Plus500 Share Discussion Threads

[liquidkid] 02/11/2015 10:06

Someone else has done the research previously on the reviews so to finally knock the pyueck out of the rink Here is an exchange from one of these 'message boards' With an answer from the site & pus500. You can make up your own mind.

Roman Winter · The University of Queensland
Hi there, After reading all the coments, I'm really disapointed before I have started real account, not sure what to think about Plus500 ??????
Like · Reply · Oct 10, 2015 8:56pm

ForexFraud
Hi, you have read all 3000+ comments? Good job. smile emoticon
They are a good broker as you can see on the comments too. And you can even see that they respond to comments here too.
Like · Reply · Oct 10, 2015 9:27pm

Plus500
Dear Roman,
Please note that the negative reviews from users represents a small percentage of customers.

Take into account that satisfied users usually don't take the time to write reviews.

Bear in mind that in many cases, users who trade illegitimately, fail to provide documentation or make mistakes, post their story on the internet. Due to the privacy policy we operate according to, we are unable to fully clarify the situation on a public reply, so you only get one side of the story. Furthermore, in many cases issues raised by our customers are resolved within a short period of time. In such cases, users often do not post a follow up review.

Kindly note that we do our best in order to provide most efficient and professional answers and make every possible effort in order to provide replies as fast as possible.

We appreciate your understanding regarding this matter and we will be glad to answer any unresolved query you might have.

Let us know if we can further assist you.

Regards,
Plus500

[pyueck] 29/10/2015 10:25

Yes let's see. Still don't agree with your comment that registering new customers in Cyprus has nothing to do with whether they get regulatory approval from the FCA.

[dodge meister] 29/10/2015 08:24

From Playtech - Regulatory approval for the acquisition of Plus500 expected by the end of November

[pyueck] 28/10/2015 18:18

Dodge, how can you say that. They were registering customers to the UK, then they have all the regulatory issues with the FCA and now they are registering people to Cyprus.

Combined with this read any message board on Plus500 and reports are plenty of frozen accounts and customer funds.

When you then take into account the delays to approval, this tells me that there is a fair possibility that the FCA is still not happy. As Plus500 have not told us why there is a delay we can only speculate.

Maybe the FCA are just taking their time, who knows? The question is how much are you prepared to put on the line to find out...

Maybe we will find something out tomorrow with the Playtech update, I wont hold my breath.

[dodge meister] 28/10/2015 17:23

They FCA clearance for the sale has nothing to do with where they register new customers. Perhaps there is a lower admin burden.

[elcapital] 28/10/2015 14:14

It was drifting long before GBO was finally announced

[dlku] 28/10/2015 14:13

GLOBO prob dun it

[elcapital] 28/10/2015 13:04

It looks to me like it isnt going through, based on the price action alone

[cc2014] 28/10/2015 12:59

They say the price action never lies but I'm not sure what to make of this.

Price falling on almost no volume with not a buyer in sight right now. There is support on L2 at 345 right now but whether it is real of fake who knows

[liquidkid] 27/10/2015 08:45

Couldn't get their business over to Cyprus sooner. It is part of the EU not just a haven for crooks.
Especially when it appears the FCA has imploded. No wonder it is taking so long.

FCA chairman admits sudden departure of CEO Martin Wheatley has made the regulator 'less stable'
Acting FCA chief vows to break the ‘cycle of regulation’

->paying particular attention to its effect on stifling innovation<-
(Plus500 falls into this category)

The FCA’s bungled leak about a probe in April last year
An investigation into the debacle by a partner from Clifford Chance found that the FCA has ‘created a false and disorderly market’. Mr Wheatley was characterised by his notorious claim that he would “shoot first and ask questions later”.
the City watchdog was left with a ‘considerable number’ of new staff who were appointed by Wheatley.
Greg Medcraft, the chairman of ASIC tipped for FCA top Job

[macarre] 26/10/2015 21:22

So what people think of the company taking all new customers under their Cyprus regulator?


What I think is very simple. Look at what happened to GBO today and remember that where there's smoke there's fire. Ignore red flags at your own peril.

[cc2014] 26/10/2015 21:08

Odey flagship down 17% this year.

[pyueck] 26/10/2015 17:35

Geez guys keep on topic.

So what people think of the company taking all new customers under their Cyprus regulator?

Or does anybody here actually understand the business or did everybody just buy hoping for a quick 5% profit?

[liquidkid] 26/10/2015 17:11

That's a new low for you 'ElnoCapital - trying to ramp a bottom of the barrel POS penny stock now.
Speaking of the Aussies... Oi! Oi! Oi!.
Don't ASIC have to approve the deal too? The Aussies could still turn them over. Just in time for the RWC final too.

[pyueck] 26/10/2015 16:47

Liquid, I have no confidence this deal will go through. They are now taking on all new customers with the Cyprus regulators. What does this tell you about receiving FCA clearance?

[elcapital] 26/10/2015 16:22

i was right on qpp too, but ozzie idiots bailed them out. was right from 125 down
do yourself a favour and buy NLG, at 36, one of few stocks I am bullish on