How to Create a New Account With a Broker Plus500
If you're searching for an easy-to-use platform to trade CFDs, Plus500 could be the perfect fit. Their WebTrader platform is accessible on PCs, Macs, iPads and Android tablets alike.
The platform provides free demo accounts and allows you to seamlessly switch between Demo and Live trading with just a click, making it simple for you to test out the system without risking real money.
Signing up
To begin trading CFDs with Plus500 Futures, you must first open a new account. This process is straightforward and doesn't require any prior trading experience. Plus500 Futures provides a free demo account to everyone; after verifying your identity through online forms, you can open a real money account.
The Plus500 platform is user-friendly and accessible from computers, mobile devices and web browsers. Here you can view charts, trade positions and monitor price changes in real-time. Furthermore, you have the ability to set stop loss orders and trade margins for managing your risk more effectively.
Plus500 provides CFDs on over 2800 underlying instruments, such as shares, commodities, currencies, indices and ETFs. Their trading platform WebTrader is compatible with Windows PCs, mobile devices and tablets alike.
To open a trade, select your instrument and enter either a "buy" or "sell" price. Your "buy" price is the amount you believe an instrument will increase in value over time, while your "sell" price indicates how much it should decrease in value.
Once you've entered your desired 'buy' or'sell' prices, click on a 'Buy/Sell' button to open the trade. Your rates (prices) will be updated according to market movements once opened for business.
At the opening stage, you have the option to set a maximum margin amount for trading. This amount will be a percentage of the value of the underlying instrument. Your margin level will be determined by its spread - usually determined by market conditions at that moment.
However, you may need to increase the margins depending on the underlying instrument. For instance, when trading gold, you must invest at least 10% of its value in order to achieve maximum leverage.
Deposit funds into your account using a variety of payment methods, such as Visa or MasterCard debit/credit cards, e-wallets (PayPal and Skrill), bank transfers, cash deposits and wire transfers. To prove the source of the funds you must present either a receipt or scanned copy of an official document.
Funding your account
Before you can begin trading with Plus500, you must fund your account. You can do this through a bank account, PayPal or an e-wallet; all three methods have advantages and drawbacks that should be taken into consideration before determining which option works best for you.
Bank accounts offer the utmost convenience, enabling you to transfer funds quickly and without incurring service charges. Unfortunately, linking the account with your Plus500 account requires some technical know-how which may prove challenging for some individuals.
PayPal is another option, though more complex. To get started with PayPal, you must link your bank account to the service and verify its validity. After verification has taken place, money can then be transferred between both accounts.
With Plus500, you can trade a wide range of securities such as shares in companies, exchange-traded funds (ETFs), indices and commodities. Choose from over 1,000 stocks and indices from around the world for your trading pleasure.
Shares in companies are the most common type of investment available at Plus500. You can trade them by placing a 'Buy' or 'Sell' order on the market, depending on your perception of its direction. Alternatively, you may place a future order to buy or sell at a particular price when it reaches that level.
CFDs (Combinatory Foreign Exchanges) are financial products that enable investors to trade a wide array of instruments without owning the underlying asset. They have become increasingly popular with traders due to their lower commission costs compared to traditional instruments.
If you're uncertain whether or not a CFD is suitable for you, we suggest reading its terms and conditions before opening an account. Doing this can help determine if the potential risk of losing all your balance is worth taking on.
When trading CFDs, it is essential that your account has enough margin to cover any risks involved. Margin requirements vary by instrument and can be found on your 'Info' screen within your account. Without enough funds, positions may be closed and you could face a margin call.
Trading
Plus500 provides a wide selection of trading instruments, such as Forex, commodities, shares, ETFs and options. Furthermore, the platform provides various order types, risk management tools and features like Guaranteed Stops to help users navigate the market.
Plus500's CFDs (Contracts for Difference) are one of the most sought-after products, enabling traders to trade a broad array of global assets from one platform. This includes indices, currencies, commodities, shares, options and cryptocurrencies in an efficient manner.
The Plus500 trading platform offers an intuitive, easy-to-use user interface that enables you to open positions quickly and precisely. It is available in multiple languages and supports multiple device types - including mobile. Plus, you can access your account information online from any computer with internet connectivity, plus sign up for a free demo account to practice strategies before investing real money trades.
Once you're ready to place a trade, the platform's straightforward trade screen will open and let you select your instrument, the amount of shares or contracts to buy, and required margin. After selecting your instrument, you have complete control over stop loss and take profit levels as well as advanced charting functionality for keeping tabs on all trades.
You can set alerts based on client sentiment data, and an economic calendar displays upcoming news that could influence your position. Furthermore, you can create a pre-defined watchlist to monitor specific currencies, indexes or commodities.
The broker's website features an FAQ section for users with common inquiries, as well as 24/7 chat support and email ticketing service. Unfortunately, there isn't a telephone number provided for sales inquiries - which may be cause for concern.
Plus500 is a licensed brokerage firm with offices throughout the world, including the UK, Australia, Cyprus, Singapore and Israel. It adheres to regulations set out by the Financial Conduct Authority, Australian Securities & Investments Commission and Cyprus Securities Exchange. Plus500 keeps all client funds separate in an isolated bank account while offering negative balance protection for both retail and professional accounts alike.
Customer support
Plus500 Futures is an impressive CFD broker with a comprehensive selection of trading instruments and an easy-to-use user interface. They provide a free demo account before enabling live trading with just one click, which can be accessed across mobile devices like Windows 10 apps or tablets as well as web browsers. Plus500 Futures boasts one of the largest customer bases in the industry!
Plus500's customer support team is accessible 24/7 through chat messages and emails, while inquiries can also be submitted through WhatsApp. Despite its reputation as a top-notch broker, Plus500 lacks both a telephone number and local offices.
Plus500 takes security seriously, storing client funds in segregated accounts. It also offers negative balance protection for both retail and professional accounts, plus all customers are safeguarded by CySEC - the European counterpart to the U.S. Securities and Exchange Commission (SEC)).
Despite these risks, there are many factors that could cause a broker to fail, such as market volatility and high customer turnover. That is why it is essential to open an account with a regulated broker that offers an extensive client protection program.
Plus500 is a global broker operating in over 60 countries and providing various services to its customers. It is regulated by financial authorities in the UK, Australia, Cyprus, Singapore, Israel and Seychelles.
The Plus500 platform is ideal for traders who wish to trade CFDs on various markets, such as cryptocurrencies, foreign exchange, shares and indices. Its WebTrader interface enables easy creation of watchlists, chart analysis and trade execution - plus it has a dark mode feature which helps you read your screen at night easier.
Though the Plus500 platform is user-friendly and intuitive, it may not be suitable for more experienced traders who require third-party analytical and automation tools. Furthermore, several back-testing features that would have been beneficial to those wishing to test their strategies before applying them in practice are lacking.
Plus500 provides a wealth of educational resources to help traders develop their trading skills. These include articles written by in-house analysts and some market analysis videos. Plus, the site provides news updates and market insights weekly - perfect for investors!