Plus500 Review: our experience with this broker – Plus500 Bulgaria
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument accessibility subject to policies), Forex and stocks. In this extensive review, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can react to the latest market developments at low rates. Plus500 Bulgaria.
- At Plus500 you can speculate on rate developments at low rates.
- You can sell a substantial series of CFD shares.
- It is possible to try Plus500 for free with a demonstration.
- On Plus500 you can use the easy to use web trader.
- Plus500 offers its services in more than 30 various languages.
- On Plus500 you can start trading from $100. Plus500 Bulgaria.
- Plus500 does not supply innovative software application for professional 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 entirely free of charge and without risk? Use the button below to open a demonstration account with this broker:
–>> Open Demo Account here <<–
79% of retail CFD accounts lose money
We go over the following subjects in the Plus500 evaluation:
- Open account: how can you open an account with Plus500?
- Deposit cash: how can you deposit and withdraw cash?
- Costs: how much does trading cost on Plus500?
- Performances: what are the possibilities of the software application?
- Trading options: in what securities you trade on Plus500?
- Support: what assistance do you get when trading?
- Client service: what is the quality of the customer service? (costumer-service).
- Reliability: Is this broker reliable? (reliability).
- Information: more details about Plus500 (details).
- Conclusion: the verdict of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you should first check out the Plus500 site. Click on this link * to open the Plus500 website. To produce a totally free demonstration account, you just need to pick an e-mail address and a password. It is also possible to log in with your Facebook or Google account. After you have actually left this info, you can right away begin trading. Plus500 Bulgaria.
Plus500 accepts clients from a lot of nations. There are also citizenships that are not admitted to Plus500. Traders from for example, 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 review, we for that reason give Plus500 a positive rating for opening an account. Plus500 Bulgaria.
Deposit & withdraw cash
When you have actually ended up being knowledgeable about the Plus500 platform, you can switch to a real money account at any time. The minimum deposit at Plus500 is $100. You can deposit cash into your account by using among these approaches:
- Bank transfer.
Before your deposit can be processed, you must validate your identity. Plus500 should adhere to legislation and can only get confirmed customers. By validating brand-new clients, Plus500 prevents clients from utilizing the represent cash laundering.
We’ve gone through the entire procedure and submitted the needed files. Our account was approved and launched 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 personal situation and can be various for each client.
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 rapidly and the cash will remain in your account within a few days. Plus500 Bulgaria.
On Plus500 there are no additional costs for depositing and withdrawing money. This is a huge advantage of the broker Plus500: many other brokers charge a little fee for withdrawing money. Traders can make the most of as much as 5 free withdrawals a month, after which a charge will be incurred.
–>> Open Demo Account here <<–
79% of retail CFD accounts lose money
Review of the costs of Plus500
When you start trading with Plus500, you clearly do not desire a big part of your money to be lost to high transaction expenses. In this part of the review, we take a comprehensive take a look at the costs of trading with Plus500. Listed below we quickly take a look at which costs Plus500 passes on to its consumers.
With Plus500 you pay a spread over every deal. The spread is the distinction between the buy and sell cost of a CFD. Plus500 offers two spread systems for its instruments: Dynamic spread which is continuously adjusted according to the market spread out during the period a position is open vs. a Spread which does not generally change in line with basic market fluctuations while a position is open, but when the market is volatile and illiquid, may alter to a brand-new level so that the underlying market conditions are much better shown. Plus500 aims to offer the tightest possible spreads at all times. Plus500 Bulgaria.
Forex costs on Plus500
On Plus500 you can trade in various currency sets. 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 service 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 evaluation it emerged that at Plus500 you can trade against 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 for that reason reasonably useful at Plus500. (We have drawn out these information 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 currently pay a spread of $ 0.95, which corresponds to 0.12% of the overall value. Trading CFD Tesla shares is for that reason possible at a low cost. (Please note that this is a picture on April 20, 2020 at 13:00.).
Funding costs 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 overnight funding buy and the overnight financing offer costs. In many cases, you in fact receive a premium for brief positions. We compared Plus500 with other celebrations for this evaluation and the funding costs were reasonably low. Still, it is very important to remember that Plus500 is not very suitable for long-term trading because of the financing costs you need to pay daily. Plus500 Bulgaria.
