Bitcoin Plus500

Plus500 Evaluation: our experience with this broker – Bitcoin Plus500
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to guidelines), 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 react to the current market developments at low rates. Bitcoin Plus500.

Bitcoin Plus500

Advantage Plus500

  • At Plus500 you can speculate on cost advancements at low rates.
  • You can trade in a comprehensive range of CFD shares.
  • It is possible to attempt Plus500 free of charge with a demo.
  • On Plus500 you can utilize the easy to use web trader.
  • Plus500 uses its services in more than 30 different languages.
  • On Plus500 you can start trading from $100. Bitcoin Plus500.

 

Disadvantages Plus500

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

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

Bitcoin Plus500

We go over the following subjects in the Plus500 review:

  • Open account: how can you open an account with Plus500?
  • Deposit money: how can you transfer and withdraw money?
  • Costs: how much does trading cost on Plus500?
  • Functionalities: what are the possibilities of the software?
  • Trading alternatives: in what securities you trade on Plus500?
  • Support: what support do you get when trading?
  • Client service: what is the quality of the client service? (costumer-service).
  • Reliability: Is this broker reliable? (reliability).
  • Information: more details about Plus500 (information).
  • Conclusion: the verdict of the Plus500 review (conclusion).

 

Opening an account with Plus500
To do this you must first visit the Plus500 site. Click on this link * to open the Plus500 site. To produce a totally free demo account, you simply 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 actually left this details, you can immediately begin trading. Bitcoin Plus500.

Bitcoin Plus500

Plus500 accepts consumers from most countries. Nevertheless, there are likewise citizenships 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 for that reason give Plus500 a positive score for opening an account. Bitcoin Plus500.

 

Deposit & withdraw cash
When you have actually become 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 transfer money into your account by using among these techniques:

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

Before your deposit can be processed, you must confirm your identity. Plus500 should adhere to legislation and can only get validated customers. By validating new costumers, Plus500 prevents costumers from using the account for cash laundering.

Bitcoin Plus500

We’ve gone through the whole process and published the needed files. Our account was approved and launched by Plus500 within an hour. After confirming the identity of your account, you don’t need to do it once again. The length of this process depends upon your individual scenario and can be different for each costumer.

 

Withdraw cash
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 few days. Bitcoin Plus500.

Bitcoin Plus500

 

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

Bitcoin Plus500

Review of the costs of Plus500
When you start trading with Plus500, you obviously do not desire a large part of your cash to be lost to high transaction expenses. In this part of the review, we take an in-depth take a look at the fees of trading with Plus500. Below we quickly analyze which costs Plus500 passes on to its customers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the difference between the buy and sell price of a CFD. Plus500 provides two spread systems for its instruments: Dynamic spread which is continuously changed according to the marketplace spread during the period a position is open vs. a Spread which does not normally change in line with basic market variations while a position is open, however when the market is volatile and illiquid, may alter to a brand-new level so that the underlying market conditions are better shown. Nonetheless, Plus500 intends to supply the tightest possible spreads at all times. Bitcoin Plus500.

 

Forex expenses on Plus500
On Plus500 you can sell different currency pairs. At the time of composing, you are paying 0.6 pips in deal charges on the pair of EUR/ USD. We compared these costs with those of other providers 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 sell cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade against fairly 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 advantageous at Plus500. (We have actually extracted these data on the 2th of June 14:00.).

 

Share costs on Plus500
At Plus500 you can also trade in 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 total worth. 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 option to trade on margin. Since you can trade on margin, you do not need to put in the total of the trading position yourself. You do have to pay a premium for this.

With each security you will see the overnight funding buy and the overnight financing sell costs. In many cases, you really get a premium for short positions. We compared Plus500 with other parties for this evaluation and the financing costs were relatively low. Still, it is very important to bear in mind that Plus500 is not really ideal for long-term trading because of the financing costs you have to pay daily. Bitcoin Plus500.

 

Other expenses on Plus500
We have extensively investigated the expenses for this evaluation, and we have actually not discovered any annoying concealed expenses. You must make sure that you log in to the platform at least once every 3 months. If you don’t do this, expenses 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 cash from your account.

 

You can check all Costs 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 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. Bitcoin Plus500.

The following additional charges may be applied:

Overnight Funding – The overnight financing quantity is either added to or subtracted from your account when holding a position after a particular time (the “Overnight Financing Time”).
The over night financing time and the everyday over night funding percentage can be discovered in the “Details” link next to the instrument’s name on the primary screen of the platform.

Currency Conversion Cost – 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 currently be up to 0.7% of the trade’s realised web revenue and loss and shown in real time into the unrealised net revenue and loss of an open position.

Lack of exercise Cost – A fee of approximately USD 10 each month will be imposed, should you not visit to your trading account for a duration of at least three months. This fee will be charged as soon as 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 equivalent depending upon your currency). This is to balance out the expense sustained in making the service available, despite the fact that it has actually not been used. Please note that the cost is only collected from the Genuine Money account and just when there are sufficient available 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 choose this function, please note that as it guarantees that your position (trade) closes at a specific asked for rate (cost), the trade is subject to a broader spread.

 

Conclusion Plus500 charges
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 article about the costs on Plus500, we take a closer take a look at the numerous expenses you pay when you trade with Plus500.

Bitcoin Plus500

Software application & possibilities
When you start trading, we understand that you naturally also want to utilize an excellent software package. With Plus500 trading is mainly done by means of the online WebTrader. A terrific advantage of the WebTrader is the ease of access: you can visit to the platform at any time and from any location 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 quickly find the CFD in which you wish to trade. New consumers will for that reason not need to search long for buy & sell buttons on Plus500. Bitcoin Plus500.

