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Plus500

  • #1
  • First Post: Oct 19, 2014 12:03pm Oct 19, 2014 12:03pm
Hi,

I am new to Plus500 as I have moved over from Alpari. I am confused about margin requirements I am looking to trade at 60p a pip on EUR/USD how much margin would I need to trade at this level? and how many lots does it workout to be.

Is there a tutorial or a spreadsheet which shows the value of per pip with margin required?.
Skype ID - jagpal.kooner1
  • #2
  • Oct 19, 2014 12:44pm Oct 19, 2014 12:44pm
Quoting jagpalsingh
Hi, I am new to Plus500 as I have moved over from Alpari. I am confused about margin requirements I am looking to trade at 60p a pip on EUR/USD how much margin would I need to trade at this level? and how many lots does it workout to be. Is there a tutorial or a spreadsheet which shows the value of per pip with margin required?.
without the leverage you want to use, it is impossible to tell the margin requirements...
there is always, always another trade!!
  • #3
  • Oct 19, 2014 1:08pm Oct 19, 2014 1:08pm
Its 1:200 on plus500



Quoting profitfarmer
{quote} without the leverage you want to use, it is impossible to tell the margin requirements...
Skype ID - jagpal.kooner1
  • #4
  • Oct 19, 2014 1:34pm Oct 19, 2014 1:34pm
Quoting jagpalsingh
Its 1:200 on plus500 {quote}
OK, so given EURUSD, 60p / pips and 1:200 leverage...

trade size 0.1 lot...per pip value 0.62p...margin required 29.63 Gbp.
there is always, always another trade!!
  • #5
  • Oct 19, 2014 1:58pm Oct 19, 2014 1:58pm
Quoting profitfarmer
{quote} OK, so given EURUSD, 60p / pips and 1:200 leverage... trade size 0.1 lot...per pip value 0.62p...margin required 29.63 Gbp.

Thanks for the reply but it's in euros you have to buy minimum being 2000 this is really confusing. Here's a screenshot of it to understand


Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 101 KB
Skype ID - jagpal.kooner1
  • #6
  • Oct 19, 2014 2:01pm Oct 19, 2014 2:01pm
used this, toy around with it to find your numbers...
https://www.exness.com/tools/calculator
there is always, always another trade!!
  • #7
  • Oct 21, 2014 3:28am Oct 21, 2014 3:28am
Quoting jagpalsingh
Hi, I am new to Plus500 as I have moved over from Alpari. I am confused about margin requirements I am looking to trade at 60p a pip on EUR/USD how much margin would I need to trade at this level? and how many lots does it workout to be. Is there a tutorial or a spreadsheet which shows the value of per pip with margin required?.
Hi jagpalsingh,

Sorry to hear you've moved. However, thought I'd jump in and offer to help. Our forex trading calculators cover margin, pip value, profit/loss and risk percentage, and can help you quickly and easily calculate trades and manage your risk.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #8
  • Jan 19, 2015 5:51pm Jan 19, 2015 5:51pm
Quoting jagpalsingh
Hi, I am new to Plus500 as I have moved over from Alpari. I am confused about margin requirements I am looking to trade at 60p a pip on EUR/USD how much margin would I need to trade at this level? and how many lots does it workout to be. Is there a tutorial or a spreadsheet which shows the value of per pip with margin required?.
Good thing you moved from Alpari. Are you still trading with Plus500? How is it working out? Any feedback please. Thanks.
  • #9
  • Feb 8, 2016 9:01am Feb 8, 2016 9:01am
do not go near this bucketshop plus500....i had three small trades running with three brokers . Two brokers closed my trades at stop loss. Plus 500 closed my position 103 pips lower. They explained they could not close my trade at my stop loss. Tiny trade and it was eur/usd, the most liquid pair.. Their regulator is looking in to it......stay away from plus 500
It's a big game.
  • #10
  • Mar 20, 2016 3:44pm Mar 20, 2016 3:44pm
Quoting jagpalsingh
{quote} Thanks for the reply but it's in euros you have to buy minimum being 2000 this is really confusing. Here's a screenshot of it to understand {image}
How are you able to buy only 2000E with 7.93£ Margin? I can buy 20000E and 79.30 as minimum?
  • #11
  • Mar 29, 2016 4:19pm Mar 29, 2016 4:19pm
Guys, so far anyone manage to withdraw consistently from this broker?

