Trading on the Plus500 Platform


This Answers the Following Questions:

Which Plus500 platform is the best?
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How to buy and sell on Plus500?
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What should I invest in Plus500?
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How to trade in Plus500?
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What is the required margin in Plus500?
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Does Plus500 allow scalping?
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Is Plus500 a good trading platform?
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Is Plus500 good for day trading?
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Does Plus500 allow hedging?
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Is Plus500 good for long term investment?

Plus500 uses a proprietary platform which means that they were able to develop their own software and applications that you can install on your computer or device.

plus500 windows phone app

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

As of this writing, here are the platforms that they offer:

  • Web Trader
  • iPhone/iPad
  • Android App
  • Windows Phone App
  • Windows 10 Trader

Plus500 webtrader platform
Plus500 webtrader platform

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Look: The Web Trader platform is the best to use if you’re usually using a web browser such as Google Chrome, Mozilla Firefox, Microsoft Edge and even mobile browsers like Safari and Opera.

Using the Plus500 Web Trader platform

Login to your account and click on “Real Money”.

Find Trade on the menu on the left side. You will be shown a list of tradable instruments.

Click on the instrument you want to trade in, you will be shown information about the instrument.

How to use Plus500 Web Trader
How to use Plus500 Web Trader

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

For example, if you want to trade Bitcoins, go to Trade, then Crypto, search for Cryptocurrencies and find Bitcoin on the list.

Your trading options

You only have two options: Buy and Sell

Plus500 webtrader buy and sell button
Plus500 Web Trader buy and sell button

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Selling (or going short) means that you predict that the stock price will go down.
Buying means that you predict the opposite which means that the price will go up.

Trading fees

So are there fees for trading using Plus500? The good news is that there’s none.

So how does Plus500 make money?

Unlike other brokerages, Plus500 does not charge trading fees as its income is made from the spreads.

Non-trading Fee Charges

Plus500 fees and charges
Plus500 fees and charges

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Plus500 has three non-trading fee categories:

  • Inactivity fee: US $10 quarterly fee after three months of inactivity
  • Withdrawal fee:
    -US $6 withdrawal fee for bank transfers
    -5 free of charge withdrawals in a month for other methods (e.g. cards). In excess of 5 withdrawals, a fee of US $10 per withdrawal is charged
    -US $10 withdrawal fee for withdrawing under the minimum withdrawing amount, except for credit /debit cards.
  • Premium (also called overnight funding): This is applied when you hold positions for over an hour.
    This covers the funding costs associated with the leverage and is three times higher if held over the weekend.

Day Trading and Long Term Investment

So is Plus500 good for day trading? Absolutely yes!

Their trading platform is able to execute trades quickly and in real time.

On the other hand, CFD’s are not suitable as long-term investments because holding CFD contracts open for a long period of time off may dramatically increase the associated costs.

Restricted Trading Methods

You can trade on the Plus500 platform but there are trading methods that are prohibited:

Plus500 and hedging
Plus500 and hedging

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  • Scalping – a strategy where the aim is to make quick profits by buying and selling assets instruments on very short durations.
  • Automated data entry system
  • Hedging
  • Insider trading

Remember:

Plus500 reserves the right to void trades and/or close your account if you are found to be using these methods.

Margin Requirements

The maintenance margin requirement depends on the specific financial instrument chosen. On the Plus500 trading platform, you can view this by selecting the financial instrument and click on Details.

Plus500 required margins
Plus500 required margins

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Expiry Dates in the Instruments

The instruments have expiry dates. However, Plus500 has a rollover function.

Once the expiry date is reached, the contract is automatically extended to the new date and with the corresponding price.

plus500 trade expiry
Plus500 trade expiry

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Other information on expiry dates can be viewed by clicking on the Details link on the trading platform screen.

Plus500 Trading or Market Hours

Market Hours are the window of time in which a trading instrument is open for trading.

Plus500 trading or market hours
Plus500 trading or market hours

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

More information on this for each instrument can be viewed by clicking on Details on the trading platform screen.

The Plus500 Demo Account

The demo account is a feature that you can use to test the platform without the need to risk your real funds.

You can use this tool to be more familiarized with the user interface and try out different strategies since the trading environment is the same as the real or live mode.

Plus500 demo account
Plus500 demo account

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

There’s more…

It has no limit. You can use the practice account for as long as you like!

If you want to open a demo account, you can do so by choosing “Demo Mode” in the “Select Account Mode” window during the registration process.

You can easily go to live trading by clicking on “Switch to Real Money” on platform’s screen.

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.