Plus500 Desktop

Plus500 Review: our experience with this broker – Plus500 Desktop
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to guidelines), 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 most recent market developments at low rates. Plus500 Desktop.

Plus500 Desktop

Benefit Plus500

  • At Plus500 you can hypothesize on cost developments at low rates.
  • You can trade in a substantial series of CFD shares.
  • It is possible to attempt Plus500 totally free with a demonstration.
  • On Plus500 you can utilize 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 Desktop.

 

Disadvantages Plus500

  • Plus500 does not offer sophisticated software application for professional traders.
  • You can not find substantial analyses within the platform.
  • Plus500 client service is not offered 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? Utilize the button listed below to open a demonstration account with this broker:

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

Plus500 Desktop

We discuss the following topics in the Plus500 evaluation:

  • Open account: how can you open an account with Plus500?
  • Deposit cash: how can you transfer and withdraw cash?
  • Costs: how much does trading cost on Plus500?
  • Functionalities: what are the possibilities of the software?
  • Trading alternatives: in what securities you trade on Plus500?
  • Assistance: what support do you get when trading?
  • Customer service: what is the quality of the customer service? (costumer-service).
  • Reliability: Is this broker reliable? (reliability).
  • Information: more information about Plus500 (information).
  • Conclusion: the decision of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you must first check out the Plus500 site. Click on this link * to open the Plus500 site. To create a free demonstration account, you simply have to select an e-mail address and a password. It is also possible to log in with your Facebook or Google account. After you have left this details, you can right away begin trading. Plus500 Desktop.

Plus500 Desktop

Plus500 accepts customers from many nations. Nevertheless, there are likewise nationalities that are not confessed 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 review, we for that reason provide Plus500 a positive score for opening an account. Plus500 Desktop.

 

Deposit & withdraw cash
When you have actually become familiar with the Plus500 platform, you can switch to a real money account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by using among these techniques:

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

Prior to your deposit can be processed, you must validate your identity. Plus500 must abide by legislation and can only receive confirmed customers. By confirming brand-new customers, Plus500 avoids costumers from utilizing the account for money laundering.

Plus500 Desktop

We’ve gone through the whole process and published the required documents. Our account was approved and released by Plus500 within an hour. After validating the identity of your account, you do not have to do it again. The length of this process depends on your individual situation and can be various for each client.

 

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

Plus500 Desktop

 

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

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

Plus500 Desktop

Review of the costs of Plus500
When you begin trading with Plus500, you certainly do not want a large part of your money to be lost to high deal costs. In this part of the evaluation, we take a detailed look at the fees of trading with Plus500. Below we briefly examine which costs Plus500 hands down to its clients.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the distinction in between the buy and sell price of a CFD. Plus500 uses two spread systems for its instruments: Dynamic spread which is continuously adjusted according to the marketplace 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, but when the marketplace is volatile and illiquid, might change to a new level so that the underlying market conditions are better reflected. Plus500 aims to offer the tightest possible spreads at all times. Plus500 Desktop.

 

Forex expenses on Plus500
On Plus500 you can trade in different currency sets. At the time of writing, you are paying 0.6 pips in deal fees on the pair of EUR/ USD. We compared these costs with those of other companies 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 expenses on Plus500
On Plus500 you can also sell cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade versus relatively advantageously costs in Bitcoin CFDs. At Plus500 you pay a spread of $36 at the time of composing while at eToro you pay more than $50 per agreement. Trading cryptocurrencies is therefore reasonably advantageous at Plus500. (We have actually extracted these information on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can also trade in shares by utilizing 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.).

 

Financing expenses at Plus500
With Plus500 you have the alternative 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 need to pay a premium for this.

With each security you will see the over night funding buy and the over night funding sell costs. In some cases, you actually get a premium for brief positions. We compared Plus500 with other celebrations for this review and the funding expenses were fairly low. Still, it is very important to remember that Plus500 is not really suitable for long-lasting trading because of the funding costs you need to pay every day. Plus500 Desktop.

 

Other costs on Plus500
We have extensively investigated the costs for this evaluation, and we have actually not discovered any irritating covert expenses. Nevertheless, you should make sure that you log in to the platform at least once every 3 months. If you do not do this, expenses for inactivity will be charged. This holds true with the majority of 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 money from your account.

 

You can inspect all Charges here:

Plus500 is generally compensated 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 means 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 Desktop.

However, the following extra costs might be used:

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

Currency Conversion Charge – 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 currently be up to 0.7% of the trade’s realised net profit and loss and reflected in real time into the unrealised net revenue and loss of an open position.

Inactivity Cost – A charge of up to USD 10 monthly will be levied, should you not visit to your trading represent a period of at least 3 months. This cost will be charged when a month from that moment onwards, as long as no login is made to the account. The lack of exercise cost will amount to the lesser of the staying offered balance in your account or USD 10 (or comparable depending on your currency). This is to offset the cost incurred in making the service readily available, despite the fact that it has not been used. Please note that the charge is just gathered from the Real Cash account and just when there are sufficient available funds in the account. In order to avoid this fee, merely log into your trading account from time to time, as this is considered adequate activity to prevent a charge from being charged.

Guaranteed Stop Order – if you choose this feature, please note that as it ensures that your position (trade) closes at a specific asked for rate (cost), the trade is subject to a broader spread.

 

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

Plus500 Desktop

Software application & possibilities
When you start trading, we comprehend that you of course also want to use a great software package. With Plus500 trading is mainly done by means of the online WebTrader. A great benefit of the WebTrader is the ease of access: you can visit 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 discover the CFD in which you want to trade. New clients will for that reason not need to browse wish for buy & sell buttons on Plus500. Plus500 Desktop.

