Plus500 Review – Reliability, Experiences and Explanation =

Our Plus500 review, full of explanations, experiences, tips and aspects to take into account. Not only do you of course read what exactly you can expect from Plus500, but we also highlight aspects such as the costs, advantages and disadvantages of the platform.

As usual, we also take a look at the security of the platform. But above all, you can prepare yourself for a qualitative review in which you learn everything about what Plus500 is all about, what you can use it for and how you can earn from Plus500.

Because let’s say it like it is, you’re here because you want to make money. And not a little money so that you can buy the monthly stamps or that slice of better quality ham on your sandwich. No, you want to make Lamborghini-scary a lot of money. So it helps if you can make well-considered and informative choices to determine what suits you.

And since time is money, for both you and us, let’s dive right into today’s main topic: our Plus500 Review. Without bells and whistles, but equipped with AllesOverCrypto. Let’s go!

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  • View quickly
  • What is Plus500 actually?
    • What is Contract For Difference (CFD)?
  • Plus500 and cryptocurrencies
  • Safety and reliability of Plus500
  • The costs of Plus500
  • Register with Plus500
  • Investing in crypto via Plus500
  • The pros and cons of Plus500
    • The benefits of Plus500
    • The disadvantages of Plus500
  • Conclusion

Don’t panic, we will immediately start with our textual explanation about Plus500. Sometimes it helps to get a bit of an idea of a platform by watching a short introductory video. You will immediately get some insight into the different possibilities and you will get a sense of what we will be talking about today.

Then, before you read any further, take a look at this short introduction video of Plus500 Trading Platform. It takes less than three minutes of your time and you immediately have a head start for when you start the rest of the article.

 

 

What is Plus500 actually?

Do you use social media such as Facebook? Then the chance that you have already seen Plus500 as an advertisement is considerable. Plus500 is particularly active in the field of advertising and therefore appears on many laptops as advertising.

Before you get started with a platform, it is important to know what a platform is and what a platform is not. Perhaps the latter is important for most Crypto traders among us.

Plus500 is not a cryptocurrency exchange, as you may be used to from other platforms. Plus500 is a trading platform and a broker, so you do not actually own cryptocurrencies, but rather respond to a price direction.

This is also known as trading CFDs, or ‘Contract for difference’. At Plus500 you can trade CFDs for stocks, indices, foreign currencies (Forex) and cryptocurrencies.

 

What is Contract For Difference (CFD)?

It is a common term in financial trading, CFD. It is a term that originated in 1990 and has since been rolled out more widely worldwide.

A contract for difference (CFD) is a contract between two parties. These are usually described as a buying and a selling party, where the seller pays the difference (i.e. the difference) between the value of what the property sold is worth at the time of purchase versus the time of sale.

If the result is negative, the buyer pays the seller again. In addition, CFDs usually work with a leverage effect, also known as leverage or multiplier. This increases your profits (but also your losses), which means that CFDs entail a relatively large amount of risk.

Plus500 and cryptocurrencies

As mentioned, there are a number of modules that you can use at Plus500, or in which you can trade CFDs as an investor. Let’s briefly list them:

  • Plus500 Crypto
  • Plus500 Indexes
  • Plus500 Forex
  • Plus500 Resources
  • Plus500 Shares
  • Plus500 Options
  • Plus500 ETFs

It should of course be clear that we (and hopefully you too) are most interested in the Plus500 Crypto module. Let’s grab the page!

 

 

At Plus500 you can trade cryptocurrency CFDs with a maximum leverage of 2x, i.e. for every €100 you invest, you can trade as if you had invested €200. In practice, this means that the possible profit you achieve is doubled, but the same also applies to your losses.

At Plus500 you can speculate on the prices of the following major cryptocurrencies:

  • Bitcoin
  • Ethereum
  • Litecoin
  • NEO
  • Reipple
  • IOTA
  • Stellar
  • EOS
  • Bitcoin Cash
  • Cardano
  • Tron
  • Monero

These cryptocurrencies are just the tip of the iceberg when you take a closer look at Plus500’s entire playing field. More than 2000+ financial instruments are offered, including a huge amount of shares, commodities and index funds.

Safety and reliability of Plus500

In the world of digital financial services, little is more important than a sense of security and trust in a platform. Of course there is always a risk that a platform will be hacked, but that is no different with your regular bank.

Yet, due to a lack of security, one platform is more likely to be attacked than another platform. And as a user you therefore run a greater risk with one platform than the other.

So what about the security and reliability of Plus500?

We can be brief and clear about this: Plus500’s safety and reliability are excellent. Not only do we find several successful security measures (such as bio-metric authentication for the mobile application) and timers that automatically log users out over time.

