How to delete a Plus500 account

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Plus500 is a brokerage company that focuses on CFD trading. Contracts for differences have a high risk of losing money. The most common reason why traders start looking for a step-by-step guide on how to close a Plus500 user account is the lack of desire to trade with a broker due to loss of funds, capital shortage, or a change of plan.

Before requesting account closure, it is important to close any open positions and withdraw the remaining account balance. This guide explains how to close a Plus500 account step by step and outlines the key points to consider before submitting an account closure request.

Plus500 account types compared

Plus500 Review

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81% of retail CFD accounts lose money.

Plus500 has only one type of live account that suits both novice traders and professionals.

The broker also offers a demo account that allows you to test trading conditions risk-free.

Account Type	Description
Real	The account is designed for traders with any level of experience and allows users to trade various assets in the real market.

To understand how the Plus500.com broker suits you in terms of trading conditions, we recommend using a virtual account, which has the exact sameconditions as a real trading account.

Plus500 is a company focused on working with traders who prefer active trading and do not use automated systems in their strategies.

How to withdraw funds from Plus500 before deleting the account?

Before you delete your Plus500 user account, you need to withdraw any remaining funds from the balance. The broker offers a variety of withdrawal options (bank transfers, bank cards, or electronic wallets). To request a withdrawal, you need to take the following steps:

go to the broker's official website and log in to your account;
click on the "Menu" in the top left corner;
select "Funds Management";
click "Withdraw";
decide on a payment option;
click "Open a Withdrawal";

Following the rules, the withdrawal processing may take up to 5-7 business days.

Plus500 user account closing instructions

If you decide to delete your Plus500 user account, follow the steps below:

go to Plus500 website;
enter your name and the email you specified when registering on the Plus500 platform;
in the appropriate section, specify "Request to close the Plus500 user account";
in the comments field, write that you are asking to delete your account and all information about it, and describe the reason for this decision;
click "Send query".

As you can see, closing a user account on the Plus500 platform is not difficult; you just need to follow the step-by-step guide.

Make sure you no longer need the account before requesting closure

Before requesting the permanent closure of a Plus500 account, verify that all open positions have been closed, pending withdrawal requests have been completed, and any remaining funds have been transferred out. Once an account is closed, restoring access may not always be possible, and reopening an account could require a new registration and verification process.

If you are leaving Plus500 only because you plan to take a break from trading, consider whether closing the account is necessary. In some cases, maintaining an inactive account may be more convenient than creating a new one in the future, provided you understand any applicable inactivity fees and account policies.

Conclusion

Closing a Plus500 account is a straightforward process, but it should only be done after all trading activity has been completed and the account balance has been withdrawn. Submitting a closure request through the broker's support channels and providing the necessary account information helps ensure the process is completed efficiently.

Before requesting account deletion, review Plus500's current account closure policy and confirm that there are no outstanding positions, pending transactions, or verification requirements. Taking these steps can help avoid unnecessary delays and ensure a smooth account closure process.

FAQs

How do I delete a Plus500 user account?

Plus500 has the option of closing a user account. This can be done by following simple instructions. You can submit a query to close a user account by e-mail.

How to delete a user account by email?

To delete an account, you need to submit a to support@plus500.com.

Can I reopen my Plus500 account after closing it?

In some cases, you may need to create a new account and complete the verification process again. The available options depend on Plus500's current account management policies, so it is advisable to contact customer support before requesting permanent account closure.

What should I do before archiving/closing a user account?

Before closing the user account on Plus500, finish working with orders and withdraw all funds in your account.

Team that worked on the article

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.

Learn about our editorial policies

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK.

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