Plus500 Review: our experience with this broker – Plus500 Dividend Calendar
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule subject to guidelines), 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 current market advancements at low rates. Plus500 Dividend Calendar.
Plus500 Dividend Calendar
- At Plus500 you can hypothesize on cost developments at low rates.
- You can trade in a comprehensive series of CFD shares.
- It is possible to try Plus500 totally free with a demo.
- On Plus500 you can use the easy to use web trader.
- Plus500 uses its services in more than 30 various languages.
- On Plus500 you can begin trading from $100. Plus500 Dividend Calendar.
- Plus500 does not provide sophisticated software for expert traders.
- You can not discover extensive analyses within the platform.
- Plus500 customer support is not available by phone.
- On Plus500 you can just trade in CFDs.
Would you like to try the possibilities at Plus500 with a demonstration entirely free of charge and without danger? Use the button below to open a demo account with this broker:
Plus500 Dividend Calendar
We talk about 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 money?
- Costs: just how much does trading cost on Plus500?
- Performances: what are the possibilities of the software application?
- Trading alternatives: in what securities you trade on Plus500?
- Support: what support do you get when trading?
- Costumer service: what is the quality of the client service? (costumer-service).
- Dependability: Is this broker reliable? (dependability).
- Details: more info about Plus500 (info).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you should first check out the Plus500 website. Click here * to open the Plus500 website. To create a totally free demonstration account, you just have 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 information, you can immediately start trading. Plus500 Dividend Calendar.
Plus500 accepts clients from most countries. There are also nationalities that are not confessed 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 give Plus500 a positive score for opening an account. Plus500 Dividend Calendar.
Deposit & withdraw money
When you have actually ended up being acquainted with the Plus500 platform, you can switch to a real cash account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by using among these techniques:
- Bank transfer.
Prior to your deposit can be processed, you must validate your identity. Plus500 needs to comply with legislation and can only receive validated clients. By validating new customers, Plus500 avoids customers from using the account for cash laundering.
We’ve gone through the whole procedure and uploaded the required files. Our account was approved and released by Plus500 within an hour. After verifying the identity of your account, you don’t have to do it again. The length of this process depends on your individual circumstance and can be different for each customer.
You can withdraw the cash into your account at any time. You can do this by transferring the cash to your checking account or PayPal account. The transfer is made rapidly and the cash will be in your account within a couple of days. Plus500 Dividend Calendar.
On Plus500 there are no additional costs for transferring and withdrawing money. This is a big advantage of the broker Plus500: many other brokers charge a little charge for withdrawing cash. Traders can benefit from up to 5 free withdrawals a month, after which a charge will be sustained.
Plus500 Dividend Calendar
Evaluation of the expenses of Plus500
When you begin trading with Plus500, you obviously do not desire a big part of your money to be lost to high transaction costs. In this part of the review, we take a detailed look at the costs of trading with Plus500. Below we briefly analyze which costs Plus500 passes on to its consumers.
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 provides two spread systems for its instruments: Dynamic spread which is continuously changed according to the marketplace spread out during the duration a position is open vs. a Spread which does not generally alter in line with basic market fluctuations while a position is open, however when the marketplace is volatile and illiquid, might alter to a new level so that the underlying market conditions are better shown. Nevertheless, Plus500 intends to provide the tightest possible spreads at all times. Plus500 Dividend Calendar.
Forex costs on Plus500
On Plus500 you can trade in various currency sets. At the time of writing, you are paying 0.6 pips in transaction costs on the pair of EUR/ USD. We compared these costs with those of other companies and concluded that these expenses are comparable to those of other brokers. (We have actually drawn out these data on the 2th of June 14:00.).
Cryptocurrency costs on Plus500
On Plus500 you can likewise sell cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against fairly 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 therefore reasonably beneficial 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 utilizing CFDs. As an example: For the CFD share Tesla you presently pay a spread of $ 0.95, which corresponds 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 picture on April 20, 2020 at 13:00.).
Financing expenses at Plus500
With Plus500 you have the choice to trade on margin. Because you can trade on margin, you do not have 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 financing buy and the over night funding sell costs. Sometimes, you really get a premium for short positions. We compared Plus500 with other parties for this review and the financing expenses were reasonably low. Still, it is very important to keep in mind that Plus500 is not really suitable for long-lasting trading because of the funding charges you need to pay every day. Plus500 Dividend Calendar.
Other expenses on Plus500
We have actually extensively investigated the expenses for this review, and we have actually not discovered any irritating covert expenses. However, you must ensure that you log in to the platform a minimum of as soon as every three months. If you don’t 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 wise to withdraw the cash from your account.
You can examine all Charges 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 indicates a market spread of 0.6 pips, in this example). Unlike other service providers who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Dividend Calendar.
The following extra costs might be used:
Overnight Financing – The over night funding quantity is either contributed to or subtracted from your account when holding a position after a particular time (the “Overnight Financing Time”).
The overnight financing time and the everyday overnight funding percentage can be discovered in the “Particulars” link beside the instrument’s name on the main screen of the platform.
Currency Conversion Fee – Plus500 will charge a Currency Conversion Fee 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 internet earnings and loss and reflected in real time into the unrealised net earnings and loss of an open position.
Inactivity Cost – A fee of as much as USD 10 per month will be imposed, must you not visit to your trading represent a period of at least 3 months. This charge will be charged when a month from that moment onwards, as long as no login is made to the account. The lack of exercise fee will amount to the lower of the staying readily available balance in your account or USD 10 (or comparable depending on your currency). This is to offset the cost sustained in making the service readily available, although it has actually not been utilized. However, please note that the cost is only gathered from the Real Money account and only when there are sufficient available funds in the account. In order to avoid this cost, just log into your trading account from time to time, as this is deemed adequate activity to prevent a fee from being charged.
Guaranteed Stop Order – if you select this function, please note that as it ensures that your position (trade) closes at a specific requested 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 post about the costs on Plus500, we take a closer look at the numerous expenses you pay when you trade with Plus500.
Plus500 Dividend Calendar
Software & possibilities
When you begin trading, we comprehend that you of course also wish to use an excellent software package. With Plus500 trading is generally done via the online WebTrader. A fantastic advantage 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 evaluation 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 consumers will therefore not need to search wish for buy & offer buttons on Plus500. Plus500 Dividend Calendar.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is very important to bear in mind that with Plus500 you always trade in CFDs. With Plus500 you never straight trade in a share. The only thing that identifies your outcome is the distinction between the rate 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 outcome with an increasing price and when you sell the CFD you get a positive outcome with a falling price. Since you use leverage there is a high risk of losing money quickly due to leverage.
The option to hypothesize on a decreasing rate is a major benefit within the Plus500 platform. The choice to short sell increases your versatility and makes it possible to react to various market scenarios.
Kind of orders
With Plus500 you can instantly open an order. When you press buy or sell you will see the screen below:
In the order screen you can go into the quantity you want to trade with. You likewise have the choice to immediately open or close the position after a particular price has actually been reached. This makes it possible to safeguard you trades when you have to go out. Plus500 Dividend Calendar.
It is also possible to position an order with Plus500. You do this by going into a price at which you automatically open the CFD position. By utilizing orders, you can achieve even better trading outcomes.
With Plus500 you have the option to use a take advantage of. With a lever you can take a bigger position with the exact same amount of money. Both your prospective profit and your prospective loss increase when you use leverage. With each security you can immediately see what the maximum take advantage of is that you can apply.
The existence of a take advantage of is an advantage in the review of Plus500. You can constantly decide to invest with smaller sized amounts if you wish to decrease your threat.
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 price of a security reaches a particular value.
The mobile application is really easy to use and it is great to adjust your orders when market conditions change significantly. The mobile application is for that reason a strong point in our evaluation of the Plus500 platform.
Plus500 Dividend Calendar
Trading options at Plus500
In this part of the review we will talk about the various kinds of securities you can sell 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 against the dollar.
On Plus500 you can likewise trade in an extensive range of CFD shares. The shares are nicely sorted by country, so you can quickly discover a share to trade.
It’s also possible to trade in commodities by using CFDs. The most popular product for trading is oil. You can often apply a maximum leverage of approximately 1:20 to financial investments in raw materials. When you sell gold you can apply a leverage of 1:20.
