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
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.)
Is Plus500 good for beginners? ›
Despite a lack of educational content, Plus500 is a winner for less-experienced traders who desire ease of use and simplicity. A highly trusted broker, Plus500 remains an excellent choice for beginner traders and ranks highly for its ease of use.
How much money do you need to start trading on Plus500? ›
At Plus500, the required minimum deposit is $100. This means that you have to put at least $100 in your broker account to be able to start trading.
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.
Does Plus500 accept US traders? ›
A giant of the CFD industry, Plus500 has recently expanded into the United States to offer futures trading via its state-of-the-art platform on the web, desktop, and Android/iOS mobile devices. US clients can access futures contracts on forex, indices, commodities, bonds, and cryptocurrencies.
Can you go into debt with Plus500? ›
Can I be in debt to you? / Can my account go into a negative balance? Customers cannot lose more than the funds they have on their account. The “Margin Call” feature exists in order to prevent your account from having a negative balance.
Which trading is best for beginners? ›
Day trading can be a bear fruits for beginners who are willing to put in the time and effort to learn the markets and develop their trading skills.
Is it easy to withdraw money from Plus500? ›
In order to make a withdrawal you should follow these instructions: Click on “Funds” → “Withdrawal” → Select your preferred withdrawal method → Fill in the fields and click on the "Open a Withdrawal" button (on mobile devices, you can access the “Funds” screen from the menu button).
What is the minimum investment in Plus500? ›
The Plus500 minimum deposit is $100, and most traders get the same commission-free CFD trading account.
Do you pay tax on Plus500? ›
It is your responsibility to report and pay tax according to the laws in your local jurisdiction. Moreover, in certain countries we are obligated to withhold tax at source. Please refer to the User Agreement for the relevant provisions on this matter in your jurisdiction.
Commission Plus500AU does not charge dealing commissions. Daily Overnight funding You may earn or pay interest,) by entering and holding a CFD contract after a certain time in the day has passed.
Can I start trading with $5? ›
If you're new to trading, it's important to start small and learn the ropes before putting in too much money. One of the best things about Binance is that you can start trading with as little as $5. This makes it a great platform for beginners who want to learn the basics of trading without risking too much money.
What is the number one rule in day trading? ›
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.
Which day is best for trading? ›
The Most Lucrative Day
Many forums will tell you that Monday is the best day to buy stocks, while Friday is the best day to sell stocks. The logic behind this advice is that stock prices are said to be at the lowest on a Monday (meaning you will buy shares at a lower price).
How much should I put into day trading? ›
The Financial Industry Regulatory Authority (FINRA) requires at least $25,000 in your brokerage account to allow day trading. Otherwise, the broker will restrict your trading ability. You may need more capital depending on how many trades you plan on making. Skills and knowledge.
How much does it cost to open a Plus500 account? ›
Plus500 offers customers most of its services free of charge, and we are upfront with the few fees we do charge.
How do I deposit money into Plus500? ›
In order to make a deposit and begin trading with Plus500 you should follow these instructions: Click on “Funds” → “Deposit” → Select your preferred deposit method from the available options → Fill in the fields and click the "Deposit" button (on mobile devices, you can access the “Funds” screen from the menu button).
How to start trading with $500? ›
Steps to start day trading with $500
- Educate yourself about trading. The first important step to follow when you want to start day trading is education. ...
- Set realistic expectations. ...
- Use a demo account well. ...
- Keep track of every step. ...
- Master risk management strategies. ...
- Start with small trades. ...
- Adopt easy-win strategies.
