Trading with a demo at Plus500
With Plus500 you can try all possibilities 100% for free with the unlimited demo. Within the demo you get a free fictional amount of money with which you can open and close positions to your heart’s content. You can then immediately see how you would do when you trade with real money. In this article you will find everything you need to know about the free demo account at Plus500!
How can you open a demo account at Plus500?
Opening a demo account with Plus500 is easy. On the Plus500 website you can easily open a demo account by leaving your email address and password:
It’s even possible to open your demo account with your Facebook or Google account. After entering this information, your free demo will be opened immediately. Would you also like to open a demo at Plus500? Then use the button below to receive an instant and free trial:
What are the advantages of the Plus500 demo?
A big advantage of the Plus500 demo is that you don’t need to download any software. The software works entirely via internet. With the WebTrader you can log in on any computer to open trades.
Because the demo fully simulates the market situation, you really learn how to trade with the Plus500 software. Within the software you regularly receive notifications when important events take place. Major events often lead to volatility and it can be interesting to respond to this by opening a position.
The demo has several interesting trading options. You can trade with leverage using the Plus500 demo. This makes it possible to open a larger position with a small deposit. You can also short sell CFD shares. By short selling you can speculate on a declining price.
Switch to real money
When you practised enough with the demo you can deposit real money within the WebTrader. Before you can trade with real money, you have to leave a little more information. When you open a real trading account, the law requires you to confirm your identity. Fortunately, you only have to go through this process once.
Trading with real money is possible on Plus500 from $100. As soon as you are sufficiently confident, you can immediately start trading with Plus500.
How do you get the most out of your demo?
Some users open random positions without a clear plan. However, that way you will not get the best results with your demo. It’s smarter to test different strategies. After all, with a demo you can determine without risk what works well for you. By using a demo you can practice with:
- Technical analysis: you try to recognize patterns within the price trend and you respond to this
- Fundamental analysis: you analyse the figures behind the company and on that basis you make trading decisions
- Sentimental analysis: you try to predict how the mass will react to certain events
Write down which trades you take and for what reason. By doing so you can keep track of whether your strategy leads to good results. To grow as a trader, it is important that you learn from your mistakes. In the Plus500 manual we reveal more strategies that you can apply to your trades.
Why does Plus500 offer a free demo?
Plus500 of course does not give away the free demo because they are Santa Claus. Of course, every company wants to earn money. The free demo is therefore mainly a bait. If you like the possibilities of the demo, you are more likely to trade with real money.
Of course, Plus500 charges fees on real transactions in several ways, allowing them to make money from new customers in the long run. Plus500 charges a spread on each transaction (the difference between the buying and selling price of a security) and they charge financing costs for positions that are open for a longer period of time.
When should you start trading with real money?
This is entirely up to you! There is no set time when you have to start trading with real money. It is always important to remember that you can lose money with trading. Only when you can accept this, it’s wise to make your first deposit. Do not immediately deposit a large amount. It is better to get used to trading with real money by making a small deposit.
What can you trade in with the demo?
Within the Plus500 software you trade with CFDs. You can trade in CFDs on stocks, Forex, commodities, cryptocurrencies and index funds. Plus500 has over a thousand different CFD shares that you can trade in. It is therefore likely that you can find a security you would like to trade in with Plus500.
Is it possible to lose more money than you deposit?
On Plus500 it is not possible to lose more money than you deposit. If you decide to convert your demo account to a real money account, you don’t have to worry. Plus500 protects all customers against a negative balance.
How can you reset the Plus500 demo account?
The Plus500 demo account will automatically reset if you have lost too much money. You don’t have to reset the account yourself. Remember that when you start trading with real money, you can of course lose your entire deposit.
Some final tips:
With these latest trading tips you ensure that you get the best results with your demo:
- Only trade with money that you can afford to miss.
- Come up with a plan in advance and don’t make spontaneous decisions.
- Always use a stop loss: the moment when you automatically take a loss.
- Limit your leverage so that you don’t suddenly lose a large portion of your deposit.