Risk Disclaimer: 77% 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.
Plus500 is a popular trading platform trusted by millions of users worldwide. Plus500 allows you to trade stocks, cryptocurrencies, Forex, Commodities, and more through CFDs. To successfully trade on Plus500 you will need a strong understanding of the financial markets. You should read our full review here for more or our guide on how to trade onPlus500.
But can you make a profit at Plus500?
“77% 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.“
You can start on Plus500 by opening buy or sell positions on instruments. Open a buy (long) position if you believe the asset will increase in price or a sell (short) position if you think it will drop. Trading comes with risk, and you need the knowledge to make these trades. Plus500 offers a demo account. If you have a real money account and want to delete Plus500 account, we have a guide on it, as it has its specifics.
So, you need to decide if you want to go short or long on a position. Make sure you use the risk management tools as an added layer of precaution. The most popular ones are Stop Loss and Take Profit. These limit your positions close when a certain threshold is reached. This is great for active traders, so you don't have to monitor your positions all the time.
There are a wide variety of markets and financial products available, which makes it easy for you to diversify your portfolio. Never invest everything in one position, and never invest more than you can afford to lose!
We recommend you try out their platform with the demo account. This way you will learn the pros and cons of the interface and gain trading experience without losing real money.
Plus500 is a great broker for intermediate to experienced traders that are looking for a robust trading platform with a wide range of financial products. CFDs are complex financial products, thus the platform isn't the best choice for beginners.
Before you commit to a real money account, you can test the Plus500 platform. The demo account doesn't have an expiration date and you can use it as long as needed. If your account balance falls below €200, the funds are automatically replenished. The interface of the demo is the same as the real one. All the charting tools and resources are available. The only difference is you don't risk your money.
There are many different instruments to choose from – over 2000. You will have the option to trade:
Plus500 developed a proprietary trading platform that is available as:
- WebTrader (online) no download required
- Mobile App (iOS and Android)
- Desktop (Windows)
Their Webtrader is great, as it doesn't require you to download anything. It is a great trading software that works out of the box. The mobile trading apps work great and must be downloaded from Google Play or the App Store.
Plus500 offers a few deposit methods, including PayPal.
Also, sometimes new traders are welcomed by a welcome bonus (terms apply).
One of the most popular ways is by using price action. It is an important element to spot ideal entry and exit points.
In order to be successful, you will have to use the candle charts at Plus500. These charts will give you more information than simple line charts. By analyzing the trends you will be able to make decisions immediately. Their platform gives you access to historical data, so you can see how the markets performed in the past and might in the future.
Plus500 Final Thoughts
Plus500 is a great platform for intermediate to advanced traders that are looking for a robust CFD trading platform. They offer loads of financial products and markets you can trade. Pair that with a great platform and deposit/withdrawal options and you have yourself a great CFD broker. It is also well regulated by top-tier authorities around the globe.