 

Opening a trade
Opening a trade with Plus500 is rather straightforward. It is very important to remember that with Plus500 you constantly trade in CFDs. With Plus500 you never directly sell a share. The only thing that identifies your result is the difference in between the cost 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 purchase the CFD you get a positive result with a rising cost and when you offer the CFD you get a positive result with a falling rate. Given that you use take advantage of there is a high threat of losing money quickly due to take advantage of.

 

The option to hypothesize on a declining rate 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 press buy or sell you will see the screen listed below:

Bitcoin Plus500

In the order screen you can enter the quantity you want to trade with. You also have the alternative to instantly open or close the position after a particular price has actually been reached. This makes it possible to secure you trades when you need to go out. Bitcoin Plus500.

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

Bitcoin Plus500

 

Leverage
With Plus500 you have the choice to apply an utilize. With a lever you can take a bigger position with the exact same amount of money. Both your prospective revenue and your prospective loss boost when you use take advantage of. With each security you can right away see what the optimum take advantage of is that you can apply.

The existence of an utilize is a benefit in the evaluation of Plus500. You can always choose to invest with smaller sized amounts if you wish to reduce your risk.

 

Mobile application
On Plus500 you can also trade with the mobile application they provide. The mobile application is less substantial than the WebTrader. You can perform less comprehensive analyses with it. It is helpful to also set up the mobile application. With the app you can receive cautions when the rate of a security reaches a particular worth.

The mobile application is really user-friendly and it is great to adjust your orders when market conditions change significantly. The mobile application is therefore a strong point in our evaluation of the Plus500 platform.

Bitcoin Plus500

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

Forex
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you hypothesize on cost modifications in currency pairs. You can for instance location a trade on the development of the euro versus the dollar.

Shares
On Plus500 you can likewise sell an extensive range of CFD shares. The shares are nicely sorted by country, so you can quickly discover a share to trade.

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

Options
On Plus500 you can likewise trade in CFDs on alternatives. Choices frequently move strongly: a choice can sometimes rise or fall in worth by 10s of percent. With CFDs you can apply an utilize of up to 1:20 to choices, which even more increases your possible gains or losses.

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


Cryptocurrencies

At Plus500 you can also trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are extremely unpredictable and it can therefore be interesting to actively hypothesize on their rate advancements. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to policies”). Bitcoin Plus500.


Conclusion on the trading options at Plus500

Plus500 has a wide range of tradable CFD securities. Even fairly unknown regional stocks can typically be found on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all nations. My experience with Plus50 has actually for that reason been really positive.

 

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

 

Technical analyses
At Plus500 you can carry out technical analyses on the graphs. Within the software you can utilize different drawing choices. You can draw horizontal levels to show price levels where the marketplace frequently moves in the opposing direction.

Bitcoin Plus500

You can likewise add technical signs on the graph. The range of technical signs at Plus500 is huge. You can choose from more than 100 various options. It is a good idea to use technical indications. By utilizing technical indications, you can perform better analyses.

Bitcoin Plus500

The technical analysis choices within the Plus500 software are comprehensive. It is inconvenient that you can not save multiple graphs. This implies that you need to duplicate the analyzes frequently. Professional investors would need to download other programs to perform more complex analyses.

 

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

It is useful that you get a notification within the Plus500 software when interesting developments happen. When the cost of, for example, oil falls greatly, you will receive a notice of this occasion. You can then decide on your own whether you wish to take a position on the market development. Bitcoin Plus500.

Within the Plus500 software application you can likewise 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 data is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our opinion.

 

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

It is recommended to call customer service via live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your problems can be resolved nearly immediately.

It is likewise possible to email Plus500. Mails are typically addressed within a day. It is a pity that no telephone number is readily available. This makes it impossible to speak straight to somebody. Due to the quick processing time, Plus500 still ratings sufficiently in regards to client service. Bitcoin Plus500.

Bitcoin Plus500

 

Security & reliability
Prior to you deposit money with a business, you naturally need to know that it is completely protected to do so. In this part of the review, we take a look at how dependable Plus500 is.

Regulation
Supervisors ensure that brokers stick to the guidelines. Plus500 is monitored by:

  • Plus500UK Ltd licensed & managed 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), licensed by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized monetary service provider in South Africa, FSP # 47546.

Security of your deposits
Depending upon your nationality, you take pleasure in additional protection if Plus500 goes bankrupt. This is done through a so-called investor protection fund. All client funds are held in a segregated customer bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has also set a number of extra rules to guarantee that your cash is as safe and secure as possible on Plus500. Below you can discover an introduction of these measurements:

Bitcoin Plus500

Plus500 will never speculate with consumers’ money. All funds are saved in a separate bank account, which implies that this money is secure when unforeseen things occur with Plus500. And finally, on Plus500 you are safeguarded against an unfavorable balance, since he Negative balance protection is a regulative requirement for all EU brokers. When you trade with Plus500, you can never be left with a recurring debt. Bitcoin Plus500.

 

Conclusion reliability
Plus500 is 100% no scam. Plus500 safely manages customer properties. The company is also supervised. Plus500 has been around since 2008 and is even noted on the London stock market. These are all good indicators that Plus500 is trustworthy and we have pertained to that conclusion ourselves.

Bitcoin Plus500

About the company
Plus500 was founded in 2008 and has grown strongly 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 company can be discovered in Israel, but they have actually opened several additional workplaces in other nations. Do you need to know more about the Plus500 company? In this article you will find whatever you need to understand!

Bitcoin Plus500

Conclusion evaluation 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 easy to use software. On Plus500 you can trade at low rates. You likewise have the opportunity to react to changing market conditions by putting orders on both fluctuating rates. Bitcoin Plus500.

Do you want to find how Plus500 works? Then right away open a free demo-account by pressing the button below: