Plus500 Review: our experience with this broker – Plus500 Recenze
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to policies), Forex and stocks. In this comprehensive review, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can react to the latest market developments at low rates. Plus500 Recenze.
- At Plus500 you can hypothesize on rate developments at low rates.
- You can sell an extensive variety of CFD shares.
- It is possible to try Plus500 free of charge with a demonstration.
- On Plus500 you can utilize the user-friendly web trader.
- Plus500 uses its services in more than 30 different languages.
- On Plus500 you can start trading from $100. Plus500 Recenze.
- Plus500 does not offer innovative software for expert traders.
- You can not discover substantial analyses within the platform.
- Plus500 customer care is not available by phone.
- On Plus500 you can just trade in CFDs.
Would you like to try the possibilities at Plus500 with a demonstration entirely free of charge and without threat? Utilize 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 money: 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 support do you receive when trading?
- Customer service: what is the quality of the client service? (costumer-service).
- Dependability: Is this broker dependable? (dependability).
- Details: more details about Plus500 (information).
- Conclusion: the verdict of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you must initially visit the Plus500 website. Click on this link * to open the Plus500 website. To create a totally free demonstration account, you simply have to choose an email address and a password. It is also possible to visit with your Facebook or Google account. After you have actually left this information, you can right away start trading. Plus500 Recenze.
Plus500 accepts consumers from the majority of countries. Nevertheless, there are also 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 review, we for that reason offer Plus500 a positive score for opening an account. Plus500 Recenze.
Deposit & withdraw money
When you have become acquainted 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 using among these approaches:
- Bank transfer.
Prior to your deposit can be processed, you must verify your identity. Plus500 needs to abide by legislation and can only get confirmed customers. By validating brand-new customers, Plus500 prevents costumers from using the account for cash laundering.
We’ve gone through the entire process and uploaded the needed documents. Our account was approved and launched by Plus500 within an hour. After verifying the identity of your account, you don’t need to do it again. The length of this procedure depends on your individual circumstance and can be different for each costumer.
You can withdraw the cash into your account at any time. You can do this by transferring 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 Recenze.
On Plus500 there are no additional expenses for depositing and withdrawing cash. This is a huge advantage of the broker Plus500: lots of other brokers charge a small fee for withdrawing cash. Traders can take advantage of as much as 5 totally free withdrawals a month, after which a charge will be incurred.
Evaluation of the expenses of Plus500
When you begin trading with Plus500, you certainly do not want a large part of your money to be lost to high deal expenses. In this part of the evaluation, we take a detailed take a look at the fees of trading with Plus500. Listed below we quickly analyze which costs Plus500 passes on to its consumers.
With Plus500 you pay a spread over every deal. The spread is the distinction in between the buy and sell price of a CFD. Plus500 provides 2 spread systems for its instruments: Dynamic spread which is continuously changed according to the market spread out during the duration a position is open vs. a Spread which does not generally change in line with basic market changes 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 shown. Nonetheless, Plus500 intends to offer the tightest possible spreads at all times. Plus500 Recenze.
Forex expenses on Plus500
On Plus500 you can sell different 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 service providers and concluded that these costs are comparable to those of other brokers. (We have actually 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 versus reasonably advantageously costs 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 beneficial at Plus500. (We have extracted these data on the 2th of June 14:00.).
Share expenses on Plus500
At Plus500 you can also 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 therefore 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 choice to trade on margin. Due to the fact that you can trade on margin, you do not have 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 over night funding offer expenses. In some cases, you actually receive a premium for brief positions. We compared Plus500 with other parties for this review and the financing costs were reasonably low. Still, it is important to remember that Plus500 is not really ideal for long-term trading because of the funding costs you need to pay every day. Plus500 Recenze.
Other costs on Plus500
We have actually extensively examined the expenses for this evaluation, and we have actually not found any bothersome hidden costs. Nevertheless, you must make sure that you log in to the platform at least when every 3 months. If you do not do this, expenses for inactivity will be charged. This holds true with most brokers.
Do you have an account with Plus500 and are you not planning to trade for a while? Then it is a good idea 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”. 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 likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Recenze.
The following extra fees may be used:
Overnight Funding – The overnight funding quantity is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The over night funding time and the day-to-day overnight financing portion can be discovered 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 Charge 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 net revenue and loss and reflected in real time into the unrealised net revenue and loss of an employment opportunity.
Inactivity Fee – A fee of approximately USD 10 each month will be imposed, ought to you not log in to your trading represent a period of a minimum of three months. This cost 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 readily 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 offered, although it has not been utilized. Please note that the charge is only gathered from the Genuine Money account and just when there are enough offered funds in the account. In order to avoid this charge, just log into your trading account from time to time, as this is deemed adequate activity to prevent a fee from being charged.
Surefire Stop Order – if you select this function, please note that as it guarantees that your position (trade) closes at a particular requested rate (rate), the trade undergoes a larger spread.
Conclusion Plus500 fees
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 costs you pay when you trade with Plus500.
Software application & possibilities
When you begin trading, we comprehend that you of course likewise want to use a good software package. With Plus500 trading is mainly done by means of the online WebTrader. A fantastic advantage of the WebTrader is the accessibility: you can visit to the platform at any time and from any place to open or close a position.
What stood out in our evaluation 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 therefore not need to search long for buy & sell buttons on Plus500. Plus500 Recenze.
Opening a trade
Opening a trade with Plus500 is rather simple. It is very important to remember that with Plus500 you always trade in CFDs. With Plus500 you never straight 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 two alternatives. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a positive outcome with a rising rate and when you offer the CFD you get a favorable result with a falling rate. Because you utilize utilize there is a high threat of losing cash quickly due to utilize.
The option to hypothesize on a decreasing rate is a significant advantage within the Plus500 platform. The option to brief sell increases your versatility and makes it possible to respond to different market scenarios.
Type of orders
With Plus500 you can instantly open an order. When you push purchase or sell you will see the screen below:
In the order screen you can get in the quantity you wish to trade with. You also have the choice to immediately open or close the position after a particular rate has actually been reached. This makes it possible to protect you trades when you need to go out. Plus500 Recenze.
It is also possible to position an order with Plus500. You do this by getting in a rate at which you immediately open the CFD position. By using orders, you can achieve even much better trading outcomes.
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 prospective revenue and your prospective loss increase when you use leverage. With each security you can instantly see what the maximum leverage is that you can use.
The presence of an utilize is a benefit in the evaluation of Plus500. You can constantly decide to invest with smaller sized amounts if you want to decrease your risk.
On Plus500 you can also trade with the mobile application they offer. The mobile application is less comprehensive than the WebTrader. You can perform 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 specific worth.
The mobile application is very easy to use and it is great to adjust your orders when market conditions alter significantly. The mobile application is for that reason a strength in our evaluation of the Plus500 platform.
Trading choices at Plus500
In this part of the review we will go over the various kinds of securities you can trade in with Plus500.
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you hypothesize on cost modifications in currency sets. You can for instance location a trade on the advancement of the euro against the dollar.
On Plus500 you can likewise sell a comprehensive variety of CFD shares. The shares are nicely arranged by nation, so you can rapidly discover a share to trade.
It’s also possible to trade in products by using CFDs. The most popular commodity for trading is oil. You can typically apply a maximum utilize of as much as 1:20 to investments in basic materials. When you trade in gold you can apply an utilize of 1:20.
On Plus500 you can likewise sell CFDs on choices. Options frequently move strongly: a choice can sometimes rise or fall in value by tens of percent. With CFDs you can apply a leverage of as much as 1:20 to options, which even more increases your prospective gains or losses.
Indices or ETFs
On Plus500 you can likewise 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 hypothesize on their rate developments. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to regulations”). Plus500 Recenze.
Conclusion on the trading alternatives at Plus500
Plus500 has a large range of tradable CFD securities. Even fairly unidentified local stocks can frequently be discovered on the Plus500 platform. This makes Plus500 an appealing broker for investors from all nations. My experience with Plus50 has for that reason been really positive.
Support & research
In this part of the review, we investigate how Plus500 supports traders.
At Plus500 you can perform technical analyses on the graphs. Within the software you can utilize different illustration choices. You can draw horizontal levels to show price levels where the marketplace often relocates the opposing direction.
You can likewise include technical signs on the chart. The series of technical indicators at Plus500 is huge. You can choose from more than 100 various alternatives. It is wise to use technical indicators. By using technical indicators, you can perform better analyses.
The technical analysis choices within the Plus500 software application are comprehensive. It is bothersome that you can not conserve multiple graphs. This means that you need to duplicate the analyzes routinely. Professional financiers would need to download other programs to carry out more complex analyses.
Research study and education
In this review we can be fast about the possibilities of research and education: at Plus500 these options are completely missing out on. There are no courses or webinars available at Plus500. This is a disadvantage for people who sign up with Plus500 to find out how to trade much better.
It works that you receive a notice within the Plus500 software application when intriguing developments occur. When the cost of, for example, oil falls sharply, you will receive a notification of this event. You can then choose on your own whether you want to take a position on the marketplace advancement. Plus500 Recenze.
Within the Plus500 software you can also 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 essential data is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our opinion.
Plus500 has a detailed and fast customer care that is offered in more than 30 languages. Your issues can be fixed rapidly in your language.
It is advised to call customer service through live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be resolved almost instantly.
It is also possible to email Plus500. Mails are typically answered within a day. It is a pity that no phone number is available. This makes it difficult to speak directly to somebody. Due to the fast processing time, Plus500 still scores adequately in regards to client service. Plus500 Recenze.
Security & dependability
Prior to you transfer money with a business, you naturally wish to know that it is totally secure to do so. In this part of the evaluation, we look at how dependable Plus500 is.
Supervisors ensure that brokers comply with the guidelines. Plus500 is monitored by:
- Plus500UK Ltd licensed & regulated by the FCA (# 509909).
- Plus500CY Ltd authorized & managed by the CySEC (# 250/14).
- Plus500SG Pte Ltd, certified 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 nationality, you delight in extra security if Plus500 goes bankrupt. This is done through a so-called investor security 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 a number of additional guidelines to guarantee that your money is as safe as possible on Plus500. Listed below you can discover an overview of these measurements:
Plus500 will never ever speculate with clients’ cash. All funds are saved in a different savings account, which suggests that this cash is secure when unanticipated things happen with Plus500. And lastly, on Plus500 you are protected against an unfavorable balance, because he Unfavorable balance protection is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted a residual financial obligation. Plus500 Recenze.
Plus500 is 100% no fraud. Plus500 securely handles customer properties. The company is also monitored. Plus500 has actually been around because 2008 and is even noted on the London stock exchange. These are all great indicators that Plus500 is reputable and we have actually pertained to that conclusion ourselves.
About the business
Plus500 was founded in 2008 and has 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 transactions with a value of over $1,000 billion in one year. The headquarters of the business can be found in Israel, however they have actually opened numerous extra offices in other nations. Do you need to know more about the Plus500 business? In this post you will find everything you require to understand!
Conclusion review Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by utilizing the user-friendly software. On Plus500 you can trade at low rates. You also have the opportunity to react to changing market conditions by placing orders on both fluctuating costs. Plus500 Recenze.
Do you wish to find how Plus500 works? Then instantly open a free demo-account by pushing 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