500 Plus Plus500 Review 2013

Plus500 Evaluation: our experience with this broker – 500 Plus Plus500 Review 2013
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to policies), Forex and stocks. In this comprehensive review, we share our experiences with this broker. In our test, Plus500 emerged as an easy to use broker where you can respond to the current market advancements at low rates. 500 Plus Plus500 Review 2013.

500 Plus Plus500 Review 2013

Advantage Plus500

  • At Plus500 you can speculate on cost developments at low rates.
  • You can sell a substantial variety of CFD shares.
  • It is possible to try Plus500 totally free with a demonstration.
  • On Plus500 you can use the easy to use web trader.
  • Plus500 uses its services in more than 30 various languages.
  • On Plus500 you can start trading from $100. 500 Plus Plus500 Review 2013.

 

Downsides Plus500

  • Plus500 does not provide advanced software for professional traders.
  • You can not discover substantial analyses within the platform.
  • Plus500 customer service is not offered by phone.
  • On Plus500 you can only sell CFDs.

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

–>> Open Demo Account here <<–
79% of retail CFD accounts lose money

500 Plus Plus500 Review 2013

We go over the following topics in the Plus500 review:

  • Open account: how can you open an account with Plus500?
  • Deposit money: how can you deposit and withdraw money?
  • Expenses: 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?
  • Assistance: what assistance do you get when trading?
  • Customer service: what is the quality of the customer service? (costumer-service).
  • Reliability: Is this broker trusted? (reliability).
  • Info: more details about Plus500 (info).
  • Conclusion: the verdict of the Plus500 review (conclusion).

 

Opening an account with Plus500
To do this you must initially check out the Plus500 site. Click here * to open the Plus500 website. To produce a totally free demonstration account, you just have 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 info, you can instantly start trading. 500 Plus Plus500 Review 2013.

500 Plus Plus500 Review 2013

Plus500 accepts customers from many nations. There are also nationalities 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 therefore provide Plus500 a positive rating for opening an account. 500 Plus Plus500 Review 2013.

 

Deposit & withdraw money
When you have ended up being acquainted 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 utilizing among these approaches:

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

Before your deposit can be processed, you must validate your identity. Plus500 should adhere to legislation and can just receive confirmed consumers. By verifying new clients, Plus500 avoids clients from utilizing the account for cash laundering.

500 Plus Plus500 Review 2013

We’ve gone through the entire procedure and uploaded the needed documents. Our account was authorized and released by Plus500 within an hour. After validating the identity of your account, you do not have to do it again. The length of this procedure depends upon your personal scenario and can be various for each costumer.

 

Withdraw cash
You can withdraw the money into your account at any time. You can do this by transferring the money to your bank account or PayPal account. The transfer is made quickly and the money will be in your account within a couple of days. 500 Plus Plus500 Review 2013.

500 Plus Plus500 Review 2013

 

On Plus500 there are no additional costs for depositing and withdrawing money. This is a huge benefit of the broker Plus500: many other brokers charge a small cost for withdrawing money. Traders can make the most of approximately 5 totally free withdrawals a month, after which a charge will be incurred.

–>> Open Demo Account here <<–
79% of retail CFD accounts lose money

500 Plus Plus500 Review 2013

Evaluation of the costs of Plus500
When you begin trading with Plus500, you undoubtedly do not desire a big part of your cash to be lost to high transaction costs. In this part of the evaluation, we take a comprehensive look at the costs of trading with Plus500. Listed below we quickly take a look at which costs Plus500 passes on to its consumers.

 

Spread
With Plus500 you pay a spread over every deal. The spread is the difference in between the buy and sell rate of a CFD. Plus500 provides 2 spread mechanisms for its instruments: Dynamic spread which is continuously changed according to the market spread throughout the period a position is open vs. a Spread which does not usually alter in line with general market variations while a position is open, but when the market is volatile and illiquid, might alter to a new level so that the underlying market conditions are better reflected. Plus500 intends to offer the tightest possible spreads at all times. 500 Plus Plus500 Review 2013.

 

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

 

Cryptocurrency expenses on Plus500
On Plus500 you can also trade in cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade versus relatively 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 advantageous at Plus500. (We have extracted 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 relates 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 snapshot on April 20, 2020 at 13:00.).

 

Financing expenses at Plus500
With Plus500 you have the option to trade on margin. Because you can trade on margin, you do not need 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 funding buy and the overnight funding offer costs. In some cases, you really receive a premium for brief positions. We compared Plus500 with other celebrations for this review and the financing costs were fairly low. Still, it is necessary to remember that Plus500 is not very appropriate for long-lasting trading because of the financing charges you need to pay daily. 500 Plus Plus500 Review 2013.

