Plus500 Minimum Deposit Summary
Plus500 Minimum Deposit R750
Deposit Methods Bank Wire Transfer, Credit/Debit Cards, e-Wallets
Account Types Plus500 CFD Account
Deposit Fees No Fees
Account Base Currencies USD, ZAR
Withdrawal Fees No Fees
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Plus500 minimum deposit in South Africa is R750.

We have detailed everything you need to know about payment methods that are supported by the CFDs broker for deposits and withdrawals as well as the processing time, deposit fees and how you can add money to your account.

What is the minimum deposit on Plus500?

The minimum deposit amount on Plus500 in South Africa is 750 ZAR. This minimum deposit amount applies to deposits via cards and e-wallets (PayPal, ApplePay, Skrill). Deposits via bank transfers require a minimum of 3,000 ZAR.

Plus500 has only one account type, the Retail Account, however, if you are an experienced trader and you meet the criteria, you can apply for a professional trader’s account which gives you access to more leverage.

Accepted Deposit Methods on Plus500 South Africa

Plus500 offers a range of ways to deposit into your trading account:

1) Bank Wire Transfers: You can deposit on Plus500 through bank transfers. The minimum required amount is R3,000 and it takes up to 5 business days for the funds to be reflected in your trading account. Plus500 does not charge any fees when deposit through your bank account.

Plus500 also allows you to withdraw funds to your bank account, the minimum you can withdraw to your bank account is R1,400, this takes about 3 business days to process on Plus500 and can take between 3 to 7 business days for the funds to reach your bank account. Plus500 does not charge any withdrawal fee for this method.

2) Credit/Debit Cards (Visa, MasterCard): Bank cards are another accepted payment method on Plus500, with a minimum requirement of R750. Deposits via cards are credited instantly to your trading account and no deposit fees are charged.

You can also withdraw funds to your bank cards, the minimum amount supported is R1,400 and it takes about 3-7 business days for the funds to be added to your card after you initiate a withdrawal on the platform. Withdrawals are also free of charge as the broker charges no fees for this.

3) E-wallets (PayPal, Skrill): Another popular method for making deposits on Plus500 are e-wallets, the minimum amount needed to deposit using this method is R750 as well, the deposits are reflected instantly on your trading account, and no fees are charged.

You can also withdraw money to your e-wallets from Plus500, the minimum withdrawal amount on Plus500 for e-wallets such as Skrill and PayPal is R700. Withdrawals are processed within 3 business days and can take 3-7 business days before you receive the money in your e-wallet.

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Note: CFD trading is risky

Plus500 Deposit Methods Table

Here is a summary of payment methods accepted by Plus500 for deposits.

Deposit Methods Availability Minimum Deposit Charges Processing time
Internet banking/bank transfers Yes R3,000 Free Up to 5 business days
Cards Yes R750 Free Instant
E-wallet Yes (Skrill & PayPal) R750 Free Instant

Plus500 Deposit Rules

1. Deposit Fees: Plus500 does not charge any fee on the deposits you make on the platform. This means that the full amount you deposited will be reflected in your trading account. However, your payment processor, bank or card issuer may charge an independent fee during deposit or withdrawal.

2. Deposit Time: While you can deposit funds to your account at any time, the deposit method used determines how soon the funds are added to your trading account for you to use. Deposits made via e-wallets and cards are reflected in your trading account immediately, while bank transfers can take up to 5 business days for the funds to be reflected.

3. Payment Source: Plus500 will only credit funds to your account if the depositing bank account, card or e-wallet has the same name as the name on your trading account. Third party deposits are not allowed.

You can deposit from a joint account you co-own with someone else, but you will need to provide documents to prove this, in addition to the standard identity and address verification required during registration.

How do I deposit money into my Plus500 account?

Step 1: Login to your Plus500 account dashboard via

Login to Plus500 Account

Step 2: Once logged in, click on the left-side menu tab and select the ‘Deposit’ link there.

Make Deposit with Plus500

Step 3: Select the payment method you want to use to deposit the funds.

Plus500 Deposit Methods

Step 4: Enter the amount you want to deposit, then click on the ‘Deposit’ button under to complete the process.

Comparison Of Plus500 Minimum Deposit With Other Brokers

Here is a comparison of Plus500 minimum deposit with that of their competitors.

Broker Minimum Deposit
Plus500 R750
AvaTrade R1,950
HF Markets R0
Octa R480
Exness R190 ($10)

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Note: CFD trading is risky

Plus500 Minimum Deposit South Africa FAQs

What is the minimum deposit for Plus500?

R750 is the minimum deposit required to start trading on Plus500 in South Africa. This amount applies to cards and e-wallets (PayPal, Skrill) only. The minimum deposit for deposits via bank transfers is R3,000.

Can you use Plus500 in South Africa?

Yes, Plus500 is available in South Africa. The broker is regulated by the Financial Sector Conduct Authority (FSCA) under the name Plus500AU Pty Ltd. with Financial Service Provider (FSP) license in South Africa.

How long does it take to withdraw money from Plus500?

3-7 business days is the typical time it takes for all withdrawals initiated on the platform to get to your bank account, e-wallet or card. The internal team processes the withdrawal within 3 business days.

What is the minimum withdrawal from Plus500?

R1,400 is the minimum withdrawal amount if you are withdrawing to cards or your South African bank account. Withdrawals to e-wallets like PayPal and Skrill require a minimum amount of R700.

Does Plus500 have withdrawal fees?

No, Plus500 does not charge any withdrawal fees when taking out funds from your trading account. The amount you withdraw is what will sent to your chosen payment method (bank, card or e-wallet). However, not that your payment processor or bank may charge an independent fee.

How do I deposit money into Plus500?

To add money to your Plus500 account in SA, simply log in to your dashboard, select the deposit link in the left side tab, then choose your preferred deposit method, enter the amount you want to deposit and click on the ‘Deposit’ button on the page to complete the process.

Does Plus500 have deposit fees?

No, Plus500 does not charge any fees when adding money to your account, all deposits are free, but your bank, card issuer or payment processor may charge their own separate fees.

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Note: Your capital is at risk

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Your capital is at risk. CFD Product.