Plus500 Commission or Brokerage Charges – Review, Plans, FAQs & moreLast Updated Date: Nov 17, 2022
Get to know everything about Plus500 Commission or Brokerage charges here.
If you are searching for the best forex broker that could grant you a solid foundation of the market, consider Plus500.
This one of the best digital broker that makes your trading relatively more enjoyable.
Though, one thing that may certainly stop you from giving Plus500 a try is the Plus500 Commission. Most traders are still unclear how Plus500 charges commission on trade.
Before getting started with a broker, many people prefer figuring out some core pointers of trading, and brokerage charges are undoubtedly one of the most precious of them.
Therefore, to ensure you have no concerns left, below we bring you some vital information around the Commission that Plus500 charges.
Plus500 Commission or Brokerage Charges
You can find many traders establishing a full-time career in trading over the past few years. This certainly makes it obvious that trading is packed with opportunities.
All that you need, perceive the basics of trading, and you are ready to enter the league.
Such as “Plus500 Commission” is a worthy term if you want to start trading with the Plus500 trading platform.
Plus500 brings a reliable and simple solution to trade CFDs on, Shares, Forex, Crypto-Currencies, and Indices. But when it comes to charges, there’s nothing to fear about.
Plus500 Fees are zero; the broker charges zero commission on every trade you execute.
Plus500 is a No dealing Desk broker, which signifies the broker doesn’t charge any amount on buying and selling assets from traders.
However, it’s worth noting the broker mainly gets its earnings from “market spread.”
Apart from that, the broker poses penalties on trades that are found invalid. Let’s discuss the Plus500 and its charges.
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Types of Plus500 Commission Plans
|Types of Commission Plans|
|Account Type||Standard Account||Professional Account|
|Commission||No commissions||No commissions|
When you enter the trading world, your passion for this one of the most controversial sectors will likely go higher as you step up in your experience.
It is controversial because new traders often get confused while weighing up profits/losses from trade.
Such as, most people are still unclear on the Plus500 Commission.
Mainly newbies believe Plus500 is an ideal broker to trade CFDs on different assets but are unsure about the commission that the broker charges.
So let’s make it easier.
As said above, Plus500 is a no-deal desk broker. It charges zero commission from every single trade you execute. Only “market spreads” are the chief income source to the broker.
Plus500 charges no commission in both accounts even though it is a “standard account” or a “professional account”.
But you will be required to submit $100 in both accounts as an initial deposit amount if you want to get started with Plus500.
By doing this, the broker provides you access to enticing leverage that starts from 1:30 and goes higher up to 1:300.
Leverage largely depends upon the account you choose. Typically, professional account users receive higher leverage which is very obvious.
Apart from Plus500 Brokerage, if we talk about spreads, both accounts offer fixed spreads.
This indicates that you can trade with confidence because you know the trading cost.
Plus500 Account Opening Process
After covering in brief about Plus500 Commission, let’s glance at the account opening process to access your personal trading account at Plus500.
The account opening process can be quick or lengthy.
It depends upon how well you enter the required details asked by the broker. In certain events, people forget to comply with the standard practices of the account opening process.
To simply put, if your submitted documents fail to clarify the identity that you mention manually, your account may be rejected or delayed.
Therefore, it’s always recommended to perceive precisely what the account opening process guides.
Here are the steps you need to follow to open a trading account at Plus500.
- Start with a log-in process. Give your email Id and set the password
- Verify your G-mail id
- Proceed with the EKYC process and submit documents
- Mention details carefully
- Wait for the verification
- Check out Plus500 Charges and start trading
If you want to trade after some time on Plus500, as you want to understand the broker’s offering for trading from end to end, try a demo account.
Though this virtual account may not help you in knowing Plus500 Brokerage in any way yet, you can learn how to trade at Plus500 from scratch.
Plus500 Payment or Withdrawal Methods
|Deposit Options||Credit Card, Moneybookers, PayPal, Skrill, Wire Transfer|
|Withdrawal Options||Credit Card, Moneybookers, PayPal, Skrill, Wire Transfer|
Plus500 also offers you a series of payment options for a convenient transaction. Users can opt for any best payment method that they find more reliable.
But make sure that payment options are exempt from Plus500 Charges.
In most events, the charges you incur on transactions might be imposed by the respective financial institution.
Mainly if you are trading assets from overseas, such issues are normal to occur.
When it comes to the type of payment options Plus500 offers, these include the following:
- For payment – Credit Card, Money bookers, PayPal, Skrill, Wire Transfer
- For withdrawals – Credit Card, Moneybookers, PayPal, Skrill, Wire Transfer
Unfortunately, the broker doesn’t offer an extensive list of payment methods to choose for trading. Still, you can find the safest and most popular payment option on the list.
Again, don’t forget to check out Plus500 Fees involved, if there’s any.
Even though the broker doesn’t charge any commission on trade, nor does it charge any additional fee while funding an account, still the country – where you live – decides varying parameters of trading.
