Plus500 Demo Account: Opening & Key Information (2023)

Opening a demo account with Plus500 is the best way to start as a beginner or as a trader who wishes to try out new strategies in a risk-free way.

InvestinGoal’s team of reviewers have broken down the process of setting up and utilising a Plus500 demo account and reviewed the features it has to offer.

Main features of the Plus500 demo account:

• Unlimited
• Free to use
• All live account markets and assets available
• Switch to live on the same platform

Round-up

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Plus500 demo account opening tutorial: step by step procedure

Here, we step you through how to utilise Plus500’s demo account specifically and offer a tutorial on setting up your account.

Step 1: visit the website of Plus500

First, head to the Plus500 homepage. As you can see from the image below, once you are here, simply click on the ‘Try Free Demo’ button which will direct you to try a demo account as highlighted.

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Step 2: fill the registration form

The Plus500 demo account registration form which greets you from the outset is extremely simple. As you can see from the image below, all that you will need is your valid email address, and a password.

This process can also be completed via your social accounts through your Facebook, Google, or Apple account to make the process even easier.

Step 3: login into the demo account

You will be immediately directed to the Plus500 Webtrader and informed of the available demo funds.

The Plus500 Webtrader and initial screen you are greeted with should look just like the image here:

Plus500 demo account features

It’s very simple to open a demo account. All you need is a valid email address and a password.

The demo account offered by Plus500 is unlimited. Unlike other demo accounts, you cannot open multiple demo accounts with the same email address.

There are 2000+ CFD assets available to trade, just like for the live account and $40,000 in virtual funds is accessible.

The broker’s proprietary webtrader platform is the only one which is available while educational materials are offered via Plus500’s website, including tutorial videos which explain how to trade with Plus500.

Differences between live and demo Plus500 accounts

Plus500 offers one retail standard account which is available as a demo.

The major difference between a live and demo is that slippage in a demo won’t incur. Slippage is the difference between your requested order price and the order’s execution price. When price changes quickly, your order can be executed at a different price compared to when the order was opened.

There are no inactivity fees. The demo account with Plus500 does not expire even if you’re inactive or when you open a live account.

How to switch to a live account

When switching to a live account, you won’t lose your demo which will remain available.

To open a live account you will need to upload proof of your identity (Passport, ID, or Driver’s Licence) and proof of your residence (Bill utility or bank statement). Depending on the country, the broker may ask you to fill a questionnaire about your trading knowledge and other information.

When Plus500 verifies your account, you can now proceed to make the first minimum deposit to start trading. Plus500 minimum deposit is $100.

How to best use your Plus500 demo account

Here are a few tips on how to get the best from your Plus500 demo account:

• Do not open large positions if you are not planning to trade with large amounts of money
• Treat money as if it were real
• Practice daily
• Study any materials available to learn more

Pros and Cons of the Plus500 demo account

Pros

• Unlimited

Cons

• No cons