In this article we will see how to use Plus500 without depositing. There is no trick, there is no deception, no crack or machinations of any kind: it is an opportunity offered by the broker himself, which allows you to use his trading platform in demo mode, for free.
The demo is a mode in which you can trade on CFDs using a virtual, fictitious budget, thus without any risk on your real portfolio. Plus500 allows you to trade with 40,000€ virtual, on the same platform you actually trade with. In this way, you can become familiar with all the tools and functions on the platform.
There is no better way to test the platform, or to learn. Now open a demo account with Plus500 to try it out yourself without any deposit requirements.
Plus500 without deposit, is that a scam?
The Plus500 demo is free of charge and without obligation. In fact, if you no longer want to use it, just stop using it.
It is not even required to switch to the real account. You can then try the demo, without ever switching to the real account.
Ultimately, you can use the Plus500 trading platform without depositing, neither at the beginning nor ever.
To get started, you can also proceed from Plus500 official website, where you will find the text visible below and with the link “FREE Demo Account” on which you can click to open it in seconds.
What is the deadline for the Plus500 demo? How long does it last?
The Plus500 demo allows you to practice without depositing without time limits.
So take all the time you need to learn, study the theory and practice, as explained in our comprehensive guide to trading with Plus500.
Is the Plus500 demo always free?
The demo account and the real account are two distinct things. When you switch to the real account (or “real mode”) the demo account is still active and available. This means that at any time you can “switch” from the demo account to the real account, to practice with one or the other.
The two accounts, however, remain separate and independent.
If you decide to trade in real mode, you will simply activate your real account as well. To operate in real mode, of course you need real money that you can pay with a deposit. This deposit will be credited to your real account and can be used to trade in real mode.
That’s it. The demo account is always active, but does not require any cost.
In addition, we would like to repeat it, you can also operate only with demos, for as long as you want.
Dealing with small deposits
Here we want to offer you a small but valuable advice, in case you decide to switch from the demo account without depositing, to the real account. The advice may appear almost obvious, but at the risk of appearing trivial, we recommend that you start with sums not too high.
Trading with CFDs allows you to produce economic results even with small amounts, so you can trade with small deposits. As we have seen in the article about the minimum deposit of Plus500, this broker provides a minimum deposit of just 100 euros.
However, we also advise you, in case you feel ready to start with real trading, to have a little more liquidity, so that you have more operating space that does not constrain you too much with possible adverse market movements.
How does the free Plus500 demo account work?
The Plus500 demo account works just like the real account. The small but big difference is that you work with fake money. This means that, in addition to taking no risk, your orders do not affect the market, nor sentiment.
In fact, there are new Plus500 instruments that allow you to view market sentiment, i.e. the percentage of traders who are trading upwards or downwards on a particular instrument at a given time/period.
However, with regard to the following aspects, the demo account will allow you to operate in the same way as the real account:
- Tradable instruments
- Real-time prices and charts
- Financial leverage
- Initial and maintenance margins
- Technical analysis tools
- Customer Service Chat