Page Summary
Plus500 is a leading online broker with impressive account opening experience. The service is entirely online and user-friendly. The average time needed for account opening is 24 hours.
Broker Comparison
| Plus500 | ActivTrades | Spreadex | |
|---|---|---|---|
| Rating | 5.0 stars | 5.0 stars | 4.4 stars |
| Account opening time | 1 day | 1 day | 1-3 days |
This article discusses the Plus500 account opening characteristics.
Pros
- Number of base currencies
- User-friendly
- Fast
Cons
- None
Availability
The first thing to consider when choosing an online broker is if Plus500 is available in your country. Plus500 is available in 15 countries, including Australia, Germany, UAE, and the UK.
Available in…
| Country | Availability |
|---|---|
| Australia | Yes |
| Canada | No |
| China | No |
| Germany | Yes |
| Hong Kong | No |
| India | No |
| Ireland | Yes |
| Japan | No |
| Malaysia | Yes |
| Netherlands | Yes |
| Singapore | Yes |
| South Africa | Yes |
| United Arab Emirates | Yes |
| United Kingdom | Yes |
| United States | No |
Requirements
Plus500 has specific account opening requirements. To create an account with this broker, you’ll have to submit proof of identity and residency. Plus500 has a fully digital account opening process done on the company’s website.
As soon as the registration is complete, you’ll have to transfer a minimum deposit to your new account. The minimum deposit fee at Plus500 is $100. Remember that the initial fee varies depending on the funding method you opt for. Read our in-depth review to learn about minimum deposit fees at Plus500.
Minimum Deposit Comparison
| Plus500 | ActivTrades | Spreadex | |
|---|---|---|---|
| Minimum deposit | $100 | $500 | $0 |
Accounts
A professional online broker offers access to many account tiers. Plus500 has accounts for different levels of experience and trading skills. It lets you trade in 16 base currencies. Verify fees and account availability at Plus500 in our in-depth reviews.
Base Currencies Comparison
| Plus500 | ActivTrades | Spreadex | |
|---|---|---|---|
| Base currencies | 16 | 4 | 4 |
Opening accounts
The steps for opening an account at Plus500 are straightforward. You have to select a brokerage account, submit your personal information, and upload proof of identity. After you go through these standard steps, you will review the information and sign a virtual contract. As soon as your account is confirmed, you will begin transferring funds. Once the funds complete the transfer, you’ll start trading.
Final Word
Plus500 is a top choice for online trading because of its smooth account opening process. It offers a rapid service, is SSL-secured and a trusted broker. Read our in-depth reviews to learn more about Plus500.
Disclaimer: Forex and CFDs are complex leverage-based products, which carry a high level of risk. These complex products are over-the-counter derivatives and are not suitable for everyone. You must consider whether you understand how these products work and whether you can afford to take the risk of losing your capital. Investing in these products does not provide any entitlement, right or obligation to the underlying financial instrument. The profit and loss are determined by the price movement of the underlying and can expose you to the high risk of losing your capital rapidly. 82% of retail investor accounts lose money when trading CFDs with this provider.
Plus500 compared to other brokers:
Plus500 Review
Plus500 Insights
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.