can respond to the most recent market advancements at low rates. Plus500 Trader 3.11 Download.
Plus500 Trader 3.11 Download
- At Plus500 you can speculate on rate developments at low rates.
- You can trade in an extensive variety of CFD shares.
- It is possible to try Plus500 for free with a demo.
- On Plus500 you can use the user-friendly web trader.
- Plus500 provides its services in more than 30 various languages.
- On Plus500 you can start trading from $100. Plus500 Trader 3.11 Download.
- Plus500 does not supply sophisticated software for expert traders.
- You can not find extensive analyses within the platform.
- Plus500 client service is not available by phone.
- On Plus500 you can only sell CFDs.
Would you like to try the possibilities at Plus500 with a demonstration entirely free of charge and without danger? Use the button below to open a demo account with this broker:
Plus500 Trader 3.11 Download
We talk about the following subjects in the Plus500 evaluation:
- Open account: how can you open an account with Plus500?
- Deposit money: how can you transfer and withdraw money?
- Costs: just how much does trading expense 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?
- Client service: what is the quality of the client service? (costumer-service).
- Dependability: Is this broker reliable? (dependability).
- Info: more info about Plus500 (info).
- Conclusion: the decision of the Plus500 evaluation (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 site. To create a complimentary demonstration account, you simply have to choose an e-mail address and a password. It is likewise possible to visit with your Facebook or Google account. After you have actually left this info, you can immediately start trading. Plus500 Trader 3.11 Download.
Plus500 accepts customers from many nations. 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 evaluation, we for that reason offer Plus500 a favorable score for opening an account. Plus500 Trader 3.11 Download.
Deposit & withdraw cash
When you have ended up being acquainted 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 techniques:
- Bank transfer.
Prior to your deposit can be processed, you must confirm your identity. Plus500 must adhere to legislation and can only get confirmed clients. By verifying new clients, Plus500 prevents costumers from using the represent money laundering.
We have actually gone through the entire procedure and uploaded the required documents. Our account was approved and released by Plus500 within an hour. After confirming the identity of your account, you do not have to do it again. The length of this procedure depends on your personal situation and can be different for each customer.
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 quickly and the money will be in your account within a few days. Plus500 Trader 3.11 Download.
On Plus500 there are no additional costs for depositing and withdrawing money. This is a big benefit of the broker Plus500: lots of other brokers charge a small fee for withdrawing cash. Traders can take advantage of approximately 5 totally free withdrawals a month, after which a charge will be incurred.
Plus500 Trader 3.11 Download
Evaluation of the expenses of Plus500
When you start trading with Plus500, you certainly do not desire a large part of your money to be lost to high transaction expenses. In this part of the evaluation, we take a comprehensive look at the costs of trading with Plus500. Below we briefly analyze 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 price of a CFD. Plus500 uses two spread systems for its instruments: Dynamic spread which is constantly changed according to the market spread during the period a position is open vs. a Spread which does not usually alter in line with basic market fluctuations while a position is open, but when the market is unstable and illiquid, may alter to a new level so that the underlying market conditions are much better shown. Nevertheless, Plus500 intends to supply the tightest possible spreads at all times. Plus500 Trader 3.11 Download.
Forex costs on Plus500
On Plus500 you can sell various currency pairs. 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 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 likewise sell cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against relatively advantageously fees 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 for that reason reasonably helpful at Plus500. (We have extracted these data 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 equates to 0.12% of the total value. Trading CFD Tesla shares is for that reason possible at a low cost. (Please note that this is a snapshot on April 20, 2020 at 13:00.).
Funding costs at Plus500
With Plus500 you have the option 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 financing sell costs. In some cases, you really receive a premium for brief positions. We compared Plus500 with other parties for this review and the funding expenses were reasonably low. Still, it is very important to keep in mind that Plus500 is not very ideal for long-term trading because of the financing costs you have to pay every day. Plus500 Trader 3.11 Download.
Other expenses on Plus500
We have thoroughly examined the costs for this evaluation, and we have not discovered any annoying covert costs. However, you should make sure that you visit to the platform a minimum of when every 3 months. If you do not do this, expenses for lack of exercise will be charged. This is the case with a lot of brokers.
Do you have an account with Plus500 and are you not preparing to trade for a while? Then it is a good idea to withdraw the cash from your account.
You can inspect all Fees 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 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 Trader 3.11 Download.
Nevertheless, the following extra fees may be applied:
Overnight Funding – The overnight financing amount is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The over night financing time and the daily overnight funding portion can be discovered in the “Particulars” link beside the instrument’s name on the primary screen of the platform.
Currency Conversion Fee – 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 depend on 0.7% of the trade’s understood net revenue and loss and shown in real time into the unrealised net revenue and loss of an employment opportunity.
Lack of exercise Fee – A cost of as much as USD 10 per month will be levied, ought to you not log in to your trading account for a period of at least three months. This fee will be charged once a month from that moment onwards, as long as no login is made to the account. The lack of exercise cost will be equal to the lesser of the staying 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 readily available, although it has actually not been used. Please note that the cost is just gathered from the Real Money account and just when there are enough available funds in the account. In order to avoid this charge, simply 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 pick this feature, please note that as it ensures that your position (trade) closes at a specific requested rate (cost), the trade undergoes 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 numerous costs you pay when you trade with Plus500.
Plus500 Trader 3.11 Download
Software application & possibilities
When you start trading, we comprehend that you naturally likewise want to utilize a great software package. With Plus500 trading is mainly done through the online WebTrader. An excellent benefit of the WebTrader is the ease of access: you can log in to the platform at any time and from any place to open or close a position.
What stood out in our evaluation 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 for that reason not need to browse long for buy & offer buttons on Plus500. Plus500 Trader 3.11 Download.
Opening a trade
Opening a trade with Plus500 is rather simple. It is essential to bear in mind that with Plus500 you always trade in CFDs. With Plus500 you never directly trade in a share. The only thing that identifies your result is the distinction between the cost at which you open and close the position.
When you open a position, you have 2 alternatives. You can purchase 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 positive result with a falling price. Considering that you use take advantage of there is a high threat of losing money quickly due to take advantage of.
The option to hypothesize on a decreasing rate is a significant advantage within the Plus500 platform. The alternative to brief sell increases your flexibility and makes it possible to react to different market circumstances.
Type of orders
With Plus500 you can immediately open an order. When you push buy or sell you will see the screen listed below:
In the order screen you can go into the amount you want to trade with. You also have the alternative to automatically open or close the position after a particular rate has actually been reached. This makes it possible to protect you trades when you have to go out. Plus500 Trader 3.11 Download.
It is likewise possible to position an order with Plus500. You do this by getting in a rate at which you automatically open the CFD position. By using orders, you can attain even better trading outcomes.
With Plus500 you have the alternative to apply a leverage. With a lever you can take a bigger position with the exact same quantity of money. Both your possible earnings and your possible loss boost when you apply utilize. With each security you can right away see what the optimum utilize is that you can use.
The presence of a leverage is a benefit in the review of Plus500. You can always choose to invest with smaller sized amounts if you want to lower your threat.
On Plus500 you can likewise trade with the mobile application they use. The mobile application is less substantial than the WebTrader. You can carry out less extensive analyses with it. It is useful to also set up the mobile application. With the app you can get warnings when the cost of a security reaches a certain value.
The mobile application is really user-friendly and it is good to change your orders when market conditions alter substantially. The mobile application is for that reason a strength in our review of the Plus500 platform.
Plus500 Trader 3.11 Download
Trading alternatives at Plus500
In this part of the evaluation we will go over the different kinds of securities you can sell with Plus500.
With Plus500 you can sell CFDs on Forex. When you sell Forex, you speculate on rate changes in currency sets. You can for instance location a trade on the development of the euro versus the dollar.
On Plus500 you can also sell a substantial series of CFD shares. The shares are neatly arranged by nation, so you can rapidly find a share to trade.
It’s likewise possible to sell commodities by using CFDs. The most popular commodity for trading is oil. You can typically use an optimum leverage of approximately 1:20 to investments in raw materials. When you sell gold you can use an utilize of 1:20.
On Plus500 you can also trade in CFDs on options. Options frequently move highly: a choice can in some cases rise or fall in value by tens of percent. With CFDs you can use a leverage of up to 1:20 to choices, which even more increases your potential gains or losses.
Indices or ETFs
On Plus500 you can likewise sell CFDs on popular 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 extremely unpredictable and it can therefore be interesting to actively speculate on their cost developments. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to guidelines”). Plus500 Trader 3.11 Download.
Conclusion on the trading choices at Plus500
Plus500 has a large range of tradable CFD securities. Even relatively unknown regional stocks can frequently be discovered on the Plus500 platform. This makes Plus500 an appealing broker for investors from all nations. My experience with Plus50 has for that reason been very positive.
Support & research
In this part of the review, we examine how Plus500 supports traders.
At Plus500 you can perform technical analyses on the graphs. Within the software application you can use various illustration alternatives. You can draw horizontal levels to indicate price levels where the marketplace often moves in the opposing instructions.
You can also add technical indications on the graph. The variety of technical indicators at Plus500 is massive. You can select from more than 100 different alternatives. It is wise to use technical signs. By utilizing technical indications, you can perform better analyses.
The technical analysis choices within the Plus500 software are comprehensive. It is bothersome that you can not save numerous graphs. This indicates that you have to repeat the analyzes regularly. Professional investors would have to download other programs to carry out more complex analyses.
Research and education
In this evaluation we can be fast about the possibilities of research study and education: at Plus500 these choices are completely missing out on. There are no courses or webinars offered at Plus500. This is a downside for individuals who join Plus500 to learn how to trade much better.
It works that you receive an alert within the Plus500 software application when intriguing advancements occur. When the price of, for example, oil falls sharply, you will receive a notice of this occasion. You can then decide for yourself whether you want to take a position on the market development. Plus500 Trader 3.11 Download.
Within the Plus500 software you can also 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 data is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.
Plus500 has a thorough and quick customer care that is readily available in more than 30 languages. Your problems can be fixed quickly in your language.
It is advised to call customer care via live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be fixed nearly right away.
It is also possible to email Plus500. Mails are often responded to 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 ratings sufficiently in terms of customer care. Plus500 Trader 3.11 Download.
Security & reliability
Before you deposit cash with a business, you naturally need to know that it is completely secure to do so. In this part of the evaluation, we look at how trusted Plus500 is.
Supervisors guarantee that brokers comply with the guidelines. Plus500 is monitored by:
- Plus500UK Ltd authorized & controlled by the FCA (# 509909).
- Plus500CY Ltd authorized & regulated 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), accredited by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized monetary supplier in South Africa, FSP # 47546.
Security of your deposits
Depending upon your nationality, you delight in additional security if Plus500 declares bankruptcy. This is done through a so-called financier defense 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 numerous additional guidelines to make sure that your cash is as safe and secure as possible on Plus500. Listed below you can find an overview of these measurements:
Plus500 will never speculate with customers’ cash. All funds are stored in a different savings account, which implies that this money is secure when unforeseen things happen with Plus500. And last but not least, on Plus500 you are protected against a negative balance, since he Negative balance protection is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a residual financial obligation. Plus500 Trader 3.11 Download.
Plus500 is 100% no rip-off. Plus500 firmly manages client possessions. The business is also monitored. Plus500 has been around because 2008 and is even noted on the London stock exchange. These are all good indications that Plus500 is dependable and we have actually concerned that conclusion ourselves.
Plus500 Trader 3.11 Download
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 customers in 2019. Plus500 carried out over 35 million transactions with a value of over $1,000 billion in one year. The headquarters of the company can be discovered in Israel, however they have opened several extra offices in other nations. Do you want to know more about the Plus500 business? In this short article you will discover whatever you require to understand!
Conclusion review Plus500
Plus500 is among the very best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by utilizing the user-friendly software. On Plus500 you can trade at low rates. You also have the opportunity to react to altering market conditions by putting orders on both fluctuating rates. Plus500 Trader 3.11 Download.
Do you want to discover how Plus500 works? Then instantly open a totally free demo-account by pressing the button below: