How to Delete Plus500 Account Step-by-Step Guide

How to Delete Plus500 Account Step-by-Step Guide

Introduction 

Plus500 is an international financial firm that provides online trading services. It is located in Israel and uses contracts to set up more than 20000 security and multiple asset classes. 

If you no longer require Plus500 services and wish to close your account, then you have come to the right place. For your ease, we have made an easy-to-follow step-by-step guide that will help you to know how to delete the Plus500 account. 

How to Delete Plus500 Account Step-by-Step Guide? 

The following steps will direct you on how to delete the Plus500 account.

  1. Go to the browser and enter https://www.plus500.com/Help/ContactUs.

  2. You will be directed to the contact form.

  3. Fill out the details such as name, email address, subject, type of query, and reason to close your account. 

  4. Then submit it to be reviewed and processed accordingly. 

How to Cancel Plus500 Account through Email?

You can also get in touch with customer service to delete your account.

  1. Sign in to your email.

  2. Write ‘Request to Delete Account’ in the subject line.

  3. Compose a structured email stating your reason for deleting your account.

  4. Ask customer service to remove your data along with the report.

  5. Send the email out to support@plus500.com.

Remember

For your assistance, we have created a simple step-by-step guide that will help you easily delete the Plus500 account. All relevant information needed to close your account has been mentioned above. If you require further details, feel free to comment below to let us know.  

About the Company 

Founded in 2008, Plus500 is a global fintech firm that provides online trading services in contracts for different CFDs. The company will be adding share dealing and future trading to its offering. It is based in Israel but operates in the US, Cyprus, Singapore, Bulgaria, Australia, the US, and Seychelles. 

Frequently Asked Questions

  • How to delete the Plus500 account?

You can contact customer service or fill out the contact form to close your account.

  • What happens when you close a position on Plus500?

The close position is opposite to the open position as it nullifies and eliminates the initial exposure. Closing the position will entail selling or buying back the shares.

  • How does Plus500 generate revenue?

The company compensated for its services through the market spread. It also charges a currency conversion fee for all trades denominating in a currency different from the currency of the customer account.

  • What is the minimum deposit required for Plus500?

The minimum deposit required for Plus500 is 1500 ZAR. Deposit and withdrawals are commission fees but require a minimum deposit of 1500 ZAR for Skrill, Neteller, and Paypal, but for bank transfers, it should be 3000 ZAR. 

  • How much does Plus500 charge per trade?

It offers zero commission trading as it compensates it through the bid-ask spread. It charges an additional fee of 10 dollars or inactivity, 0.5% for currency conversion fee, and overnight funding. 

Conclusion 

You have many additional choices if you are experiencing issues with their platform and choose to cancel your account. If you have lost a substantial amount of money, take a break. Then, you register with another broker, such as eToro, and utilize their demo account to rebuild your trust.

References 

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