October 2012: Plus500 fined over 200,000 GBP by the FSA
Other websites of this company include www.plus500.co.il
- Not guilty0
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What a scam , trying demo lures you into false sense and I'm likely to get better customer service in a burger king.
sms notification doesn't work
Their sms notification doesn't work and they will blame your service provider. But it couldn't be a service provider mistake as surprisingly, sms received during opening the account. It when you are in, the sms facility doesn't work. However, the email works. But would u be checking your email every second of the day?
Total Scam. Waste of time and many. They never let you get any profit. They will close any position without you know.
plus500 wants clients to loose money!
I'm not going to give them 1 star for this because at the end of the day they are regulated and I really liked the way the ease of use of plus500. However Invested alot of money into an account and have actually made alot of money over brexit. More than I've ever owned before actually which was great! Then one day out of the blue they sent me an email saying that I had 30 days to close the account and that I am not welcome to do business with plus500 and that they were "invoking" a clause of their client agreement which doesn't give any sort of reason. No matter who I asked or how many times I asked they would not tell me. I can only assume that its because I was making money which is a negative thing for them! They want their clients to loose money!
Also when I have asked the customer services about it the have been very rude and unprofessional. I think this is such a shame. Plus500 has potential to be the best broker out there but is clearly not!
I really cannot understand why there are so many negative reviews for Plus500.
I am one of the very first clients of this broker (for more than 6 years!) and I have to say that Plus 500 is really one of the best brokers out there.
a) the BEST platform, very easy to use, and very informative for every condition of the available trading instruments.
b) So many instruments available!
c) Usually good spreads and fair execution without requotes.
The opening price is holded no matter to which direction the market headed afterwards. This means that you can be profitable even instantly (while other brokers like Xtrade or Fxpro accept your order ONLY if you have slippage!! Otherwise they requote).
d) many deposit options, real negative balance protection and the last months even more fast Withdrawals (really much faster than before!, wtg plus500!).
Cumbersome validation process
Its odd they always want bills for validating our addresses. In ASEAN countries, people move around extensively and they live in rented premises. The bills addressed to the residence is always to the account of the premise owner. So how do we submit validation in these cases? Though the security is good, but to send a code by snail mail is the worst form of communication and reflects a total lack of confidence in technology. So sad, we will not sign-up.
Scam- stay away
Complete scam,I lost my £4,900. I don't know when money taken from my account and opened the positions.... I am in process of complaining to FCA Ombudsmen.
Just opened account with plus500, in 2 weeks ago and I was shocked to see the reviews on the internet about plus500.
but i will show my experience I had in 2 weeks with them:
*opening account and verifying my account was so easy. upload my ID and address proof from bill.
and also they can send code to your address by post to verify your address, so you can use this code so they know that you are on the right address, but still waiting for this code. but it takes up to 2 weeks to arrive to your address.
**To deposit money was fast and was like doing (copy-paste), for me that good especially if you want to inter a trade fast to catch the trend so you need fast process for you deposit .
*** Chat service to ask and get help is always ON and you get someone to help you in few seconds after you click on chat icon. I chatted with them on Saturday which most of brokers have their chat offline and the chat pop up with someone to help, so you can chat with them even in the weekend :D
****about Withdraw still didn't make any withdraw with them, but I will update the rating and I will tell you about my experience when i decide to withdraw
Now I will tell you why I write this, I believe most the low ratings and bad reviews based on people who had some problems with broker and maybe this problem solved but he never come back to update the case
and of course if you are getting good service and fully paid with your withdraw you will not take from your time to tell people about good news, cause most of people like to bring and talk about bad experience. so that why i decide to start talk about good thing and I hope any one who has good review to come and share it :D
but after I tried their platform and read more about the company I still feel they are good and when they are good to serve you they deserve 5 stars and i hope any good trader who has good experience with them to tell people, we are here to hear both reviews and experience not just the bad one!
so I will keep updating this for you guys but at the moment i will give them 5 tars :)
I will speak about my story with Plus500.
From a long time I liked their Platform because it's easy to use but since 4 years I was afraid to open a real account with them because of the negative reviews on the Internet.
Finally I decide to open a real account with them and this what I saw:
- Verifying my account took only several hours.
- I trade for several weeks without any Problems.
- I received many bonuses (small money on the account) while trading.
- After I closed all opened positions I decide to test their withdrawal Process, I couldn't take the bonuses of course because I didn't finish their requirement but I get my deposit amount + about 120% Profits, the Money were in my Paypal account after about 1 business day.
but I found their Platform need more development, for example it's never save your chart zoom level so I need always to fix the chart zoom.
PLUS 500 SCAMMERS!!!!!!!!!!!!
PLUS5OO SCAMMER !!!!! Please, report their activities by using following link :http://www.actionfraud.police.uk/report-a-fraud-including-online-crime-questions
My case stretchs more than two years, contacted FCA,FOS,CYSEC ..... at the end it was reccomended to me to go to the court.
Please, report everything about their crime methods !!!!!!!!!!!!!!!!!!!!
Dec 31, 2015 - 1 Star A Big Scam....!!! Warning!!! Warning!!!Warning!!! Warning!!! After asking for conditions and limits I became this answer: Please note that there are various different limitations that we must place on customers' trading accounts, with respect to to our AML (anti money laundering) policy and in order to provide all our customers with equal trading opportunities. These limitations vary from monetary limitations to trading limitations.
Please take into consideration that these limitations exist and you may encounter them while trading, hence we strongly suggest you to build your trading strategy around them.
Unfortunately, we cannot specify the details of these limitations, since first of all, it is internal company information we are not able to disclose and secondly, since the limitations change according to customer account settings, trading instruments and other criteria defined by our providers.
What does it mean ???? They can do everything with your money, but you cannot know the conditions in advance !!!! It is secret !!! For you too, although they have your money !!!
There exist no oficial graphs, you have to install their software into your computer . Why ? Because than you have no comparison ! It does not exist in fact ! Believe me, I lost here everything. And I please you to like and share this information however it is possible, PLEASE !!!