Plus500-Some important Details about This Broker

General Information & Regulation

Unlike the UK-based regulated Plus500, this Plus500 is registered in China, with its founding time, actual address, and the company behind it unknown to all. This Plus500 does not provide any regulatory details, so it was just founded to scam traders.

Plus500 Negative Reviews

There are quite a few negative reviews about this Plus500 broker, such as unable to withdraw funds via this platform, a definitely scam just for stealing money, etc.

Is This Plus500 a Scam？

Yes, Plus500 is definitely a scam. Most investment frauds are unregulated which won‘t help you in case of problem. Keep in mind that if an investment firm steal your money, you won’t be able to complaint about it unless they are licensed by a serious regulator such as CySEC, FCA, and ASIC. Plus500 is an unregulated broker which is clearly not authorized to operate in any country and you should definitely not put any money into it.

How Scams work？

The common used strategy by fraudster is to first send you some returns to give you the impression that you are quickly and effortlessly making money. This allow them to gain your trust. When ou feel that you are not able to invest any more money into the scam, they will simply suspend or close your account and you probably won‘t hear from them any longer. Many scam firms fraudulently claim to be based in a regulated jurisdiction using fake addresses and regulation licenses in order to look truthfull in the eyes of future clients. Don’t fall into high yield investments trap.