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Plus500 Demo Account - How it Works

Online trading is like taming an unpredictable animal: you need a lot of experience and a fair amount of luck. Demo accounts are a great means to flatten your learning curve by simulating real-life trades without losing real money. You learn how to place orders, analyze market trends, build charts and confidence. You also get a taste of what it feels like to lose money, which is almost inevitable for any trader.

If you plan on opening an account with Plus500 (or even if you already have one), we recommend trying out their free demo account as even seasoned traders have something new to learn. Using the demo account is completely risk-free as you can’t lose real money.

Plus500 is primarily a CFD broker and trading CFDs comes with a particular set of risks and you can start losing your money rapidly. Therefore, it makes even more sense to simulate trading CFDs in the completely safe environment provided by the demo account.

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How to set up your Plus500 demo account? 

 

Here’s the good news: at Plus500, you don't have to open a real trading account in order to use the demo account. Consequently, you don’t have to make a minimum deposit either.

 

The demo account opening process is straightforward and extremely fast. All you need to do is click on the Try free demo button, enter your email address and password and you are good to go. You can also sign up  using your Google, Apple or Facebook account.

 

Once your Plus500 demo account is up and running, the software will take you through a basic tutorial of the trading platform, including how to place an order and where the basic functionalities are.

 

You will get a fictional amount of money with which you can open and close positions randomly or you can put your trading strategy to test. Worried about running out of your fictional funds? No need; if the balance of your demo account drops to EUR 200 (or equivalent amount) or below, the initial demo amount will be automatically reinstated by the system.

 

Plus500 demo account functionalities

 

The Plus500 demo account does not require any software downloads, the trading platform runs on the Internet and you can log in on any computer. 

With the demo account, you will trade in real market conditions without the risk of losing your money. There is no time limit for using the demo account, you can practice for as long as you feel it’s necessary. 

You can view your active/closed positions, the bid and ask price of any given asset,  as well as the highest and lowest prices for the day.

The system will send notifications of important market events that affect asset prices. 

You can try your hand at trading with leverage, which allows you to open a larger position by borrowing funds from your broker. You can also short sell CFD shares if you think the price of the share will decline.

Check out the video tutorials to familiarize yourself with the platform and get a taste of various trading strategies. 

 

Switch to real money

 

The Plus500 demo account enables users to access their real trading account with the click of a button. When you feel confident enough to trade with real money, you can click on the real mode button and start using your real money account or sign up for one. Naturally, you will need to deposit real money into your account first before you start trading.

 

When you switch to real mode, your demo account will remain active and you can switch back to demo mode any time if you want to test out a trading idea without risking your money. 

 

How can you reset the Plus500 demo account?

 

The Plus500 demo account will automatically reset if you have lost too much money. You don’t have to reset the account yourself. 

If you feel stuck or have any questions, reach out to the support staff, who are available 24/7. The most convenient way is by using the live chat function embedded in the trading platform. 

 

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Author of this article

Edith Balázs

Author of this article

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Edith Balázs

Senior Editor

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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