Problem 100,000 SGD cannot withdraw !!! Big Big Big problem with Plus500

[undertaker]

IMO, FPA is the best forex forums among thousands. There is a Scam area and a dedicated admin

 

[henyo]

why does the email only appear once you file for a withdraw? smells fishy! I dont like it at all. pls do keep us posted on the steps taken and what happened! I really hope you guys get your money back and the amounts are not small at all! best of luck

 

[bizz]

Any updates? Sounds really really bad.

Even worse - no comments from them?

Scalping? BS. Plus500, why not just code interface to prevent traders from closing positions within 5 minutes?! It's few lines of code.

Disappointing.

Plus500 Ltd - London Stock Exchange

 

[Adrian M.]

Same thing is in InstaForex! They cancel most of my orders due to scalping. In their regulations&terms scalping is closing position in less then 10 minutes.

 

[twister360]

had an account with plus500 , there was no problem in withdrawing since i was small fish , 200 euros but i did notice weird situations with their live charts , i kept asking myself were to they get the live feed from , point is , im done with them for good , unfortuantly there arent any better ones out there with the variaty offered by plus

 

[kweiss10]

Are there any new developments? How did things turn out? I am very interested as I like the easiness of plus500

 

[Pharaoh]

They got fined for over £200,000 by the FCA in October. From what I've read, this may not the the end of their problems.

 

[havikshorst]

plus500

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.

Undertaker: Hope that they wouldn't do that... or I will take further actions. It is totally unfair if they take money from the losers and does not pay for the winners.

Hello Hoang Tung ,


Did you get all your money out off the plus500 account in the end ?


Greetings havikshorst

 

[undertaker]

This topic is very old and I think the trader was scammed.

 

[Sensei1]

The thread starter did get his money back but after several months of painful waiting and fighting with plus500. You can read more here:

Your Capital at Risk Part 8: Scalping | Cable Car Capital LLC