 

Other costs on Plus500
We have actually extensively investigated the costs for this evaluation, and we have not discovered any bothersome covert expenses. However, you need to guarantee that you visit to the platform a minimum of as soon as every three months. If you do not do this, expenses for lack of exercise will be charged. This holds true 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 cash from your account.

 

You can examine all Charges 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 implies 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. 500 Plus Plus500 Review 2013.

However, the following extra 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 particular time (the “Overnight Financing Time”).
The overnight funding time and the day-to-day overnight financing portion can be found in the “Details” link beside the instrument’s name on the primary screen of the platform.

Currency Conversion Cost – 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 Charge will currently be up to 0.7% of the trade’s realised net profit and loss and reflected in real time into the unrealised net earnings and loss of an open position.

Inactivity Charge – A charge of approximately USD 10 per month will be imposed, ought to you not visit to your trading account for a period of a minimum of three months. This cost will be charged when a month from that moment onwards, as long as no login is made to the account. The inactivity cost will amount to the lesser of the remaining available balance in your account or USD 10 (or equivalent depending on your currency). This is to offset the expense sustained in making the service offered, despite the fact that it has not been used. Please note that the charge is only collected from the Genuine Cash account and just when there are enough available funds in the account. In order to avoid this fee, merely log into your trading account from time to time, as this is deemed adequate activity to prevent a fee from being charged.

Surefire Stop Order – if you choose this feature, please note that as it ensures that your position (trade) closes at a particular requested rate (price), the trade undergoes a larger 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 article about the costs on Plus500, we take a closer look at the numerous costs you pay when you trade with Plus500.

500 Plus Plus500 Review 2013

Software & possibilities
When you start trading, we understand that you naturally also wish to utilize an excellent software package. With Plus500 trading is primarily done via the online WebTrader. A terrific 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 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 wish to trade. New consumers will therefore not have to search wish for purchase & sell buttons on Plus500. 500 Plus Plus500 Review 2013.

 

Opening a trade
Opening a trade with Plus500 is rather simple. It is very important to keep in mind that with Plus500 you always trade in CFDs. With Plus500 you never ever straight trade in a share. The only thing that identifies your outcome is the distinction between the price at which you open and close the position.

When you open a position, you have 2 options. You can buy the CFD or you can go short on the CFD. When you buy the CFD you get a favorable outcome with a rising price and when you offer the CFD you get a favorable result with a falling cost. Considering that you use leverage there is a high danger of losing cash quickly due to utilize.

 

The option to speculate on a decreasing rate is a major advantage within the Plus500 platform. The alternative to short sell increases your versatility and makes it possible to respond to different market circumstances.

 

Kind of orders
With Plus500 you can right away open an order. When you press buy or sell you will see the screen listed below:

500 Plus Plus500 Review 2013

In the order screen you can enter the amount you wish to trade with. You also have the alternative to instantly open or close the position after a specific price has been reached. This makes it possible to secure you trades when you need to go out. 500 Plus Plus500 Review 2013.

It is also 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 better trading results.

500 Plus Plus500 Review 2013

 

Leverage
With Plus500 you have the option to apply a leverage. With a lever you can take a larger position with the very same amount of cash. Both your potential earnings and your potential loss increase when you use leverage. With each security you can right away see what the optimum utilize is that you can apply.

The existence of a leverage is a benefit in the review of Plus500. You can constantly choose to invest with smaller quantities if you want to lower your danger.

 

Mobile application
On Plus500 you can also trade with the mobile application they use. The mobile application is less comprehensive than the WebTrader. You can perform less extensive analyses with it. It is helpful to likewise 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 excellent to change your orders when market conditions alter substantially. The mobile application is for that reason a strong point in our evaluation of the Plus500 platform.

500 Plus Plus500 Review 2013

Trading alternatives at Plus500
In this part of the evaluation we will discuss the different types of securities you can trade in with Plus500.

Forex
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you speculate on rate modifications in currency sets. You can for instance place a trade on the advancement of the euro versus the dollar.

Shares
On Plus500 you can likewise trade in an extensive series of CFD shares. The shares are neatly sorted by country, so you can rapidly find a share to trade.

Commodities
It’s also possible to trade in commodities by using CFDs. The most popular product for trading is oil. You can often apply an optimum utilize of as much as 1:20 to financial investments in basic materials. When you sell gold you can apply a leverage of 1:20.

