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As with most things involving the stock market, the only way to tell if you’re ready to get into futures trading is by actually doing it. Of course, doing so comes with the risk of losing money as you learn the tricks of the trade – unless you’re using Plus500, that is. The popular online trading platform offers users $50,000 in Demo money to trade on futures using real-time market data. When you’re ready to use real money, you can do so with zero platform or market data fees.
The Future(s) is Now
The U.S.Commodity Futures Trading Commission estimates that individual investors make up about 15% of the futures market, and the results of their first few trades will determine if they stay in it or not. If they lose money, odds are they’ll permanently leave the market. If they make money, they’re more likely to continue while increasing their trade frequency and size.
This is one of the reasons why futures trading has historically been seen as something reserved for larger companies or veteran investors. Even if you have some capital saved up, you might not be willing to risk it on something you have little to no experience with.
That’s where Plus500 comes in. The company started in 2008 and specializes in contracts for differences (CFDs), options on futures, and futures trading, with operations in Singapore, London, Japan, the United States, and more. As of this writing, it has a user base of more than 20 million people worldwide.
Learn Then Earn
Unlike other trading platforms, Plus500 doesn’t charge you to get your foot in the door. You can watch dozens of videos or read articles on the ins and outs of futures trading at no cost and no account needed. Once you feel you’ve learned enough, you can start practicing real-life trades with $50,000 of Demo money to see if you’ve got what it takes.
You’ll get real-time and historical data on agricultural, crypto, energy, and other futures with the option to buy or sell them using your Demo money. What’s more, Plus500 offers simple yet thorough explanations on every step of the process.
Switching to real money is as simple as clicking a few buttons, and users can start trading with as little as $100. Your money will be held in a bank account that’s separate from the one used by the company.
Whether you’re using real or Demo money, Plus500 offers a robust FAQ section and 24/7 support.
Low Fees
On top of having zero market data or platform fees, Plus500 has low commission fees. Each micro contract comes with a $0.49 fee, and standard contracts are charged a $0.89 fee per side. There is an auto-liquidation fee of $10 per contract. There are no withdrawal, deposit, or routing fees, though there’s a $100 and $200 minimum for using debit cards or wire transfers, respectively.
Additionally, users must pay regulatory and exchange execution and clearing fees.
Is it Time to Invest in Your Future?
If you’ve been curious about futures trading but hesitant to take the plunge, Plus500 is a great choice. You can practice for as long as you want with zero pressure to start using real money until you’re ready, and when you are there will be experienced traders ready to help you. Start today with as little as $100 and minimal fees.
Start investing in your future with Plus500.