Plus500 Review: our experience with this broker – Share.Com Plus500
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to policies), 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 react to the most recent market advancements at low rates. Share.Com Plus500.
- At Plus500 you can speculate on cost developments at low rates.
- You can trade in a substantial variety of CFD shares.
- It is possible to try Plus500 totally free with a demonstration.
- On Plus500 you can use the user-friendly web trader.
- Plus500 offers its services in more than 30 different languages.
- On Plus500 you can start trading from $100. Share.Com Plus500.
- Plus500 does not provide advanced software for expert traders.
- You can not discover comprehensive analyses within the platform.
- Plus500 customer care is not readily available by phone.
- On Plus500 you can only sell CFDs.
Would you like to try the possibilities at Plus500 with a demonstration entirely free of charge and without risk? Utilize the button listed below to open a demo account with this broker:
We go over 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 cash?
- Expenses: how much does trading cost on Plus500?
- Functionalities: what are the possibilities of the software?
- Trading options: in what securities you trade on Plus500?
- Assistance: what support do you receive when trading?
- Customer service: what is the quality of the client service? (costumer-service).
- Dependability: Is this broker reliable? (dependability).
- Info: more information about Plus500 (information).
- Conclusion: the verdict of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you should first check out the Plus500 website. Click on this link * to open the Plus500 site. To produce a complimentary demo account, you just need to choose an email 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 right away begin trading. Share.Com Plus500.
Plus500 accepts clients from most nations. There are likewise 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 review, we for that reason give Plus500 a positive rating for opening an account. Share.Com Plus500.
Deposit & withdraw cash
When you have actually become familiar with the Plus500 platform, you can switch to a real cash account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by utilizing among these methods:
- Bank transfer.
Prior to your deposit can be processed, you need to confirm your identity. Plus500 should adhere to legislation and can only get validated customers. By confirming new costumers, Plus500 prevents customers from utilizing the account for money laundering.
We’ve gone through the whole process and submitted the required files. Our account was approved and launched by Plus500 within an hour. After validating the identity of your account, you do not have to do it again. The length of this process depends on your personal situation and can be various for each costumer.
You can withdraw the cash into your account at any time. You can do this by transferring the money to your bank account or PayPal account. The transfer is made quickly and the money will remain in your account within a couple of days. Share.Com Plus500.
On Plus500 there are no additional expenses for transferring and withdrawing cash. This is a huge benefit of the broker Plus500: many other brokers charge a little cost for withdrawing cash. Traders can make the most of up to 5 totally free withdrawals a month, after which a fee will be incurred.
Evaluation of the costs of Plus500
When you begin trading with Plus500, you obviously do not want a large part of your money to be lost to high transaction costs. In this part of the review, we take a detailed look at the charges of trading with Plus500. Listed below we briefly analyze which costs Plus500 passes on to its consumers.
With Plus500 you pay a spread over every transaction. The spread is the distinction between the buy and sell price of a CFD. Plus500 provides 2 spread systems for its instruments: Dynamic spread which is continuously adjusted according to the market spread throughout the duration a position is open vs. a Spread which does not normally change in line with general market fluctuations while a position is open, however when the market is volatile and illiquid, may alter to a new level so that the underlying market conditions are much better shown. Plus500 intends to provide the tightest possible spreads at all times. Share.Com Plus500.
Forex expenses on Plus500
On Plus500 you can trade in various currency sets. At the time of writing, you are paying 0.6 pips in deal fees on the pair of EUR/ USD. We compared these costs with those of other providers and concluded that these expenses are comparable to those of other brokers. (We have actually extracted 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 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 contract. Trading cryptocurrencies is therefore reasonably 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 currently pay a spread of $ 0.95, which corresponds to 0.12% of the overall value. Trading CFD Tesla shares is therefore possible at a low cost. (Please note that this is a snapshot on April 20, 2020 at 13:00.).
Financing expenses at Plus500
With Plus500 you have the choice to trade on margin. Due to the fact that you can trade on margin, you do not need 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 over night financing buy and the over night funding sell expenses. In many cases, you really receive a premium for short positions. We compared Plus500 with other parties for this evaluation and the financing costs were reasonably low. Still, it is necessary to remember that Plus500 is not very ideal for long-term trading because of the financing charges you need to pay on a daily basis. Share.Com Plus500.
Other expenses on Plus500
We have thoroughly investigated the costs for this evaluation, and we have not found any annoying surprise expenses. However, you must guarantee that you visit to the platform a minimum of when every three months. If you don’t do this, costs for lack of exercise will be charged. This is the case with most brokers.
Do you have an account with Plus500 and are you not preparing to trade for a while? It is wise to withdraw the cash from your account.
You can check all Fees here:
Plus500 is primarily 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 implies 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. Share.Com Plus500.
The following additional fees might be used:
Overnight Financing – The overnight funding quantity is either contributed to or subtracted from your account when holding a position after a particular time (the “Overnight Financing Time”).
The overnight funding time and the day-to-day over night financing 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 Fee for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Charge will currently be up to 0.7% of the trade’s realised net revenue and loss and reflected in real time into the unrealised net revenue and loss of an open position.
Inactivity Cost – A fee of as much as USD 10 each month will be imposed, need to you not log in to your trading account for a duration of at least three months. This fee will be charged as soon as a month from that moment onwards, as long as no login is made to the account. The lack of exercise fee will amount to the lesser of the remaining readily available balance in your account or USD 10 (or equivalent depending upon your currency). This is to balance out the cost sustained in making the service available, despite the fact that it has actually not been used. Please note that the cost is only gathered from the Genuine Money account and just when there are adequate readily available funds in the account. In order to avoid this charge, simply log into your trading account from time to time, as this is considered 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 particular asked for rate (price), the trade goes through a wider spread.
Conclusion Plus500 charges
The costs 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 article about the costs on Plus500, we take a closer take a look at the various expenses you pay when you trade with Plus500.
Software application & possibilities
When you start trading, we understand that you of course also wish to utilize an excellent software package. With Plus500 trading is mainly 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 place to open or close a position.
What stuck out in our review was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can quickly discover the CFD in which you want to trade. New clients will for that reason not have to search long for buy & offer buttons on Plus500. Share.Com Plus500.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is essential to remember that with Plus500 you always sell CFDs. With Plus500 you never ever directly sell a share. The only thing that determines your outcome is the difference in between the cost at which you open and close the position.
When you open a position, you have two alternatives. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a positive result with a rising price and when you offer the CFD you get a favorable outcome with a falling rate. Given that you use take advantage of there is a high threat of losing cash rapidly due to utilize.
The option to speculate on a declining cost is a significant benefit within the Plus500 platform. The option to short sell increases your versatility and makes it possible to react to various market circumstances.
Kind of orders
With Plus500 you can immediately open an order. When you push buy or offer you will see the screen below:
In the order screen you can get in the quantity you wish to trade with. You likewise have the choice 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 have to go out. Share.Com Plus500.
It is also possible to place an order with Plus500. You do this by going into a price at which you immediately open the CFD position. By using orders, you can attain even much better trading results.
Take advantage of
With Plus500 you have the alternative to use a take advantage of. With a lever you can take a bigger position with the very same amount of money. Both your potential profit and your potential loss increase when you use take advantage of. With each security you can right away see what the optimum leverage is that you can apply.
The existence of a leverage is a benefit in the review of Plus500. You can always choose to invest with smaller sized amounts if you wish to decrease 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 perform less substantial analyses with it. It is helpful to likewise set up the mobile application. With the app you can get warnings when the cost of a security reaches a specific worth.
The mobile application is very user-friendly and it is good to change your orders when market conditions alter significantly. The mobile application is for that reason a strength in our evaluation of the Plus500 platform.
Trading choices at Plus500
In this part of the review we will discuss the different types of securities you can trade in with Plus500.
With Plus500 you can sell CFDs on Forex. When you trade in Forex, you speculate on price modifications in currency sets. You can for example place a trade on the advancement of the euro versus the dollar.
On Plus500 you can also trade in a substantial variety of CFD shares. The shares are neatly sorted by nation, so you can rapidly find a share to trade.
