The Plus500 demo account is a trading platform that replicates real market conditions using virtual funds. Plus500 provides this tool for traders to practice strategies and understand market dynamics without financial risk. The account operates on the Plus500 WebTrader platform, requiring only a simple registration process without the need for deposits. Users access the same instruments, market data, and interface as live accounts, ensuring a seamless transition when moving to real trading.
The Plus500 demo account includes unlimited virtual funds, real-time price data, and full access to all available markets and assets. Users trade stocks, forex, commodities, cryptocurrencies, and indices with leverage. The demo account reflects live market movements, offering a realistic trading experience. Traders can switch between demo and live modes within the same platform. Customer support remains available for assistance, and educational resources help users improve trading skills.
The Plus500 demo account has no expiration, allowing traders to use it indefinitely. Users who want to reset their account balance or restart trading strategies can contact support. The absence of a time limit ensures long-term practice and strategy development before transitioning to live trading.
How to open a Plus500 demo account?
There are three steps to open a Plus500 demo account. These are to visit Plus500’s website, fill the registration form and login into the demo account. The different steps to open a Plus500 demo account are listed below.
First, visit the website of Plus500. 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.
Second, fill the Plus500 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.
Third, login into the Plus500 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:
What are the features of the Plus500 demo account?
The features of the Plus500 demo account are listed below.
- Platform Access: The Plus500 demo account is accessible through the proprietary web-based trading platform, which is download-free and provides immediate access to users.
- Virtual Money: The Plus500 demo account provides virtual money, with a customizable balance ranging from $200 to $40,000 or its currency equivalent.
- Tradable Instruments: The Plus500 demo account offers access to all tradable instruments available on the platform.
- Leverage: Leverage is available in the Plus500 demo account.
- Market Data: The Plus500 demo account includes real-time market data, closely mirroring real market conditions to provide a realistic trading environment.
- Time Limit: There is no time limit on using the Plus500 demo account.
- Account Reset: Traders can reset the Plus500 demo account by contacting customer support if needed.
- Educational Resources: The Plus500 demo account includes educational resources through the Plus500 Trading Academy, which offers various materials to help users improve their trading knowledge.
- Strategy Development: Traders can practice trading strategies on the Plus500 demo account. It allows users to develop and refine their strategies in a risk-free environment.
- Customer Support: Customer support is available for Plus500 demo account users to provide assistance around the clock to handle inquiries and challenges.
The Plus500 demo account main features and characteristics are detailed in the table below.
| Plus500 demo account | Characteristics |
|---|---|
| Demo available | Yes |
| Trial duration | Unlimited |
| Demo platforms | Proprietary platform |
| Virtual money amount | $40.000 |
| Customizable features | Yes |
What is the difference between a live and demo Plus500 account?
The differences between Plus500 demo and live accounts involve real vs. virtual money. The Plus500 demo account simulates real market conditions but lacks exposure to trading psychology. Slippage, commissions and real profits/losses are absent in the Plus500 demo. The Plus500 demo aims to familiarize traders with the platform and test strategies risk-free.
In demo accounts, traders practice with virtual money without the fear of losses, while in live accounts, traders operate with real money. This involves financial risks, as losses have a direct impact on traders’ capital.
Demo accounts try to replicate real market conditions, but factors such as commissions and slippage can lead to differences in the market execution compared to live trading. When trading in real, the high volatility can produce differences between the requested order price and the order’s execution price, known as Slippage. When price changes quickly, your order can be executed at a different price compared to when the order was opened. Slippage will not happen in a demo account because it’s filled with virtual money.
In live accounts, traders encounter costs, such as commissions, spread and other transaction costs, which affect traders’ earnings, while in the demo account there are no transaction costs and commissions are low or equal to zero.
How to switch from a Plus500 demo to a Plus500 live account?
There are three steps to switch from a Plus500 demo to a Plus500 live account. These are to provide proof of your identity, verify your account and make the first deposit. The different steps to switch from a Plus500 demo to a Plus500 live account are listed below.
First, you need to upload proof of your identity (Passport, ID or Driver License) and proof of your residence (Bill utility or bank statement) to get verified. Depending on the country, Plus500 may ask you more questions to check your trading knowledge.
Second, Plus500 will verify your account. This step confirms that your identity and residence have been authenticated.
Finally, once you have completed Plus500 verification, make your first deposit and start trading. The Plus500 minimum deposit is $100. When switching to a live account, you won’t lose your demo which will remain available.
How to best use a Plus500 demo account?
To best use a Plus500 demo account you have to avoid opening large positions, treat money as if it were real, practice daily and study any materials avaible.
Avoid opening large positions unless you intend to trade with significant amounts in a real account. This helps you develop realistic expectations and risk management skills.
Treat the virtual money in your demo account as if it were real. This mindset will encourage responsible trading habits and prevent reckless decision-making when you switch to a live account.
Make it a habit to practice daily. Regular trading sessions will help you familiarize yourself with the platform, improve your strategies, and build confidence in your decision-making.
Take advantage of all educational materials available. Studying market trends, strategies, and platform tools will enhance your trading knowledge and increase your chances of long-term success.
What are the advantages of a Plus500 demo account
The advantages of a Plus500 demo account are listed below.
- Trial duration: the Plus500 demo account is unlimited
- Easy to open: it is a quick procedure, which takes a few minutes
- Knowing the platform: traders can know and familiarize themselves with the platform offered by broker
- Risk-Free Learning: allows traders to practice trading techniques and strategies without risking real money
What are the disadvantages of a Plus500 demo account?
The disadvantages of a Plus500 demo account are listed below.
- Lack of the psychological factor: it can lead to a false sense of security
- No slippage: demo accounts allow you to execute orders at the requested price and can lead to unrealistic expectations of the markets
- No risk factor: traders use virtual money and may not fully understand the importance of risk management
To find out more about Plus500 characteristics, features, pros and cons and opinions, check out our “Plus500 review.”