Plus500 Evaluation: our experience with this broker – Plus500 Trading Bot
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to regulations), Forex and stocks. In this substantial review, we share our experiences with this broker. In our test, Plus500 emerged as an user-friendly broker where you can react to the current market developments at low rates. Plus500 Trading Bot.
Plus500 Trading Bot
- At Plus500 you can speculate on price advancements at low rates.
- You can trade in an extensive range of CFD shares.
- It is possible to attempt Plus500 for free with a demo.
- On Plus500 you can utilize the user-friendly web trader.
- Plus500 offers its services in more than 30 various languages.
- On Plus500 you can start trading from $100. Plus500 Trading Bot.
- Plus500 does not offer advanced software application for professional traders.
- You can not discover extensive analyses within the platform.
- Plus500 customer care is not readily available by phone.
- On Plus500 you can just trade in CFDs.
Would you like to try the possibilities at Plus500 with a demo totally free of charge and without threat? Utilize the button below to open a demonstration account with this broker:
–>> Open Demo Account here <<–
79% of retail CFD accounts lose money
Plus500 Trading Bot
We go over the following subjects in the Plus500 review:
- Open account: how can you open an account with Plus500?
- Deposit cash: how can you transfer and withdraw money?
- Costs: how much does trading cost on Plus500?
- Performances: what are the possibilities of the software?
- Trading choices: in what securities you trade on Plus500?
- Support: what assistance do you get when trading?
- Client service: what is the quality of the customer service? (costumer-service).
- Dependability: Is this broker dependable? (reliability).
- Info: more info about Plus500 (information).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you must initially go to the Plus500 site. Click here * to open the Plus500 site. To produce a totally free demonstration account, you just have to choose an email address and a password. It is likewise possible to log in with your Facebook or Google account. After you have actually left this info, you can right away start trading. Plus500 Trading Bot.
Plus500 accepts clients from many countries. However, there are also citizenships that are not admitted 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 for that reason give Plus500 a positive score for opening an account. Plus500 Trading Bot.
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:
- Bank transfer.
Before your deposit can be processed, you should verify your identity. Plus500 needs to comply with legislation and can just receive validated customers. By validating brand-new costumers, Plus500 prevents clients from utilizing the represent money laundering.
We have actually gone through the whole procedure and submitted the needed documents. 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 again. The length of this procedure depends on your individual situation and can be various for each costumer.
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 couple of days. Plus500 Trading Bot.
On Plus500 there are no extra costs 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 as much as 5 free withdrawals a month, after which a fee will be sustained.
–>> Open Demo Account here <<–
79% of retail CFD accounts lose money
Plus500 Trading Bot
Evaluation of the costs of Plus500
When you start trading with Plus500, you obviously do not desire a large part of your money to be lost to high deal costs. In this part of the review, we take a comprehensive look at the costs of trading with Plus500. Listed below we briefly examine which costs Plus500 passes on to its customers.
With Plus500 you pay a spread over every deal. The spread is the difference in between the buy and sell cost of a CFD. Plus500 provides 2 spread mechanisms for its instruments: Dynamic spread which is constantly adjusted according to the market spread during the period a position is open vs. a Spread which does not generally change in line with basic market variations while a position is open, but when the market is unpredictable and illiquid, may alter to a brand-new level so that the underlying market conditions are better reflected. Nonetheless, Plus500 intends to supply the tightest possible spreads at all times. Plus500 Trading Bot.
Forex expenses on Plus500
On Plus500 you can sell various currency sets. At the time of composing, you are paying 0.6 pips in transaction fees on the pair of EUR/ USD. We compared these costs with those of other 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 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 agreement. Trading cryptocurrencies is therefore relatively useful at Plus500. (We have drawn out 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 presently pay a spread of $ 0.95, which corresponds to 0.12% of the overall value. 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 option to trade on margin. Since you can trade on margin, you do not have to put in the total of the trading position yourself. However, you do have to pay a premium for this.
With each security you will see the over night financing buy and the over night financing sell costs. In some cases, you really get a premium for short positions. We compared Plus500 with other parties for this review and the financing expenses were fairly low. Still, it is essential to bear in mind that Plus500 is not really suitable for long-lasting trading because of the funding charges you need to pay every day. Plus500 Trading Bot.
Other expenses on Plus500
We have actually thoroughly examined the costs for this evaluation, and we have actually not found any bothersome concealed costs. However, you should ensure that you log in to the platform a minimum of once every three months. If you do not do this, expenses for lack of exercise will be charged. This is the case with the majority of 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 cash from your account.
You can check all Fees here:
Plus500 is mainly 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 suggests a market spread of 0.6 pips, in this example). Unlike other company who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Trading Bot.
The following extra costs might be applied:
Overnight Funding – The over night funding quantity is either contributed to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”).
The overnight funding time and the day-to-day overnight financing portion can be found 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 Cost for all trades on instruments denominated in a currency different to the currency of your account.
The Currency Conversion Fee will currently be up to 0.7% of the trade’s realised net earnings and loss and reflected in real time into the unrealised net revenue and loss of an employment opportunity.
Lack of exercise Charge – A cost of as much as USD 10 each month will be imposed, must you not visit to your trading account for a period of at least 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 lack of exercise fee will amount to the lesser of the remaining available balance in your account or USD 10 (or comparable depending upon your currency). This is to offset the cost incurred in making the service offered, although it has actually not been used. Nevertheless, please note that the fee is only collected from the Genuine Cash account and just when there are sufficient readily available funds in the account. In order to avoid this fee, just log into your trading account from time to time, as this is considered enough activity to prevent a charge from being charged.
Surefire Stop Order – if you select this feature, please note that as it guarantees that your position (trade) closes at a particular requested rate (price), the trade undergoes a broader spread.
Conclusion Plus500 charges
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 short article about the expenses on Plus500, we take a closer take a look at the various costs you pay when you trade with Plus500.
Plus500 Trading Bot
Software & possibilities
When you begin trading, we understand that you of course likewise want to utilize a great software package. With Plus500 trading is primarily done via 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 area to open or close a position.
What stuck out in our evaluation was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can rapidly discover the CFD in which you wish to trade. New customers will for that reason not have to search wish for buy & offer buttons on Plus500. Plus500 Trading Bot.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is necessary to bear in mind that with Plus500 you always sell CFDs. With Plus500 you never straight sell a share. The only thing that identifies your result is the difference 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 buy the CFD you get a positive outcome with an increasing rate and when you sell the CFD you get a positive outcome with a falling rate. Given that you use leverage there is a high risk of losing cash quickly due to take advantage of.
The choice to speculate on a declining cost is a significant benefit within the Plus500 platform. The option to brief sell increases your versatility and makes it possible to react to different market situations.
Kind of orders
With Plus500 you can right away open an order. When you push buy or offer you will see the screen below:
In the order screen you can go into the amount you want to trade with. You likewise have the alternative to instantly open or close the position after a particular cost has actually been reached. This makes it possible to secure you trades when you need to go out. Plus500 Trading Bot.
It is also possible to position an order with Plus500. You do this by going into a rate at which you immediately open the CFD position. By utilizing orders, you can accomplish even better trading results.
With Plus500 you have the alternative to use a take advantage of. With a lever you can take a bigger position with the same amount of cash. Both your potential profit and your possible loss increase when you use take advantage of. With each security you can right away see what the maximum utilize is that you can apply.
The existence of a take advantage of is a benefit in the review of Plus500. You can constantly choose to invest with smaller sized quantities if you wish to lower your danger.
On Plus500 you can also trade with the mobile application they offer. The mobile application is less extensive than the WebTrader. You can carry out less substantial analyses with it. It is beneficial to also install the mobile application. With the app you can get warnings when the rate of a security reaches a certain value.
The mobile application is really easy to use and it is great to change your orders when market conditions alter significantly. The mobile application is therefore a strength in our review of the Plus500 platform.
Plus500 Trading Bot
Trading alternatives at Plus500
In this part of the evaluation we will discuss the different types of securities you can trade in with Plus500.
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you speculate on price modifications in currency sets. You can for example location a trade on the development of the euro versus the dollar.
On Plus500 you can likewise sell a comprehensive range of CFD shares. The shares are neatly sorted by nation, so you can rapidly 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 apply an optimum leverage of up to 1:20 to investments in raw materials. When you sell gold you can use a leverage of 1:20.
On Plus500 you can likewise sell CFDs on choices. Choices often move highly: an alternative can sometimes rise or fall in worth by tens of percent. With CFDs you can use an utilize of as much as 1:20 to options, which further 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.
At Plus500 you can likewise trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are extremely unpredictable and it can therefore be interesting to actively speculate on their cost advancements. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument schedule subject to regulations”). Plus500 Trading Bot.
Conclusion on the trading choices at Plus500
Plus500 has a vast array of tradable CFD securities. Even relatively unknown regional stocks can frequently be found 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 favorable.
Assistance & research study
In this part of the evaluation, we examine how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the graphs. Within the software you can utilize different illustration options. You can draw horizontal levels to suggest price levels where the marketplace typically moves in the opposing direction.
You can also add technical indications on the chart. The variety of technical indications at Plus500 is huge. You can select from more than 100 various choices. It is a good idea to use technical signs. By utilizing technical indicators, you can execute much better analyses.
The technical analysis alternatives within the Plus500 software are extensive. It is bothersome that you can not conserve numerous charts. This implies that you have to duplicate the examines regularly. Expert investors would have to download other programs to perform more complex analyses.
Research study and education
In this evaluation we can be fast about the possibilities of research study and education: at Plus500 these choices are entirely missing. There are no courses or webinars readily available at Plus500. This is a disadvantage for people who join Plus500 to discover how to trade much better.
It works that you receive a notice within the Plus500 software when interesting developments happen. When the price of, for example, oil falls sharply, you will receive a notification of this occasion. You can then decide for yourself whether you wish to take a position on the marketplace development. Plus500 Trading Bot.
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 buyers or sellers. Other fundamental information is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.
Plus500 has a detailed and quick customer support that is offered in more than 30 languages. Your issues can be solved quickly in your language.
It is recommended to get in touch with client service via 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 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 straight to someone. Due to the quick processing time, Plus500 still ratings adequately in terms of customer support. Plus500 Trading Bot.
Security & dependability
Before you deposit money with a company, you naturally wish to know that it is totally secure to do so. In this part of the review, we look at how reputable Plus500 is.
Supervisors ensure that brokers stick to the rules. Plus500 is monitored by:
- Plus500UK Ltd authorized & managed by the FCA (# 509909).
- Plus500CY Ltd licensed & controlled 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), accredited by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized financial provider in South Africa, FSP # 47546.
Security of your deposits
Depending upon your nationality, you delight in additional protection if Plus500 goes bankrupt. This is done through a so-called investor security fund. All customer funds are kept in a segregated client bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has actually also set a number of extra guidelines to ensure that your money is as safe and secure as possible on Plus500. Listed below you can discover an overview of these measurements:
Plus500 will never speculate with customers’ cash. All funds are kept in a separate bank account, which indicates that this cash is safe when unforeseen things occur with Plus500. And lastly, on Plus500 you are safeguarded against a negative balance, because he Negative balance security is a regulative requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a recurring financial obligation. Plus500 Trading Bot.
Plus500 is 100% no fraud. Plus500 firmly manages client assets. The company is also monitored. Plus500 has actually been around since 2008 and is even noted on the London stock market. These are all excellent indicators that Plus500 is trusted and we have actually come to that conclusion ourselves.
Plus500 Trading Bot
About the business
Plus500 was founded in 2008 and has grown highly since then. Plus500 is active in more than 30 nations and served more than 200,000 active customers in 2019. Plus500 performed over 35 million deals with a value of over $1,000 billion in one year. The head office of the business can be discovered in Israel, however they have opened numerous extra workplaces in other countries. Do you would like to know more about the Plus500 company? In this article you will find everything you require to know!
Conclusion review Plus500
Plus500 is one of the very best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by using 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 rising and falling prices. Plus500 Trading Bot.
Do you want to find how Plus500 works? Then immediately open a complimentary demo-account by pressing the button below:
79% of retail CFD accounts lose money