Plus500 Contact Support

Plus500 Evaluation: our experience with this broker – Plus500 Contact Support
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to regulations), Forex and stocks. In this substantial evaluation, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can respond to the latest market advancements at low rates. Plus500 Contact Support.

Plus500 Contact Support

Advantage Plus500

  • At Plus500 you can speculate on cost advancements at low rates.
  • You can trade in a comprehensive variety of CFD shares.
  • It is possible to try Plus500 free of charge with a demo.
  • On Plus500 you can use the easy to use web trader.
  • Plus500 provides its services in more than 30 various languages.
  • On Plus500 you can begin trading from $100. Plus500 Contact Support.

 

Downsides Plus500

  • Plus500 does not offer advanced software application for professional traders.
  • You can not discover substantial analyses within the platform.
  • Plus500 customer service is not offered 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 listed below to open a demo account with this broker:

Plus500 Contact Support

We go over the following topics in the Plus500 review:

  • Open account: how can you open an account with Plus500?
  • Deposit money: how can you deposit and withdraw cash?
  • 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 assistance do you get when trading?
  • Costumer service: what is the quality of the client service? (costumer-service).
  • Reliability: Is this broker reputable? (reliability).
  • Information: more info about Plus500 (info).
  • Conclusion: the decision of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you need to initially go to the Plus500 website. Click here * to open the Plus500 website. To create a free demonstration account, you simply need to pick an e-mail address and a password. It is also possible to visit with your Facebook or Google account. After you have actually left this details, you can right away start trading. Plus500 Contact Support.

Plus500 Contact Support

Plus500 accepts customers from most countries. There are also 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 therefore offer Plus500 a positive rating for opening an account. Plus500 Contact Support.

 

Deposit & withdraw money
When you have ended up being knowledgeable about the Plus500 platform, you can switch to a real money account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by using among these methods:

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

Prior to your deposit can be processed, you need to validate your identity. Plus500 must comply with legislation and can only receive confirmed clients. By validating new customers, Plus500 prevents costumers from using the account for money laundering.

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We have actually gone through the entire procedure and uploaded the required files. Our account was approved and launched by Plus500 within an hour. After verifying the identity of your account, you do not have to do it again. The length of this procedure depends upon your personal situation and can be different for each customer.

 

Withdraw money
You can withdraw the money 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 rapidly and the cash will be in your account within a few days. Plus500 Contact Support.

Plus500 Contact Support

 

On Plus500 there are no additional expenses 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 make the most of as much as 5 free withdrawals a month, after which a cost will be incurred.

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Review of the expenses of Plus500
When you start trading with Plus500, you undoubtedly do not desire a large part of your money to be lost to high deal expenses. In this part of the review, we take a detailed look at the charges 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 in between the buy and sell price of a CFD. Plus500 provides two spread mechanisms for its instruments: Dynamic spread which is constantly adjusted according to the market spread during the duration a position is open vs. a Spread which does not usually alter in line with general market variations while a position is open, however when the market is volatile and illiquid, may change to a brand-new level so that the underlying market conditions are better shown. Plus500 intends to offer the tightest possible spreads at all times. Plus500 Contact Support.

 

Forex expenses on Plus500
On Plus500 you can trade in different currency sets. At the time of composing, you are paying 0.6 pips in deal charges on the pair of EUR/ USD. We compared these expenses with those of other service providers and concluded that these expenses are comparable to those of other brokers. (We have drawn out these information 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 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 contract. Trading cryptocurrencies is therefore fairly advantageous at Plus500. (We have actually extracted these data on the 2th of June 14:00.).

 

Share costs on Plus500
At Plus500 you can likewise sell shares by utilizing CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which relates to 0.12% of the total value. Trading CFD Tesla shares is for that reason possible at a low cost. (Please note that this is a picture on April 20, 2020 at 13:00.).

