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Plus500 Ignore my email & never proceed my withdrawal request

Discussion in 'Scam Alerts' started by hlt0318, Aug 12, 2015.

  1. hlt0318

    hlt0318 Recruit

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    Hi,

    I requested a withdrawal MYR3,000 since 30th June 2015, after a week, i emailed help support rgd of it and they did reply me, and...


    User photo Mariya
    Plus500 Support
    Hello Hwa,

    I would like to inform you that your query was forwarded to the relevant department. Please be assured that you will be contacted as soon as I receive their answer.

    Thank you for your patience.

    Regards

    Mariya
    Customer Support
    Plus500CY Ltd
    1 Siafi Street
    3042 Limassol

    Plus500CY Ltd. is registered in Cyprus (registered no. HE33382) and is authorised and regulated by the Cyprus Securities and Exchange Commission. Registered Office: Modestou Panteli, 4 Mesa Geitonia 4003 Limassol, Cyprus.

    This e-mail, and any files transmitted with it, are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this e-mail in error, please notify the sender. This e-mail and attachment has been screened for viruses on sending, but you should screen them again on receipt. Plus500CY Ltd does not accept any liability for any damage caused by any virus transmitted by this e-mail.

    July 24, 2015, 11:31


    User photo hwa lun tan
    Hi Mariya,

    Again copy and paste massage, I will bring this case to FPA court or FCA if I can't receive my withdrawal via paypal by Friday 31th Jul 2015, this is ridiculous slow and so inefficient, I don't think they are actually view in my case but just ignore like many others complaint on the internet. I want it to be done by next friday!! and please check the forum http://www.forexpeacearmy.com/forex-forum/search.php?searchid=2134174 they know how to deal with.

    Rgds

    July 25, 2015, 10:53


    ever since that email, I never receive any email reply from them, and I keep emailing them twice a week to remain that request or it would be treated as solved.

    I need some advice what should I do next since this happen.

    Thanks & Regards
     
  2. FxMaster

    FxMaster Lt. Colonel

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    Three steps that you must follow

    1st - Invite them to join this thread via email (Send email to every possible address).

    2nd - Go to their website and invite them to here via Live Chat.

    support@Plus500.com

    3rd- Go to their Social media pages and share your STORY and Link of this Thread as a comment on latest post.

    Social pages are

    https://plus.google.com/108703886866723689427/posts

    https://twitter.com/plus500

    https://www.facebook.com/Plus500/timeline


    Also share your review at FPA Review page here Plus500.com Review - Forex Peace Army



    PS: We want your votes at open cases, check this section FPA Open Cases and votes for Guilty or Not Guilty.
     
  3. Pharaoh

    Pharaoh Colonel

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    Also, complain to Cysec and the Cyprus Financial Ombudsman.
     
  4. hlt0318

    hlt0318 Recruit

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    There is something ridiculous happened, i opened my Plus500 account this afternoon and found my withdrawal request no longer there and the money never back to my account, just disappear, and my available balance as i check last Friday is RM5200++, now become RM673. I didn't receive any email and notice. I just contact their support regarding the issue, and warn them if not settle this by tomorrow I'll post this on their page like facebook and twitter everyday.
     
  5. hlt0318

    hlt0318 Recruit

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    upload_2015-8-17_20-9-12.

    I found this from my account funds management monetary history. It shows the system adjustment which minus the amount from my available balance and my withdrawal request was cancelled. How can they simply took away my balance without informing nor giving a reason?
     
  6. hlt0318

    hlt0318 Recruit

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    Hi,

    This afternoon while i opened my Plus500 account, i found my available balance become RM673, it was RM5500+ last Friday after my last trade, and my withdrawal request which pending for more than 6 weeks was gone too.
    [​IMG]

    I found this monetary history that shows the money was taken by the system, and it also shows that my withdrawal request was cancelled.

    upload_2015-8-18_5-20-0.

    from image above, it shows that I left RM8,192.24, should be more than that actually.

    upload_2015-8-18_5-19-20.

