How To Use Plus500 Trading Platform

Plus500 Review: our experience with this broker – How To Use Plus500 Trading Platform
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule subject to regulations), Forex and stocks. In this comprehensive review, we share our experiences with this broker. In our test, Plus500 emerged as an user-friendly broker where you can react to the current market developments at low rates. How To Use Plus500 Trading Platform.

How To Use Plus500 Trading Platform

Advantage Plus500

  • At Plus500 you can speculate on cost advancements at low rates.
  • You can trade in a comprehensive variety of CFD shares.
  • It is possible to attempt Plus500 for free with a demonstration.
  • On Plus500 you can utilize the easy to use web trader.
  • Plus500 uses its services in more than 30 various languages.
  • On Plus500 you can begin trading from $100. How To Use Plus500 Trading Platform.

 

Downsides Plus500

  • Plus500 does not supply sophisticated software application for expert traders.
  • You can not find extensive analyses within the platform.
  • Plus500 customer care is not readily available by phone.
  • On Plus500 you can only sell CFDs.

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

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

How To Use Plus500 Trading Platform

We discuss the following topics in the Plus500 review:

  • Open account: how can you open an account with Plus500?
  • Deposit cash: how can you deposit and withdraw money?
  • Expenses: how much does trading cost on Plus500?
  • Performances: what are the possibilities of the software?
  • Trading options: in what securities you trade on Plus500?
  • Assistance: what support do you receive when trading?
  • Customer service: what is the quality of the costumer service? (costumer-service).
  • Reliability: Is this broker reputable? (reliability).
  • Info: more info about Plus500 (info).
  • Conclusion: the verdict of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you need to first check out the Plus500 website. Click here * to open the Plus500 site. To create a complimentary demo account, you simply need 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 information, you can right away start trading. How To Use Plus500 Trading Platform.

How To Use Plus500 Trading Platform

Plus500 accepts customers from many nations. However, there are likewise nationalities that are not admitted to Plus500. Traders from for example, 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. How To Use Plus500 Trading Platform.

 

Deposit & withdraw cash
When you have ended up being knowledgeable about the Plus500 platform, you can switch to a genuine cash account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by utilizing among these approaches:

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

Before your deposit can be processed, you must confirm your identity. Plus500 needs to adhere to legislation and can only get verified clients. By validating new customers, Plus500 avoids customers from using the represent money laundering.

How To Use Plus500 Trading Platform

We’ve gone through the whole procedure and published the required files. Our account was authorized 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 process depends on your personal circumstance and can be different for each customer.

 

Withdraw money
You can withdraw the cash 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 rapidly and the cash will remain in your account within a few days. How To Use Plus500 Trading Platform.

How To Use Plus500 Trading Platform

 

On Plus500 there are no additional expenses for transferring and withdrawing money. This is a huge advantage of the broker Plus500: numerous other brokers charge a little charge for withdrawing money. Traders can take advantage of up to 5 totally free withdrawals a month, after which a cost will be incurred.

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

How To Use Plus500 Trading Platform

Review of the costs of Plus500
When you start trading with Plus500, you clearly do not desire a large part of your cash to be lost to high transaction expenses. In this part of the evaluation, we take a detailed look at the costs of trading with Plus500. Below we briefly examine which costs Plus500 passes on to its clients.

 

Spread
With Plus500 you pay a spread over every deal. The spread is the distinction in between the buy and sell rate of a CFD. Plus500 offers 2 spread systems for its instruments: Dynamic spread which is continuously adjusted according to the marketplace spread throughout the period a position is open vs. a Spread which does not generally alter in line with general market fluctuations while a position is open, but when the market is volatile and illiquid, might change to a new level so that the underlying market conditions are better reflected. However, Plus500 intends to offer the tightest possible spreads at all times. How To Use Plus500 Trading Platform.

 

Forex expenses on Plus500
On Plus500 you can sell various 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 providers and concluded that these costs 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 trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade versus reasonably 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 fairly helpful at Plus500. (We have extracted these information on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can also trade in shares by using CFDs. As an example: For the CFD share Tesla you presently pay a spread of $ 0.95, which corresponds to 0.12% of the total worth. 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.).

 

Financing costs at Plus500
With Plus500 you have the option to trade on margin. Because 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 over night funding buy and the overnight financing sell expenses. In some cases, you in fact receive a premium for brief positions. We compared Plus500 with other parties for this review and the financing costs were fairly low. Still, it is very important to bear in mind that Plus500 is not very appropriate for long-lasting trading because of the financing charges you have to pay on a daily basis. How To Use Plus500 Trading Platform.

 

Other expenses on Plus500
We have actually thoroughly examined the costs for this review, and we have actually not discovered any frustrating concealed costs. Nevertheless, you need to make sure that you visit to the platform a minimum of as soon as every three months. If you do not do this, costs for inactivity 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? Then it is smart to withdraw the cash from your account.

 

You can inspect all Charges here:

Plus500 is mainly made up 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 suggests 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. How To Use Plus500 Trading Platform.

The following additional fees may be applied:

Overnight Funding – The overnight financing quantity is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Financing Time”).
The over night financing time and the day-to-day overnight funding portion can be found in the “Particulars” link next to the instrument’s name on the primary screen of the platform.

Currency Conversion Cost – Plus500 will charge a Currency Conversion Cost 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 realised internet revenue and loss and shown in real time into the unrealised net profit and loss of an open position.

Lack of exercise Charge – A fee of up to USD 10 monthly will be imposed, must you not visit to your trading account for a duration 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 charge will amount to the lesser of the staying offered balance in your account or USD 10 (or equivalent depending upon your currency). This is to offset the cost incurred in making the service offered, even though it has not been utilized. Please note that the fee is just gathered from the Genuine Cash account and only when there are sufficient offered funds in the account. In order to avoid this cost, just log into your trading account from time to time, as this is deemed sufficient activity to prevent a cost from being charged.

Surefire Stop Order – if you select this function, please note that as it guarantees that your position (trade) closes at a particular requested rate (price), the trade goes through a larger spread.

 

Conclusion Plus500 fees
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 post about the expenses on Plus500, we take a closer take a look at the different expenses you pay when you trade with Plus500.

How To Use Plus500 Trading Platform

Software application & possibilities
When you start trading, we understand that you of course also wish to use a good software package. With Plus500 trading is primarily done via the online WebTrader. A terrific advantage 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 out 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 wish to trade. New customers will for that reason not have to browse long for purchase & offer buttons on Plus500. How To Use Plus500 Trading Platform.

 

Opening a trade
Opening a trade with Plus500 is rather simple. It is essential to bear in mind that with Plus500 you constantly sell CFDs. With Plus500 you never straight sell a share. The only thing that determines your outcome 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 result with an increasing rate and when you sell the CFD you get a favorable result with a falling rate. Because you use utilize there is a high threat of losing cash quickly due to take advantage of.

 

The choice to hypothesize on a declining rate is a significant benefit within the Plus500 platform. The choice to short sell increases your flexibility and makes it possible to respond to various 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:

How To Use Plus500 Trading Platform

In the order screen you can get in the amount you want to trade with. You also have the alternative to automatically open or close the position after a particular rate has been reached. This makes it possible to protect you trades when you need to go out. How To Use Plus500 Trading Platform.

It is also possible to put an order with Plus500. You do this by entering a cost at which you automatically open the CFD position. By utilizing orders, you can accomplish even much better trading results.

How To Use Plus500 Trading Platform

 

Leverage
With Plus500 you have the option to use a leverage. With a lever you can take a bigger position with the exact same amount of cash. Both your potential revenue and your possible loss increase when you use leverage. With each security you can immediately see what the maximum take advantage of is that you can use.

The existence of an utilize is an advantage in the evaluation of Plus500. You can always decide to invest with smaller amounts if you want to reduce your risk.

 

Mobile application
On Plus500 you can also trade with the mobile application they use. The mobile application is less substantial than the WebTrader. You can perform less comprehensive analyses with it. It is useful to likewise set up the mobile application. With the app you can get cautions when the rate of a security reaches a specific value.

The mobile application is extremely user-friendly and it is excellent to adjust your orders when market conditions alter considerably. The mobile application is for that reason a strength in our review of the Plus500 platform.

How To Use Plus500 Trading Platform

Trading options at Plus500
In this part of the evaluation we will discuss the various types of securities you can sell with Plus500.

Forex
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you speculate on cost modifications in currency pairs. You can for example location a trade on the development of the euro against the dollar.

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

Commodities
It’s likewise possible to sell commodities by utilizing CFDs. The most popular commodity for trading is oil. You can often use an optimum leverage of as much as 1:20 to investments in raw materials. When you trade in gold you can apply an utilize of 1:20.

Options
On Plus500 you can likewise trade in CFDs on choices. Options frequently move strongly: an option can sometimes rise or fall in worth by 10s of percent. With CFDs you can use a leverage of approximately 1:20 to choices, which even more increases your potential gains or losses.

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


Cryptocurrencies

At Plus500 you can also trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are really volatile and it can for that reason be interesting to actively hypothesize on their rate developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to guidelines”). How To Use Plus500 Trading Platform.


Conclusion on the trading alternatives at Plus500

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

 

Assistance & research
In this part of the review, we examine how Plus500 supports traders.

 

Technical analyses
At Plus500 you can carry out technical analyses on the graphs. Within the software application you can use different drawing options. You can draw horizontal levels to suggest price levels where the market frequently relocates the opposing direction.

How To Use Plus500 Trading Platform

You can also include technical indicators on the graph. The variety of technical indications at Plus500 is massive. You can select from more than 100 different alternatives. It is a good idea to utilize technical indications. By utilizing technical indications, you can perform much better analyses.

How To Use Plus500 Trading Platform

The technical analysis options within the Plus500 software application are extensive. However, it is inconvenient that you can not save several graphs. This suggests that you have to repeat the evaluates routinely. Professional investors would have to download other programs to perform more complex analyses.

 

Research and education
In this evaluation we can be quick about the possibilities of research study and education: at Plus500 these options are totally missing out on. There are no courses or webinars available at Plus500. This is a disadvantage for individuals who join Plus500 to discover how to trade much better.

It works that you receive a notification within the Plus500 software when interesting developments occur. When the rate of, for instance, oil falls greatly, you will get a notice of this occasion. You can then decide on your own whether you want to take a position on the market development. How To Use Plus500 Trading Platform.

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 buyers or sellers. Other fundamental information 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 a thorough and fast customer care that is available in more than 30 languages. Your problems can be fixed rapidly in your language.

It is advised to call client service by means of live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be solved practically immediately.

It is likewise possible to email Plus500. Mails are frequently responded to within a day. It is a pity that no phone number is offered. This makes it impossible to speak straight to somebody. Due to the fast processing time, Plus500 still ratings adequately in regards to customer support. How To Use Plus500 Trading Platform.

How To Use Plus500 Trading Platform

 

Security & reliability
Prior to you transfer money with a business, you naturally would like to know that it is totally safe and secure to do so. In this part of the review, we look at how dependable Plus500 is.

Guideline
Supervisors ensure that brokers comply with the guidelines. Plus500 is supervised by:

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

Security of your deposits
Depending upon your citizenship, you enjoy extra security if Plus500 declares bankruptcy. This is done through a so-called financier protection fund. All customer 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 numerous extra rules to ensure that your money is as secure as possible on Plus500. Listed below you can find an introduction of these measurements:

How To Use Plus500 Trading Platform

Plus500 will never hypothesize with customers’ cash. All funds are kept in a different bank account, which implies that this money is safe when unanticipated things occur with Plus500. And lastly, on Plus500 you are secured against an unfavorable balance, since he Negative balance defense is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted to a residual debt. How To Use Plus500 Trading Platform.

 

Conclusion dependability
Plus500 is 100% no fraud. Plus500 safely manages client possessions. The business is also monitored. Plus500 has actually been around considering that 2008 and is even listed on the London stock market. These are all excellent indicators that Plus500 is dependable and we have come to that conclusion ourselves.

How To Use Plus500 Trading Platform

About the company
Plus500 was founded in 2008 and has grown strongly ever since. Plus500 is active in more than 30 countries and served more than 200,000 active clients in 2019. Plus500 carried out over 35 million transactions 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 numerous extra offices in other nations. Do you wish to know more about the Plus500 company? In this post you will find everything you require to understand!

How To Use Plus500 Trading Platform

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 user-friendly software. On Plus500 you can trade at low rates. You also have the chance to respond to changing market conditions by putting orders on both fluctuating prices. How To Use Plus500 Trading Platform.

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

 

–>> Open Demo Account here <<–

79% of retail CFD accounts lose money