Plus500 Evaluation: our experience with this broker – Plus500 Python Api
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to regulations), 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 Python Api.
Plus500 Python Api
- At Plus500 you can speculate on price advancements at low rates.
- You can sell a substantial series of CFD shares.
- It is possible to attempt Plus500 free of charge with a demo.
- On Plus500 you can utilize the user-friendly web trader.
- Plus500 provides its services in more than 30 different languages.
- On Plus500 you can begin trading from $100. Plus500 Python Api.
- Plus500 does not provide innovative software for expert traders.
- You can not discover extensive analyses within the platform.
- Plus500 customer care is not offered by phone.
- On Plus500 you can just sell CFDs.
Would you like to try the possibilities at Plus500 with a demonstration completely free of charge and without danger? 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 Python Api
We discuss the following subjects in the Plus500 review:
- 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 support do you get when trading?
- Client service: what is the quality of the client service? (costumer-service).
- Reliability: Is this broker reliable? (reliability).
- Details: more info about Plus500 (details).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you must initially check out the Plus500 site. Click on this link * to open the Plus500 website. To produce a free demo account, you just have to choose an e-mail address and a password. It is also possible to log in with your Facebook or Google account. After you have actually left this details, you can right away begin trading. Plus500 Python Api.
Plus500 accepts customers from a lot of countries. There are also 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 give Plus500 a positive ranking for opening an account. Plus500 Python Api.
Deposit & withdraw cash
When you have become familiar with the Plus500 platform, you can change to a real money account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by utilizing one of these techniques:
- Bank transfer.
Prior to your deposit can be processed, you need to verify your identity. Plus500 should comply with legislation and can just receive validated clients. By verifying new clients, Plus500 prevents clients from using the represent money laundering.
We have actually gone through the entire process and submitted the required files. Our account was authorized and launched by Plus500 within an hour. After confirming the identity of your account, you do not need to do it again. The length of this procedure depends on your personal scenario and can be different for each customer.
You can withdraw the money into your account at any time. You can do this by transferring the cash to your bank account or PayPal account. The transfer is made quickly and the money will be in your account within a few days. Plus500 Python Api.
On Plus500 there are no extra costs for depositing and withdrawing money. This is a huge advantage of the broker Plus500: numerous other brokers charge a small fee for withdrawing cash. Traders can benefit from 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 Python Api
Review of the expenses of Plus500
When you start trading with Plus500, you clearly 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 fees of trading with Plus500. Listed below we briefly examine which costs Plus500 passes on to its consumers.
With Plus500 you pay a spread over every deal. The spread is the distinction between the buy and sell price of a CFD. Plus500 offers 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 normally change in line with basic market fluctuations while a position is open, but when the market is unpredictable and illiquid, might 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 Python Api.
Forex costs on Plus500
On Plus500 you can trade in various currency sets. At the time of composing, you are paying 0.6 pips in deal fees on the pair of EUR/ USD. We compared these costs with those of other companies 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 trade in cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade versus fairly advantageously fees 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 useful at Plus500. (We have actually extracted these information on the 2th of June 14:00.).
Share expenses on Plus500
At Plus500 you can also trade in shares by using 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 snapshot on April 20, 2020 at 13:00.).
Funding expenses at Plus500
With Plus500 you have the choice to trade on margin. Due to the fact that you can trade on margin, you do not have to put in the total of the trading position yourself. Nevertheless, you do need to pay a premium for this.
With each security you will see the over night financing buy and the overnight financing sell expenses. Sometimes, you really receive a premium for brief positions. We compared Plus500 with other parties for this review and the financing expenses were relatively low. Still, it is important to remember that Plus500 is not really appropriate for long-term trading because of the financing fees you need to pay every day. Plus500 Python Api.
Other costs on Plus500
We have actually extensively investigated the costs for this evaluation, and we have not discovered any irritating concealed expenses. You need to make sure that you log in to the platform at least as soon as every 3 months. If you do not do this, expenses for inactivity will be charged. This is the case with the majority of brokers.
