Robinhood Vs Plus500

Plus500 Review: our experience with this broker – Robinhood Vs Plus500
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to guidelines), Forex and stocks. In this extensive 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 advancements at low rates. Robinhood Vs Plus500.

Robinhood Vs Plus500

Benefit Plus500

  • At Plus500 you can speculate on cost advancements at low rates.
  • You can trade in an extensive variety of CFD shares.
  • It is possible to try Plus500 free of charge with a demo.
  • On Plus500 you can utilize the easy to use web trader.
  • Plus500 provides its services in more than 30 different languages.
  • On Plus500 you can start trading from $100. Robinhood Vs Plus500.

 

Drawbacks Plus500

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

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

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

Robinhood Vs Plus500

We talk about 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 expense on Plus500?
  • Functionalities: what are the possibilities of the software application?
  • Trading choices: in what securities you trade on Plus500?
  • Support: what assistance do you receive when trading?
  • Customer service: what is the quality of the costumer service? (costumer-service).
  • Reliability: Is this broker reputable? (reliability).
  • Info: more information about Plus500 (information).
  • Conclusion: the decision of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you should initially visit the Plus500 site. Click here * to open the Plus500 site. To create a complimentary demonstration account, you simply need to choose an e-mail address and a password. It is likewise possible to visit with your Facebook or Google account. After you have actually left this information, you can instantly start trading. Robinhood Vs Plus500.

Robinhood Vs Plus500

Plus500 accepts customers from the majority of countries. However, there are also citizenships that are not confessed 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 therefore give Plus500 a positive score for opening an account. Robinhood Vs Plus500.

 

Deposit & withdraw money
When you have actually ended up being acquainted with the Plus500 platform, you can switch to a genuine money account at any time. The minimum deposit at Plus500 is $100. You can deposit cash into your account by using among these approaches:

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

Prior to your deposit can be processed, you must confirm your identity. Plus500 needs to abide by legislation and can just get verified customers. By validating new costumers, Plus500 prevents customers from using the represent cash laundering.

Robinhood Vs Plus500

We’ve gone through the entire procedure and published the needed documents. Our account was approved and launched by Plus500 within an hour. After verifying the identity of your account, you don’t have to do it again. The length of this procedure depends upon your individual scenario and can be different for each client.

 

Withdraw money
You can withdraw the money into your account at any time. You can do this by transferring the cash to your savings account or PayPal account. The transfer is made rapidly and the money will be in your account within a few days. Robinhood Vs Plus500.

Robinhood Vs Plus500

 

On Plus500 there are no additional expenses for depositing and withdrawing cash. This is a big advantage of the broker Plus500: many other brokers charge a small charge for withdrawing cash. Traders can benefit from up to 5 complimentary withdrawals a month, after which a cost will be incurred.

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

Robinhood Vs Plus500

Evaluation of the costs of Plus500
When you start trading with Plus500, you undoubtedly do not want a big part of your cash to be lost to high transaction costs. In this part of the review, we take a detailed look at the costs of trading with Plus500. Below we quickly take a look at which costs Plus500 passes on to its customers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the difference in between the buy and sell rate of a CFD. Plus500 offers 2 spread systems for its instruments: Dynamic spread which is constantly adjusted according to the marketplace spread throughout the duration a position is open vs. a Spread which does not usually change in line with general market changes while a position is open, however when the marketplace is unpredictable and illiquid, might change to a new level so that the underlying market conditions are better reflected. Nevertheless, Plus500 aims to provide the tightest possible spreads at all times. Robinhood Vs Plus500.

 

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 transaction charges on the pair of EUR/ USD. We compared these costs with those of other companies and concluded that these costs are comparable to those of other brokers. (We have drawn out these data 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 against relatively advantageously fees 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 beneficial at Plus500. (We have extracted these information on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can likewise 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 total value. 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 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 need 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 in fact receive a premium for short positions. We compared Plus500 with other celebrations for this evaluation and the funding expenses were reasonably low. Still, it is essential to bear in mind that Plus500 is not extremely ideal for long-term trading because of the financing charges you have to pay on a daily basis. Robinhood Vs Plus500.

 

Other expenses on Plus500
We have actually thoroughly examined the expenses for this review, and we have not found any irritating concealed expenses. However, you should guarantee that you visit to the platform at least when every three months. If you do not do this, costs 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 money from your account.

 

You can check all Costs here:

Plus500 is mainly made up 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 suggests a market spread of 0.6 pips, in this example). Unlike other provider who also charge commissions on each trade, Plus500 does not charge dealing commissions. Robinhood Vs Plus500.

The following additional charges may be applied:

Overnight Financing – The over night financing quantity 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 everyday overnight funding percentage can be discovered in the “Particulars” link next to 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 different to the currency of your account.
The Currency Conversion Fee will currently be up to 0.7% of the trade’s realised web profit and loss and reflected in real time into the unrealised net profit and loss of an employment opportunity.

Lack of exercise Fee – A fee of up to USD 10 monthly will be levied, ought to you not visit to your trading account for a period of a minimum of three months. This cost will be charged once a month from that minute onwards, as long as no login is made to the account. The inactivity charge will amount to the lower of the remaining available balance in your account or USD 10 (or comparable depending upon your currency). This is to balance out the cost sustained in making the service readily available, although it has not been utilized. Please note that the charge is just gathered from the Real Money account and only when there are sufficient offered funds in the account. In order to avoid this cost, just log into your trading account from time to time, as this is considered adequate activity to prevent a cost from being charged.

Guaranteed Stop Order – if you pick this function, please note that as it guarantees that your position (trade) closes at a specific asked for rate (price), the trade goes through a wider spread.

 

Conclusion Plus500 costs
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 look at the numerous costs you pay when you trade with Plus500.

Robinhood Vs Plus500

Software application & possibilities
When you begin trading, we understand that you naturally likewise want to utilize a good software package. With Plus500 trading is mainly done through the online WebTrader. A terrific benefit of the WebTrader is the accessibility: you can visit to the platform at any time and from any area 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 customers will for that reason not need to search long for buy & sell buttons on Plus500. Robinhood Vs Plus500.

 

Opening a trade
Opening a trade with Plus500 is rather simple. It is important to remember that with Plus500 you always trade in CFDs. With Plus500 you never ever straight sell a share. The only thing that determines your outcome is the difference in between the price at which you open and close the position.

When you open a position, you have 2 options. You can buy the CFD or you can go short on the CFD. When you buy the CFD you get a positive outcome with a rising cost and when you offer the CFD you get a positive outcome with a falling rate. Given that you use utilize there is a high risk of losing money quickly due to take advantage of.

 

The option to hypothesize on a declining cost is a major benefit within the Plus500 platform. The choice to brief sell increases your versatility and makes it possible to react to various market scenarios.

 

Type of orders
With Plus500 you can right away open an order. When you push purchase or sell you will see the screen listed below:

Robinhood Vs Plus500

In the order screen you can get in the quantity you want to trade with. You likewise have the alternative to automatically open or close the position after a certain cost has actually been reached. This makes it possible to safeguard you trades when you need to go out. Robinhood Vs Plus500.

It is likewise possible to place an order with Plus500. You do this by getting in a rate at which you instantly open the CFD position. By using orders, you can attain even better trading results.

Robinhood Vs Plus500

 

Leverage
With Plus500 you have the option to apply a take advantage of. With a lever you can take a bigger position with the same quantity of cash. Both your potential earnings and your possible loss boost when you use take advantage of. With each security you can instantly see what the maximum utilize is that you can use.

The existence of an utilize is an advantage in the review of Plus500. You can always choose to invest with smaller sized quantities if you want to lower your risk.

 

Mobile application
On Plus500 you can also trade with the mobile application they offer. The mobile application is less extensive 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 cautions when the rate of a security reaches a particular value.

The mobile application is very user-friendly and it is excellent to adjust your orders when market conditions change considerably. The mobile application is for that reason a strong point in our review of the Plus500 platform.

Robinhood Vs Plus500

Trading alternatives at Plus500
In this part of the review we will talk about the different types of securities you can sell with Plus500.

Forex
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 advancement of the euro against the dollar.

Shares
On Plus500 you can likewise trade in a substantial variety of CFD shares. The shares are neatly sorted by country, so you can rapidly discover a share to trade.

Commodities
It’s likewise possible to trade in products by using CFDs. The most popular product for trading is oil. You can often apply a maximum leverage of as much as 1:20 to investments in raw materials. When you trade in gold you can use a leverage of 1:20.

Options
On Plus500 you can also trade in CFDs on choices. Alternatives often move strongly: an alternative 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 further increases your potential gains or losses.

Indices or ETFs
On Plus500 you can also sell 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 really unpredictable and it can therefore be interesting to actively hypothesize on their price advancements. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument accessibility subject to guidelines”). Robinhood Vs Plus500.


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 investors from all countries. My experience with Plus50 has actually therefore been really favorable.

 

Assistance & research
In this part of the evaluation, we examine how Plus500 supports traders.

 

Technical analyses
At Plus500 you can perform technical analyses on the charts. Within the software you can use various drawing choices. You can draw horizontal levels to indicate price levels where the market often moves in the opposing direction.

Robinhood Vs Plus500

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

Robinhood Vs Plus500

The technical analysis alternatives within the Plus500 software are substantial. It is inconvenient that you can not conserve multiple graphs. This implies that you have to duplicate the analyzes regularly. Professional financiers would need to download other programs to carry out more complex analyses.

 

Research and education
In this review we can be fast about the possibilities of research and education: at Plus500 these choices are completely missing. There are no courses or webinars offered at Plus500. This is a disadvantage for individuals who join Plus500 to discover how to trade much better.

It works that you receive a notice within the Plus500 software application when interesting advancements happen. When the cost of, for example, oil falls sharply, you will receive an alert of this event. You can then decide on your own whether you wish to take a position on the marketplace development. Robinhood Vs Plus500.

Within the Plus500 software you can likewise 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 purchasers or sellers. Other fundamental information is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.

 

Client service
Plus500 has an extensive and fast customer care that is readily available in more than 30 languages. Your problems can be fixed rapidly in your language.

It is advised to call customer support via live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be resolved nearly immediately.

It is also possible to email Plus500. Mails are often answered 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 quick processing time, Plus500 still scores adequately in regards to customer care. Robinhood Vs Plus500.

Robinhood Vs Plus500

 

Security & reliability
Before you deposit cash with a business, you naturally need to know that it is completely safe and secure to do so. In this part of the evaluation, we take a look at how trustworthy Plus500 is.

Policy
Supervisors ensure that brokers follow the rules. Plus500 is supervised by:

  • Plus500UK Ltd authorized & controlled by the FCA (# 509909).
  • Plus500CY Ltd authorized & 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), 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 take pleasure in extra security if Plus500 declares bankruptcy. This is done through a so-called investor protection fund. All customer funds are kept in a segregated customer bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has actually also set several additional rules to guarantee that your money is as protected as possible on Plus500. Listed below you can discover a summary of these measurements:

Robinhood Vs Plus500

Plus500 will never hypothesize with clients’ cash. All funds are kept in a separate bank account, which implies that this money is safe and secure when unexpected things occur with Plus500. And last but not least, on Plus500 you are safeguarded versus an unfavorable balance, since he Unfavorable balance defense is a regulative requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a recurring debt. Robinhood Vs Plus500.

 

Conclusion reliability
Plus500 is 100% no rip-off. Plus500 firmly manages consumer possessions. The company is also monitored. Plus500 has been around because 2008 and is even listed on the London stock exchange. These are all excellent signs that Plus500 is reliable and we have come to that conclusion ourselves.

Robinhood Vs Plus500

About the company
Plus500 was founded in 2008 and has grown highly ever since. Plus500 is active in more than 30 countries 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 head office of the business can be discovered in Israel, however they have actually opened a number of extra workplaces in other nations. Do you would like to know more about the Plus500 company? In this post you will discover whatever you require to know!

Robinhood Vs Plus500

Conclusion review Plus500
Plus500 is one of the very best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by using the user-friendly software. On Plus500 you can trade at low rates. You likewise have the opportunity to respond to changing market conditions by positioning orders on both fluctuating rates. Robinhood Vs Plus500.

Do you wish to discover how Plus500 works? Instantly open a complimentary demo-account by pressing the button below:

 

–>> Open Demo Account here <<–

79% of retail CFD accounts lose money