It’s likewise possible to sell commodities by utilizing CFDs. The most popular product for trading is oil. You can often use a maximum leverage of approximately 1:20 to investments in basic materials. When you sell gold you can use a leverage of 1:20.
On Plus500 you can also sell CFDs on choices. Choices frequently move highly: a choice can in some cases increase or fall in value by tens of percent. With CFDs you can use a leverage of as much as 1:20 to choices, which further increases your possible gains or losses.
Indices or ETFs
On Plus500 you can likewise 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 well-known cryptocurrencies. Cryptocurrencies are very unstable and it can for that reason be interesting to actively speculate on their cost developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to guidelines”). Share.Com Plus500.
Conclusion on the trading alternatives at Plus500
Plus500 has a large range of tradable CFD securities. Even fairly unknown local stocks can typically be discovered on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all nations. My experience with Plus50 has actually therefore been really favorable.
Assistance & research study
In this part of the evaluation, we investigate how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the graphs. Within the software application you can utilize different drawing alternatives. You can draw horizontal levels to suggest price levels where the market often relocates the opposing direction.
You can likewise include technical indications on the chart. The series of technical signs at Plus500 is enormous. You can select from more than 100 various alternatives. It is smart to use technical indications. By utilizing technical indicators, you can carry out better analyses.
The technical analysis choices within the Plus500 software are substantial. It is troublesome that you can not conserve numerous graphs. This indicates that you need to duplicate the evaluates routinely. Professional financiers would need to download other programs to perform more complex analyses.
Research and education
In this evaluation we can be fast about the possibilities of research and education: at Plus500 these alternatives are totally missing out on. There are no courses or webinars readily available at Plus500. This is a downside for individuals who sign up with Plus500 to learn how to trade much better.
It is useful that you get an alert within the Plus500 software when fascinating developments take place. When the rate of, for instance, oil falls greatly, you will receive a notice of this occasion. You can then choose on your own whether you wish to take a position on the marketplace advancement. Share.Com Plus500.
Within the Plus500 software you can also see how other users sell a security. By looking 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 opinion.
Plus500 has a thorough and fast customer support that is available in more than 30 languages. Your problems can be solved quickly in your language.
It is suggested to call 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 fixed practically instantly.
It is likewise possible to email Plus500. Mails are frequently answered within a day. It is a pity that no telephone number is offered. This makes it difficult to speak straight to someone. Due to the quick processing time, Plus500 still scores adequately in regards to customer support. Share.Com Plus500.
Security & dependability
Prior to you deposit cash with a company, you naturally wish to know that it is entirely protected to do so. In this part of the evaluation, we take a look at how reliable Plus500 is.
Supervisors make sure that brokers stick to the rules. Plus500 is monitored by:
- Plus500UK Ltd licensed & managed by the FCA (# 509909).
- Plus500CY Ltd licensed & regulated 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 monetary supplier in South Africa, FSP # 47546.
Security of your deposits
Depending on your citizenship, you enjoy extra protection if Plus500 goes bankrupt. This is done through a so-called financier protection 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 guarantee that your cash is as secure as possible on Plus500. Below you can find an overview of these measurements:
Plus500 will never ever speculate with customers’ cash. All funds are kept in a different savings account, which implies that this cash is secure when unforeseen things happen with Plus500. And last but not least, on Plus500 you are secured against a negative balance, since he Negative balance security is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted to a recurring financial obligation. Share.Com Plus500.
Plus500 is 100% no scam. Plus500 securely manages client assets. The company is likewise supervised. Plus500 has been around because 2008 and is even listed on the London stock market. These are all excellent indications that Plus500 is reliable and we have pertained to that conclusion ourselves.
About the business
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 executed over 35 million transactions with a worth of over $1,000 billion in one year. The headquarters of the company can be found in Israel, however they have actually opened several extra offices in other nations. Do you wish to know more about the Plus500 business? In this article you will find whatever you require to understand!
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 utilizing the user-friendly software. On Plus500 you can trade at low rates. You also have the chance to react to changing market conditions by placing orders on both rising and falling rates. Share.Com Plus500.
Do you wish to discover how Plus500 works? Then right away open a complimentary demo-account by pushing 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