Plus500 Desktop App

Plus500 Evaluation: our experience with this broker – Plus500 Desktop App
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule subject to guidelines), Forex and stocks. In this substantial 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 current market advancements at low rates. Plus500 Desktop App.

Plus500 Desktop App

Benefit Plus500

  • At Plus500 you can speculate on rate advancements at low rates.
  • You can sell an extensive variety of CFD shares.
  • It is possible to attempt Plus500 totally free with a demo.
  • On Plus500 you can utilize the user-friendly web trader.
  • Plus500 offers its services in more than 30 various languages.
  • On Plus500 you can begin trading from $100. Plus500 Desktop App.

 

Disadvantages Plus500

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

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

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

Plus500 Desktop App

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 cash?
  • Expenses: how much does trading expense on Plus500?
  • Functionalities: what are the possibilities of the software?
  • Trading alternatives: in what securities you trade on Plus500?
  • Assistance: what assistance do you receive when trading?
  • Customer service: what is the quality of the client service? (costumer-service).
  • Dependability: Is this broker reputable? (reliability).
  • Details: more information about Plus500 (information).
  • Conclusion: the verdict of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you need to first go to the Plus500 website. Click on this link * to open the Plus500 website. To create a free demonstration account, you simply need to choose an email 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 Desktop App.

Plus500 Desktop App

Plus500 accepts clients from the majority of nations. However, there are likewise nationalities that are not admitted 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 therefore provide Plus500 a positive rating for opening an account. Plus500 Desktop App.

 

Deposit & withdraw cash
When you have become 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 deposit cash into your account by using among these approaches:

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

Before your deposit can be processed, you should validate your identity. Plus500 needs to abide by legislation and can only receive confirmed customers. By confirming brand-new customers, Plus500 prevents costumers from utilizing the account for cash laundering.

Plus500 Desktop App

We have actually gone through the entire procedure and published the required files. Our account was authorized and launched by Plus500 within an hour. After confirming the identity of your account, you do not have to do it once again. The length of this process depends on your individual circumstance and can be different for each client.

 

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

Plus500 Desktop App

 

On Plus500 there are no extra expenses for depositing and withdrawing money. This is a huge benefit of the broker Plus500: lots of other brokers charge a little fee for withdrawing money. Traders can benefit from up to 5 complimentary withdrawals a month, after which a fee will be sustained.

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

Plus500 Desktop App

Review of the costs of Plus500
When you begin trading with Plus500, you clearly do not want a big part of your cash to be lost to high transaction costs. In this part of the review, we take a detailed take a look at the costs of trading with Plus500. Below we quickly take a look at which costs Plus500 hands down to its consumers.

 

Spread
With Plus500 you pay a spread over every deal. The spread is the difference in between the buy and sell cost of a CFD. Plus500 offers two spread mechanisms for its instruments: Dynamic spread which is constantly adjusted according to the marketplace spread out during the period a position is open vs. a Spread which does not generally alter in line with basic market variations while a position is open, however when the marketplace is unstable and illiquid, might change to a new level so that the underlying market conditions are much better reflected. Plus500 intends to offer the tightest possible spreads at all times. Plus500 Desktop App.

 

Forex expenses on Plus500
On Plus500 you can trade in various currency pairs. At the time of composing, you are paying 0.6 pips in deal fees on the pair of EUR/ USD. We compared these expenses with those of other suppliers and concluded that these expenses are comparable to those of other brokers. (We have extracted these data on the 2th of June 14:00.).

 

Cryptocurrency costs on Plus500
On Plus500 you can likewise trade in cryptocurrencies such as Bitcoin. In our evaluation 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 therefore fairly advantageous 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 presently pay a spread of $ 0.95, which corresponds to 0.12% of the overall value. Trading CFD Tesla shares is therefore possible at a low cost. (Please note that this is a picture on April 20, 2020 at 13:00.).

