Is Plus500 Good for Day Trading? - Personally Tested in 2024 (2024)

FAQs

Is Plus500 good for day trading? ›

Yes, Plus500 is suitable for day trading via CFDs and Futures, offering a user-friendly trading platform, diverse markets, competitive spreads, and a handy mobile app. It includes leverage options, enhancing potential gains but with increased risks.

If you've got a little bit of cash and the dedication to learn short-term trading skills, it can be a very profitable career. How much do you need to start trading? Well, that depends, but $500 is a good number to get started.

Question: Is Plus500 regulated? Answer: Yes, Plus500 is regulated by reputable authorities including ASIC, CySEC, and FCA.

80% of retail investor accounts lose money when trading CFDs with this provider.

Any trading method which is prohibited under the terms of the User Agreement such as scalping, automated data entry system and hedging, or which falls under the definition of market abuse such as insider trading, as well as any prohibited activity such as an abuse of our bonus system, is not allowed on our trading ...

A common approach for new day traders is to start with a goal of $200 per day and work up to $800-$1000 over time. Small winners are better than home runs because it forces you to stay on your plan and use discipline. Sure, you'll hit a big winner every now and then, but consistency is the real key to day trading.

You're really probably going to need closer to 4,000 or $5,000 in order to make that $100 a day consistently. And ultimately it's going to be a couple of trades a week where you total $500 a week, so it's going to take a little bit more work.

Understanding Intraday Trading

For example, if you buy 100 shares of an X company for INR 10,000 and close the deal when its value reaches 11,000, you profit from INR 1,000 daily. Intraday trading is a high-risk, high-reward strategy.

Your data is safe and your funds are kept in segregated bank accounts, in accordance with regulatory requirements.

Can I use Plus500 in the USA? ›

A giant of the CFD industry, Plus500 has recently expanded into the United States to offer futures trading via its state-of-the-art platform on the web, desktop, and Android/iOS mobile devices. US clients can access futures contracts on forex, indices, commodities, bonds, and cryptocurrencies.

With the Plus500 Trading Platform it is not possible to lose more than the amount invested and customers cannot be left in debt to Plus500.

In order to make a withdrawal you should follow these instructions: Click on “Funds” → “Withdrawal” → Select your preferred withdrawal method → Fill in the fields and click on the "Open a Withdrawal" button (on mobile devices, you can access the “Funds” screen from the menu button).

It is your responsibility to report and pay tax according to the laws in your local jurisdiction. Moreover, in certain countries we are obligated to withhold tax at source. Please refer to the User Agreement for the relevant provisions on this matter in your jurisdiction.

Yes, Plus500 is suitable for beginners, offering a user-friendly platform and a range of educational resources. However, it's crucial for new traders first to use the demo account and participate in the Trading Academy to gain the necessary experience before trading with real capital, due to the risks involved.

Stocks are among the most popular securities for day traders — the market is big and active, and commissions are relatively low or nonexistent. You can also day trade bonds, options, futures, commodities and currencies. Typically, the best day trading stocks have the following characteristics: Good volume.