Plus500 Evaluation: our experience with this broker – Plus500 Partners
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule 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 most recent market advancements at low rates. Plus500 Partners.
- At Plus500 you can speculate on price developments at low rates.
- You can trade in an extensive series of CFD shares.
- It is possible to try Plus500 totally free with a demonstration.
- On Plus500 you can use the user-friendly web trader.
- Plus500 offers its services in more than 30 different languages.
- On Plus500 you can start trading from $100. Plus500 Partners.
- Plus500 does not offer sophisticated software application for professional traders.
- You can not find substantial analyses within the platform.
- Plus500 client service is not readily available by phone.
- On Plus500 you can just trade in CFDs.
Would you like to attempt the possibilities at Plus500 with a demonstration completely free of charge and without risk? Use the button below to open a demonstration account with this broker:
We discuss the following topics in the Plus500 review:
- Open account: how can you open an account with Plus500?
- Deposit cash: how can you deposit and withdraw money?
- Costs: how much does trading cost on Plus500?
- Performances: what are the possibilities of the software?
- Trading options: in what securities you trade on Plus500?
- Support: what assistance do you get when trading?
- Customer service: what is the quality of the costumer service? (costumer-service).
- Reliability: Is this broker reliable? (dependability).
- Info: more info about Plus500 (details).
- Conclusion: the decision of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you should first go to the Plus500 site. Click on this link * to open the Plus500 site. To develop a free demonstration account, you simply have to pick an e-mail 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 Partners.
Plus500 accepts consumers from most countries. There are also 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 review, we therefore provide Plus500 a positive score for opening an account. Plus500 Partners.
Deposit & withdraw money
When you have become 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 transfer cash into your account by utilizing one of these approaches:
- Bank transfer.
Before your deposit can be processed, you should validate your identity. Plus500 should abide by legislation and can just get validated clients. By verifying new costumers, Plus500 avoids clients from using the represent money laundering.
We’ve gone through the entire procedure and submitted the required files. Our account was authorized and released by Plus500 within an hour. After verifying 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.
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 quickly and the cash will be in your account within a few days. Plus500 Partners.
On Plus500 there are no additional expenses for transferring and withdrawing cash. This is a big advantage of the broker Plus500: lots of other brokers charge a small fee for withdrawing money. Traders can make the most of as much as 5 totally free withdrawals a month, after which a cost will be incurred.
Evaluation of the expenses of Plus500
When you begin trading with Plus500, you certainly do not desire a big part of your money to be lost to high transaction costs. In this part of the review, we take a comprehensive look at the costs of trading with Plus500. Listed below we briefly analyze which costs Plus500 hands down to its consumers.
With Plus500 you pay a spread over every deal. The spread is the distinction in between the buy and sell rate of a CFD. Plus500 offers two spread systems for its instruments: Dynamic spread which is continuously adjusted according to the marketplace spread throughout the period 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 alter to a new level so that the underlying market conditions are better reflected. Plus500 intends to supply the tightest possible spreads at all times. Plus500 Partners.
Forex expenses on Plus500
On Plus500 you can sell various currency sets. At the time of writing, you are paying 0.6 pips in deal fees 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 data on the 2th of June 14:00.).
Cryptocurrency costs on Plus500
On Plus500 you can also sell cryptocurrencies such as Bitcoin. In our evaluation 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 agreement. Trading cryptocurrencies is for that reason fairly helpful at Plus500. (We have drawn out these data on the 2th of June 14:00.).
Share costs 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 equates 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 expenses 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 financing buy and the overnight financing offer costs. In many cases, you in fact receive a premium for short positions. We compared Plus500 with other parties for this evaluation and the funding costs were fairly low. Still, it is very important to bear in mind that Plus500 is not very suitable for long-term trading because of the funding charges you have to pay daily. Plus500 Partners.
Other expenses on Plus500
We have thoroughly investigated the expenses for this evaluation, and we have not discovered any frustrating covert expenses. Nevertheless, you must guarantee that you log in to the platform a minimum of as soon as every 3 months. If you do not do this, costs for inactivity will be charged. This holds true with many 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 check all Charges here:
Plus500 is generally compensated for its services through the “market spread”. For instance, 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 company who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Partners.
The following additional costs might be used:
Overnight Financing – The overnight financing quantity is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Financing Time”).
The over night financing time and the everyday overnight funding portion can be found 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 Fee for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Cost will currently be up to 0.7% of the trade’s understood internet profit 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 approximately USD 10 each month will be imposed, need to you not visit to your trading represent a period of a minimum of 3 months. This cost will be charged when a month from that minute onwards, as long as no login is made to the account. The inactivity cost will amount to the lower of the remaining readily available balance in your account or USD 10 (or comparable depending upon your currency). This is to balance out the expense incurred in making the service readily available, although it has not been utilized. However, please note that the charge is only collected from the Real Money account and only when there suffice available funds in the account. In order to avoid this charge, just log into your trading account from time to time, as this is considered enough activity to prevent a cost from being charged.
Surefire Stop Order – if you choose this feature, please note that as it ensures that your position (trade) closes at a particular requested rate (rate), the trade is subject to a larger spread.
Conclusion Plus500 fees
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 various expenses you pay when you trade with Plus500.
Software application & possibilities
When you start trading, we comprehend that you naturally also wish to utilize a good software package. With Plus500 trading is mainly done by means of the online WebTrader. A great advantage of the WebTrader is the accessibility: you can log in to the platform at any time and from any location 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 discover the CFD in which you wish to trade. New clients will therefore not have to browse long for buy & sell buttons on Plus500. Plus500 Partners.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is important to bear in mind that with Plus500 you constantly trade in CFDs. With Plus500 you never directly sell 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 buy the CFD you get a positive outcome with a rising rate and when you offer the CFD you get a positive result with a falling rate. Since you utilize utilize there is a high threat of losing money rapidly due to leverage.
The option to hypothesize on a declining price is a major benefit within the Plus500 platform. The choice to short sell increases your versatility and makes it possible to react to various market circumstances.
Type of orders
With Plus500 you can right away open an order. When you press purchase or sell you will see the screen listed below:
In the order screen you can enter the quantity you wish to trade with. You likewise have the alternative to automatically open or close the position after a certain rate has actually been reached. This makes it possible to protect you trades when you have to go out. Plus500 Partners.
It is likewise possible to position an order with Plus500. You do this by getting in a cost at which you automatically open the CFD position. By using orders, you can achieve even better trading outcomes.
Take advantage of
With Plus500 you have the option to use a leverage. With a lever you can take a larger position with the same quantity of money. Both your potential profit and your possible loss boost when you apply take advantage of. With each security you can right away see what the maximum utilize is that you can use.
The presence of an utilize is a benefit in the evaluation of Plus500. You can always decide to invest with smaller amounts if you wish to reduce your threat.
On Plus500 you can likewise trade with the mobile application they provide. The mobile application is less substantial than the WebTrader. You can perform less substantial analyses with it. It is beneficial to likewise set up the mobile application. With the app you can get warnings when the cost of a security reaches a particular value.
The mobile application is very easy to use and it is excellent to change your orders when market conditions change significantly. The mobile application is therefore a strength in our evaluation of the Plus500 platform.
Trading alternatives at Plus500
In this part of the review we will talk about the different types of securities you can sell with Plus500.
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you hypothesize on rate changes in currency pairs. You can for instance place a trade on the advancement of the euro against the dollar.
On Plus500 you can also trade in an extensive variety of CFD shares. The shares are nicely sorted by country, so you can quickly discover a share to trade.
It’s likewise possible to trade in products by using CFDs. The most popular product for trading is oil. You can frequently apply an optimum leverage of as much as 1:20 to investments in basic materials. When you trade in gold you can use an utilize of 1:20.
On Plus500 you can likewise trade in CFDs on alternatives. Options often move highly: an alternative can sometimes increase or fall in value by tens of percent. With CFDs you can apply an utilize of approximately 1:20 to choices, which even more increases your potential gains or losses.
Indices or ETFs
On Plus500 you can also trade in CFDs on popular indexes or ETFs. You can for instance trade in the Dow Jones or NASDAQ index trackers.
At Plus500 you can also trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are very unstable and it can therefore be interesting to actively hypothesize on their cost advancements. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to regulations”). Plus500 Partners.
Conclusion on the trading choices at Plus500
Plus500 has a wide range of tradable CFD securities. Even relatively unknown local stocks can frequently be found on the Plus500 platform. This makes Plus500 an appealing broker for investors from all countries. My experience with Plus50 has actually for that reason been really positive.
Support & research
In this part of the evaluation, we investigate how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the graphs. Within the software application you can utilize various illustration alternatives. You can draw horizontal levels to show price levels where the marketplace typically moves in the opposing instructions.
You can also add technical signs on the graph. The range of technical signs at Plus500 is enormous. You can select from more than 100 various alternatives. It is wise to utilize technical indications. By using technical indications, you can execute much better analyses.
The technical analysis options within the Plus500 software are comprehensive. It is bothersome that you can not conserve multiple charts. This indicates that you need to duplicate the evaluates routinely. Professional investors would have to download other programs to carry out 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 entirely missing out on. There are no courses or webinars offered at Plus500. This is a disadvantage for individuals who join Plus500 to learn how to trade better.
It works that you get a notification within the Plus500 software application when intriguing advancements take place. When the cost of, for instance, oil falls sharply, you will receive an alert of this occasion. You can then choose for yourself whether you want to take a position on the market advancement. Plus500 Partners.
Within the Plus500 software application you can also see how other users trade in a security. By taking a look at the positions other traders take, you can see whether there are more purchasers or sellers. Other basic information is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.
Plus500 has a comprehensive and fast customer support that is available in more than 30 languages. Your problems can be fixed rapidly in your language.
It is suggested to get in touch with client service by means of live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be solved almost right away.
It is likewise possible to email Plus500. Mails are often addressed within a day. It is a pity that no telephone number is available. This makes it difficult to speak directly to somebody. Due to the quick processing time, Plus500 still ratings sufficiently in terms of customer care. Plus500 Partners.
Security & reliability
Prior to you deposit money with a company, you naturally would like to know that it is totally safe to do so. In this part of the evaluation, we take a look at how trustworthy Plus500 is.
Supervisors guarantee that brokers abide by the guidelines. Plus500 is supervised by:
- Plus500UK Ltd authorized & controlled 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), accredited by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized financial service provider in South Africa, FSP # 47546.
Security of your deposits
Depending on your nationality, you take pleasure in extra protection if Plus500 declares bankruptcy. This is done through a so-called financier defense fund. All customer funds are held in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has actually also set several additional rules to guarantee that your money is as protected as possible on Plus500. Listed below you can discover an introduction of these measurements:
Plus500 will never ever speculate with customers’ money. All funds are saved in a different savings account, which implies that this cash is safe and secure when unforeseen things occur with Plus500. And lastly, on Plus500 you are safeguarded against a negative balance, because he Negative balance protection is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a recurring debt. Plus500 Partners.
Plus500 is 100% no scam. Plus500 securely handles client possessions. The company is likewise monitored. Plus500 has actually been around considering that 2008 and is even noted on the London stock market. These are all excellent indications that Plus500 is reputable and we have come to that conclusion ourselves.
About the business
Plus500 was founded in 2008 and has actually grown strongly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active customers in 2019. Plus500 carried out over 35 million deals with a worth of over $1,000 billion in one year. The head office of the company can be found in Israel, however they have actually opened a number of extra workplaces in other nations. Do you want to know more about the Plus500 company? In this post you will find whatever you require to understand!
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 application. On Plus500 you can trade at low rates. You likewise have the opportunity to respond to altering market conditions by positioning orders on both rising and falling prices. Plus500 Partners.
Do you wish to find how Plus500 works? Right away open a free demo-account by pressing the button below:
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