Plus500 – Minimum Deposit for trading Contracts for Difference
Minimum Plus500 Deposit Australia
|Deposit Type||Minimum Deposit (AUD)|
With Plus 500, you’ll first need to transfer this minimum amount to your account to start trading. One big bonus is thatPlus 500 does not deduct fees from any deposit. As such when you make your Plus500 minimum deposit you’ll get the full amount on account to be utilized for trading CFDs (Contracts for Difference), unless your own back deducts something for the transfer.
As you would expect Plus500 is a successful business, making significant products offering many different trading options. One obvious reason for requiring an opening deposit from you is to help with their own profitability and to help you prove to them that you have at least some liquidity behind you to make opening an account for you worthwhile.
How do I deposit with Plus 500?
Plus 500 accepts Bank transfer, Credit/Debit Card, and Electronic wallets (Paypal and Skrill). As mentioned earlier, Plus 500 does not charge a fee for a deposit. Bank transfers can take two to three days, whereas Credit/Debit card and electronic wallets are normally instant.
Looking at the Plus500 interface for depositing funds, it’s nice and easy for credit/debit card and paypal. Bank Transfer is a little harder depending on where you reside, but again relatively easy.
Does Plus500 accept cryptocurrency for deposits?
No, cryptocurrency is not currently accepted by Plus500 as a deposit method. However, it does give you the option to trade on price changes in cryptocurrency using CFDs.
What currencies can I deposit to Plus500?
Plus500 is at the top of the market with as many as 16 base currencies that you can deposit funds in. This is great because it means it’s unlikely that you’ll have to convert the currency you are depositing in as it is already supported. For Australians, this is great because AUD is supported.
Is it easy to make a deposit with Plus 500?
It’s very easy once you have opened your broker account.
For Credit/Debit Card: Just like a normal online purchase, you enter your card details. For Plus 500, the card must be in your name. It’s a fairly easy and painless way to deposit funds to your Plus 500 account.
For Electronic Wallet: Very similar to any other online purchase using Paypal or Skrill, you simply enter in your details, amount and your usual Paypal/Skrill details and you’re done.
Bank Transfer: This gets a bit more tricky but is still relatively simple. You add your bank account to Plus500 using the deposit interface. Like Credit and Debit cards, the bank account must be in your name. You’ll get a reference number from Plus500 which you then enter as a description in your bank transfer. This method takes longer to reach your Plus 500 broker account.
So basically it’s nice and easy to deposit to Plus 500. With Plus 500’s minimum deposit at $200 or $500 AUD depending on your method, it’s well within reach of most potential investors and speculators.
Plus 500 warning – all CFD’s carry the risk of losing some, all, or more than all of your capital. Starting with $200 may be a good way to learn CFD trading but you are better off doing your learning with a demo account, which Plus500 offers. As such, personally I would lean towards depositing more than the minimum to make sure you don’t get blown out of the water in your first handful of trades.
Plus500AU Pty Ltd (ACN 153301681), licensed by:
ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.