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It is 100% scam
I lost my $1000 in few hours. I'm gonna sue them and my lawyers team is working on it and have collected plenty of evidences. Its always play against you and prices are manipulated and modified always against you but market prices are different .They are cheating innocent people.
The worst CFD Trading platform
The worst customer service and least transparent CFD trading platform. I have used different platforms but this one by far is the worst and closed down my account; never willing to go back. Do yourself a favour and stay away from Plus500.
- Verified customer
They do shut the website and doesn’t let log in , when u trying to maintain it
I’ve spent $6000, reach it to $1000, then it went up and down very fast and I lost all $9500, I was about to add more money to keep it going how ever it started moving so quickly and logged out. perfectly fine with all the other websites including the official website of 500 plus it just doesn’t allow me to go on my profile. It came showed 504 getaway time out when I tried to log on from laptop, phone app says no internet connection, tried other websites and they worked fine it just did not let me logged in . this is serious money and I’m looking for a Legal assistant regarding this matter . pls be careful as they done this to me twice
No phone number to contact and I feel like it’s a scammer
scam -be careful they will steal your money in a minute
wasted $550 in one night!, they don't explain the terms and conditions.
if you want to gamble your money and definitely lose it, go with them.
there are other apps that are much better, do your research before joining
Nothing but Scammers
If you are New or Experienced at Trading i would HIGHLY recommend you STAY AWAY from Plus500!!! You will lose all your money with their Tactics FULL STOP!! I placed an order today for Natural gas to buy at 2.342 and got filled at 2.392 with the market then Retracing down IMMEDIATELY after filling my order losing a lot of capital, this now has to be ATLEAST the sixth or more time this has happened since opening an account in March 2020. In this time I have also experienced the opposite in regards to STOP LOSSES, I can't tell you how many times I...'ve had open positions on Trades with Stop Losses well below Pivot points and had them Taken out only to shoot Straight back up to market price and go beyond. These guys are dead set criminals and there service when you bring issues up is nothing but Appualing, they will hang up on you call you a liar even when you provide them Screen shot proof. I have been Trading for many years and never come across a online Trading broker with such disgusting ethics. Be warned just because they have an ASIC licence this does not mean they comply! Try AVA Trade, Oanda, Webull TD Ameritrade, just dont risk your HARD EARNED MONEY with Plus500, you will get wiped out!!
Avoid at all costs!!!!!!!
Plus500 is a fraud and scam. I've had friends say that they had a moderate experience with Plus500 so I decided to give it the benefit of the doubt and join. Unfortunately the night that I joined, I deposited $750 into my account and then proceeded to attempt buying shares. My orders were rejected 6 times before I could finally claim one and when I did, the next day they decided to close my account. This share was suppose to be a LONG RUN share so I invested a lot into it and the next day PLUS500 decided to close my account. I emailed them why ...because I only had my account for one day, and they replied to my email stating "we have decided to close your account for no cause. We cannot provided any information on this matter". They closed my account for no reason. They had so much spare time on their hands rather than making their platform easier to navigate and use, they closed my account. What is most frustrating was that they closed my account after I finally bought a share. Now I am sitting at a loss and will lose my money when they could have just let me keep my account open. Absolutely terrible platform Do not use! Avoid at all costs!
Stay away at any cost
Deposited 750 dollars they asked for photo of my debit card i provided it. I had a tick on my account meaning my card was verified. Once i actually needed to use the account to trade i could not enter any orders. I contact them and they say my account is restricted because they need a debit card statement. Once i asked for a full refund they said they cannot process the refund unless i provide them with the bank statement.
- Verified customer
Scam fraud 17 June 2020
I was stuck in plus500 and scam fraud by 1600usd in Boeing put 100 June it was expired before 1 week. Live market will expire 19 June 2020 plus 500 expired 17 June 2020. 2nd i was try to close my trade on 12 June 2020 when rate was 0.86 it show me instrument is not available. I putted trade position on 18 may 2020 position 1.64 as buy when i puted it will run fastly opposite but real market live price was difference still at 2.04. How i can claim on plus500 and get back my loss 1600usd. I was deposited 2600usd in plus500.
