In order to open a new position, you must have a certain amount of funds in your trading account (your account’s equity must exceed the initial margin level requirement). To view the initial margin requirement for a specific instrument, go to the main screen of the Plus500 trading platform, select the financial instrument and click on the “Details” link next to it.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.