58 reviews of Plus500 are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
Plus500 is not a broker,
it gives the illusion it is one.
No real transaction occurs in their real money mode.
They simply keep your money,
use large spread and prevent people from withdrawing,
ALL IS in order to make you give up or think "oh doe, i'm a bad trader".
In the end, the have several means to steal trader's money since 2009, and apparently they succeed.
The cyprus branch is "regulated" by a ghost association (cysec),
and sometimes they allow trader withdrawing their money.
Avoid Plus500 at all cost.
Been trading with plus500 for 1 year.
In the past also used easy-forex, etx, etoro and fxcm. Had no problems with plus500. They seem honest. Have made plenty of withdrawals with no problems.
The webtrader is the smoothest and fastest ive seen. Very easy to see charts and to set TPs.
I really do like the product. It is pretty to use. They reply my emails on time and I think as platforms go they are one of the best out there.
I made an account with a free £20 bonus, I made around £400 and decided to withdraw the money, but the closed my account soon after they saw the profit I have made.
Stay away from plus500. The only reason they offer bonuses is to entice you and because they know they will get it back with all your money. If they were honest, they would say, "unless you are an inside trader, you will definitely lose all your money". I believe that the positive feedback is mostly posted by caricatures.
STAY AWAY FROM PLUS 500!!
I made a withdrawal request of $500 yesterday and they just cancelled my request and the amount is returned back to my equity as well. I emailed them and getting a nonsense and vague reply!! My money is not credited to my account and these THEIVES are not responding to my emails as well
Far away from this thief company,they just disappeared 270 euros for my account.
Can't withdraw funds! First the excuses about documents then once you do that its the banks and processing times in the mean while they are sending emails 9f "account upgrades" NO CONTACT NUMBER! stay far away from this SCAM
they are scam.As when i begin trade with them.there was no minimum lot limit.but after 3 days they limited minimum 5000 euros lot size with 1:50 leverage.So it means you cant do tarde with less than real 100 euro per lot.other thing that they did not give bonus after it execute.As after 50 points of trade my bonus of 30euro was executed but not added to my balance.So its fraud
STAY AWAY...totally a very clever scam company....when you loose everything its ok but IF YOU WIN...without reason...without warning they will just block your account...as happened with me and many users who have won
I had a pretty good experience using plus500, their account verification process is fast and the withdrawal is also considerably quick. I used PayPal as payment method, deposit were made instantly and the withdrawal took 3 days, exactly as their customer support advised. All transactions went very smoothly, without any hassle at all. Their customer support always responded to my queries within 12 hours. The the platform is the only thing that they should improve rapidly, especially the graphs and the indicators.
These guys are useless.
To everyone saying that us people are just sore losers, I can't see how that applies to most people as they've turned a PROFIT and were unable to withdraw it.
I've made one successful withdraw a few months back, went to do the same a few days ago and logged on to the platform to see it had been cancelled. No email informing me at all!
Sent an email to their "customer services" department but as I've had dealings with these cretins before (for my ID), I decided to visit the FSA website to get their number.
The guy on the phone seemed insulted that I'd even call them up with a problem/question and was as useless as all the other people working for them.
I personally wouldn't go with these guys, just because they are registered with the FSA doesn't mean they care about your money, think high street banks...
Also, if you check the FSA website, they were fined over £200,000 as a disciplinary.
Yeah, these guys are fantastic and honest CFDs...
For those of you who can spot sarcasm. don't sign up to these guys.
Can anyone guide me to withdraw my money. I deposited about $4,000 and I made about $1,500. I tried to withdraw my money. They said money was wired transferred to my account but it's not in my account and it's more than a month. Plus, they stopped replying me back? Please advise.
I have recently started out with plus500, the "money account". I have read all the negative reviews and was pretty scared that I would loose my deposits (2000 Swedish kronars).
So I contacted FSI, got the officenumber to plus500 and called them up; I talked pretty angrily and strict with them to see if I could spot something suspicious. Everything sounded good but I was still not sure....
Anyways I thought to myself that 2000 kr wasn't that much anyway, and because their platform is great I was willing to take that risk.
After two days I was on 4 825 kr (thank you DELL&HP) and tried to withdraw the money (2 825 kr). The withdraw stood on "pending" for about 2 days so I called them up, again...speaking very strict, and asked them why my money hasn't arrived yet. They told me that their office was closed (the time was 23:54 gmt, so I don't blame them).
Anyways, the next day I got an email that said "withdraw proceeded (settled)". I also read that it would take a couple of days to get the cash....so I waited. Today the 2 825 kr had arrived in my bank account. A big stone has lifted from my heart...PJUHH!
Btw I did read that Plus500 hated scalping (even though they didn't describe how long time would define a scalp....that's really bad), so I was really strict with not making any "minute long" investments.
Well Well, plus500 has worked for me atleast
Great luck to everybody
Let's concentrate on the upcoming earnings season (oct-sept)
Note to people with bad comments... If you walk in to your bank and ask them for 500 (pounds,euros, dollars) they would ask you to prove you are you. Same here. I'm happy they don't give my money to anyone who asks. I deposited £400 about 18 months ago and it dropped to £240 (my own fault) so I asked to withdraw it. They asked me for copies of c/card, passport etc. I scanned the documents and sent to them, next day they approved my withdrawal and 5 days later the money was in my bank. I have now re-deposited some money in and continue to trade (up some weeks, down the next) in the hope I will discover some hidden secret to make me a load of money. I have no other broker to compare them to but I hope they all do checks before sending money out!!!
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