Plus500 Offices

Plus500 Review: our experience with this broker – Plus500 Offices
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument accessibility 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 advancements at low rates. Plus500 Offices.

Plus500 Offices

Advantage Plus500

  • At Plus500 you can hypothesize on rate advancements at low rates.
  • You can sell an extensive range of CFD shares.
  • It is possible to try Plus500 free of charge with a demo.
  • On Plus500 you can use the easy to use web trader.
  • Plus500 offers its services in more than 30 different languages.
  • On Plus500 you can begin trading from $100. Plus500 Offices.

 

Drawbacks Plus500

  • Plus500 does not supply innovative software application for professional traders.
  • You can not find extensive analyses within the platform.
  • Plus500 customer service is not offered by phone.
  • On Plus500 you can just trade in CFDs.

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

–>> Open Demo Account here <<–

Plus500 Offices

We go over the following subjects in the Plus500 review:

  • Open account: how can you open an account with Plus500?
  • Deposit money: how can you transfer and withdraw money?
  • Expenses: how much does trading expense on Plus500?
  • Performances: what are the possibilities of the software?
  • Trading alternatives: in what securities you trade on Plus500?
  • Support: what support do you get when trading?
  • Customer service: what is the quality of the client service? (costumer-service).
  • Reliability: Is this broker reputable? (reliability).
  • Info: more details about Plus500 (info).
  • Conclusion: the decision of the Plus500 review (conclusion).

 

Opening an account with Plus500
To do this you should first visit the Plus500 website. Click here * to open the Plus500 website. To create a complimentary demo account, you simply have to select an e-mail address and a password. It is also possible to log in with your Facebook or Google account. After you have left this details, you can instantly begin trading. Plus500 Offices.

Plus500 Offices

Plus500 accepts customers from most nations. Nevertheless, there are likewise nationalities that are not confessed to Plus500. Traders from for example, 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 evaluation, we therefore provide Plus500 a favorable score for opening an account. Plus500 Offices.

 

Deposit & withdraw money
When you have become knowledgeable about the Plus500 platform, you can change to a genuine cash account at any time. The minimum deposit at Plus500 is $100. You can deposit money into your account by utilizing one of these techniques:

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

Before your deposit can be processed, you must validate your identity. Plus500 needs to comply with legislation and can just receive confirmed clients. By validating new customers, Plus500 avoids customers from using the account for money laundering.

Plus500 Offices

We have actually gone through the entire procedure and submitted the needed documents. Our account was authorized and released by Plus500 within an hour. After validating the identity of your account, you don’t have to do it again. The length of this procedure depends upon your individual scenario and can be various for each client.

 

Withdraw cash
You can withdraw the cash 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 rapidly and the money will remain in your account within a few days. Plus500 Offices.

Plus500 Offices

 

On Plus500 there are no extra expenses for transferring and withdrawing money. This is a huge benefit of the broker Plus500: many other brokers charge a small fee 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 <<–

Plus500 Offices

Review of the expenses of Plus500
When you begin trading with Plus500, you certainly do not desire a large part of your money to be lost to high transaction costs. In this part of the evaluation, we take a detailed look at the costs of trading with Plus500. Below we quickly take a look at which costs Plus500 passes on to its customers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the difference between the buy and sell cost of a CFD. Plus500 provides two spread mechanisms for its instruments: Dynamic spread which is constantly changed according to the market spread out during the duration a position is open vs. a Spread which does not usually alter in line with general market variations while a position is open, however when the market is unpredictable and illiquid, may change to a new level so that the underlying market conditions are better shown. Plus500 intends to provide the tightest possible spreads at all times. Plus500 Offices.

 

Forex costs on Plus500
On Plus500 you can sell different currency pairs. At the time of writing, you are paying 0.6 pips in deal charges on the pair of EUR/ USD. We compared these costs with those of other service providers and concluded that these expenses 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 also trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade versus relatively advantageously fees 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 for that reason relatively helpful at Plus500. (We have extracted these data on the 2th of June 14:00.).

