In this article we explain how to withdraw from Plus500. We would like to point out that although you can use various tools for your Plus500 deposit, including electronic wallets, credit/debit cards and bank transfers.
Plus500 minimum withdrawal
Plus500 is quite flexible from a deposit point of view, since, unlike other brokers, it allows you to start a real trading experience even with only 100 euros deposit.
Clearly a deposit of this type limits the operational possibilities and consequently the possibilities of gain, but that of 100 euros is still a very interesting threshold for those who intend to start without risking too much (in the end of the accounts there is still the possibility of increasing the deposit at a later time!).
Well, the same policy applies to withdrawals, so you can withdraw money from Plus500 only against certain amounts.
It must however hold in consideration the fact that the broker can change from a moment to another the conditions, and that the actual thresholds can change to second of the method of payment chosen: it is probable in substance that for the credit cards they are worth determined minimum amounts of withdrawal and that with the transfer others are previewed, therefore in order to have a picture of the situation how much clearer and modernized we suggest you to hold under control the relative area to deposits and withdrawals directly to the inside of your account.
If for the moment you don’t want to ask yourself the problem of the withdrawal because you prefer to begin to familiarize yourself with the platform, and more generally with the trading, know that Plus500 allows you to activate a Demo account that in practical terms is equal to the real one, but that unlike the latter does not use real money.
Consequently, a Demo account, while allowing you to operate with complete freedom, does not raise the question of deposits and withdrawals: the money you use in this case will be fictitious.
Withdrawing from Plus500 with Paypal
Paypal is a payment method accepted and increasingly used by users of Plus500, because it is objectively a convenient, efficient and secure. Paypal can be used not only for deposit, but also for withdrawing money.
Exactly as it happens in other sites, also in Plus500, withdrawing with Paypal, you will be redirected to the site of the bank to conclude the transaction. Paypal is a particularly popular route, because not only is it incontrovertible from the point of view of data security, but it is also very convenient from the point of view of waiting times, which in this case, both in deposits and withdrawals, are reduced by a lot.
Relying on Paypal for withdrawals on Plus500 means making this type of operation much faster than usual, as well as taking advantage of some conditions that so irrelevant are not: for deposits and withdrawals made by Paypal, for example, there are no maximum limits of any kind!
Withdrawal on Plus500 with Bank Transfer
As we said before, on Plus500 you can also withdraw using a classic bank transfer: sending the order, the broker will make a transfer to your bank account for the amount you have requested, but before embracing this solution should think for a moment.
The reason is that the bank transfer, although it represents a traditional and authoritative means, in the field of online trading ends up being snubbed most of the time. Why? Because in the age of the Internet, when you are looking for speed and practicality, the transfer is seen as an obsolete tool, cumbersome and slow.
Not by chance Plus500 gives you the opportunity to use it, but at the same time warns you that the processing time of the file could be extended by several days compared, for example, to a withdrawal made by Paypal or credit card.
Minimum withdrawal on Plus500
As for the minimum withdrawal on Plus500, this varies depending on the payment method chosen. For example, with Paypal you can withdraw sums of money not less than 45 euros, while for the bank transfer this amount almost doubles, bringing it to 85 euros.
And the same policy applies to credit cards. It is therefore very important to choose the payment instrument that you intend to use, because this does not only and exclusively affect the timing and amounts of the deposit, but inevitably also reverberates on the front of withdrawals.
Be careful not to abuse with withdrawals, because Plus500 accepts up to five per month: once this threshold is exceeded, each additional withdrawal is liable to a fee of 10 dollars. In addition, for withdrawals transmitted by bank transfer you can incur a surcharge of up to $ 6, depending on the case.
Depending on the payment method, the amounts change, as do the waiting times. With Paypal, Skrill and electronic wallets in general, we have the shortest waiting times. With credit cards, waiting times are always quite fast, but the time frame is in any case subordinate to each individual bank. The transfer, on the other hand, remains the slowest method: after the authorisation of the withdrawal, it can take up to 5 working days before we receive the credit.