Plus500 Elad Ben Izhak

Plus500 Review: our experience with this broker – Plus500 Elad Ben Izhak
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to guidelines), Forex and stocks. In this comprehensive evaluation, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can respond to the latest market developments at low rates. Plus500 Elad Ben Izhak.

Plus500 Elad Ben Izhak

Advantage Plus500

  • At Plus500 you can speculate on rate developments at low rates.
  • You can sell a comprehensive range of CFD shares.
  • It is possible to attempt Plus500 free of charge with a demonstration.
  • On Plus500 you can use the user-friendly web trader.
  • Plus500 uses its services in more than 30 various languages.
  • On Plus500 you can begin trading from $100. Plus500 Elad Ben Izhak.

 

Downsides Plus500

  • Plus500 does not supply sophisticated software application for professional traders.
  • You can not find substantial analyses within the platform.
  • Plus500 customer 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 below to open a demo account with this broker:

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

Plus500 Elad Ben Izhak

We go over the following subjects in the Plus500 evaluation:

  • Open account: how can you open an account with Plus500?
  • Deposit money: how can you transfer and withdraw cash?
  • Expenses: how much does trading cost on Plus500?
  • Performances: what are the possibilities of the software application?
  • Trading options: in what securities you trade on Plus500?
  • Support: what assistance do you get when trading?
  • Costumer service: what is the quality of the client service? (costumer-service).
  • Reliability: Is this broker trustworthy? (reliability).
  • Details: more info about Plus500 (info).
  • Conclusion: the decision of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you need to initially go to the Plus500 site. Click on this link * to open the Plus500 website. To produce a complimentary demo account, you just need to select an email address and a password. It is also possible to visit with your Facebook or Google account. After you have left this info, you can instantly begin trading. Plus500 Elad Ben Izhak.

Plus500 Elad Ben Izhak

Plus500 accepts consumers from the majority of countries. 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 for that reason provide Plus500 a positive score for opening an account. Plus500 Elad Ben Izhak.

 

Deposit & withdraw money
When you have ended up being familiar with the Plus500 platform, you can change to a real money account at any time. The minimum deposit at Plus500 is $100. You can deposit money 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 comply with legislation and can just receive validated customers. By confirming brand-new costumers, Plus500 prevents clients from using the account for cash laundering.

Plus500 Elad Ben Izhak

We have actually gone through the whole procedure and submitted the required documents. 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 once again. The length of this process depends on your individual situation and can be various for each customer.

 

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

Plus500 Elad Ben Izhak

 

On Plus500 there are no additional costs for transferring and withdrawing money. This is a big benefit of the broker Plus500: lots of other brokers charge a small charge for withdrawing cash. Traders can take advantage of approximately 5 free withdrawals a month, after which a charge will be sustained.

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

Plus500 Elad Ben Izhak

Evaluation of the expenses of Plus500
When you begin trading with Plus500, you clearly do not want 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 costs of trading with Plus500. Listed below we briefly 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 distinction in between the buy and sell price of a CFD. Plus500 uses 2 spread mechanisms for its instruments: Dynamic spread which is continuously changed according to the market spread throughout the period a position is open vs. a Spread which does not usually alter in line with general market fluctuations while a position is open, however when the market is unstable and illiquid, might change to a brand-new level so that the underlying market conditions are better shown. Plus500 intends to supply the tightest possible spreads at all times. Plus500 Elad Ben Izhak.

 

Forex expenses on Plus500
On Plus500 you can sell 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 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 expenses 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 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 contract. Trading cryptocurrencies is therefore fairly advantageous at Plus500. (We have drawn out these data on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can likewise sell 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 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. 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 overnight financing buy and the overnight funding sell expenses. In some cases, you really receive a premium for short positions. We compared Plus500 with other parties for this review and the financing expenses were fairly low. Still, it is essential to bear in mind that Plus500 is not really appropriate for long-lasting trading because of the financing costs you need to pay every day. Plus500 Elad Ben Izhak.

 

Other expenses on Plus500
We have actually extensively examined the costs for this review, and we have actually not found any annoying hidden costs. However, you should guarantee that you log in to the platform a minimum of as soon as every three months. If you do not do this, expenses for lack of exercise will be charged. This holds true with most brokers.

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

 

You can examine all Fees here:

Plus500 is mainly 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 suggests 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 Elad Ben Izhak.

Nevertheless, the following additional costs might be used:

Overnight Funding – The over night financing quantity is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”).
The over night funding time and the day-to-day overnight financing portion can be discovered in the “Details” link beside 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 presently depend on 0.7% of the trade’s understood web revenue and loss and reflected in real time into the unrealised net profit and loss of an open position.

Inactivity Charge – A fee of up to USD 10 monthly will be levied, should you not log in to your trading account for a period of a minimum of 3 months. This fee will be charged once a month from that moment onwards, as long as no login is made to the account. The lack of exercise cost will be equal to the lower of the remaining offered 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, although it has actually not been utilized. Please note that the cost is just collected from the Real Money account and only when there are adequate offered funds in the account. In order to avoid this fee, merely log into your trading account from time to time, as this is deemed sufficient activity to prevent a fee from being charged.

Guaranteed Stop Order – if you choose this function, please note that as it guarantees that your position (trade) closes at a particular requested rate (price), 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 short article about the costs on Plus500, we take a closer look at the various expenses you pay when you trade with Plus500.

Plus500 Elad Ben Izhak

Software application & possibilities
When you start trading, we understand that you naturally also wish to utilize an excellent software package. With Plus500 trading is primarily 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 location to open or close a position.

What stood out in our review was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can quickly find the CFD in which you wish to trade. New consumers will for that reason not have to search wish for purchase & offer buttons on Plus500. Plus500 Elad Ben Izhak.

 

Opening a trade
Opening a trade with Plus500 is rather simple. It is essential to keep in mind that with Plus500 you constantly sell CFDs. With Plus500 you never straight trade in a share. The only thing that identifies your result is the difference 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 purchase the CFD you get a favorable outcome with an increasing cost and when you sell the CFD you get a favorable outcome with a falling cost. Because you use leverage there is a high threat of losing cash rapidly due to utilize.

 

The alternative to hypothesize on a declining rate is a major benefit within the Plus500 platform. The choice to brief sell increases your versatility and makes it possible to respond to different market circumstances.

 

Type of orders
With Plus500 you can right away open an order. When you push purchase or sell you will see the screen below:

Plus500 Elad Ben Izhak

In the order screen you can get in the quantity you want to trade with. You likewise have the option to automatically open or close the position after a certain price has been reached. This makes it possible to safeguard you trades when you need to go out. Plus500 Elad Ben Izhak.

It is also possible to place an order with Plus500. You do this by getting in a price at which you immediately open the CFD position. By utilizing orders, you can attain even much better trading outcomes.

Plus500 Elad Ben Izhak

 

Utilize
With Plus500 you have the alternative to apply a leverage. With a lever you can take a larger position with the very same amount of money. Both your prospective earnings and your prospective loss boost when you apply take advantage of. With each security you can instantly see what the maximum utilize is that you can use.

The existence of a leverage is a benefit in the review of Plus500. You can constantly choose to invest with smaller sized quantities if you want to decrease your danger.

 

Mobile application
On Plus500 you can also trade with the mobile application they provide. The mobile application is less comprehensive than the WebTrader. You can perform less substantial analyses with it. It is helpful to also install the mobile application. With the app you can receive warnings when the rate of a security reaches a specific value.

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

Plus500 Elad Ben Izhak

Trading alternatives at Plus500
In this part of the evaluation we will discuss the various types of securities you can trade in with Plus500.

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

Shares
On Plus500 you can likewise sell a comprehensive series of CFD shares. The shares are neatly sorted by nation, so you can rapidly find a share to trade.

Commodities
It’s likewise possible to sell commodities by utilizing CFDs. The most popular product for trading is oil. You can typically apply a maximum leverage of approximately 1:20 to investments in raw materials. When you sell gold you can use an utilize of 1:20.

Options
On Plus500 you can also trade in CFDs on choices. Choices often move strongly: an option can in some cases increase or fall in worth by 10s of percent. With CFDs you can apply an utilize of up to 1:20 to choices, which even more increases your potential gains or losses.

Indices or ETFs
On Plus500 you can likewise sell 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 popular cryptocurrencies. Cryptocurrencies are really unpredictable and it can for that reason be interesting to actively hypothesize on their price advancements. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to regulations”). Plus500 Elad Ben Izhak.


Conclusion on the trading options at Plus500

Plus500 has a wide variety 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 countries. My experience with Plus50 has actually therefore been extremely favorable.

 

Assistance & research
In this part of the evaluation, we examine how Plus500 supports traders.

 

Technical analyses
At Plus500 you can perform technical analyses on the charts. Within the software you can utilize different drawing choices. You can draw horizontal levels to indicate price levels where the market frequently moves in the opposing instructions.

Plus500 Elad Ben Izhak

You can also include technical indicators on the graph. The series of technical indications at Plus500 is huge. You can select from more than 100 different choices. It is a good idea to use technical indications. By utilizing technical signs, you can perform much better analyses.

Plus500 Elad Ben Izhak

The technical analysis options within the Plus500 software application are extensive. It is troublesome that you can not save multiple charts. This suggests that you need to repeat the examines regularly. Professional investors would have to download other programs to perform more complex analyses.

 

Research and education
In this evaluation we can be quick about the possibilities of research study and education: at Plus500 these alternatives are totally missing out on. There are no courses or webinars offered at Plus500. This is a downside for individuals who sign up with Plus500 to discover how to trade much better.

It works that you receive a notice within the Plus500 software application when fascinating advancements take place. When the rate of, for example, oil falls dramatically, you will get a notification of this event. You can then decide on your own whether you want to take a position on the marketplace advancement. Plus500 Elad Ben Izhak.

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 buyers or sellers. Other basic information is missing 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 quick customer care that is available in more than 30 languages. Your issues can be fixed rapidly in your language.

It is suggested to call customer service by means of live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be fixed nearly immediately.

It is likewise possible to email Plus500. Mails are often addressed within a day. It is a pity that no phone number is offered. This makes it impossible to speak directly to someone. Due to the fast processing time, Plus500 still ratings adequately in regards to customer care. Plus500 Elad Ben Izhak.

Plus500 Elad Ben Izhak

 

Security & reliability
Prior to you transfer money with a business, you naturally would like to know that it is entirely protected to do so. In this part of the review, we look at how trustworthy Plus500 is.

Guideline
Supervisors guarantee that brokers comply with the guidelines. Plus500 is supervised by:

  • Plus500UK Ltd authorized & controlled by the FCA (# 509909).
  • Plus500CY Ltd licensed & regulated 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; licensed monetary company in South Africa, FSP # 47546.

Security of your deposits
Depending on your citizenship, you take pleasure in additional defense if Plus500 declares bankruptcy. This is done through a so-called investor protection fund. All customer funds are kept in a segregated client bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has also set a number of additional guidelines to make sure that your cash is as protected as possible on Plus500. Below you can discover a summary of these measurements:

Plus500 Elad Ben Izhak

Plus500 will never hypothesize with clients’ money. All funds are stored in a different bank account, which indicates that this money is protected when unforeseen things happen with Plus500. And finally, on Plus500 you are secured against a negative balance, since he Negative balance security is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a recurring debt. Plus500 Elad Ben Izhak.

 

Conclusion dependability
Plus500 is 100% no rip-off. Plus500 safely manages customer possessions. The company is also supervised. Plus500 has actually been around considering that 2008 and is even noted on the London stock exchange. These are all excellent indications that Plus500 is reputable and we have actually concerned that conclusion ourselves.

Plus500 Elad Ben Izhak

About the company
Plus500 was founded in 2008 and has grown strongly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active clients in 2019. Plus500 performed over 35 million transactions with a worth of over $1,000 billion in one year. The headquarters of the company can be found in Israel, but they have opened several additional workplaces in other nations. Do you wish to know more about the Plus500 business? In this post you will discover everything you require to understand!

Plus500 Elad Ben Izhak

Conclusion evaluation Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by using 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 positioning orders on both fluctuating rates. Plus500 Elad Ben Izhak.

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

 

–>> Open Demo Account here <<–

79% of retail CFD accounts lose money