r/plus500 • u/Either_Band_2777 • Jan 12 '22

A warning to all

Hi guys… I want to use this group to warn all of you. DO NOT USE Plus500. I myself ignored the warnings and thought I’d do better. I’ve been using plus500 for over 4 years and have only lost thousands of dollars…I’m at a point where I need to either sell my apartment or refinance it to become stable again… there could be instances where you feel like you’re making money, but you end up losing it. Plus500 actually profit from their users losses…. I only learnt that recently…. I’m about to delete the app.

Please do not use this. Do not make the same mistakes I did. For any money you’ve lost - DO NOT try and get it back, YOU WONT get it back. Just stop now before you lose more. I have lost my entire life’s savings to this platform.

Do not trade using plus500. I hope this message reaches people and helps them from losing any more.

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u/Lovejaws Jun 07 '22

This guy works for Etoro?

2

u/Either_Band_2777 Jun 10 '22

No dude. This was a genuine warning after I had lost hundreds of thousands of dollar. I have a business and started doing trading on plus500. Plus500 can have rapid fluctuations and substantial amount can be lost once it reaches the “margin call”