Is plus500 a scam or not? the Forextrading.biz will shows you Is plus 500 a scam or safe, Read this plus500 review scam article before open account with plus500.com
Is plus500 a scam or not
Most of investors think that Plus 500 is a scam, because it sounds too good to be true. The fact that they don’t ask commissions is one reason of concern for some people. However, we know for a fact that the spread (the difference between bid and ask) and the funding premium should be enough to cover all their costs.
Plus500 is authorized and regulated by the Financial Conduct Authority, as you can read here. They are also listed themselves on the London Stock Exchange, which underscores that it’s a reliable company.
A real disadvantage is that you can’t call them. They do offer live support though. And questions by email also get an answer pretty fast.
A popular concern is withdrawing money from your account. Some people expect problems with that. Withdrawals process in few days. That’s exactly what one would expect from a FCA approved and LSE listed company. As a CySEC regulated company they even have to process all withdrawal requests on the same business day.
Is plus500 a scam or safe
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