Free Plus500 Demo Account: Download & Setup

Plus500 is known as one of the leading platforms which provide CFD (Contract for Difference) trading on a varied selection of assets. The Israel-based CFD platform is used by users across 50 nations, providing the opportunity to trade CFDs of forex, company shares, commodities, indices and Exchange-traded funds. Its offering consists of more than 2800 trading instruments via their proprietary WebTraderplatform which charges no commissions and provides competitive spreads. It is one of those platforms which offer negative balance protection.

Plus500 Website

Overview:

• Minimum Deposit: $100
• Maximum Leverage: 1:30 (T&Cs apply)
• Tradable Assets: over 2800
• Regulated by: ASIC, FMA, FSA, and FSCA.
• Demo Account: Yes

Note: CFD Service. Your capital is at risk

How to Set Up a Free Plus500 Demo Account - Step by Step Guide

Plus500 offers a demo account that traders can use to test trading ideas and make themselves accustomed to real-time market conditions. It provides users with $50,000 worth of virtual funds. Demo accounts from Plus500 are free of risk and allow traders to learn how to use an account on the platform and start trading right away, no matter where they are. 

To open a Plus500 Demo account, follow the instructions below.

• Go to the Plus500 homepage: The first thing you need to do is to visit the Plus500 homepage where you will be greeted with a welcome page. There are two options present at this stage: “Start trading now” and “ try free demo”. Click on the latter option to proceed to the sign-up form.
• Create an account: The sign-up form will require you to enter your email address and a strong password. Then click on the “create account” option. You can open naccount using an existing Apple, Facebook or Google account to save time.
• Plus500 demo download: The demo account can be used with all versions of Plus500 apps. You can download the Plus500 mobile app from respective Google Play and iOS stores.
• Setup the basic: Plus500 does not require anyone to open an actual trading account to use the demo. They have introduced a button that lets users seamlessly toggle between a real account and a demo account. There is no need to download the software as you can access the live Plus500 Web Trader platform from within the demo account.

Plus 500 Demo account features

A Plus500 demo account offers almost all the features and tradable instruments that one would have with a real account. Plus500’s demo account can be kept open for an unlimited time and can be opened without having to open a real account. Plus500 users are now able to self-adjust their Demo account balance. This allows users to personalize their trading experience while using the Plus500 demo and better reflect their target volume of investments. Some of the features of the demo account include the following:

Tradable instruments

Plus500 has an extended offering that spans seven market categories and consists of more than 2800 CFDs. Some details of the offerings are given below.

• Shares CFDs: Plus500 provides CFDs on more than 1000 mainstream company shares from Germany, the U.S. and the United Kingdom just to name a few counties.
• Options CFDs: You can trade call and put option CFDs covering twenty popular indices, stocks and currency pairs.
• CFDs on Indices: Plus500 includes Index CFDs covering major stock markets from around the world including France 40, UK 100, NASDAQ 100, ASX 200 and USA 500.
• Forex CFDs: You can trade CFDs of more than 60 currency pairs, which includes EUR/USD, EUR/GBP and GBP/USD.
• CFDs on ETFs: Plus500 allows you to speculate on more than 90 ETFs(Exchange-traded funds)CFDs including the famous SPDRUSA500 and VXX Volatility.
• Cryptocurrency CFDs: Recognising the popularity of cryptocurrencies, Plus500 now allows traders to trade CFDs on popular cryptocurrencies including Bitcoin.
• Commodity CFDs: You can trade more than 20 CFDs on commodities including energy commodities like gasoline and oil, agricultural commodities like wheat and coffee and precious metals like gold and platinum.

Trading Platform

A Plus500 demo account allows you access to its proprietary trading platform with virtual funds. It’s an online-only front end web application, which requires nothing to be installed or downloaded. This is extremely appealing to people who aren’t tech-savvy or traders who do not use a secure proxy server for internet connections. The Plus500 is a trading platform however is not available for CFD trading in the US due to SEC restrictions on OTC derivates. But US traders are allowed to trade futures on Plus500.

Plus500 provides Web Trader, which is a user-friendly application offering streamlined trading and can be used across multiple devices. You can analyse charts, create watch lists, as well as monitor trades directly from this comprehensive platform. You can use any of the + technical indicators available and apply them to different time frames.

The most appealing feature of Plus500’s platform is access to more than two thousand instruments. They can choose their preferred instrument, analyse them on a technical chart and execute trades with just a few clicks, all from a single, comprehensive platform. However, WebTrader cannot integrate third party analytical and automaton tools in their trading process.

Mobile trading platform

If you enjoy trading on the go or cannot afford to spend time sitting in front of your computer, you may access Plus50’s mobile versions of its trading platform. It's available for free download from Google Playstore as well as Apple’s App Store. It provides a very seamless, one-click experience and offers all trading options offered by the normal app.

How to login into your Plus500 demo account?

If you want to login to the Plus500 demo account, the first thing you have to do is visit their official website and signup. The platform will send an email containing login instructions. Once logged in, you will have access to different financial instruments, technical indicators as well as real-time prices. It gives novice traders a chance to build up their skills byparticipating in a live trading environment, with virtual funds. On the other hand, experienced traders can explore what Plus500 has to offer and test different strategies.

Note: CFD Service. Your capital is at risk

FAQ

Unlike many of Plus500’s competitors, their demo accountdoes not have any expiration and is unlimited. Plus500 also allows traders to operate multiple demo accounts at the same time.

To switch between a real money account and a demo account, go to the login screen and choose your preferred account type. Alternatively, you can go to the main platform screen or the app menu and select either the “Switch to demo mode” or “Switch to real money” to use your preferred account mode.

Plus500 monitors demo account user funds and automatically replenishes the initial amount of $50,000 (virtual funds) if a particular account’s balance goes under $200 or the currency equivalent.

Apart from the demo account, Plus500 offers a Real Trading Account.
A real account is the standard Plus500 account which is available in the EU, UK, Singapore Australia and the rest of the world. The real account gives traders access to CFD trading on 70 currency pairs, cryptocurrencies, commodities, shares, options, ETFs and indices. Leverage depends on the CFD you are trading, with the maximum leverage allowed to clients from the EU and Australia being 1:30, while that for Singapore traders is 1:50. With the real account, traders get negative balance protection and 4 different stop-order types including a guaranteed stop aimed at protecting you from slippage.
The professional account includes the real and the demo account but offers some extra features compared to a retail account. To open a professional account, users have to meet certain conditions. They should have a recorded high volume of trading in the last 12 months, a minimum investment of €500,000 and experience in the financial services field. This account type is only available to clients in the EU, AU or UK. The maximum leverage for this type of account is 1:300. Disclaimer: Professional accounts do not have ICF rights.

Plus500 users are able to self-adjust their Demo account balance. This feature allows users to personalize their trading experience while using the Plus500 demo and better reflect their target volume of investments.
Plus500 caters to traders who are looking for executing trades in a simple way. They provide competitive spreads which keep costs at a minimum. The proprietary WebTraderplatform is intuitive and user-friendly as well. Traders can take advantage of the customizable charts where they can directly conduct technical analysis.