Plus500 Sofia

Plus500 Evaluation: our experience with this broker – Plus500 Sofia
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to policies), Forex and stocks. In this substantial review, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can respond to the most recent market developments at low rates. Plus500 Sofia.

Plus500 Sofia

Advantage Plus500

  • At Plus500 you can hypothesize on price developments at low rates.
  • You can trade in a substantial range of CFD shares.
  • It is possible to try Plus500 free of charge with a demonstration.
  • On Plus500 you can utilize the easy to use web trader.
  • Plus500 uses its services in more than 30 different languages.
  • On Plus500 you can start trading from $100. Plus500 Sofia.

 

Disadvantages Plus500

  • Plus500 does not supply advanced software for professional traders.
  • You can not find extensive analyses within the platform.
  • Plus500 customer service is not readily available by phone.
  • On Plus500 you can only trade in CFDs.

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

Plus500 Sofia

We talk about the following subjects in the Plus500 evaluation:

  • Open account: how can you open an account with Plus500?
  • Deposit money: how can you transfer and withdraw money?
  • Costs: just how much does trading expense on Plus500?
  • Performances: what are the possibilities of the software application?
  • Trading options: in what securities you trade on Plus500?
  • Support: what support do you receive when trading?
  • Customer service: what is the quality of the costumer service? (costumer-service).
  • Reliability: Is this broker reliable? (dependability).
  • Information: more information about Plus500 (details).
  • Conclusion: the verdict of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you should initially check out the Plus500 website. Click here * to open the Plus500 website. To create a free demonstration account, you simply have to select an email 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 right away begin trading. Plus500 Sofia.

Plus500 Sofia

Plus500 accepts clients from most nations. However, there are also nationalities 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 evaluation, we for that reason provide Plus500 a positive score for opening an account. Plus500 Sofia.

 

Deposit & withdraw money
When you have actually ended up being familiar with the Plus500 platform, you can switch to a real money account at any time. The minimum deposit at Plus500 is $100. You can transfer cash into your account by using one of these techniques:

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

Prior to your deposit can be processed, you should validate your identity. Plus500 needs to abide by legislation and can just get verified clients. By confirming brand-new customers, Plus500 avoids customers from using the represent cash laundering.

Plus500 Sofia

We’ve gone through the whole procedure and submitted the required documents. Our account was approved and released by Plus500 within an hour. After confirming the identity of your account, you do not have to do it again. The length of this procedure depends upon your individual scenario and can be different for each customer.

 

Withdraw cash
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 be in your account within a couple of days. Plus500 Sofia.

Plus500 Sofia

 

On Plus500 there are no additional costs for transferring and withdrawing money. This is a big benefit of the broker Plus500: many other brokers charge a little cost for withdrawing cash. Traders can benefit from up to 5 complimentary withdrawals a month, after which a fee will be incurred.

Plus500 Sofia

Evaluation of the costs of Plus500
When you start trading with Plus500, you obviously do not want a large part of your cash to be lost to high transaction costs. In this part of the review, we take a comprehensive look at the charges of trading with Plus500. 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 difference in between the buy and sell cost of a CFD. Plus500 provides 2 spread mechanisms for its instruments: Dynamic spread which is continuously changed according to the marketplace spread out throughout the period a position is open vs. a Spread which does not usually change in line with basic market fluctuations while a position is open, however when the market is unstable and illiquid, might change to a new level so that the underlying market conditions are better shown. Plus500 aims to provide the tightest possible spreads at all times. Plus500 Sofia.

 

Forex costs on Plus500
On Plus500 you can trade in various currency sets. At the time of writing, you are paying 0.6 pips in transaction charges on the pair of EUR/ USD. We compared these costs with those of other companies and concluded that these costs are comparable to those of other brokers. (We have drawn out these data on the 2th of June 14:00.).

 

Cryptocurrency costs on Plus500
On Plus500 you can also sell cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade versus fairly 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 relatively helpful at Plus500. (We have drawn out these data on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can likewise trade in shares by utilizing CFDs. As an example: For the CFD share Tesla you presently pay a spread of $ 0.95, which equates to 0.12% of the total worth. 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 option to trade on margin. Due to the fact that you can trade on margin, you do not need 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 overnight financing offer costs. Sometimes, you really receive a premium for short positions. We compared Plus500 with other celebrations for this review and the financing expenses were relatively low. Still, it is very important to keep in mind that Plus500 is not very suitable for long-term trading because of the funding fees you need to pay every day. Plus500 Sofia.

 

Other expenses on Plus500
We have extensively examined the costs for this evaluation, and we have not found any annoying concealed costs. Nevertheless, you need to make sure that you visit to the platform a minimum of once every three months. If you don’t do this, expenses for lack of exercise will be charged. This is the case with a lot of 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 check all Fees here:

Plus500 is mainly made up 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 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 Sofia.

The following additional costs may be applied:

Overnight Funding – The overnight financing quantity 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 daily over night financing 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 Charge 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 earnings and loss and reflected in real time into the unrealised net earnings and loss of an employment opportunity.

Inactivity Cost – A charge of approximately USD 10 per month will be imposed, must you not visit to your trading represent a period of a minimum of three months. This cost will be charged as soon as a month from that minute onwards, as long as no login is made to the account. The inactivity fee will amount to the lower of the staying offered balance in your account or USD 10 (or equivalent depending on your currency). This is to offset the expense incurred in making the service offered, although it has not been used. Nevertheless, please note that the fee is only gathered from the Genuine Cash account and only when there suffice readily available funds in the account. In order to avoid this fee, just log into your trading account from time to time, as this is deemed adequate activity to prevent a charge 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 (price), the trade is subject to a larger spread.

 

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

Plus500 Sofia

Software & possibilities
When you begin trading, we understand that you of course likewise wish to utilize an excellent software package. With Plus500 trading is generally done via the online WebTrader. A fantastic advantage of the WebTrader is the accessibility: you can log in to the platform at any time and from any place 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 quickly discover the CFD in which you want to trade. New customers will therefore not need to browse long for purchase & offer buttons on Plus500. Plus500 Sofia.

 

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

When you open a position, you have two alternatives. 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 cost and when you sell the CFD you get a favorable result with a falling rate. Considering that you use utilize there is a high risk of losing money rapidly due to leverage.

 

The alternative to hypothesize on a decreasing price is a major advantage within the Plus500 platform. The choice to brief sell increases your flexibility and makes it possible to react to various market circumstances.

 

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

Plus500 Sofia

In the order screen you can get in the quantity you wish to trade with. You likewise have the alternative to instantly open or close the position after a particular price has been reached. This makes it possible to secure you trades when you need to go out. Plus500 Sofia.

It is likewise possible to place an order with Plus500. You do this by going into a rate at which you automatically open the CFD position. By using orders, you can achieve even better trading outcomes.

Plus500 Sofia

 

Utilize
With Plus500 you have the alternative to use a leverage. With a lever you can take a bigger position with the same quantity of cash. Both your potential profit and your potential loss increase when you apply leverage. With each security you can immediately see what the maximum leverage is that you can use.

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

 

Mobile application
On Plus500 you can also trade with the mobile application they provide. The mobile application is less extensive than the WebTrader. You can perform less comprehensive analyses with it. It is beneficial to also set up the mobile application. With the app you can receive warnings when the cost of a security reaches a certain worth.

The mobile application is really user-friendly and it is excellent 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 Sofia

Trading alternatives at Plus500
In this part of the evaluation we will talk about the various kinds of securities you can trade in with Plus500.

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

Shares
On Plus500 you can likewise sell a substantial variety of CFD shares. The shares are nicely sorted by nation, so you can quickly 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 typically use a maximum leverage of as much as 1:20 to financial investments in raw materials. When you trade in gold you can use a leverage of 1:20.

Options
On Plus500 you can likewise sell CFDs on choices. Options typically move highly: an alternative can sometimes rise or fall in value by tens of percent. With CFDs you can use an utilize of as much as 1:20 to choices, which even more increases your prospective gains or losses.

Indices or ETFs
On Plus500 you can also trade in CFDs on popular indexes or ETFs. You can for example 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 unstable and it can for that reason be interesting to actively speculate on their cost developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to policies”). Plus500 Sofia.


Conclusion on the trading choices at Plus500

Plus500 has a vast array of tradable CFD securities. Even reasonably unidentified local stocks can typically be discovered on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all nations. My experience with Plus50 has actually for that reason been very 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 graphs. Within the software you can utilize various illustration alternatives. You can draw horizontal levels to indicate price levels where the marketplace frequently relocates the opposing instructions.

Plus500 Sofia

You can likewise include technical indicators on the graph. The range of technical indications at Plus500 is massive. You can choose from more than 100 different alternatives. It is a good idea to use technical signs. By using technical signs, you can execute much better analyses.

Plus500 Sofia

The technical analysis alternatives within the Plus500 software application are comprehensive. However, it is inconvenient that you can not conserve multiple graphs. This means that you have to duplicate the analyzes regularly. Expert financiers would need to download other programs to perform more complex analyses.

 

Research study and education
In this review we can be fast about the possibilities of research and education: at Plus500 these choices are completely missing. There are no courses or webinars readily available at Plus500. This is a disadvantage for people who join Plus500 to discover how to trade better.

It works that you get a notification within the Plus500 software application when interesting developments take place. When the cost of, for instance, oil falls dramatically, you will receive a notification of this event. You can then decide on your own whether you wish to take a position on the market development. Plus500 Sofia.

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 out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our opinion.

 

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

It is suggested to contact client service via live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be resolved almost instantly.

It is also possible to email Plus500. Mails are frequently answered within a day. It is a pity that no telephone number is readily available. This makes it impossible to speak straight to someone. Due to the fast processing time, Plus500 still ratings adequately in regards to customer service. Plus500 Sofia.

Plus500 Sofia

 

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

Guideline
Supervisors guarantee that brokers follow the guidelines. Plus500 is monitored by:

  • Plus500UK Ltd licensed & controlled by the FCA (# 509909).
  • Plus500CY Ltd licensed & controlled 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), certified by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed monetary service provider in South Africa, FSP # 47546.

Security of your deposits
Depending upon your nationality, you take pleasure in extra protection if Plus500 goes bankrupt. This is done through a so-called financier defense fund. All customer funds are kept in a segregated customer checking account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has also set numerous extra guidelines to guarantee that your cash is as secure as possible on Plus500. Below you can find a summary of these measurements:

Plus500 Sofia

Plus500 will never hypothesize with consumers’ money. All funds are saved in a different savings account, which implies that this money is safe when unanticipated things happen with Plus500. And finally, on Plus500 you are secured versus a negative balance, due to the fact that he Unfavorable balance defense is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never ever be left with a recurring debt. Plus500 Sofia.

 

Conclusion reliability
Plus500 is 100% no fraud. Plus500 safely manages consumer properties. The company is likewise supervised. Plus500 has actually been around because 2008 and is even listed on the London stock exchange. These are all good signs that Plus500 is trusted and we have actually pertained to that conclusion ourselves.

Plus500 Sofia

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

Plus500 Sofia

Conclusion review Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by utilizing the easy to use software. On Plus500 you can trade at low rates. You also have the chance to respond to altering market conditions by placing orders on both fluctuating costs. Plus500 Sofia.

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