Plus500 Funding and Withdrawal Review
Plus500, the FTSE 250 listed company on London Stock Exchange, offers multiple global payment methods to their investors.
Moreover, the trading platform also claims to have zero transaction withdrawal and funding fees. Let’s dig into the details for Plus 500 to know whether the promised claims are just the lead magnets or are justified USPs for the platform.
Plus500 funding methods, speed and fees
Before initializing the Forex trading activities, an investor needs to know the details about their currency pairs, features, ease of the platform and whether other authorized portals regulate the same.
Plus 500 has fine details for all their available funding options, fees and speed of the transactions.
| Method | Speed | Fee | |
|---|---|---|---|
| Bank cards | Yes (VISA and MasterCards) | Within a few hours. | 0 Fee |
| Wire transfer | Yes | 2-3 Days | 0 Fee |
| Payment services (PayPal, Skrill, Neteller, iDEAL, Klarna) | PayPal and Skrill | Within a few hours | 0 Fee |
| Crypto (list available, if any) | No | - | - |
Plus 500 has no additional fee charges for their withdrawal and funding transactions on the available bank cards and other options. But conversion charges will be applied when international credit or debit card transactions, transfers and/or non-supported currency transactions.
Plus500 Minimum Deposit And Payment MethodsPlus500 withdrawal methods, speed and fees
Withdrawal through bank transfers are the most common option for most trading platforms. To further help with more ease, Plus 500 provides additional electronic and other options to eliminate any restrictions.
| Method (Yes, no or list available options) | Speed | Fee | |
|---|---|---|---|
| Bank cards | Yes (Credit or Debit Cards) | According to Bank’s processing time. | Free Withdrawals |
| Wire transfer | Yes | 5-7 Business Days | Free Withdrawals |
| Payment services (PayPal, Skrill, Neteller, iDEAL, Klarna) | PayPal and Skrill | 3-7 Business Days | Free Withdrawals |
| Crypto (list available, if any) | Not Supported | Not Supported | Not Supported |
Depositing money back into the brokerage account from the trading platform is free on Plus 500 except in some rare cases including international bank or wire transfers.
What is the Plus500 minimum deposit and withdrawal amount?
Plus 500 has only one trading account option for individual investors and no options for corporate clients. In the accessible trading account option, the minimum deposit limit to start trading is $100.
In terms of withdrawals into a brokerage account, five withdrawals are free every month. Plus 500 will charge $10 on each transaction in case of six or more withdrawals.
Is Plus 500 legit? Is it safe or Scam?What are Plus500 deposit and withdrawal currencies?
Plus 500 offers multiple currency depositing and withdrawal options, including-
USD
EUR
CHF
AUD
GBP
JPY
PLN
CZK
NOK
SGD
SEK
TRY
HUF
One of the significant benefits of providing multiple currency options is the ease of trading activities, depositing and withdrawing funds in the preferred currency. The investor must pay additional transaction conversion fees if the platform does not provide your preferred currency.
Plus500 Fees ReviewHow to deposit money to Plus500?
Plus 500 has easy funding options for traders. Let’s go through the detailed steps to learn more-
Launch the Plus 500 Website on your device.
Plus500
Click on the Login option on the homepage and log in with your registered ID to the platform.
If you do not have an active account, Sign Up to the website first to enjoy the trading profits.
After successfully logging in to the website, go to the fund's tab on the left side of the main menu.
The fund's tab
Find the deposit option in the new window and select the preferred currency option in which you want to deposit the funds.
After completing the payment formalities on the website, fill out all the required fields and click on submit to complete the process.
FAQs
Is Plus500 a legitimate company?
Yes, Plus500 is regulated by CySec and ASIC.
Does Plus500 charge an inactivity fee?
Plus500 charge $10 inactivity fee for a month if you don’t log into your account during 3 month
Is Plus 500 an ideal trading platform for beginners?
Yes, Plus 500 is reviewed as a user-friendly platform by brokers and investors.
What is the average withdrawal time taken by Plus 500?
The trading platform takes around 5-7 days to complete the withdrawal process. Further transaction delays can be reported due to banking or other financial institutions.
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.