Plus500 Interim Results

Plus500 Evaluation: our experience with this broker – Plus500 Interim Results
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to guidelines), Forex and stocks. In this extensive review, we share our experiences with this broker. In our test, Plus500 emerged as an easy to use broker where you can respond to the latest market advancements at low rates. Plus500 Interim Results.

Plus500 Interim Results

Advantage Plus500

  • At Plus500 you can hypothesize on rate developments at low rates.
  • You can sell a comprehensive range 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 offers its services in more than 30 various languages.
  • On Plus500 you can start trading from $100. Plus500 Interim Results.

 

Drawbacks Plus500

  • Plus500 does not provide advanced software for expert traders.
  • You can not find comprehensive analyses within the platform.
  • Plus500 customer service is not offered by phone.
  • On Plus500 you can just sell CFDs.

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

Plus500 Interim Results

We discuss the following subjects in the Plus500 evaluation:

  • Open account: how can you open an account with Plus500?
  • Deposit cash: how can you deposit and withdraw money?
  • Expenses: 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?
  • Support: what support do you receive when trading?
  • Costumer service: what is the quality of the costumer service? (costumer-service).
  • Reliability: Is this broker reputable? (dependability).
  • Details: more information about Plus500 (details).
  • Conclusion: the decision of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you should first visit the Plus500 website. Click on this link * to open the Plus500 site. To produce a complimentary demo account, you simply have to select 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 info, you can right away start trading. Plus500 Interim Results.

Plus500 Interim Results

Plus500 accepts customers from the majority of nations. However, there are also citizenships that are not confessed 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 give Plus500 a positive ranking for opening an account. Plus500 Interim Results.

 

Deposit & withdraw cash
When you have become acquainted with the Plus500 platform, you can switch to a real 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 need to confirm your identity. Plus500 needs to comply with legislation and can only receive validated clients. By validating new customers, Plus500 prevents customers from utilizing the represent money laundering.

Plus500 Interim Results

We’ve gone through the whole process and submitted the required files. Our account was authorized and released by Plus500 within an hour. After verifying the identity of your account, you do not need to do it again. The length of this procedure depends on your personal scenario and can be different for each costumer.

 

Withdraw cash
You can withdraw the money 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 rapidly and the cash will remain in your account within a couple of days. Plus500 Interim Results.

Plus500 Interim Results

 

On Plus500 there are no additional expenses for transferring and withdrawing cash. This is a huge advantage of the broker Plus500: many other brokers charge a little cost for withdrawing money. Traders can benefit from as much as 5 totally free withdrawals a month, after which a cost will be sustained.

Plus500 Interim Results

Review of the expenses of Plus500
When you begin trading with Plus500, you clearly do not desire a big part of your money to be lost to high deal costs. In this part of the review, we take a comprehensive look at the costs of trading with Plus500. Listed below we briefly analyze which costs Plus500 passes on to its clients.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the difference in between the buy and sell rate of a CFD. Plus500 uses two spread systems for its instruments: Dynamic spread which is continuously adjusted according to the market spread out during the duration a position is open vs. a Spread which does not usually alter in line with basic market changes while a position is open, but when the marketplace is unstable and illiquid, may alter to a brand-new level so that the underlying market conditions are much better shown. Nonetheless, Plus500 aims to provide the tightest possible spreads at all times. Plus500 Interim Results.

 

Forex expenses on Plus500
On Plus500 you can sell 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 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 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 for that reason reasonably useful at Plus500. (We have extracted these information on the 2th of June 14:00.).

 

Share costs on Plus500
At Plus500 you can also sell shares by utilizing CFDs. As an example: For the CFD share Tesla you presently pay a spread of $ 0.95, which relates 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 picture on April 20, 2020 at 13:00.).

 

Funding expenses at Plus500
With Plus500 you have the option to trade on margin. Because you can trade on margin, you do not need to put in the total of the trading position yourself. However, you do need to pay a premium for this.

With each security you will see the overnight funding buy and the overnight financing sell expenses. Sometimes, you really receive a premium for short positions. We compared Plus500 with other parties for this review and the financing expenses were reasonably low. Still, it is important to remember that Plus500 is not really appropriate for long-lasting trading because of the funding costs you have to pay on a daily basis. Plus500 Interim Results.

 

Other costs on Plus500
We have thoroughly investigated the expenses for this review, and we have not discovered any frustrating concealed costs. You must make sure that you log in to the platform at least once every three months. If you do not do this, costs for lack of exercise will be charged. This is the case with many brokers.

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

 

You can check all Costs here:

Plus500 is primarily 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 means 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. Plus500 Interim Results.

However, the following additional charges might be applied:

Overnight Financing – The overnight financing quantity is either contributed to or subtracted from your account when holding a position after a certain time (the “Overnight Financing Time”).
The over night funding time and the day-to-day over night funding percentage can be discovered in the “Details” link next to the instrument’s name on the main screen of the platform.

Currency Conversion Fee – Plus500 will charge a Currency Conversion Cost for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Fee will presently depend on 0.7% of the trade’s understood web earnings and loss and shown in real time into the unrealised net earnings and loss of an open position.

Inactivity Charge – A cost of approximately USD 10 monthly will be levied, ought to you not log in to your trading account for a period of at least three 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 charge will be equal to the lesser of the remaining offered balance in your account or USD 10 (or equivalent depending upon your currency). This is to offset the cost sustained in making the service available, although it has actually not been utilized. Please note that the cost is only collected from the Real Money account and only when there are adequate available funds in the account. In order to avoid this cost, simply log into your trading account from time to time, as this is considered adequate activity to prevent a fee from being charged.

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

 

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

Plus500 Interim Results

Software application & possibilities
When you begin trading, we comprehend that you naturally likewise want to use an excellent software package. With Plus500 trading is mainly done through the online WebTrader. An excellent advantage of the WebTrader is the availability: you can visit to the platform at any time and from any place to open or close a position.

What stuck 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 need to browse wish for buy & sell buttons on Plus500. Plus500 Interim Results.

 

Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is important to keep in mind that with Plus500 you constantly trade in CFDs. With Plus500 you never ever straight sell a share. The only thing that identifies your outcome is the difference in between the cost at which you open and close the position.

When you open a position, you have 2 options. You can buy the CFD or you can go short on the CFD. When you buy the CFD you get a favorable outcome with an increasing price and when you sell the CFD you get a positive result with a falling rate. Given that you use utilize there is a high risk of losing cash quickly due to utilize.

 

The alternative to hypothesize on a declining cost is a significant advantage within the Plus500 platform. The alternative to brief sell increases your flexibility and makes it possible to respond to various market situations.

 

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

Plus500 Interim Results

In the order screen you can enter the amount you want to trade with. You also have the choice to automatically open or close the position after a particular price has been reached. This makes it possible to safeguard you trades when you have to go out. Plus500 Interim Results.

It is likewise possible to put 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 better trading results.

Plus500 Interim Results

 

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

The existence of a take advantage of is a benefit in the evaluation of Plus500. You can constantly choose to invest with smaller quantities if you wish to reduce your threat.

 

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

The mobile application is extremely user-friendly and it is good to change your orders when market conditions alter significantly. The mobile application is for that reason a strong point in our evaluation of the Plus500 platform.

Plus500 Interim Results

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

Forex
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you hypothesize on price 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 likewise sell an extensive series of CFD shares. The shares are nicely arranged by nation, so you can quickly discover a share to trade.

Commodities
It’s also possible to trade in commodities by using CFDs. The most popular product for trading is oil. You can typically apply an optimum utilize 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 likewise trade in CFDs on choices. Options frequently move strongly: a choice can in some cases increase or fall in value by 10s of percent. With CFDs you can apply a leverage of up to 1:20 to choices, which further increases your potential 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 well-known cryptocurrencies. Cryptocurrencies are really unstable and it can for that reason be interesting to actively hypothesize on their rate advancements. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument accessibility subject to guidelines”). Plus500 Interim Results.


Conclusion on the trading options at Plus500

Plus500 has a large range of tradable CFD securities. Even relatively unidentified regional stocks can typically be discovered on the Plus500 platform. This makes Plus500 an appealing broker for investors from all nations. My experience with Plus50 has actually for that reason been extremely positive.

 

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

 

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

Plus500 Interim Results

You can likewise add technical indications on the chart. The range of technical indications at Plus500 is massive. You can pick from more than 100 various options. It is wise to use technical indicators. By utilizing technical indicators, you can perform better analyses.

Plus500 Interim Results

The technical analysis options within the Plus500 software application are extensive. It is troublesome that you can not save several graphs. This implies that you need to repeat the analyzes frequently. Professional financiers would have to download other programs to perform more complex analyses.

 

Research and education
In this evaluation we can be quick about the possibilities of research and education: at Plus500 these choices are totally missing out on. There are no courses or webinars available at Plus500. This is a drawback for people who sign up with Plus500 to find out how to trade much better.

It is useful that you get an alert within the Plus500 software when fascinating advancements occur. When the cost of, for instance, oil falls sharply, you will receive a notification of this event. You can then choose for yourself whether you want to take a position on the marketplace development. Plus500 Interim Results.

Within the Plus500 software application you can likewise see how other users trade in a security. By taking a look at the positions other traders take, you can see whether there are more purchasers or sellers. Other basic data is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our viewpoint.

 

Client service
Plus500 has a detailed and quick customer support that is offered in more than 30 languages. Your issues can be solved rapidly in your language.

It is advised to contact customer care via live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be fixed almost instantly.

It is also possible to email Plus500. Mails are frequently addressed within a day. It is a pity that no telephone number is readily available. This makes it difficult to speak straight to someone. Due to the quick processing time, Plus500 still scores sufficiently in terms of customer service. Plus500 Interim Results.

Plus500 Interim Results

 

Security & dependability
Prior to you deposit money with a company, you naturally would like to know that it is totally safe to do so. In this part of the evaluation, we take a look at how trustworthy Plus500 is.

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

  • Plus500UK Ltd authorized & controlled by the FCA (# 509909).
  • Plus500CY Ltd authorized & regulated 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), licensed 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 upon your citizenship, you delight in additional security if Plus500 goes bankrupt. This is done through a so-called financier security fund. All client funds are kept in a segregated customer bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has also set several extra rules to ensure that your money is as secure as possible on Plus500. Listed below you can discover an introduction of these measurements:

Plus500 Interim Results

Plus500 will never hypothesize with clients’ money. All funds are kept in a separate bank account, which indicates that this cash is safe and secure when unexpected things happen with Plus500. And lastly, on Plus500 you are protected against a negative balance, due to the fact that he Negative balance security is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never be left with a recurring debt. Plus500 Interim Results.

 

Conclusion reliability
Plus500 is 100% no fraud. Plus500 securely manages customer properties. The business is likewise supervised. Plus500 has actually been around considering that 2008 and is even noted on the London stock market. These are all great signs that Plus500 is dependable and we have pertained to that conclusion ourselves.

Plus500 Interim Results

About the business
Plus500 was founded in 2008 and has actually grown highly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active customers in 2019. Plus500 carried out over 35 million deals with a worth 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 workplaces in other nations. Do you wish to know more about the Plus500 business? In this short article you will find whatever you require to understand!

Plus500 Interim Results

Conclusion review 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 also have the opportunity to respond to changing market conditions by placing orders on both fluctuating rates. Plus500 Interim Results.

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