Plus500 Demo Account
In this article
Like all other well-known broker platforms, the Plus500 demo account is an excellent pathway to learn perfect trading strategies and effective skills.
With the help of the Plus500 demo account, you can test your CFD trading strategies and techniques before you plunge into the pool of forex trading. A demo account is a lifesaver for new traders who have no prior experience in trading.
Plus500’s demo account has several amazing features that make it stand out from other trading platforms. Below we’ll take a look at the demo account of Plus500 and see what features you can access.
What is the Plus500 demo account?
If you want to access the services of Plus500 broker, all you need is to have a simple email address with a strong password. Few essential features of a demo account are:
- Involved virtual money for a deposit is equivalent to EUR 40,000.
- Unlimited practice
- Get in touch with more features of the Plus500 platform.
- No extra costs are involved
- Zero risks with a demo account
- Available with helpful tutorials and educational videos
You can use the Plus500 demo account for an unlimited period. Once you feel ready to step into the real world of trading, you can create your live trading account. Even if you use a live account, you will still have your demo account by your side!
The only difference between these real and demo accounts is that the demo account is free from risk engagement and the use of real money.
How can you get the most out of your demo account?
One major mistake which most of the new traders make is opening random positions without any clear plan. This won’t let them achieve the results they desire for. It is always a smarter move to experiment with some trading strategies.
Through the demo account, you can quickly determine what works for you without facing risk or loss. For example, a trader can practice with:
- Technical analysis: You can identify some trading patterns within a specific price trend to respond to.
- Fundamental analysis: You can analyze market figures and can make trading decisions on your investigated report.
- Sentimental analysis: You can make specific predictions on how the traders will react to certain market conditions.
Keep a complete track record of different trades, and the results are displayed. This is how you can identify whether your planned strategy will display successful and profitable results or not.
What are the important benefits of the Plus500 demo?
Knowing about the advantages of the Plus500 demo account is extremely important before you create a demo account. You don’t need to download any program type or software. Instead, open the demo account page, register your email, create a password, and start using it.
With the demo account, you can fully stimulate the whole market situation as a new trader. In addition, you can enhance your trading skills and learn some excellent trading strategies.
Plus, the Plus500 demo account is available with various trading options for both beginners and advanced traders. You can easily trade with leverage by using a demo account. In addition, you can even short sell the CFD shares to increase your profit opportunities.
How to open a Plus500 demo account? Step by step tutorial guide
Step 1: Visit the Plus500 official site and click the option “open demo account” or “create open account” on the top homepage. This will direct you to the window opening in which all the details for opening a demo account are mentioned.
Step 2: Next step is submitting all the required documents you need to open a trading account. With a demo account, there is no need to submit any documentation. However, you have to mention a valid email for receiving a confirmation notification.
But for opening a live trading account, a long list of documents is required, which is mandatory for verifying the trader.
Step 3: Once you have mentioned your email address, a window will pop up about filling out the registration form. They need your valid email address and a strong password.
Step 4: To get an account opening confirmation, you will receive an email along with the link on which all the details of your demo account are visible. Click on the verification link to start your trading process.
Step 5: Once you have confirmed the link, a window will appear, which is of the Plus500 demo account. Enter your log-in details and password to step into the world of Plus500 Forex trading.
What instruments can you trade on your demo account?
Once you have started using your Plus500 demo account, you can begin trading CFDs on Forex commodities, stocks, and index funds. Hence, Plus500 is available with thousands of CFD shares to trade with.
You can move yourself to the live trading account once you feel professional enough to step into the real trading market.
Is it possible to reset/renew the Plus500 demo account?
The Plus500 demo account will reset itself automatically once a trader starts losing a significant amount of money. There is no need to reset the account with any method.
Note that once you start trading with real money, you will lose your entire deposit.
Additional tips to trade with a demo account
- Start trading with money that you won’t regret losing in the future.
- Never make quick decisions. Always plan your trading to avoid significant losses.
- Use the technique of stop loss.
- Always limit the leverage ratio. This will prevent you from losing a big deposit portion.
Creating a demo account on Plus500 is of great help for all those new traders unaware of what trading is all about and how you can earn profit. In addition, you don’t need to pay any fees or any commission charges for creating a demo account.
Visit Plus500’s official website right now and see how the demo account works for you!
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst