How to delete a Plus500 account
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.
Also, traders may not be satisfied with the absence of particular trading assets (for example, specific trading pairs), delays in withdrawing funds, etc. Traders Union experts have prepared a step-by-step guide on how to delete a Plus500 user account and save your funds.
Plus500 account types compared
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.
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.
What are the reasons for deleting a user account on Plus500?
The reasons may be different and could range from a loss of funds during the trading process on the platform to a lack of trading assets (for example, exclusive currency pairs).
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. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
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. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.