Plus500 is a well known Forex broker that attracts new players with a
no deposit bonus of $ 25. That means that you register at Plus500 and
your account will be credited with $ 25 without making a deposit. This
is a very good offer for newbies although you can’t do that much with an
amount this small. And on top of that: Plus500 is not known as the most
reliable broker to say the least. There are a lot of scam accusations
recently.
First of all, Plus500 seems not to be registered properly at the International Financial Services Commission.Forexpeacearmy doesn’t call Plus500 a scam and there are some larger sites that promote Plus500. This sounds good but there are plenty of scam complaints you should worry about:
One trader explains that the spread is always one Pip higher as it’s supposed to because Plus500 closes the position one Pip lower than the platform shows. Other trader claim that credit card information have been misused.
Obviously there are extraordinary complaints that accounts have been closed when traders were realizing earnings. Plus500 claims that they were trading against the TOCs and Plus500 has the right to close accounts when that’s the case. This is something you won’t hear about eToro.
Forexrealm calls Plus500 a scam. But you have to add that Forexrealm is only based on trader reviews and the sample size is not that big. So if 20 fake reviews from competitors appear it can be highly influencial.
Nevertheless most of the opinions go in one direction. There’s no real proof but lots of complaints that show that there’s something wrong with this broker. He very fact that Plus500 is not regulated by the IFSC is reason enough to be suspicious and better stick with another Forex broker. There are too many other options that you have to go with Plus500.
First of all, Plus500 seems not to be registered properly at the International Financial Services Commission.Forexpeacearmy doesn’t call Plus500 a scam and there are some larger sites that promote Plus500. This sounds good but there are plenty of scam complaints you should worry about:
One trader explains that the spread is always one Pip higher as it’s supposed to because Plus500 closes the position one Pip lower than the platform shows. Other trader claim that credit card information have been misused.
Obviously there are extraordinary complaints that accounts have been closed when traders were realizing earnings. Plus500 claims that they were trading against the TOCs and Plus500 has the right to close accounts when that’s the case. This is something you won’t hear about eToro.
Forexrealm calls Plus500 a scam. But you have to add that Forexrealm is only based on trader reviews and the sample size is not that big. So if 20 fake reviews from competitors appear it can be highly influencial.
Nevertheless most of the opinions go in one direction. There’s no real proof but lots of complaints that show that there’s something wrong with this broker. He very fact that Plus500 is not regulated by the IFSC is reason enough to be suspicious and better stick with another Forex broker. There are too many other options that you have to go with Plus500.
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