Plus500 Desktop App

Plus500 Review: our experience with this broker – Plus500 Desktop App
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to regulations), Forex and stocks. In this extensive review, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can respond to the latest market developments at low rates. Plus500 Desktop App.

Plus500 Desktop App

Advantage Plus500

  • At Plus500 you can speculate on cost advancements at low rates.
  • You can trade in a comprehensive series of CFD shares.
  • It is possible to try Plus500 for free with a demo.
  • On Plus500 you can use the user-friendly web trader.
  • Plus500 provides its services in more than 30 different languages.
  • On Plus500 you can start trading from $100. Plus500 Desktop App.

 

Downsides Plus500

  • Plus500 does not supply advanced software application for expert traders.
  • You can not discover comprehensive analyses within the platform.
  • Plus500 customer care is not readily available by phone.
  • On Plus500 you can just sell CFDs.

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

Plus500 Desktop App

We talk about 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: just how much does trading cost on Plus500?
  • Functionalities: what are the possibilities of the software application?
  • Trading choices: in what securities you trade on Plus500?
  • Assistance: what support do you get when trading?
  • Client service: what is the quality of the client service? (costumer-service).
  • Reliability: Is this broker trustworthy? (dependability).
  • Information: more information about Plus500 (information).
  • Conclusion: the decision of the Plus500 review (conclusion).

 

Opening an account with Plus500
To do this you need to first go to the Plus500 website. Click on this link * to open the Plus500 website. To produce a free demonstration account, you just have 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 info, you can immediately begin trading. Plus500 Desktop App.

Plus500 Desktop App

Plus500 accepts clients from a lot of nations. There are likewise nationalities that are not admitted to Plus500. Traders from for example, America, Brazil, Belgium and Syria are unable to open an account at Plus500 at this moment. Opening a demo-account with Plus500 is possible within clicks. In the review, we therefore provide Plus500 a positive ranking for opening an account. Plus500 Desktop App.

 

Deposit & withdraw cash
When you have become 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 using one of these techniques:

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

Before your deposit can be processed, you must validate your identity. Plus500 needs to comply with legislation and can only get validated customers. By confirming new costumers, Plus500 avoids customers from using the represent money laundering.

Plus500 Desktop App

We have actually gone through the entire procedure and uploaded the required files. Our account was authorized and launched by Plus500 within an hour. After validating the identity of your account, you don’t need to do it again. The length of this procedure depends on your individual scenario and can be different for each customer.

 

Withdraw money
You can withdraw the cash into your account at any time. You can do this by transferring the money to your savings account or PayPal account. The transfer is made quickly and the money will remain in your account within a couple of days. Plus500 Desktop App.

Plus500 Desktop App

 

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

Plus500 Desktop App

Review of the costs of Plus500
When you begin trading with Plus500, you clearly do not desire a large part of your cash to be lost to high deal costs. In this part of the review, we take a comprehensive take a look at the fees of trading with Plus500. Listed below we briefly take a look at which costs Plus500 hands down to its customers.

 

Spread
With Plus500 you pay a spread over every deal. The spread is the difference in between the buy and sell cost of a CFD. Plus500 uses two spread systems for its instruments: Dynamic spread which is continuously adjusted according to the market spread during the duration a position is open vs. a Spread which does not usually change in line with basic market fluctuations while a position is open, but when the marketplace is unpredictable and illiquid, might change to a brand-new level so that the underlying market conditions are better reflected. However, Plus500 aims to provide the tightest possible spreads at all times. Plus500 Desktop App.

 

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

 

Share costs on Plus500
At Plus500 you can likewise trade in shares by using 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 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 costs at Plus500
With Plus500 you have the alternative to trade on margin. Because you can trade on margin, you do not have 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 overnight funding sell expenses. In some cases, you in fact receive a premium for short positions. We compared Plus500 with other celebrations for this evaluation and the funding costs were relatively low. Still, it is essential to bear in mind that Plus500 is not really appropriate for long-term trading because of the funding charges you need to pay on a daily basis. Plus500 Desktop App.

