Plus500 Evaluation: our experience with this broker – Plus500 Account Demo
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to guidelines), Forex and stocks. In this extensive review, we share our experiences with this broker. In our test, Plus500 emerged as an easy to use broker where you can react to the most recent market developments at low rates. Plus500 Account Demo.
Plus500 Account Demo
- At Plus500 you can speculate on price advancements at low rates.
- You can sell an extensive variety of CFD shares.
- It is possible to try Plus500 for free with a demo.
- On Plus500 you can use the easy to use web trader.
- Plus500 uses its services in more than 30 different languages.
- On Plus500 you can start trading from $100. Plus500 Account Demo.
- Plus500 does not provide innovative software application for expert traders.
- You can not discover comprehensive analyses within the platform.
- Plus500 client service is not readily available by phone.
- On Plus500 you can just sell CFDs.
Would you like to attempt the possibilities at Plus500 with a demo totally free of charge and without risk? Use the button listed below to open a demonstration account with this broker:
Plus500 Account Demo
We go over the following subjects in the Plus500 evaluation:
- Open account: how can you open an account with Plus500?
- Deposit money: how can you deposit and withdraw cash?
- Expenses: how much does trading expense on Plus500?
- Performances: what are the possibilities of the software?
- Trading options: in what securities you trade on Plus500?
- Assistance: what assistance do you receive when trading?
- Customer service: what is the quality of the customer service? (costumer-service).
- Dependability: Is this broker reputable? (dependability).
- Information: more information about Plus500 (info).
- Conclusion: the verdict of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you must first check out the Plus500 website. Click on this link * to open the Plus500 site. To produce a free demonstration account, you simply have to choose 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 instantly start trading. Plus500 Account Demo.
Plus500 accepts clients from a lot of countries. Nevertheless, there are also citizenships that are not confessed 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 provide Plus500 a favorable ranking for opening an account. Plus500 Account Demo.
Deposit & withdraw money
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 using one of these approaches:
- Bank transfer.
Before your deposit can be processed, you must validate your identity. Plus500 should adhere to legislation and can only receive verified clients. By validating new clients, Plus500 prevents costumers from using the account for money laundering.
We’ve gone through the whole process and published the required files. Our account was approved and released by Plus500 within an hour. After verifying the identity of your account, you do not have to do it once again. The length of this process depends on your individual scenario and can be different for each customer.
You can withdraw the cash into your account at any time. You can do this by moving the money to your checking account or PayPal account. The transfer is made quickly and the cash will be in your account within a few days. Plus500 Account Demo.
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 cash. Traders can take advantage of up to 5 free withdrawals a month, after which a fee will be incurred.
Plus500 Account Demo
Review of the expenses of Plus500
When you begin trading with Plus500, you certainly do not desire a big part of your cash to be lost to high deal expenses. In this part of the review, we take an in-depth look at the fees of trading with Plus500. Below we briefly examine which costs Plus500 passes on to its clients.
With Plus500 you pay a spread over every transaction. The spread is the difference in between the buy and sell price of a CFD. Plus500 uses two spread systems for its instruments: Dynamic spread which is continuously changed according to the market spread out during the duration a position is open vs. a Spread which does not normally alter in line with basic market changes while a position is open, however when the market is unpredictable and illiquid, may change to a brand-new level so that the underlying market conditions are better reflected. Nevertheless, Plus500 aims to offer the tightest possible spreads at all times. Plus500 Account Demo.
Forex costs on Plus500
On Plus500 you can sell different 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 expenses with those of other companies and concluded that these expenses are comparable to those of other brokers. (We have drawn out these information 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 against fairly 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 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 sell shares by utilizing CFDs. As an example: For the CFD share Tesla you currently 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 photo on April 20, 2020 at 13:00.).
Funding 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 financing buy and the over night financing sell costs. In some cases, you in fact receive a premium for brief positions. We compared Plus500 with other celebrations for this evaluation and the funding expenses were reasonably low. Still, it is important to keep in mind that Plus500 is not extremely ideal for long-term trading because of the funding costs you have to pay every day. Plus500 Account Demo.