On Plus500 you can likewise sell CFDs on alternatives. Alternatives often move strongly: a choice can often increase or fall in worth by tens of percent. With CFDs you can use an utilize of as much as 1:20 to choices, which even more increases your potential gains or losses.
Indices or ETFs
On Plus500 you can likewise sell 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 unpredictable and it can for that reason be interesting to actively hypothesize on their rate developments. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to policies”). Plus500 Dividend Calendar.
Conclusion on the trading choices at Plus500
Plus500 has a wide range of tradable CFD securities. Even reasonably unidentified regional stocks can frequently be discovered on the Plus500 platform. This makes Plus500 an appealing broker for investors from all countries. My experience with Plus50 has therefore been extremely favorable.
Support & research study
In this part of the review, we investigate how Plus500 supports traders.
At Plus500 you can perform technical analyses on the graphs. Within the software application you can use different illustration options. You can draw horizontal levels to suggest price levels where the market typically relocates the opposing instructions.
You can also add technical signs on the graph. The variety of technical indicators at Plus500 is huge. You can select from more than 100 different options. It is wise to use technical indicators. By using technical indications, you can execute much better analyses.
The technical analysis choices within the Plus500 software are extensive. However, it is bothersome that you can not conserve several graphs. This suggests that you need to duplicate the examines frequently. Professional investors would have to download other programs to carry out more complex analyses.
Research study and education
In this review we can be quick 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 individuals who sign up with Plus500 to discover how to trade much better.
It is useful that you get an alert within the Plus500 software application when fascinating advancements happen. When the price of, for example, oil falls sharply, you will receive a notification of this occasion. You can then choose for yourself whether you want to take a position on the market advancement. Plus500 Dividend Calendar.
Within the Plus500 software you can likewise 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 fundamental data is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.
Plus500 has an extensive and quick customer service that is offered in more than 30 languages. Your issues can be resolved rapidly in your language.
It is advised to call customer care by means of live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be resolved almost instantly.
It is also possible to email Plus500. Mails are frequently responded to within a day. It is a pity that no telephone number is readily available. This makes it difficult to speak straight to somebody. Due to the fast processing time, Plus500 still ratings adequately in terms of customer care. Plus500 Dividend Calendar.
Security & dependability
Prior to you transfer cash with a business, you naturally wish to know that it is completely safe to do so. In this part of the evaluation, we look at how reliable Plus500 is.
Supervisors make sure that brokers comply with the rules. Plus500 is monitored by:
- Plus500UK Ltd authorized & managed by the FCA (# 509909).
- Plus500CY Ltd licensed & regulated 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), licensed by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized monetary supplier in South Africa, FSP # 47546.
Security of your deposits
Depending upon your citizenship, you enjoy extra protection if Plus500 declares bankruptcy. This is done through a so-called financier 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 actually also set several additional guidelines to ensure that your cash is as secure as possible on Plus500. Below you can discover an introduction of these measurements:
Plus500 will never hypothesize with consumers’ cash. All funds are stored in a separate savings account, which indicates that this money is protected when unexpected things occur with Plus500. And lastly, on Plus500 you are protected against an unfavorable balance, since he Negative balance defense is a regulative requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a recurring debt. Plus500 Dividend Calendar.
Plus500 is 100% no scam. Plus500 securely manages client possessions. The company is likewise supervised. Plus500 has been around because 2008 and is even noted on the London stock market. These are all good indications that Plus500 is reputable and we have actually pertained to that conclusion ourselves.
Plus500 Dividend Calendar
About the company
Plus500 was founded in 2008 and has actually grown highly 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 headquarters of the company can be discovered in Israel, but they have opened several extra offices in other nations. Do you wish to know more about the Plus500 business? In this article you will discover whatever you need to understand!
Conclusion evaluation Plus500
Plus500 is among the very best CFD brokers. With Plus500 you can actively trade CFDs on all recognized 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 putting orders on both rising and falling costs. Plus500 Dividend Calendar.
Do you wish to discover how Plus500 works? Right away open a totally free demo-account by pressing 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