 

Other costs on Plus500
We have actually thoroughly investigated the expenses for this review, and we have not discovered any bothersome concealed expenses. However, you must guarantee that you log in to the platform at least as soon as every three months. If you don’t do this, costs for lack of exercise 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 Costs here:

Plus500 is primarily 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 service providers who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Desktop App.

The following extra fees might be applied:

Overnight Financing – The overnight funding quantity is either contributed 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 over night funding percentage can be discovered in the “Particulars” link beside the instrument’s name on the main screen of the platform.

Currency Conversion Charge – 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 Cost will presently be up to 0.7% of the trade’s understood web revenue and loss and reflected in real time into the unrealised net earnings and loss of an open position.

Inactivity Cost – A charge of as much as USD 10 monthly will be levied, need to you not log in to your trading represent a duration of a minimum of 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 lack of exercise fee will amount to the lesser of the remaining available balance in your account or USD 10 (or equivalent depending upon your currency). This is to balance out the cost incurred in making the service readily available, although it has not been utilized. Nevertheless, please note that the charge is only collected from the Real Cash account and just when there are sufficient available funds in the account. In order to avoid this charge, simply log into your trading account from time to time, as this is considered adequate activity to prevent a cost from being charged.

Surefire Stop Order – if you choose this feature, please note that as it guarantees that your position (trade) closes at a particular requested rate (rate), the trade is subject to a larger spread.

 

Conclusion Plus500 fees
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 numerous expenses you pay when you trade with Plus500.

Plus500 Desktop App

Software application & possibilities
When you start trading, we understand that you naturally likewise wish to use an excellent software package. With Plus500 trading is mainly done through 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 rapidly discover the CFD in which you wish to trade. New clients will therefore not have to search wish for purchase & sell buttons on Plus500. Plus500 Desktop App.

 

Opening a trade
Opening a trade with Plus500 is rather straightforward. It is essential to bear in mind that with Plus500 you always sell CFDs. With Plus500 you never ever straight sell a share. The only thing that identifies your result is the distinction between the rate at which you open and close the position.

When you open a position, you have 2 choices. You can buy the CFD or you can go short on the CFD. When you buy the CFD you get a positive outcome with a rising price and when you offer the CFD you get a positive result with a falling price. Given that you use take advantage of there is a high danger of losing money rapidly due to utilize.

 

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

 

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

Plus500 Desktop App

In the order screen you can enter the quantity you wish to trade with. You likewise have the alternative to instantly open or close the position after a specific price has actually been reached. This makes it possible to secure you trades when you have to go out. Plus500 Desktop App.

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

Plus500 Desktop App

 

Take advantage of
With Plus500 you have the option to use a leverage. With a lever you can take a larger position with the exact same quantity of cash. Both your prospective profit and your possible loss boost when you apply take advantage of. With each security you can immediately see what the optimum utilize is that you can apply.

The presence of a leverage is a benefit in the review of Plus500. You can always choose to invest with smaller sized amounts if you want to lower your danger.

 

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 substantial analyses with it. However, it is useful to likewise set up the mobile application. With the app you can receive cautions when the rate of a security reaches a particular value.

The mobile application is very user-friendly and it is great to change your orders when market conditions change significantly. The mobile application is therefore a strength in our review of the Plus500 platform.

Plus500 Desktop App

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

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

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

Products
It’s likewise possible to trade in commodities by using CFDs. The most popular product for trading is oil. You can often use a maximum leverage of approximately 1:20 to financial investments in basic materials. When you sell gold you can apply a leverage of 1:20.

Options
On Plus500 you can also sell CFDs on alternatives. Alternatives typically move strongly: an option can in some cases increase or fall in value by tens of percent. With CFDs you can use a leverage of approximately 1:20 to choices, which further increases your prospective gains or losses.

Indices or ETFs
On Plus500 you can likewise sell CFDs on well-known indexes or ETFs. You can for instance sell the Dow Jones or NASDAQ index trackers.


Cryptocurrencies

At Plus500 you can likewise trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are really volatile and it can therefore be interesting to actively hypothesize on their rate advancements. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument schedule subject to guidelines”). Plus500 Desktop App.


Conclusion on the trading alternatives at Plus500

Plus500 has a vast array of tradable CFD securities. Even fairly unknown local stocks can frequently be found on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all countries. My experience with Plus50 has for that reason been very positive.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the graphs. Within the software you can utilize different drawing alternatives. You can draw horizontal levels to show price levels where the market frequently relocates the opposing direction.

Plus500 Desktop App

You can likewise include technical indications on the chart. The variety of technical indications at Plus500 is enormous. You can pick from more than 100 various choices. It is a good idea to use technical indications. By utilizing technical indicators, you can carry out better analyses.

Plus500 Desktop App

The technical analysis choices within the Plus500 software are extensive. It is bothersome that you can not conserve several charts. This implies that you have to duplicate the examines frequently. Expert investors would need to download other programs to perform 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 readily available at Plus500. This is a downside for individuals who sign up with Plus500 to discover how to trade better.

It is useful that you receive a notice within the Plus500 software when interesting advancements take place. When the rate of, for instance, oil falls dramatically, you will get a notice of this event. You can then choose for yourself whether you want to take a position on the market advancement. Plus500 Desktop App.

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 essential data 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 detailed and fast customer care that is available in more than 30 languages. Your issues can be solved quickly in your language.

It is advised to call customer service via live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be solved practically instantly.

It is also possible to email Plus500. Mails are often addressed within a day. It is a pity that no telephone number is available. This makes it difficult to speak straight to someone. Due to the fast processing time, Plus500 still ratings sufficiently in regards to client service. Plus500 Desktop App.

Plus500 Desktop App

 

Security & dependability
Before you deposit cash with a company, you naturally wish to know that it is completely protected to do so. In this part of the evaluation, we take a look at how reputable Plus500 is.

Regulation
Supervisors make sure that brokers adhere to the rules. Plus500 is supervised by:

  • Plus500UK Ltd authorized & controlled by the FCA (# 509909).
  • Plus500CY Ltd authorized & 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 monetary company in South Africa, FSP # 47546.

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

Plus500 has actually also set numerous extra guidelines to guarantee that your cash is as safe as possible on Plus500. Below you can find an introduction of these measurements:

Plus500 Desktop App

Plus500 will never ever hypothesize with clients’ cash. All funds are kept in a different bank account, which means that this money is protected when unforeseen things occur with Plus500. And last but not least, on Plus500 you are safeguarded versus a negative balance, because he Unfavorable balance defense is a regulative requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a residual financial obligation. Plus500 Desktop App.

 

Conclusion reliability
Plus500 is 100% no rip-off. Plus500 firmly handles client assets. The business is also supervised. Plus500 has actually been around since 2008 and is even listed on the London stock exchange. These are all great signs that Plus500 is trusted and we have actually pertained to that conclusion ourselves.

Plus500 Desktop App

About the company
Plus500 was founded in 2008 and has grown highly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active clients in 2019. Plus500 performed over 35 million transactions with a value of over $1,000 billion in one year. The head office of the business can be found in Israel, however they have actually opened several extra workplaces in other nations. Do you need to know more about the Plus500 company? In this short article you will discover everything you require to understand!

Plus500 Desktop App

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 using the easy to use software application. On Plus500 you can trade at low rates. You likewise have the chance to react to changing market conditions by positioning orders on both fluctuating prices. Plus500 Desktop App.

Do you wish to find how Plus500 works? Then instantly open a totally free demo-account by pressing the button below: