Plus500 Review: our experience with this broker – Plus500 Dividendmax
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to guidelines), Forex and stocks. In this substantial review, we share our experiences with this broker. In our test, Plus500 emerged as an user-friendly broker where you can respond to the most recent market developments at low rates. Plus500 Dividendmax.
- At Plus500 you can hypothesize on cost developments at low rates.
- You can trade in an extensive series of CFD shares.
- It is possible to try Plus500 for free with a demo.
- On Plus500 you can utilize the easy to use web trader.
- Plus500 uses its services in more than 30 various languages.
- On Plus500 you can start trading from $100. Plus500 Dividendmax.
- Plus500 does not offer sophisticated software for professional traders.
- You can not find substantial analyses within the platform.
- Plus500 client service is not available by phone.
- On Plus500 you can just sell CFDs.
Would you like to try 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:
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 transfer and withdraw money?
- Expenses: how much does trading expense on Plus500?
- Functionalities: what are the possibilities of the software?
- Trading options: in what securities you trade on Plus500?
- Assistance: what assistance do you receive when trading?
- Costumer service: what is the quality of the costumer service? (costumer-service).
- Reliability: Is this broker reputable? (reliability).
- Information: more details about Plus500 (details).
- Conclusion: the decision of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you need to first visit the Plus500 website. Click on this link * to open the Plus500 website. To produce a free demo account, you simply need to pick an e-mail address and a password. It is also possible to visit with your Facebook or Google account. After you have actually left this info, you can instantly begin trading. Plus500 Dividendmax.
Plus500 accepts customers from many nations. There are likewise citizenships 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 review, we for that reason provide Plus500 a favorable ranking for opening an account. Plus500 Dividendmax.
Deposit & withdraw cash
When you have ended up being knowledgeable about 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 among these approaches:
- Bank transfer.
Before your deposit can be processed, you must verify your identity. Plus500 needs to adhere to legislation and can only get validated clients. By validating new clients, Plus500 avoids clients from using the represent money laundering.
We have actually gone through the whole process and published the required documents. Our account was authorized and released by Plus500 within an hour. After confirming the identity of your account, you don’t need to do it once again. The length of this procedure depends upon your personal scenario and can be various for each customer.
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 quickly and the cash will remain in your account within a few days. Plus500 Dividendmax.
On Plus500 there are no additional expenses for transferring and withdrawing cash. This is a big benefit of the broker Plus500: numerous other brokers charge a little charge for withdrawing money. Traders can benefit from up to 5 complimentary withdrawals a month, after which a cost will be incurred.
Evaluation of the expenses of Plus500
When you start trading with Plus500, you obviously do not desire a large part of your cash to be lost to high transaction expenses. In this part of the evaluation, we take an in-depth take a look at the fees of trading with Plus500. Listed below we briefly analyze which costs Plus500 hands down 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 uses 2 spread systems for its instruments: Dynamic spread which is continuously changed according to the market spread out throughout the period a position is open vs. a Spread which does not typically alter in line with basic market fluctuations while a position is open, however when the marketplace is unpredictable and illiquid, might alter to a new level so that the underlying market conditions are much better shown. Nevertheless, Plus500 aims to offer the tightest possible spreads at all times. Plus500 Dividendmax.
Forex expenses on Plus500
On Plus500 you can sell various currency pairs. At the time of writing, you are paying 0.6 pips in deal costs on the pair of EUR/ USD. We compared these costs with those of other suppliers 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 also sell 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 composing while at eToro you pay more than $50 per contract. Trading cryptocurrencies is therefore fairly advantageous at Plus500. (We have extracted these data on the 2th of June 14:00.).
Share expenses on Plus500
At Plus500 you can likewise trade in shares by using CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which relates to 0.12% of the overall worth. 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 alternative to trade on margin. Due to the fact that you can trade on margin, you do not have 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 over night financing buy and the over night funding offer costs. Sometimes, you actually receive a premium for short positions. We compared Plus500 with other celebrations for this review and the funding expenses were fairly low. Still, it is very important to keep in mind that Plus500 is not extremely suitable for long-lasting trading because of the funding charges you need to pay on a daily basis. Plus500 Dividendmax.
