Plus500 Evaluation: our experience with this broker
Plus500 is an online broker where you can speculate 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 user-friendly broker where you can react to the current market developments at low rates. Tutoriel Plus500.
- At Plus500 you can hypothesize on cost developments at low rates.
- You can trade in an extensive variety of CFD shares.
- It is possible to try Plus500 free of charge with a demonstration.
- On Plus500 you can use the user-friendly web trader.
- Plus500 offers its services in more than 30 different languages.
- On Plus500 you can begin trading from $100. Tutoriel Plus500.
- Plus500 does not supply advanced software for expert traders.
- You can not discover comprehensive analyses within the platform.
- Plus500 customer care 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 totally free of charge and without danger? Utilize the button listed below to open a demo account with this broker:
We discuss 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 cost on Plus500?
- Functionalities: what are the possibilities of the software?
- Trading alternatives: in what securities you trade on Plus500?
- Support: what support do you receive when trading?
- Costumer service: what is the quality of the client service? (costumer-service).
- Reliability: Is this broker trustworthy? (dependability).
- Information: more details about Plus500 (information).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you should initially visit the Plus500 site. Click on this link * to open the Plus500 website. To create a free demo account, you simply need to pick an e-mail address and a password. It is also possible to visit with your Facebook or Google account. After you have left this details, you can immediately start trading. Tutoriel Plus500.
Plus500 accepts customers from the majority of nations. There are also citizenships that are not confessed 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 review, we for that reason provide Plus500 a favorable ranking for opening an account. Tutoriel Plus500.
Deposit & withdraw money
When you have actually ended up being familiar 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 money into your account by utilizing among these approaches:
- Bank transfer.
Before your deposit can be processed, you need to confirm your identity. Plus500 needs to abide by legislation and can just get validated customers. By confirming new clients, Plus500 avoids clients from using the represent cash laundering.
We’ve gone through the entire procedure and submitted the needed documents. Our account was approved and released by Plus500 within an hour. After confirming the identity of your account, you don’t need to do it once again. The length of this process depends on your personal situation and can be different for each costumer.
You can withdraw the cash into your account at any time. You can do this by transferring the cash to your checking account or PayPal account. The transfer is made quickly and the money will be in your account within a couple of days. Tutoriel Plus500.
On Plus500 there are no additional expenses for transferring and withdrawing cash. This is a big advantage of the broker Plus500: many other brokers charge a little cost for withdrawing money. Traders can make the most of up to 5 complimentary withdrawals a month, after which a fee will be incurred.
Review of the costs of Plus500
When you begin trading with Plus500, you obviously do not desire a big part of your money to be lost to high transaction costs. In this part of the evaluation, we take an in-depth look at the charges of trading with Plus500. Below we briefly examine which costs Plus500 passes on to its consumers.
With Plus500 you pay a spread over every transaction. The spread is the difference between the buy and sell cost of a CFD. Plus500 provides 2 spread mechanisms for its instruments: Dynamic spread which is continuously adjusted according to the marketplace spread out throughout the period a position is open vs. a Spread which does not usually change in line with general market changes while a position is open, however when the marketplace is unpredictable and illiquid, might alter to a brand-new level so that the underlying market conditions are much better shown. Plus500 intends to offer the tightest possible spreads at all times. Tutoriel Plus500.
Forex expenses on Plus500
On Plus500 you can trade in different currency pairs. At the time of composing, you are paying 0.6 pips in deal 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 extracted these data 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 charges 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 for that reason relatively advantageous at Plus500. (We have drawn out these data on the 2th of June 14:00.).
Share costs on Plus500
At Plus500 you can also 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 total worth. 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 costs 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 total 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 costs. Sometimes, you in fact receive a premium for brief positions. We compared Plus500 with other parties for this review and the financing expenses were reasonably low. Still, it is important to bear in mind that Plus500 is not very ideal for long-term trading because of the funding charges you have to pay on a daily basis. Tutoriel Plus500.