 

Financing costs at Plus500
With Plus500 you have the option to trade on margin. Due to the fact that you can trade on margin, you do not have 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 over night funding offer costs. In many cases, you actually get a premium for brief positions. We compared Plus500 with other parties for this evaluation and the financing costs were reasonably low. Still, it is necessary to keep in mind that Plus500 is not extremely appropriate for long-term trading because of the financing charges you need to pay every day. Plus500 Desktop App.

 

Other costs on Plus500
We have actually extensively examined the costs for this review, and we have actually not discovered any irritating hidden expenses. You need to make sure that you log in to the platform at least once every three months. If you don’t do this, costs for lack of exercise will be charged. This holds true with the majority of 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 inspect all Fees here:

Plus500 is generally 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. Plus500 Desktop App.

However, the following extra charges might be used:

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

Currency Conversion Charge – Plus500 will charge a Currency Conversion Cost for all trades on instruments denominated in a currency different to the currency of your account.
The Currency Conversion Fee will presently depend on 0.7% of the trade’s understood internet profit and loss and reflected in real time into the unrealised net earnings and loss of an open position.

Inactivity Cost – A cost of approximately USD 10 monthly will be levied, should you not log in to your trading account for a duration of a minimum of three months. This fee will be charged once a month from that minute onwards, as long as no login is made to the account. The lack of exercise charge will amount to the lower of the remaining offered balance in your account or USD 10 (or equivalent depending upon your currency). This is to offset the expense sustained in making the service offered, despite the fact that it has not been utilized. However, please note that the charge is just collected from the Genuine Cash account and only when there are sufficient readily available funds in the account. In order to avoid this charge, just log into your trading account from time to time, as this is deemed sufficient activity to prevent a charge 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 asked for rate (price), the trade goes through a wider spread.

 

Conclusion Plus500 costs
The costs 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 short article about the costs on Plus500, we take a closer take a look at the various costs you pay when you trade with Plus500.

Plus500 Desktop App

Software & possibilities
When you start trading, we understand that you of course likewise want to utilize an excellent software package. With Plus500 trading is mainly done through the online WebTrader. A fantastic benefit of the WebTrader is the accessibility: you can log in to the platform at any time and from any area 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 quickly discover the CFD in which you wish to trade. New clients will therefore not have to browse wish for buy & offer buttons on Plus500. Plus500 Desktop App.

 

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

When you open a position, you have 2 choices. You can buy the CFD or you can go short on the CFD. When you purchase the CFD you get a positive outcome with a rising rate and when you offer the CFD you get a favorable outcome with a falling cost. Since you use utilize there is a high risk of losing money rapidly due to leverage.

 

The choice to hypothesize on a decreasing rate is a major benefit within the Plus500 platform. The option to short sell increases your versatility and makes it possible to react to various market situations.

 

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

Plus500 Desktop App

In the order screen you can get in the quantity you want to trade with. You likewise have the alternative to immediately open or close the position after a particular cost has been reached. This makes it possible to safeguard you trades when you need to go out. Plus500 Desktop App.

It is likewise possible to put an order with Plus500. You do this by entering a cost at which you instantly open the CFD position. By utilizing orders, you can attain even better trading outcomes.

Plus500 Desktop App

 

Utilize
With Plus500 you have the choice to use an utilize. With a lever you can take a larger position with the same amount of cash. Both your prospective revenue and your prospective loss boost when you apply leverage. With each security you can immediately see what the maximum leverage is that you can use.

The existence of a take advantage of is a benefit in the review of Plus500. You can constantly decide to invest with smaller sized amounts if you want to reduce your danger.

 

Mobile application
On Plus500 you can also trade with the mobile application they use. The mobile application is less extensive than the WebTrader. You can carry out less comprehensive analyses with it. Nonetheless, it works to also set up the mobile application. With the app you can receive warnings when the cost of a security reaches a certain worth.

The mobile application is very easy to use and it is good to change your orders when market conditions alter considerably. The mobile application is for that reason a strength in our evaluation of the Plus500 platform.

Plus500 Desktop App

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

Forex
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you hypothesize on cost changes in currency pairs. You can for example place a trade on the development of the euro versus the dollar.

