Plus500 Close Account

Adam Rosen - Lead financial writer

Updated 28-Jan-2023

Plus500 Close Account

For whatever reason you may wish to close or delete your live Plus500 trading account. Plus500 is a multi-asset broker that was established in 2008 and is headquartered in Israel. Plus500 offers trading in Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, US Stocks, UK Stocks, Energies, Metals, Agriculturals, ETFs, to over 22,000,000 clients. There are a few ways to close and deactivate your live Plus500 account including online, through email and even through the post. Closing your Plus500 account will take around 3 to 10 days depending on your circumstances. There are a few things you will need to check before you close your Plus500 acccount as once your Plus500 account is fully deactivated, any trading research and available Plus500 funds or any other data that remains needs to be in your possession. Once Plus500 trading platform access is lost.

What are the steps to deactivating and closing my Plus500 account?

  1. Once logged into Plus500, choose "delete" or "Close Account" from the Plus500 drop-down menu that is located at the very bottom of the page on the Plus500. Once you have navigated to the Plus500 settings page, select the option that allows you to delete your Plus500 live trading account.
  2. A pop-up will inquire as to the motivation for your decision to close your Plus500 account, and it will provide you one final opportunity to change your mind. A Plus500 representitive may also contact you to confirm your Plus500 account closure.

It is now possible to close your Plus500 account within three days, provided that all of your Plus500 positions have been closed and all available Plus500 funds have been withdrawn.

Although there are thousands of people who use Plus500, at some point you may want to close your Plus500 account. It only takes a few clicks of a button to delete your Plus500 account if you decide you've had enough of the Plus500 platform and no longer want to use it.

Before you close your Plus500 account, double check that all open trades have been closed and that you have withdrawn the full amount of money from your available Plus500 balance.

You can terminate your Plus500 account via email

You can log in to your Plus500 account using the email address that you provided during the Plus500 registration process in order to terminate your Plus500 account. Send an email to [email protected] requesting that your Plus500 account be closed. The email should contain your Plus500 account deactivation and closing request.

Your Plus500 Account Can Be Closed Via Telephone

Plus500 do not offer phone support, so you will have to find an alternative method to close your Plus500 account.

To delete your Plus500 account, go to https://www.plus500.com/ and then follow the instructions that are provided on the Plus500 website. If you have any questions or concerns about deleting your Plus500 account.

Your Plus500 Account Can Be Closed Via Post

You can send a letter to the Plus500 head office in Haifa, Israel to request that your live Plus500 account be closed. closing your Plus500 account via post will take allot longer and you will want to know if Plus500 recieved your Plus500 account closing letter.

How Much Time Will It Take Before My Plus500 Account Is Deleted?

Plus500 requires three to ten business days to close your account, and their may be some associated fees when closing your Plus500 acccount. Plus500 accounts with available funded balance may take longer if you do not provide Plus500 with a withdrawal method and verify your ID.

Is it possible to reactivate my Plus500 account after it has been closed?

When an Plus500 account is closed, it cannot be reopened under any circumstances; however, a new Plus500 account can be created at any time by using a different username and email address. Your Plus500 trading history and data will be wiped clean from any previous Plus500 transactions that you have closed, as well as any active Plus500 accounts you have had in the past.

Are Multiple Plus500 Accounts Possible?

You are free to create as many Plus500 accounts as you like. You will need to register with Plus500 with the same name and documents as you did when you created your previous Plus500 account in order to do this. You will, however, be required to create a new Plus500 login name and email address for your new Plus500 accounts.

What Are Some of the Reasons That People Want to Cancel Their Plus500 Account?

The majority of newcomers struggle with fundamental issues such as risk management, which frequently results in significant financial losses with brokers like Plus500. People typically decide to close their trading account on Plus500 because they no longer wish to participate in the Plus500 platform's trading activities. Its possible you have trading accounts else where and you wish to close up Plus500 or you are looking for an Plus500 alternative.

Inactivity Fees for Your Plus500 Account

It's possible that you have an Plus500 account in which you haven't executed a live buy or sell order in a few months. If this is the case, your Plus500 account may be marked and dormat and eventually locked.

Because Plus500 does charge inactivity fees for Plus500 dormant accounts, you should make sure to close any Plus500 accounts you have with Plus500 that you no longer intend to use.

Withdraw the remainder of your Plus500 balance

You can take money out of your Plus500 account whenever you like by using the Plus500 trading platform or going to the website https://www.plus500.com/.

In order to accomplish this, you will need to take any remaining money out of your Plus500 broker account, which is a process that is also known as final Plus500 balance withdrawal.

There is a wide variety of withdrawal methods offered by brokers like Plus500, as well as differences in the amount and speed of withdrawal speeds depending on your chosen Plus500 withdrawal method.

