Topic: PLus500: Can you lose more money then you have used on your trade?
Tagged: Plus500 Forum
- 23 July 2015 at 12:36 #1913
I’ve been trying the demo account of plus500 and this goes surprisingly well thanks to your guys.
But I still have a question.
Suppose you put 100 pounds in the account and you lose let say 300 punds. Does this means that you only lose 100 pound of 200 pounds extra??
thanks in advance
- This topic was modified 4 years, 4 months ago by 101trading.co.uk.
- 23 July 2015 at 12:44 #1914
Plus 500 automatically close when your position is at loss. When your loss is bigger then the available cash on your account then Plus500 will close your position and you will lose all the money that is on your account and not more. Only what is on your account.
- This reply was modified 4 years, 4 months ago by 101trading.co.uk.
- 14 August 2015 at 17:24 #2076
Thanks for your answers Khanh
- 14 August 2015 at 19:09 #2085AsheKeymaster
Yes, what Khanh said is correct. There are not many CFD online brokers with negative balance protection, but Plus500 is one of the few. This does mean you cannot lose more money than you deposit. Once you equity goes to 0, your position is indeed automatically closed and if this happens, this is called ´Margin call´.
If you have any other questions, please feel free to reply again 🙂
Btw, Google “negative balance protection” for more info regarding this.
- This reply was modified 5 years, 3 months ago by 101trading.co.uk.
- 18 November 2015 at 16:01 #2409
- 29 March 2019 at 04:35 #4624mikebarryParticipant
Losing my funds to Binary Option for years has been the worst thing that has happened to my entire life.
If you’re still planning on trading with PLus500 and other scam brokers then you’re honestly putting yourself on a great risk because you might just end up losing all what you’ve worked for in your entire life.
I just hope you don’t experience the hard times I went through after trading with PLus500. They entirely took all I had and left me with nothing. After investing $47,000 with them, they denied my several attempts to withdraw my funds out, I filed several reports to the security agencies, none of them could help me with it. For years I tried several ways to get my fund out until last month when I found out about Secured Recovery.
All thanks to this expert who quickly came to my aid and my colleague who recommended them to me. I sent a mail to their email address -securedrecovery@protonmail,com describing how the whole event happened and I gave them some details too concerning the transactions too. They helped recover about 80% of my lost funds.
PLus500 almost wrecked me to the last if not for the sake of this Recovery Expert. I will never advice anyone to trade with them and if you have lost any amount too to any broker, a mail to the expert might just help.
- 19 June 2019 at 07:38 #4650tracyneoParticipant
A lot of brokers try to make restitution to their clients.Therefore, if the market moves against your trade enough, it could take your account balance negative. That is why you can always get a short-term loan deal here to protect yourself from short-term capital losses. But if you are a newbie in trading – dont do that.
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