Plus500 still withholding funds
So an update on my previous review.
I’m still out of pocket by $10k after Plus500 claim to have returned the money some 10 days ago. Where there is a suggestion that the transfer process could take up to a month? I see no reason why this is the case. It takes at most, 48hrs bank to a different bank, if the process is done correctly. Westpac to Westpac (my bank to plus500 bank) It’s only an overnight process.
Plus500, your business is based on your clients being able to trust you, whilst relying on your customer service to communicate and res...olve their issues. Unfortunately, your robot cut and paste communication, coupled with the merry go round of contact names, no online instant messaging or so much as a listed phone number. Doesn’t suggest your serious about supporting your customers. No one who reads this or my previous post should trust Plus500.
Used them for about a year and constantly traded but their fees were much higher than normal and until I realised that I was being charged more than what the margin was at that time. Their excuse? Admin fees which was not stated in the agreement (about 50 pages worth of mambo jambo). Got my money back but too expensive, unreliable and I will stay away from them for good.
BEWARE! Do not use!
1. Advertise a false review rating in their google AdWords campaign, the sole reason why I chose to invest (and loose tens of thousands of dollars) was based on false and misleading advertising
2. The advertise 24/7 support - do not have, no live chat, refuse to let you speak to anyone via phone, no physical address only delays to response via social media and email (or no replies at all or ignores your enquires). The customer service team refuse to acknowledge or rectify issues.
3. They manipulate the market (as a market maker) there spreads ...
Please beware - Plus500 will close all of your positions without a margin call notification or message, therefore loosing all of the capital you have invested. Margin call notices are usually sent via in app notification and text message, I had relied upon them to amend my position so that I do not loose my investment - however they randomly stopped sending them, did not notify me and closed all of my positions, I lost thousands of dollars without any notice. They are adamant they sent them, but cannot prove it or tell me why they were not and refuse to rectify the issue.
Also, customer service is very poor and not available 24/7 like advertised.
- Verified customer
Absolutely Wild These Thieving Bums
Good morning my complaint is about the fact they have ripped me off with trading shares/options on there app I’ve had the account for many years and recently started trading again I deposited money and opened a opinion I deposited $200 ( but over few years I’ve deposited $16889.00 ) so I got my account up to around $23000 so my complaint was the fact I opened an option and within 3 minutes I closed it but I was watching it like a hawk as you do!! It quickly went into minus $ so I tried to close the option and the app wouldn’t allow me to do so ...many times the button was faded as if busy I continued to try it went to -$16987.50 with in seconds that’s the amount the button finally worked my internet was fine as the trading platform was ticking over fine !! I was understandably very upset so I emailed them ASAP , the next day i did some research on the market as it was unusual for it to rise that amount I’ve never seen it do so and every place I found oil was dropping at the time plus500 app had raised it so I questioned that also and sent screen shots of my findings because in that case I would of profited the amount instead of lost that amount in my account the answer I got was basically saying it’s not there fault the button wouldn’t allow it to close and that they can fluctuate the market any way that suits them so in my mind the entire company is a scam as it’s not actually the stock market it’s there prices and how ever they want can change it !!! I explained to them in detail my anger and back up my claims with screen shots sent to them if they can regulate the market to suit them this company is ripping the Australian people off completely and users will never profit , in that case I want all money’s I’ve ever deposited back !! But if that they were doing it right by consumer protection it doesn’t take the fact that there app wouldn’t allow me to close it so i have screen shots of it all the damn fools will get what’s coming as I will not stop until the app is removed from Australia and even staff punished !! No phone number damn wait until I Come see you at your Sydney address and yes I’m freaking coming!!!
totally SCAM, engineered to rip you off
they show prices and rates which are very different from reality. I saw share prices way lower than anywhere could be found (google finance, yahoo finance).
when a share price surge, they platform lock the price / freeze it, and turn off the "close position" which won't let you quit. in fact, won't let you make money. The price is locked until it drops again. totally scam and fraud. but once you can make a little money or worse losing money, the close position option will be on.
Also, there is a minimum limit you can deposit or withdraw.
No way you can make money from these dudes. The platform is engineered just to rip you off. stay away from this fraud.
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