Is Plus500 Scam?

Plus500 Review: Is Plus500 Scam?
AvaFX & Etoro are one of the top brokers well known worldwide while Plus500 is less known
Therefore, many are skeptical of Plus500 including us

After extensive research, it's found that most Plus500 "scam" complaints of not being able to withdraw are because:
Some of them created multiple accounts & tried to get the free bonus repeatedly, did not complete Trader Points before withdrawing Free Bonus or did not read the User Agreement & broke those rules unknowingly

Some even declined to provide identity verification documents, for fear of identity theft
Trading accounts can be used for Money Laundering, to hide the true owner of the funds
While concern of identity theft is understandable, they also need to understand that Plus500 is required to follow Anti-Money Laundering laws & those documents will only be used for identity verification
That's why you must enter real name & info when trading online
Most brokers have similar rules so those who do not understand & complain of scam are most probably new to online trading

It's also common for traders to blame their brokers when they lose their own money
Some accused Plus500 of manipulating prices, even showing proof that their prices are different from other brokers
As mentioned before, Plus500 can't & do not manipulate prices  Plus500 only provide the trading platform & tools
Plus500 automatically use price quotes that are based on external and independent providers
As trading is done globally, providers might have prices that may vary by a little margin from one another
Therefore, price difference is normal & Plus500 can't be blamed
Plus500 has over a million clients & growing, which means they're trusting, satisfied with & continue using Plus500

Plus500 also provide details for Complaints Process:
Full details of your account are available on request
You can file a dispute to which Plus500 is affiliated:
The UK Financial Ombudsman South Quay Plaza 183, Marsh Wall London E14 9SR
Website: www.fos.org.uk
This shows that Plus500 have nothing to hide or afraid of & they're willing to provide your account details
If Plus500 is really a scam broker, why aren't the other million clients complaining, filing lawsuits & have them shut down by now?

Is Plus500 Scam? The Bottomline:
Plus500 is not a scam broker & will most probably never even try to scam
As no one would risk destroying their rapidly growing company with over a million clients
Click to find out more detailed info about Plus500