Plus500 is a UK-based CFD broker regulated by the Financial Conduct Authority (FCA), CYSEC and the ASIC in Australia. In addition to Contracts for Difference (CFD), the broker also offers trading opportunities in Indices, Commodities, Exchange Traded Fund (ETF) and Stocks. Plus500 offers a clean and intuitive trading platform that makes trading fuss-free.
How to Open a Plus500 Account
This article will show you how to open a Plus500 trading account in 5 easy steps.
Step 1: Download the trading software
To open a trading account with Plus500, we suggest to download the proprietary trading software, Plus500TM on the official website. Once you are on the home page, click on the button that allows you to download the software. The download process takes only a few minutes to be complete. You can choose also to register on Plus500 web-based platform.
Step 2: Create a real money account
Once the download process is complete, you will be directed to a page that gives you the option to create a Real account or to switch to Demo mode. The demo account is unlimited and allows you to become familiar with the trading platform but you will not make real profits that can be withdrawn.
To earn real money, you need to trade on the real money account. Click on the Real money option and fill in your email address and chosen password. Then, click on ‘Create Account.’
Step 3: Verify your phone number
Now that you have created your new account, Plus500 requires you to verify your phone number. This is serves to prove that you are who you say you are; it is a requirement by the FCA agency in the UK. The best part is that Plus500 will reward you with £20 or €25 for verifying your phone number (T&Cs apply).
To verify, simply click on the ‘Verify phone number’ on the next page after creating your account.
Step 4: Fund your account
Before you can start to trade on Plus500, you need to deposit funds into your account. On the lower left hand corner of the website’s interface, click on ‘Funds Management’ and then select a deposit method.
You can deposit funds into your account using different, safe and convenience methods. These include wire transfer, Visa/MasterCard, Skrill and PayPal.
Plus500 offers just one type of standard account and all traders are required to make a minimum deposit of £/€/$100. Even without depositing funds into your account, you can sign-up to receive a $25 bonus (T&Cs apply), which will be added to your account once you have attained a certain number of trader points.
The funds you deposit with Plus500 are separated from the broker’s funds to ensure that customers’ deposits are safe in the unlikely event that the broker faces financial difficulties. Funds are also protected by the Financial Services Compensation Scheme.
Step 5: Start Trading
Once you deposit funds into your account, you are now ready to start trading. You will be directed to the intuitive trading platform where you can choose to trade CDFs, ETFs, indices, stocks and commodities.
Advantages of Opening a Trading Account with Plus500
• Regulated by the FCA, CYSEC and ASIC
• Low minimum account opening deposit
• Clean, user-friendly platform
• Diverse and safe deposit methods
• Easy and convenient withdrawal of funds
• Extensive number of tradable assets
• Low fixed spreads
• No deposit bonus (T&Cs apply)
• Phone verification bonus
• Unlimited demo account