Options
On Plus500 you can likewise trade in CFDs on choices. Options typically move highly: an alternative can in some cases rise or fall in value by tens of percent. With CFDs you can apply an utilize of up to 1:20 to alternatives, which even more increases your prospective gains or losses.

Indices or ETFs
On Plus500 you can also sell CFDs on widely known indexes or ETFs. You can for instance sell the Dow Jones or NASDAQ index trackers.


Cryptocurrencies

At Plus500 you can likewise trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are very unpredictable and it can for that reason be interesting to actively speculate on their price advancements. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to policies”). 500 Plus Plus500 Review 2013.


Conclusion on the trading options at Plus500

Plus500 has a vast array of tradable CFD securities. Even fairly unidentified local stocks can typically be discovered on the Plus500 platform. This makes Plus500 an attractive broker for investors from all nations. My experience with Plus50 has actually for that reason been extremely positive.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the graphs. Within the software application you can utilize different drawing alternatives. You can draw horizontal levels to indicate price levels where the market frequently relocates the opposing instructions.

500 Plus Plus500 Review 2013

You can also include technical indications on the chart. The variety of technical indicators at Plus500 is enormous. You can select from more than 100 different alternatives. It is wise to utilize technical signs. By using technical signs, you can perform better analyses.

500 Plus Plus500 Review 2013

The technical analysis alternatives within the Plus500 software are comprehensive. Nevertheless, it is inconvenient that you can not conserve multiple charts. This implies that you have to repeat the examines routinely. Professional investors would need to download other programs to perform more complex analyses.

 

Research and education
In this evaluation we can be quick about the possibilities of research and education: at Plus500 these choices are totally missing out on. There are no courses or webinars offered at Plus500. This is a disadvantage for people who sign up with Plus500 to discover how to trade much better.

It works that you receive an alert within the Plus500 software application when fascinating advancements happen. When the price of, for example, oil falls dramatically, you will receive a notification of this event. You can then decide for yourself whether you want to take a position on the marketplace development. 500 Plus Plus500 Review 2013.

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 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.

 

Customer support
Plus500 has an extensive and fast customer service that is offered in more than 30 languages. Your problems can be resolved quickly in your language.

It is recommended to call customer service via live chat. You can use the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be fixed practically immediately.

It is likewise possible to email Plus500. Mails are frequently responded to within a day. It is a pity that no telephone number is offered. This makes it impossible to speak directly to someone. Due to the fast processing time, Plus500 still ratings adequately in terms of customer service. 500 Plus Plus500 Review 2013.

500 Plus Plus500 Review 2013

 

Security & reliability
Prior to you deposit cash with a company, you naturally wish to know that it is totally secure to do so. In this part of the review, we look at how trusted Plus500 is.

Guideline
Supervisors make sure that brokers abide by the rules. Plus500 is supervised by:

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

Security of your deposits
Depending on your citizenship, you take pleasure in additional protection if Plus500 declares bankruptcy. This is done through a so-called financier protection fund. All customer funds are kept in a segregated client bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has actually likewise set numerous extra rules to ensure that your cash is as secure as possible on Plus500. Listed below you can find an overview of these measurements:

500 Plus Plus500 Review 2013

Plus500 will never hypothesize with consumers’ cash. All funds are kept in a different bank account, which indicates that this money is protected when unexpected things occur with Plus500. And lastly, on Plus500 you are secured versus a negative balance, because he Unfavorable balance protection is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a recurring financial obligation. 500 Plus Plus500 Review 2013.

 

Conclusion reliability
Plus500 is 100% no rip-off. Plus500 firmly handles consumer possessions. The company is also monitored. Plus500 has actually been around considering that 2008 and is even listed on the London stock exchange. These are all good indicators that Plus500 is reliable and we have pertained to that conclusion ourselves.

500 Plus Plus500 Review 2013

About the company
Plus500 was founded in 2008 and has grown strongly since then. Plus500 is active in more than 30 nations and served more than 200,000 active clients in 2019. Plus500 performed over 35 million transactions with a worth of over $1,000 billion in one year. The head office of the company can be discovered in Israel, however they have actually opened numerous additional offices in other countries. Do you wish to know more about the Plus500 company? In this short article you will find whatever you need to know!

500 Plus Plus500 Review 2013

Conclusion evaluation Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by using the easy to use software. On Plus500 you can trade at low rates. You likewise have the chance to react to changing market conditions by putting orders on both fluctuating rates. 500 Plus Plus500 Review 2013.

Do you want to discover how Plus500 works? Then instantly open a free demo-account by pushing the button below:

 

–>> Open Demo Account here <<–

79% of retail CFD accounts lose money