Plus500 Frequently Asked Questions

Plus500 Evaluation: our experience with this broker – Plus500 Frequently Asked Questions
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to guidelines), Forex and stocks. In this comprehensive evaluation, we share our experiences with this broker. In our test, Plus500 emerged as an easy to use broker where you can respond to the latest market advancements at low rates. Plus500 Frequently Asked Questions.

Plus500 Frequently Asked Questions

Advantage Plus500

  • At Plus500 you can speculate on rate advancements at low rates.
  • You can sell a substantial range of CFD shares.
  • It is possible to attempt Plus500 free of charge with a demonstration.
  • On Plus500 you can utilize the user-friendly web trader.
  • Plus500 uses its services in more than 30 various languages.
  • On Plus500 you can start trading from $100. Plus500 Frequently Asked Questions.

 

Downsides Plus500

  • Plus500 does not offer innovative software application for expert traders.
  • You can not discover 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 try the possibilities at Plus500 with a demonstration entirely free of charge and without risk? Use the button below to open a demonstration account with this broker:

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

Plus500 Frequently Asked Questions

We go over the following topics in the Plus500 evaluation:

  • Open account: how can you open an account with Plus500?
  • Deposit cash: how can you deposit and withdraw cash?
  • Expenses: just how much does trading cost on Plus500?
  • Functionalities: what are the possibilities of the software?
  • Trading choices: in what securities you trade on Plus500?
  • Support: what assistance do you get when trading?
  • Costumer service: what is the quality of the costumer service? (costumer-service).
  • Dependability: Is this broker trustworthy? (dependability).
  • Information: more info about Plus500 (info).
  • Conclusion: the decision of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you must first go to the Plus500 website. Click here * to open the Plus500 website. To create a totally free demonstration account, you simply need to select an email address and a password. It is likewise possible to visit with your Facebook or Google account. After you have left this details, you can instantly begin trading. Plus500 Frequently Asked Questions.

Plus500 Frequently Asked Questions

Plus500 accepts customers from most countries. However, 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 review, we therefore give Plus500 a favorable rating for opening an account. Plus500 Frequently Asked Questions.

 

Deposit & withdraw cash
When you have ended up being acquainted with the Plus500 platform, you can change to a genuine money account at any time. The minimum deposit at Plus500 is $100. You can deposit cash into your account by utilizing among these techniques:

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

Before your deposit can be processed, you must verify your identity. Plus500 should abide by legislation and can just receive confirmed customers. By validating new costumers, Plus500 avoids clients from utilizing the account for cash laundering.

Plus500 Frequently Asked Questions

We’ve gone through the entire procedure and published the needed files. Our account was authorized and launched by Plus500 within an hour. After validating the identity of your account, you don’t need to do it once again. The length of this process depends on your individual circumstance and can be different for each customer.

 

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

Plus500 Frequently Asked Questions

 

On Plus500 there are no additional costs for depositing and withdrawing money. This is a huge benefit of the broker Plus500: numerous other brokers charge a small charge for withdrawing cash. Traders can benefit from approximately 5 free withdrawals a month, after which a cost will be sustained.

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

Plus500 Frequently Asked Questions

Review of the costs of Plus500
When you start trading with Plus500, you obviously do not want a large part of your money to be lost to high transaction expenses. In this part of the review, we take a comprehensive look at the costs of trading with Plus500. Below we quickly examine 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 price of a CFD. Plus500 uses two spread systems for its instruments: Dynamic spread which is constantly adjusted according to the market spread throughout the duration a position is open vs. a Spread which does not generally change in line with basic market fluctuations while a position is open, but when the market is volatile and illiquid, may change to a brand-new level so that the underlying market conditions are much better reflected. Nonetheless, Plus500 aims to provide the tightest possible spreads at all times. Plus500 Frequently Asked Questions.

 

Forex costs on Plus500
On Plus500 you can trade in different currency pairs. At the time of composing, you are paying 0.6 pips in transaction charges on the pair of EUR/ USD. We compared these expenses with those of other service providers and concluded that these costs are comparable to those of other brokers. (We have drawn out these information on the 2th of June 14:00.).

 

Cryptocurrency costs on Plus500
On Plus500 you can likewise trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against relatively 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 for that reason relatively advantageous at Plus500. (We have extracted these information 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 equates 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.).

 

Funding expenses 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 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 costs. In some cases, you actually receive a premium for brief positions. We compared Plus500 with other celebrations for this review and the funding costs were relatively low. Still, it is very important to remember that Plus500 is not really suitable for long-lasting trading because of the financing costs you have to pay on a daily basis. Plus500 Frequently Asked Questions.

 

Other costs on Plus500
We have thoroughly examined the expenses for this review, and we have not discovered any bothersome covert expenses. You should make sure that you log in to the platform at least when every three months. If you do not do this, costs 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 sensible to withdraw the cash from your account.

 

You can inspect all Charges here:

Plus500 is mainly 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 indicates 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 Frequently Asked Questions.

The following extra charges might be used:

Overnight Financing – The overnight funding amount is either added to or subtracted from your account when holding a position after a particular time (the “Overnight Funding Time”).
The over night funding time and the daily overnight funding portion can be found in the “Details” link beside 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 Charge will currently depend on 0.7% of the trade’s understood internet earnings and loss and reflected in real time into the unrealised net earnings and loss of an employment opportunity.

Inactivity Cost – A cost of approximately USD 10 per month will be imposed, need to you not log in to your trading represent a period of at least 3 months. This charge will be charged once a month from that minute onwards, as long as no login is made to the account. The lack of exercise cost will amount to the lower of the staying offered balance in your account or USD 10 (or equivalent depending on your currency). This is to balance out the expense sustained in making the service offered, although it has actually not been utilized. Please note that the charge is just collected from the Genuine Money account and only when there are adequate 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 enough activity to prevent a fee from being charged.

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

 

Conclusion Plus500 charges
The costs 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 post about the expenses on Plus500, we take a closer look at the different costs you pay when you trade with Plus500.

Plus500 Frequently Asked Questions

Software application & possibilities
When you begin trading, we comprehend that you of course likewise want to use an excellent software package. With Plus500 trading is primarily done through the online WebTrader. A terrific benefit of the WebTrader is the availability: you can visit to the platform at any time and from any place to open or close a position.

What stuck 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 therefore not need to search long for purchase & offer buttons on Plus500. Plus500 Frequently Asked Questions.

 

Opening a trade
Opening a trade with Plus500 is rather straightforward. It is important to keep in mind that with Plus500 you constantly sell CFDs. With Plus500 you never ever straight trade in a share. The only thing that determines your outcome is the difference in between the rate at which you open and close the position.

When you open a position, you have 2 alternatives. You can buy 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 price. Since you utilize utilize there is a high risk of losing cash rapidly due to leverage.

 

The option to speculate on a decreasing price is a significant benefit within the Plus500 platform. The option to brief sell increases your flexibility and makes it possible to react to various market situations.

 

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

Plus500 Frequently Asked Questions

In the order screen you can enter the quantity you wish to trade with. You also have the alternative to immediately open or close the position after a certain rate has actually been reached. This makes it possible to safeguard you trades when you need to go out. Plus500 Frequently Asked Questions.

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

Plus500 Frequently Asked Questions

 

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

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

 

Mobile application
On Plus500 you can also trade with the mobile application they provide. The mobile application is less substantial than the WebTrader. You can carry out less extensive analyses with it. It is useful to likewise install the mobile application. With the app you can receive cautions when the cost of a security reaches a specific worth.

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

Plus500 Frequently Asked Questions

Trading options at Plus500
In this part of the review we will talk about the various types of securities you can trade in with Plus500.

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

Shares
On Plus500 you can likewise sell an extensive series of CFD shares. The shares are nicely arranged by country, so you can rapidly discover a share to trade.

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

Options
On Plus500 you can likewise trade in CFDs on options. Options typically move highly: a choice can sometimes rise or fall in worth by 10s of percent. With CFDs you can apply an utilize of approximately 1:20 to alternatives, 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 trade in the Dow Jones or NASDAQ index trackers.


Cryptocurrencies

At Plus500 you can also trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are really unstable and it can for that reason be interesting to actively hypothesize on their cost developments. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to guidelines”). Plus500 Frequently Asked Questions.


Conclusion on the trading choices at Plus500

Plus500 has a large range of tradable CFD securities. Even reasonably unknown regional stocks can often be found on the Plus500 platform. This makes Plus500 an attractive broker for investors from all countries. My experience with Plus50 has for that reason been very positive.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the graphs. Within the software application you can utilize different illustration choices. You can draw horizontal levels to suggest price levels where the market typically relocates the opposing instructions.

Plus500 Frequently Asked Questions

You can also include technical indications on the chart. The range of technical indications at Plus500 is massive. You can pick from more than 100 various alternatives. It is smart to utilize technical indicators. By using technical signs, you can perform much better analyses.

Plus500 Frequently Asked Questions

The technical analysis choices within the Plus500 software are comprehensive. It is troublesome that you can not save several graphs. This indicates that you need to duplicate the examines routinely. Expert financiers would need to download other programs to carry out more complex analyses.

 

Research study and education
In this review we can be fast about the possibilities of research and education: at Plus500 these alternatives are entirely missing out on. There are no courses or webinars offered at Plus500. This is a downside for people who join Plus500 to learn how to trade much better.

It is useful that you get an alert within the Plus500 software when fascinating developments take place. 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 want to take a position on the marketplace development. Plus500 Frequently Asked Questions.

Within the Plus500 software 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.

 

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

It is suggested to contact customer care through live chat. You can utilize 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 answered 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 sufficiently in regards to customer service. Plus500 Frequently Asked Questions.

Plus500 Frequently Asked Questions

 

Security & reliability
Prior to you transfer money with a company, you naturally want to know that it is completely secure to do so. In this part of the evaluation, we look at how trusted Plus500 is.

Guideline
Supervisors make sure that brokers abide by the guidelines. Plus500 is supervised by:

  • Plus500UK Ltd authorized & managed by the FCA (# 509909).
  • Plus500CY Ltd authorized & managed 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), certified 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 on your citizenship, you enjoy additional security if Plus500 goes bankrupt. This is done through a so-called investor protection fund. All customer funds are held in a segregated client checking account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has actually likewise set numerous extra guidelines to make sure that your money is as secure as possible on Plus500. Below you can discover a summary of these measurements:

Plus500 Frequently Asked Questions

Plus500 will never speculate with clients’ money. All funds are kept in a different checking account, which indicates that this money is safe and secure when unanticipated things happen with Plus500. And last but not least, on Plus500 you are safeguarded versus an unfavorable balance, due to the fact that he Negative balance defense is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be left with a residual financial obligation. Plus500 Frequently Asked Questions.

 

Conclusion reliability
Plus500 is 100% no scam. Plus500 firmly handles client possessions. The company is likewise monitored. Plus500 has actually been around given that 2008 and is even noted on the London stock market. These are all great indicators that Plus500 is dependable and we have pertained to that conclusion ourselves.

Plus500 Frequently Asked Questions

About the company
Plus500 was founded in 2008 and has actually grown strongly since then. Plus500 is active in more than 30 nations and served more than 200,000 active consumers in 2019. Plus500 executed over 35 million transactions with a value of over $1,000 billion in one year. The headquarters of the company can be discovered in Israel, however they have actually opened a number of extra offices in other nations. Do you wish to know more about the Plus500 company? In this short article you will find everything you require to understand!

Plus500 Frequently Asked Questions

Conclusion review Plus500
Plus500 is among the very 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 react to changing market conditions by placing orders on both rising and falling rates. Plus500 Frequently Asked Questions.

Do you want to find how Plus500 works? Then right away open a totally free demo-account by pushing the button listed below:

 

–>> Open Demo Account here <<–

79% of retail CFD accounts lose money