Plus500 is also registered with all major European and Asian authorities, all of which have very high requirements for their authorizations:

  • Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA # 509909). Office Address: Plus500UK Ltd, 78 Cornhill, London EC3V 3QQ
  • Plus500CY Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14)
  • Plus500AU Pty Ltd holds AFSL # 417727 issued by ASIC, FSP # 486026 issued by the FMA in New Zealand and Authorized Financial Services Provider # 47546 issued by the FSCA in South Africa
  • Plus500SEY Ltd is authorized and regulated by the Seychelles Financial Services Authority (license number SD039)
  • Plus500SG Pte Ltd (UEN 201422211Z) holds a capital market services license from the Monetary Authority of Singapore to trade capital market products (license number CMS100648-1)

The costs of Plus500

As mentioned, online trading platforms are all about making money. And the trading platform itself is of course no exception. Of course, such a platform does not consist purely of charity to make you rich as a trader. No, they also want to earn nice money from all the trade that takes place from their platform.

So yes, Plus500 charges. Contrary to what you may be used to, Plus500 does not charge a fixed percentage or a monthly subscription. Plus500, on the other hand, charges via a market spread. In terms of reasoning, it works the same as a transaction fee, but with a market spread, the amount differs greatly per product in which you want to trade.

The fee in terms of market spread at Plus500 varies between 0.02% and 2.00%. Depending on where you are on this scale, the costs are relatively cheap or relatively expensive compared to other platforms. The costs are always clearly indicated with each transaction.

Register with Plus500

Do you also want to plunge into the wonderful world of CFDs and Crypto? Then you can easily register with Plus500. You can also use the demo function that Plus500 offers, so that you can first get a feel for the platform before you start working with real money.

It is always wise to get started with play money before you want to trade with real money. Most negative reviews have the sole origin that people have lost (a lot of) money on the Plus500 platform.

That said, trading is never risk-free and enabling leverage only amplifies this of course. Being able to get rich faster always means being able to get poor faster.

You can easily create an account at Plus500, for both the demo variant and the real variant. To do this, enter an e-mail address and a password and create an account. Would you rather link your Plus500 account to Facebook, your Apple ID or Google? Then that is also possible.

After your account has been created, you can immediately get started on Plus500.

Investing in crypto via Plus500

Once you are logged in you can choose which type of instruments you want to go for. Instruments are the collector for Forex, Crypto, Index, Stocks, et cetera. Choose ‘Crypto’ and you will immediately enter the screen where you can buy or sell the aforementioned Crypto.

Again, keep in mind that buying does not mean you actually own the Cryptos and selling does not mean you actually sell the Cryptos. Since you are trading CFDs, the terms mean something different in this context.

You buy a CFD when you expect the price to rise in the long term. Another term for this is also ‘going long’. Is the price really going up? Then you earn money for your prediction. Is the price going down? Then you lose money.

Conversely, you sell a CFD if you expect the price to fall in the long term. The term that is also used for this is ‘going short’ or ‘shorting’. Is the price going down? Then you make money, even if the price goes down. Will the price go up? Then you lose money.

It doesn’t sound terribly complex, but keep in mind that 76% of consumer investors lose money on Plus500, according to their own website.

 

 

The pros and cons of Plus500

Not every platform suits every type of trader. A lot depends on a bit of personal preference and whether a platform suits you depends strongly on which resources you want to trade yourself and whether the platform is somewhat in line with what you like as a trader in terms of functionalities.

Plus500 is one of the world’s market leaders in CFDs and online trading, so the platform does have some points that seem to inspire millions of customers. We have listed a number of generic advantages and disadvantages for you.

The benefits of Plus500

  • In addition to a large number of Cryptos, access to more than 2000 other trading instruments.
  • The platform and registration process is very easy to use.
  • Regulated by the strictest regulators in the world, the English FCA.
  • An internal protection against a negative balance (so you can never lose more than what you have invested)
  • Guaranteed stop-loss orders

The disadvantages of Plus500

  • Plus500’s customer service isn’t huge to write home about.
  • The information available for the platform is very limited. This can make it difficult to read yourself properly in the beginning.
  • The Plus500 platform cannot be linked to trading tools or other trading platforms. This makes it fairly isolated on its own.

Conclusion

Even though Plus500’s primary focus is not on cryptocurrency trading, it is certainly a very pleasant platform to get started with if you are looking for a reliable party and a safe platform to combine cryptocurrency trading with CFDs.

Admittedly, you cannot tell your friends that you own so much Bitcoin because you cannot actually count the Cryptos in question as your property, but a moan who pays attention to that.

The platform therefore focuses mainly on more experienced traders who already have some knowledge of the subject and who know the market and the associated risks well. CFD trading is a lot less suitable for absolute beginners.

Do you want to take your very first steps in Crypto trading? Then first immerse yourself in the matter by following our free online training. Learn first, invest later!

Would you like to discuss with others whether they already have experience with Plus500 and the services they offer? Then start a discussion in the Crypto Facebook group or the Crypto Forum. Also let us know if you have any interesting ideas about a blog topic of your own. Who knows, we might write for you next time!

 

 

 

 

 

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