 

Share costs on Plus500
At Plus500 you can also trade in shares by utilizing CFDs. As an example: For the CFD share Tesla you currently 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 photo on April 20, 2020 at 13:00.).

 

Financing costs at Plus500
With Plus500 you have the alternative to trade on margin. Since 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 overnight funding buy and the overnight financing offer costs. In some cases, you in fact get a premium for short positions. We compared Plus500 with other celebrations for this evaluation and the financing expenses were relatively low. Still, it is essential to bear in mind that Plus500 is not extremely suitable for long-lasting trading because of the financing charges you have to pay every day. Plus500 Offices.

 

Other expenses on Plus500
We have actually extensively examined the costs for this review, and we have actually not discovered any bothersome concealed expenses. You need to guarantee that you log in to the platform at least when every three months. If you don’t do this, costs for inactivity will be charged. This holds true with the majority of brokers.

Do you have an account with Plus500 and are you not preparing to trade for a while? It is sensible to withdraw the money from your account.

 

You can inspect all Fees here:

Plus500 is generally 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 also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Offices.

However, the following additional charges might be used:

Overnight Funding – The over night funding 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 everyday overnight financing percentage 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 Fee for all trades on instruments denominated in a currency different to the currency of your account.
The Currency Conversion Charge will presently depend on 0.7% of the trade’s realised net revenue and loss and reflected in real time into the unrealised net revenue and loss of an open position.

Lack of exercise Fee – A fee of up to USD 10 per month will be levied, must you not visit to your trading account for a period of at least three months. This fee will be charged as soon as a month from that moment onwards, as long as no login is made to the account. The inactivity fee will amount 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 readily available, despite the fact that it has actually not been used. Nevertheless, please note that the fee is just gathered from the Real Cash account and only when there suffice available funds in the account. In order to avoid this cost, just 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 pick this feature, please note that as it guarantees that your position (trade) closes at a particular requested rate (cost), the trade undergoes a larger spread.

 

Conclusion Plus500 costs
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 take a look at the various costs you pay when you trade with Plus500.

Plus500 Offices

Software application & possibilities
When you begin trading, we understand that you obviously also wish to use an excellent software package. With Plus500 trading is mainly done by means of the online WebTrader. A fantastic advantage 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 stood apart in our review 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 for that reason not have to search wish for buy & offer buttons on Plus500. Plus500 Offices.

 

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

When you open a position, you have 2 choices. You can purchase the CFD or you can go short on the CFD. When you buy the CFD you get a favorable result with an increasing price and when you sell the CFD you get a favorable result with a falling price. Because you use utilize there is a high threat of losing cash quickly due to leverage.

 

The alternative to hypothesize on a declining cost is a significant benefit within the Plus500 platform. The option to short sell increases your flexibility and makes it possible to respond to different market scenarios.

 

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

Plus500 Offices

In the order screen you can get in the amount you wish to trade with. You also have the alternative to automatically open or close the position after a particular price has been reached. This makes it possible to protect you trades when you have to go out. Plus500 Offices.

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

Plus500 Offices

 

Leverage
With Plus500 you have the alternative to apply an utilize. With a lever you can take a bigger position with the very same amount of money. Both your prospective profit and your possible loss boost when you use take advantage of. With each security you can right away see what the maximum leverage is that you can apply.

The presence 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 threat.

 

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 carry out less substantial analyses with it. It is useful to likewise install the mobile application. With the app you can receive warnings when the price of a security reaches a certain worth.

The mobile application is very user-friendly and it is great to adjust your orders when market conditions alter considerably. The mobile application is for that reason a strength in our evaluation of the Plus500 platform.

Plus500 Offices

Trading options at Plus500
In this part of the evaluation we will discuss the various kinds 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 sets. You can for example place a trade on the development of the euro against the dollar.

Shares
On Plus500 you can also trade in a substantial series of CFD shares. The shares are nicely arranged by country, so you can quickly find a share to trade.

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

Options
On Plus500 you can also sell CFDs on alternatives. Choices typically move highly: an alternative can in some cases increase or fall in worth by tens of percent. With CFDs you can use a leverage of approximately 1:20 to choices, which even more increases your possible 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.


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 hypothesize on their price advancements. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument accessibility subject to policies”). Plus500 Offices.


Conclusion on the trading options at Plus500

Plus500 has a wide range of tradable CFD securities. Even fairly unknown local stocks can often be found on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all countries. My experience with Plus50 has for that reason been very favorable.

 

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

 

Technical analyses
At Plus500 you can carry out technical analyses on the charts. Within the software you can use various drawing choices. You can draw horizontal levels to show price levels where the marketplace often relocates the opposing instructions.

Plus500 Offices

You can also add technical indications on the graph. The variety of technical indicators at Plus500 is huge. You can select from more than 100 different options. It is wise to utilize technical indications. By using technical indicators, you can execute much better analyses.

Plus500 Offices

The technical analysis options within the Plus500 software application are comprehensive. However, it is bothersome that you can not save several graphs. This indicates that you have to repeat the examines routinely. Expert financiers 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 choices are completely missing. There are no courses or webinars offered at Plus500. This is a downside for individuals who sign up with Plus500 to find out how to trade better.

It works that you get an alert within the Plus500 software application when fascinating developments take place. When the cost of, for instance, oil falls sharply, you will get a notice of this occasion. You can then decide on your own whether you want to take a position on the market advancement. Plus500 Offices.

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 essential data is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.

 

Customer service
Plus500 has a detailed and quick client service that is offered in more than 30 languages. Your problems can be fixed rapidly in your language.

It is advised to get in touch with client service via live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be solved practically right away.

It is likewise possible to email Plus500. Mails are often responded to within a day. It is a pity that no telephone number is readily available. This makes it difficult to speak directly to someone. Due to the quick processing time, Plus500 still scores sufficiently in terms of customer care. Plus500 Offices.

Plus500 Offices

 

Security & reliability
Prior to you transfer money with a company, you naturally wish to know that it is totally safe to do so. In this part of the review, we take a look at how trustworthy Plus500 is.

Regulation
Supervisors make sure that brokers adhere to the guidelines. Plus500 is monitored by:

  • Plus500UK Ltd authorized & regulated 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), licensed by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed financial provider in South Africa, FSP # 47546.

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

Plus500 has also set several additional rules to ensure that your money is as safe as possible on Plus500. Below you can find an introduction of these measurements:

Plus500 Offices

Plus500 will never speculate with customers’ cash. All funds are saved in a separate checking account, which indicates that this cash is safe and secure when unexpected things happen with Plus500. And lastly, on Plus500 you are secured versus an unfavorable balance, due to the fact that he Negative balance security is a regulative requirement for all EU brokers. When you trade with Plus500, you can never be left with a residual financial obligation. Plus500 Offices.

 

Conclusion reliability
Plus500 is 100% no rip-off. Plus500 firmly manages customer properties. The business is likewise supervised. Plus500 has been around considering that 2008 and is even listed on the London stock exchange. These are all good indications that Plus500 is reliable and we have actually come to that conclusion ourselves.

Plus500 Offices

About the company
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 executed over 35 million transactions with a worth of over $1,000 billion in one year. The head office of the business can be discovered in Israel, but they have opened several extra workplaces in other countries. Do you need to know more about the Plus500 business? In this post you will find everything you require to know!

Plus500 Offices

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 utilizing the easy to use software application. On Plus500 you can trade at low rates. You likewise have the chance to react to altering market conditions by putting orders on both rising and falling prices. Plus500 Offices.

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

 

–>> Open Demo Account here <<–

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