Other costs on Plus500
We have extensively investigated the expenses for this review, and we have actually not discovered any annoying concealed costs. Nevertheless, you need to ensure that you visit to the platform at least once every 3 months. If you don’t do this, costs 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 examine all Costs here:
Plus500 is primarily compensated 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 means a market spread of 0.6 pips, in this example). Unlike other provider who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Dividendmax.
However, the following extra charges might be used:
Overnight Financing – The over night financing amount is either contributed to or subtracted from your account when holding a position after a specific time (the “Overnight Financing Time”).
The overnight funding time and the everyday over night financing portion can be discovered in the “Details” link next to the instrument’s name on the primary screen of the platform.
Currency Conversion Fee – 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 Charge will presently depend on 0.7% of the trade’s realised net earnings and loss and reflected in real time into the unrealised net profit and loss of an employment opportunity.
Inactivity Cost – A charge of as much as USD 10 monthly will be imposed, ought to you not log in to your trading account for a duration of a minimum of 3 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 be equal to the lower of the remaining available balance in your account or USD 10 (or equivalent depending on your currency). This is to balance out the cost sustained in making the service available, despite the fact that it has not been utilized. Nevertheless, please note that the charge is only gathered from the Genuine Cash account and just when there are sufficient offered funds in the account. In order to avoid this cost, simply 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 specific requested rate (rate), the trade goes through a larger spread.
Conclusion Plus500 costs
The expenses 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 article about the expenses on Plus500, we take a closer look at the different costs you pay when you trade with Plus500.
Software & possibilities
When you start trading, we understand that you naturally likewise wish to utilize an excellent software package. With Plus500 trading is mainly done by means of the online WebTrader. A terrific advantage of the WebTrader is the ease of access: you can log in to the platform at any time and from any area 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 rapidly find the CFD in which you wish to trade. New clients will therefore not need to browse long for buy & sell buttons on Plus500. Plus500 Dividendmax.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is important to bear in mind that with Plus500 you always sell CFDs. With Plus500 you never straight sell a share. The only thing that determines your result is the distinction in between the rate 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 buy the CFD you get a positive result with a rising price and when you offer the CFD you get a favorable result with a falling cost. Because you use take advantage of there is a high risk of losing cash quickly due to utilize.
The option to hypothesize on a decreasing price is a major advantage within the Plus500 platform. The choice to brief 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 push purchase or sell you will see the screen listed below:
In the order screen you can enter the quantity you want to trade with. You also have the choice to instantly open or close the position after a specific cost has been reached. This makes it possible to secure you trades when you need to go out. Plus500 Dividendmax.
It is also possible to place an order with Plus500. You do this by getting in a rate at which you immediately open the CFD position. By utilizing orders, you can accomplish even better trading outcomes.
With Plus500 you have the option to apply a take advantage of. With a lever you can take a larger position with the exact same quantity of money. Both your potential earnings and your potential loss increase when you apply utilize. With each security you can immediately see what the maximum take advantage of is that you can apply.
The presence of a leverage is an advantage in the evaluation of Plus500. You can constantly decide to invest with smaller amounts if you wish to reduce your risk.
On Plus500 you can likewise trade with the mobile application they provide. The mobile application is less substantial than the WebTrader. You can carry out less substantial analyses with it. It is helpful to also 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 extremely user-friendly and it is good to adjust your orders when market conditions alter significantly. The mobile application is therefore a strong point in our review of the Plus500 platform.
Trading choices at Plus500
In this part of the review we will discuss the various kinds of securities you can trade in with Plus500.
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you hypothesize on price 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 trade in a substantial range of CFD shares. The shares are neatly sorted by country, so you can quickly find a share to trade.
It’s also possible to sell commodities by using CFDs. The most popular commodity for trading is oil. You can frequently use a maximum leverage of up to 1:20 to investments in basic materials. When you trade in gold you can apply a leverage of 1:20.
