Plus500 Account Type

　　Plus500 offers two primary types of trading accounts for its users:

• Retail Account:
• This is the standard account type available for most traders.
• Maximum leverage is 1:30 for retail clients.
• Minimum deposit requirement is $100, depending on the payment method.
• An inactivity fee of up to $10 applies if the account remains inactive for three months.
• Professional Account:
• This account type is designed for eligible traders who meet specific criteria, including minimum income and asset levels.
• Maximum leverage can go up to 1:500, offering greater trading opportunities.
• Traders must complete additional registration/application forms to qualify for this account.

　　

Plus500 Broker Account Opening Process

　　Opening a trading account with Plus500 is a straightforward process. Here are the steps involved:

• 　　Visit the Plus500 Website: Go to the official Plus500 website to start the registration process.

• 　　Choose Account Type: Select whether you want to open a Retail or Professional account based on your trading needs and eligibility.

• 　　Complete Application Form: Fill out the application form with your personal information, including name, address, date of birth, email, and phone number.

• 　　Submit Verification Documents: To comply with regulatory requirements, you will need to provide proof of identity and proof of residence. This typically includes:

• A government-issued photo ID (passport, national ID card, or drivers license).
• A utility bill or bank statement that shows your address.

• 　　Account Verification: Plus500 will review your submitted documents, which usually takes a few days. Once approved, your account will be activated.

• 　　Fund Your Account: After verification, you can deposit funds into your account using various methods such as bank transfers, credit/debit cards, or e-wallets like PayPal or Skrill.

• 　　Start Trading: Once your account is funded, you can begin trading on the Plus500 platform. You can also explore the demo account feature to practice trading with virtual funds before committing real money.