Other costs on Plus500
We have extensively investigated the costs for this evaluation, and we have not found any frustrating hidden expenses. You need to make sure that you log in to the platform at least when every three months. If you do not do this, expenses 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? It is sensible to withdraw the money from your account.
You can examine all Costs here:
Plus500 is primarily 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 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 Account Demo.
The following extra fees might be used:
Overnight Financing – The over night funding amount is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Financing Time”).
The over night funding time and the everyday over night financing percentage can be discovered in the “Details” link next to the instrument’s name on the primary screen of the platform.
Currency Conversion Fee – Plus500 will charge a Currency Conversion Charge for all trades on instruments denominated in a currency different to the currency of your account.
The Currency Conversion Fee will presently be up to 0.7% of the trade’s realised web profit and loss and reflected in real time into the unrealised net profit and loss of an open position.
Lack of exercise Cost – A cost of up to USD 10 per month will be levied, need to you not visit to your trading account for a period of at least three months. This charge will be charged when a month from that moment onwards, as long as no login is made to the account. The inactivity fee will be equal to the lower of the staying offered balance in your account or USD 10 (or equivalent depending on your currency). This is to offset the expense incurred in making the service available, even though it has actually not been utilized. Nevertheless, please note that the cost is just gathered from the Real Money account and just when there suffice readily available funds in the account. In order to avoid this charge, simply log into your trading account from time to time, as this is deemed adequate activity to prevent a charge from being charged.
Surefire Stop Order – if you pick this feature, please note that as it ensures that your position (trade) closes at a particular asked for rate (price), the trade is subject to a larger spread.
Conclusion Plus500 costs
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 numerous expenses you pay when you trade with Plus500.
Plus500 Account Demo
Software & possibilities
When you start trading, we understand that you of course likewise want to utilize a great software package. With Plus500 trading is mainly done via the online WebTrader. A great benefit of the WebTrader is the availability: 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 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 customers will for that reason not need to browse wish for purchase & offer buttons on Plus500. Plus500 Account Demo.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is important to bear in mind that with Plus500 you always sell CFDs. With Plus500 you never directly sell a share. The only thing that identifies your outcome is the difference in 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 purchase the CFD you get a positive result with a rising cost and when you sell the CFD you get a positive outcome with a falling price. Given that you utilize take advantage of there is a high threat of losing money quickly due to utilize.
The choice to hypothesize on a decreasing cost is a significant benefit within the Plus500 platform. The alternative to short sell increases your flexibility and makes it possible to react to various market situations.
Type of orders
With Plus500 you can instantly open an order. When you push buy or sell you will see the screen below:
In the order screen you can get in the amount you want to trade with. You also have the alternative to immediately open or close the position after a particular price has been reached. This makes it possible to safeguard you trades when you need to go out. Plus500 Account Demo.
It is likewise possible to position an order with Plus500. You do this by entering a price at which you automatically open the CFD position. By utilizing orders, you can accomplish even much better trading outcomes.
With Plus500 you have the alternative to apply a leverage. With a lever you can take a bigger position with the same quantity of money. Both your potential profit 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 apply.
The existence of a leverage is a benefit in the evaluation of Plus500. You can always choose to invest with smaller amounts if you want to reduce your risk.
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less comprehensive 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 cost of a security reaches a specific worth.
The mobile application is extremely user-friendly and it is good to change your orders when market conditions alter substantially. The mobile application is for that reason a strong point in our review of the Plus500 platform.
Plus500 Account Demo
Trading alternatives at Plus500
In this part of the review we will discuss the different types of securities you can trade in with Plus500.
With Plus500 you can sell CFDs on Forex. When you sell Forex, you hypothesize on cost changes in currency pairs. You can for example place a trade on the advancement of the euro versus the dollar.
On Plus500 you can likewise sell an extensive variety of CFD shares. The shares are nicely arranged by country, so you can quickly discover a share to trade.
It’s also possible to sell products by using CFDs. The most popular product for trading is oil. You can often apply an optimum utilize of up to 1:20 to investments in raw materials. When you trade in gold you can apply an utilize of 1:20.
