The best way to learn how to trade the stock market or to familiarise yourself with an online broker’s trading platform is to open a demo account.
Plus500 (CFD Service) offers its users a trading platform that is available in over 30 languages and can be used on any device (desktop computers, laptops, mobile phones or tablets running iOS, Android or Windows Phone). With this broker you can trade CFDs (contracts for difference) on more than 2000 different financial instruments such as the main Forex currency pairs, cryptocurrencies, stocks, stock market indices, energy such as oil, precious metals such as gold, commodities, ETFs,…
Plus500 is also an internationally regulated broker: Plus500 UK Ltd is authorised and regulated by the FCA (Financial Conduct Authority) of the United Kingdom (FRN 509909). Plus500 CY Ltd is authorised and regulated by the CySEC (Cyprus Securities and Exchange Commission) with licence number 250/14. Plus500AU Pty Ltd is regulated by ASIC (Australian Securities and Investments Commission) with licence ACN 153 301 681, AFSL # 417727.
Plus500 (CFD Service) offers a free demo account that will allow you to learn how to operate their platform and start trading on the stock market:
– Plus500’s demo account is completely free of charge.
– It has no time limit (as opposed to other bokers that usually limit its use to 15, 30 days,…).
– You do not need to provide any personal or bank details. You are only asked for an email address and to set a password.
– The Plus500 Demo (CFD Service) has a balance of 40,000 EUR / USD / GBP of fictitious money that will allow you to test your investments without putting your money at risk.
– The trading operation is similar as in real conditions. It offers all the same instruments and conditions as a real money account.
How to open a Plus500 demo account?
To open a demo account with Plus500 these are the steps you need to follow:
1- Access Plus500’s trading platform by clicking here.
2- Click on the “Demo Mode” option (“Pactice trading with real quotes”)
3- To create a new demo account in Plus500 you only need to enter your email address and set a password.
4- After creating your account you can access the trading platform. The Plus500 demo account is ready to be used and the virtual balance has been automatically added to your account.
On the top left hand side you will find the list of items you can trade grouped by category (such as currencies, commodities, indices, ETFs and stock exchanges from around 20 countries around the world). If you select an investment category, at the top centre you will see the instruments available along with the buy and sell price of each one and a “Details” link where you can access all the information you need to trade that instrument. At the bottom you will see the graph with the evolution of the investment instrument you have selected.
Warning: The prices shown in the image above are illustrative and do not correspond to current prices.
How long can I use the demo account before upgrading to a live trading account?
The Plus500 demo account is unlimited in terms of time of use. You can use it as long as you see fit. Some people only use the demo account before opening a live account in order to familiarise themselves with their broker’s trading platform and trading conditions, or some people use the demo account simultaneously with their live account in order to implement new trading strategies in virtual mode without risking their money.
A common mistake is to open a demo account and start trading without too much control, pressure or fear of losing, as there is only fictitious money at stake. Many experts recommend using the demo account as if it were a real account.
When you invest with a real account your capital is at risk, therefore, your behaviour is usually much more careful and disciplined, analysing the trades carefully and working out your own investment method step by step.
Remember that when you want to move from demo account to a live account, you can open a live account at Plus500 for as little as 100 EUR / USD / GBP.
You can register with Plus500 here:
Risk warning: CFDs are complex instruments and have a high risk of losing money quickly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
The information presented here about Plus500CY Ltd. and its services is purely generic and derived from reliable publicly available sources or received from Plus500CY Ltd. (entity authorised to operate in Spain through the passporting regime, reg. 3848).