Bitcoin is one of the cryptocurrencies that can perform operations on Plus500. It allows trading of these tokens with leverage. Leverage at Plus500 is an operation where you can invest more than your contributed capital. This leverage can be x2, x5, x10 x20, and x30. Although in cryptocurrencies, it is usually limited to the lowest limit (usually x2) due to operating risks.
In 1:10 leverage, the user will contribute €1 capital, but his actual investment in the asset is €10. Depending on the investment type and its value evolution, it can multiply profits and losses. Therefore, it is considered a high-risk operation. It is even more so in cryptocurrencies, which are subject to high levels of volatility (the value experiences strong ups and downs in a short period).
Currency in Plus500
At Plus500, you can invest in currencies with leverage up to 1:30, which allows you to start with a minimum of €100 and invest with securities up to €3,000. With Plus500, you can easily open an account and start trading instantly.
Note that currency conversions have a commission paid when you perform operations in a currency other than the user’s account currency. It can amount to up to 0.7% of operating profit and loss.
Raw materials in Plus500
If you wish to trade commodities on Plus500, it is also possible. Remember that the leverage is 1:20, with a minimum of €100. Remember that raw materials can be classified into two types: Hard Commodities or Soft Commodities, depending on the type of material.
Index on Plus500
The index is one of Plus500’s flagship products and has a leverage of 1:20, always with a minimum of €100. The indices are available on Plus500 and cover countries such as Germany, the United States, Japan, Norway, Greece, Sweden, France, and Poland.
When operating at Plus5000, you will have to face a series of commissions. Depending on the type of surgery we perform, we may or may not meet one of the following:
- Stock Trading Commission – Charged when opening or closing a CFD position.
- The currency conversion fee will be paid when the operation is performed in a currency other than the user’s account currency. This may be up to 0.7% of operating profit and loss.
- Guaranteed Stop Order: With this option, you can close a position when a certain rate is reached.
- Inactivity Fee: If your account is inactive (without logging in) for three months, a fee will be charged. It may be up to $10 per month.
After reviewing Plus500, the most positive opinion is about the platform and application. Users also agree that it is very easy to use. Other comments have also highlighted the usefulness of using a demo account. This way, they plan their strategy and can also learn about the instruments and the market without taking risks.
On the other hand, there are also some complaints about the very high price of the product. In addition, investment options through CFD are also very limited.
How to buy on Plus500
To buy on Plus500, you need to follow some simple steps, which you will find below:
- Access your Plus500 account
- In the search engine at the top, indicate the company you want to buy from
- Observe on the right side of the action box
- Click Buy
- Indicate the amount you want to purchase and click Buy
How to sell on Plus500
If you want to sell on Plus500, follow these instructions:
- Login to your Plus500 account
- Find the brand you want to sell
- Click Sell on the right side of the screen
- Mark the amount you want to sell
- Click Sell
How to withdraw money from Plus500
You can withdraw money from Plus500 whenever you want, although depending on the payment method you choose, the platform may require a minimum amount of:
- Login to your Plus500 account
- Click Fund Management
- Click Withdraw
- Choose your desired withdrawal method
- Complete the data
- Click Delivery
How to verify an account on Plus500
You can verify your account at Plus500 in three steps:
- Plus500 identity verification: with an official document such as an ID card or passport that includes a photo, identity number, full name, date of birth, and expiration date.
- Residence verification on Plus500: an invoice, city tax receipt, bank statement, or letter from the Tax Agency can be used.
- Plus500 payment method verification: copy or scan of bank statement or credit or debit card requested.
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