About a Promising Broker Plus500 Is It a Scam?

For example, if a broker has received three reviews on a website and all of them are negative, it does not mean that the CFD broker is actually a scam or that the provider is dubious. We try to differentiate in every evaluation of the broker’s services and thereby determine what is really to be thought of the opinions. On Macdougallecology.ca it is primarily about informing readers about reputable providers in the areas of Forex trading, online casinos, CFD trading and many more.

The company created a solid foundation for further development. The development strategy of the company has several advantages over competitors and contributes to the further progress of its activities. Plus500 marketers predict that the company will continue to be a key player, attracting new customers, and maintaining the loyalty of current ones.

As a regulated company, Plus500 must follow all relevant rules and regulations. In return, Plus500CY Ltd, the provider of Plus500, promises to secure the money invested. Plus500 finances itself via spreads, i.e., using the difference between the buy and sell price, which is always expressed in pips. The investor pays these pips against each purchase and sale to Plus500CY Ltd. When positions are held overnight (overnight funding period), additional fees may apply.

Who knows, maybe very soon you will be able to earn big money because everything is possible with cryptocurrency. During our check for seriousness, we also examine everything that has to do with direct contact with the company and provider. In any case, this also includes support and customer service for us. We have therefore also dedicated a part to this part in our section of the background check. We will discuss which contact options exist with the support team of the respective broker. In addition, we name the times when employees are available.

A great feature that Plus500 offers its users is their proprietary mobile platform. This trading app allows account holders to access and trade via their smartphones and other mobile devices. The mobile app works on Windows, iOS, and Android systems in its various versions.

Plus500, reviews indicate that delays are very rare and in most cases all transactions are timely. That type of Bitcoin brokers allow trading without ID verification. Usually traders only need to provide an email, password and select their country of residence at signup.

Great platform

The broker is licensed by FSA, CySEC, ASIC, and the parent company’s shares are listed on the London Stock Exchange. Immediately after registration, you can open a free demo account with plus500 minimum deposit and no time limits for its use. Account replenishment is carried out through standard means. On the Plus500 withdraw page in your account, you will see a list of available methods.

It did, however, warn that the second quarter of the year is typically quieter and it expects its financial performance will be affected by its recent problems. The financial ombudsman cannot intervene, and certainly the financial regulators will not help the victim. Based on our observation of this company, we can comfortably conclude that this company is a reasonably dangerous entity and dealing with them will most likely result in a financial loss. Product reviews help the rest of us make great decisions. Easy to use for me, all costs and fees are displayed in a very nice way, nothing hidden and at the same time no mess of numbers.

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Plus500 is a reliable CFD broker that offers traders a user-friendly platform. The principal offering of Plus500 is Contracts For Difference (CFD), which is delivered via its proprietary trading platform through the web and other electronic channels. The best thing about the broker is that it is regulated by several relevant regulatory bodies. Just like many other CFD brokers, Plus500 too does not accept U.S. clients.

After you create your Plus500 login ID and password and complete the registration, you can deposit funds to start trading. Plus500 withdraw and deposit options include visa card, bank transfer, PayPal, Moneybookers, Skrill. It is difficult to entice experienced traders to fraudulent resources because their experience allows them to accurately identify and avoid scammers. However, for a beginner, such a task is not an easy one, which is why they are the main suppliers of money to scammers. Newcomers and newcomers to the world of CFD trading are usually afraid to start directly with a high deposit.

The only difference between standard and CFD trading is that you don’t own the underlying asset. In Limassol, Cyprus, they offer the platform with its financial products to the European Union under the brand Plus500CY Limited. The business operations of the platform are headquartered in London under the Plus500 Limited company. With a strong financial balance sheet and fundamentals audited and regulated by the LSE, the company is poised for continued expansion and international growth. Plus500 is a major broker controlled by three regulatory organizations, which strictly punish for any violations.

Customer service

In each of our tests, we also asked a few easier and harder questions and requirements for the support team. This allows us to convince ourselves of the achievements of the employees themselves. The processing of our requests is also included in the evaluation. This includes both the quality of the response and the speed at which we were able to make contact. In addition, in our opinion, support employees must be competent and friendly in order for this to be an excellent support. Plus500’s research amenities are not extraordinary; however, it does provide access to the economic calendar which is highly useful.

Some people have turned into victims because they innocently provided their contact address and the scammers somehow convinced them to transfer huge sums of money. Investors are advised to do a thorough review of any forex https://forex-review.net/ company before any transaction. We are reviewing an unregulated broker or investment company that is known for stealing from its clients. Plus500 is a large and impressive organization with deep pockets and solid finances.

My Services

The following overview should help you to find the best broker with the most individually suitable offer. By clicking on a logo you can go directly to the corresponding test report. The firm said it intends to use the proceeds from the collective fund raising to invest in its product portfolio, as well as its delivery and sales capability over the next 12 months. Such a letter is issued by the FDA when it has completed its review of an new drug application and questions remain that preclude its approval. Plus 500 revealed also that revenue, at US$107.9mln, for the year to date now exceeds the total generated for the whole of the preceding year.

• This trading app allows account holders to access and trade via their smartphones and other mobile devices.
• For those who have high-level trading experience, the platform provides real time updates around the world, which is ideal for experienced traders.
• The list of asset groups for trading includes cryptocurrency, stocks of companies, Forex, precious metals, agricultural products, oil and gas, and indices.
• The overviews are too small to be able to make good decisions based on the courses.
• A demo account allows risk-free and free experimentation.

Then there is this group of brokers which don’t allow fiat money deposits or withdrawals. At such trading sites users can only deposit and withdraw Bitcoin (BTC). Among those CFD brokers there are some allowing fiat money deposits. In that case ID verification is mandatory in order to be allowed to trade on those platforms. The website is simple, informative, and easy to navigate.

A demo account allows risk-free and free experimentation. The trading environment / application is supported on various platforms – iOS, Android, Windows, MacOS, but also on the web without the need to install any application. The environment is simple, easy to use and, above all, easy to learn. New suspicious platforms identifiedBelow is the AMF’s updated list plus500 forex review of websites operating illegal trading platforms in Québec. The 19 platforms most recently identified as suspicious and which are not authorized to market or offer investment products and services in Québec appear in bold. Plus500 only offers individual trading accounts, and not institutional trading accounts, which can be opened on other CFD trading platforms.

Businesses

Binary options are like “bets” and the suspicious platforms offering these products are similar to on-line casino sites. Investors are usually asked to bet on the performance of a currency, market index or stock in the short term—often just a few minutes. When that time is up, the investor receives a pre-determined payout or loses his bet. It’s an “all or nothing” proposition, a little like a game of chance. Even when investors earn “virtual” gains, they often cannot pocket the rewards. In the left column of the card current quotes are indicated, and a graph of the movement of value with the ability to select a time period is displayed.

They are adamant in not having any exposure whatsoever either to sovereign debt, corporate debt, or retail clients. This is how they are confidently able to provide their clients with a secure, safe trading environment that relies on state of the art trading and operational technology. Customers receive an added protection as they are all safeguarded by the United Kingdom’s and Cyprus’ investor’s compensation schemes. We would be really thankful if you share with us more details behind this review since we strive to provide best service to our customers.

Plus500 has clients in more than 50 countries and provides them access to a comprehensive CFD product line, including Forex, shares, commodities, stock indices, cryptocurrencies, ETFs and options. It’s worth mentioning that Plus500 is the first broker who has introduced a Bitcoin CFD in the year 2013. Plus500 offers 2800+ CFDs on its simple yet functional trading platform, along with competitive spreads and no commissions.