 

Opening a trade
Opening a trade with Plus500 is rather simple. It is important to bear in mind that with Plus500 you always sell CFDs. With Plus500 you never ever 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 alternatives. You can purchase the CFD or you can go short on the CFD. When you buy the CFD you get a favorable outcome with an increasing price and when you offer the CFD you get a favorable outcome with a falling cost. Given that you use take advantage of there is a high danger of losing cash quickly due to utilize.

 

The option to hypothesize on a decreasing price is a major advantage within the Plus500 platform. The alternative to short sell increases your versatility and makes it possible to respond to different market scenarios.

 

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

Plus500 Desktop

In the order screen you can enter the quantity you wish to trade with. You also have the option to instantly open or close the position after a particular cost has been reached. This makes it possible to protect you trades when you need to go out. Plus500 Desktop.

It is likewise possible to put an order with Plus500. You do this by getting in a rate at which you instantly open the CFD position. By utilizing orders, you can achieve even better trading results.

Plus500 Desktop

 

Utilize
With Plus500 you have the option to apply a take advantage of. With a lever you can take a larger position with the same amount of money. Both your prospective revenue and your prospective loss increase when you use take advantage of. With each security you can instantly see what the optimum utilize is that you can use.

The existence of an utilize is a benefit in the review of Plus500. You can always choose to invest with smaller sized quantities if you want to lower your threat.

 

Mobile application
On Plus500 you can also trade with the mobile application they offer. The mobile application is less substantial than the WebTrader. You can perform less comprehensive analyses with it. Nonetheless, it works to also set up the mobile application. With the app you can receive cautions when the rate of a security reaches a particular worth.

The mobile application is extremely user-friendly and it is great to change your orders when market conditions alter considerably. The mobile application is therefore a strength in our review of the Plus500 platform.

Plus500 Desktop

Trading alternatives at Plus500
In this part of the evaluation we will discuss the different kinds of securities you can sell with Plus500.

Forex
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you hypothesize on cost changes in currency pairs. You can for instance location a trade on the development of the euro against the dollar.

Shares
On Plus500 you can also trade in a comprehensive variety of CFD shares. The shares are nicely arranged by country, so you can rapidly find a share to trade.

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

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

Indices or ETFs
On Plus500 you can also 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 also trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are really unstable and it can therefore be interesting to actively speculate on their price developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument accessibility subject to policies”). Plus500 Desktop.


Conclusion on the trading options at Plus500

Plus500 has a large range of tradable CFD securities. Even fairly unknown regional stocks can often be discovered on the Plus500 platform. This makes Plus500 an appealing broker for investors from all countries. My experience with Plus50 has actually therefore been really favorable.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the graphs. Within the software application you can use various illustration alternatives. You can draw horizontal levels to indicate price levels where the market typically relocates the opposing instructions.

Plus500 Desktop

You can likewise add technical indications on the chart. The range of technical signs at Plus500 is enormous. You can choose from more than 100 different options. It is smart to utilize technical indications. By using technical indicators, you can execute better analyses.

Plus500 Desktop

The technical analysis alternatives within the Plus500 software are extensive. Nevertheless, it is troublesome that you can not save several charts. This means that you have to duplicate the examines frequently. Professional investors would need to download other programs to carry out more complex analyses.

 

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

It works that you receive a notice within the Plus500 software application when interesting advancements occur. When the rate of, for example, oil falls sharply, you will get a notice of this event. You can then decide on your own whether you wish to take a position on the market advancement. Plus500 Desktop.

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 basic information is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.

 

Customer care
Plus500 has a thorough and fast customer support that is available in more than 30 languages. Your problems can be solved 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 nearly right away.

It is likewise possible to email Plus500. Mails are frequently addressed within a day. It is a pity that no telephone number is offered. This makes it impossible to speak straight to somebody. Due to the quick processing time, Plus500 still scores sufficiently in terms of customer support. Plus500 Desktop.

Plus500 Desktop

 

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

Regulation
Supervisors make sure that brokers abide by the rules. Plus500 is supervised by:

  • Plus500UK Ltd authorized & controlled by the FCA (# 509909).
  • Plus500CY Ltd licensed & managed 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 service provider in South Africa, FSP # 47546.

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

Plus500 has actually also set several additional rules to ensure that your money is as safe as possible on Plus500. Listed below you can find a summary of these measurements:

Plus500 Desktop

Plus500 will never hypothesize with consumers’ cash. All funds are stored in a separate savings 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 protection is a regulative requirement for all EU brokers. When you trade with Plus500, you can never be left with a recurring financial obligation. Plus500 Desktop.

 

Conclusion dependability
Plus500 is 100% no fraud. Plus500 safely handles consumer assets. The business is likewise monitored. Plus500 has actually been around because 2008 and is even noted on the London stock market. These are all great signs that Plus500 is reputable and we have actually concerned that conclusion ourselves.

Plus500 Desktop

About the company
Plus500 was founded in 2008 and has actually 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 value of over $1,000 billion in one year. The head office of the company can be discovered in Israel, but they have actually opened a number of extra offices in other nations. Do you want to know more about the Plus500 business? In this post you will find whatever you need to know!

Plus500 Desktop

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 utilizing the easy to use software. On Plus500 you can trade at low rates. You likewise have the chance to respond to changing market conditions by placing orders on both fluctuating prices. Plus500 Desktop.

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

 

–>> Open Demo Account here <<–

79% of retail CFD accounts lose money