Plus500 Evaluation: our experience with this broker – Plus500 Trading Robot
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule subject to policies), Forex and stocks. In this substantial evaluation, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can respond to the most recent market developments at low rates. Plus500 Trading Robot.
Plus500 Trading Robot
- At Plus500 you can speculate on price advancements at low rates.
- You can trade in a substantial range of CFD shares.
- It is possible to attempt Plus500 totally free with a demo.
- On Plus500 you can use the user-friendly web trader.
- Plus500 offers its services in more than 30 different languages.
- On Plus500 you can begin trading from $100. Plus500 Trading Robot.
- Plus500 does not supply innovative software application for expert traders.
- You can not find substantial analyses within the platform.
- Plus500 customer service is not available by phone.
- On Plus500 you can only sell CFDs.
Would you like to attempt the possibilities at Plus500 with a demonstration entirely free of charge and without danger? Use the button listed below to open a demo account with this broker:
Plus500 Trading Robot
We discuss the following subjects in the Plus500 evaluation:
- 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 application?
- Trading alternatives: in what securities you trade on Plus500?
- Support: what support do you receive when trading?
- Customer service: what is the quality of the customer service? (costumer-service).
- Dependability: Is this broker dependable? (dependability).
- Information: more information 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 site. Click on this link * to open the Plus500 website. To develop a free demo account, you just need to select an email address and a password. It is also possible to log in with your Facebook or Google account. After you have actually left this information, you can right away start trading. Plus500 Trading Robot.
Plus500 accepts clients from many countries. Nevertheless, there are likewise nationalities that are not admitted to Plus500. Traders from for instance, 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 review, we therefore offer Plus500 a favorable ranking for opening an account. Plus500 Trading Robot.
Deposit & withdraw cash
When you have become familiar with the Plus500 platform, you can switch to a genuine cash account at any time. The minimum deposit at Plus500 is $100. You can deposit money into your account by using among these approaches:
- Bank transfer.
Prior to your deposit can be processed, you must validate your identity. Plus500 needs to comply with legislation and can just receive validated consumers. By confirming brand-new clients, Plus500 prevents customers from utilizing the account for cash laundering.
We have actually gone through the whole process and uploaded the needed files. Our account was authorized and launched by Plus500 within an hour. After validating the identity of your account, you don’t need to do it again. The length of this procedure depends on your individual scenario and can be various for each customer.
You can withdraw the money into your account at any time. You can do this by moving the money to your checking account or PayPal account. The transfer is made rapidly and the cash will be in your account within a couple of days. Plus500 Trading Robot.
On Plus500 there are no extra costs for depositing and withdrawing money. This is a big advantage of the broker Plus500: numerous other brokers charge a little fee for withdrawing money. Traders can make the most of approximately 5 totally free withdrawals a month, after which a charge will be sustained.
Plus500 Trading Robot
Review of the expenses of Plus500
When you start trading with Plus500, you undoubtedly do not want a big part of your cash to be lost to high deal costs. In this part of the review, we take a comprehensive take a look at the costs of trading with Plus500. Listed below we quickly take a look at which costs Plus500 hands down to its consumers.
With Plus500 you pay a spread over every transaction. The spread is the difference between the buy and sell price of a CFD. Plus500 uses 2 spread systems for its instruments: Dynamic spread which is constantly adjusted according to the market spread throughout the duration a position is open vs. a Spread which does not typically alter in line with basic market changes while a position is open, but when the marketplace is unstable and illiquid, may alter to a new level so that the underlying market conditions are much better shown. Plus500 aims to supply the tightest possible spreads at all times. Plus500 Trading Robot.
Forex costs on Plus500
On Plus500 you can trade in various currency pairs. 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 companies and concluded that these expenses are comparable to those of other brokers. (We have actually 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 review it emerged that at Plus500 you can trade versus fairly 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 agreement. Trading cryptocurrencies is therefore relatively advantageous at Plus500. (We have 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 relates 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 photo on April 20, 2020 at 13:00.).
Financing costs at Plus500
With Plus500 you have the choice to trade on margin. Because you can trade on margin, you do not have to put in the total of the trading position yourself. Nevertheless, you do have to pay a premium for this.
With each security you will see the overnight financing buy and the over night financing offer costs. In some cases, you really receive a premium for short positions. We compared Plus500 with other celebrations for this evaluation and the financing expenses were relatively low. Still, it is necessary to remember that Plus500 is not very appropriate for long-lasting trading because of the funding charges you have to pay every day. Plus500 Trading Robot.
Other costs on Plus500
We have actually thoroughly examined the costs for this review, and we have not discovered any annoying surprise costs. You need to 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 is the case with a lot of 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 money from your account.
You can check all Charges 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 indicates a market spread of 0.6 pips, in this example). Unlike other provider who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Trading Robot.
Nevertheless, the following additional charges might be used:
Overnight Financing – The over night funding amount is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The overnight funding time and the day-to-day over night financing portion can be discovered in the “Details” link beside the instrument’s name on the main screen of the platform.
Currency Conversion Fee – 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 presently depend on 0.7% of the trade’s understood internet earnings and loss and shown in real time into the unrealised net profit and loss of an open position.
Lack of exercise Charge – A fee of up to USD 10 per month will be levied, need to you not log in to your trading represent a period of at least three months. This cost will be charged as soon as a month from that moment onwards, as long as no login is made to the account. The inactivity cost will amount to the lesser of the staying 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 available, despite the fact that it has not been utilized. Please note that the fee is just collected from the Real Cash account and only when there are enough 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 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 wider spread.
Conclusion Plus500 fees
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 article about the costs on Plus500, we take a closer take a look at the various expenses you pay when you trade with Plus500.
Plus500 Trading Robot
Software application & possibilities
When you begin trading, we comprehend that you naturally likewise want to utilize a good software package. With Plus500 trading is generally done through the online WebTrader. An excellent benefit 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 stood out 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 clients will for that reason not need to search long for buy & sell buttons on Plus500. Plus500 Trading Robot.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is essential to remember that with Plus500 you always trade in CFDs. With Plus500 you never ever straight sell a share. The only thing that identifies your outcome is the difference between the rate at which you open and close the position.
When you open a position, you have 2 options. You can purchase the CFD or you can go short on the CFD. When you buy the CFD you get a positive result with a rising rate and when you sell the CFD you get a favorable result with a falling price. Given that you use leverage there is a high threat of losing cash quickly due to take advantage of.
The option to speculate on a declining cost is a significant advantage within the Plus500 platform. The option to short sell increases your versatility and makes it possible to react to various market scenarios.
Kind of orders
With Plus500 you can instantly open an order. When you push buy or offer you will see the screen listed below:
In the order screen you can go into the quantity you want to trade with. You also have the choice to automatically open or close the position after a specific cost has been reached. This makes it possible to safeguard you trades when you have to go out. Plus500 Trading Robot.
It is also possible to place an order with Plus500. You do this by going into a cost at which you instantly open the CFD position. By utilizing orders, you can attain even much better trading outcomes.
With Plus500 you have the alternative to use an utilize. With a lever you can take a larger position with the exact same quantity of cash. Both your potential earnings and your prospective loss increase when you use utilize. With each security you can instantly see what the maximum utilize is that you can apply.
The existence of an utilize is a benefit in the review of Plus500. You can constantly choose to invest with smaller sized amounts if you want to lower your danger.
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less comprehensive than the WebTrader. You can perform less comprehensive analyses with it. However, it is useful to likewise set up the mobile application. With the app you can get warnings when the cost of a security reaches a particular worth.
The mobile application is really user-friendly and it is good to change your orders when market conditions change considerably. The mobile application is therefore a strong point in our evaluation of the Plus500 platform.
Plus500 Trading Robot
Trading choices at Plus500
In this part of the evaluation we will go over the various types of securities you can trade in with Plus500.
With Plus500 you can sell CFDs on Forex. When you sell Forex, you hypothesize on price modifications in currency sets. You can for instance location a trade on the development of the euro against the dollar.
On Plus500 you can also sell a comprehensive range of CFD shares. The shares are nicely sorted by country, so you can rapidly discover a share to trade.
It’s likewise possible to trade in products by using CFDs. The most popular commodity for trading is oil. You can typically apply an optimum leverage of as much as 1:20 to financial investments in basic materials. When you trade in gold you can apply a leverage of 1:20.
On Plus500 you can likewise sell CFDs on choices. Options typically move highly: an option can often increase or fall in worth by 10s of percent. With CFDs you can use a leverage of as much as 1:20 to choices, which even more increases your potential gains or losses.
Indices or ETFs
On Plus500 you can likewise sell CFDs on well-known indexes or ETFs. You can for example sell the Dow Jones or NASDAQ index trackers.
At Plus500 you can also trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are extremely unstable and it can for that reason be interesting to actively hypothesize on their price developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to guidelines”). Plus500 Trading Robot.
Conclusion on the trading choices at Plus500
Plus500 has a wide variety of tradable CFD securities. Even relatively unidentified local stocks can frequently be found on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all countries. My experience with Plus50 has actually for that reason been very positive.
Support & research
In this part of the review, we examine how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the graphs. Within the software application you can utilize different drawing options. You can draw horizontal levels to show price levels where the market typically moves in the opposing direction.
You can likewise include technical signs on the graph. The series of technical indicators at Plus500 is enormous. You can select from more than 100 different choices. It is a good idea to use technical indicators. By utilizing technical indications, you can execute better analyses.
The technical analysis options within the Plus500 software are substantial. It is inconvenient that you can not conserve several graphs. This implies that you have to repeat the evaluates regularly. Professional investors would need to download other programs to carry out more complex analyses.
Research and education
In this evaluation we can be fast about the possibilities of research and education: at Plus500 these options are entirely missing out on. There are no courses or webinars offered at Plus500. This is a downside for people who sign up with Plus500 to learn how to trade much better.
It is useful that you receive a notification within the Plus500 software when fascinating advancements happen. When the cost of, for example, oil falls greatly, you will get a notification of this occasion. You can then choose for yourself whether you wish to take a position on the marketplace development. Plus500 Trading Robot.
Within the Plus500 software you can also 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 fundamental 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 a thorough and fast client service that is readily available in more than 30 languages. Your problems can be fixed rapidly in your language.
It is suggested to call client service via live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be fixed nearly 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 impossible to speak straight to someone. Due to the quick processing time, Plus500 still scores sufficiently in terms of customer care. Plus500 Trading Robot.
Security & reliability
Prior to you transfer cash with a business, you naturally wish to know that it is totally protected to do so. In this part of the evaluation, we look at how trusted Plus500 is.
Supervisors ensure that brokers stick to the guidelines. Plus500 is monitored by:
- Plus500UK Ltd licensed & managed 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 monetary company in South Africa, FSP # 47546.
Security of your deposits
Depending on your nationality, you enjoy extra security if Plus500 goes bankrupt. This is done through a so-called investor security fund. All client funds are kept in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has also set a number of additional guidelines to ensure that your cash is as safe as possible on Plus500. Listed below you can find an overview of these measurements:
Plus500 will never speculate with consumers’ money. All funds are kept in a different checking account, which suggests that this money is safe and secure when unforeseen things happen with Plus500. And finally, on Plus500 you are secured versus an unfavorable balance, because he Negative balance defense is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted a recurring debt. Plus500 Trading Robot.
Plus500 is 100% no fraud. Plus500 securely manages consumer possessions. The business is likewise monitored. Plus500 has been around given that 2008 and is even noted on the London stock market. These are all excellent signs that Plus500 is trusted and we have actually pertained to that conclusion ourselves.
Plus500 Trading Robot
About the business
Plus500 was founded in 2008 and has actually grown highly since then. Plus500 is active in more than 30 countries and served more than 200,000 active customers in 2019. Plus500 carried out over 35 million deals with a value of over $1,000 billion in one year. The head office of the company can be found in Israel, however they have opened numerous extra offices in other nations. Do you need to know more about the Plus500 company? In this short article you will find everything you require to know!
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. On Plus500 you can trade at low rates. You also have the opportunity to react to altering market conditions by placing orders on both fluctuating costs. Plus500 Trading Robot.
Do you wish to find how Plus500 works? Then instantly open a totally 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