Plus500 Hkd

Plus500 Evaluation: our experience with this broker – Plus500 Hkd
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument schedule subject to guidelines), Forex and stocks. In this comprehensive review, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can respond to the current market developments at low rates. Plus500 Hkd.

Plus500 Hkd

Advantage Plus500

  • At Plus500 you can hypothesize on price developments at low rates.
  • You can trade in an extensive range of CFD shares.
  • It is possible to attempt 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 begin trading from $100. Plus500 Hkd.

 

Disadvantages Plus500

  • Plus500 does not provide innovative software application for professional traders.
  • You can not discover substantial analyses within the platform.
  • Plus500 customer care is not available by phone.
  • On Plus500 you can only sell CFDs.

Would you like to try the possibilities at Plus500 with a demo totally free of charge and without threat? Use the button listed below to open a demo account with this broker:

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

Plus500 Hkd

We talk about the following topics in the Plus500 evaluation:

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

 

Opening an account with Plus500
To do this you must first check out the Plus500 website. Click on this link * to open the Plus500 website. To create a complimentary demonstration account, you just need to pick an email address and a password. It is also possible to visit with your Facebook or Google account. After you have left this details, you can immediately begin trading. Plus500 Hkd.

Plus500 Hkd

Plus500 accepts consumers from the majority of nations. Nevertheless, there are likewise citizenships that are not confessed 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 review, we therefore give Plus500 a positive ranking for opening an account. Plus500 Hkd.

 

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

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

Prior to your deposit can be processed, you need to confirm your identity. Plus500 must abide by legislation and can just get verified customers. By validating brand-new clients, Plus500 prevents customers from using the represent cash laundering.

Plus500 Hkd

We’ve gone through the entire process and uploaded the required documents. Our account was authorized and launched by Plus500 within an hour. After validating the identity of your account, you do not have to do it again. The length of this procedure depends on your personal situation and can be different for each customer.

 

Withdraw money
You can withdraw the money into your account at any time. You can do this by moving the cash to your savings account or PayPal account. The transfer is made quickly and the cash will remain in your account within a few days. Plus500 Hkd.

Plus500 Hkd

 

On Plus500 there are no additional costs for transferring and withdrawing money. This is a big benefit of the broker Plus500: numerous other brokers charge a small fee for withdrawing money. Traders can make the most 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 Hkd

Review of the costs of Plus500
When you start trading with Plus500, you clearly do not want a big part of your cash to be lost to high deal costs. In this part of the evaluation, we take a comprehensive take a look at the charges of trading with Plus500. Listed below we briefly analyze which costs Plus500 passes on to its clients.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the distinction between the buy and sell cost of a CFD. Plus500 provides two spread mechanisms for its instruments: Dynamic spread which is continuously adjusted according to the market spread throughout the duration a position is open vs. a Spread which does not normally alter in line with general market fluctuations while a position is open, however when the marketplace is unstable and illiquid, may alter to a new level so that the underlying market conditions are much better reflected. Plus500 intends to supply the tightest possible spreads at all times. Plus500 Hkd.

 

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

 

Cryptocurrency expenses on Plus500
On Plus500 you can also trade in cryptocurrencies such as Bitcoin. In our evaluation 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 composing while at eToro you pay more than $50 per agreement. Trading cryptocurrencies is therefore relatively advantageous at Plus500. (We have actually extracted these information on the 2th of June 14:00.).

 

Share costs on Plus500
At Plus500 you can likewise sell shares by using 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 value. Trading CFD Tesla shares is therefore possible at a low cost. (Please keep in mind that this is a picture on April 20, 2020 at 13:00.).

 

Funding costs at Plus500
With Plus500 you have the option to trade on margin. Since 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 funding buy and the overnight funding sell expenses. In some cases, you in fact get a premium for brief positions. We compared Plus500 with other celebrations for this review and the funding costs were relatively low. Still, it is important to bear in mind that Plus500 is not extremely appropriate for long-term trading because of the funding charges you have to pay on a daily basis. Plus500 Hkd.

 

Other costs on Plus500
We have extensively examined the costs for this review, and we have not discovered any irritating covert expenses. You should make sure that you log in to the platform at least once every 3 months. If you don’t do this, expenses for inactivity will be charged. This holds true with a lot of 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 inspect all Costs 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 suggests 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 Hkd.

The following additional fees might be used:

Overnight Funding – The over night funding amount is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Financing Time”).
The over night funding time and the daily overnight financing portion can be found in the “Particulars” link next to the instrument’s name on the primary screen of the platform.

Currency Conversion Cost – 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 Cost will currently depend on 0.7% of the trade’s realised net profit and loss and reflected in real time into the unrealised net earnings and loss of an open position.

Lack of exercise Fee – A charge of approximately USD 10 monthly will be imposed, must you not log in to your trading account for a duration of at least 3 months. This fee will be charged when a month from that minute onwards, as long as no login is made to the account. The lack of exercise charge will amount to the lesser of the remaining available balance in your account or USD 10 (or comparable depending on your currency). This is to offset the expense sustained in making the service available, even though it has actually not been utilized. Please note that the fee is only gathered from the Real Cash account and only when there are sufficient readily available funds in the account. In order to avoid this fee, simply log into your trading account from time to time, as this is considered 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 asked for rate (price), the trade goes through a larger spread.

 

Conclusion Plus500 charges
The expenses 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 different costs you pay when you trade with Plus500.

Plus500 Hkd

Software & possibilities
When you begin trading, we understand that you obviously likewise want to utilize a good software package. With Plus500 trading is mainly done through the online WebTrader. A great benefit of the WebTrader is the accessibility: you can visit to the platform at any time and from any area to open or close a position.

What stood apart 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 want to trade. New clients will for that reason not have to search long for buy & offer buttons on Plus500. Plus500 Hkd.

 

Opening a trade
Opening a trade with Plus500 is rather straightforward. It is very important to bear in mind that with Plus500 you always sell CFDs. With Plus500 you never directly sell a share. The only thing that determines your outcome is the distinction in between the rate at which you open and close the position.

When you open a position, you have 2 options. You can purchase the CFD or you can go short on the CFD. When you buy the CFD you get a favorable outcome with a rising price and when you sell the CFD you get a positive outcome with a falling rate. Given that you utilize take advantage of there is a high threat of losing cash quickly due to utilize.

 

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

 

Type of orders
With Plus500 you can immediately open an order. When you push buy or offer you will see the screen listed below:

Plus500 Hkd

In the order screen you can get in the amount you want to trade with. You also have the alternative to immediately open or close the position after a particular price has actually been reached. This makes it possible to secure you trades when you need to go out. Plus500 Hkd.

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

Plus500 Hkd

 

Utilize
With Plus500 you have the alternative to apply a leverage. With a lever you can take a larger position with the very same quantity of money. Both your possible revenue and your potential loss increase when you use take advantage of. With each security you can instantly see what the optimum take advantage of is that you can apply.

The existence of a take advantage of is an advantage in the evaluation of Plus500. You can constantly decide to invest with smaller sized amounts if you want to reduce your risk.

 

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 comprehensive analyses with it. It is useful to also install the mobile application. With the app you can receive warnings when the price of a security reaches a particular worth.

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

Plus500 Hkd

Trading choices at Plus500
In this part of the evaluation we will talk about the different types of securities you can trade in with Plus500.

Forex
With Plus500 you can sell CFDs on Forex. When you trade in Forex, you speculate on rate modifications in currency sets. You can for instance location a trade on the development of the euro versus the dollar.

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

Products
It’s likewise possible to trade in products by using CFDs. The most popular commodity for trading is oil. You can frequently apply a maximum leverage of up to 1:20 to investments in basic materials. When you sell gold you can use an utilize of 1:20.

Options
On Plus500 you can likewise sell CFDs on choices. Options frequently move highly: a choice can sometimes increase or fall in worth by 10s of percent. With CFDs you can apply a leverage of approximately 1:20 to choices, which further increases your possible gains or losses.

Indices or ETFs
On Plus500 you can also trade in CFDs on well-known indexes or ETFs. You can for instance sell the Dow Jones or NASDAQ index trackers.


Cryptocurrencies

At Plus500 you can likewise trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are really unstable and it can therefore be interesting to actively speculate on their cost developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument accessibility subject to guidelines”). Plus500 Hkd.


Conclusion on the trading alternatives at Plus500

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

 

Assistance & research study
In this part of the review, 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 drawing options. You can draw horizontal levels to indicate price levels where the market frequently relocates the opposing instructions.

Plus500 Hkd

You can likewise add technical signs on the graph. The series of technical indications at Plus500 is massive. You can pick from more than 100 different choices. It is wise to utilize technical indicators. By utilizing technical indicators, you can execute much better analyses.

Plus500 Hkd

The technical analysis options within the Plus500 software application are comprehensive. However, it is troublesome that you can not save multiple graphs. This suggests that you have to duplicate the evaluates frequently. Professional financiers would need to download other programs to carry out more complex analyses.

 

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

It works that you receive an alert within the Plus500 software when interesting advancements take place. When the price of, for example, oil falls sharply, you will receive a notification of this event. You can then choose for yourself whether you wish to take a position on the marketplace development. Plus500 Hkd.

Within the Plus500 software you can likewise 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 fundamental data is missing with Plus500 platform. Plus500 does not score well in the field of research study and education in our viewpoint.

 

Customer care
Plus500 has a thorough and quick customer service that is readily available in more than 30 languages. Your problems can be resolved quickly in your language.

It is recommended to call customer support via live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your problems can be fixed practically instantly.

It is also possible to email Plus500. Mails are typically answered within a day. It is a pity that no phone number is readily available. This makes it impossible to speak straight to someone. Due to the fast processing time, Plus500 still scores sufficiently in terms of customer support. Plus500 Hkd.

Plus500 Hkd

 

Security & reliability
Before you transfer money with a business, you naturally would like to know that it is totally safe to do so. In this part of the evaluation, we look at how reputable Plus500 is.

Policy
Supervisors guarantee that brokers follow the guidelines. Plus500 is monitored by:

  • Plus500UK Ltd authorized & controlled by the FCA (# 509909).
  • Plus500CY Ltd licensed & managed by the CySEC (# 250/14).
  • Plus500SG Pte Ltd, licensed 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 service provider in South Africa, FSP # 47546.

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

Plus500 has also set a number of additional rules to ensure that your cash is as protected as possible on Plus500. Listed below you can discover an introduction of these measurements:

Plus500 Hkd

Plus500 will never hypothesize with customers’ money. All funds are stored in a separate bank account, which suggests that this cash is secure when unanticipated things happen with Plus500. And last but not least, on Plus500 you are safeguarded against a negative balance, due to the fact that he Unfavorable balance security is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted a residual financial obligation. Plus500 Hkd.

 

Conclusion reliability
Plus500 is 100% no rip-off. Plus500 firmly handles client possessions. The company is also monitored. Plus500 has actually been around since 2008 and is even listed on the London stock exchange. These are all great indications that Plus500 is trusted and we have pertained to that conclusion ourselves.

Plus500 Hkd

About the company
Plus500 was founded in 2008 and has actually grown highly ever since. Plus500 is active in more than 30 countries and served more than 200,000 active clients in 2019. Plus500 executed over 35 million transactions with a worth of over $1,000 billion in one year. The headquarters of the business can be found in Israel, however 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 whatever you need to understand!

Plus500 Hkd

Conclusion evaluation Plus500
Plus500 is one of the best CFD brokers. With Plus500 you can actively trade CFDs on all recognized 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 changing market conditions by placing orders on both fluctuating rates. Plus500 Hkd.

Do you want to find 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