Plus500 / Plus500 Trading has been flagged by Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Carrying on unlicenced capital market activities of dealing in derivatives This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Plus500 / Plus500 Trading has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
For anyone considering Plus500 / Plus500 Trading, please be aware that this company has been flagged by Securities Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
I invested $3,500 with Plus500 / Plus500 Trading after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Securities Commission.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics