If you’re interested in trading with Plus500, one of the most important things to know is the Plus500 Minimum Deposit. It’s good to know how much you need to invest so you can start trading.
Plus500 is a leading broker and their trading platform is used by millions of people. They have many assets available to trade in including Forex, cryptocurrencies, indexes, CFDs and stocks.
However if you wish to start trading with the broker. you’ll need to fund first to your account. Each broker has a minimum deposit amount that you need to meet.
Let’s take a look now at the Plus500 minimum deposit and how you can add funds to your account.
Plus500 Minimum Deposit Amount & Fees
One important thing to know is that the broker doesn’t charge a fee! This is a good because you won’t have to deal with any extra costs when depositing money.
The only thing you should be aware of is any extra costs that your bank may charge if you send the money with them. For example if you make a bank transfer, if your provider adds any charges to that.
The minimum deposit amount for Plus500 is just $100. So you’ll need to spend $100 to start trading. You can also make it in £/GBP or €/EUR.
As we’ve just mentioned, one important thing to remember is that the broker uses the 3 major currencies of £/GBP, $/USD and €/EUR on their platform. So you can also deposit the money in one of these currencies. For example if you live in Europe and your account is set to trade in €/EURO, you can also make the transaction in €100 instead of US Dollars.
If you want to start using another currency which the broker doesn’t support. You’ll be charged a currency conversion fee by Plus500 to convert it.
In order to make the minimum deposit, the broker accepts the following methods:
- Bank/Wire Transfer – Visa or MasterCard
- Credit/Debit Card
- Electronic/ Online Wallets – Skrill or PayPal only
All the above can be used, just remember thought that the transfer time can vary depending on which one you use. For example a bank/wire transfer can take from 2 to 3 days till the money shows in your account.
However, for a credit/debit card or electronic wallet transfer the money should be showing in your account instantly. It’s normally very fast.
Making the Minimum Deposit with Plus500
Making the deposit can be done directly from your trading account. Once you have logged into your account, just click on the ‘Menu‘ area which is towards the left side of the screen. From there the ‘Funds Management‘ menu tab will show, here you need to click on the ‘Deposit‘ option.
The deposit page will now open and from here you can select the payment method you wish to use. You can also select the amount you want to add. Once finished, confirm the payment by clicking on the ‘Make a Deposit‘ button.
Is Plus500 Secure?
Plus 500 is a regulated broker which means that they are safe and secure to trade with. For instance your payment information when making the minimum deposit will always be protected.
They are licenced by many financial authorities. These authorities check that they follow legal rules put in place to protect traders. They are licenced by CySEC and the Financial Conduct Authority in Europe and the UK.
They’re also regulated by many more worldwide. For example in South Africa Plus500 has an FSP licence, and in Australia the broker is licenced by ASIC.
You can be certain that this broker is safe and not a scam.
To learn more about the broker please read the full review: https://tradingonlineguide.com/plus500-review/