[:en]Is plus500 a scam or safe? this is what you will finding out in this article that Is plus 500 a scam or not? For more information about Plus500 Scam you can visit Plus500 reviews by ForexSQ.com website, TopForexBrokers.com ratings and comparison forex brokers or Fxstay.com Fx trading website.
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 plus 500 a scam or safe?
However the Plus500 is a safe broker but invest the amount you can afford to lose it as online trading market contains risk of losing your capital.
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