Plus500 – Is it scam or safe?
Plus500 is a trademark of the Israeli broker Plus500. The company operates through its subsidiaries Plus 500CY that is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and Plus500UK Ltd that is licensed and regulated by the Financial Conduct Authority (FCA). Licenses allow it to offer financial services, including forex.
However, the Financial Services Authority (FSA), now FCA, fined Plus500UK Limited more than GBP200,000 for failing to provide accurate and timely customers transaction reports. In 2015, the company’s shares fell nearly 60% after FCA’s order to freeze 55% of Plus500UK traders accounts. The measure was linked to the review of anti-money-laundering measures.
So far, we haven’t received any complaints from clients of Plus500.
If you feel frustrated by Plus500 and have something to share with us, please fill in the form below, describing your case: