CFDs & Bitcoin Day Trading Strategy on Plus500 with Leverage, Low Spread & Fees

9 min read

Licensed to operate as an online broker, Plus500 provides trading in commodity futures, exchange-traded funds (ETFs), foreign exchange (forex), indices, and stock exchanges (shares). Plus500 Ltd is a company with its headquarters situated in Israel, with an operating subsidiary in the UK – Plus500UK Ltd.

With Plus500, you can trade Bitcoin, equities, forex, commodities, ETFs, and indices with low spreads and no commissions. “Availability subject to regulation” as cryptocurrencies are banned for retail clients from the UK

⚠️ The risk warning : 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Additionally, Plus500 offers negative balance protection. The ”negative balance” protection is a regulatory requirement with which Plus500 complies.

Plus500 also offers a loss stop guarantee. With a portfolio of over 2000 instruments, Plus500 is solely focused on CFDs (Contracts for Difference) and is growing rapidly. For the first time in 2013, Plus500 will offer Bitcoin CFDs for trading. In 2014, Plus500 Ltd. was listed on the Main Market of the London Stock Exchange, and it reached a market capitalization of $1 billion.

Plus500: What is it and who is it for?

A platform for financial products that is provided by Plus500 Ltd., the company that issues and sells them, is also part of Plus500. Plus500 offers about 2000 different trading instruments and has a significant client base. A number of subsidiaries of Plus500 provide CFD trading services to the company’s customers in the United Kingdom, Australia, Cyprus and Singapore. Founded in Israel, Plus500 has offices around the world.

The CFD platform Plus500 is available in more than 60. Also, Plus500 cannot be used by traders from Canada, Belgium, and United States. This CFD provider offers CFDs on commodities, equities, indices, and futures at a good price, as well as a great trading platform.

How can I find the best provider of CFDs?

Numerous variables can influence the quality of CFD providers. Aside from that, the provider of CFDs boasts accolades and a client base. A number of reviewers have praised Plus500’s excellent mobile app, which ranks among the most popular CFD trading tools on both Google Play and App Store.

The platform’s accessibility and affordability have also been praised by users. Its popularity has led to about one million users using the CFD platform. As a result, it must be doing something right. Next, we will examine Plus500’s offer in more detail, but we should check first whether the service is trustworthy.

Accounts fall into two categories.

One account type is available with Plus500. Rather than offering different accounts depending on your deposit amount, there is just one standard option. Before you can start trading, certain security measures must be taken. Before depositing money, you can test the platform with a demo account.

Live Accounts:

Start with a real account by depositing $1000AUD, £100, or $200AUD. The interface is fairly straightforward. After the application process is complete, you’ll be able to trade over 50 assets. Unlike other brokers, we don’t push customers to buy. With Plus500, you’ll always remain positive, so you’ll never lose more than your investment and please be aware that CFD trading is a risky activity that could lead to capital losses

Demonstration Accounts:

There is no harm in using the demo platform. If you want to use the demo site before signing up, you don’t have to pay. This enables you to experiment with trading before putting your own money at risk. If you make mistakes on the demo platform, you will have a better chance of success on the live platform.


What features and payment methods does Plus500 provide that you are looking for? There are many important factors for traders to consider, including rewards, commissions, spreads, and leverage. How many assets do you have, and do you offer stop-loss orders, as well? Following are some aspects of trading we examine:


Leverage varies greatly from broker to broker for CFDs. Leverage is capped at 1:30 for retail accounts. So, you cannot borrow more than 30 times the value of the currency you are exchanging. It is important to note that only professional accounts are scaled on a 1:300 basis. However, this can also increase your losses dramatically, so you should be warned of the potential downside.


In addition, Plus500 doesn’t charge commissions; they make their money by offering customers spread.

The spreads offered by Plus500 are dynamic spreads that are adjusted continuously based on the market spreads during the period a position is open vs. a Spread that does not fluctuate in line with general market conditions while a position is open, but may change to reflect the underlying market conditions when the market is volatile and illiquid.

However, Plus500 strives to provide the tightest spreads possible at all times.

Stop the Loss:

CFD trading requires the use of stop losses in order to minimize losses. A stop-loss order is placed as soon as your account starts to lose money, aiming to exit the transaction at the predetermined price. Close-at-profit is another option, which must be set up before trading, but means you are paid out when the price reaches the designated level, allowing you to collect the profit.

Types of Platforms:

A variety of CFD trading applications are offered by the broker in order to enhance your CFD experience.

Plus500 offers the Plus500 Webtrader as a trading platform. Plus500 Webtrader is accessible from any device with an internet connection without the need for downloading. It can be used on a Windows computer, on an Apple Mac, or on mobile phones with Google’s Android operating system or an iPhone with iOS.

On-the-go markets:

There are no promotional offers or trading competitions. Additionally, they offer a free demo account for prospective traders to test out their services.

Plus500 easy to use on a mobile device with an iOS, Android, or Windows trading app.

Getting Started with Deposits and Withdrawals:

A variety of methods are available for depositing funds into your account. In addition to major credit and debit cards, e-wallets such as Skrill or PayPal are accepted by the broker. Paying by bank transfer is also an option. Banks and payment providers may charge you fees, and currency exchange fees may also apply. According to the fine print, a fee can be assessed upon exceeding the limit for monthly withdrawals. Inactivity over a period of several months results in a significant of $10 multiplying.

Special Features:

Its many features make Plus500 an excellent choice. Demo accounts are among them since they do not have time limitations. Furthermore, there are no commissions since the spreads cover all costs associated with trading. Furthermore, the fact that you can choose from over 30 languages is also something that makes this broker a nice choice. Using leverage and losing all your money will not result in a negative balance.

Customer Support:

During regular business hours, desktop and mobile devices are both supported by live chat. This can be seen in the lower right corner as you navigate the site. They offer 24/7 email, chat support, and WhatsApp. Their Twitter and Facebook accounts, however, can be followed.

Convenience of Use:

In evaluating Australian forex brokers and CFD providers in Australia, our team of forex traders deemed the Plus500 trading platform to be the most user-friendly. In addition to testing Plus500’s live account, we compared its features with those of competitors. With Plus500, you can trade both on the PC and on mobile platforms (Android and iOS).

Plus500 does not offer MT4 (MetaTrader 4) trading platforms: instead, the broker offers its own. Online derivatives providers offer web trading as well. You can access your account from anywhere with this. This platform displays all the necessary information for making a transaction in a single screen so that traders can stay focused.

Plus500 platform is suitable for experienced traders only. Though Plus500 is a very user-friendly platform, CFDs are “complex financial products”, thus the platform is not suitable for beginners/ un-experienced traders.

CFD Unique Platform

One of Plus500’s advantages is its CFD trading platform. CFD traders who are accustomed to other platforms like Metatrader 4, Metatrader 5, and cTrader may be put off by the lack of API feed or advanced charting. Plus500 is a great choice for users who want only the information they need. But it’s not suitable for users who require complex capabilities.

Open a Plus500 account by following these simple steps.

It is quick and easy to open Demo account with Plus500. Your personal information and documents will be required to set up a new account. You must verify your account before you can begin trading. Therefore, the wait time will vary. The document must include your name, photograph, birth date, PIN, and expiration date (such as a passport or ID card).

After reviewing your address, the CFD provider will contact a third-party to verify that you are who you say you are. Alternatively, you may submit an all-inclusive bill from communal services. A bank statement or credit card statement that shows you own the bank account is required for your trading account. Before you can trade, you will need to deposit at least $100.

Plus500 is a transparent platform, or is it something else?

Plus500 is a transparent platform since it is run in different places throughout the world. Depending on your location, you will be assigned to one or more subsidiaries. Subsidiaries are approved and governed by their own governing bodies.

Those who live in the UK will receive an account called Plus500UK Ltd and an investment protection of £85,000. Plus500UK Ltd authorized & regulated by the FCA (#509909). As the oldest broker platform, Plus500 was established in 2008 and has been providing quality services since then.

All subsidiaries are governed by the country in which they are located, and all operations are conducted in accordance with unique terms and conditions. This platform is evidently reliable based on its track record.

Fees and commissions for plus500

Services and goods can be exchanged freely. The platform Plus500 does not charge any commissions for trading. This feature is not available for all instruments, and there is a charge for Overnight Funding, Currency Conversion Fees as well as Guaranteed Stop Order Futures. In both buy and sell transactions, the user pays a spread. Depending on where you trade, these spreads may vary for any trading instrument. Spreads are based on the instrument and are regularly updated according to market spreads. The account can be set up to automatically recharge after a certain amount is deposited. Demo accounts and other useful tools are essential to successful trading.

Trading Platforms

Nevertheless, it’s a good platform. In addition to WebTrader, the company offers a mobile platform that is even more powerful. Look at what this software has to offer in more detail.


Its primary platform, WebTrader, is exceptionally easy to use and accessible. The WebTrader platform will never leave you confused. From the primary screen, users have easy access to charting and trade execution. It’s easy to find exactly what you are looking for with the powerful search function.

It is extremely convenient to access practically everything from the main platform window. For more information, click “Details” on the main screen. Click on the plotting tool to expand it to full screen and it will have more than 100 indicators. Since WebTrader and Plus500 are closed systems, MT4 is not supported by WebTrader. In addition, the platform doesn’t allow social trading or algorithmic trading. Plus 500’s WebTrader also lacks features like advanced technical analysis tools, as it is not possible to import third-party tools. If you want something easy to use but with more comprehensive research capabilities and customizability, it’s best to check out IG and Oanda.

More about WebTrader

WebTrader is, without doubt, a great app for mobile devices, thanks to Plus500. App users can view their account information, place conditional orders, and access the entire portfolio of trading instruments. This app contains the same indicators as the web-based version, and it is highly secure. WebTrader mobile platform users can, if they so desire, have access to their accounts with fingerprint scanners. The mobile platform, though it is fantastic software, suffers from some of the same issues as the web-based platform because it lacks some features for experienced traders. In addition to Android and iOS devices, the app is also available for Windows.

Plus500 is secured by SSL

As a result of being exposed to volatile assets, traders of CFDs are at risk of high losses, according to the UK’s financial regulators, ESMA and FCA. CFD traders lose more than 77 percent of their money, according to research. Market volatility and transaction costs are two of the most common reasons for investor accounts being depleted.

Europe’s Securities and Markets Authority (ESMA) extended a three-month ban on selling CFD products to retail clients in March 2019. Some of these restrictions included limits on the degree of leverage on various forms of CFDs, the minimum required margin that would trigger margin calls, and the incentives offered to trade CFDs. Investors were warned of risks when institutions published institutional risk warnings. Before trading, traders should be familiar with CFDs. Investments should only be made with money that investors can afford to lose or gain.

Tips and Tricks for Using Plus500

The program can also be downloaded from the Google Play Store or Apple App Store. You can easily use the app. Purchasing or selling can be done by searching for the market you wish to trade and then placing an order. Despite that, the app is less conducive to research and technical analysis due to its smaller screen size. Apps and platforms work in the same way in terms of how to utilize them or trade on them. Click Buy or Sell after selecting an investment size, checking the figures, and then clicking Buy or Sell. Trades can be modified in various ways, such as stop-loss levels and price alerts.

Is Plus500 Best for Day Trading?

There is no doubt that Plus500 operates at a high level of efficiency and reliability. A short period of time can be taken to execute trades on their Web trader platform. Moreover, you have the choice of trading a large variety of assets from your home. Additionally, this ability to open and close CFD positions at any time makes it possible for you to make any necessary adjustments to your investment portfolio and positions. In addition to short-term trading, Plus500 offers excellent long-term investment opportunities as well. Demo accounts offer you the chance to test out the platform, analyze historical data, and see if the layout is right for you.


Plus500 offers skilled traders a great way to trade CFDs. Their platform is secured by SSL, and it is safe in terms of protection against hackers. Working with them is a bargain.

Users love the user interface of its mobile and web-based systems. Using a Pro account, large amounts of leverage are available for transactions. Deposits can be made with a small amount of money. There is no better platform out there today than this one! After reading this post and signing up for their platform, you should have a good understanding of what they will offer.

⚠️ The risk warning : 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.