Plus500 Account Features
If we had to choose the biggest feature of Plus500 – it would be amazing user experience. When entering their website, clients will most probably be greeted in their own language since the website is translated in 31 languages. In order to get an account, all one needs to do is to click “Start trading” from the main menu.
Plus500 demo account
After the “start trading” was clicked, traders will be offered to choose to open a demo account or a live account. Plus500 demo account will be launched immediately upon selecting the Demo button. Not only that, the trading platform will load and 40.000 units of virtual money will be assigned. Demo trading does not carry risk. Traders can use these virtual funds to test drive the platform and start trading without depositing any of their own money. Once the balance of the demo account drops to 200 currency units or below, the initial demo amount will be automatically refilled by the system
Plus500 live account
Switching to a live account is just click away from the demo account. In order to activate the account, the trader needs to fill in personal information and answer some basic questions about CFDs trading with forex, options, ETFs and other underlying assets to show a basic understanding. We encourage everyone to read our forex page basics as well as materials on the Plus500 website in order to understand what online trading in CFDs is about. When trading CFDs, the outcome depends on the prices of underlying assets like exchange rates or stocks. Plus500 does not offer trading of stocks, but CFDs that use stocks as underlying asset. This means that the client does not own the underlying asset, but the contract it is trading, based on that asset’s price.
The trading conditions with Plus500 are favorable and in many cases better than the competition. There is no negative balance – customers cannot lose more than the amount of money they have on their account.
Spreads are variable and there are no commissions. The maximum leverage is 1:30.
80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money