Plus500 Review: our experience with this broker – Telefono Contacto Plus500
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule subject to regulations), Forex and stocks. In this extensive review, we share our experiences with this broker. In our test, Plus500 emerged as an user-friendly broker where you can respond to the latest market developments at low rates. Telefono Contacto Plus500.
Telefono Contacto Plus500
- At Plus500 you can speculate on cost advancements at low rates.
- You can sell a substantial range of CFD shares.
- It is possible to try Plus500 totally free with a demonstration.
- On Plus500 you can use the user-friendly web trader.
- Plus500 uses its services in more than 30 various languages.
- On Plus500 you can start trading from $100. Telefono Contacto Plus500.
- Plus500 does not provide sophisticated software for expert traders.
- You can not discover extensive analyses within the platform.
- Plus500 client service 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 completely free of charge and without threat? Use the button listed below to open a demonstration account with this broker:
Telefono Contacto Plus500
We talk about the following topics in the Plus500 review:
- Open account: how can you open an account with Plus500?
- Deposit money: how can you transfer and withdraw money?
- Expenses: just how much does trading cost on Plus500?
- Functionalities: what are the possibilities of the software?
- Trading alternatives: in what securities you trade on Plus500?
- Assistance: what assistance do you receive when trading?
- Client service: what is the quality of the client service? (costumer-service).
- Dependability: Is this broker reliable? (dependability).
- Information: more info about Plus500 (info).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you must initially visit the Plus500 website. Click on this link * to open the Plus500 site. To develop a totally free demonstration account, you simply have to select an e-mail address and a password. It is also possible to log in with your Facebook or Google account. After you have left this information, you can immediately begin trading. Telefono Contacto Plus500.
Plus500 accepts customers from a lot of countries. However, there are likewise nationalities 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 evaluation, we therefore provide Plus500 a favorable score for opening an account. Telefono Contacto Plus500.
Deposit & withdraw money
When you have actually become familiar with the Plus500 platform, you can switch to a genuine cash account at any time. The minimum deposit at Plus500 is $100. You can deposit money into your account by utilizing one of these approaches:
- Bank transfer.
Before your deposit can be processed, you must verify your identity. Plus500 must abide by legislation and can just receive confirmed clients. By confirming new customers, Plus500 prevents customers from using the account for money laundering.
We have actually gone through the entire procedure and uploaded the needed files. Our account was authorized and launched by Plus500 within an hour. After verifying the identity of your account, you don’t have to do it again. The length of this process depends upon your personal scenario and can be various for each costumer.
You can withdraw the cash into your account at any time. You can do this by moving the money to your bank account or PayPal account. The transfer is made rapidly and the money will be in your account within a few days. Telefono Contacto Plus500.
On Plus500 there are no additional expenses for depositing and withdrawing cash. This is a big advantage of the broker Plus500: many other brokers charge a little fee for withdrawing money. Traders can make the most of approximately 5 free withdrawals a month, after which a cost will be incurred.
Telefono Contacto Plus500
Review of the expenses of Plus500
When you begin trading with Plus500, you certainly do not want a big part of your cash to be lost to high transaction expenses. In this part of the review, we take an in-depth look at the charges of trading with Plus500. Listed below we briefly take a look at which costs Plus500 hands down to its consumers.
With Plus500 you pay a spread over every deal. The spread is the distinction in between the buy and sell price of a CFD. Plus500 uses two spread systems for its instruments: Dynamic spread which is constantly changed according to the marketplace spread out during the duration a position is open vs. a Spread which does not typically change in line with general market fluctuations while a position is open, but when the market is unpredictable and illiquid, may alter to a brand-new level so that the underlying market conditions are better shown. However, Plus500 intends to provide the tightest possible spreads at all times. Telefono Contacto Plus500.
Forex expenses on Plus500
On Plus500 you can sell different currency pairs. At the time of composing, you are paying 0.6 pips in transaction fees on the pair of EUR/ USD. We compared these expenses with those of other suppliers 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 expenses on Plus500
On Plus500 you can also sell cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade versus reasonably advantageously costs 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 contract. Trading cryptocurrencies is therefore reasonably advantageous at Plus500. (We have extracted these data on the 2th of June 14:00.).
Share costs on Plus500
At Plus500 you can likewise sell shares by using CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which equates to 0.12% of the overall value. Trading CFD Tesla shares is therefore possible at a low cost. (Please keep in mind that this is a photo on April 20, 2020 at 13:00.).
