Master Yoda
Captain
- Messages
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Not yet. I sended to FOS and cysec.gov.cy
If you got no reply so you better call them (the regulators), they have a phone line
Please try to select the correct prefix when making a new thread in this folder.
Discuss is for general discussions of a financial company or issues related to companies.
Info is for things like "Has anyone heard of Company X?" or "Is Company X legit or not?"
Compare is for things like "Which of these 2 (or more) companies is best?"
Searching is for things like "Help me pick a broker" or "What's the best VPS out there for trading?"
Problem is for reporting an issue with a company. Please don't just scream "CompanyX is a scam!" It is much more useful to say "I can't withdraw my money from Company X" or "Company Y is not honoring their refund guarantee" in the subject line.
Keep Problem discussions civil and lay out the facts of your case. Your goal should be to get your problem resolved or reported to the regulators, not to see how many insults you can put into the thread.
More info coming soon.
Not yet. I sended to FOS and cysec.gov.cy
I had new messages
Dear Customer,
WITHOUT PREJUDICE
We have undertaken a review of your file and trading record which indicates that your manner and/or method of trading is classified as “scalping”. 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…”.
International regulatory authorities also consider such transactions as market abuse and have recently levied a number of fines.
Plus500 may also exercise its right to be indemnified under Clause 28.7, which reads as follows: “You shall hold us harmless in respect of all liabilities which we suffer or incur as a direct or indirect result of a breach by you or your obligations under the Client Agreement”.
Accordingly we will take steps to cancel the results of any trading which are considered to have been achieved through scalping and close your account.
The term “scalping” is classified as a form of Market Abuse, which is illegal at Plus500.
i have same situation with you and they send a exactly same article email to me. they send this mail on 11/11/2014 but no progress they had done.