plus500 deposit problem started 2/18/2021

jayh5

Recruit
Messages
3
Anyone else or have previously experienced DEPOSIT problems with +500 broker? I deposit/withdraw often, now im thinking they are just trying to annoy me for that reason, i can imagine they are making more money when traders keep their funds on the platform.

Right now 5 days passed, they tell me it’s a problem with their bank (“processor”); not clearing the payment.

how likely is it they’re telling the truth or are tricking me?!
 

RahmanSL

Major
Messages
2,732
Your question is best replied by the Representative from plus500 whom you should invite to come to this forum.
 

jayh5

Recruit
Messages
3
Thanks Rahman, well they are processing it now finally. Pretty sure they’re deliberately counteracting their clients, for anyone reading this only use plus500 to learn trading (papertrade with demo) and small amounts of money to get the hang of trading then move to a real/legit/professional broker like ib, peace.
 

FxMaster

Lt. Colonel
Messages
9,881
Anyone else or have previously experienced DEPOSIT problems with +500 broker? I deposit/withdraw often, now im thinking they are just trying to annoy me for that reason, i can imagine they are making more money when traders keep their funds on the platform.

Right now 5 days passed, they tell me it’s a problem with their bank (“processor”); not clearing the payment.

how likely is it they’re telling the truth or are tricking me?!
Not in favour of the broker but Bank wire take up to 10 working days, sometime it will arrive within a couple of days.
 

4evermaat

2nd Lieutenant
Messages
2,027
Not in favour of the broker but Bank wire take up to 10 working days, sometime it will arrive within a couple of days.

but even in those very rare cases, the sending bank can always provide a transfer report with important info about the transfer. This also proves that the transfer actually took place.

Bank wires are 1-5 business days to most developing countries. OP has not stated what country their bank is located in.

No one studies the business model of the broker BEFORE they make their deposit. Caveat Emptor.
 

FxMaster

Lt. Colonel
Messages
9,881
but even in those very rare cases, the sending bank can always provide a transfer report with important info about the transfer. This also proves that the transfer actually took place.

Bank wires are 1-5 business days to most developing countries. OP has not stated what country their bank is located in.

No one studies the business model of the broker BEFORE they make their deposit. Caveat Emptor.
Waiting for the reply from OP as well regarding the update.

@jayh5 , Can we have a update on this, please?
 
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