If you have never traded before with Plus500, it is always recommended that you first use a demo account. Plus500 demo account is like a real account but you do not have to use real money to trade. Plus 500 is a CFD services provider that allows you to trade CFD on different instruments such as forex, indices, options, ETFs, and shares.
It was established in 2008 and over the years it has acquired over 60, 000 traders. Its most attractive features include no commissions on shares. If you are new to Plus500 or you just create an account with the company it’s recommended that you first use the demo account.
Great features of Plus500 demo account
There are many great features that come with the demo account while trade online plus 500. They include:
No downloads required
Again, unlike other companies, you don’t need to download the demo account to use it—you can use the live version (i.e. Plus500 Webtrader) which is as effective as the downloaded version. If you like the downloaded version you can download it into your device. The cool thing is that the account is compatible with almost all operating systems including Android, windows, and iOs. You only need to choose the one that is right for your device.
Real market conditions
The sole purpose of a demo account is to teach you how to trade. Plus 500 demo account has all the features found in a real account and this provides you with a real trading condition. You get notifications on events affecting the market, you get to see the graphs and reports are sent to you depending on your schedule. You also get to lose and make money the same way that you would if you were using a real account. The presence of these features prepares you completely for trading thus reducing your chances of making losses.
No time limit Plus500 Demo
If you have used other demo accounts from other companies you must have noticed that most of them have time limits of between 2 weeks and 3 months. But with the Plus500 demo account, you have no time limit. Once you have created an account you continue using it until you have mastered the trade. You are the one that will stop using it.
How to open a Plus500 demo account
This is what you need to know about Plus500 demo account. While you will be trading with virtual money, take benefit of learning the titbit of CFD trading. To be an excellent trader, you should treat the account with the same seriousness that you would if you were trading with a real account.
Plus500 UK LTD is regulated and authorised by the FCA (FRN 509909).
Plus500 CY LTD is regulated and authorised by the CySEC (Licence No. 250/14).
You do not own or have any rights to the underlying assets. Please consider Plus500 Disclosure documents available on their website.
Please note “72% 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”