Plus500 South Africa Minimum Deposit
For SA Traders
| Plus500 Minimum Deposit | ZAR 750 |
|---|---|
| Deposit Methods | Credit/Debit Card,Local Bank Transfer,e-Wallets |
| Account Types | Premium Account |
| Deposit Fees | No fees |
| Account Base Currencies | ZAR, USD, AUD |
| Withdrawal Fees | No fees |
| 💰 Minimum Deposit | 750 ZAR |
| 🏧 Minimum Withdrawal | 750 ZAR |
| 💱Base currency | ZAR, USD |
| 💨Fastest Deposit Method | South African EFT (instant) |
| 🏦Deposit Fees | $0 |
| 🎁Deposit Bonus | No |
| 🐷Online Wallet System | No, deposits go straight into your trading account |
What is Minimum Deposit in Forex?
A minimum deposit in forex means the smallest amount you broker will allow you deposit so as not to attract any fees from the payment provider.
Minimum deposits may also be established to differentiate Professional Accounts from Beginner Accounts.
What is Plus500 Minimum Deposit in ZAR?
| 👨Plus500 Deposit Method | ✅Minimum Deposit |
| Visa/MasterCard | 750 ZAR |
| PayPal | 750 ZAR |
| Skrill | 750 ZAR |
| Apple Pay | 1, 500 ZAR |
| Bank Transfer | 3,000 ZAR |
Plus500 minimum deposit is 750 ZAR when depositing through Bank Cards & Electronic Wallets.
It is always advisable to deposit above the minimum deposit to allow more free margin in your trading account.
When contemplating how much you should deposit, you should consider the instrument you're trading & the leverage your account is set to.
Let us assume you want to trade a standard lot (100,000 units) of EUR/USD with 1.0844 exchange rate on a 1:30 leverage account setting.
You would need to deposit at least (100,000 units x 1.0844)/30 = $3,615.