You are permitted to withdraw funds from your Plus500 account up to the value of the available funds in your Plus500 account at any given time. Because you are not required to keep any money in your Plus500 account, you are free to withdraw the entirety of your Plus500 balance whenever you see fit. Remember that any Plus500 funds that you withdraw will be put back into the same account that they came from when you made the Plus500 deposit. This is the most important thing to keep in mind.

It is possible that you will be required to provide an alternative method in order to withdraw money from Plus500 if your details have changed since the time that you initially deposited the Plus500 funds.

When you withdraw money from Plus500, the process is not instant; rather, it typically takes at least several business days for the money to reach you. Plus500 withdrawal times differ depending on the selected payment method in your Plus500 dashboard.

If all of the information associated with your Plus500 account is accurate, the processing of your request to withdraw funds from your Plus500 account may take up to one to ten business days. The amount of time it is estimated to take to receive payment from Plus500 after a withdrawal has been processed varies entirely according to your chosen method of payment and is dependent on the 3rd party payment service provider supported by Plus500.

Plus500 Account Deactivation Delays

Because there is a possibility of delays when withdrawing large sums of money from an Plus500 account, we recommend getting in touch with your financial institution in advance. Additional Plus500 waiting time may be incurred due to the placing of a security hold on large Plus500 withdrawals. Please check with your financial institution before initiating a Plus500 withdrawal because the processing times associated with each Plus500 withdrawal method are unique.

While your Plus500 account is 'Under Review', you will still be able to withdraw funds from it; however, you will need to have funds that are eligible for Plus500 withdrawal in order to complete the withdrawal process. Once your Plus500 withdrawal request has been processed by Plus500 and the withdrawal process has been finished, you will be notified via email that the request has been fulfilled.

It is important that you understand that you can only withdraw Plus500 money into accounts that are under your own name.

Withdrawal Fees Charged by Plus500

Because 3rd party fees for Plus500 international bank transfers and wire transfers can be quite high, you should make it a habit to double check whether or not this is something that will be applicable to the Plus500 closing transactions you conduct.

At Plus500, the withdrawal of funds for basic transactions is free of charge. You will be subject to an additional fee by your 3rd part Plus500 withdrawal method for currency conversion if you choose to withdraw funds in a currency other than US dollars (USD). The prices of the Plus500 withdrawal services may shift at any time in response to shifts in the market conditions.

The majority of withdrawal requests made to Plus500 are processed free of charge through common withdrawal methods like Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill.

How to Uninstall the Plus500 App on Your iOS or Android Device

On your iOS or Android device when the app list window displays, touch and hold the Plus500 app icon until it appears, and then pick the option to Remove App from the menu. After opening the app drawer, which is where all of your apps including Plus500 are kept, you may move them to the Uninstall area (on Android) on the left side of the screen by dragging and dropping them there. From that screen, select the Delete Plus500 App option to confirm that you wish to remove the Plus500 application from your phone. Tap the minus sign or the X to delete Plus500 applications, which is the quickest and easiest method to remove Plus500 applications from your device.

Plus500 should be removed from your computer if no longer needed

If you have downloaded Plus500 to your PC or Mac computer you can uninstall any Plus500 software and remove Plus500 from your web browser.

What You Need To Do To Cancel A Request To Close Your Plus500 Account

You can get in touch with Plus500 customer support via e-mail, the phone, or live chat if available if you don't feel like closing your Plus500 account. As long as your Plus500 close account status is 'Under Review' or 'In Progress', you may cancel your Plus500 account closure request by contacting Plus500 customer support.

How Does The Plus500 Account Compare Against Other Brokers?

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    🀴 Plus500 is Used By: 22,000,000
    ⚑ Plus500 is Regulated by: Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546

    πŸ’΅ What You Can Trade with Plus500: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, US Stocks, UK Stocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with Plus500: 2500

    πŸ“ˆ Plus500 Inactivity Fees: Yes
    πŸ’° Plus500 Withdrawal Fees: No
    πŸ’° Plus500 Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill,
    πŸ’° Plus500 Account Base Currencies: GBP, EUR, CHF, JPY, AUD, CAD, NZD, PLN

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    πŸ’° IC Markets Withdrawal Fees: No
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    πŸ“ˆ Roboforex Inactivity Fees: No
    πŸ’° Roboforex Withdrawal Fees: Yes
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    πŸ’΅ What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
    πŸ’΅ Instruments Available with AvaTrade: 1000

    πŸ“ˆ AvaTrade Inactivity Fees: No
    πŸ’° AvaTrade Withdrawal Fees: No
    πŸ’° AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
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    πŸ’΅ What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
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    πŸ“ˆ FP Markets Inactivity Fees: No
    πŸ’° FP Markets Withdrawal Fees: No
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    FP Markets Risk warning : Losses can exceed deposits

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    πŸ“ˆ XM Inactivity Fees: Yes
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    πŸ’΅ Instruments Available with easyMarkets: 200

    πŸ“ˆ easyMarkets Inactivity Fees: No
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    easyMarkets Risk warning : Your capital is at risk


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