Funding 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 total of the trading position yourself. You do have to pay a premium for this.
With each security you will see the over night financing buy and the overnight funding offer costs. In many cases, you really receive a premium for short positions. We compared Plus500 with other parties for this evaluation and the funding costs were fairly low. Still, it is necessary to remember that Plus500 is not extremely appropriate for long-term trading because of the funding fees you have to pay on a daily basis. Telefono Contacto Plus500.
Other expenses on Plus500
We have extensively examined the costs for this evaluation, and we have actually not discovered any irritating hidden expenses. You need to guarantee that you log in to the platform at least when every three months. If you don’t do this, costs for lack of exercise will be charged. This is the case with the majority of brokers.
Do you have an account with Plus500 and are you not preparing to trade for a while? It is wise to withdraw the money from your account.
You can examine all Charges 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 indicates a market spread of 0.6 pips, in this example). Unlike other company who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Telefono Contacto Plus500.
Nevertheless, the following additional charges might be applied:
Overnight Financing – The over night financing amount is either contributed to or subtracted from your account when holding a position after a certain time (the “Overnight Financing Time”).
The over night financing time and the daily overnight financing percentage can be found in the “Details” link beside the instrument’s name on the main screen of the platform.
Currency Conversion Charge – Plus500 will charge a Currency Conversion Charge for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Fee will presently be up to 0.7% of the trade’s realised internet revenue and loss and shown in real time into the unrealised net revenue and loss of an employment opportunity.
Inactivity Fee – A cost of up to USD 10 monthly will be levied, must you not visit to your trading represent a duration of a minimum of 3 months. This cost will be charged when a month from that minute onwards, as long as no login is made to the account. The lack of exercise charge will amount to the lesser of the staying available balance in your account or USD 10 (or comparable depending on your currency). This is to balance out the cost incurred in making the service readily available, even though it has not been used. Please note that the cost is just collected from the Real Money account and only when there are sufficient readily available 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 cost from being charged.
Guaranteed Stop Order – if you select this feature, please note that as it ensures that your position (trade) closes at a particular asked for rate (cost), the trade goes through a wider spread.
Conclusion Plus500 costs
The expenses 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 look at the different costs you pay when you trade with Plus500.
Telefono Contacto Plus500
Software & possibilities
When you start trading, we understand that you of course likewise want to utilize a great software package. With Plus500 trading is primarily done via the online WebTrader. A great benefit of the WebTrader is the availability: you can visit to the platform at any time and from any area 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 rapidly find the CFD in which you want to trade. New clients will for that reason not need to search wish for buy & sell buttons on Plus500. Telefono Contacto Plus500.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is necessary to remember that with Plus500 you constantly sell CFDs. With Plus500 you never ever straight sell a share. The only thing that identifies your result is the difference in between the rate at which you open and close the position.
When you open a position, you have two choices. You can buy the CFD or you can go short on the CFD. When you buy the CFD you get a favorable result with a rising rate and when you offer the CFD you get a favorable outcome with a falling cost. Given that you use utilize there is a high risk of losing cash rapidly due to utilize.
The choice to speculate on a decreasing price is a major advantage within the Plus500 platform. The option to brief sell increases your versatility and makes it possible to react to various market scenarios.
Type of orders
With Plus500 you can right away open an order. When you press purchase or sell you will see the screen below:
In the order screen you can go into the amount you wish to trade with. You also have the alternative to automatically open or close the position after a particular cost has been reached. This makes it possible to protect you trades when you need to go out. Telefono Contacto Plus500.
It is likewise possible to place an order with Plus500. You do this by getting in a price at which you immediately open the CFD position. By utilizing orders, you can achieve even much better trading results.
With Plus500 you have the choice to use an utilize. With a lever you can take a larger position with the same amount of money. Both your possible profit and your prospective loss increase when you apply leverage. With each security you can right away see what the maximum utilize is that you can apply.
The presence of a take advantage of is an advantage in the review of Plus500. You can constantly decide to invest with smaller amounts if you wish to decrease your risk.
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less substantial than the WebTrader. You can carry out less extensive analyses with it. However, it works to likewise install the mobile application. With the app you can receive 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 therefore a strength in our evaluation of the Plus500 platform.
Telefono Contacto Plus500
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.
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you speculate on cost changes in currency sets. You can for example location a trade on the advancement of the euro against the dollar.
On Plus500 you can also trade in a comprehensive variety of CFD shares. The shares are nicely arranged by nation, so you can quickly find a share to trade.
It’s also possible to sell products by utilizing CFDs. The most popular commodity for trading is oil. You can often use an optimum leverage of approximately 1:20 to investments in raw materials. When you sell gold you can apply a leverage of 1:20.
On Plus500 you can likewise trade in CFDs on options. Alternatives frequently move strongly: an option can sometimes increase or fall in worth by 10s of percent. With CFDs you can apply an utilize of approximately 1:20 to choices, which further increases your possible gains or losses.
Indices or ETFs
On Plus500 you can also sell CFDs on widely known indexes or ETFs. You can for instance trade in the Dow Jones or NASDAQ index trackers.
At Plus500 you can also trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are extremely unpredictable and it can for that reason be interesting to actively hypothesize on their price developments. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument schedule subject to regulations”). Telefono Contacto Plus500.
Conclusion on the trading options at Plus500
Plus500 has a vast array of tradable CFD securities. Even relatively unknown regional stocks can typically be found 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 very positive.
Support & research
In this part of the evaluation, we examine how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the charts. Within the software application you can use various illustration choices. You can draw horizontal levels to indicate price levels where the market often moves in the opposing direction.
You can also include technical signs on the graph. The series of technical indications at Plus500 is huge. You can select from more than 100 various alternatives. It is a good idea to utilize technical signs. By utilizing technical signs, you can perform better analyses.
The technical analysis alternatives within the Plus500 software application are extensive. It is troublesome that you can not conserve numerous graphs. This implies that you have to duplicate the evaluates routinely. Expert investors would have to download other programs to carry out 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 entirely missing out on. There are no courses or webinars available at Plus500. This is a disadvantage for people who join Plus500 to find out how to trade better.
It works that you get a notification within the Plus500 software when interesting advancements happen. When the rate of, for example, oil falls dramatically, you will get a notice of this occasion. You can then choose for yourself whether you want to take a position on the market advancement. Telefono Contacto Plus500.
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 basic information is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our opinion.
Plus500 has a comprehensive and quick client service that is offered in more than 30 languages. Your problems can be fixed rapidly in your language.
It is recommended to get in touch with customer care through live chat. You can use the live chat button within the Plus500 WebTrader. By using the live chat, your problems can be resolved practically immediately.
It is also possible to email Plus500. Mails are frequently responded to within a day. It is a pity that no phone number is readily available. This makes it impossible to speak directly to someone. Due to the fast processing time, Plus500 still scores sufficiently in terms of customer care. Telefono Contacto Plus500.
Security & reliability
Prior to you transfer cash with a business, you naturally want to know that it is completely secure to do so. In this part of the evaluation, we look at how dependable Plus500 is.
Supervisors make sure that brokers adhere to the rules. Plus500 is supervised by:
- Plus500UK Ltd licensed & managed by the FCA (# 509909).
- Plus500CY Ltd licensed & managed 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 financial supplier in South Africa, FSP # 47546.
Security of your deposits
Depending upon your citizenship, you enjoy extra defense if Plus500 declares bankruptcy. This is done through a so-called financier security fund. All client funds are kept in a segregated client checking account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has actually also set several additional guidelines to guarantee that your cash is as safe and secure as possible on Plus500. Below you can find an overview of these measurements:
Plus500 will never ever speculate with customers’ cash. All funds are saved in a separate savings account, which suggests that this cash is safe and secure when unexpected things happen with Plus500. And finally, on Plus500 you are secured against an unfavorable balance, because he Unfavorable balance security is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never be left with a residual debt. Telefono Contacto Plus500.
Plus500 is 100% no rip-off. Plus500 securely handles customer assets. The company is also monitored. Plus500 has been around because 2008 and is even listed on the London stock exchange. These are all great signs that Plus500 is trustworthy and we have pertained to that conclusion ourselves.
Telefono Contacto Plus500
About the company
Plus500 was founded in 2008 and has actually grown strongly since then. Plus500 is active in more than 30 nations and served more than 200,000 active customers 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, but they have actually opened numerous extra workplaces in other nations. Do you would like to know more about the Plus500 company? In this post you will discover whatever you require to understand!
Conclusion review Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by using 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 placing orders on both fluctuating prices. Telefono Contacto Plus500.
Do you want to discover how Plus500 works? Then right away open a free demo-account by pushing the button listed below: