Uploaded by Ahmed Ayssar

FAQ Plus500

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Forex and CFDs are complex leverage-based products, which carry a high level of risk. These complex products are over-thecounter derivatives and are not suitable for everyone. You must consider whether you understand how these products work and
whether you can afford to take the risk of losing your capital. Investing in these products does not provide any entitlement, right or
obligation to the underlying financial instrument. The profit and loss are determined by the price movement of the underlying and
can expose you to the high risk of losing your capital rapidly.
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Account Verification Process
How do I update my account details?
To change any of the registered personal details in your trading account (displayed on the
“Funds Management” / "Personal Information" screen), please contact us to explain the
reason for this change and provide us with the relevant information, e.g. name change due
to marriage, or change of residential address. We will then review and action your request
in accordance with our regulatory requirements and obligations. To contact us, click on the
“Email Us” link.
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How do I verify my payment method?
Funds deposited to your account must originate from a payment method that is in the
same name as the Plus500 trading account holder.
Accordingly, we are obliged to verify and ensure that you are the legitimate owner of funds
deposited to your account. Therefore, if you deposited by:
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How do I verify my phone number?
In order to verify your phone number, please go to the main trading screen on the Plus500
platform → ”Menu” → “Account” → “Verify Account” → Click the “Verify”
button in the “Your Phone” section → Enter your number without the country
code → Click on "Send me an SMS" or "Call my phone". You should receive a 3 digit
code on your phone, please submit it via the phone validation window.
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What is required to verify my account?
Customers are required to verify their accounts for identification and security purposes in
accordance with our customer due diligence process, for example the verification of your
name, date of birth, residential address, phone number, email address and payment
method, etc.
For more information please also read FAQ topic “Submitting Identification Documents”.
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What is Tax Identification Number?
The Tax Identification Number (TIN) is a personal number used for tax purposes in your tax
country (i.e. the country in which you report your taxes).
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Why didn’t I receive my verification letter?
Depending on your country of residence, you may be able to request that a letter for
address verification is sent to the Postal Address held on your trading account. In some
countries, however, this service is not supported. To request this letter, log in to the
Plus500 platform, click on ”Menu” → “Account” → “Validate address” → “Send
me the letter”. If you don’t receive the letter within 3 weeks, you should verify the
accuracy of the address held on your account, and if necessary contact our support team.
Nonetheless, you will be required to provide us with a document (photo of a utility bill/bank
statement) in order to verify your address, in accordance with our regulatory obligations.
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Why didn’t I receive the code to verify my phone number?
Make sure that you do not include your country code with the number, as the system
automatically dials your country code according to your registration details (+44 for UK for
example). In addition, prepaid phones cannot be verified by this process.
If you encounter any other issue, please contact us for further assistance by clicking on the
“Email Us” link.
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Didn’t find an answer to your question? Contact us!
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Plus500CY is the issuer and seller of the financial products described or available on this website.
Forex and CFDs are complex leverage-based products, which carry a high level of risk. These complex
products are over-the-counter derivatives and are not suitable for everyone. You must consider whether
you understand how these products work and whether you can afford to take the risk of losing your
capital. Investing in these products does not provide any entitlement, right or obligation to the
underlying financial instrument. The profit and loss are determined by the price movement of the
underlying and can expose you to the high risk of losing your capital rapidly.
Plus500 is mainly compensated for its services through the Bid/Ask spread. Check our Fees &
Charges.
The information on this website is general in nature. Please consider the information in light of your
objectives, financial situation and needs.
Plus500 is a trademark of Plus500 Ltd.
Plus500AE Ltd is regulated by the Dubai Financial Services Authority (DFSA), (License No. F005651)
and holds a category 4 license with a 'Retail' endorsement, and is not authorized to hold client assets
or client money.
Plus500AE Ltd is responsible for facilitating the opening of trading accounts and offering of CFD
services by Plus500CY Ltd. Office Address: Plus500AE Ltd's registered office is at Gate Village 4,
Level 1, Unit 109-110, DIFC, Dubai UAE.
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