Funding your Plus500 account is a straightforward process, but understanding the available payment methods, minimum deposit requirements, processing times, and associated fees is essential before you start trading. This guide walks you through everything you need to know about Plus500 deposits, from step-by-step instructions to the risks involved with leveraged forex and CFD trading.
Making a deposit on Plus500 takes only a few minutes once your account is verified. The platform provides a clear, guided process through its web trader and mobile app.
For bank transfers, you will need to request the bank account details by selecting “Bank Transfer” and clicking “Send Email” — the details will be sent to your registered email address.
Important: Prepaid cards and credit cards are not accepted for Plus500 deposits. Only Visa and Mastercard debit cards are supported.
Plus500 supports several funding methods, each with its own minimum deposit requirement. The table below summarises the key details.
| Payment Method | Minimum Deposit | Typical Processing Time | Plus500 Fee |
|---|---|---|---|
| Debit Card (Visa / Mastercard) | $75 per transaction | Instant | $0 |
| Bank Transfer (Wire Transfer) | $200 per transaction | 1–5 business days | $0 |
| PayPal / Skrill (E-Wallets) | $100 (typical) | Instant to minutes | $0 |
The standard minimum deposit to open a live trading account is $100 (or equivalent in EUR, GBP, AUD), though the exact amount may vary by region and payment method. Some regional entities may support base currencies such as ZAR for South African clients.
One of the most attractive features of Plus500 is its fee structure for deposits and withdrawals.
Plus500 does not charge any internal fees for deposits or withdrawals. Whether you fund your account via debit card, bank transfer, or an e-wallet, you will not pay a fee to Plus500 for the transaction.
While Plus500 does not charge deposit fees, your bank, card provider, or payment service may apply processing charges or currency conversion fees, especially if you deposit in a currency different from your account currency.
Additionally, Plus500 applies a Currency Conversion Fee of up to 0.7% of the trade’s realised net profit and loss for all trades on instruments denominated in a currency different from your account currency. This fee is reflected in real time into the unrealised net profit and loss of an open position.
Tip: To minimise currency conversion costs, consider opening your Plus500 account in the currency that matches your primary funding source and trading instruments.
Understanding how long it takes for funds to arrive in your trading account — and to be available for withdrawal — is critical for managing your trading capital.
Withdrawal requests are generally processed within 1–3 business days after authorisation. However, the total time for funds to reach your bank or e-wallet can be longer:
Note: When you deposit funds into your Plus500 account, the settlement duration can take up to three business days. During that time, you are able to trade with these funds, but you cannot yet withdraw them.
Plus500 offers a single live trading account for most retail clients, but there are important distinctions worth understanding.
The standard live account requires a minimum deposit of $100 (or equivalent). There are no tiered account plans; all retail traders access the same platform features, spreads, and leverage conditions.
Plus500 provides a free, unlimited demo account funded with virtual money. This is an excellent way to practise trading, test strategies, and familiarise yourself with the platform before depositing real funds.
In some jurisdictions, traders who meet certain criteria may apply for professional client status. This can result in higher leverage and fewer protections, so it is important to understand the implications before making such a request.
Depositing funds into a Plus500 account is only the first step. Trading forex and other CFDs involves significant risk, and it is essential to understand these risks before you start.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A significant percentage 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.
Leverage allows you to control a larger position with a smaller amount of capital. However, it amplifies both potential profits and potential losses. A small price movement against your position can result in substantial losses that exceed your initial deposit.
Plus500 offers negative balance protection, which limits the amount you can lose to the funds available in your account (including unrealised profits and losses from open positions). The “Margin Call” feature closes your positions when your account runs out of funds, preventing a negative balance.
Example scenario: Sarah deposits $500 into her Plus500 account and opens a leveraged forex position with 1:30 leverage. A 3% adverse movement in the currency pair could result in a loss of $450 — nearly her entire deposit. While leverage can amplify profits, it equally magnifies losses. Sarah uses the platform's stop-loss tools to manage her risk.
Key takeaway: Plus500 offers a low-cost, straightforward deposit process with no internal fees. However, the real cost of trading comes from spreads, overnight funding, currency conversion, and the inherent risks of leveraged CFDs. Always verify current fees and deposit options on the official Plus500 website or through your account dashboard, as regional availability may change.
| Factor | Debit Card | Bank Transfer | E-Wallet |
|---|---|---|---|
| Speed | Instant | 1–5 business days | Instant |
| Minimum Deposit | $75 | $200 | $100 |
| Plus500 Fee | $0 | $0 | $0 |
| Best For | Quick, smaller deposits | Larger transfers | Fast, convenient funding |