This video shows you how trading with Plus500 can be done with just a few clicks! All you need to do is log in to your account, search for an instrument, click on ‘Buy’ or ‘Sell’ (depending on the direction you think the instrument will move), select the amount you wish to trade, and open a trade.
If you want, you can also use our risk management tools: ‘Close at Profit’, ‘Close at Loss’, ‘Guaranteed Stop Loss’ and more, as well as place future orders that will open the trade in the future, when the instrument reaches/surpasses a certain price.
Why trade CFDs with Plus500?
Some of the main benefits of trading CFDs with us include:
- Plus500’s multiple subsidiaries are licensed and regulated by the relevant authorities.
- Gain access to leveraged trading on a wide range of financial instruments, such as stocks, forex, commodities.
- Trade around-the-clock using a wide range of web and mobile devices.
- Our support team is here to help you via email and more.
As a CFD trader, it's important to bear in mind that your positions are exposed to volatility risk as they are magnified through leverage.
How to open a trade?
To open a position, sign up / log in to your Plus500 account and go to the main “Trade” tab. Search for the instrument you wish to trade, click Buy/Sell, and the position screen will be opened.
In the position screen, you can choose the trade size (i.e. the number of shares, barrels, ounces, etc.) and view the position’s value and the required initial margin to open the trade.
You can also add stop orders to close out your trade when the instrument reaches predefined price levels.
Alternatively, you can place a future order by activating the advanced section entitled ‘Buy when the rate is’ or ‘Sell when the rate is’ and type in or use the plus (+) and minus (-) buttons to update requested price.
How to view, edit or close a trade?
To view your trade, click on the ‘Open Positions’ tab.
By clicking the ‘Edit’ button, a screen will open and you will be able to set or update existing stop orders.
By clicking the ‘Close’ button, a screen will open where you can close all or part of your position. For example, if you have a Buy position of 500 Oil barrels, you can choose to close 300 barrels and be left with a smaller position (of 200 barrels).
Manage your risk with stop orders
‘Close at Profit’ and ‘Close at Loss’ orders are free-of-charge, risk management tools that can be added to your trades when opening a new position, or when editing an existing position.
These orders help you take control of your trade by allowing you to set the rate at which your position will close (when it reaches or surpasses that rate). This is done in order to protect your profit in the case of ‘Close at Profit’ and/or minimise your loss in the case of ‘Close at Loss’.
Please note, the ‘Close at Profit’ and ‘Close at Loss’ orders do not guarantee your position will close at the exact price level you have specified. You can add a ‘Guaranteed Stop’ - a special order that puts an absolute limit on your potential loss. ‘Guaranteed Stop’ is accounted for through a wider spread.
To learn more about how you can use risk management tools to limit the risks of trading, click here.
FAQs
Is Plus500 a good broker for amateur traders who want to exercise? The answer is YES! - BUT! It is CFDS, not stocks, means you do not buy and hold the asset but trade on their price movement which is nice since you can make money even if the asset goes down - depends on your trade.
Is Plus500 good for day trading? ›
Yes, Plus500 is suitable for day trading via CFDs and Futures, offering a user-friendly trading platform, diverse markets, competitive spreads, and a handy mobile app. It includes leverage options, enhancing potential gains but with increased risks.
What is the highest leverage on Plus500? ›
Greater Leverage - Gain access to a maximum trading leverage of up to 1:300. Seamless Transition - As a Pro, you still enjoy most of the protections offered to Retail Clients. More Opportunities - You are able to receive exclusive bonuses and promotions.
Is scalping allowed in Plus500? ›
Any trading method which is prohibited under the terms of the User Agreement such as scalping, automated data entry system and hedging, or which falls under the definition of market abuse such as insider trading, as well as any prohibited activity such as an abuse of our bonus system, is not allowed on our trading ...
What is the minimum withdrawal from Plus500? ›
Withdrawal All account withdrawal requests are subject to a minimum withdrawal amount. The minimum withdrawal amount for PayPal and Skrill is $50USD (or equivalent). The minimum withdrawal amount for bank transfers and credit cards is $100USD (or equivalent).
What are the disadvantages of Plus500? ›
thumb_down_off_alt Cons
Plus500 does not offer an extensive variety of educational content to learn about financial markets. Low cost trading is not Plus500's best feature, as average spreads on the EUR/USD averaged 1.5 pips in April 2024.
How much money do you need to start on Plus500? ›
Major factors in determining the quality of a broker's offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. The Plus500 minimum deposit is $100 for its commission-free account, the only one it offers retail traders.
What is the minimum deposit for Plus500? ›
Choose an account type that suits your needs. You can choose from multiple base currencies. The minimum deposit at Plus500 is $100.
Is Plus500 trustworthy? ›
Is Plus500 legitimate? Yes, Plus500 is a legitimate trading platform. It is publicly traded on the London Stock Exchange and is also regulated in multiple jurisdictions, including Australia, ensuring transparency for its users.
Does anyone get rich day trading? ›
While some day traders end up successful and make a lot of money, they are the exception rather than the norm. If you want to try day trading, start small and do not commit your entire investment account. Test out strategies and learn without risking all your savings.
The so-called first rule of day trading is never to hold onto a position when the market closes for the day. Win or lose, sell out. Most day traders make it a rule never to hold a losing position overnight in the hope that part or all of the losses can be recouped.
What is the best leverage for $100? ›
The best leverage for $100 forex account is 1:100.
Many professional traders also recommend this leverage ratio. If your leverage is 1:100, it means for every $1, your broker gives you $100. So if your trading balance is $100, you can trade $10,000 ($100*100).
What leverage is good for $300? ›
$300 is the minimum amount of money required in a mini lot account, and the best leverage on this account is 1:200. This would mean you will have $60,000 to trade with. Other leverage you can use in forex trading include; 1:50.
What is the best leverage for $5? ›
Generally, it's recommended to use lower leverage when you have a smaller account size to minimize the risk of significant losses. A leverage of 1:10 or 1:20 can be a good starting point for a $5 account.
Does Plus500 accept US traders? ›
Plus500 is available in the United States Plus500 provides U.S. retail traders with options and futures trading, following the acquisition of Cunningham Commodities LLC.
Is it safe to trade with Plus500? ›
You can rest assured, Plus500 is considered reliable as it has multiple top-tier regulation, including FCA in the UK, ASIC in Australia, and MAS in Singapore. As a financial expert with BrokerChooser, I play an integral role in the analyst team by actively reviewing many of the 100+ brokers that are listed on our site.
