Can I Trust Plus500, Have They Scammed Anyone?

@brenda_lesotho - 8 months ago - Forex Brokers

I read some negative reviews about Plus500 online and I want to ask if anyone here has had a bad trading experience with them.

@dipuo_kefilwe - 8 months ago

Plus500 is regulated by the FCA UK ad FSCA South Africa but that doe not necessarily mean they are an honest broker. I suspect they are a B-book broker that trades against clients.

@karbin - 8 months ago

Quoted - dipuo_kefilwe

Plus500 is regulated by the FCA UK ad FSCA South Africa but that doe not necessarily mean they are an honest broker. I suspect they are a B-book broker that trades against clients.

Plus500 is a market maker CFD broker, but that does not make them good or bad.

I have not traded with them so this is my opinion only. Just because they are not a DMA broker, it does not automatically mean they are bad.

They are well regulated & they are also public in the UK, Plus500 is definitely legit.

Whether they are bad in terms of actual trading I don't know.

But from the spreads & all the charges listed on their website, they are definitely not cheap. There are lots of reputed CFD brokers out there that are also cheap.