Hi all, very bad new...
My account now has only 22,000 SGD available. It reduced from 100,000 to 22,000 after 1 night (They said that I violated their rule, so the profit which comes from scalped transactions is void) . Nightmare!
Dear Pharaoh,
I have sent emails and invited them to discuss in this thread. It's more than 2 days from my last email but no reply.
And all previous emails, they kept saying about scalping but each time, they cited from different sources (wiki, investopia, User Agreements) and their arguments...
Dear all,
After successfully withdrew 12,000 last week (it took 5 days to withdraw successfully), I did no transactions. This week I withdraw another 12,000 but Plus500 cancelled my order and restricted my account again with no further explanation. So scam and so unacceptable.
I wrote an...
Hi Pharaoh: They restrict the maximum amount for each withdraw, and it is 12,000 SGD. It means I only can cash out 12,000 each time. I am not sure that this is their policy for me or for all other investors.
Eddiger: Could you tell me more about the bad sign, I don't get it. Thank you...
To update:
They have reactivated my account and I cashed out 12,000 successfully. But I will not close this thread until I can withdraw all of my money. It still has more than 100,000 left.
To be honest, I am not sure about which branch I registered with. Because I just opened the account on the domain plus500.sg but I think the branch I registered is Plus500UK. All of the emails I received up to now have the signature of Plus500UK, 359 Goswell Road London. I know Plus500 is...
To update.
I received emails from Plus500. They said I violated point 25.1.3 and 25.4.3 of User Agreement about Market Abuse & Scalping. But, so funny, in the User Agreement, there are not point 25.1.3 & 25.4.3. The link is below:
http://www.plus500.com/Docs/Plus500/UserAgreement.pdf
That...
Yes, now I don't trust them anymore. The emails they sent to me are likely copy-paste emails. I search in google and see a lot of the others also received the same email. I think they really do not consider my case..... because without any warning they suddenly restrict my account. Everything is...
Moreover, almost emails that I've received are likely the automatic emails. I searched in google and a lot of others also received emails like this. They really don't consider my case, they just send a copy-paste emails. IT DOES NOT MAKE SENSE when they only email me 1 time without any warning...
Hi everyone, I am having a big big big problem with Plus500. I started trading in their platform last month and now my account has more than 100,000 SGD ( exactly is 113,538.82 SGD) and now I cannot withdraw any money out. They said that my trading method is "scalping" but almost of my positions...
100,000 SGD cannot withdraw with Plus500
My account with Plus500 is 38999062 (tung1@e.ntu.edu.sg). I open to trade Bitcoin in there. After 1 month now my account has more than 100k SGD (exactly is 113,538.82 SGD = 90,787 USD). I withdraw 12000 SGD on Friday but immediately they emailed me on...
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