Plus500 – Minimum Deposit for trading Contracts for Difference
Minimum Plus500 Deposit Australia
|Deposit Type||Minimum Deposit (AUD)|
Plus 500 is a well known CFD trading provider, with many years experience in the Australian Market. If you are looking to begin trading CFDs with Plus 500, you’ll first need to transfer at least the minimum deposit amount to your account.
One big bonus is that Plus 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 utilised for trading CFDs (Contracts for Difference), unless your own bank deducts something for the transfer.
Plus 500 offers many different underlying asset markets to trade CFDs – for more information on this check out my article here. An opening deposit is required by Plus500 to begin trading. One thing you can do to maximise your trading skills is to use a demo account, where you can follow the market using Plus 500’s platform without risking any real money. I have more information on the Plus500 Demo Account here.
How do I deposit with Plus 500?
Plus 500 accepts Bank transfer, Credit/Debit Card, and Electronic wallets (Paypal). 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 should not be too difficult to navigate.
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 provider 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, you simply enter in your details, amount and your usual Paypal 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 provider account.
What is the difference between demo and real money on Plus500?
Apart from the obvious fact that one is not real, there is little difference between a demo and real account in Plus500. Be aware that trading psychology will vary greatly between the accounts, no matter how disciplined a trader you may be. Having real money on the line can test even the most experienced trader’s temperament!
Is Plus500 trading free?
Plus500 does not have many fees, and they are upfront about those they do charge. Plus 500’s compensation is based on the difference between Bid/Ask spreads.
So basically it’s nice and easy to deposit to Plus 500. With Plus 500’s minimum deposit at $200 AUD depending on your method, it’s well within reach of most potential investors and speculators.
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.
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. Consider if you fall within our Target Market Distribution. Please refer to the Disclosure documents available on the website.