Recently open an account with them after they offer a small amount of "No Deposit Bonus", and managed to triple up in 1 day of scalping. I am presently compounding it while locking profit with stop loss not exceeding 30% of all equity. I look forward to withdraw a significant amount out some day, though I had not put a single cent in. So I will like to have some feedback about them especially on withdrawal.
The only winner is the one who survive the longest...
  • #12
  • Mar 29, 2016 7:59pm Mar 29, 2016 7:59pm
Quoting kinspk
Guys, so far anyone manage to withdraw consistently from this broker? Recently open an account with them after they offer a small amount of "No Deposit Bonus", and managed to triple up in 1 day of scalping. I am presently compounding it while locking profit with stop loss not exceeding 30% of all equity. I look forward to withdraw a significant amount out some day, though I had not put a single cent in. So I will like to have some feedback about them especially on withdrawal.
I don't have any experience with this broker and that's because what I learned about them with simple Google search. Don't expect to be paid anything over you've deposited specifically if you're scalping.
  • #13
  • Mar 30, 2016 6:00am Mar 30, 2016 6:00am
plus500 not allow scalping or hedging , read there terms before you trade. Likely will not be able to withdraw or bonus or profit
Never ever give up
  • #14
  • Mar 30, 2016 7:43am Mar 30, 2016 7:43am
Quoting kinspk
Guys, so far anyone manage to withdraw consistently from this broker? Recently open an account with them after they offer a small amount of "No Deposit Bonus", and managed to triple up in 1 day of scalping. I am presently compounding it while locking profit with stop loss not exceeding 30% of all equity. I look forward to withdraw a significant amount out some day, though I had not put a single cent in. So I will like to have some feedback about them especially on withdrawal.
It is strange to hear such question from person who present himself as full time trader.
  • #15
  • Mar 31, 2016 12:12am Mar 31, 2016 12:12am
Quoting johnnycash
{quote} It is strange to hear such question from person who present himself as full time trader.
How strange a human bother to waste their time on replying such thing yet not providing constructive information to the thread. Anyway if you read my last few posts, my broker's platform was having technical issue for couple of weeks which I cant log in to trade(Till now I have not receive solution from my broker), so this pop out offering me no deposit, so just try out and generate income rather than doing nothing. 0 risk "possible" returns, so why not. Anyway, I doubt the withdrawal though.
The only winner is the one who survive the longest...
  • #16
  • Mar 31, 2016 5:30am Mar 31, 2016 5:30am
Quoting kinspk
Guys, so far anyone manage to withdraw consistently from this broker? Recently open an account with them after they offer a small amount of "No Deposit Bonus", and managed to triple up in 1 day of scalping. I am presently compounding it while locking profit with stop loss not exceeding 30% of all equity. I look forward to withdraw a significant amount out some day, though I had not put a single cent in. So I will like to have some feedback about them especially on withdrawal.
If your trading strategy include scalping, your account will be terminated and all positions will be void.
I try them, withdraw 100£ which appears in 3 days but it is just part of the 500£ lost with them. Of course it is 100% my fault tbh. These day will see do i am able to withdraw more than the invested sum.
  • #17
  • Mar 31, 2016 7:08am Mar 31, 2016 7:08am
Quoting sad3
{quote} If your trading strategy include scalping, your account will be terminated and all positions will be void. I try them, withdraw 100 which appears in 3 days but it is just part of the 500 lost with them. Of course it is 100% my fault tbh. These day will see do i am able to withdraw more than the invested sum.
Thanks Bro. Anyway, i just tried for 2 days, the web trading platform wasn't that stable, as couple of times took some time to log in, the chart also cant be remove, as I just want to see price only. So I just left my trades till TP and SL, can't be bother much about it, so no more scalping. And had bad experience with higher leverage and free bonus brokers, and had not try one since long time ago.

Hope you win back the remaining money back soon, good luck.
The only winner is the one who survive the longest...
  • #18
  • May 14, 2018 6:52am May 14, 2018 6:52am
The UK Financial Conduct Authority (FCA) has warned that Plus 500 Pro is a clone of the forex brokerage Plus500, which holds a license from FCA. According to FCA, Plus 500 Pro is not authorized to carry out regulated financial services in the UK.

The clone does not explicitly claim that it’s regulated by the FCA, but it does claim that its clients would be covered by UK’s Financial Services Compensation Sceme (FSCS), which is only available to brokers that are actually regulated by the FCA.

Always make sure to double check the information your broker provides you before signing up.
  • #19
  • Last Post: Feb 13, 2019 5:32pm Feb 13, 2019 5:32pm
https://twitter.com/davolason123/sta...54931786584064
POW!
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