October 2012: Plus500 fined over 200,000 GBP by the FSA
Other websites of this company include www.plus500.co.il
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Charges premium fees (hidden fees) SCAM
This is one of the smartest scams that I saved myself from by actually reading their terms and services.
I saw their advertisement:
i started wondering what's the catch
so here's the catch:
if you buy $500 worth of Facebook stock (example)
Every day at 8 Am you have to pay them $10 premium fees ( CRAZY ) so every day you are losing $10. The customer services ( live chat) employees are trained professionals and they will never tell you about this. It took me 30 minutes of discussion with live chat before this guy finally admitted it.
alright people u really need to cool down and read carefully ,,
as a broker what i see this company as the worst company that brovide a really stupid platform for people to trade
what people should not just because they see this company should trade i already tried to many companies all of them are scammers
for plus 500 they always frooze my winnigs and my closed position until i got 0 in the account althoug i am from israel and the company located here but still stupid as s*** company they have also low leverage they say we give bonus and no bonus givin ... the chat agents are so stupid u want to smack the s*** out of them althoug i lost 300$ but i tried the best company and regulated company out there and still no no for plus500 people go waste your money on something eles all the companies are scammers and i alreaady put review in israel department and also in fca thank u have a good day dont trade in plus500 and in any forex company
i bet $500 on bitcoin and next day nothing was in my acct when i asked customer support they havent provided me anything said unfortunaletly i lost all my coins... this os totally rip off!!!!
Enormous delays for affiliates and they will not give any commission unless you bring them 180 days traffic non-stop. They are just scammers.
Plus500 does not provide fair trading but scam!!!
Scam, stay away from Plus500 if you want to save your money.
I have been trading there Plus500 over a couple of months but the Platform has often held freezing condition, especially on Cryptocurrency stocks. When the platform holding such condition, traders can do nothing although the fluctuations is still working.
I have complained several times but they said that it is Force Majeure Event and Plus500 is not liable under conditions. It's just traders' responsibility and risk although the platform does not allow traders anything including closing that position. Due to the disability I have lost huge money, but refused to give me the money back. I believe it is break the regulations of FCA that Plus500 does not provide fair trading to their customers.
Therefore I have emailed to FCA and FOS to file my complaint.
If you have experienced like me you should email to complain to Plus500 to get the money back first. You may be refused to get the compensation for the loss from Plus500 then just do file your complaint on Financial Conduct Authority (FCA) and Financial Ombudsman Services (FOS). When the complaint is filed and filed, both FCA and FOS promptly start investigating the issue.
You should also share your case at forex peace army or another SNS to deal with as a class action against Plus 500.
Plus500 is seriously scam.
So it is my experience in more 500 is supposed to leave with lost between 5% and 10%, plus 500 if one invests any amount example 200 dlls in any pair or comoditi you can not put lost loss of loss 5% O 10 % If not the stop loss is 100% or if you want to leave with loss will be with 100% with 50% and that is regulated.
They remove CFD when they want and then put them losing their money as in AMD they removed it and in 5 months they put it ,EQUAL IN CFD OF GREECE.
Plus500 worst brokerage company there is
Please stay away from this plus500 with your hard earned money. They will close your position before prices reaches your stop loss and they will close your winning trades before they are able to run. This is the worst trading broker there is, it is terrible. I am warning you guys that this platform is absolutely terrible, just look online at the horror stories of plus500. Their support is completely useless and i doubt they even take into consideration your issue. I am in the process of filling to the FCA and Cyprus as well as placing a scam alert on forex peace army and anywhere else i can get my voice heard. Please i am warning the traders STAY AWAY FROM PLUS500 !!!!
Stay away you have been warned, unless you want to lose your money
They are 100% a scam company, soon as you make a lot of profit they will close your account and find any excuse to limit your account, I made a lot of money in 2 months, I was registered and verifed last year, I made losses as well, they will be wait for you to get near your maintenance margin and restrict you from despositing any funds so you lose all your money, horrible customer service, talk to you like you have done something wrong when all you want is some help, they can't help and advise you to email a senior staff and that can take days for a reply, I was happy with them at first but soon as I got better and learnt from my mistakes and started doing things right, they didn't like that, spent weeks gettting an answer to my numerous emails to customer service, in the end I called FCA and the Ombudsman, and they gave me the direct number for the headoffice, FCA are now investigating the matter, if you need to call them the number is 020 3876 1641, Ask for Michelle West or Mark Winton and also escalate your complain to FCA. Please don't fall for this scam like I did.
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?