Riley
Really helpful at the start with the prop money I suggest doing that first
Tranferred in different account
I entered details to with withdraw and money been transferred to my other account and details already been deleted from account before transfer and it was my credit card and have to face loss of problem
Think twice
⚠️ Think twice before holding CFDs long term
My experience with Plus500 has taught me an expensive lesson.
Around two years ago I opened a Tesla position equivalent to about 3.5 shares at ~$176 each. Tesla subsequently rose to around $369 per share.
However, over the period I held the position, approximately £450 was deducted in charges.
I accept that this was a CFD, rather than direct ownership of Tesla shares. My concern is the extent to which the ongoing financing charges accumulated while I held what I regarded as a long-term investment.
I have raised this with Plus500. To date, they have not offered any refund or compensation; their response has essentially been that the position was a CFD and therefore the charges applied.
That may be contractually correct, but my experience highlights something I think potential customers need to understand very clearly: a CFD is not the same as owning the underlying shares, and holding one for years can result in substantial ongoing charges.
If you’re investing for 5–10 years, read and understand the financing charges before using Plus500 CFDs.
I personally wouldn’t use a CFD for a long-term investment again. I’m sharing my experience so others can make an informed decision before putting their money in.
My experience with Plus500 has taught me an expensive lesson.
Around two years ago I opened a Tesla position equivalent to about 3.5 shares at ~$176 each. Tesla subsequently rose to around $369 per share.
However, over the period I held the position, approximately £450 was deducted in charges.
I accept that this was a CFD, rather than direct ownership of Tesla shares. My concern is the extent to which the ongoing financing charges accumulated while I held what I regarded as a long-term investment.
I have raised this with Plus500. To date, they have not offered any refund or compensation; their response has essentially been that the position was a CFD and therefore the charges applied.
That may be contractually correct, but my experience highlights something I think potential customers need to understand very clearly: a CFD is not the same as owning the underlying shares, and holding one for years can result in substantial ongoing charges.
If you’re investing for 5–10 years, read and understand the financing charges before using Plus500 CFDs.
I personally wouldn’t use a CFD for a long-term investment again. I’m sharing my experience so others can make an informed decision before putting their money in.
Show more
DONT DOWNLOAD
It’s all scam
AVOID THIS JUNK. So many other, better investment portals!!
Wow, this exchange app is absolute garbage!! I use a handful of other investment/trading apps, so many are way better than this junk!!
