Plus500 Customer Support

Plus500 Review: our experience with this broker – Plus500 Customer Support
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to policies), Forex and stocks. In this comprehensive review, we share our experiences with this broker. In our test, Plus500 emerged as an easy to use broker where you can react to the most recent market developments at low rates. Plus500 Customer Support.

Plus500 Customer Support

Advantage Plus500

  • At Plus500 you can hypothesize on rate developments at low rates.
  • You can trade in a comprehensive range 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 provides its services in more than 30 different languages.
  • On Plus500 you can begin trading from $100. Plus500 Customer Support.

 

Disadvantages Plus500

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

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

Plus500 Customer Support

We talk about the following subjects in the Plus500 evaluation:

  • Open account: how can you open an account with Plus500?
  • Deposit cash: how can you transfer and withdraw money?
  • Costs: how much does trading cost on Plus500?
  • Performances: what are the possibilities of the software application?
  • Trading options: 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).
  • Dependability: Is this broker trustworthy? (reliability).
  • Details: more details about Plus500 (information).
  • 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 here * to open the Plus500 website. To produce a totally free demonstration account, you just need to select an e-mail address and a password. It is likewise possible to visit with your Facebook or Google account. After you have actually left this info, you can right away begin trading. Plus500 Customer Support.

Plus500 Customer Support

Plus500 accepts clients from the majority of countries. There are likewise nationalities that are not admitted 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 favorable score for opening an account. Plus500 Customer Support.

 

Deposit & withdraw cash
When you have become acquainted with 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 utilizing among these techniques:

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

Before your deposit can be processed, you must confirm your identity. Plus500 needs to adhere to legislation and can just get validated customers. By validating brand-new customers, Plus500 prevents customers from utilizing the account for cash laundering.

Plus500 Customer Support

We have actually gone through the entire process and published the required documents. Our account was authorized and released by Plus500 within an hour. After verifying the identity of your account, you don’t need to do it once again. The length of this procedure depends upon 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 money to your bank account or PayPal account. The transfer is made quickly and the cash will remain in your account within a few days. Plus500 Customer Support.

Plus500 Customer Support

 

On Plus500 there are no additional expenses for transferring and withdrawing money. This is a huge benefit of the broker Plus500: many other brokers charge a small fee for withdrawing money. Traders can make the most of as much as 5 complimentary withdrawals a month, after which a fee will be incurred.

Plus500 Customer Support

Evaluation of the costs of Plus500
When you begin trading with Plus500, you certainly do not want a big part of your money to be lost to high deal costs. In this part of the evaluation, we take a detailed take a look at the charges of trading with Plus500. Listed below we briefly take a look at which costs Plus500 passes on to its customers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the distinction between the buy and sell price of a CFD. Plus500 offers 2 spread mechanisms for its instruments: Dynamic spread which is constantly adjusted according to the marketplace spread during the duration a position is open vs. a Spread which does not normally change in line with general market changes while a position is open, but when the marketplace is unstable and illiquid, may alter to a new level so that the underlying market conditions are much better reflected. However, Plus500 aims to provide the tightest possible spreads at all times. Plus500 Customer Support.

 

Forex costs 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 companies and concluded that these expenses are comparable to those of other brokers. (We have actually 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 evaluation it emerged that at Plus500 you can trade versus relatively advantageously fees 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 agreement. Trading cryptocurrencies is therefore relatively beneficial at Plus500. (We have actually extracted these information on the 2th of June 14:00.).

 

Share costs on Plus500
At Plus500 you can also sell 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 value. Trading CFD Tesla shares is for that reason possible at a low cost. (Please note that this is a snapshot on April 20, 2020 at 13:00.).

 

Financing expenses 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 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 over night funding buy and the over night financing sell costs. Sometimes, you really receive a premium for short positions. We compared Plus500 with other celebrations for this evaluation and the funding expenses were reasonably low. Still, it is very important to keep in mind that Plus500 is not really ideal for long-term trading because of the financing fees you have to pay every day. Plus500 Customer Support.

 

Other expenses on Plus500
We have actually extensively investigated the expenses for this review, and we have not found any frustrating surprise expenses. Nevertheless, you should ensure that you visit to the platform a minimum of as soon as every 3 months. If you do not do this, costs for inactivity will be charged. This holds true with most brokers.

Do you have an account with Plus500 and are you not preparing to trade for a while? It is smart to withdraw the cash from your account.

 

You can examine all Fees here:

Plus500 is generally 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 provider who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Customer Support.

The following additional charges may be used:

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 Financing Time”).
The over night financing time and the everyday overnight funding percentage can be discovered in the “Details” link next to the instrument’s name on the main screen of the platform.

Currency Conversion Cost – 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 Cost will currently depend on 0.7% of the trade’s understood net revenue and loss and reflected in real time into the unrealised net profit and loss of an open position.

Lack of exercise Charge – A charge of up to USD 10 per month will be imposed, ought to you not log in to your trading represent a duration of a minimum of three months. This cost will be charged when a month from that moment onwards, as long as no login is made to the account. The lack of exercise charge will amount to the lower of the staying readily available balance in your account or USD 10 (or comparable depending upon your currency). This is to offset the expense sustained in making the service readily available, even though it has not been used. However, please note that the fee is only collected from the Genuine Money account and just when there suffice offered funds in the account. In order to avoid this charge, just log into your trading account from time to time, as this is deemed adequate activity to prevent a charge from being charged.

Guaranteed Stop Order – if you pick this function, please note that as it guarantees that your position (trade) closes at a specific requested rate (price), the trade is subject to a broader spread.

 

Conclusion Plus500 costs
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 various expenses you pay when you trade with Plus500.

Plus500 Customer Support

Software application & possibilities
When you begin trading, we comprehend that you of course also want to utilize an excellent software package. With Plus500 trading is primarily done via the online WebTrader. A great advantage of the WebTrader is the availability: you can log in to the platform at any time and from any location to open or close a position.

What stuck 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 have to browse wish for buy & offer buttons on Plus500. Plus500 Customer Support.

 

Opening a trade
Opening a trade with Plus500 is rather straightforward. It is important to keep in mind that with Plus500 you constantly sell CFDs. With Plus500 you never ever directly sell a share. The only thing that determines your result is the difference 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 outcome with a rising cost and when you offer the CFD you get a favorable outcome with a falling price. Since you use leverage there is a high danger of losing cash quickly due to take advantage of.

 

The option to speculate on a decreasing cost is a major benefit within the Plus500 platform. The choice to brief sell increases your versatility and makes it possible to respond to various market circumstances.

 

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

Plus500 Customer Support

In the order screen you can go into the quantity 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 protect you trades when you need to go out. Plus500 Customer Support.

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

Plus500 Customer Support

 

Leverage
With Plus500 you have the option to use a leverage. With a lever you can take a bigger position with the very same quantity of cash. Both your prospective profit and your potential loss boost when you use utilize. With each security you can right away see what the optimum utilize is that you can apply.

The presence of an utilize is a benefit in the evaluation of Plus500. You can always choose to invest with smaller quantities if you wish to decrease your risk.

 

Mobile application
On Plus500 you can also trade with the mobile application they use. The mobile application is less extensive than the WebTrader. You can carry out less extensive analyses with it. It is useful to likewise install the mobile application. With the app you can receive cautions when the cost of a security reaches a particular value.

The mobile application is very easy to use and it is excellent to adjust your orders when market conditions alter considerably. The mobile application is therefore a strong point in our review of the Plus500 platform.

Plus500 Customer Support

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

Forex
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you speculate on cost changes in currency pairs. You can for example location a trade on the advancement of the euro versus the dollar.

Shares
On Plus500 you can also sell a comprehensive series of CFD shares. The shares are neatly sorted by nation, so you can rapidly discover a share to trade.

Products
It’s also possible to sell commodities by utilizing CFDs. The most popular commodity for trading is oil. You can frequently apply an optimum leverage of up to 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 also sell CFDs on options. Alternatives often move strongly: an option can sometimes increase or fall in value by tens of percent. With CFDs you can use an utilize of approximately 1:20 to alternatives, which even more increases your possible gains or losses.

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


Cryptocurrencies

At Plus500 you can likewise trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are really unstable and it can therefore be interesting to actively speculate on their cost advancements. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument accessibility subject to policies”). Plus500 Customer Support.


Conclusion on the trading choices at Plus500

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

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the charts. Within the software application you can use various drawing choices. You can draw horizontal levels to show price levels where the marketplace frequently relocates the opposing direction.

Plus500 Customer Support

You can also include technical indicators on the graph. The series of technical indications at Plus500 is massive. You can pick from more than 100 various alternatives. It is wise to utilize technical indicators. By utilizing technical signs, you can perform much better analyses.

Plus500 Customer Support

The technical analysis choices within the Plus500 software are extensive. However, it is troublesome that you can not save several charts. This suggests that you have to repeat the evaluates regularly. Expert investors would need to download other programs to carry out more complex analyses.

 

Research study and education
In this evaluation we can be fast about the possibilities of research and education: at Plus500 these options are completely missing out on. There are no courses or webinars offered at Plus500. This is a downside for people who join Plus500 to learn how to trade better.

It works that you get a notice within the Plus500 software application when interesting developments happen. When the price of, for instance, oil falls dramatically, you will get an alert of this event. You can then decide for yourself whether you want to take a position on the market development. Plus500 Customer Support.

Within the Plus500 software 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 purchasers or sellers. Other fundamental information is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.

 

Client service
Plus500 has an extensive and fast customer care that is readily available in more than 30 languages. Your issues can be fixed quickly in your language.

It is suggested to call customer support via live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be fixed practically instantly.

It is likewise possible to email Plus500. Mails are typically answered within a day. It is a pity that no telephone number is offered. This makes it difficult to speak straight to someone. Due to the quick processing time, Plus500 still ratings adequately in regards to customer support. Plus500 Customer Support.

Plus500 Customer Support

 

Security & dependability
Before you transfer cash with a company, you naturally need to know that it is entirely safe and secure to do so. In this part of the review, we look at how reputable Plus500 is.

Regulation
Supervisors guarantee that brokers follow the rules. Plus500 is supervised by:

  • Plus500UK Ltd licensed & managed 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 provider in South Africa, FSP # 47546.

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

Plus500 has likewise set several additional rules to guarantee that your money is as secure as possible on Plus500. Below you can find an overview of these measurements:

Plus500 Customer Support

Plus500 will never ever hypothesize with clients’ money. All funds are saved in a separate bank account, which suggests that this cash is protected when unanticipated things happen with Plus500. And last but not least, on Plus500 you are safeguarded versus an unfavorable balance, since he Negative balance security is a regulative requirement for all EU brokers. When you trade with Plus500, you can never be left with a recurring financial obligation. Plus500 Customer Support.

 

Conclusion dependability
Plus500 is 100% no scam. Plus500 securely handles consumer properties. The company is also monitored. Plus500 has actually been around because 2008 and is even noted on the London stock market. These are all good signs that Plus500 is trustworthy and we have pertained to that conclusion ourselves.

Plus500 Customer Support

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 clients in 2019. Plus500 carried out over 35 million transactions with a value of over $1,000 billion in one year. The head office of the company can be discovered in Israel, however they have actually opened several additional workplaces in other countries. Do you need to know more about the Plus500 business? In this short article you will find whatever you require to know!

Plus500 Customer Support

Conclusion evaluation Plus500
Plus500 is among the very best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by utilizing the easy to use software. On Plus500 you can trade at low rates. You likewise have the chance to react to altering market conditions by putting orders on both rising and falling costs. Plus500 Customer Support.

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