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Plus500 Investment Assets
|Supported Cryptocoins||bitcoin, bitcoin cash, Cardano, eos, ethereum, iota, litecoin, monero, neo, ripple, stellar, Tron|
|Total Tradable Assets||2774|
|Number Of Currency Pairs||72|
|Number Of Cryptocurrencies||10|
|Number Of Stocks||1787|
|Number Of Indices||32|
|Number Of Commodities||20|
|Number Of Futures||52|
|Number Of Options||765|
|Number Of Bonds||N/A|
|Number Of ETFs||88|
Here comes the most precious subject of this entire review of Plus500 Commission.
It’s certainly clear that Plus500 has no commission-charging rule. You can trade your favorite asset free of cost (inclusive of conditions).
So, now let’s talk about which type of assets comes under a commission-free trading facility.
Unlike other brokers, Plus500 offers you a commission-free trading facility on almost every trade you execute.
Most brokers impose different charges on different assets you trade through their trading platform.
But luckily, Plus500 has no such rules. From crypto-currencies, stocks to indices, you can trade CFDs on almost any asset you wish to trade.
The broker provides you access to 2700+ assets which isn’t that bad.
The most notable thing is that 1700+ of these assets include stocks of some of the most popular companies.
If we mention crypto-currency, the broker offers you Bitcoin, Bitcoin-Cash, Cardano, Eos, Ethereum.
This also includes other crypto-currencies such as iota, Litecoin, Monero, Neo, Ripple, Stellar, Tron. Other assets’ varieties are also remarkable.
Plus500 Commission – Conclusion
The rising opportunities and expanding scope of trading make it an attractive hub for youngsters to generate income.
Mainly when it comes to CFDs trading, you can make more. But it is more likely to depend upon your trading decision.
You must trust a reliable broker just like Plus500 that helps you trade your favorite assets in an innovative style.
Plus500 Commission doesn’t mount any stress over your portfolio since the broker charges nothing on trades.
The broker earns from market spreads which are worth considering.
However, Plus500 asks you to fund your account with an initial deposit amount of $100, which is a bit unaffordable for many in the beginning. Apart from that, it is a great online trading platform.
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Plus500 Charges or Fees – FAQs
Here is the list of FAQs related to the Plus500 commission:
Does Plus500 Charge Commission?
Plus500 is a no-deal desk broker, which means the broker doesn’t charge any commission on every trade you execute.
Unlike another trading platform, you can buy and sell assets free of charge. But it’s worth noting that Plus500 mainly earns from market spreads.
How Much Does Plus500 Charge Brokerage?
Plus500 charges zero dollars on the trade you execute.
Yet, it’s worth considering that the broker is more likely to charge you a $10 inactivity fee if you don’t log in back to your trading account for more than three months.
The amount will automatically begin to deduct from the $100 that you deposit initially.
What Is The Minimum Deposit Required In Plus500?
To get started with Plus500, you need to submit $100, which is the minimum deposit amount mandated by the broker.
If you are unable to submit the amount, the broker may refuse to give you the benefit of its trading platform.
You wouldn’t be able to buy or sell assets at Plus500.
However, a demo account is also a great alternative if you just want to explore the Plus500 trading platform.
How Much Leverage Does Plus500 Provide?
Plus500 leverage typically starts from 1:30 and goes up to 1:300. The broker offers you two trading accounts – standard and professional trading accounts.
Each trading account offers you different leverage support. Such as, a standard account gives you 1:30 leverage which is 1:300 in the professional account.
How Much Is Spread At Plus500?
Plus-500 has fixed spreads that are the major earning source for the broker too.
Since Plus500 is a no-deal desk broker, market spreads appear as the chief source of income.
However, fixed spreads are also beneficial to traders since you can feel confident about prices.
What Type Of Commission Plans Are Available In Plus500?
Plus500 has no commission plans that relieve users.
However, the broker may charge a penalty for violating the policy or terms and conditions of the respective trading style you choose.
To simply put, the broker charges $10 from the users who don’t log in to their trading account for up to 3 months.
Does Plus500 Provide Cryptocurrency For Investment?
Yes, Plus500 provides crypto-currency for trading.
Bitcoin to some unpopular crypto-currencies, the broker has a wide series of assets in its crypto-currency section to choose from.
Using some helpful indicators and responsive charts, you can derive the best insight from the market and make profits.
Is Plus500 A Legit Forex Broker?
Yes, Plus500 is a legit Forex broker, and no one can resist this fact.
Plus500 is an award-winning broker.
Top-tier regulators ASIC, CySEC, FCA, FSB, ISA, and MAS license Plus500 online trading platform. Thus, there’s nothing wrong to call it a legit forex broker.
Can I Invest In Plus500 With $5?
Yes, you can trade with $5 only on the Plus500 trading platform but at a certain condition.
You will be required to submit $100 as an initial deposit amount that you can’t use.
If you want to trade, you’ll have to bring an additional amount, be it $5 only.
Are there any Hidden Charges Available With Plus500?
No Plus500 doesn’t mount any hidden charges over its users, but always make sure that you aren’t repeating any mistake that drops you under expensive penalties.
Such as, inactivity fees and overnight fees may cause panic situations for you if left unnoticed.
Fill up the Form – Open Forex Trading Account Now!
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