    And now I only left RM673

    Plus500 simply took away my balance without informing nor giving me a reason.
     
  7. hlt0318

    hlt0318 Recruit

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    Hi Pharaoh,

    I saw your reply of my thread on my email but I could't find it in this thread, I created new thread with titile <<PLUS500 took my available balance w/o informing >> but I couldn't reach there, it's mixed together with my previous thread <<
    Plus500 Ignore my email & never proceed my withdrawal request>>

    and I don't know how to invite Plus500 to join this discussion nor live chat.

    Could you please lead me?

    Thanks & Regards
     
  8. Bruckner

    Bruckner Recruit

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    I am not defending +500, but scalping is not allowed on this platform. According to your closed positions screenshot, you've made money by scalping (keeping a position open less than 2 minutes). All the proceeds made from scalping are canceled.
    You should read the User Agreement before trading.

    25.1.4. You will not enter into any Transaction which falls within the definition of Scalping or automated data entry system. Such Transactions will only be permitted with our prior written consent. Accordingly, a significant number of transactions with short duration may be deemed as abusive trading and will not be allowed; in such circumstances we reserve the rights to void/cancel part/all your abusive trading transactions, close all and any of your Trading Accounts and terminate the Client Agreement under Section 22.5 or Section 22.8.
     
  9. hlt0318

    hlt0318 Recruit

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    Yes I do aware of scalping :
    ========================================================================================
    Hello,

    Thank you for contacting us.

    Each case is considered independently. Nevertheless, that behaviour does not fit entirely the scalping definition on which it states that it is "a significant number of transactions with short duration".

    Be aware that we are not encouraging to take any trading decision. Unfortunately, we do not provide any guidance or consultation on how to trade - we merely provide the platform.

    Should you require any further assistance, feel free to contact us.

    Regards
    Daniel
    Customer Support
    Plus500CY Ltd
    1 Siafi Street
    3042 Limassol

    Plus500CY Ltd. is registered in Cyprus (registered no. HE33382) and is authorised and regulated by the Cyprus Securities and Exchange Commission. Registered Office: Modestou Panteli, 4 Mesa Geitonia 4003 Limassol, Cyprus.

    This e-mail, and any files transmitted with it, are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this e-mail in error, please notify the sender. This e-mail and attachment has been screened for viruses on sending, but you should screen them again on receipt. Plus500CY Ltd does not accept any liability for any damage caused by any virus transmitted by this e-mail.



    hwa lun tan, Jun 2, 14:18:
    in this case, during the period of huge volatilities, for example i open a position and close within a minute, would it against the rules? because i normally trading during US data released.

    thanks & regards


    Daniel, Jun 2, 13:48:
    Hello,

    Thank you for contacting us.

    The term “Scalping” is classified as a form of Market Abuse, which is illegal, and is referred to in Clause 25.1.3 of our User Agreement. Briefly, this Clause states: “you will not enter into any transaction which falls within the definition of Market Abuse”.

    Scalping is not specified by a specific span of time between opening and closing of a position it is defined by "a significant number of transactions with short duration".

    Any trader suspected in using such a trading method or any other foul use of our platform will have his trading account immediately terminated and all, if any, positions will be made void.

    You could find out more about scalping here;http://www.investopedia.com/terms/s/scalping.asp#axzz206Wf4gw0
    http://en.wikipedia.org/wiki/Scalping_(trading)

    Should you require any further assistance, feel free to contact us.

    Regards
    Daniel
    Customer Support
    Plus500CY Ltd
    1 Siafi Street
    3042 Limassol

    ===================================================================================

    They also said the word "majority", I did count all my transactions, very less was within 2 minutes. however they cannot simply take away without informing and not giving any reason.
     
  10. Bruckner

    Bruckner Recruit

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    I responded based on that screenshot and assumed you've closed multiple positions within 2 minutes. If you've followed the rules, I guess you should go ahead and forward a complaint to CySec: http://www.cysec.gov.cy/en-GB/complaints/cifs/
    Good luck!
     

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