On Plus500 you can likewise trade in CFDs on choices. Choices typically move highly: an alternative can in some cases increase or fall in worth by 10s 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 sell CFDs on popular indexes or ETFs. You can for example trade in the Dow Jones or NASDAQ index trackers.
At Plus500 you can also trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are very unstable and it can for that reason be interesting to actively speculate on their rate developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to guidelines”). Plus500 Dividendmax.
Conclusion on the trading alternatives at Plus500
Plus500 has a wide range of tradable CFD securities. Even relatively 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 actually therefore been really positive.
Support & research
In this part of the review, we investigate how Plus500 supports traders.
At Plus500 you can perform technical analyses on the charts. Within the software you can use different drawing choices. You can draw horizontal levels to show price levels where the market often relocates the opposing direction.
You can likewise include technical signs on the graph. The series of technical indicators at Plus500 is massive. You can pick from more than 100 different alternatives. It is smart to utilize technical signs. By utilizing technical indications, you can carry out much better analyses.
The technical analysis choices within the Plus500 software application are substantial. Nevertheless, it is inconvenient that you can not conserve multiple charts. This implies that you need to repeat the evaluates frequently. Professional financiers would have to download other programs to perform more complex analyses.
Research study and education
In this review we can be fast about the possibilities of research and education: at Plus500 these choices are entirely missing. There are no courses or webinars readily available at Plus500. This is a disadvantage for people who sign up with Plus500 to discover how to trade better.
It works that you get a notice within the Plus500 software application when intriguing developments take place. When the rate of, for example, oil falls sharply, you will get an alert of this event. You can then choose for yourself whether you wish to take a position on the market development. Plus500 Dividendmax.
Within the Plus500 software you can also see how other users sell a security. By looking at the positions other traders take, you can see whether there are more purchasers or sellers. Other essential information is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.
Plus500 has a comprehensive and quick client service that is offered in more than 30 languages. Your problems can be fixed quickly in your language.
It is recommended to call client service by means of live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be solved almost immediately.
It is likewise possible to email Plus500. Mails are often responded to within a day. It is a pity that no telephone number is offered. This makes it difficult to speak directly to someone. Due to the quick processing time, Plus500 still scores adequately in terms of customer service. Plus500 Dividendmax.
Security & dependability
Before you deposit cash with a business, you naturally want to know that it is totally secure to do so. In this part of the review, we take a look at how trustworthy Plus500 is.
Supervisors ensure that brokers adhere to the guidelines. Plus500 is monitored by:
- Plus500UK Ltd licensed & 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), certified by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed financial company in South Africa, FSP # 47546.
Security of your deposits
Depending upon your citizenship, you delight in additional defense if Plus500 goes bankrupt. This is done through a so-called investor protection 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 guidelines to guarantee that your money is as secure as possible on Plus500. Below you can find an overview of these measurements:
Plus500 will never speculate with consumers’ money. All funds are saved in a different bank account, which suggests that this cash is safe when unanticipated things happen with Plus500. And finally, on Plus500 you are protected against an unfavorable balance, because he Negative balance defense is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted a recurring financial obligation. Plus500 Dividendmax.
Plus500 is 100% no scam. Plus500 securely handles customer assets. The company is likewise monitored. Plus500 has actually been around since 2008 and is even noted on the London stock exchange. These are all good indicators that Plus500 is dependable and we have actually concerned that conclusion ourselves.
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 consumers in 2019. Plus500 executed over 35 million deals with a worth of over $1,000 billion in one year. The headquarters of the business can be found in Israel, however they have actually opened several extra workplaces in other countries. Do you wish to know more about the Plus500 business? In this post you will discover whatever you need 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 utilizing the user-friendly software. On Plus500 you can trade at low rates. You likewise have the opportunity to react to altering market conditions by positioning orders on both rising and falling costs. Plus500 Dividendmax.
Do you wish to discover how Plus500 works? Then instantly open a totally free demo-account by pushing the button 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