Shares
On Plus500 you can also trade in a substantial range of CFD shares. The shares are neatly sorted by country, so you can rapidly discover a share to trade.

Products
It’s also possible to trade in commodities by utilizing CFDs. The most popular product for trading is oil. You can often use a maximum leverage of up to 1:20 to investments in raw materials. When you trade in gold you can use a leverage of 1:20.

Options
On Plus500 you can also trade in CFDs on alternatives. Choices typically move strongly: a choice can sometimes rise or fall in worth by tens of percent. With CFDs you can use a leverage of as much as 1:20 to options, which further increases your prospective gains or losses.

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


Cryptocurrencies

At Plus500 you can likewise trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are really unpredictable and it can for that reason be interesting to actively hypothesize on their price developments. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to regulations”). Plus500 Desktop App.


Conclusion on the trading options at Plus500

Plus500 has a vast array of tradable CFD securities. Even reasonably unidentified local stocks can frequently 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 very positive.

 

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

 

Technical analyses
At Plus500 you can carry out technical analyses on the graphs. Within the software you can use different illustration alternatives. You can draw horizontal levels to suggest price levels where the market typically moves in the opposing direction.

Plus500 Desktop App

You can likewise include technical indications on the chart. The series of technical signs at Plus500 is enormous. You can pick from more than 100 different alternatives. It is a good idea to use technical indications. By using technical signs, you can perform better analyses.

Plus500 Desktop App

The technical analysis choices within the Plus500 software application are extensive. Nevertheless, it is bothersome that you can not save multiple graphs. This suggests that you have to repeat the examines frequently. Expert investors would need to download other programs to perform more complex analyses.

 

Research and education
In this review we can be fast about the possibilities of research study and education: at Plus500 these alternatives are completely missing. There are no courses or webinars offered at Plus500. This is a downside for individuals who sign up with Plus500 to learn how to trade better.

It works that you receive a notice within the Plus500 software application when fascinating advancements occur. When the rate of, for example, oil falls dramatically, you will receive an alert of this occasion. You can then decide for yourself whether you wish to take a position on the marketplace development. Plus500 Desktop App.

Within the Plus500 software application 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 buyers or sellers. Other basic data is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.

 

Customer service
Plus500 has a comprehensive and quick customer care that is available in more than 30 languages. Your issues can be fixed quickly in your language.

It is suggested to get in touch with client service by means of live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be resolved nearly right away.

It is likewise possible to email Plus500. Mails are frequently answered within a day. It is a pity that no telephone number is readily available. This makes it impossible to speak straight to someone. Due to the quick processing time, Plus500 still ratings adequately in regards to customer service. Plus500 Desktop App.

Plus500 Desktop App

 

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

Regulation
Supervisors make sure that brokers adhere to the rules. Plus500 is monitored by:

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

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

Plus500 has also set a number of additional rules to ensure that your cash is as secure as possible on Plus500. Below you can find an overview of these measurements:

Plus500 Desktop App

Plus500 will never speculate with customers’ money. All funds are kept in a different bank account, which implies that this money is protected when unforeseen things happen with Plus500. And lastly, on Plus500 you are protected against a negative balance, because he Unfavorable balance defense is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never ever be entrusted a residual financial obligation. Plus500 Desktop App.

 

Conclusion dependability
Plus500 is 100% no fraud. Plus500 securely manages consumer properties. The business is likewise monitored. Plus500 has actually been around given that 2008 and is even listed on the London stock market. These are all good signs that Plus500 is trustworthy and we have actually concerned that conclusion ourselves.

Plus500 Desktop App

About the business
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 customers in 2019. Plus500 performed over 35 million transactions with a worth of over $1,000 billion in one year. The head office of the business can be found in Israel, however they have actually opened several additional workplaces in other nations. Do you want to know more about the Plus500 business? In this article you will find whatever you require to understand!

Plus500 Desktop App

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 application. On Plus500 you can trade at low rates. You also have the chance to respond to changing market conditions by positioning orders on both rising and falling prices. Plus500 Desktop App.

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

 

–>> Open Demo Account here <<–

79% of retail CFD accounts lose money