On Plus500 you can likewise sell CFDs on choices. Choices frequently move highly: an option can in some cases increase or fall in value by tens of percent. With CFDs you can apply an utilize of up to 1:20 to options, which even more increases your potential gains or losses.
Indices or ETFs
On Plus500 you can also trade in CFDs on popular indexes or ETFs. You can for instance trade in the Dow Jones or NASDAQ index trackers.
At Plus500 you can also trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are extremely unstable and it can for that reason be interesting to actively speculate on their cost developments. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument accessibility subject to policies”). Plus500 Account Demo.
Conclusion on the trading alternatives at Plus500
Plus500 has a wide variety of tradable CFD securities. Even relatively unknown regional stocks can typically be found on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all countries. My experience with Plus50 has therefore been extremely favorable.
Support & research
In this part of the evaluation, we examine how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the graphs. Within the software you can use different illustration options. You can draw horizontal levels to suggest price levels where the marketplace typically moves in the opposing direction.
You can also include technical indications on the graph. The variety of technical indicators at Plus500 is massive. You can choose from more than 100 various options. It is smart to utilize technical indications. By using technical signs, you can carry out better analyses.
The technical analysis options within the Plus500 software are comprehensive. It is troublesome that you can not conserve several charts. This means that you need to repeat the evaluates regularly. Professional investors would have to download other programs to carry out more complex analyses.
Research and education
In this review we can be quick about the possibilities of research study and education: at Plus500 these options are completely missing out on. There are no courses or webinars readily available at Plus500. This is a drawback for individuals who sign up with Plus500 to find out how to trade much better.
It works that you get an alert within the Plus500 software application when fascinating developments occur. When the price of, for example, oil falls sharply, you will receive a notification of this event. You can then choose for yourself whether you want to take a position on the market development. Plus500 Account Demo.
Within the Plus500 software you can also see how other users trade in 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 with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.
Plus500 has a detailed and fast customer support that is available in more than 30 languages. Your issues can be resolved quickly in your language.
It is advised to call customer support through live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be solved almost right away.
It is also possible to email Plus500. Mails are typically responded to within a day. It is a pity that no phone number is offered. This makes it difficult to speak straight to somebody. Due to the quick processing time, Plus500 still ratings sufficiently in terms of customer support. Plus500 Account Demo.
Security & reliability
Before you transfer money with a company, you naturally want to know that it is completely safe to do so. In this part of the review, we look at how dependable Plus500 is.
Supervisors make sure that brokers abide by the guidelines. Plus500 is monitored by:
- Plus500UK Ltd licensed & controlled by the FCA (# 509909).
- Plus500CY Ltd authorized & 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), accredited by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed financial provider in South Africa, FSP # 47546.
Security of your deposits
Depending upon your citizenship, you delight in additional security if Plus500 declares bankruptcy. This is done through a so-called financier security 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 also set numerous extra guidelines to make sure that your money is as safe as possible on Plus500. Listed below you can discover an overview of these measurements:
Plus500 will never hypothesize with consumers’ cash. All funds are saved in a different bank account, which means that this money is protected when unanticipated things occur with Plus500. And lastly, on Plus500 you are safeguarded against an unfavorable balance, because he Negative balance security is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted a recurring financial obligation. Plus500 Account Demo.
Plus500 is 100% no rip-off. Plus500 firmly handles customer properties. The business is also monitored. Plus500 has been around because 2008 and is even noted on the London stock market. These are all great indications that Plus500 is reputable and we have concerned that conclusion ourselves.
Plus500 Account Demo
About the company
Plus500 was founded in 2008 and has grown strongly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active clients in 2019. Plus500 executed over 35 million deals with a worth of over $1,000 billion in one year. The headquarters of the business can be found in Israel, however they have actually opened a number of extra offices in other countries. Do you need to know more about the Plus500 company? In this post 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 known shares and cryptocurrencies by utilizing the user-friendly software application. On Plus500 you can trade at low rates. You also have the chance to respond to changing market conditions by placing orders on both fluctuating rates. Plus500 Account Demo.
Do you wish to find how Plus500 works? Then immediately open a totally free demo-account by pushing the button listed below:
72% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk of losing your money