Other expenses on Plus500
We have actually thoroughly examined the costs for this review, and we have not discovered any irritating covert expenses. Nevertheless, you should ensure that you log in to the platform at least once every 3 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 preparing to trade for a while? Then it is smart 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 company who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Bulgaria.
The following additional costs may be used:
Overnight Funding – The over night financing amount is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Financing Time”).
The overnight funding time and the everyday overnight funding portion can be found in the “Particulars” link beside the instrument’s name on the primary screen of the platform.
Currency Conversion Charge – 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 web revenue and loss and shown in real time into the unrealised net profit and loss of an employment opportunity.
Inactivity Fee – A charge of up to USD 10 monthly will be levied, need to you not log in to your trading represent a period of at least 3 months. This fee will be charged as soon as a month from that moment onwards, as long as no login is made to the account. The lack of exercise charge will amount to the lower of the remaining readily available balance in your account or USD 10 (or equivalent depending on your currency). This is to balance out the expense incurred in making the service available, although it has not been utilized. Please note that the charge is just gathered from the Real Cash account and just when there are enough readily available funds in the account. In order to avoid this cost, simply log into your trading account from time to time, as this is considered enough activity to prevent a fee from being charged.
Guaranteed Stop Order – if you pick this feature, please note that as it guarantees that your position (trade) closes at a specific requested rate (cost), the trade undergoes a broader spread.
Conclusion Plus500 charges
The expenses Plus500 charges are reasonable and in proportion to the quantity you trade with. This makes it possible to trade with a small amount of money. In our article about the expenses on Plus500, we take a closer look at the different expenses you pay when you trade with Plus500.
Software application & possibilities
When you start trading, we comprehend that you of course also wish to use a great software package. With Plus500 trading is generally done by means of the online WebTrader. An excellent benefit of the WebTrader is the availability: you can visit 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 want to trade. New consumers will for that reason not need to search long for purchase & sell buttons on Plus500. Plus500 Bulgaria.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is essential to keep in mind that with Plus500 you constantly trade in CFDs. With Plus500 you never straight trade in a share. The only thing that identifies your result is the distinction between the price at which you open and close the position.
When you open a position, you have 2 alternatives. 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 sell the CFD you get a favorable outcome with a falling price. Given that you use utilize there is a high danger of losing money quickly due to take advantage of.
The alternative to speculate on a declining cost is a major advantage within the Plus500 platform. The choice to short sell increases your flexibility and makes it possible to react to various market situations.
Kind of orders
With Plus500 you can immediately open an order. When you push buy or offer you will see the screen below:
In the order screen you can get in the amount you want to trade with. You likewise have the choice to automatically 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. Plus500 Bulgaria.
It is also possible to put an order with Plus500. You do this by going into a rate at which you instantly open the CFD position. By utilizing orders, you can achieve even much better trading results.
Take advantage of
With Plus500 you have the option to apply a leverage. With a lever you can take a bigger position with the same amount of cash. Both your possible profit and your prospective loss boost when you use utilize. With each security you can instantly see what the maximum leverage is that you can apply.
The existence of an utilize is an advantage in the review of Plus500. You can constantly choose to invest with smaller sized quantities if you wish to decrease your danger.
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. Nevertheless, it works to also install the mobile application. With the app you can get cautions when the cost of a security reaches a certain value.
The mobile application is really easy to use and it is great to change your orders when market conditions alter substantially. The mobile application is therefore a strong point in our evaluation of the Plus500 platform.
Trading alternatives at Plus500
In this part of the evaluation we will talk about the different 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 rate changes in currency sets. You can for instance place a trade on the development of the euro versus the dollar.
On Plus500 you can also sell a comprehensive range of CFD shares. The shares are neatly arranged by nation, so you can quickly discover a share to trade.
It’s likewise possible to sell products by utilizing CFDs. The most popular product for trading is oil. You can often apply an optimum utilize of up to 1:20 to financial investments in basic materials. When you trade in gold you can apply a leverage of 1:20.
On Plus500 you can likewise sell CFDs on alternatives. Options typically move strongly: an alternative can sometimes rise or fall in value by tens of percent. With CFDs you can use a leverage of as much as 1:20 to alternatives, which further increases your prospective gains or losses.
Indices or ETFs
On Plus500 you can likewise trade in CFDs on well-known indexes or ETFs. You can for example sell the Dow Jones or NASDAQ index trackers.
At Plus500 you can also trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are really unstable and it can for that reason be interesting to actively speculate on their price developments. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument accessibility subject to policies”). Plus500 Bulgaria.
Conclusion on the trading choices at Plus500
Plus500 has a wide range of tradable CFD securities. Even fairly unidentified regional stocks can often be discovered on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all nations. My experience with Plus50 has for that reason been really favorable.
Assistance & research
In this part of the review, we investigate how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the charts. Within the software application you can utilize different illustration choices. You can draw horizontal levels to indicate price levels where the market often relocates the opposing instructions.
You can also add technical signs on the chart. The range of technical indications at Plus500 is enormous. You can pick from more than 100 various choices. It is wise to use technical signs. By utilizing technical indicators, you can carry out much better analyses.
The technical analysis choices within the Plus500 software are comprehensive. It is troublesome that you can not save multiple charts. This indicates that you need to duplicate the examines frequently. Expert financiers would need to download other programs to perform more complex analyses.
Research and education
In this review we can be quick about the possibilities of research and education: at Plus500 these alternatives are entirely missing out on. There are no courses or webinars offered at Plus500. This is a disadvantage for individuals who sign up with Plus500 to find out how to trade better.
It is useful that you get a notification within the Plus500 software when interesting advancements occur. When the rate of, for example, oil falls sharply, you will receive an alert of this event. You can then decide for yourself whether you wish to take a position on the market advancement. Plus500 Bulgaria.
Within the Plus500 software application 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 purchasers or sellers. Other fundamental data is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our viewpoint.
Plus500 has a comprehensive and quick client service that is readily available in more than 30 languages. Your issues can be solved rapidly in your language.
It is advised to get in touch with customer support by means of 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 likewise possible to email Plus500. Mails are often addressed within a day. It is a pity that no phone number is readily available. This makes it difficult to speak directly to somebody. Due to the fast processing time, Plus500 still scores sufficiently in regards to customer care. Plus500 Bulgaria.
Security & reliability
Before you transfer cash with a business, you naturally wish to know that it is completely safe and secure to do so. In this part of the review, we look at how trustworthy Plus500 is.
Supervisors guarantee that brokers follow the guidelines. Plus500 is monitored by:
- Plus500UK Ltd licensed & regulated by the FCA (# 509909).
- Plus500CY Ltd authorized & controlled by the CySEC (# 250/14).
- Plus500SG Pte Ltd, licensed by MAS (#CMS 100648-1) and IE Singapore (#PLUS/ CBL/2018).
- Plus500AU Pty Ltd (ACN 153301681), certified by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized financial company in South Africa, FSP # 47546.
Security of your deposits
Depending upon your citizenship, you take pleasure in extra defense if Plus500 declares bankruptcy. This is done through a so-called financier security fund. All client funds are kept in a segregated customer checking account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has likewise set numerous extra rules to make sure that your money is as protected as possible on Plus500. Below you can discover a summary of these measurements:
Plus500 will never speculate with clients’ cash. All funds are kept in a different bank account, which implies that this cash is safe when unanticipated things happen with Plus500. And last but not least, on Plus500 you are secured versus an unfavorable balance, due to the fact that he Unfavorable balance defense is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be left with a residual financial obligation. Plus500 Bulgaria.
Plus500 is 100% no fraud. Plus500 safely handles client assets. The company is likewise supervised. Plus500 has actually been around because 2008 and is even noted on the London stock market. These are all excellent indicators that Plus500 is reliable and we have actually come to 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 clients in 2019. Plus500 carried out 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, but they have opened several extra workplaces in other countries. Do you would like to know more about the Plus500 business? In this post you will discover whatever you require to understand!
Conclusion evaluation Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by using the easy to use software application. On Plus500 you can trade at low rates. You also have the opportunity to respond to altering market conditions by putting orders on both fluctuating prices. Plus500 Bulgaria.
Do you want to discover how Plus500 works? Right away open a totally free demo-account by pressing the button listed below:
79% of retail CFD accounts lose money