My Plus500 Account

Plus500 Evaluation: our experience with this broker – My Plus500 Account
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to policies), Forex and stocks. In this comprehensive evaluation, we share our experiences with this broker. In our test, Plus500 emerged as an easy to use broker where you can respond to the current market developments at low rates. My Plus500 Account.

My Plus500 Account

Benefit Plus500

  • At Plus500 you can hypothesize 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 utilize the easy to use web trader.
  • Plus500 provides its services in more than 30 different languages.
  • On Plus500 you can begin trading from $100. My Plus500 Account.

 

Drawbacks Plus500

  • Plus500 does not supply advanced software for professional traders.
  • You can not find substantial analyses within the platform.
  • Plus500 customer care is not available by phone.
  • On Plus500 you can only trade in CFDs.

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

My Plus500 Account

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?
  • Expenses: 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?
  • Costumer service: what is the quality of the costumer service? (costumer-service).
  • Reliability: Is this broker dependable? (dependability).
  • Details: more info about Plus500 (info).
  • Conclusion: the decision of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you need to first visit the Plus500 site. Click here * to open the Plus500 website. To produce a free demonstration account, you simply need to choose an email address and a password. It is also possible to visit with your Facebook or Google account. After you have left this details, you can right away start trading. My Plus500 Account.

My Plus500 Account

Plus500 accepts clients from many nations. There are likewise nationalities 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 offer Plus500 a positive score for opening an account. My Plus500 Account.

 

Deposit & withdraw cash
When you have become familiar with the Plus500 platform, you can change to a genuine cash account at any time. The minimum deposit at Plus500 is $100. You can deposit money into your account by using among these methods:

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

Prior to your deposit can be processed, you should confirm your identity. Plus500 must adhere to legislation and can only receive validated customers. By confirming brand-new clients, Plus500 prevents clients from using the represent cash laundering.

My Plus500 Account

We’ve gone through the whole procedure and submitted the required documents. Our account was authorized and launched by Plus500 within an hour. After validating the identity of your account, you don’t have to do it once again. The length of this procedure depends on your personal circumstance and can be different for each costumer.

 

Withdraw money
You can withdraw the money into your account at any time. You can do this by transferring 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. My Plus500 Account.

My Plus500 Account

 

On Plus500 there are no extra costs for depositing and withdrawing cash. This is a huge benefit of the broker Plus500: many other brokers charge a little cost for withdrawing money. Traders can take advantage of up to 5 totally free withdrawals a month, after which a fee will be incurred.

My Plus500 Account

Review of the expenses of Plus500
When you start trading with Plus500, you certainly do not desire a big part of your cash to be lost to high deal costs. In this part of the evaluation, we take an in-depth take a look at the charges of trading with Plus500. Listed below we briefly analyze which costs Plus500 hands down to its customers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the difference between the buy and sell cost of a CFD. Plus500 provides two spread systems for its instruments: Dynamic spread which is constantly changed according to the marketplace spread out throughout the period a position is open vs. a Spread which does not usually change in line with general market variations while a position is open, however when the marketplace is volatile and illiquid, might change to a brand-new level so that the underlying market conditions are much better reflected. Plus500 intends to provide the tightest possible spreads at all times. My Plus500 Account.

 

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 deal fees on the pair of EUR/ USD. We compared these expenses with those of other suppliers 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 also trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade versus fairly advantageously charges 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 helpful at Plus500. (We have actually extracted these information on the 2th of June 14:00.).

 

Share expenses 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 overall 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 expenses at Plus500
With Plus500 you have the option 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 overnight financing buy and the overnight funding offer expenses. In many cases, you really receive a premium for short positions. We compared Plus500 with other celebrations for this review and the financing costs were fairly low. Still, it is very important to bear in mind that Plus500 is not very appropriate for long-term trading because of the funding costs you need to pay daily. My Plus500 Account.

 

Other expenses on Plus500
We have thoroughly examined the expenses for this evaluation, and we have not found any annoying covert expenses. You must guarantee that you log in to the platform at least when every 3 months. If you do not do this, costs for inactivity will be charged. This is the case with the majority of 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 inspect all Charges here:

Plus500 is generally 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 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. My Plus500 Account.

The following extra costs may be applied:

Overnight Funding – The overnight funding quantity is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”).
The overnight funding time and the day-to-day over night financing percentage can be found in the “Particulars” link next to the instrument’s name on the primary 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 Fee will currently depend on 0.7% of the trade’s understood web earnings and loss and shown in real time into the unrealised net profit and loss of an open position.

Lack of exercise Charge – A cost of up to USD 10 per month will be levied, need to you not log in to your trading account for a duration of a minimum of 3 months. This cost will be charged once a month from that moment onwards, as long as no login is made to the account. The inactivity fee will amount to the lesser of the remaining offered balance in your account or USD 10 (or equivalent depending on your currency). This is to balance out the cost sustained in making the service readily available, even though it has not been utilized. Nevertheless, please note that the fee is only collected from the Real Money account and only when there are sufficient readily available funds in the account. In order to avoid this cost, just log into your trading account from time to time, as this is deemed enough activity to prevent a cost from being charged.

Surefire Stop Order – if you pick this feature, 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 fees
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 post about the costs on Plus500, we take a closer take a look at the different expenses you pay when you trade with Plus500.

My Plus500 Account

Software & possibilities
When you begin trading, we comprehend that you obviously also wish to use a great software package. With Plus500 trading is generally done through the online WebTrader. A great benefit 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 stood apart in our review 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 therefore not need to search wish for purchase & offer buttons on Plus500. My Plus500 Account.

 

Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is very important to remember that with Plus500 you always trade in CFDs. With Plus500 you never ever directly trade in a share. The only thing that identifies your result is the distinction in between the rate at which you open and close the position.

When you open a position, you have two alternatives. You can buy the CFD or you can go short on the CFD. When you buy the CFD you get a favorable result with a rising price and when you offer the CFD you get a favorable result with a falling rate. Because you utilize take advantage of there is a high danger of losing cash rapidly due to leverage.

 

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

 

Type of orders
With Plus500 you can immediately open an order. When you press purchase or offer you will see the screen listed below:

My Plus500 Account

In the order screen you can get in the amount you wish to trade with. You also have the choice to immediately open or close the position after a certain cost has been reached. This makes it possible to safeguard you trades when you need to go out. My Plus500 Account.

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

My Plus500 Account

 

Leverage
With Plus500 you have the choice to apply a leverage. With a lever you can take a larger position with the very same quantity of cash. Both your potential revenue and your prospective loss boost when you use take advantage of. With each security you can instantly see what the optimum utilize is that you can use.

The existence of a leverage is a benefit in the evaluation of Plus500. You can always choose to invest with smaller quantities if you want to decrease your threat.

 

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 carry out less comprehensive analyses with it. However, it is useful to also set up the mobile application. With the app you can get cautions when the cost of a security reaches a certain worth.

The mobile application is extremely user-friendly and it is great to change your orders when market conditions alter considerably. The mobile application is therefore a strong point in our review of the Plus500 platform.

My Plus500 Account

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

Forex
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you hypothesize on cost changes in currency pairs. You can for instance place a trade on the advancement of the euro against the dollar.

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

Products
It’s likewise possible to trade in products by using CFDs. The most popular commodity for trading is oil. You can frequently use an optimum leverage of approximately 1:20 to investments in raw materials. When you trade in gold you can apply an utilize of 1:20.

Options
On Plus500 you can also sell CFDs on choices. Options often move highly: a choice can in some cases rise or fall in value by 10s of percent. With CFDs you can apply an utilize of approximately 1:20 to options, which further increases your prospective gains or losses.

Indices or ETFs
On Plus500 you can likewise 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 also trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are extremely unstable and it can therefore be interesting to actively hypothesize on their price developments. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument accessibility subject to regulations”). My Plus500 Account.


Conclusion on the trading options at Plus500

Plus500 has a wide range of tradable CFD securities. Even relatively unknown regional stocks can often 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 very positive.

 

Support & research study
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 application you can use various drawing options. You can draw horizontal levels to show price levels where the market often moves in the opposing direction.

My Plus500 Account

You can also add technical indicators on the graph. The variety of technical signs at Plus500 is huge. You can select from more than 100 different choices. It is a good idea to use technical signs. By utilizing technical signs, you can perform much better analyses.

My Plus500 Account

The technical analysis alternatives within the Plus500 software application are extensive. It is troublesome that you can not conserve multiple charts. This implies that you have to duplicate the evaluates routinely. Professional investors would need to download other programs to carry out more complex analyses.

 

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

It is useful that you receive a notification within the Plus500 software when interesting developments occur. When the rate 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. My Plus500 Account.

Within the Plus500 software application you can also see how other users trade in a security. By looking at the positions other traders take, you can see whether there are more buyers 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 viewpoint.

 

Customer care
Plus500 has a comprehensive and quick client service that is available in more than 30 languages. Your issues can be fixed rapidly in your language.

It is recommended to call customer care via live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be resolved nearly right away.

It is also possible to email Plus500. Mails are often addressed within a day. It is a pity that no phone number is readily available. This makes it impossible to speak straight to someone. Due to the fast processing time, Plus500 still ratings adequately in regards to customer care. My Plus500 Account.

My Plus500 Account

 

Security & reliability
Prior to you transfer money with a company, you naturally would like to know that it is completely protected to do so. In this part of the review, we look at how trusted Plus500 is.

Regulation
Supervisors ensure that brokers abide by the guidelines. Plus500 is supervised by:

  • Plus500UK Ltd authorized & regulated by the FCA (# 509909).
  • Plus500CY Ltd authorized & controlled 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), certified 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 on your nationality, you enjoy additional protection if Plus500 goes bankrupt. This is done through a so-called financier protection 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 actually also set several extra guidelines to make sure that your cash is as safe and secure as possible on Plus500. Below you can discover an introduction of these measurements:

My Plus500 Account

Plus500 will never speculate with consumers’ cash. All funds are kept in a different savings account, which means that this cash is safe and secure when unanticipated things occur with Plus500. And lastly, on Plus500 you are secured against a negative balance, due to the fact that he Negative balance defense is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never ever be left with a residual financial obligation. My Plus500 Account.

 

Conclusion reliability
Plus500 is 100% no fraud. Plus500 securely handles customer possessions. The company is likewise monitored. Plus500 has been around considering that 2008 and is even listed on the London stock exchange. These are all good indications that Plus500 is dependable and we have actually concerned that conclusion ourselves.

My Plus500 Account

About the business
Plus500 was founded in 2008 and has actually grown strongly since then. Plus500 is active in more than 30 nations and served more than 200,000 active customers in 2019. Plus500 performed over 35 million deals with a value of over $1,000 billion in one year. The headquarters of the company can be discovered in Israel, but they have opened several extra workplaces in other nations. Do you would like to know more about the Plus500 business? In this short article you will find everything you require to know!

My Plus500 Account

Conclusion review Plus500
Plus500 is one of the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by using the user-friendly software application. 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 prices. My Plus500 Account.

Do you wish to discover how Plus500 works? Right away open a free demo-account by pressing the button listed below: