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Plus500 experiences and test 2023
If you are looking at alternatives to savings accounts and fixed-term deposit accounts because you want to build up assets, you will probably come across the topic of shares. Nowadays, classic investments such as savings products no longer bring the desired success – taking inflation into account, one can even say that the current interest rate offered by the banks will ultimately reduce the value of money. This means that there is a real loss of monetary value.
With Plus500 you can find your way into trading as a trader and discover exciting alternatives to classic investments. But what to look out for – even before you start looking at Plus500?
The fact that Plus500 is reputable should be clarified in advance, as well as the question of how high are the possible Plus500 costs such asPlus500 fees. The following Plus500 test may well be a help to get a personal Plus500 rating.
The Plus500 review: A look at the homepage
The so-called usability of the provider may well play a small role when it comes to the final Plus500 rating. It is important to take a look at the Plus500 experiences in advance. Are there corresponding Plus500 testimonials that are rather negative about the website or can Plus500 sometimes convince here?
The homepage, as the Plus500 test has shown, is quite clearly designed. From the very beginning, care has been taken to ensure that even beginners will not have any difficulties. So everything was arranged in such a way that a longer search will not be necessary right from the start.
Furthermore, the Plus500 test shows that information on trading activity has been clearly defined. On the upper side of the homepage you will find the categories “Company”, “Registration”, “Instrument Category” as well as “Trade” and the “Language Selection”.
The Plus500 test has also shown that, as mentioned in one or the other Plus500 review, there is an app for free download. This means that you can then access the account on the go. The app is available for iOS and Android devices and can be downloaded at any time from the respective shop (Apple App Store for iOS and Google Play Store for Android) and installed on the mobile device. By the way, the installation is self-explanatory. Traders will have no difficulty here. In addition, the entire installation process takes less than five minutes and the app is logical and structured. After the deposit has been made, trading can also start here on the real money account.
In conclusion, it may be noted that the homepage does not play a major role when it comes to the final Plus500 rating, but in the end it should not be completely ignored. If the homepage were clearly confusing, this would have a negative impact on the Plus500 rating. But also the Plus500 experiences, which can be found on the Internet, are more or less about the fact that the Internet presence is extremely good and can be described as successful.
Plus500 demo account and real account can be used together
If you compare the offer of Plus500 in the area of account models, you will notice that there is exactly only one variant that the provider provides. This means that you don’t have to consider any advantages or disadvantages at the beginning. The account, as the Plus500 test has also shown, is available to all traders, even professional traders like to use it.
In addition to the real money account, there is also the possibility to use the Plus500 demo account. The big advantage of working with the Plus500 demo account at the beginning? 40,000 euros virtual credit. This means that a quite handsome sum is already offered here in order to be able to get to know the market safely. Furthermore, the Plus500 demo account is available with an unlimited term. Another advantage.
The Plus500 depot test has also shown that the Plus500 demo account and also the real money mode can be used together. This means that you can try out strategies at any time and observe your assets along the way. The corresponding Plus500 testimonials also go in the direction that this variant is considered very positive.
In the end, the Plus500 demo account may clearly provide a positive point in the final Plus500 rating. Because here you don’t have to put your savings at risk right from the start – you can gain Plus500 experience without having to take any risks. This will appeal especially to beginners who are still unsure or want to observe the market first.
The trading platform in the Plus500 test
If you want to gain Plus500 experience, you will probably want to take a look at the trading platform at the beginning. Because the trading platform is quite crucial when it comes to wanting to make potential profits in the course of CFD trading. The Plus500 test shows – and the Plus500 experience confirms – that this is possible here. For example, you can work with real-time data that is offered without additional Plus500 fees, and you can use some instruments to better estimate and assess price developments, but higher spreds may be incurred.
The trading platform is not only available via the browser version, but also as an app – so you can also participate in CFD trading via the mobile device. The corresponding app can be found in the Google Play Store (Android) and the Apple App Store (iOS). The installation is self-explanatory.
Plus500 is also convincing here, so there is another plus point for the later Plus500 rating. The trading platform offered here, as the Plus500 test also proves, is user-friendly, but may also be ideal if you have already gained experience in the field of trading.
Payment methods in the Plus500 test: Now follows the first indication that Plus500 is reputable
The Plus500 review also looks at the payment methods that are accepted by the broker. Compared to other providers, the focus here is on a relatively wide variety. In addition to the classic SEPA bank transfer, you can also top up your account with your debit or credit card and use an electronic wallet, i.e. Skrill as PayPal.
And this is exactly where you will already have the first indication that Plus500 is reputable. PayPal, one of the best-known and probably most sought-after online payment service providers, is only available on sites that operate seriously. If you still have doubts about whether Plus500 is reputable, you should then check whether the provider is regulated.
The Plus500 test shows that, depending on the payment method chosen, there may be different waiting times until the money is available in the account. For example, there are Plus500 testimonials that deal with the fact that when you choose a bank transfer, the money is then in the account two to four working days later – when using the credit card or using PayPal, the money is immediately available.
So if you want to gain Plus500 experience as quickly as possible, then it is advisable to decide against the bank transfer and for the credit card or PayPal. Provided you have a credit card or PayPal account.
The fact that different payment methods are accepted here may be positive for the eventual Plus500 review. Because here you can probably choose your favorite payment method and don’t have to make any compromises. This is also confirmed by the Plus500 experiences that can be found on the Internet.
Is the customer service convincing in the Plus500 test?
Of course, the Plus500 test must also deal with the question of whether the customer service can convince. Because again and again it can happen that you have questions or difficulties such as problems arise – and then, of course, you want help.
The Plus500 test shows that employees are available 24 hours a day, seven days a week. This may be a plus point in the Plus500 rating. Because here you can contact the customer support staff at any time. However, there are only two ways of communication: live chat and email.
If you follow the Plus500 experience, then e-mails are answered within a few hours. The live chat offers the advantage that you get an immediate answer to your question.
However, the FAQ section must be positively emphasized for the Plus500 rating. This is where Plus500 exceeds all expectations – and this is also proven by the Plus500 experiences that can be found on the Internet.
The FAQ section of the broker is divided into different categories. The following areas are available (in alphabetical order):
- Supervisory authorities
- Submission of identification documents
- Financial instruments
- Fees and charges
- Account verification
- Account processing
So if questions arise, you can probably find an answer here, as the Plus500 test also proves. The FAQ section is excellently structured and is a help if problems have arisen in the course of registration or in the area of trading.
A few clear proofs that Plus500 is reputable
The Plus500 test has shown that it is an internationally operating broker. It should be noted that Plus500 is divided into several subsidiaries:
- Plus500UK Ltdis authorised & licensed by the FCA (509909).
- Plus500CY Ltdis authorised and regulated by CySEC (250/14).
- Plus500SG Pte Ltd, licensed by MAS (CMS100648-1).
- Plus500SEY Ltdis authorised and licensed by the Seychelles Financial Services Authority (Licence No. SD039).
- Plus500AU Pty Ltd(ACN 153301681), licensed by: ASIC in Australia, AFSL 417727, FMA in New Zealand, FSP 486026; authorized by Financial Services Provider in South Africa, FSP 47546.
Due to the fact that every single subsidiary of the broker is licensed by the relevant regulator, there is no doubt that Plus500 is reputable. Also with regard to the deposit protection of customer funds, it becomes clear that Plus500 is reputable and you don’t have to be afraid of fraud or questionable decisions, which would then subsequently harm customers.
All client funds are held by Plus500 in a segregated bank account, in accordance with the Cyprus Securities and Exchange Commission (CySEC) regulations for client funds.
Finally, it should be noted that there are no Plus500 testimonials that deal with the fact that the broker is dubious. The Plus500 experiences that the traders make are very positive – the broker, as the Plus500 test also proves, knows how to satisfy its users.
Additional offers reduce the risk
With the additional offers that Plus500 provides, you can reduce the risk and subsequently maximize the profit. For example, price alerts and dealer opinions are offered – that is, you get an overview of how the majority thinks about certain price developments.
The fact that there is a free Plus500 demo account clearly speaks for the provider and in the end also has a positive influence on the Plus500 rating.
So if you have convinced yourself in the end that Plus500 is reputable, it is then about the offer and the associated Plus500 costs such as Plus500 fees. Because if you find that the Plus500 fees would eat up the profits, it is probably advisable to opt for another provider. However, there are many Plus500 testimonials that are about the fact that you don’t have to be afraid of the Plus500 costs.
The trade offer
First of all, the Plus500 test dealt with the trading offer. Is it possible to keep up with the competition here? The fact is: Plus500 is a pure CFD broker – other financial instruments or investment options are not available here. This is also the reason why the broker will probably only appeal to risk-affine traders in the first place – if you want to gain Plus500 experience, you have to keep in mind that there is not only the possibility of making high profits, but also the risk of a loss is high.
The following underlying assets are available for CFD trading (alphabetical order):
- Foreign exchange
The Plus500 test as well as the Plus500 experiences prove that the offer presented here is diverse. After all, there are some cryptocurrencies, more than 60 currency pairs as well as popular indices (US TECH 100, USA 500 or France 40) and stock CFDs from popular markets such as commodity CFDs (oil, silver or gold), all of which can be traded with leverage. Popular exchange-traded funds – ETFs for short – are also available here.
Of course, this may all be positive for the Plus500 rating. A true variety is offered here, which can certainly be described as excellent.
The cost of trading
Even in the area of Plus500 fees, the provider can ultimately convince all along the line. The Plus500 costs remain low due to the tight spreads and the fact that the commissions are waived. Furthermore, as the Plus500 experience proves, there are no hidden Plus500 costs. So in the end, you don’t have to be afraid that the Plus500 fees will have too big an impact on your profits.
All fees incurred in the context of trading are displayed transparently, so that you have an overview of which amounts are then deducted or how high the Plus500 costs are.
It should be noted that there is a Plus500 fee that must be taken into account if you do not use the account for more than three months: the inactivity fee. This amounts to 10 US dollars/month. However, this Plus500 fee will only be deducted if there is a credit balance in the account. If this is not the case, then this Plus500 fee will not be deducted.
The trading conditions
When it comes to CFD trading, it’s all about speculating on the price. So you open long positions when you think the price is going up and you open short positions when you think the price is going down. With appropriate instruments, such as Stop Loss or Take Profit, you can reduce the risk.
According to the trading conditions offered here, there may well be positive experiences. In the end, the Plus500 test comes to the result, you may be relatively attractive here, so that this is positive for the Plus500 rating.
The conclusion on Plus500 CFD
Plus500 is certainly one of the leading brokers in the field of CFD trading. And if you look at the offer that is made available here in the course of the Plus500 test, then that may not be a surprise. The Plus500 experiences also speak a clear language here – there is actually no need for improvement here.
The Plus500 review after the Plus500 test
The question of whether Plus500 is reputable has already been clarified – there is no doubt about it. Plus500 may also be convincing when it comes to the offer, as long as you know that it is a pureCFD broker.
The Plus500 fees such as Plus500 costs are extremely low, so this area can also be positively emphasized. So you don’t have to be afraid of hidden Plus500 costs or sometimes worry that the Plus500 fees will eat up the credit.
The final Plus500 rating is positive. In the course of the Plus500 test, there were no other negative points or aspects only with the fact that there is no Plus500 demo account. Plus500 may therefore be a recommendable broker if you want to trade CFDs.