Plus500 Review: our experience with this broker – Plus500 Annual Report 2013
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument accessibility subject to policies), 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 advancements at low rates. Plus500 Annual Report 2013.
Plus500 Annual Report 2013
- At Plus500 you can speculate on price advancements at low rates.
- You can sell a substantial variety of CFD shares.
- It is possible to try Plus500 for free with a demo.
- On Plus500 you can utilize the user-friendly web trader.
- Plus500 offers its services in more than 30 various languages.
- On Plus500 you can begin trading from $100. Plus500 Annual Report 2013.
- Plus500 does not provide advanced software application for expert traders.
- You can not find substantial analyses within the platform.
- Plus500 customer service is not available by phone.
- On Plus500 you can just sell CFDs.
Would you like to attempt the possibilities at Plus500 with a demonstration entirely free of charge and without risk? Utilize the button below to open a demo account with this broker:
Plus500 Annual Report 2013
We go over 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?
- Costs: how much does trading cost on Plus500?
- Performances: what are the possibilities of the software application?
- Trading alternatives: in what securities you trade on Plus500?
- Support: what support do you receive when trading?
- Costumer service: what is the quality of the costumer service? (costumer-service).
- Reliability: Is this broker trustworthy? (dependability).
- Information: more details about Plus500 (details).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you need to first visit the Plus500 website. Click here * to open the Plus500 site. To develop a complimentary demo account, you just need to select an e-mail address and a password. It is likewise possible to log in with your Facebook or Google account. After you have actually left this information, you can right away begin trading. Plus500 Annual Report 2013.
Plus500 accepts consumers from most nations. There are likewise citizenships that are not confessed 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 therefore offer Plus500 a positive score for opening an account. Plus500 Annual Report 2013.
Deposit & withdraw money
When you have ended up being knowledgeable about the Plus500 platform, you can switch to a genuine money account at any time. The minimum deposit at Plus500 is $100. You can deposit money into your account by utilizing one of these approaches:
- Bank transfer.
Before your deposit can be processed, you should validate your identity. Plus500 must adhere to legislation and can just receive validated clients. By verifying brand-new clients, Plus500 prevents customers from utilizing the represent money laundering.
We have actually gone through the entire procedure and submitted the needed documents. Our account was approved and launched by Plus500 within an hour. After verifying the identity of your account, you do not need to do it once again. The length of this procedure depends upon your individual scenario and can be different for each customer.
You can withdraw the cash into your account at any time. You can do this by transferring the money to your checking account or PayPal account. The transfer is made quickly and the money will remain in your account within a few days. Plus500 Annual Report 2013.
On Plus500 there are no extra expenses for depositing and withdrawing money. This is a huge benefit of the broker Plus500: many other brokers charge a little cost for withdrawing cash. Traders can take advantage of up to 5 free withdrawals a month, after which a cost will be incurred.
Plus500 Annual Report 2013
Review of the expenses of Plus500
When you start trading with Plus500, you clearly do not desire a big part of your cash to be lost to high transaction expenses. In this part of the review, we take a comprehensive look at the charges of trading with Plus500. Below we briefly analyze which costs Plus500 hands down to its customers.
With Plus500 you pay a spread over every transaction. The spread is the distinction between the buy and sell rate of a CFD. Plus500 offers two spread systems for its instruments: Dynamic spread which is constantly changed according to the market spread during the duration a position is open vs. a Spread which does not typically change in line with basic market changes 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 better reflected. Plus500 intends to provide the tightest possible spreads at all times. Plus500 Annual Report 2013.
Forex costs on Plus500
On Plus500 you can sell different currency sets. At the time of writing, you are paying 0.6 pips in transaction costs on the pair of EUR/ USD. We compared these expenses with those of other providers and concluded that these costs are comparable to those of other brokers. (We have actually extracted these information on the 2th of June 14:00.).
Cryptocurrency expenses on Plus500
On Plus500 you can likewise trade in cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade against relatively 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 actually drawn out these data on the 2th of June 14:00.).
Share expenses on Plus500
At Plus500 you can likewise sell shares by using CFDs. As an example: For the CFD share Tesla you presently pay a spread of $ 0.95, which relates to 0.12% of the total worth. 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.).
Funding expenses at Plus500
With Plus500 you have the choice to trade on margin. Since you can trade on margin, you do not have 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 over night 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 keep in mind that Plus500 is not really suitable for long-term trading because of the financing charges you need to pay every day. Plus500 Annual Report 2013.
Other costs on Plus500
We have thoroughly investigated the expenses for this evaluation, and we have not found any bothersome concealed expenses. However, you should ensure that you visit to the platform a minimum of when every three months. If you don’t do this, costs for inactivity 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? Then it is wise to withdraw the money from your account.
You can examine all Fees here:
Plus500 is generally compensated 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 indicates a market spread of 0.6 pips, in this example). Unlike other provider who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Annual Report 2013.
The following additional costs might be applied:
Overnight Funding – The overnight funding amount is either added to or subtracted from your account when holding a position after a particular time (the “Overnight Funding Time”).
The overnight financing time and the day-to-day overnight funding percentage can be discovered in the “Particulars” link beside the instrument’s name on the primary screen of the platform.
Currency Conversion Fee – Plus500 will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account.
The Currency Conversion Fee will currently depend on 0.7% of the trade’s understood net profit and loss and shown in real time into the unrealised net revenue and loss of an open position.
Inactivity Cost – A charge of approximately USD 10 each month will be levied, need to you not visit to your trading account for a duration of a minimum of 3 months. This fee will be charged once 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 expense sustained in making the service available, although it has not been used. Please note that the charge is just gathered from the Real Cash account and only when there are enough offered 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 charge from being charged.
Guaranteed Stop Order – if you select this function, please note that as it guarantees that your position (trade) closes at a specific asked for rate (price), the trade undergoes a wider spread.
Conclusion Plus500 fees
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 post about the expenses on Plus500, we take a closer look at the various costs you pay when you trade with Plus500.
Plus500 Annual Report 2013
Software & possibilities
When you start trading, we comprehend that you naturally also want to utilize a great software package. With Plus500 trading is primarily done through the online WebTrader. A terrific advantage of the WebTrader is the accessibility: you can visit to the platform at any time and from any place to open or close a position.
What stood out in our review was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can rapidly find the CFD in which you wish to trade. New consumers will for that reason not have to search wish for purchase & sell buttons on Plus500. Plus500 Annual Report 2013.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is necessary to remember that with Plus500 you constantly trade in CFDs. With Plus500 you never ever directly trade in a share. The only thing that determines your outcome is the distinction 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 favorable result with an increasing cost and when you offer the CFD you get a positive result with a falling cost. Since you use take advantage of there is a high danger of losing money quickly due to utilize.
The option to hypothesize on a declining cost is a major advantage within the Plus500 platform. The option to brief sell increases your flexibility and makes it possible to respond to different market circumstances.
Type of orders
With Plus500 you can right away open an order. When you press buy or sell you will see the screen listed below:
In the order screen you can enter the amount you want to trade with. You also have the alternative to automatically open or close the position after a particular price has actually been reached. This makes it possible to secure you trades when you have to go out. Plus500 Annual Report 2013.
It is also possible to place an order with Plus500. You do this by entering a price at which you instantly open the CFD position. By utilizing orders, you can attain even better trading results.
With Plus500 you have the option to use an utilize. With a lever you can take a larger position with the same quantity of money. Both your possible revenue and your potential loss boost when you apply take advantage of. With each security you can instantly see what the maximum take advantage of is that you can apply.
The presence of a leverage is a benefit in the review of Plus500. You can constantly choose to invest with smaller sized quantities if you wish to reduce your risk.
On Plus500 you can also trade with the mobile application they provide. The mobile application is less comprehensive than the WebTrader. You can perform less extensive analyses with it. It is helpful to likewise install the mobile application. With the app you can get warnings when the rate of a security reaches a specific worth.
The mobile application is very easy to use and it is excellent to adjust your orders when market conditions alter substantially. The mobile application is therefore a strong point in our evaluation of the Plus500 platform.
Plus500 Annual Report 2013
Trading alternatives at Plus500
In this part of the review we will talk about the different kinds of securities you can trade in with Plus500.
With Plus500 you can sell CFDs on Forex. When you sell Forex, you speculate on cost changes in currency sets. You can for example place a trade on the development of the euro versus the dollar.
On Plus500 you can also trade in a substantial series of CFD shares. The shares are nicely arranged by country, so you can rapidly find a share to trade.
It’s also possible to sell commodities by utilizing CFDs. The most popular commodity for trading is oil. You can frequently apply an optimum utilize of approximately 1:20 to financial investments in raw materials. When you sell gold you can apply a leverage of 1:20.
On Plus500 you can also sell CFDs on options. Alternatives typically move highly: a choice can often rise or fall in worth by tens of percent. With CFDs you can use a leverage of approximately 1:20 to alternatives, which further increases your possible gains or losses.
Indices or ETFs
On Plus500 you can likewise trade in CFDs on popular indexes or ETFs. You can for instance trade in 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 therefore be interesting to actively speculate on their cost developments. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument schedule subject to regulations”). Plus500 Annual Report 2013.
Conclusion on the trading options at Plus500
Plus500 has a large range of tradable CFD securities. Even fairly unidentified local stocks can frequently be found on the Plus500 platform. This makes Plus500 an appealing broker for investors from all countries. My experience with Plus50 has therefore been extremely favorable.
Support & research study
In this part of the review, we examine how Plus500 supports traders.
At Plus500 you can perform technical analyses on the graphs. Within the software you can utilize various illustration choices. You can draw horizontal levels to suggest price levels where the marketplace frequently relocates the opposing instructions.
You can likewise add technical signs on the chart. The range of technical indications at Plus500 is huge. You can choose from more than 100 different alternatives. It is wise to use technical indications. By utilizing technical indicators, you can perform much better analyses.
The technical analysis options within the Plus500 software are comprehensive. It is troublesome that you can not conserve multiple graphs. This means that you have to duplicate the analyzes routinely. Professional investors would have to download other programs to perform more complex analyses.
Research and education
In this evaluation we can be fast about the possibilities of research study and education: at Plus500 these choices are completely 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 better.
It is useful that you get a notification within the Plus500 software application when interesting advancements occur. When the rate of, for example, oil falls sharply, you will receive a notice of this event. You can then decide for yourself whether you wish to take a position on the marketplace development. Plus500 Annual Report 2013.
Within the Plus500 software application you can also see how other users sell a security. By taking a look at the positions other traders take, you can see whether there are more buyers or sellers. Other essential data is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.
Plus500 has a thorough and quick customer service that is readily available in more than 30 languages. Your issues can be resolved quickly in your language.
It is suggested to call customer service via live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be resolved practically right away.
It is also possible to email Plus500. Mails are typically addressed within a day. It is a pity that no phone number is readily available. This makes it difficult to speak straight to someone. Due to the quick processing time, Plus500 still ratings sufficiently in terms of customer service. Plus500 Annual Report 2013.
Security & dependability
Prior to you deposit cash with a company, you naturally want to know that it is completely secure to do so. In this part of the review, we look at how reliable Plus500 is.
Supervisors ensure that brokers stick to the rules. Plus500 is monitored by:
- Plus500UK Ltd licensed & regulated by the FCA (# 509909).
- Plus500CY Ltd authorized & managed 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), certified by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized monetary provider in South Africa, FSP # 47546.
Security of your deposits
Depending on your nationality, you delight in additional security if Plus500 goes bankrupt. This is done through a so-called investor protection fund. All customer funds are held in a segregated client bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has also set several extra guidelines to ensure that your money is as safe as possible on Plus500. Below you can discover an overview of these measurements:
Plus500 will never hypothesize with customers’ cash. All funds are saved in a separate bank account, which means that this money is secure when unforeseen things happen with Plus500. And finally, on Plus500 you are protected against a negative balance, because he Negative balance security is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a recurring financial obligation. Plus500 Annual Report 2013.
Plus500 is 100% no fraud. Plus500 securely handles consumer assets. The business is likewise monitored. Plus500 has been around since 2008 and is even noted on the London stock market. These are all great indications that Plus500 is reliable and we have actually come to that conclusion ourselves.
Plus500 Annual Report 2013
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 consumers in 2019. Plus500 carried out 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 opened a number of extra workplaces in other countries. Do you need to know more about the Plus500 company? In this short article you will discover everything you need to understand!
Conclusion evaluation Plus500
Plus500 is among 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 respond to changing market conditions by placing orders on both rising and falling rates. Plus500 Annual Report 2013.
Do you want to find how Plus500 works? Immediately open a free demo-account by pressing the button below: