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 platform. In such circumstances, we reserve the right to void all of your trades and/ or close your account. For more information, please read our User Agreement available on our website.
Customers cannot lose more than the funds they have on their account. The “Margin Call” feature exists in order to prevent your account from having a negative balance. For more information please read “What is a Margin Call?”
Yes, and it is completely free! You can receive notifications and alerts each time you open/close a position, when an instrument reaches a specific rate (price), prior to a Margin Call, etc. Using this service, you gain a certain degree of control over your Trading Account, even when you are logged out of the trading platform.
1. 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.
You should familiarise yourself with the following definitions:
Customers should monitor their balance at all times and make sure that they have sufficient funds in their trading account to maintain their open positions. Moreover, customers can request to receive a notification by email/SMS/Push in case the account's equity is getting close to the total maintenance margin value. To do so, click on “Account” → “Notifications” or if you are using the mobile apps, click on “Menu” → "Price Alerts” → ”Notifications”.
In order to generate a report of your closed positions, profits and losses, etc. log in to your Plus500 account, click on “Funds Management” → “Reports” (on mobile, go to “Account” → “Reports”).
Initial Margin = (position's opening price*size of the trade)*initial margin percentage.
For example, let’s suppose you buy 30 Facebook stocks CFDs for $75 each (a "Buy" position), then the value of the position would be 30*75=$2250. If the Initial margin percentage were 20%, then the required initial margin would be 20%*2250=$450.
To close a position, click on the “Close Position” button on the main screen or in the “Open Positions” tab. Once you have clicked this button, a pop-up box will appear and you will need to confirm or cancel your request to close the position. In this pop-up box, you also have the option to partially close your position. For example, if you have a position on Natural Gas of 2000 contracts, you can choose to close 1000 contracts and to be left with a smaller position.
To create a new alert, click on the Alert icon ( ) on the main screen or in the instrument “Details” screen.
Plus500 does not provide its products and services to residents of United States.