Plus500 withdrawing money

Plus500 withdrawing money

At Plus500 it is quite simple request a payout. In this article we will show you how to quickly withdraw your money from Plus500. Because when you have made a nice profit with trading you might want to withdraw your profits to use it for all kinds of nice things.

Conditions for withdrawalPlus500 withdraw money

Before you can withdraw money it is important that your account has been approved. How can you make sure it is? You must have submitted a valid copy of your identification so that Plus500 can verify your identity. This is required because Plus500 complies with European directives and because they are under control of the Financial Conduct Authority, a financial watchdog that monitors brokers. They make sure brokers are reliable and handle clients’ funds with care.

Withdraw money

Great, your account has been approved and now it’s time to actually withdraw the money! Therefore navigate within the Plus500 software to funds management and press withdraw. Here you can choose between the following options: Paypal, MoneyBookers and wire transfer. Choose the method you prefer, enter the amount that you want to withdraw and the rest will happen automatically! It normally takes one to five days until the money is credited to your account.

Note: you can only withdraw unused balance. If there are open positions then you cannot withdraw the required margin for these positions before you close them.

Does Plus500 really pay?

Plus500 always pays and is a reliable broker. The company is registered with the Financial Conduct Authority ‘and with this regulation they are required to confidentially deal with the assets of clients. Profits that you earned and your own deposits can always be withdrawn without conditions. Only the free bonuses (which you get when you open an account and when you make your first deposit) you must first unlock, in order to prevent people from applying for a bonus and withdrawing it immediately.

Open an account with Plus500? Click here and open your trading account!

“76.4% of retail CFD accounts lose money”