The minimum deposit amount helps you decide which broker suits your needs best. Plus500 has a minimum deposit fee of $100. The deposit fee varies depending on the funding option and accounts you opt for.
This article discusses the specifics of minimum deposit amounts at Plus500.
Fees & Funding Options
The Plus500 minimum deposit varies depending on the deposit method you opt for. Funding via credit/debit cards or electronic wallets comes with a $100 fee. If you choose wire transfers, the minimum deposit increases to $500.
The standard transfer time depends on the funding options. Plus500 allows you to choose between online wallets, credit/debit cards, and wire transfers. Wire transfers are the fastest, followed closely by online wallets.
|• Credit/Debit card deposit||None|
|• No deposit fee|
|• Several account base currencies|
All trading accounts come with a base currency. The number of base currencies at Plus500 is 16. This is important since you’ll have to pay a currency conversion fee if you deposit in a different currency than the base currency of your trading account.
|Number of base currencies||16||4||4|
Plus500 supports major currencies and some less common ones. The best way to save money on the conversion fee is to use a multi-currency digital bank account.
Sending The Minimum Deposit
The general process of funding your Plus500 account is simple. You have to open a brokerage account and verify your information. Afterward, sign in to your account and choose one of the deposit methods. Check your transaction and start the funding process. Usually, you’ll receive an email confirmation, and your deposit will show in your account in a couple of days.
Plus500 has a smooth minimum deposit process. However, beginners might find it challenging since not all steps are straightforward. Learn more about the funding process at Plus500 from our in-depth reviews.
Plus500 compared to other brokers:
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All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.