Is Plus500 Forex A Scam

Plus 500 Scam

Is plus500 a scam? When asking yourself this question, you have to ask yourself a few questions because ultimately it will be you who makes the final decision. If you are new to forex trading and only just heard about Plus500 Forex, then that decision will be harder. For the people who have been around forex a little longer, you will have noticed that there is not one forex broker that someone has not had a bone to pick with. Therefore they do their best to tell everyone that they can this forex broker is a scam.

My personal opinion is that a lot of these opinions come from the new trader. Everyday there are a large number of new forex traders who have the impression that they can open a forex account and become an overnight millionaire, without so much as one clue about what they are actually doing. If you are reading this and have this idea, my suggestion to you is that forex trading is not for you. When you see these fancy forex systems that promise you the world whilst you switch you computer off and go to sleep, whatever you do, do not fall for this. It is sales pitches like this that also give forex a bad name.

Is Forex A Scam?

Lets look at this in a realistic way, forget about anything you have ever read no matter how convincing. Would you consider the stock exchange a scam? I guess your answer is no. Would you think that people just wake up and think, I will become a stock trader today, Where is my money? No. You would probably think that a stock trader is a job of a professional and takes knowledge to do, and you would be right. So why do people think differently about the Forex market? The main difference in the forex is that you can open trades and close them quickly to make a profit. This is what make it easier and more accessible than the stock exchange. But this does not mean that you can trade forex without a clue on what you are doing.

So is Plus500 A Scam

One thing that may lead people to ask is plus500 a scam is the fact that that the offer their new traders a $25 no deposit bonus, to some people this can seem a bit fishy. The reason why plus500 offer their new traders a $25 no deposit bonus is so that they can get the feel of trading real money without making a deposit. Trading demo all seems OK, but it is not quite the same as trading real money. However Plus500 do not offer this bonus to all countries which are considered to be high risk. A problem with plus500 is that they do not make clear which countries they do not offer the bonus to. As you can imagine where there is free money there will always be out to try and take advantage by opening many accounts. This causes problems for plus500, so where it is known to plus500 that this goes on, they do not offer a $25 no deposit bonus. As far as I am aware there are no European countries affected. Due to them not paying the bonus to everyone, this is a reason why you may here the words “plus500 scam”.

Regulated Broker

How do you know if you can trust Plus500 with your money? Plus500 is in no way a small time broker that comes and goes it is based in London in the Uk and regulated by the FSA (Financial Services Authority) The fact that it is regulated by the strictest regulating authority in the world, Which regulates all the banks in the UK, should say to anyone that it is more than safe to trust your money with Plus500.

Conclusion of Plus500 forex

In our opinion no Plus500 is not a scam, We personally know this as we use Plus500 as a forex broker but that is nothing to do with it really. We conclude that it is not a scam broker due to the simple fact that there is 100% no chance that the FSA would regulate a scam forex broker. Also due to the fact the most of the worlds most trusted brokers are based in London in the UK.