Plus500 Trading Robot

Plus500 Evaluation: our experience with this broker – Plus500 Trading Robot
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument schedule subject to policies), Forex and stocks. In this extensive evaluation, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can respond to the most recent market advancements at low rates. Plus500 Trading Robot.

Plus500 Trading Robot

Advantage Plus500

  • At Plus500 you can hypothesize on rate advancements at low rates.
  • You can trade in a comprehensive series of CFD shares.
  • It is possible to attempt Plus500 for free with a demo.
  • On Plus500 you can use the user-friendly web trader.
  • Plus500 provides its services in more than 30 various languages.
  • On Plus500 you can begin trading from $100. Plus500 Trading Robot.

 

Downsides Plus500

  • Plus500 does not provide advanced software for professional traders.
  • You can not discover comprehensive analyses within the platform.
  • Plus500 customer support is not offered by phone.
  • On Plus500 you can just trade in CFDs.

Would you like to attempt the possibilities at Plus500 with a demo entirely free of charge and without threat? Use the button below to open a demonstration account with this broker:

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

Plus500 Trading Robot

We discuss the following topics in the Plus500 evaluation:

  • Open account: how can you open an account with Plus500?
  • Deposit cash: how can you transfer and withdraw money?
  • Costs: just how much does trading cost on Plus500?
  • Functionalities: what are the possibilities of the software application?
  • Trading choices: in what securities you trade on Plus500?
  • Assistance: what support do you receive when trading?
  • Client service: what is the quality of the client service? (costumer-service).
  • Dependability: Is this broker trustworthy? (reliability).
  • Info: more info about Plus500 (information).
  • Conclusion: the verdict of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you should first visit the Plus500 site. Click here * to open the Plus500 website. To develop a free demonstration account, you just have to pick an e-mail address and a password. It is also possible to log in with your Facebook or Google account. After you have left this details, you can instantly begin trading. Plus500 Trading Robot.

Plus500 Trading Robot

Plus500 accepts consumers from the majority of countries. Nevertheless, there are also 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 review, we therefore provide Plus500 a positive score for opening an account. Plus500 Trading Robot.

 

Deposit & withdraw cash
When you have become familiar with 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 among these approaches:

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

Before your deposit can be processed, you should validate your identity. Plus500 needs to abide by legislation and can just get validated consumers. By validating new customers, Plus500 avoids customers from using the account for cash laundering.

Plus500 Trading Robot

We’ve gone through the entire process and uploaded the required files. Our account was authorized and released by Plus500 within an hour. After validating the identity of your account, you do not have to do it again. The length of this procedure depends on your individual scenario and can be different for each customer.

 

Withdraw money
You can withdraw the cash into your account at any time. You can do this by moving the cash to your bank account or PayPal account. The transfer is made rapidly and the money will be in your account within a couple of days. Plus500 Trading Robot.

Plus500 Trading Robot

 

On Plus500 there are no additional costs for transferring and withdrawing cash. This is a big advantage of the broker Plus500: numerous other brokers charge a small charge for withdrawing cash. Traders can take advantage of as much as 5 totally free withdrawals a month, after which a cost will be incurred.

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

Plus500 Trading Robot

Evaluation of the expenses of Plus500
When you begin trading with Plus500, you clearly do not want a big part of your money to be lost to high transaction expenses. In this part of the review, we take a detailed take a look at the charges of trading with Plus500. Below we briefly take a look at which costs Plus500 passes on to its clients.

 

Spread
With Plus500 you pay a spread over every deal. The spread is the distinction between the buy and sell rate of a CFD. Plus500 uses two spread systems for its instruments: Dynamic spread which is constantly changed according to the market spread during the duration a position is open vs. a Spread which does not normally alter in line with general market changes while a position is open, however when the market is unpredictable and illiquid, may alter to a new level so that the underlying market conditions are much better reflected. Nonetheless, Plus500 aims to offer the tightest possible spreads at all times. Plus500 Trading Robot.

 

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 service providers and concluded that these expenses 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 sell cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade versus relatively 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 therefore fairly useful at Plus500. (We have extracted these data on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can also sell shares by using CFDs. As an example: For the CFD share Tesla you presently pay a spread of $ 0.95, which equates to 0.12% of the total 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.).

 

Funding expenses at Plus500
With Plus500 you have the alternative 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. However, you do have to pay a premium for this.

With each security you will see the over night funding buy and the overnight financing sell costs. In some cases, you in fact receive a premium for short positions. We compared Plus500 with other celebrations for this evaluation and the funding expenses were fairly low. Still, it is necessary to keep in mind that Plus500 is not extremely ideal for long-term trading because of the funding charges you have to pay daily. Plus500 Trading Robot.

 

Other costs on Plus500
We have actually thoroughly examined the expenses for this evaluation, and we have actually not discovered any bothersome hidden costs. Nevertheless, you should ensure that you log in to the platform at least once every 3 months. If you do not do this, costs for inactivity will be charged. This holds true with the majority of brokers.

Do you have an account with Plus500 and are you not preparing to trade for a while? It is smart to withdraw the money from your account.

 

You can examine all Charges here:

Plus500 is mainly compensated 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 implies a market spread of 0.6 pips, in this example). Unlike other service providers who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Trading Robot.

However, the following extra fees might be applied:

Overnight Financing – The over night financing amount is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Financing Time”).
The overnight financing time and the day-to-day overnight financing percentage can be found in the “Particulars” link beside 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 Fee will currently depend on 0.7% of the trade’s realised net profit and loss and reflected in real time into the unrealised net revenue and loss of an employment opportunity.

Lack of exercise Fee – A cost of approximately USD 10 per month will be imposed, ought to you not log in to your trading represent a duration of a minimum of three months. This charge 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 offered balance in your account or USD 10 (or equivalent depending upon your currency). This is to offset the expense incurred in making the service offered, despite the fact that it has actually not been utilized. However, please note that the cost is just collected from the Real Cash account and just when there suffice available funds in the account. In order to avoid this fee, merely log into your trading account from time to time, as this is deemed sufficient activity to prevent a cost from being charged.

Surefire Stop Order – if you choose this function, please note that as it ensures that your position (trade) closes at a specific asked for rate (price), the trade undergoes a larger spread.

 

Conclusion Plus500 charges
The expenses Plus500 charges are reasonable and in proportion to the amount 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 look at the numerous costs you pay when you trade with Plus500.

Plus500 Trading Robot

Software application & possibilities
When you begin trading, we comprehend that you of course likewise wish to utilize an excellent software package. With Plus500 trading is generally done by means of the online WebTrader. An excellent 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 apart 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 want to trade. New clients will therefore not need to browse wish for purchase & offer buttons on Plus500. Plus500 Trading Robot.

 

Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is important to remember that with Plus500 you always sell CFDs. With Plus500 you never ever straight trade in 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 options. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable result with an increasing cost and when you sell the CFD you get a favorable outcome with a falling price. Given that you utilize leverage there is a high risk of losing money quickly due to leverage.

 

The option to speculate on a decreasing price is a significant benefit within the Plus500 platform. The alternative to short sell increases your flexibility and makes it possible to react to different market situations.

 

Kind of orders
With Plus500 you can immediately open an order. When you push buy or offer you will see the screen below:

Plus500 Trading Robot

In the order screen you can get in the amount you want to trade with. You likewise have the choice to instantly open or close the position after a specific rate has been reached. This makes it possible to secure you trades when you need to go out. Plus500 Trading Robot.

It is also possible to put an order with Plus500. You do this by going into a cost at which you automatically open the CFD position. By using orders, you can accomplish even much better trading results.

Plus500 Trading Robot

 

Leverage
With Plus500 you have the choice to use a leverage. With a lever you can take a bigger position with the exact same amount of money. Both your potential profit and your possible loss boost when you use utilize. With each security you can immediately see what the maximum leverage is that you can use.

The existence of an utilize is an advantage in the review of Plus500. You can constantly decide to invest with smaller amounts if you want to reduce your risk.

 

Mobile application
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less comprehensive than the WebTrader. You can carry out less comprehensive analyses with it. It is beneficial to also set up the mobile application. With the app you can get cautions when the price of a security reaches a specific value.

The mobile application is really user-friendly and it is good to change your orders when market conditions alter considerably. The mobile application is for that reason a strong point in our evaluation of the Plus500 platform.

Plus500 Trading Robot

Trading alternatives at Plus500
In this part of the review we will discuss the different kinds of securities you can trade in with Plus500.

Forex
With Plus500 you can sell CFDs on Forex. When you sell Forex, you speculate on rate modifications in currency sets. You can for example place a trade on the development of the euro against the dollar.

Shares
On Plus500 you can also sell a comprehensive range of CFD shares. The shares are neatly sorted by country, so you can rapidly find a share to trade.

Commodities
It’s also possible to trade in products by using CFDs. The most popular product for trading is oil. You can frequently apply a maximum utilize of as much as 1:20 to investments in basic materials. When you sell gold you can apply an utilize of 1:20.

Options
On Plus500 you can likewise sell CFDs on choices. Options frequently move strongly: an option can often increase or fall in worth by 10s of percent. With CFDs you can apply a leverage of approximately 1:20 to choices, which even more increases your possible gains or losses.

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


Cryptocurrencies

At Plus500 you can likewise trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are very unpredictable and it can for that reason be interesting to actively speculate on their price advancements. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument accessibility subject to policies”). Plus500 Trading Robot.


Conclusion on the trading alternatives at Plus500

Plus500 has a wide range of tradable CFD securities. Even relatively unidentified regional stocks can typically be discovered on the Plus500 platform. This makes Plus500 an attractive broker for investors from all nations. My experience with Plus50 has for that reason been very favorable.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the charts. Within the software application you can use various drawing options. You can draw horizontal levels to indicate price levels where the marketplace frequently relocates the opposing instructions.

Plus500 Trading Robot

You can likewise add technical signs on the chart. The variety of technical indications at Plus500 is huge. You can select from more than 100 various choices. It is smart to use technical indicators. By using technical signs, you can perform better analyses.

Plus500 Trading Robot

The technical analysis choices within the Plus500 software application are extensive. It is bothersome that you can not conserve several graphs. This means that you need to repeat the evaluates frequently. Expert financiers would need to download other programs to perform more complex analyses.

 

Research study and education
In this review we can be quick about the possibilities of research and education: at Plus500 these choices are entirely missing. There are no courses or webinars readily available at Plus500. This is a downside for individuals who sign up with Plus500 to find out how to trade better.

It works that you receive a notification within the Plus500 software application when intriguing advancements take place. When the rate of, for example, oil falls greatly, you will receive a notification of this occasion. You can then choose on your own whether you want to take a position on the market advancement. Plus500 Trading Robot.

Within the Plus500 software application 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 purchasers or sellers. Other basic data is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.

 

Customer service
Plus500 has an extensive and fast customer support that is available in more than 30 languages. Your problems can be solved rapidly in your language.

It is recommended to contact 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 resolved almost immediately.

It is likewise possible to email Plus500. Mails are typically addressed within a day. It is a pity that no phone number is offered. This makes it impossible to speak directly to somebody. Due to the quick processing time, Plus500 still scores sufficiently in terms of client service. Plus500 Trading Robot.

Plus500 Trading Robot

 

Security & reliability
Before you transfer money with a business, you naturally need to know that it is totally safe to do so. In this part of the review, we take a look at how trusted Plus500 is.

Regulation
Supervisors guarantee that brokers comply with the guidelines. Plus500 is supervised 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; authorized financial provider in South Africa, FSP # 47546.

Security of your deposits
Depending on your citizenship, you take pleasure in additional protection if Plus500 declares bankruptcy. This is done through a so-called investor security fund. All client funds are kept in a segregated client bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has likewise set numerous additional rules to guarantee that your cash is as secure as possible on Plus500. Listed below you can discover an overview of these measurements:

Plus500 Trading Robot

Plus500 will never ever hypothesize with consumers’ cash. All funds are stored in a separate savings account, which suggests that this cash is safe and secure when unexpected things occur with Plus500. And lastly, on Plus500 you are secured versus an unfavorable balance, because he Unfavorable balance defense is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never ever be entrusted to a residual financial obligation. Plus500 Trading Robot.

 

Conclusion reliability
Plus500 is 100% no fraud. Plus500 firmly manages consumer possessions. The business is likewise supervised. Plus500 has been around since 2008 and is even listed on the London stock market. These are all good indications that Plus500 is reputable and we have pertained to that conclusion ourselves.

Plus500 Trading Robot

About the company
Plus500 was founded in 2008 and has grown highly ever since. 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 value of over $1,000 billion in one year. The headquarters of the business can be found in Israel, but they have opened numerous additional workplaces in other countries. Do you would like to know more about the Plus500 business? In this short article you will find whatever you require to know!

Plus500 Trading Robot

Conclusion evaluation Plus500
Plus500 is among the very best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by using the user-friendly software application. On Plus500 you can trade at low rates. You also have the chance to respond to altering market conditions by positioning orders on both rising and falling prices. Plus500 Trading Robot.

Do you wish to find how Plus500 works? Then instantly open a complimentary demo-account by pressing the button listed below:

 

–>> Open Demo Account here <<–

79% of retail CFD accounts lose money