Plus500 South Africa Contact Details

Plus500 Evaluation: our experience with this broker – Plus500 South Africa Contact Details
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 respond to the current market advancements at low rates. Plus500 South Africa Contact Details.

Plus500 South Africa Contact Details

Advantage Plus500

  • At Plus500 you can speculate on price developments at low rates.
  • You can sell an extensive variety of CFD shares.
  • It is possible to attempt Plus500 free of charge with a demonstration.
  • On Plus500 you can utilize the user-friendly web trader.
  • Plus500 offers its services in more than 30 different languages.
  • On Plus500 you can begin trading from $100. Plus500 South Africa Contact Details.

 

Downsides Plus500

  • Plus500 does not supply advanced software application for expert traders.
  • You can not discover substantial analyses within the platform.
  • Plus500 client service is not available by phone.
  • On Plus500 you can only sell CFDs.

Would you like to try the possibilities at Plus500 with a demonstration completely free of charge and without danger? Utilize the button listed below to open a demo account with this broker:

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

Plus500 South Africa Contact Details

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?
  • Trading alternatives: in what securities you trade on Plus500?
  • Assistance: what support do you receive when trading?
  • Costumer service: what is the quality of the customer service? (costumer-service).
  • Dependability: Is this broker trusted? (reliability).
  • Information: more details about Plus500 (information).
  • Conclusion: the decision of the Plus500 evaluation (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 create a complimentary demonstration account, you simply have to select an e-mail 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 instantly begin trading. Plus500 South Africa Contact Details.

Plus500 South Africa Contact Details

Plus500 accepts clients from most countries. However, there are likewise 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 evaluation, we for that reason give Plus500 a favorable rating for opening an account. Plus500 South Africa Contact Details.

 

Deposit & withdraw money
When you have ended up being knowledgeable about the Plus500 platform, you can switch to a real money account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by using one of these approaches:

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

Prior to your deposit can be processed, you should verify your identity. Plus500 needs to comply with legislation and can only receive confirmed consumers. By verifying brand-new costumers, Plus500 prevents clients from utilizing the account for cash laundering.

Plus500 South Africa Contact Details

We’ve gone through the entire procedure and published the required files. Our account was approved and launched by Plus500 within an hour. After confirming the identity of your account, you don’t need to do it once again. The length of this process depends upon your personal situation and can be different for each costumer.

 

Withdraw cash
You can withdraw the money 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 rapidly and the money will be in your account within a couple of days. Plus500 South Africa Contact Details.

Plus500 South Africa Contact Details

 

On Plus500 there are no additional expenses for depositing and withdrawing cash. This is a big benefit of the broker Plus500: numerous other brokers charge a little charge for withdrawing cash. Traders can take advantage of as much as 5 complimentary withdrawals a month, after which a charge will be sustained.

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

Plus500 South Africa Contact Details

Review of the expenses of Plus500
When you start trading with Plus500, you obviously do not want a big part of your cash to be lost to high transaction expenses. In this part of the evaluation, we take a comprehensive take a look at the costs of trading with Plus500. Listed below we quickly examine which costs Plus500 passes on to its consumers.

 

Spread
With Plus500 you pay a spread over every deal. The spread is the distinction between the buy and sell cost of a CFD. Plus500 offers two spread systems for its instruments: Dynamic spread which is continuously changed according to the market spread during the period a position is open vs. a Spread which does not typically change in line with general market fluctuations while a position is open, but when the marketplace is unstable and illiquid, might change to a new level so that the underlying market conditions are much better reflected. Plus500 aims to provide the tightest possible spreads at all times. Plus500 South Africa Contact Details.

 

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

 

Cryptocurrency expenses on Plus500
On Plus500 you can likewise trade in cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade against fairly 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 beneficial at Plus500. (We have actually drawn out these information on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can likewise sell 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 therefore possible at a low cost. (Please note that this is a picture on April 20, 2020 at 13:00.).

 

Funding expenses at Plus500
With Plus500 you have the alternative to trade on margin. Since 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 sell costs. In some cases, you actually receive a premium for brief positions. We compared Plus500 with other celebrations for this review and the financing expenses were reasonably low. Still, it is very important to keep in mind that Plus500 is not extremely appropriate for long-lasting trading because of the financing charges you need to pay daily. Plus500 South Africa Contact Details.

 

Other costs on Plus500
We have thoroughly examined the expenses for this evaluation, and we have not found any annoying surprise expenses. You must guarantee that you log in to the platform at least when every 3 months. If you don’t do this, costs for lack of exercise will be charged. This is the case with many brokers.

Do you have an account with Plus500 and are you not planning to trade for a while? Then it is wise 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”. For example, 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 South Africa Contact Details.

However, the following extra costs may be used:

Overnight Funding – The over night funding quantity is either added to or subtracted from your account when holding a position after a particular time (the “Overnight Funding Time”).
The overnight financing time and the everyday over night financing portion can be discovered in the “Particulars” link beside the instrument’s name on the main screen of the platform.

Currency Conversion Charge – 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 Charge will currently depend on 0.7% of the trade’s realised internet earnings and loss and shown in real time into the unrealised net profit and loss of an open position.

Lack of exercise Fee – A fee of as much as USD 10 per month will be levied, ought to you not log in to your trading represent a duration of at least three months. This cost will be charged once a month from that moment onwards, as long as no login is made to the account. The lack of exercise cost will be equal to the lower of the staying available balance in your account or USD 10 (or comparable depending on your currency). This is to offset the expense sustained in making the service available, although it has actually not been utilized. Please note that the fee is only gathered from the Genuine Money account and just when there are sufficient offered funds in the account. In order to avoid this cost, merely log into your trading account from time to time, as this is deemed adequate activity to prevent a fee from being charged.

Guaranteed Stop Order – if you select 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 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 short article about the costs on Plus500, we take a closer look at the numerous expenses you pay when you trade with Plus500.

Plus500 South Africa Contact Details

Software & possibilities
When you start trading, we comprehend that you obviously also want to use a great software package. With Plus500 trading is mainly done through the online WebTrader. A great advantage of the WebTrader is the availability: you can log in to the platform at any time and from any area 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 customers will for that reason not need to search wish for purchase & sell buttons on Plus500. Plus500 South Africa Contact Details.

 

Opening a trade
Opening a trade with Plus500 is rather simple. It is essential to remember that with Plus500 you constantly sell CFDs. With Plus500 you never ever straight trade in a share. The only thing that determines your result is the distinction between the rate at which you open and close the position.

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

 

The alternative to speculate on a declining price is a significant advantage within the Plus500 platform. The alternative to brief sell increases your versatility and makes it possible to react to various 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 South Africa Contact Details

In the order screen you can enter the amount you want to trade with. You likewise have the option to automatically open or close the position after a certain cost has actually been reached. This makes it possible to protect you trades when you need to go out. Plus500 South Africa Contact Details.

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

Plus500 South Africa Contact Details

 

Take advantage of
With Plus500 you have the option to use an utilize. With a lever you can take a larger position with the same quantity of money. Both your prospective earnings and your potential loss increase when you use utilize. 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 sized quantities if you want to reduce 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 receive warnings when the price of a security reaches a certain worth.

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

Plus500 South Africa Contact Details

Trading choices at Plus500
In this part of the evaluation we will go over the various kinds of securities you can sell with Plus500.

Forex
With Plus500 you can sell CFDs on Forex. When you sell Forex, you hypothesize on rate modifications in currency sets. You can for instance location a trade on the advancement of the euro against the dollar.

Shares
On Plus500 you can also trade in a substantial variety of CFD shares. The shares are nicely arranged by nation, so you can rapidly discover a share to trade.

Products
It’s also possible to trade in products by utilizing CFDs. The most popular commodity for trading is oil. You can typically use a maximum leverage of approximately 1:20 to financial investments in basic materials. When you trade in gold you can apply a leverage of 1:20.

Options
On Plus500 you can also sell CFDs on choices. Options often move highly: a choice can often rise or fall in value by 10s of percent. With CFDs you can use a leverage of approximately 1:20 to alternatives, which further increases your possible gains or losses.

Indices or ETFs
On Plus500 you can also sell CFDs on widely known indexes or ETFs. You can for instance trade in the Dow Jones or NASDAQ index trackers.


Cryptocurrencies

At Plus500 you can also trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are extremely unstable and it can therefore be interesting to actively hypothesize on their price developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument accessibility subject to regulations”). Plus500 South Africa Contact Details.


Conclusion on the trading choices at Plus500

Plus500 has a wide range of tradable CFD securities. Even reasonably unknown regional stocks can often be discovered on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all nations. My experience with Plus50 has for that reason been really favorable.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the graphs. Within the software you can utilize various drawing choices. You can draw horizontal levels to suggest price levels where the market frequently moves in the opposing instructions.

Plus500 South Africa Contact Details

You can also include technical indicators on the chart. The range of technical signs at Plus500 is massive. You can select from more than 100 different alternatives. It is a good idea to utilize technical indications. By using technical signs, you can carry out better analyses.

Plus500 South Africa Contact Details

The technical analysis options within the Plus500 software are substantial. Nevertheless, it is bothersome that you can not conserve several charts. This implies that you need to duplicate the evaluates regularly. Professional financiers would have to download other programs to perform more complex analyses.

 

Research and education
In this evaluation we can be quick about the possibilities of research and education: at Plus500 these options are completely missing. There are no courses or webinars readily available at Plus500. This is a downside for people who join Plus500 to discover how to trade much better.

It works that you get a notice within the Plus500 software when fascinating developments happen. When the rate of, for example, oil falls dramatically, you will receive a notification of this occasion. You can then choose for yourself whether you wish to take a position on the market advancement. Plus500 South Africa Contact Details.

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

 

Customer support
Plus500 has a thorough and quick customer service that is available in more than 30 languages. Your issues can be fixed rapidly in your language.

It is recommended to contact 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 nearly instantly.

It is also possible to email Plus500. Mails are often responded to within a day. It is a pity that no phone number is available. This makes it impossible to speak directly to someone. Due to the fast processing time, Plus500 still scores adequately in terms of client service. Plus500 South Africa Contact Details.

Plus500 South Africa Contact Details

 

Security & dependability
Before you deposit money with a company, you naturally want to know that it is completely safe and secure to do so. In this part of the evaluation, we look at how dependable Plus500 is.

Policy
Supervisors make sure that brokers follow the guidelines. Plus500 is supervised by:

  • Plus500UK Ltd authorized & controlled 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), accredited 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 protection if Plus500 declares bankruptcy. This is done through a so-called investor defense fund. All customer funds are kept in a segregated client savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has also set a number of extra guidelines to guarantee that your money is as safe and secure as possible on Plus500. Below you can find an overview of these measurements:

Plus500 South Africa Contact Details

Plus500 will never ever hypothesize with clients’ cash. All funds are saved in a different bank account, which means that this money is safe and secure when unexpected things happen with Plus500. And lastly, on Plus500 you are safeguarded versus an unfavorable balance, because he Unfavorable balance security is a regulative requirement for all EU brokers. When you trade with Plus500, you can never be left with a residual debt. Plus500 South Africa Contact Details.

 

Conclusion reliability
Plus500 is 100% no scam. Plus500 firmly manages consumer assets. The company is likewise monitored. Plus500 has been around since 2008 and is even noted on the London stock market. These are all good indicators that Plus500 is dependable and we have pertained to that conclusion ourselves.

Plus500 South Africa Contact Details

About the business
Plus500 was founded in 2008 and has actually grown strongly since then. Plus500 is active in more than 30 nations and served more than 200,000 active customers in 2019. Plus500 executed over 35 million transactions with a value of over $1,000 billion in one year. The headquarters of the company can be discovered in Israel, however they have opened several extra offices in other nations. Do you would like to know more about the Plus500 business? In this article you will find whatever you require to know!

Plus500 South Africa Contact Details

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 user-friendly software application. On Plus500 you can trade at low rates. You likewise have the chance to react to changing market conditions by positioning orders on both fluctuating rates. Plus500 South Africa Contact Details.

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

 

–>> Open Demo Account here <<–

79% of retail CFD accounts lose money