Plus500 login
With so many different ways to trade and invest in option CFDs, it can be difficult to know which one is right for you. There are hundreds of companies that offer trading and investing services, but not all of them are reputable or trustworthy. It’s important to do your research before signing up for a new account with an investment firm. However, if you’re looking for a reliable way to get started investing in the option CFDs, consider Plus500.
Signing up for a brokerage account can seem intimidating at first. But once you understand what is required, it’s actually quite easy. This guide will walk you step-by-step through the process of signing up on the Plus500 Members Area. Read on to learn more.
Logging in to the Official Site Plus500
As a commission-free broker, Plus500 offers traders dynamic spreads and no minimums, dependent on market conditions. CFDs on crude oil, some indexes, and select equity CFDs have highly competitive trading fees, whereas others are average. With a Plus500 account, you will have access to a large number of trading assets, a choice of 31 languages for the site interface, and the option to trade from your smartphone.
Authorization on the Official Plus500 Website to Log in to the Members Area
Ensure that the Plus500 brokerage account you choose is the right one for you before submitting any personal information. The registration page will allow you to make your choice, and then you can proceed to the next step.
Next, fill out the basic information questionnaire. You must share your name, birth date, address, nationality, occupation, and other personal information. Your choice of broker will determine the complexity of this step. A few security questions and questions about your trading experience will also be required to ensure you are legally allowed to trade.
During this step, you will be asked to scan and upload your proof of identity to the Plus500 website. Bank statements, passports, and ID cards are acceptable; requirements vary by broker. Your documents may need to be mailed to some online brokers. The process of opening an account can be slowed down as a result.
Following your basic registration and identification, you will be able to review the information you provided, as well as sign a virtual contract after accepting the Plus500’s terms and conditions.
You can start trading once your account has been confirmed and opened. Transfer any amount of money to your Plus500 account, even if the minimum deposit isn't required.
Authorization on the Official Plus500 Website to Log in to the Members Area
Plus500 must verify the identity and residential address of a client before they can trade with the broker for the first time. Certain jurisdictions allow you to verify your identity electronically, while others require you to provide documentation. Moreover, you may be required to provide proof of your residence and information about your preferred payment method during the due diligence process.
In order to verify your identity, they may require the following:
Photo ID issued by the government
Verification of residence
Funds verification
Changing the Password to the Members Area at Plus500
You can change your password by going to the "Menu". After that, click "Settings", "Security Settings", and "Change My Password". Change your password by selecting "Edit", entering your old and new passwords, and clicking "Change Password".
Restoring Access From the Members Area at the Plus500 Website
There are four ways to access the Plus500 Platform: the Web-Trader, the iPhone/iPad app, the Android app, and the Windows app.
How to Register Your Members Area on the Plus500 Website
Opening the Demo Account From Within the Plus500 Members Area
Click on "Demo Mode" in the "Select Account Mode" window during registration to open a Demo account. Click on "Switch to Demo Mode" in the main platform screen or from the app's menu to switch back to Demo mode from Real Money mode.
Opening a Real Trading Account in the Plus500 Members Area
Changing from Demo Mode to Real Money is as easy as clicking on the button at the bottom of your screen. If you click Real Money, margin requirements will apply, and your order will be processed accordingly.
Overview of the Plus500 Members Area
| Plus500 | Forex4you | Exness | |
|---|---|---|---|
| Total number of sections | 22 | 28 | 23 |
| Time it takes to open a new account | Up to 5 minutes at the moment of registration, immediately after registration | Up to 5 minutes at the moment of registration, immediately after registration | Up to 5 minutes at the moment of registration, immediately after registration |
| Time it takes to complete the verification process | 2-3 days with all documents uploaded in proper quality on the first try | 2-3 days with all documents uploaded in proper quality on the first try | 2-3 days with all documents uploaded in proper quality on the first try |
| Trading terminals download center | TradeSniper | MT4, proprietary platform | МТ4, МТ5 |
| Deposits and withdrawals | 4 variants, instant withdrawal for electronic systems | 4 variants, instant withdrawal for electronic systems | 8 variants, instant withdrawal for electronic systems |
| Ability to track financial transactions | Yes | Yes | Yes |
| Access to financial archive | Yes | Yes | Yes |
| Training and Analysis section | Analytics | Analytics | Analytics |
| Communication with the support team | Whatsapp, email | Online chat, social media, email, phones | Online chat, messengers, social networks, email, phones |
Advantages and Disadvantages of the Plus500 Members Area
👍 Pros:
•More than 2,800 CFDs available
• A functional and easy-to-use platform
• FCA-regulated (UK)
• Stop loss orders that are guaranteed
• Protection from negative balances
👎 Cons:
•Lack of customer support
• U.S. clients are not accepted
• Platforms and tools for trading cannot be combined
FAQs
Is Plus500 beginner friendly?
No. Since CFD trading is complex and risky, Plus500 is not the best place for beginners.
Can I withdraw all my money from Plus500?
In addition to bank transfers, Plus500 also offers debit and credit card withdrawals. Electronic wallets are also available for withdrawal.
How much does it cost to start Plus500?
Plus500's minimum deposit depends on your deposit method. Bank transfers cost $500; credit/debit cards are $100; and electronic wallets are $100.
How long does it take to withdraw money from Plus500?
Within 5-7 business days of the authorization of the withdrawal, you should receive the funds in your bank account. Banking institutions and jurisdictions can sometimes delay withdrawals from a bank account.
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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.