I have had experience trading Commodities and Futures in Singapore and was drawn to Plus500 due to the leverage. I had no problems whatsoever with my trading strategy at other platforms. Registration was simple and I verified my documents.
Subsequently, I made profits with a total balance in my account amounting SGD$73,187.34. Initial investment was SGD$10,000 with a SGD$330 bonus. My account was limited due to scalping activity and my withdrawals capped at the initial investment made. I have recently read about several such similar cases as I was worried about recovering my money.
Firstly, refunding me the initial cost still results in a loss for me due to exchange rates and charges incurred by third parties such as Skrill for the refund. Secondly, I took on a substantial amount of risk in order to achieve such a profit. As with every investment, the greater the risk, the higher the reward.
As such, I am requesting that the full amount be refunded back to me, including the profits I rightly deserve for taking on such a big risk.
Please advise me on what legal action can be take from here on. Thanks!
Subsequently, I made profits with a total balance in my account amounting SGD$73,187.34. Initial investment was SGD$10,000 with a SGD$330 bonus. My account was limited due to scalping activity and my withdrawals capped at the initial investment made. I have recently read about several such similar cases as I was worried about recovering my money.
Firstly, refunding me the initial cost still results in a loss for me due to exchange rates and charges incurred by third parties such as Skrill for the refund. Secondly, I took on a substantial amount of risk in order to achieve such a profit. As with every investment, the greater the risk, the higher the reward.
As such, I am requesting that the full amount be refunded back to me, including the profits I rightly deserve for taking on such a big risk.
Please advise me on what legal action can be take from here on. Thanks!