Other expenses on Plus500
We have extensively investigated the costs for this evaluation, and we have not found any frustrating surprise costs. Nevertheless, you need to guarantee that you visit to the platform at least when every three months. If you don’t do this, expenses for lack of exercise 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 wise to withdraw the money from your account.
You can inspect all Charges here:
Plus500 is primarily 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 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. Tutoriel Plus500.
However, the following additional charges may be used:
Overnight Financing – The over night funding quantity is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”).
The overnight financing time and the everyday over night funding portion can be discovered in the “Particulars” link beside 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 various to the currency of your account.
The Currency Conversion Cost will currently depend on 0.7% of the trade’s understood web earnings and loss and reflected in real time into the unrealised net profit and loss of an employment opportunity.
Lack of exercise Charge – A cost of up to USD 10 monthly will be levied, must you not log in to your trading represent a period of a minimum of three months. This cost will be charged once a month from that minute onwards, as long as no login is made to the account. The inactivity charge will be equal to the lower of the staying offered 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, even though it has actually not been utilized. However, please note that the cost is only gathered from the Genuine Cash account and only when there suffice readily 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 adequate activity to prevent a charge from being charged.
Surefire Stop Order – if you choose this feature, please note that as it guarantees that your position (trade) closes at a particular requested rate (price), the trade is subject to a larger spread.
Conclusion Plus500 fees
The costs 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 different costs you pay when you trade with Plus500.
Software & possibilities
When you begin trading, we comprehend that you obviously likewise want to use a good software package. With Plus500 trading is generally done by means of the online WebTrader. A terrific advantage of the WebTrader is the availability: you can log in to the platform at any time and from any place to open or close a position.
What stood apart in our review 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 customers will therefore not need to search wish for buy & sell buttons on Plus500. Tutoriel Plus500.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is necessary to bear in mind that with Plus500 you constantly sell CFDs. With Plus500 you never directly trade in a share. The only thing that identifies your result is the difference 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 purchase the CFD you get a positive outcome with a rising cost and when you sell the CFD you get a favorable result with a falling price. Since you use utilize there is a high danger of losing cash quickly due to utilize.
The choice to speculate on a declining price is a major advantage within the Plus500 platform. The alternative to short sell increases your versatility and makes it possible to react to different market situations.
Kind of orders
With Plus500 you can right away open an order. When you press purchase or sell you will see the screen below:
In the order screen you can go into the amount you want to trade with. You also have the option to instantly open or close the position after a specific cost has been reached. This makes it possible to protect you trades when you need to go out. Tutoriel Plus500.
It is likewise possible to position an order with Plus500. You do this by going into a rate at which you instantly open the CFD position. By using orders, you can attain even much better trading results.
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 exact same amount of money. Both your potential profit and your prospective loss boost when you apply leverage. With each security you can instantly 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 constantly choose to invest with smaller sized quantities if you wish to lower your threat.
On Plus500 you can also trade with the mobile application they offer. The mobile application is less extensive than the WebTrader. You can carry out less comprehensive analyses with it. It is helpful to likewise install the mobile application. With the app you can receive cautions when the rate of a security reaches a specific value.
The mobile application is very user-friendly and it is great to change your orders when market conditions change substantially. The mobile application is therefore a strong point in our review of the Plus500 platform.
Trading choices at Plus500
In this part of the evaluation we will talk about the various kinds of securities you can trade in with Plus500.
With Plus500 you can sell CFDs on Forex. When you trade in Forex, you speculate on price changes in currency pairs. You can for instance place a trade on the advancement of the euro against the dollar.
On Plus500 you can also trade in a comprehensive range of CFD shares. The shares are neatly arranged by country, so you can quickly find a share to trade.
It’s likewise possible to trade in products by using CFDs. The most popular product for trading is oil. You can typically use a maximum leverage of as much as 1:20 to financial investments in basic materials. When you sell gold you can use a leverage of 1:20.
On Plus500 you can also sell CFDs on choices. Options typically move strongly: a choice can sometimes increase or fall in value by tens of percent. With CFDs you can apply a leverage of up to 1:20 to alternatives, which further increases your potential gains or losses.
Indices or ETFs
On Plus500 you can likewise sell CFDs on widely 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 well-known cryptocurrencies. Cryptocurrencies are really unpredictable and it can therefore be interesting to actively hypothesize on their rate advancements. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to policies”). Tutoriel Plus500.
Conclusion on the trading alternatives at Plus500
Plus500 has a wide variety of tradable CFD securities. Even reasonably unidentified regional stocks can typically be found on the Plus500 platform. This makes Plus500 an appealing broker for investors from all nations. My experience with Plus50 has actually therefore been very positive.
Support & research
In this part of the evaluation, we investigate how Plus500 supports traders.
At Plus500 you can perform technical analyses on the graphs. Within the software you can use different illustration alternatives. You can draw horizontal levels to show price levels where the market typically relocates the opposing instructions.
You can likewise add technical signs on the chart. The variety of technical indicators at Plus500 is enormous. You can choose from more than 100 different alternatives. It is wise to use technical indicators. By utilizing technical indications, you can carry out better analyses.
The technical analysis choices within the Plus500 software application are substantial. Nevertheless, it is bothersome that you can not conserve multiple graphs. This suggests that you have to repeat the evaluates routinely. Professional financiers would need to download other programs to perform more complex analyses.
Research study and education
In this review we can be fast about the possibilities of research and education: at Plus500 these choices are totally missing. There are no courses or webinars available at Plus500. This is a downside for individuals who sign up with Plus500 to discover how to trade better.
It works that you get a notice within the Plus500 software application when intriguing advancements occur. When the rate of, for example, oil falls greatly, you will receive a notification of this occasion. You can then choose on your own whether you wish to take a position on the market development. Tutoriel Plus500.
Within the Plus500 software you can likewise see how other users sell a security. By taking a look 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 and education in our opinion.
Plus500 has an extensive and quick customer support that is readily available in more than 30 languages. Your problems can be resolved quickly in your language.
It is advised to call customer service through live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be solved nearly right away.
It is also possible to email Plus500. Mails are typically addressed within a day. It is a pity that no telephone number is available. This makes it difficult to speak straight to someone. Due to the fast processing time, Plus500 still ratings sufficiently in terms of client service. Tutoriel Plus500.
Security & dependability
Prior to you transfer money with a company, you naturally wish to know that it is entirely protected to do so. In this part of the evaluation, we take a look at how trustworthy Plus500 is.
Supervisors make sure that brokers follow the rules. Plus500 is supervised by:
- Plus500UK Ltd licensed & regulated by the FCA (# 509909).
- Plus500CY Ltd authorized & managed by the CySEC (# 250/14).
- Plus500SG Pte Ltd, certified 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 financial service provider in South Africa, FSP # 47546.
Security of your deposits
Depending on your citizenship, you enjoy extra defense if Plus500 goes bankrupt. This is done through a so-called financier protection 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 likewise set numerous extra guidelines to make sure that your money is as safe and secure as possible on Plus500. Listed below you can find an overview of these measurements:
Plus500 will never ever speculate with clients’ cash. All funds are saved in a separate bank account, which suggests that this money is secure when unforeseen things occur with Plus500. And lastly, on Plus500 you are safeguarded versus a negative balance, since he Negative balance security is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a residual financial obligation. Tutoriel Plus500.
Plus500 is 100% no scam. Plus500 securely handles customer possessions. 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 signs that Plus500 is dependable and we have concerned that conclusion ourselves.
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 customers in 2019. Plus500 performed over 35 million deals with a value of over $1,000 billion in one year. The head office of the company can be found in Israel, however they have opened several extra workplaces in other countries. Do you want to know more about the Plus500 business? In this short article you will find whatever you require to know!
Conclusion evaluation Plus500
Plus500 is one of the very best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by utilizing the easy to use software. On Plus500 you can trade at low rates. You also have the chance to react to altering market conditions by putting orders on both rising and falling prices. Tutoriel Plus500.
Do you want to find how Plus500 works? Then right away open a totally free demo-account by pressing the button listed below: