The online brokerage firm Plus500 requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.

The minimum amount required with Plus500 is $100, which can be deposited via various methods, including wire transfer, credit/debit cards and ewallet.

Plus500 generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.

Table of Content

What is the Plus500 minimum deposit?

The Plus500 minimum deposit is $100.

No commissions on deposits and withdrawals are charged by Plus500 to their clients, and they offer a huge range of account base currencies.

The Plus500 minimum deposit features are listed in this table below:

PLUS500 DEPOSIT FEATURES CHARACTERISTICS
Plus500 Retail Account $100 minimum deposit
Plus500 Professional Account $100 minimum deposit
Deposit fees No
Withdrawal fees No
Account base currencies USD, EUR, GBP

Visit Plus500
(77% of retail CFD accounts lose money)

If you want to know more about the account types provided by the broker, you can proceed to read our Plus500 account types guide.plus500 deposit fees

What are the Plus500 account base currencies?

The Plus500 account base currencies include USD, EUR, GBP.

The majority of currencies to correspond with that of your location are available. This availability also extends to the ZAR in South Africa as a base.

There are just a some exceptions to this as in the case of Indonesia. In fact, IDR currency is not accepted as a base currency even though the broker is available and regulated there. They make up for this fact by offering the Singapore Dollar as an alternative.

What are the Plus500 funding and deposit methods?

The Plus500 deposit methods features and fees are listed below.

  • Wire Transfer: Wire transfer deposit is of course available with Plus500. This is one of the standard deposit methods that you would always anticipate being available from any level of broker. In the case of Plus500, no fee is charged from the broker side, but there is the possibility of a fee coming from your bank. This is something that you will need to confirm with them prior to making your deposit. The minimum Plus500 deposit that is acceptable if you are making a wire transfer deposit, is $500. It can be said that when compared with some others in the industry, this is a relatively high minimum deposit, although, with no fees, it can be acceptable if you are a higher volume trader.
  • Credit/Debit Card: Credit or debit card deposits through Plus500 are another prerequisite that we expect to be available, and indeed they are. Both Visa and Mastercard deposits are accepted. Again, there are no fees at all from the Plus500 end when you make a deposit using your credit or debit card. Using this method, the minimum Plus500 deposit is a much more reasonable $100. This is very much in line with what we would consider as an industry standard when talking about minimum deposit amounts.
  • eWallet: Plus500 eWallet deposits are available and popular with traders of today. These deposit methods include both Skrill and Paypal, among the others. There is one particular stipulation here in regard to using Skrill as a Plus500 deposit method. That is this method is only available from your second deposit. It is not available for the first deposit. No such stipulation is in place for Paypal deposits. With both of these eWallet deposit methods, the minimum Plus500 deposit that is acceptable is $100.

This falls in line with some of the more affordable minimum deposits available in the industry. As with other deposit methods, again here, there are no fees levied on these eWallet methods from the broker side. Check the image below to find

plus500 deposit safe

What are the steps to fund your Plus500 account?

Follow these simple steps to open a Plus500 account and proceed to deposit.

1. Create a Plus500 account:

If you are a new trader in the industry or if this is your first time dealing with Plus500, a great place to start is to visit the broker and open a demo account. This is a good opportunity to trade without any risk using virtual funds. If you feel ready, however, you can go ahead and open a live account right away. Plus500 offers only one retail account.

2. Verify the Plus500 account:

Once you have selected your account, it is mandatory to verify it to start trading. For this process, you will need to provide identification, such as an ID card or passport, and a copy of a utility bill or bank statement to verify your residency. These documents can be quickly uploaded online.

3. Fund your Plus500 account:

After verifying your account and completing the initial login, you will be ready to deposit by following the simple steps guided by the broker. You can choose from a number of available deposit methods mentioned above. Remember that Skrill is not available as a method for your first deposit, but will be available from your second deposit.

4. Wait for the Plus500 approval:

Once the deposit is completed, all you have to do is wait for it to be processed. The time it takes depends on the method used. Most methods could take up to one business day, although bank transfers could take 2 to 5 business days.

How does the Plus500 minimum deposit compare with other major brokers?

The comparison between Plus500’s minimum deposit and those of other brokers can be found in this table below:

Warning

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. You should consider whether you can afford to take the high risk of losing your money.

Features PLUS500 ETORO AVATRADE
Minimum Deposit $100 $200 $100
Wire Transfer Yes Yes Yes
Credit Card Yes Yes Yes
PayPal Yes Yes Yes
Deposit Methods 10+ 10 11
Account currencies USD, EUR, GBP USD USD, EUR, GBP, JPY, AUD

Does Plus500 offer deposit bonuses?

Plus500 doesn’t offer deposit bonuses at the moment.


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About The Author

Filippo Ucchino
Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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