Plus500 Investors Chronicle

Plus500 Evaluation: our experience with this broker – Plus500 Investors Chronicle
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument schedule subject to policies), Forex and stocks. In this comprehensive review, we share our experiences with this broker. In our test, Plus500 emerged as an user-friendly broker where you can react to the latest market advancements at low rates. Plus500 Investors Chronicle.

Plus500 Investors Chronicle

Advantage Plus500

  • At Plus500 you can speculate on rate developments at low rates.
  • You can sell a comprehensive variety of CFD shares.
  • It is possible to attempt Plus500 totally free with a demonstration.
  • On Plus500 you can utilize the easy to use web trader.
  • Plus500 uses its services in more than 30 different languages.
  • On Plus500 you can begin trading from $100. Plus500 Investors Chronicle.

 

Drawbacks Plus500

  • Plus500 does not offer sophisticated software application for expert traders.
  • You can not discover comprehensive analyses within the platform.
  • Plus500 customer service is not available by phone.
  • On Plus500 you can just trade in CFDs.

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

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

Plus500 Investors Chronicle

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 deposit and withdraw money?
  • Expenses: how much does trading expense on Plus500?
  • Performances: what are the possibilities of the software application?
  • Trading alternatives: in what securities you trade on Plus500?
  • Assistance: what assistance do you get when trading?
  • Customer service: what is the quality of the customer service? (costumer-service).
  • Dependability: Is this broker trustworthy? (dependability).
  • Information: more info about Plus500 (information).
  • Conclusion: the decision of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you should initially go to the Plus500 website. Click on this link * to open the Plus500 site. To create a free demo account, you simply have to pick 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 Investors Chronicle.

Plus500 Investors Chronicle

Plus500 accepts customers from a lot of nations. There are likewise citizenships that are not confessed to Plus500. Traders from for example, 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 therefore provide Plus500 a positive ranking for opening an account. Plus500 Investors Chronicle.

 

Deposit & withdraw money
When you have become 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 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 only get verified customers. By validating brand-new clients, Plus500 avoids costumers from utilizing the represent cash laundering.

Plus500 Investors Chronicle

We’ve gone through the whole procedure and submitted the required files. Our account was approved and launched by Plus500 within an hour. After validating the identity of your account, you don’t have to do it once again. The length of this process depends on your individual scenario and can be various for each client.

 

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

Plus500 Investors Chronicle

 

On Plus500 there are no extra costs for transferring and withdrawing cash. This is a big advantage of the broker Plus500: numerous other brokers charge a small charge for withdrawing cash. Traders can take advantage of 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 Investors Chronicle

Review of the costs of Plus500
When you begin trading with Plus500, you clearly do not want a big part of your money to be lost to high transaction costs. In this part of the evaluation, we take a comprehensive look at the costs of trading with Plus500. Listed below we briefly examine which costs Plus500 hands down to its customers.

 

Spread
With Plus500 you pay a spread over every deal. The spread is the distinction between the buy and sell rate of a CFD. Plus500 offers 2 spread systems for its instruments: Dynamic spread which is continuously changed according to the marketplace spread throughout the duration a position is open vs. a Spread which does not normally change in line with basic market changes 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 better reflected. Plus500 aims to offer the tightest possible spreads at all times. Plus500 Investors Chronicle.

 

Forex expenses on Plus500
On Plus500 you can sell various currency pairs. At the time of writing, you are paying 0.6 pips in transaction costs on the pair of EUR/ USD. We compared these expenses with those of other suppliers and concluded that these costs are comparable to those of other brokers. (We have actually extracted these data on the 2th of June 14:00.).

 

Cryptocurrency expenses on Plus500
On Plus500 you can likewise sell cryptocurrencies such as Bitcoin. In our evaluation 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 useful at Plus500. (We have actually extracted these data on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can likewise trade in 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 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.).

 

Financing expenses at Plus500
With Plus500 you have the option to trade on margin. Because you can trade on margin, you do not need 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 over night funding buy and the overnight funding sell expenses. Sometimes, you actually receive a premium for short positions. We compared Plus500 with other celebrations for this review and the financing costs were relatively low. Still, it is necessary to remember that Plus500 is not very suitable for long-term trading because of the funding costs you have to pay on a daily basis. Plus500 Investors Chronicle.

 

Other costs on Plus500
We have actually thoroughly investigated the costs for this review, and we have actually not found any annoying surprise expenses. Nevertheless, you need to make sure that you visit to the platform at least when every 3 months. If you don’t do this, costs for lack of exercise 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 sensible to withdraw the cash from your account.

 

You can inspect all Charges 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 implies 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 Investors Chronicle.

The following extra fees might be applied:

Overnight Financing – The overnight financing 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 over night funding portion can be found in the “Details” link beside 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 different to the currency of your account.
The Currency Conversion Fee will currently be up to 0.7% of the trade’s understood net earnings and loss and reflected in real time into the unrealised net profit and loss of an open position.

Inactivity Fee – A charge of up to USD 10 each month will be imposed, need to you not log in to your trading represent a period of at least three months. This fee will be charged as soon as a month from that minute onwards, as long as no login is made to the account. The lack of exercise fee will be equal to the lesser of the remaining 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 readily available, although it has actually not been used. Please note that the charge is only collected from the Genuine Money account and only when there are sufficient readily available funds in the account. In order to avoid this charge, merely log into your trading account from time to time, as this is considered enough activity to prevent a fee from being charged.

Guaranteed Stop Order – if you pick this function, please note that as it guarantees that your position (trade) closes at a particular requested rate (cost), the trade undergoes a broader spread.

 

Conclusion Plus500 charges
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 expenses on Plus500, we take a closer look at the numerous expenses you pay when you trade with Plus500.

Plus500 Investors Chronicle

Software application & possibilities
When you begin trading, we understand that you obviously also want to use an excellent software package. With Plus500 trading is primarily done by means of the online WebTrader. A fantastic benefit 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 stood apart 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 want to trade. New clients will for that reason not need to browse wish for purchase & sell buttons on Plus500. Plus500 Investors Chronicle.

 

Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is important to remember that with Plus500 you always trade in CFDs. With Plus500 you never ever directly trade in a share. The only thing that identifies your outcome is the distinction between the cost at which you open and close the position.

When you open a position, you have two options. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a positive result with a rising cost and when you sell the CFD you get a positive result with a falling cost. Because you utilize utilize there is a high danger of losing cash rapidly due to leverage.

 

The choice to hypothesize on a decreasing rate is a significant benefit within the Plus500 platform. The alternative to brief sell increases your flexibility and makes it possible to react to various market scenarios.

 

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

Plus500 Investors Chronicle

In the order screen you can go into the amount you want to trade with. You likewise have the option to immediately open or close the position after a specific rate has actually been reached. This makes it possible to secure you trades when you need to go out. Plus500 Investors Chronicle.

It is likewise possible to position an order with Plus500. You do this by entering a rate at which you instantly open the CFD position. By using orders, you can attain even better trading outcomes.

Plus500 Investors Chronicle

 

Leverage
With Plus500 you have the option to apply a take advantage of. With a lever you can take a bigger position with the exact same quantity of cash. Both your potential revenue and your potential loss increase when you use leverage. With each security you can right away see what the maximum utilize is that you can apply.

The existence of a leverage is a benefit in the review of Plus500. You can always decide to invest with smaller amounts if you wish to decrease your danger.

 

Mobile application
On Plus500 you can also trade with the mobile application they use. The mobile application is less comprehensive than the WebTrader. You can carry out less extensive analyses with it. However, it works to likewise install the mobile application. With the app you can get cautions when the rate of a security reaches a specific worth.

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

Plus500 Investors Chronicle

Trading options at Plus500
In this part of the review we will discuss the different kinds of securities you can sell with Plus500.

Forex
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you hypothesize on rate changes in currency pairs. You can for instance location a trade on the development of the euro against the dollar.

Shares
On Plus500 you can also sell a substantial range of CFD shares. The shares are neatly sorted by nation, so you can quickly discover a share to trade.

Products
It’s likewise possible to trade in commodities by using CFDs. The most popular product for trading is oil. You can often use a maximum leverage of as much as 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 options. Options frequently move highly: an alternative can in some cases rise or fall in value by 10s of percent. With CFDs you can use an utilize of approximately 1:20 to alternatives, which even more increases your prospective gains or losses.

Indices or ETFs
On Plus500 you can also sell 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 well-known cryptocurrencies. Cryptocurrencies are extremely unstable and it can for that reason be interesting to actively speculate on their price advancements. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to guidelines”). Plus500 Investors Chronicle.


Conclusion on the trading choices at Plus500

Plus500 has a vast array of tradable CFD securities. Even relatively unknown regional stocks can typically be discovered on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all countries. My experience with Plus50 has actually therefore been extremely positive.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the charts. Within the software application you can utilize different drawing options. You can draw horizontal levels to show price levels where the marketplace often relocates the opposing direction.

Plus500 Investors Chronicle

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

Plus500 Investors Chronicle

The technical analysis options within the Plus500 software are substantial. However, it is troublesome that you can not conserve several graphs. This suggests that you need to repeat the analyzes frequently. Expert investors would need to download other programs to carry out more complex analyses.

 

Research and education
In this review we can be fast about the possibilities of research and education: at Plus500 these alternatives are totally missing. There are no courses or webinars readily available at Plus500. This is a drawback for individuals who sign up with Plus500 to discover how to trade better.

It is useful that you receive a notice within the Plus500 software when fascinating developments take place. When the price of, for instance, oil falls dramatically, you will receive a notification of this event. You can then choose on your own whether you want to take a position on the market development. Plus500 Investors Chronicle.

Within the Plus500 software application 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 purchasers or sellers. Other fundamental data is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.

 

Client service
Plus500 has an extensive and quick customer service that is offered in more than 30 languages. Your problems can be fixed quickly in your language.

It is suggested to call customer support by means of live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be solved almost immediately.

It is likewise possible to email Plus500. Mails are frequently answered within a day. It is a pity that no phone number is available. This makes it difficult to speak straight to someone. Due to the fast processing time, Plus500 still ratings adequately in regards to customer support. Plus500 Investors Chronicle.

Plus500 Investors Chronicle

 

Security & dependability
Prior to you transfer money with a business, you naturally want to know that it is entirely safe and secure to do so. In this part of the evaluation, we look at how trustworthy Plus500 is.

Policy
Supervisors make sure that brokers stick to the guidelines. Plus500 is monitored by:

  • Plus500UK Ltd authorized & controlled by the FCA (# 509909).
  • Plus500CY Ltd authorized & controlled 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), licensed by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed monetary service provider in South Africa, FSP # 47546.

Security of your deposits
Depending on your nationality, you enjoy additional defense if Plus500 goes bankrupt. This is done through a so-called investor defense fund. All customer funds are kept in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has also set numerous additional guidelines to ensure that your money is as protected as possible on Plus500. Listed below you can discover an overview of these measurements:

Plus500 Investors Chronicle

Plus500 will never ever hypothesize with consumers’ money. All funds are saved in a separate bank account, which indicates that this money is safe when unforeseen things happen with Plus500. And last but not least, on Plus500 you are safeguarded against an unfavorable balance, since he Unfavorable balance protection is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a recurring financial obligation. Plus500 Investors Chronicle.

 

Conclusion reliability
Plus500 is 100% no scam. Plus500 securely handles client assets. The business is also supervised. Plus500 has actually been around since 2008 and is even noted on the London stock exchange. These are all excellent indications that Plus500 is dependable and we have come to that conclusion ourselves.

Plus500 Investors Chronicle

About the business
Plus500 was founded in 2008 and has grown highly ever since. Plus500 is active in more than 30 countries and served more than 200,000 active clients in 2019. Plus500 performed over 35 million deals with a value of over $1,000 billion in one year. The head office of the business can be discovered in Israel, but they have opened a number of extra workplaces in other nations. Do you would like to know more about the Plus500 business? In this post you will find whatever you need to know!

Plus500 Investors Chronicle

Conclusion review Plus500
Plus500 is one of 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 also have the opportunity to respond to altering market conditions by positioning orders on both rising and falling prices. Plus500 Investors Chronicle.

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

 

–>> Open Demo Account here <<–

79% of retail CFD accounts lose money