Plus500 Contact Support

Plus500 Review: our experience with this broker – Plus500 Contact Support
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to regulations), Forex and stocks. In this extensive evaluation, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can respond to the latest market developments at low rates. Plus500 Contact Support.

Plus500 Contact Support

Advantage Plus500

  • At Plus500 you can speculate on rate advancements at low rates.
  • You can sell a comprehensive series of CFD shares.
  • It is possible to try Plus500 for free with a demonstration.
  • On Plus500 you can utilize the user-friendly web trader.
  • Plus500 uses its services in more than 30 various languages.
  • On Plus500 you can begin trading from $100. Plus500 Contact Support.

 

Disadvantages Plus500

  • Plus500 does not provide advanced software for expert traders.
  • You can not find comprehensive analyses within the platform.
  • Plus500 customer care is not available by phone.
  • On Plus500 you can only sell CFDs.

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

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

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We discuss the following topics in the Plus500 evaluation:

  • Open account: how can you open an account with Plus500?
  • Deposit money: how can you deposit and withdraw money?
  • Costs: how much does trading expense on Plus500?
  • Functionalities: what are the possibilities of the software?
  • Trading choices: in what securities you trade on Plus500?
  • Assistance: what support do you receive when trading?
  • Costumer service: what is the quality of the customer service? (costumer-service).
  • Dependability: Is this broker trustworthy? (dependability).
  • Info: more details about Plus500 (info).
  • Conclusion: the decision of the Plus500 review (conclusion).

 

Opening an account with Plus500
To do this you need to first visit the Plus500 site. Click on this link * to open the Plus500 website. To produce a free demonstration account, you just have to choose an e-mail address and a password. It is likewise possible to visit with your Facebook or Google account. After you have actually left this info, you can right away begin trading. Plus500 Contact Support.

Plus500 Contact Support

Plus500 accepts customers from the majority of countries. Nevertheless, there are also nationalities that are not admitted 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 evaluation, we for that reason offer Plus500 a favorable rating for opening an account. Plus500 Contact Support.

 

Deposit & withdraw money
When you have ended up being familiar with the Plus500 platform, you can change to a real cash account at any time. The minimum deposit at Plus500 is $100. You can transfer cash into your account by utilizing one of these techniques:

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

Before your deposit can be processed, you need to validate your identity. Plus500 should adhere to legislation and can only receive confirmed consumers. By confirming brand-new customers, Plus500 prevents clients from using the represent cash laundering.

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We have actually 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 again. The length of this process depends upon your individual circumstance and can be different for each customer.

 

Withdraw cash
You can withdraw the money into your account at any time. You can do this by moving the cash to your bank account or PayPal account. The transfer is made rapidly and the money will be in your account within a couple of days. Plus500 Contact Support.

Plus500 Contact Support

 

On Plus500 there are no additional costs for transferring and withdrawing cash. This is a big advantage of the broker Plus500: numerous other brokers charge a small charge for withdrawing cash. Traders can take advantage 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

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Evaluation of the expenses of Plus500
When you start trading with Plus500, you certainly do not desire a big part of your money to be lost to high transaction costs. In this part of the evaluation, we take a detailed take a look at the fees of trading with Plus500. Below we quickly examine which costs Plus500 passes on to its consumers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the difference between the buy and sell price of a CFD. Plus500 uses 2 spread systems for its instruments: Dynamic spread which is continuously adjusted according to the market spread during the duration a position is open vs. a Spread which does not usually change in line with basic market changes while a position is open, but when the market is unpredictable and illiquid, may change to a brand-new level so that the underlying market conditions are better shown. Nevertheless, Plus500 intends to supply the tightest possible spreads at all times. Plus500 Contact Support.

 

Forex costs 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 costs with those of other service providers and concluded that these costs are comparable to those of other brokers. (We have actually drawn out these information on the 2th of June 14:00.).

 

Cryptocurrency costs on Plus500
On Plus500 you can also trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade versus reasonably 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 actually extracted these information on the 2th of June 14:00.).

 

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

 

Funding costs at Plus500
With Plus500 you have the option to trade on margin. Since you can trade on margin, you do not need to put in the total of the trading position yourself. Nevertheless, you do have to pay a premium for this.

