A Guide on Plus500 account Opening, Base Currencies, Minimum Deposit and Much More

Are you planning to open an account with the Plus500 broker and want to get information regarding the minimum deposit, base currencies, and much more. If yes, there is no need to get it on your nerves. Be relaxed! And give a read to this article. It will surely assist you in enhancing your information regarding it. So without wasting any time, let’s get started to read in detail. 

Account Options

If you have decided to go for the Plus500, then it is essential to know all the account options that you can get. It will definitely help in picking the right one. Here we are going to mention all of the Plus500 accounts.

Demo Account

Professional Account

Raw Account

Standard Account

Now it’s depending upon your choice, you can pick anyone whatever you like most. 

Account Base Currencies

Unarguably it is highly crucial to know about the base currencies of the broker with which you are going to start trading. The Plus500 broker offers an extensive range of major currencies. In addition, they also offer some minor currencies.

We can not give you the exact number, but the currencies that are provided by the broker for sure include USD, CHF, GBP, EUR, JPY, PUN, CZK, CAD, SEN, SGD, NOK, and HUF. They set your country’s currency as the base currency of your account, but if you want to change, you can contact the authorities.

How can you open an account?

If you plan to create an account, you need to follow the below-mentioned steps.

1. Firstly you have to do with the process of registration.

2. Then you have to do with the live account profile.

You also have to give answers to some convenient questions. In addition, you have to confirm a selection of some personal information.

3. You have to upload some documentation asked by the broker that includes identity documentation, address verification, valid email address, and phone number as well.

When it comes to identification, you get the following options:

You will give them proof of your residency in order to prove your identity.

You can either provide them with a copy of your passport or ID. Furthermore, you have another option, and that is the utility bill or bank statement.

Once you have done with all of the options mentioned above, your account will be opened.

Plus500 Minimum Deposit

When it comes to the minimum deposit in the case of the Plus500, then it is worth mentioning that it is $100. Moreover, in the case of the ZAR, the minimum deposit is R1600 ZAR.

But keep in mind that if you are going to deposit funds through the Bank Transfer, then the Plus500 minimum deposit is R7700 ZAR or $500. The Plus500 broker does not charge any withdrawal or deposit fees.

 Final Thoughts

Well, that’s all about the Plus500 review. We are hopeful that it will help you in learning about the Plus500. Keep in mind that forex trading is quite challenging, and if you want to make it lucrative, then it is imperative to take every step carefully.

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