What is the Plus500 Account Opening Procedure?

Do you want to trade CFDs but need help determining where to begin? Plus500 allows traders to access a variety of financial markets online. How do I open an account at Plus500? This blog will guide you step by step through the account setup process.

Plus500 is an authorized CFD broker. Other high-level regulators, i.e., also regulate Plus500, CySEC & FCA, are regulated in the UK & ASIC. The trading platform is good, and they offer low fees.

Years Founded: 2008

Plus500 Minimum Deposit – $100 (ZAR 1500)

Maximum Leverage – 1:30

Minimum Deposit – $100

Trading Instruments: CFDs for Forex, commodities, and cryptocurrencies. Shares, ETFs, indexes, etc.

Plus500: The Basics

Plus500, an online CFD brokerage, offers trading on various assets, including Forex, commodities, indices, and cryptocurrency. Israel is the company’s headquarters. It was established in 2008: by the UK Financial Conduct Authority and Cyprus Securities and Exchange Commission license Plus500.

Why open a Plus500 account?

Plus500 offers a user-friendly platform for trading Forex, CFDs, and other financial instruments. We’ll explain how you can open a Plus500 trading account within minutes.

Plus500 is one of the world’s most popular trading platforms, and you can see why. It is accessible in more than 50 languages, and traders around the globe can use it. Top financial institutions have regulated Plus500, so your money will be safe.

It is easy to open a Plus500 Account. Follow these simple steps.

1. Click the “Open an Account” button on Plus500’s website.

2. Please enter your details, including name, email, birth date, country, and residence.

3. Select your account type. Choose between a demo or a live account. We recommend starting with a Demo Account if you are new to trading. This will allow you to get familiar with the platform and learn how it works before you risk any money.

4. Choose your base currency. You will deposit money into your account using this currency. It will also serve as the quoted currency for trades. If you select EUR as your base, all withdrawals and deposits will be in Euros. EUR will also be used in the trade quote currency.

What is the Plus500 Account Opening Process?

You would probably like to have a section of content under the heading “How do I open an account with Plus500?” “:

Plus500, as a provider of CFDs, offers clients the opportunity to trade a variety of financial instruments, including currency pairs, commodities, and indices. Follow these simple steps to start trading at Plus500:

1. Click the “Start Trading” button on the Plus500 site.

2. Click ‘Submit if you have completed the form.’

3. Click the link Plus500 sent you to verify your email.

4. You can pay for your account by bank transfer, credit/debit card, or both.

5. Choose the account type you wish to create – live trading or demo.”

Verifying Your Identity With Plus500

Plus500 will ask you for information to confirm your identity when creating an account. You will be asked to provide your name, birth date, contact information, and address. You may be asked for proof of identity, like a photocopy of your driver’s license or passport.

Plus500 takes your privacy seriously and ensures you are the only one with access to your account. They use the latest security features, such as 2-step verification, encryption, and other advanced technologies, to keep data secure.

After your identity is verified, you can start trading at Plus500. Deposit funds using your credit or debit card via bank transfer or an eWallet. These methods can be used to withdraw funds. Plus500 doesn’t charge fees on deposits or withdrawals.

Choosing a Trading Platform With Plus500

The platform that you choose can have a significant impact on your online trading. Selecting a platform that is both easy to use and meets your trading needs is crucial. Plus500, a well-known online trading platform, is the one we will focus on in this article.

Plus500 offers CFDs on various assets, including Forex, commodities, indices, and cryptocurrencies. Financial Conduct Authority regulates the company and provides negative balance protection. Plus500 has an Android and iOS app, allowing you to trade while on the move.

Visit the Plus500 website and click the “Open Account Button.” Then, you’ll need to enter information about yourself, such as name, email, birth date, and place of residence. After you submit this information, the Plus500 trading platform will be available for you to use.

Making Your First Trade With Plus500

Log in to the Plus500 platform when you’re ready to trade. Select ‘New Order” from the menu when you click the Trade button.

Select the instrument you wish to trade in the dropdown list of the “New Order” window. Enter the size of the trade you wish to make in the Size field, then click the Buy or Sell button.

You can track your open position by clicking the “Portfolio and History” tab. You can see all your open and closed positions and your profits/losses for each trade.

Other Important Information About Using Plus500

Before you create an account, you need to know a couple of other important things. You will have to deposit at least $100 to be able to trade. You must also budget for the small fee that Plus500 charges on every trade.

Plus500 offers a platform for leveraged trading, meaning you can use more funds than you currently have in your account to trade. It can be risky. Be sure you understand all the possible risks before trading.

Regulation & Safety of Funds

You can open a Plus account and be assured that your money is safe. Plus is a licensed broker and must adhere to strict rules.

Plus is a member of the Investor Compensation Fund, which provides protection for customer funds of up to EUR20,000 if Plus goes bankrupt.

Plus500 Fees

The Plus500 fee is very low. There are no annual or monthly fees, and you can open an Account with as little as a few Dollars. Plus500 does not charge commissions on any trades.

Deposits & Withdrawals Options

No Deposit or Withdrawal Charge:  Plus500 does not charge fees for deposits or withdrawals. Your bank or payment gateway might charge you for your Deposit or withdrawal. You will need to check this before making the request.

Plus offers many deposit and withdrawal methods, making starting simple. Click the “Open Account” button and enter the necessary information to open a Plus account. You can deposit and withdraw money using the preferred method once your account has been opened.

Plus500 Customer Support

Plus500 provides excellent customer service, including 24/7 live chat in several languages. On its website, the company has an extensive FAQ section. Plus500’s customer service team is responsive, helpful, and always willing to do the extra to solve your issues.

Plus500 offers a simple way to start investing in the financial markets. Beginners can easily get started with Plus500’s user-friendly platform, which offers many educational resources.

Plus500 offers the industry’s lowest fees, making it an affordable option for anyone looking to invest or trade money. You can easily open an account at Plus500 by following the simple steps above.

FAQ’s

1. What is the process for opening a Plus500 account?

You will be required to submit some documents and personal details to open an account at Plus500. Before you start trading, you will need to fund your account.

2. How do I open a Plus500 account?

Plus500 requires a photocopy of your identification and proof of residence to open an account. Before you start trading, you will need to fund your account.

3. What is the minimum deposit amount to open a Plus500 account?

Before you start trading, your account must have at least EUR100 or £100 GBP (equivalent) deposited.

4. How can I deposit money into my account using different payment methods?

Depositing funds to your account is possible using various payment methods, including credit/debit cards, bank transfers, and electronic wallets.

5. How much do Plus500 trading fees cost?

Plus500 does not charge commissions on transactions. They make their money instead by charging a difference between the ask and bid prices. Spreads vary depending on what you’re trading and the market conditions.