Summary: Plus500 is among the most popular platforms for trading contracts for differences (CFDs) on various financial instruments, such as stocks and commodities. The minimum amount of deposit required to start trading on this platform is $100.
Recommended Multi-asset Broker for Online CFD Trading
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Reliable & Regulated by CySEC (#250/14) - Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange
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Wide range of instruments - CFDs on stocks, crypto, forex, commodities, ETFs, and more
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Low cost investing - No commissions and tight spreads.
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Transparent pricing on overnight funding, currency conversion fees, guaranteed stop orders, and inactivity fees.
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Advanced platform - Top notch analytical tools, real-time quotes, fast order execution, secure withdrawals
About Plus500
Plus500 is an online trading platform that allows individuals to speculate on the price movements of various financial assets without owning the underlying asset. This form of trading is known as contracts for difference (CFD) trading, and it offers opportunities to profit from both rising and falling markets.
Note
With active trading accounts worldwide, Plus500 is a widely popular platform that’s regulated by the Cyprus Securities and Exchange Commission (CySEC), which provides the necessary layer of security for all traders.
Furthermore, other reasons why so many opt to use Plus500 include:
- Free demo accounts;
- Multi-asset CFDs on more than 2,000 financial instruments, including stocks, Forex, crypto, ETFs, commodities (e.g., gold), and more;
- Mobile trading;
- Convenient deposit options via PayPal, Visa, Mastercard, etc.;
- Free withdrawals.
Recommended Multi-asset Broker for Online CFD Trading
-
Reliable & Regulated by CySEC (#250/14) - Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange
-
Wide range of instruments - CFDs on stocks, crypto, forex, commodities, ETFs, and more
-
Low cost investing - No commissions and tight spreads.
-
Transparent pricing on overnight funding, currency conversion fees, guaranteed stop orders, and inactivity fees.
-
Advanced platform - Top notch analytical tools, real-time quotes, fast order execution, secure withdrawals
Plus500 minimum deposit
One of the key considerations when choosing an online trading platform is the minimum deposit required to open an account. Plus500 is favored by many traders because of its low entry barrier. Currently, the minimum deposit requirement is $100.
Note
How to open a Plus500 account: Step-by-step
If you’re interested in trading CFDs through Plus500, here’s a simple step-by-step guide that explains how to open a live account on the platform:
- Step 1: Visit Plus500’s homepage and tap the Start Trading Now button;
- Step 2: Once you tap the mentioned button, you’ll be redirected to an online registration form, where you’ll need to enter a valid email and password to continue;
- Step 3: After entering your email and password, the next step will be to complete your live account profile. This includes verifying your account, which is located on the left side of your screen, just under the Account dropdown menu. Once you do so, you’ll also need to select a live trading account that first your region. With the right region selected, simply enter basic personal information and answer some trading-related questions;
- Step 4: The final step involves uploading the required documentation. Hence, to verify your Plus500 live account, you’ll need to submit your identity documentation, address verification, valid email address, and valid phone number.
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Plus500 pros and cons
Pros
- Low minimum deposit: As mentioned earlier, Plus500’s low minimum deposit makes it accessible to a wide range of traders, including beginners;
- User-friendly platform: The Plus500 platform is intuitive and easy to navigate, making it suitable for traders with varying levels of experience;
- Wide range of instruments: Plus500 offers CFDs on a wide range of financial instruments, including stocks, forex, cryptocurrencies, commodities, and more;
- Risk management tools: The platform provides risk management features like stop-loss orders and guaranteed stop orders to help you manage your trades;
- Demo account: Plus500 offers a free demo account that allows you to practice trading with virtual funds before risking real money.
Cons
- Limited educational resources: Plus500’s educational resources for beginners are somewhat limited compared to some other trading platforms;
- Inactivity fee: There is an inactivity fee if you don’t make any trades for a certain period, so be mindful of this if you’re not an active trader.
Common mistakes to avoid when trading CFDs
Trading CFDs carries inherent risks, thus it’s crucial to avoid some common mistakes that many beginners make when dealing with these financial instruments:
- Overleveraging: Using too much leverage can amplify both profits and losses. It’s important to use leverage cautiously and within your risk tolerance;
- Ignoring risk management: Always set stop-loss orders to limit potential losses and take-profit orders to secure profits at your desired levels;
- Lack of research: Trading without proper research and analysis can lead to losses. Stay informed about the assets you’re trading and the factors affecting their prices;
- Emotional trading: Don’t let emotions dictate your trading decisions. Stick to your trading plan and avoid impulsive moves;
- Not using a demo account: Before trading with real money, practice using the demo account to get a feel for the platform and develop your strategies.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs
Is Plus500 available in my country?
The availability of Plus500 varies by country. Visit the Plus500 website to check if they accept clients from your region.
Can I open multiple accounts on Plus500?
Plus500 generally allows only one trading account per user. Yet, depending on each case, they might allow for an additional account, but it’s key to note that transferring funds between two accounts isn’t possible.
How can I deposit funds into my Plus500 account?
You can deposit funds using various methods, including credit/debit cards, bank transfers, and electronic wallets like PayPal.
Is Plus500 safe to use?
Plus500 is regulated by several financial authorities, making it a reputable platform. They also employ encryption technology to secure your data.
Can I lose more than my initial deposit when trading CFDs?
Yes, CFD trading carries the risk of losing more than your initial deposit if the market moves against your position. This is why risk management is crucial.
Recommended Multi-asset Broker for Online CFD Trading
-
Reliable & Regulated by CySEC (#250/14) - Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange
-
Wide range of instruments - CFDs on stocks, crypto, forex, commodities, ETFs, and more
-
Low cost investing - No commissions and tight spreads.
-
Transparent pricing on overnight funding, currency conversion fees, guaranteed stop orders, and inactivity fees.
-
Advanced platform - Top notch analytical tools, real-time quotes, fast order execution, secure withdrawals
