Plus500 unlock welcome bonus
Important: As of March 2017, CySEC, the Cypriot regulator, has decided to restrict the offering of bonuses to clients. According to this new restriction, offering bonuses to CFD traders is no longer allowed
A welcome bonus is always welcome, even more so if it can be unlocked! I don’t know how often I have encountered deposit bonuses on casino sites. Not so long ago I discovered that online brokers or equity providers also have deposit bonuses. At Plus500 you will even get a free € 25 welcome bonus which doesn’t require a deposit, besides the regular deposit welcome bonus. (Remember to use the correct bonus code when making a deposit!) The amount of your Plus500 bonus you can read from the table.
You can start trading at Plus500 from as little as € 100, unfortunately not for less (though that would be worth it anyway). Fortunately, you can deposit not only through Paypal, but also through other channels like credit card, bank transfer, iDeal and MoneyBookers/Skrill. Personally, I would go for a minimum deposit of either €500, €1000, or €4000 because then you require relatively the fewest trader points to unlock your bonus. But this is of course totally up to yourself.
The €25 welcome bonus is immediately added to your account; you can start trading with it right away. The deposit bonus will be visible in your account but you won’t be able to withdraw until you have collected enough trader points. So if you deposit €500 and you get €150 bonus you can only withdraw €500, the €150 bonus you can withdraw only after you have collected a certain amount of trader points.
Though it’s as simple as that, I will briefly explain how to unlock the bonus amounts at Plus500 as it basically is free money. Unlocking bonuses at Plus500 works via Trader Points which in turn represent your paid spread. Are you still following? In other words: every time you open a position in stocks, commodities, indices or (virtual) currency at Plus500 you get a certain number of trader points. With a certain number of trader points, you have unlocked the bonus. In the table above you can see the bonus amounts with the accompanying minimum deposits and bonus codes. To be certain that they have not changed go to this page to see the up to date bonus table of Plus500.
The € 25 free welcome bonus, you can cash out after 60 trader points. The € 30 deposit bonus on € 100 after 50 trader points, the € 150 bonus on a € 500 deposit after 150 trader points etc.
Continue reading: Money Management – The importance of a trading plan