With each security you will see the overnight funding buy and the overnight funding offer costs. In many cases, you actually receive a premium for brief positions. We compared Plus500 with other celebrations for this evaluation and the financing costs were relatively low. Still, it is essential to remember that Plus500 is not really ideal for long-term trading because of the financing costs you have to pay on a daily basis. Plus500 Contact Support.

 

Other costs on Plus500
We have actually thoroughly investigated the expenses for this evaluation, and we have not found any bothersome concealed expenses. You must make sure that you log in to the platform at least when every three months. If you don’t do this, expenses for inactivity will be charged. This is the case with most brokers.

Do you have an account with Plus500 and are you not preparing to trade for a while? It is wise to withdraw the money from your account.

 

You can inspect all Costs here:

Plus500 is mainly made up for its services through the “market spread”. For example, 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 company who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Contact Support.

Nevertheless, the following extra fees might be applied:

Overnight Funding – The over night funding amount is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The over night funding time and the everyday overnight financing portion can be discovered in the “Details” link beside the instrument’s name on the main screen of the platform.

Currency Conversion Cost – 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 be up to 0.7% of the trade’s understood web revenue and loss and reflected in real time into the unrealised net revenue and loss of an open position.

Inactivity Fee – A charge of up to USD 10 each month will be levied, should you not visit to your trading represent a duration of a minimum of 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 inactivity fee will amount to the lesser of the remaining readily available balance in your account or USD 10 (or comparable depending upon your currency). This is to offset the cost incurred in making the service readily available, even though it has actually not been used. Please note that the fee is only collected from the Genuine Cash account and only when there are sufficient available funds in the account. In order to avoid this fee, just 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 guarantees that your position (trade) closes at a particular requested rate (price), the trade undergoes a wider spread.

 

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

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Software application & possibilities
When you begin trading, we understand that you of course likewise wish to use a great software package. With Plus500 trading is mainly done by means of the online WebTrader. A terrific benefit of the WebTrader is the accessibility: you can visit to the platform at any time and from any location to open or close a position.

What stuck 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 customers will for that reason not have to search long for buy & sell buttons on Plus500. Plus500 Contact Support.

 

Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is very important to bear in mind that with Plus500 you constantly sell CFDs. With Plus500 you never ever straight trade in a share. The only thing that identifies your result 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 favorable result with an increasing cost and when you offer the CFD you get a positive outcome with a falling cost. Given that you utilize take advantage of there is a high danger of losing money quickly due to leverage.

 

The option to hypothesize on a declining price is a major advantage within the Plus500 platform. The option 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 press purchase or offer you will see the screen below:

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In the order screen you can enter the quantity you want to trade with. You also have the alternative to instantly open or close the position after a particular cost has been reached. This makes it possible to safeguard you trades when you have to go out. Plus500 Contact Support.

It is likewise possible to place an order with Plus500. You do this by going into a cost at which you automatically open the CFD position. By using orders, you can attain even better trading results.

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Utilize
With Plus500 you have the alternative to use a leverage. With a lever you can take a bigger position with the very same amount of money. Both your potential earnings and your prospective loss increase when you use leverage. With each security you can right away see what the optimum leverage is that you can use.

The presence of an utilize is an advantage in the review of Plus500. You can constantly decide to invest with smaller sized quantities if you want to reduce your danger.

 

Mobile application
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less extensive than the WebTrader. You can perform less comprehensive analyses with it. It is helpful to likewise set up the mobile application. With the app you can get warnings when the rate of a security reaches a particular worth.

The mobile application is really easy to use and it is good to change your orders when market conditions alter substantially. The mobile application is therefore a strength in our review of the Plus500 platform.

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Trading alternatives at Plus500
In this part of the evaluation we will go over 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 price modifications in currency sets. You can for example location a trade on the advancement of the euro against the dollar.

Shares
On Plus500 you can also sell a comprehensive variety of CFD shares. The shares are neatly sorted by nation, so you can quickly discover a share to trade.

Products
It’s likewise possible to trade in commodities by using CFDs. The most popular commodity for trading is oil. You can frequently use an optimum leverage of as much as 1:20 to financial investments in raw materials. When you trade in gold you can apply a leverage of 1:20.

Options
On Plus500 you can also sell CFDs on alternatives. Alternatives often move highly: an alternative can often increase or fall in value by tens of percent. With CFDs you can use an utilize of up to 1:20 to choices, which further increases your possible gains or losses.