 

Funding costs at Plus500
With Plus500 you have the alternative to trade on margin. Since you can trade on margin, you do not need to put in the total of the trading position yourself. However, 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 offer expenses. In some cases, you in fact receive a premium for brief positions. We compared Plus500 with other parties for this review and the funding costs were fairly low. Still, it is essential to remember that Plus500 is not very suitable for long-lasting trading because of the funding costs you have to pay on a daily basis. Plus500 Contact Support.

 

Other expenses on Plus500
We have actually thoroughly examined the costs for this review, and we have actually not discovered any bothersome hidden costs. You must make sure that you log in to the platform at least once every 3 months. If you do not do this, expenses for lack of exercise will be charged. This holds true 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 mainly made up for its services through the “market spread”. For example, 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 provider who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Contact Support.

However, the following extra fees may be applied:

Overnight Funding – 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 day-to-day over night financing portion can be found in the “Details” 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 various to the currency of your account.
The Currency Conversion Charge will presently depend on 0.7% of the trade’s realised net earnings and loss and reflected in real time into the unrealised net earnings and loss of an open position.

Lack of exercise Fee – A cost of approximately USD 10 monthly will be levied, should 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 inactivity cost will amount to the lesser of the remaining offered balance in your account or USD 10 (or comparable depending on your currency). This is to offset the cost incurred in making the service offered, although it has not been used. Please note that the fee is only collected from the Genuine Money account and only when there are adequate offered 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 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 particular requested rate (price), the trade goes through a broader spread.

 

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

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Software & possibilities
When you begin trading, we understand that you of course also want to use a great software package. With Plus500 trading is generally done by means of the online WebTrader. An excellent benefit 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 out in our evaluation 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 wish to trade. New customers will for that reason not need to search wish for buy & sell buttons on Plus500. Plus500 Contact Support.

 

Opening a trade
Opening a trade with Plus500 is rather simple. It is important to keep in mind 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 between the price at which you open and close the position.

When you open a position, you have 2 alternatives. You can buy the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable outcome with an increasing cost and when you offer the CFD you get a favorable outcome with a falling rate. Because you use leverage there is a high risk of losing money rapidly due to utilize.

 

The choice to speculate on a decreasing price is a major advantage within the Plus500 platform. The choice to short sell increases your flexibility and makes it possible to react to different market circumstances.

 

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

Plus500 Contact Support

In the order screen you can go into the quantity you wish to trade with. You likewise have the alternative to automatically open or close the position after a particular cost has actually been reached. This makes it possible to protect you trades when you need to go out. Plus500 Contact Support.

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

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Utilize
With Plus500 you have the alternative to use a leverage. With a lever you can take a bigger position with the very same amount of money. Both your prospective revenue and your potential loss increase when you use utilize. With each security you can right away see what the optimum leverage is that you can apply.

The existence of a leverage is an advantage in the review of Plus500. You can constantly choose to invest with smaller amounts if you want to decrease your threat.

 

Mobile application
On Plus500 you can likewise trade with the mobile application they provide. The mobile application is less comprehensive than the WebTrader. You can perform less extensive analyses with it. Nonetheless, it is useful to also set up the mobile application. With the app you can get cautions when the rate of a security reaches a certain value.

The mobile application is very easy to use and it is good to change your orders when market conditions alter significantly. The mobile application is therefore a strength in our review of the Plus500 platform.

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Trading options at Plus500
In this part of the evaluation we will talk about the various types of securities you can sell with Plus500.

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

Shares
On Plus500 you can likewise trade in a substantial variety of CFD shares. The shares are nicely sorted by nation, so you can rapidly discover a share to trade.

Commodities
It’s also possible to trade in products by utilizing CFDs. The most popular commodity for trading is oil. You can frequently apply an optimum utilize of as much as 1:20 to financial investments in raw materials. When you sell gold you can apply a leverage of 1:20.

Options
On Plus500 you can likewise sell CFDs on alternatives. Alternatives typically move strongly: a choice can sometimes rise or fall in value by 10s of percent. With CFDs you can apply an utilize of up to 1:20 to options, which further increases your potential gains or losses.

Indices or ETFs
On Plus500 you can also trade in CFDs on popular indexes or ETFs. You can for instance trade in the Dow Jones or NASDAQ index trackers.


Cryptocurrencies

At Plus500 you can also trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are really unstable and it can therefore be interesting to actively hypothesize on their price developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to policies”). Plus500 Contact Support.


Conclusion on the trading choices at Plus500

Plus500 has a wide range of tradable CFD securities. Even reasonably unidentified local stocks can frequently be found on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all countries. My experience with Plus50 has for that reason been extremely positive.

 

Support & research
In this part of the review, we investigate how Plus500 supports traders.

 

Technical analyses
At Plus500 you can carry out technical analyses on the charts. Within the software you can utilize different drawing choices. You can draw horizontal levels to indicate price levels where the market frequently relocates the opposing instructions.

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You can likewise include technical indications on the graph. The variety of technical signs at Plus500 is enormous. You can choose from more than 100 various options. It is a good idea to use technical indications. By utilizing technical indicators, you can execute better analyses.

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The technical analysis options within the Plus500 software application are extensive. It is troublesome that you can not save numerous graphs. This suggests that you have to duplicate the evaluates frequently. Expert investors would have to download other programs to perform more complex analyses.

 

Research and education
In this review we can be fast about the possibilities of research study and education: at Plus500 these options 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 find out how to trade better.

It works that you receive a notice within the Plus500 software application when interesting advancements take place. When the rate of, for example, oil falls greatly, you will receive a notice of this occasion. You can then choose for yourself whether you wish to take a position on the market development. Plus500 Contact Support.

Within the Plus500 software 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 basic information is missing with Plus500 platform. Plus500 does not score well in the field of research study and education in our opinion.

 

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

It is advised to call client service through live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be fixed practically right away.

It is also possible to email Plus500. Mails are frequently answered within a day. It is a pity that no phone number is available. This makes it impossible to speak directly to someone. Due to the quick processing time, Plus500 still ratings adequately in terms of client service. Plus500 Contact Support.

Plus500 Contact Support

 

Security & dependability
Prior to you deposit money with a company, you naturally wish to know that it is completely secure to do so. In this part of the evaluation, we look at how trusted Plus500 is.

Guideline
Supervisors make sure that brokers stick to the guidelines. Plus500 is supervised by:

  • Plus500UK Ltd licensed & controlled by the FCA (# 509909).
  • Plus500CY Ltd licensed & managed 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 financial service provider in South Africa, FSP # 47546.

Security of your deposits
Depending on your citizenship, you enjoy additional defense if Plus500 declares bankruptcy. This is done through a so-called investor defense fund. All client funds are kept in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has also set numerous extra rules to ensure that your money is as safe and secure as possible on Plus500. Listed below you can find an overview of these measurements:

Plus500 Contact Support

Plus500 will never ever hypothesize with customers’ cash. All funds are stored in a separate savings account, which suggests that this money is secure when unforeseen things happen with Plus500. And finally, on Plus500 you are secured versus an unfavorable balance, due to the fact that he Unfavorable balance security is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be left with a recurring debt. Plus500 Contact Support.

 

Conclusion reliability
Plus500 is 100% no scam. Plus500 safely manages client properties. The business is also supervised. Plus500 has been around since 2008 and is even listed on the London stock exchange. These are all great indications that Plus500 is trusted and we have actually concerned that conclusion ourselves.

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About the company
Plus500 was founded in 2008 and has grown highly since then. Plus500 is active in more than 30 countries and served more than 200,000 active clients in 2019. Plus500 carried out over 35 million transactions 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 a number of additional offices in other countries. Do you would like to know more about the Plus500 company? In this post you will find whatever you need to know!

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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 user-friendly software application. On Plus500 you can trade at low rates. You also have the opportunity to react to changing market conditions by putting orders on both fluctuating costs. Plus500 Contact Support.

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