Do you have an account with Plus500 and are you not preparing to trade for a while? Then it is a good idea to withdraw the cash from your account.
You can examine all Charges here:
Plus500 is primarily made up 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 Python Api.
The following extra fees may be applied:
Overnight Financing – The overnight financing amount is either contributed to or subtracted from your account when holding a position after a particular time (the “Overnight Financing Time”).
The overnight funding time and the daily overnight funding percentage can be found in the “Details” link beside the instrument’s name on the main screen of the platform.
Currency Conversion Cost – Plus500 will charge a Currency Conversion Cost for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Cost will currently depend on 0.7% of the trade’s realised net earnings and loss and shown in real time into the unrealised net revenue and loss of an open position.
Inactivity Fee – A fee of up to USD 10 per month will be imposed, should you not visit to your trading account for a duration of a minimum of 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 inactivity cost will amount to the lower of the remaining offered balance in your account or USD 10 (or comparable depending upon your currency). This is to offset the expense incurred in making the service available, despite the fact that it has actually not been utilized. Please note that the charge is just collected from the Real Money account and just when there are sufficient 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 adequate activity to prevent a cost from being charged.
Guaranteed Stop Order – if you pick this function, please note that as it guarantees that your position (trade) closes at a specific requested rate (price), the trade goes through a larger spread.
Conclusion Plus500 costs
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 article about the expenses on Plus500, we take a closer take a look at the various expenses you pay when you trade with Plus500.
Plus500 Python Api
Software application & possibilities
When you begin trading, we comprehend that you of course also want to use a great software package. With Plus500 trading is generally done by means of the online WebTrader. A terrific benefit of the WebTrader is the availability: 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 customers will therefore not need to search long for purchase & sell buttons on Plus500. Plus500 Python Api.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is very important to bear in mind that with Plus500 you constantly sell CFDs. With Plus500 you never ever directly trade in a share. The only thing that identifies your result is the distinction between the price at which you open and close the position.
When you open a position, you have two options. You can buy the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable result with an increasing rate and when you sell the CFD you get a favorable result with a falling rate. Because you utilize utilize there is a high danger of losing cash quickly due to leverage.
The alternative to speculate on a declining price is a significant advantage within the Plus500 platform. The choice to brief 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 push purchase or sell you will see the screen listed below:
In the order screen you can go into the amount you wish to trade with. You likewise have the alternative to immediately 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 Python Api.
It is also possible to put an order with Plus500. You do this by getting in a cost at which you automatically open the CFD position. By utilizing orders, you can achieve even better trading results.
With Plus500 you have the alternative to use a leverage. With a lever you can take a larger position with the very same quantity of money. Both your potential revenue and your potential loss boost when you apply leverage. With each security you can immediately see what the maximum leverage is that you can apply.
The presence of a take advantage of is a benefit in the evaluation of Plus500. You can constantly choose to invest with smaller amounts if you wish to lower your danger.
On Plus500 you can also trade with the mobile application they use. The mobile application is less extensive than the WebTrader. You can perform less extensive analyses with it. It is beneficial to likewise set up the mobile application. With the app you can get warnings when the price of a security reaches a certain worth.
The mobile application is very easy to use and it is great to adjust your orders when market conditions change substantially. The mobile application is for that reason a strong point in our evaluation of the Plus500 platform.
Plus500 Python Api
Trading choices at Plus500
In this part of the evaluation we will go over the various kinds of securities you can sell with Plus500.
With Plus500 you can sell CFDs on Forex. When you sell Forex, you hypothesize on price modifications in currency pairs. You can for example location a trade on the development of the euro against the dollar.
On Plus500 you can likewise trade in a substantial variety of CFD shares. The shares are neatly sorted by country, so you can quickly discover a share to trade.
It’s also possible to trade in commodities by using CFDs. The most popular commodity for trading is oil. You can frequently use an optimum leverage of up to 1:20 to financial investments in raw materials. When you sell gold you can apply an utilize of 1:20.
On Plus500 you can likewise trade in CFDs on choices. Choices frequently move highly: a choice can sometimes increase or fall in value by tens of percent. With CFDs you can apply an utilize of approximately 1:20 to options, which further increases your potential 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.
At Plus500 you can likewise trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are really unpredictable 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 availability subject to policies”). Plus500 Python Api.
Conclusion on the trading choices at Plus500
Plus500 has a large range of tradable CFD securities. Even relatively unidentified regional stocks can frequently be discovered on the Plus500 platform. This makes Plus500 an attractive broker for investors from all nations. My experience with Plus50 has therefore been very favorable.
Support & research
In this part of the review, we examine how Plus500 supports traders.
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 indicate price levels where the market often moves in the opposing direction.
You can likewise include technical indications on the graph. The variety of technical indications at Plus500 is huge. You can choose from more than 100 various alternatives. It is a good idea to use technical signs. By using technical indications, you can perform better analyses.
The technical analysis options within the Plus500 software application are comprehensive. It is inconvenient that you can not conserve multiple graphs. This suggests that you have to repeat the examines regularly. Expert investors would need to download other programs to carry out more complex analyses.
Research study and education
In this evaluation we can be quick about the possibilities of research study and education: at Plus500 these alternatives are entirely missing. There are no courses or webinars offered at Plus500. This is a downside for individuals who sign up with Plus500 to discover how to trade better.
It works that you get a notification within the Plus500 software when interesting advancements take place. When the rate of, for example, oil falls greatly, you will receive an alert of this event. You can then choose on your own whether you want to take a position on the marketplace advancement. Plus500 Python Api.
Within the Plus500 software you can likewise see how other users sell a security. By taking a look at the positions other traders take, you can see whether there are more buyers or sellers. Other basic data is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our viewpoint.
Plus500 has an extensive and fast customer care that is readily available in more than 30 languages. Your problems can be solved quickly in your language.
It is recommended to call client service by means of live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your problems can be solved nearly right away.
It is also possible to email Plus500. Mails are often answered within a day. It is a pity that no phone number is readily available. This makes it impossible to speak directly to someone. Due to the quick processing time, Plus500 still ratings adequately in regards to customer support. Plus500 Python Api.
Security & dependability
Prior to you deposit cash with a company, you naturally want to know that it is completely secure to do so. In this part of the evaluation, we take a look at how dependable Plus500 is.
Supervisors guarantee that brokers stick to the rules. 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), accredited by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized monetary company in South Africa, FSP # 47546.
Security of your deposits
Depending upon your citizenship, you take pleasure in extra security if Plus500 declares bankruptcy. This is done through a so-called financier 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 actually likewise set a number of additional guidelines to ensure that your cash is as safe as possible on Plus500. Below you can discover a summary of these measurements:
Plus500 will never ever hypothesize with customers’ money. All funds are stored in a separate checking account, which means that this cash is protected when unanticipated things happen with Plus500. And finally, on Plus500 you are safeguarded versus a negative balance, due to the fact that he Unfavorable balance protection is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a recurring debt. Plus500 Python Api.
Plus500 is 100% no rip-off. Plus500 securely handles customer assets. The company is likewise supervised. Plus500 has been around since 2008 and is even noted on the London stock market. These are all good indicators that Plus500 is trustworthy and we have actually come to that conclusion ourselves.
Plus500 Python Api
About the business
Plus500 was founded in 2008 and has actually grown highly since then. Plus500 is active in more than 30 nations and served more than 200,000 active consumers in 2019. Plus500 performed over 35 million deals with a worth of over $1,000 billion in one year. The headquarters of the business can be discovered in Israel, but they have actually opened numerous additional offices in other nations. Do you would like to know more about the Plus500 business? In this article you will discover everything you require to know!
Conclusion evaluation 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 user-friendly software application. On Plus500 you can trade at low rates. You also have the opportunity to respond to altering market conditions by placing orders on both fluctuating costs. Plus500 Python Api.
Do you want to find how Plus500 works? Immediately open a totally free demo-account by pressing the button listed below:
79% of retail CFD accounts lose money