Trade and Buy Crypto Currencies
What is Bitcoin?
Bitcoin is the first virtual currency of its kind, launched back in 2009 by Satoshi Nakamoto. Satoshi’s goal was to remove the control of governments, central banks and banks on money, as is the case with the Fiat money of today.
For Satoshi, the financial crisis was the last straw and in creating a decentralized digital currency, central banks and governments have yet to catch up or get into position to regulate Bitcoin and other cryptocurrencies that have since been created.
Bitcoin has garnered plenty of attention, rising from sub-$1,000 levels at the end of last year to just shy of $10,000 today.
The number of merchants and service providers that accept Bitcoin continue to increase in numbers globally, with there being a number of ways in which interested parties can purchase Bitcoin.
While Bitcoin has grabbed the headlines, the most important characteristic of Bitcoin is the blockchain technology that drives it. Blockchain is a general ledger that is decentralized and stored on all of the computers that form the Bitcoin network. Other characteristics that have fueled demand for Bitcoin include Bitcoin holder anonymity, which has raised concerns over Bitcoin and other cryptocurrencies being used by the criminal underworld.
Bitcoin was the first, but there have been many cryptocurrencies created since and many are in search of the exponential gains that the lucky few earned if invested in Bitcoin in the early days.
By market cap, Bitcoin remains by far the largest and it will take some time before it loses the top spot, if ever.
How to Buy Bitcoin in the UK?
There are a number of ways to buy and sell Bitcoin in the UK. The easiest and most simple one being via brokers which provide traders with the opportunity to take advantage of Bitcoin’s fluctuations. Plus500 is one of the brokers that allow trading cryptocurrencies.
What is a business account?
The merchant account opens the door to the world of financial markets and gives you the opportunity to trade with a wide range of tools, the most popular of which is:
- Forex
- Action
- CFD commodities
- Cryptocurrency CFD (Bitcoin, Ethereum, Lightcoin, Ripple, News and Rates on Cryptocurrency)
A trading account allows you to potentially benefit from bull movements like a bear, it is a real advantage to take advantage of all the conditions of the financial markets.
Opening a merchant account is to open a separate account with a bank whose capital will be dedicated to your speculation on the financial markets and which will allow you to trade with a financial intermediary, the agent of your choice.
Trade CFDs on instruments from the world's most popular markets.
How can I open a Demo account?
You can choose to open a Demo account during your registration process by clicking on “Demo Mode” in the “Select Account Mode” window. You can also switch back from Real Money mode to Demo mode by clicking on “Switch to Demo Mode” in the main platform screen or from the app’s menu.
1. Open an account
To trade on oil prices with Plus500, you’ll need to open an account. It takes a matter of minutes, can be done entirely online, and there’s no obligation to fund once you’ve finished your application.
However, you will need to fund before you place your first trade. Funding a CFD trading account is simple – you can use your debit or credit card
If you’d like to try out oil trading without the risk of losing any capital, you can open a demo account instead.
2. Find your first opportunity
- You can use your Plus500 account to trade Brent Crude and WTI (Called US Light Crude on the platform), as well as Heating Oil, Natural Gas and No Lead Gasoline. And you can access a variety of tools to help you identify the right time to open your first position, including:
- Oil trading signals, which tell you when opportunities arise with details on how to take advantage
- Alerts, which notify you when certain conditions you’ve set have been fulfilled
- Technical indicators, including MACD, Bollinger Bands and RSI
- Find out more about the Plus500 Trading platform.
3. Open your position
Once you’ve decided the market you want to trade, you can open your position on Plus500 web platform, or one of our mobile trading apps.
Open the deal ticket to place your trade. First of all you’ll enter your stake, which dictates the profit or loss you’ll make when the market moves. You can also choose to add a stop or a limit here, which will automatically close your position once it hits a certain level.
Bear in mind, though, that a basic stop loss does not guarantee your position will close at the exact level you specify – if the market suddenly gaps beyond your stop level, it’s possible your position will be closed at a worse level than requested.
If you think oil is going up in value, then ‘buy’ your chosen market. If you think it’s headed down, then ‘sell’ it.
4. Monitor and close your position
Now your trade is open, you’ll want to keep a close eye on it – or use the appropriate monitoring tools – and decide when the right time is to either cut your losses or take your profits. You can also add, remove or amend any stops or limits once your position is open.
To close a trade, you just click on your position and trade in the opposite direction to when you opened it. So if you bought oil, then you’d sell it. If you’d sold oil, then you buy it.
Your profit or loss is determined by deducting the price at which you opened the position from the price at which you closed it, and multiplying the result by your position size. If you bought the market at the outset, then a positive figure indicates a profit and negative one a loss. If you sold it, then it's the opposite.
Step 1 – Open an Account
To open an account with Plus 500 - is a simple process, click here to continue. The registration is fast and easy. All needs to be done is to fill your email address and password.
Step 2 – Verify Your Account
In order to activate your account, you must provide the required documentation. Plus500 provides a simple and fast online platform which makes it an instant process. Customers are required to verify their accounts for identification and security purposes in accordance with Plus500 due diligence process.
Plus500 offers CFD trading in Forex, stock indices, individual equities, commodities, cryptocurrencies, ETFs and options. Plus500 was the first broker to introduce a Bitcoin CFD (2013). The company does not charge commissions on any of its trades. All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500's WebTrader platform. Large volume traders do not get a trading discount at Plus500. The spread is the same whether you trade one lot or one thousand lots. There are no charges for normal withdrawals or terminating an account. Inactivity fees kick in after an account has been idle for three months. Beginning traders can open an account with as little as GBP 100.
WebTrader is simple and easy to use and the layouts will feel familiar. Traders can choose from among more than 2,000 instruments, analyze their selection on a customizable technical analysis chart and place their trade in just a few clicks, all within the same window. Traders can also set price-based alerts on instruments they are following, and WebTrader will notify them via email or SMS text once the price objective has been reached.
The mobile app includes all of the same functionality clients can use in the desktop version to analyze and research trading opportunities. Clients can use conditional orders, track their accounts and receive trading alerts. The dynamic charts can be expanded to full screen to provide better clarity during the technical analysis process. Clients can also deposit and withdraw money from within the mobile app.
Plus500 has been in the CFD business since 2008. They are registered in the UK and licensed by the Financial Conduct Authority (FRN 509902). The company offers CFD trading in Forex, stock indices, individual equities, commodities, cryptocurrencies, ETFs and options. Plus500 was the first broker to introduce a Bitcoin CFD (2013). The company does not charge commissions on any of its trades. All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500's WebTrader platform. Plus500 Ltd. (PLUS.L) is a publicly traded company on the AIM section of the London Stock Exchange (since 2013) with a GBP 1.01 billion market capitalization and clients in more than 50 countries around the world.
Up to 80.6% of retail investor accounts lose money when trading CFDs with Plus500. You should take into account whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs, regardless of provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
