Plus500 Evaluation: our experience with this broker – Valentin Plus500
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to regulations), Forex and stocks. In this comprehensive review, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can respond to the latest market advancements at low rates. Valentin Plus500.
- At Plus500 you can hypothesize on cost developments at low rates.
- You can sell a comprehensive series of CFD shares.
- It is possible to attempt Plus500 free of charge with a demonstration.
- On Plus500 you can utilize the easy to use web trader.
- Plus500 offers its services in more than 30 different languages.
- On Plus500 you can begin trading from $100. Valentin Plus500.
- Plus500 does not supply sophisticated software application for professional traders.
- You can not discover comprehensive analyses within the platform.
- Plus500 client service is not readily available by phone.
- On Plus500 you can only sell CFDs.
Would you like to try the possibilities at Plus500 with a demo completely 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
We discuss the following topics in the Plus500 evaluation:
- Open account: how can you open an account with Plus500?
- Deposit money: how can you deposit and withdraw money?
- Expenses: how much does trading expense on Plus500?
- Functionalities: what are the possibilities of the software?
- Trading choices: in what securities you trade on Plus500?
- Assistance: what support do you get when trading?
- Costumer service: what is the quality of the costumer service? (costumer-service).
- Reliability: Is this broker dependable? (reliability).
- Info: more info about Plus500 (details).
- Conclusion: the verdict of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you need to first visit the Plus500 website. Click on this link * to open the Plus500 website. To develop a totally free demonstration account, you just need to choose an e-mail address and a password. It is also possible to log in with your Facebook or Google account. After you have actually left this details, you can instantly start trading. Valentin Plus500.
Plus500 accepts customers from a lot of nations. 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 evaluation, we for that reason give Plus500 a favorable ranking for opening an account. Valentin Plus500.
Deposit & withdraw cash
When you have ended up being knowledgeable about the Plus500 platform, you can switch to a real cash account at any time. The minimum deposit at Plus500 is $100. You can deposit cash into your account by using one of these methods:
- Bank transfer.
Before your deposit can be processed, you must confirm your identity. Plus500 needs to abide by legislation and can only receive validated clients. By confirming brand-new clients, Plus500 avoids clients from utilizing the account for cash laundering.
We’ve gone through the entire process and submitted the needed 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 process depends upon your individual scenario and can be different for each customer.
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 cash will be in your account within a few days. Valentin Plus500.
On Plus500 there are no additional costs for depositing and withdrawing cash. This is a big benefit of the broker Plus500: numerous other brokers charge a small charge for withdrawing money. Traders can make the most of up to 5 free withdrawals a month, after which a charge will be sustained.
–>> Open Demo Account here <<–
79% of retail CFD accounts lose money
Review of the expenses of Plus500
When you start trading with Plus500, you certainly do not want a big part of your cash to be lost to high deal expenses. In this part of the evaluation, we take an in-depth look at the charges of trading with Plus500. Listed below we quickly analyze which costs Plus500 passes on to its clients.
With Plus500 you pay a spread over every transaction. The spread is the distinction in between the buy and sell rate of a CFD. Plus500 provides two spread mechanisms for its instruments: Dynamic spread which is continuously changed according to the marketplace spread out during the period a position is open vs. a Spread which does not generally change in line with basic market changes while a position is open, however when the marketplace is unstable and illiquid, might alter to a brand-new level so that the underlying market conditions are better reflected. Nonetheless, Plus500 intends to offer the tightest possible spreads at all times. Valentin Plus500.
Forex expenses on Plus500
On Plus500 you can trade in different 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 extracted these data on the 2th of June 14:00.).
Cryptocurrency costs 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 reasonably advantageously charges in Bitcoin CFDs. At Plus500 you pay a spread of $36 at the time of writing while at eToro you pay more than $50 per contract. Trading cryptocurrencies is for that reason relatively useful at Plus500. (We have extracted these data on the 2th of June 14:00.).
Share costs on Plus500
At Plus500 you can also sell shares by utilizing CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which equates to 0.12% of the total value. Trading CFD Tesla shares is therefore possible at a low cost. (Please keep in mind that this is a photo on April 20, 2020 at 13:00.).
Funding costs 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 have 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 funding buy and the overnight funding sell expenses. In some cases, you actually receive a premium for brief positions. We compared Plus500 with other celebrations for this evaluation and the financing expenses were relatively low. Still, it is very important to keep in mind that Plus500 is not really appropriate for long-lasting trading because of the funding fees you have to pay on a daily basis. Valentin Plus500.
Other expenses on Plus500
We have actually extensively examined the costs for this review, and we have not found any bothersome hidden expenses. However, you must guarantee that you visit to the platform a minimum of once every 3 months. If you do not do this, expenses 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 sensible to withdraw the money from your account.
You can check all Charges here:
Plus500 is primarily compensated 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 means a market spread of 0.6 pips, in this example). Unlike other company who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Valentin Plus500.
The following extra fees may be used:
Overnight Financing – The over night funding quantity is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The overnight financing time and the everyday overnight funding 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 Charge will presently depend on 0.7% of the trade’s realised internet profit and loss and reflected in real time into the unrealised net earnings and loss of an employment opportunity.
Lack of exercise Fee – A charge of up to USD 10 per month will be levied, ought to you not log in to your trading account for a period of at least three months. This charge will be charged once a month from that minute onwards, as long as no login is made to the account. The lack of exercise fee will be equal to the lesser of the staying offered balance in your account or USD 10 (or equivalent depending upon your currency). This is to offset the cost incurred in making the service offered, despite the fact that it has actually not been used. Nevertheless, please note that the fee is just gathered from the Genuine Cash account and just when there are sufficient offered funds in the account. In order to avoid this cost, merely log into your trading account from time to time, as this is deemed adequate activity to prevent a fee from being charged.
Guaranteed Stop Order – if you pick this feature, please note that as it ensures that your position (trade) closes at a specific asked for rate (cost), the trade undergoes 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 short article about the expenses on Plus500, we take a closer take a look at the numerous expenses you pay when you trade with Plus500.
Software application & possibilities
When you begin trading, we comprehend that you obviously also want to utilize an excellent software package. With Plus500 trading is mainly done via the online WebTrader. A fantastic benefit of the WebTrader is the ease of access: you can visit to the platform at any time and from any place to open or close a position.
What stood out in our evaluation 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 consumers will therefore not need to search long for purchase & offer buttons on Plus500. Valentin Plus500.
Opening a trade
Opening a trade with Plus500 is rather simple. It is important to remember that with Plus500 you constantly trade in CFDs. With Plus500 you never ever straight sell a share. The only thing that determines your outcome is the difference between the price at which you open and close the position.
When you open a position, you have two options. You can buy 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 offer the CFD you get a positive outcome with a falling price. Given that you utilize leverage there is a high danger of losing cash quickly due to leverage.
The option to hypothesize on a decreasing price is a major benefit within the Plus500 platform. The choice to brief sell increases your flexibility and makes it possible to react to different market circumstances.
Kind of orders
With Plus500 you can immediately open an order. When you push buy or sell you will see the screen listed below:
In the order screen you can get in the amount you wish to trade with. You likewise have the alternative to automatically open or close the position after a certain cost has been reached. This makes it possible to secure you trades when you need to go out. Valentin Plus500.
It is likewise possible to put 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 achieve even 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 amount of money. Both your prospective profit and your potential loss boost when you use leverage. With each security you can right away see what the optimum take advantage of is that you can use.
The existence of an utilize is a benefit in the evaluation of Plus500. You can always choose to invest with smaller quantities if you wish to reduce your danger.
On Plus500 you can likewise trade with the mobile application they provide. The mobile application is less comprehensive than the WebTrader. You can carry out less comprehensive analyses with it. It is helpful to also set up the mobile application. With the app you can receive cautions when the price of a security reaches a certain value.
The mobile application is very easy to use and it is great to change your orders when market conditions change considerably. The mobile application is for that reason a strength in our review of the Plus500 platform.
Trading options at Plus500
In this part of the review we will talk about the different kinds of securities you can sell with Plus500.
With Plus500 you can sell CFDs on Forex. When you trade in Forex, you hypothesize on price modifications in currency sets. You can for example place a trade on the development of the euro versus the dollar.
On Plus500 you can likewise trade in an extensive variety of CFD shares. The shares are nicely sorted by nation, so you can quickly discover a share to trade.
It’s also possible to sell products by utilizing CFDs. The most popular product for trading is oil. You can often apply an optimum utilize of approximately 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 also trade in CFDs on alternatives. Choices frequently move highly: an option can sometimes rise or fall in value by tens of percent. With CFDs you can use a leverage of approximately 1:20 to choices, which further increases your potential gains or losses.
Indices or ETFs
On Plus500 you can likewise trade in 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 well-known cryptocurrencies. Cryptocurrencies are really volatile and it can for that reason be interesting to actively speculate on their cost advancements. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to policies”). Valentin Plus500.
Conclusion on the trading alternatives at Plus500
Plus500 has a large range of tradable CFD securities. Even fairly unknown regional stocks can typically be discovered on the Plus500 platform. This makes Plus500 an attractive broker for investors from all countries. My experience with Plus50 has actually for that reason been really favorable.
Support & research study
In this part of the evaluation, we investigate how Plus500 supports traders.
At Plus500 you can perform technical analyses on the graphs. Within the software you can use different drawing alternatives. You can draw horizontal levels to suggest price levels where the market typically relocates the opposing direction.
You can likewise add technical indicators on the chart. The range of technical indicators at Plus500 is enormous. You can pick from more than 100 different choices. It is smart to utilize technical signs. By using technical indications, you can perform better analyses.
The technical analysis alternatives within the Plus500 software are comprehensive. It is inconvenient that you can not save numerous graphs. This indicates that you need to duplicate the evaluates routinely. Professional financiers would have 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 study and education: at Plus500 these options are entirely missing out on. There are no courses or webinars offered at Plus500. This is a disadvantage for people who sign up with Plus500 to learn how to trade better.
It is useful that you receive a notification within the Plus500 software application when interesting advancements happen. When the cost of, for instance, oil falls greatly, you will receive an alert of this occasion. You can then decide for yourself whether you wish to take a position on the marketplace development. Valentin 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 essential data is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.
Plus500 has a thorough 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 contact customer care by means of live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be solved almost right away.
It is likewise possible to email Plus500. Mails are typically responded to within a day. It is a pity that no telephone number is offered. This makes it difficult to speak directly to somebody. Due to the quick processing time, Plus500 still ratings sufficiently in regards to customer service. Valentin Plus500.
Security & dependability
Before you deposit cash with a company, you naturally would like to know that it is completely safe to do so. In this part of the review, we look at how trustworthy Plus500 is.
Supervisors guarantee that brokers adhere to the guidelines. Plus500 is monitored by:
- Plus500UK Ltd licensed & regulated by the FCA (# 509909).
- Plus500CY Ltd authorized & regulated by the CySEC (# 250/14).
- Plus500SG Pte Ltd, accredited 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 supplier in South Africa, FSP # 47546.
Security of your deposits
Depending upon your nationality, you enjoy additional protection if Plus500 declares bankruptcy. This is done through a so-called investor protection fund. All client funds are kept in a segregated customer bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has likewise set numerous additional guidelines to make sure that your cash is as protected as possible on Plus500. Listed below you can find a summary of these measurements:
Plus500 will never ever hypothesize with consumers’ cash. All funds are kept in a different checking account, which indicates that this money is safe when unexpected things happen with Plus500. And finally, on Plus500 you are safeguarded against a negative balance, because he Unfavorable balance defense is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a residual financial obligation. Valentin Plus500.
Plus500 is 100% no rip-off. Plus500 securely manages client assets. The business is likewise supervised. Plus500 has actually been around considering that 2008 and is even noted on the London stock exchange. These are all great indications that Plus500 is dependable and we have actually pertained to that conclusion ourselves.
About the business
Plus500 was founded in 2008 and has grown strongly since then. Plus500 is active in more than 30 countries and served more than 200,000 active customers in 2019. Plus500 executed 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 several extra offices in other nations. Do you need to know more about the Plus500 business? In this post you will discover whatever you need to understand!
Conclusion review Plus500
Plus500 is among the 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 react to changing market conditions by positioning orders on both rising and falling costs. Valentin Plus500.
Do you want to discover how Plus500 works? Right away open a totally free demo-account by pushing the button below:
79% of retail CFD accounts lose money