Plus500 Account Type

Plus500 offers several account types tailored to different trading needs. The main account types include:

1. Demo Account:

• Unlimited access for practicing trading with virtual funds.
• No risk of losing real money.
• Ideal for beginners to familiarize themselves with the trading platform.

2. Retail Account:

• Minimum deposit: $100.
• Allows trading in over 70 currency pairs, cryptocurrencies, indices, commodities, and shares.
• Features include negative balance protection and eligibility for the investor compensation fund.

3. Professional Account:

• Available to traders who meet certain criteria (e.g., trading activity, portfolio size).
• Allows higher leverage of up to 1:300.
• Offers similar features to the retail account but without investor compensation fund protection.

4. Islamic Account:

• Available upon request for Muslim traders seeking a swap-free trading option.
• Specific features may vary based on individual requests.

5. Invest Account:

• Designed for unleveraged equity trading.
• Access to shares and ETFs, but geographic restrictions may apply.

6. Futures Account:

• Available only to U.S. clients for trading futures contracts.

Plus500 Broker Account Opening Process

To open a Plus500 account, follow these steps:

1. Visit the Plus500 Website: Go to the official Plus500 site and click on "Start Trading."

2. Registration: Enter your email address and choose a password. You can also sign up using Google, Facebook, or Apple accounts.

3. Complete Personal Information: Fill out the required personal details, including your full name, date of birth, and address.

4. Account Verification:

• Upload a government-issued ID and a document for proof of address (e.g., utility bill).
• Verify your phone number and email address.

5. Deposit Funds: Make a minimum deposit of $100 to activate your live account.

6. Start Trading: Once your account is verified and funded, you can access the trading platform and begin trading.