Frequently Asked Questions


Plus500 Fees and Charges Explained in Detail

 

Introduction

Financial marketing has always gained the attention of beginner as well as professional traders all around the globe due to various reasons. The choice of trading multiple assets on a platform that suits the preference of traders has made the process of trading any financial instrument, an art. CFDs trading also serves as a popular gateway for investors to join the bandwagon of financial markets.

 

77% 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.

 
Plus500
Plus500 Website

Overview:

  • Minimum Deposit: $100
  • Maximum Leverage: 1:30 (T&Cs apply)
  • Tradable Assets: over 2000
  • Regulated by: Plus500AU Pty Ltd. is Authorised Financial Service Provider (#47546) in South Africa
  • Demo Account: Yes

Note: Your capital is at risk

 

Plus500 is a functionally perfect trading platform that offers CFDs to those who are interested in leveraged derivative trading. Plus500 platform enables you to trade price movements of any of your preferred financial instrumentsinstead of having to own them in reality. On Plus500, one can find various types of assets to choose from and trade its CFD. The parent company of Plus500 is Plus500AU Pty Ltd., a licensed and authorized financial services provider. On the Plus500 trading platform traders are offered a plethora of financial products for long or short-term trading like;

  1. Equities
  2. Stocks
  3. Forex
  4. Commodities
  5. Exchange-traded funds
  6. Cryptocurrencies
  7. Indices

 

 

Plus500 Fees Explained

It is not an unusual sight to see traders getting confused about the charges incurred when they trade contracts for differencesusing a specialised trading platform. The truth is that these charges/fees are a bit complicated to be understood by inexperienced individuals. The main reason behind its complexity is that fees for CFD trading vary from broker to broker. Now, if you consider the different types of financial assets for which CFD trading is possible then these variations get multiplied.

Plus500 trading platform due to being involved in a legitimate business does levy a few charges/fees on its users. To understand how a specialised CFD trading platform like Plus500 charges a fee on each of its users then you need to be aware of three basic things which are;

  1. Spread

Unlike most CFD brokers, Plus500 makes money through market bid spreads which depend on the price differences ofthe assets that users buy or sell. Once you have opened an account with Plus500, you will find more details about the spread charge.

 

  1. Commission

The reason why Plus500 is considered the most successful CFD trading platform is that it comes with a no commissions promise to make it a highly sought-after CFD broker for both new as well as expert traders.

 

  1. Overnight fee

CFD traders are used to paying the overnight fee which is nothing but a simple daily interest charge applied on any position held overnight. Only a predetermined fraction of the value of the underlying asset has to be paid as an overnight charge.

 

 

Plus500 Trading Fees Details

Considering all the user-friendly features offered by the Plus500 platform, it is a convenient, cost-efficient, and legally safe way to trade leveraged CFDs. There are very few trustworthy alternatives where a trader can get access to more than 2500 tradable financial assets as leveraged CFDs, other than the Plus500 online CFD trading platform. Since its launch in the year 2008, it has provided all kinds of traders around the globe with a state-of-the-art platform equipped with trademark functionalities bringing unmatched performance results.

If you are trading leveraged CFDs using Plus500 then you should be aware of its trading fee which is paid while you are actively participating in the financial markets.

Minimum Deposit   $100
 Withdrawal Fees  No
 CFD Commission Fees  No
 Deposit Fees  No
 Inactivity Fees  Yes

 

 

Plus500 Trading Fees

As depicted in the above table, there are no CFD commission fees to be paid by a trader on the Plus500 trading platform however, there are some associated fees such as spreads, inactivity, overnight and currency conversion fees.

 

Plus500 non-trading fees

People interested in leveraged CFD trading visit Plus500 to begin their journey as a trader of CFDs without having to spend a fortune. Plus500 platform is complete with an easy-to-understand interface that guides you through each of the steps needed to create an account and start trading CFDs of various financial instruments including popular stocks like Facebook, Tesla, and Amazon without any hassles and hidden charges.

Plus500 has a clear policy regarding how much the broker can charge any particular trader. Most of the time, these fees are related to trading assets or deposit funds. There are some non-trading charges which are various brokerage fees and but no such charges implemented by Plus500.

 

Plus500 Deposit Fees

Unlike other online trading platforms that have a complex fee system enabled to scam traders out of money, Plus500 only has certain rules and optimum fees that all traders need to pay to make the most out of its platform. New traders make themistake of not checking the fee details of a certain broker before signing up for an account and paying the minimum deposit.

A deposit fee does not exist for Plus500 platform users and they can simply use their debit or credit card to deposit funds for trading into their verified Plus500 account. Since there are no hassles of deposit fees, you can decide on a payment method accepted by Plus500 and fund your trading account to start trading. Plus500 accepts several user-preferred payment methods for payments such as;

  1. Visa
  2. Mastercard
  3. PayPal
  4. Skrill
  5. Bank Transfers
  6. MyBank etc

 

 

Plus500 Withdrawal Fees

Every broker has a specific withdrawal fee but usually, there are none on the Plus500 platform. All that a trader needs to know is some specific details regarding how to process withdrawals from Plus500. To explain further, if you are a verified Plus500 account holder who wishes to withdraw funds through bank transfer then bank processing charges would be levied on the broker.

Similarly, for all kinds of different payment methods which Plus500 supports, there are varying transfer processing fees, processing time, and currency conversion fee that must be paid. Plus500 allows each trader to withdraw 5 times a month for free. But in case of extending the limit, some suggest that an additional $10 is charged per withdrawal.

 

Plus500 Inactivity Fees

Information regarding the platform and its fee structure areavailable on the Plus500 website for all to see. The minimum deposit is set at $100 which might at first seem like a considerable amount to any new trader. But it is sufficient if you consider the technically advanced trading features of the Plus500 platform. There is an inactivity fee levied on traders who have not logged in or utilised their pre-owned account on the trading platform for 3 or more months.

It is important to note that online brokers and especially the ones who are license holders, have to pay certain brokerage and service fees which is why an inactive account that has not participated in trading of any kind is charged the inactivity fee of $10 per month.

 

Plus500 Commission Fees

Commission charges can be seen as service chargesimplemented by a broker for facilitating the buy or sell orders of any particular financial assets through the account of a trader. Some brokers have the policy to make the most of their profit through commission fees on their client’s transactions.

One of the biggest advantages of trading leveraged CFDs on Plus500 is that they advertise having zero commission implemented on their platform. This means that whichever CFD instruments that a trader chooses for trading, Plus500 does not charge commissions based on that for fulfilling a market order.

 

Plus500 Fees Compare (IC MARKETS, CM Trading)

Financial markets are brimming with opportunities allowing people to make a fortune if they have their wits by their side and a reliable broker to fulfil various market orders without slipping. There are IC Markets, and CM Trading, Africa´s most popular broker. All of these alternative platforms differ from Plus500 in terms of

  1. Functionality
  2. Offering
  3. Technology and
  4. Fees Implementation

 

Following is a comparison of fees implementation of Plus500 against the aforementioned brokers to understand which one is better

  Plus500 IC Markets CM Trading
Withdrawal Fees No No No
Min Deposit 100 200 250
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission No Yes No
Fees      

 

Note: Your capital is at risk

 

 

Frequently Asked Questions

1. How long does it take to withdraw the amount from Plus500?

One of the advanced features of Plus500 is the time frame for processing withdrawal which is initiated by a verified account holder. The withdrawal usually takesanywhere between 1 to 3 business days since it requires several security checks before processing.

2. What is the minimum deposit for Plus500?

The minimum deposit amount for traders on Plus500 is $100 to begin CFD trading without commissions.

3. How long do Plus500 withdrawals take?

Normally, withdrawals on Plus500 days a few days to process after completing various security checks.

4. Does Plus500 offer negative balance protection?

Plus500 has many risk management features that include negative balance protection.

 

 

For more please read Plus500 Broker Review

Note: Your capital is at risk

 

 

Risk Warning: Trading may not be suitable for everyone, so please ensure that you fully understand the risks involved. Especially trading leveraged products such as Forex and CFDs carry a high degree of risk to your capital and can result in the loss of your entire capital. Only invest with money you can afford to lose.