Indices or ETFs
On Plus500 you can likewise sell CFDs on popular 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 popular cryptocurrencies. Cryptocurrencies are really volatile and it can therefore be interesting to actively hypothesize on their rate advancements. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument accessibility subject to regulations”). Plus500 Contact Support.


Conclusion on the trading options at Plus500

Plus500 has a vast array of tradable CFD securities. Even reasonably unidentified regional stocks can frequently be found on the Plus500 platform. This makes Plus500 an appealing broker for investors from all countries. My experience with Plus50 has therefore been very favorable.

 

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

 

Technical analyses
At Plus500 you can carry out technical analyses on the graphs. Within the software you can utilize different drawing options. You can draw horizontal levels to show price levels where the marketplace often moves in the opposing instructions.

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

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The technical analysis choices within the Plus500 software are extensive. However, it is troublesome that you can not conserve multiple charts. This indicates that you need to duplicate the examines routinely. Professional financiers would have to download other programs to perform more complex analyses.

 

Research and education
In this review we can be fast about the possibilities of research and education: at Plus500 these choices are totally missing out on. There are no courses or webinars readily available at Plus500. This is a disadvantage for individuals who sign up with Plus500 to learn how to trade better.

It is useful that you get a notification within the Plus500 software application when interesting advancements happen. When the price of, for instance, oil falls greatly, you will get a notification of this occasion. You can then choose on your own whether you want to take a position on the market development. Plus500 Contact Support.

Within the Plus500 software you can also see how other users sell a security. By taking a look at the positions other traders take, you can see whether there are more buyers 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 opinion.

 

Customer support
Plus500 has a detailed and quick client service that is readily available in more than 30 languages. Your problems can be resolved rapidly in your language.

It is suggested to get in touch with client service through live chat. You can use the live chat button within the Plus500 WebTrader. By using the live chat, your problems can be resolved almost instantly.

It is likewise possible to email Plus500. Mails are often answered within a day. It is a pity that no phone number is readily available. This makes it impossible to speak straight to somebody. Due to the quick processing time, Plus500 still scores sufficiently in terms of customer service. Plus500 Contact Support.

Plus500 Contact Support

 

Security & dependability
Before you deposit money with a company, you naturally wish to know that it is entirely safe to do so. In this part of the review, we take a look at how trustworthy Plus500 is.

Regulation
Supervisors make sure that brokers adhere to the guidelines. Plus500 is supervised by:

  • Plus500UK Ltd licensed & regulated by the FCA (# 509909).
  • Plus500CY Ltd licensed & managed 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), accredited by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized monetary provider in South Africa, FSP # 47546.

Security of your deposits
Depending upon your citizenship, you take pleasure in additional security if Plus500 goes bankrupt. This is done through a so-called investor security fund. All client funds are held in a segregated client savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has likewise set a number of additional guidelines to guarantee that your cash is as safe and secure as possible on Plus500. Listed below you can find an overview of these measurements:

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Plus500 will never ever hypothesize with customers’ money. All funds are saved in a separate checking account, which implies that this money is safe and secure when unforeseen things happen with Plus500. And last but not least, on Plus500 you are secured against a negative balance, since he Unfavorable balance protection is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never ever be entrusted to a recurring debt. Plus500 Contact Support.

 

Conclusion dependability
Plus500 is 100% no fraud. Plus500 safely handles client possessions. The company is also monitored. Plus500 has actually been around given that 2008 and is even noted on the London stock exchange. These are all good indications that Plus500 is trustworthy and we have actually come to that conclusion ourselves.

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About the business
Plus500 was founded in 2008 and has actually grown strongly since then. Plus500 is active in more than 30 countries and served more than 200,000 active customers in 2019. Plus500 carried out over 35 million deals with a value of over $1,000 billion in one year. The headquarters of the company can be discovered in Israel, but they have opened several additional workplaces in other countries. Do you would like to know more about the Plus500 company? In this post you will find whatever you require to understand!

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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 easy to use software. On Plus500 you can trade at low rates. You also have the chance to respond to altering market conditions by placing orders on both rising and falling rates. Plus500 Contact Support.

Do you want to find how Plus500 works? Immediately open a free demo-account by pressing the button listed below:

 

–>> Open Demo Account here <<–

79% of retail CFD accounts lose money