67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
With some basic information on Plus500 covered, here is our step by step tutorial in how to get going with your Plus500 live account.
Step 1 – Completing Your Personal Information
The very first step in getting started with your Plus500 account is to head over to the Plus500 website. Here you should click the “Start Trading” button as shown below.
This will then direct you to a very simple registration page as shown below.
All that is required at this point is your valid email address and password, though more information will be needed in the following steps.
Once you have completed this information, simply choose real money from the next screen and you will be ready to start filling your Plus500 live account profile.
Step 2 – Completing Your Plus500 Live Account Profile
The next step in setting up your Plus500 live account is to complete your account profile.
This can be completed in a few steps and you will need to choose “verify account” from the left side dropdown menu which is on your dashboard. From here, your first step will be to confirm your name and date of birth as shown.
On the next screen as you can see below, you will have to choose the account type which corresponds to your region.
We followed along with the EU based, CySEC regulated account type.
As per the regulator, you will then be greeted with the following screen where you need to confirm some personal financial info and answer some very simple trading related questions.
This confirms your appropriateness for trading with Plus500 and should be no problem to complete.
This should be the final step in completing your live account profile and you should be simply left to upload your verification documents to begin trading freely on your Plus500 live account.
Step 3 – Choose Your Trading Platform
This step which is required with many brokers is actually not a problem with Plus500.
This is due to the fact that Plus500 only use their own proprietary trading platform. This is automatically chosen and loaded for you when you register your new account.
Step 4 – Uploading Your Documents to Verify Your Plus500 Live Account
One of the final steps after completing your Plus500 live account profile is your Plus500 verification.
You will see the screen below after you have completed your live account profile.
As you can see above, in order to verify your Plus500 account, you will need 4 submissions.
The first two of these are your ID and address verification. Once you click the button to verify these you will be directed to upload them electronically. Typically these are quickly confirmed with a maximum waiting time of 24 hours.
Next you will need to verify both your email address and telephone number. For both of these you will receive a code which you can then enter on the screen to verify. Although we waited some time to receive our code, this should generally be instant.
Step 5 – Verification Pending: Your Plus500 Live Account is Almost Ready
Once all of your documents are submitted, they should be quick to verify. This will then leave you completely free to trade on your Plus500 account.
From our experience, you can still deposit when your verification is pending, but in order to withdraw and open full functionality of your Plus500 account, your verification should be complete.
Verifying Your Plus500 Live Account Faster
The best ways that you can make sure your Plus500 account verification processes as quickly as possible is to ensure you have all of your required documents ready to hand when starting the process. Some of the following steps may be helpful:
- Make sure your document pictures are clear and showing all corners of the document
- Ensure that your ID document is in date and not expired
- Your residence document should match the type required and be within 3-months old. This date should be displayed on the document together with the same address you used to register your account.
These few points should make sure that your Plus500 account is verified without delay.
“77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money