Plus500 Minimum Deposit

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.

Plus500 Deposit Methods Table

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

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 app.plus500.com.

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

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

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.

Plus500 Minimum Deposit South Africa FAQs