When it comes to joining a new prediction market site, it’s always good to get an idea of the bonuses you might encounter. That said, prediction market sites are sometimes notorious for not offering many trading offers.
At Plus500, there’s a Plus500 bonus for new traders, which is enough to get you started. It’s a flexible bonus and is based on your initial deposit, so the more you deposit, the bigger your bonus will get. If you’re interested in collecting a trading bonus, stick with me as I walk you through everything you need to know.
In short, yes. As a new trader, you can claim a bonus on your first deposit, where you will then receive a trading bonus so you can test the waters on even more markets. So, if you are going to be buying event contracts anyway, this bonus allows you to get even more. Or, you can spread it across multiple visits. Whatever you choose, it’s a completely customizable bonus.
Want to see what you stand to claim? Here’s how the bonus will change, depending on the size of your deposit, as I found out during my Plus500 review:
I have seen other Plus500 reviews claim this offer can only be used for futures trading. However, I asked Plus500’s customer service directly, and they confirmed to me that this offer can be used for predictions trading as well.
| Support Types | E-Mail, Live Chat, Hotline |
|---|---|
| Deposit time | instant |
The great news here is that Plus500 doesn’t tend to use promo codes, just like the Interactive Brokers bonus. This allows you to get your hands on the bonus so much easier, without worrying about entering the code correctly. Simply head to the cashier page, make your deposit, and you are golden. Want to see how it all works in practice? Let’s crack on…
Click the on-page banners to load the Plus500 website
Tap the ‘Start Trading’ button
Enter your email and create a password
Read and accept the T&Cs
Click the verification link you were sent via email
Go to the cashier page and make your first deposit
You will receive your trading bonus
Now that you know what the sign-up bonus is for new traders, it’s time to learn a little bit more about how it all works. So, if you are new to prediction market sites or just new to Plus500, this section is tailored to you.
Just like the Webull bonus, you aren’t restricted to specific markets or events. Once you have claimed your trading bonus, you can use it on any category and event, as you wish. It’s totally flexible, so you don’t need to worry about trading on any events that you aren’t overly interested in. As such, you can get the full value of the bonus and put it towards what you really enjoy trading on.
You don’t need to worry about acquiring any codes, especially for the welcome bonus, as it’s not needed. When it comes to general promo codes for ongoing offers, there aren’t any available just yet. That said, if any promo codes do drop, I will come back here and update you all.
Not right now, no. Unfortunately, there aren’t any other rewards available for traders, which I confirmed with the team via live chat. However, it does appear that some rewards may be launching in the future, as the live agent appeared hopeful. So, watch this space. While it’s a little frustrating, I wouldn’t let it be a dealbreaker, as many prediction market sites opt to roll out very few bonuses.
You should get your trading bonus as soon as you make your first deposit. While there may be a few moments’ delay, it shouldn’t be anything major. In most cases, it arrives within a few minutes.
To help you have as good of an experience as possible, here are a few tips that I picked up along the way, just like I did when I was exploring the Gemini Predictions bonus.
The bonus T&Cs will contain important information that you need to know, so you should always check them out before you attempt to qualify for a bonus. You will find bonus-related terms, including any expiration dates, trading requirements, eligible markets, and so on. After all, there may be a few terms out there that could be a dealbreaker for you, such as eligible events.
Before you make your deposit, think about a budget first. Don’t deposit more than you can afford to lose, because there’s no guarantee when it comes to predicting outcomes. Once you have set a budget, you can then make a deposit and claim the associated bonus. Never be tempted to deposit more, just because you want a higher bonus.
As a new trader, you will need to complete a KYC (Know Your Customer) check. This requires you to upload your photo ID, such as a passport or driver’s license, and proof of address, like a recent utility bill or bank statement. Once all of this has been submitted, your details will be verified, and your account will be approved. Doing this means that there won’t be any delays in the future when it comes to withdrawals.
Remember, Plus500 doesn’t accept credit cards, so you can either use debit cards or bank transfers. If you attempt to use an unsupported payment method, your payment will be declined. So, save yourself the time and hassle and stick to the supported payment methods, right off the bat. With regulations and guidance changing all the time on payments, be sure to stay updated.
If you want to get the most out of your trading bonus, I recommend sticking with the markets that you either know a bit more about or are confident of making a correct prediction. Of course, there’s always a chance you are going to get it wrong, but you should get yourself a good shot at getting it right. Additionally, if you aren’t overly familiar, then you should do your research. For example, on a sports event, you should compare the recent H2H stats, team performance, and injuries.
While Plus500 doesn’t offer any other rewards right now, that might not always be the case. With prediction market sites popping up everywhere, there is going to be a lot of competition over the next few months. So, these sites will try to gain your attention and think of ways of keeping you interested. So, here are a few trading bonuses you may see if Plus500 ever rolls out any more.
A common bonus is a deposit offer, where the operator matches how much you deposit by a fixed percentage. For example, a 100% bonus, up to $1,000, would give you up to $1,000 extra. Let’s say you deposit $200; you would get another $200 added to your account, giving you a total of $400 to use.
It’s great to have someone to share the fun with, so referral offers are excellent as it incentivizes getting your friends to join. A referral bonus comes in all shapes and sizes, including a commission-based reward and a one-off bonus. Ideally, there wouldn’t be any caps on how many friends you can refer, so you can claim ongoing rewards throughout your time with Plus500.
It would be great to see a bonus where if you trade a certain amount within a fixed period of time, you would receive a bonus credit. For example, ‘Trade $10 in your first 7 days and get a $30 bonus’.
Loyalty or VIP programs are excellent ways to keep traders engaged long-term. For example, many programs give users points based on how many trades they make. As they collect more points, they will progress through the tiers, picking up bigger and better perks. The best programs have several tiers, so the progression takes quite a while, giving you something to look forward to.
I’ll be honest, not many prediction market sites out there are offering specific trading bonuses, so it’s great to see Plus500 doing this. It’s a breath of fresh air, and I really appreciated finding it. That said, this is where the rewards currently start and finish. Right now, there aren’t any other promotions available, but I will keep returning to see how things change in the future. But don’t let that stop you from trying out Plus500. The trading bonus is generously sized and is more than enough to allow you to test the waters on a few different markets. For example, the $20 bonus alone gives you the chance to buy at least 20 contracts – at an absolute minimum.
If you want to claim this bonus for yourself, all you need to do is click the promotional banners on this page. Follow the step-by-step guide to get your account up and running, and you will be good to go within a few minutes. Then, you can use your deposited funds and your bonus to start trading predictions on your favorite markets.
Provided that you are 18+ years old and are situated in a permitted state, you are good to go with opening an account and claiming the bonus. Just like with the ADI PredictStreet bonus, you must meet the entry requirements first.
No, the trading bonus is for new users, which means that it can only be claimed once. It’s available on your first deposit only, so once it’s been claimed, you can’t unlock the offer again.
Not at first, no. You need to use your bonus to trade event contracts. Once you have done this, you can withdraw any settlements that you may get.
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