Plus500CY Review: Askew Forex Scam

× Alert!
  • - Can't withdraw your funds from this fraudulent company?
  • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
  • - Or is there an excessive delay in processing your withdrawal?
  • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:

Click the button below, fill out the form to recover your lost funds from this scam company

Click Here To Recover Your Stolen Funds

Plus500CY Review: Askew Forex Scam

Plus500CY ( is another Crypto Currency and Forex brokerage scam committing some serious offence. Plus 500 CY is purporting to furnish traders with actual analytics and high speed trading. Most members are crying foul after signing up with them. Why are members complaining in regards to signing up with Plus500 CY? What we discovered regarding this broker is shocking to say the least. Read this detailed Plus500CY review for more.

Plus500CY Review

Autopilot trading tools Advantages

Here are the main advantages of dealing with reliable cryptocurrency trading investments tools tested and proven to work by experts and the crypto community

  • Ease of use

With a friendly user interface, traders with any skill levels can easily utilize these robots and take advantage of the volatile crypto market.

You won’t need to take long to learn how to use these robots as they come with easy to understand guidelines and tutorials.

  • Semi Automation

Bots give data that allows traders to make informed decisions on whether to act on these prices or market data provided. And this makes semi-automation another key option traders have. Semi automation is best for the more experienced trader.

  • Complex and Sophisticated trading

Robots give traders a chance to place trade on more complex and sophisticated trades that otherwise would be a problem for manual traders. Complex trading also ensures traders get a lion’s share of the profit margins.

Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves    1. You get up to 5% average monthly return on your starting capital.    2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do!      3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away!    4. No upfront payments for the service.    5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget.   Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!

Click Here To Sign Up Now

  • Anyone can use robots

No matter the class of trader, anyone can use these trades and hence offer the best in terms of authenticity. These are bots with an easy to use interface and standard educational materials and tutorials.

  • You can build a custom robot

Traders have the chance to build custom robots that fit their preferred trading styles and suits their markets. And this gives traders more power in what aspects of the robots can act and information retrieved.

  • Connectivity

One of the greatest aspects of trading with these robots is connectivity. You want a robot that easily automate trades.

The listed robots are automatic and trade steadily without any pitfalls. You certainly don’t want a robot that shits the bed during live trading sessions.

  • Security

These bots have been tested by the trading community. The developers who created these robots understand the risks involved.

Want to make quick funds with leading and trusted Crypto Currency trading tools? Sign up with industry backed and expert recommended Crypto trading robots. Time to make real profits is now with tested and trusted Crypto trading robots. Make the informed and right move today by signing up with credible and dependable Crypto trading tools. What are you waiting for? Genuine and honest Crypto Currency trading tools are here to help you make real profits.

Plus500CY Review

After receiving numerous email complaints from this broker, we decided to investigate. Over twenty members have been complaining about lack of proper communication. Most of them swear to have their accounts blocked with funds still in them. Dealing with such brokers has been a major issue with most newbie traders. Why are investors signing up with scam brokers in the first place? Lack of proper background check is a leading cause. Make sure to read this entire review and find out tricks used by this broker.

Professional scam artists know for a fact we all want to make a quick buck or two. And this is why they create over the moon claims and promises to lure investors. What are some of the tricks used by this scam artist? Creating a visually compelling website is their first step in enticing newbie traders to sign up. By cloning a real website, they drive investors to believe they are offering real trading services. Make sure to stay away from brokers who share similar characteristics.

About Plus500CY

According to their contact page, this broker claims to be owned by Fintrade Limited. The disclaimer continues to state this company is based in St. Vincent and the Grenadines. By their admission, this is an offshore based trading entity. Offshore brokers are known throughout the world for breaking industry regulations and rules. To be clear, investors are depositing funds to an unknown third party. Make sure to stay away from brokers, who are based offshore, they shouldn’t be trusted.

By partnering with Crypto Mining companies, you can now start making money with digital currency. Crypto Mining companies will create a profit-making venture for all Crypto enthusiasts. Make sure to sign up with above board and credible Crypto Mining Companies with a proven track record. Start making the Crypto success journey by signing up with a recommended Crypto mining company. Reliable Crypto mining companies are a gem in the digital currency world.

Have you noticed lack of proper details concerning their names? Who are the founding members of this platform? Can users get the actual names of people running this show? Whoever signs up with this broker is going to lose all their deposits. These scam artists know how well to hide their real names. They are mostly afraid of the backlash they would face from authorities and victims. Why deposit your hard earned cash with an unknown third party? Simply stay away from this brokerage firm.

Is Plus500CY licensed or registered?

Being an offshore broker, we don’t expect this broker to be fully licensed. After checking with leading regulatory bodies, none of them had ever licensed this broker. Some of the regulatory bodies we contacted include ASIC, CySEC, FCA, FSC, and NFA. None of these regulatory bodies has ever licensed Plus500CY. Investors who sign up are dealing with an unauthorized broker. This is a broker who is committing some serious fraud. Stay away from this broker at once!

Another shocking revelation is how they fail to post any crucial documents. A real broker will post details of their licensing to prove authenticity. Plus500CY is not in any way trying to show originality. Their homepage lacks any details regarding their license. Being offshore brokers, we expect they will hide their real identity. Offshore brokers never meet the required standards to offer trading services. Anyone who signs up should expect nothing but a rough trading experience.

How about trading safely with approved brokers who have years of trading experience? Want to make real profits trading? Sign up with credible and dependable Forex brokers who have a solid trading experience. Go for brokers who are tested and come highly trusted by trading experts. Brokers with a proven reputation are what make trading safe and sure. Effective and efficient brokers are what you need to make stable profits. Make sure to go for transparent brokers at all times.

Disadvantages of Plus500CY

Account Funding

Depositing and withdrawing funds with this broker is another well laid trap set by this broker. Depository channels include Maestro, Neteller, Skrill, Qiwi Wallet among others. These scammers have ensured depositing is easy and fast. Depository channels are accessible all over the world. These scam artists have ensured they target any trader no matter their country of residence. And this is what makes Plus500CY an international scam outfit. Now you know!

Withdrawing funds is what makes this a total lie. No member has been able to withdraw funds with this broker. Immediately users request withdrawals, their accounts are either blocked or closed. Trying to contact account managers proves futile as they also go under. Only scam artists are known to close accounts when members ask to get their funds. To be safe, you need to confirm whether a broker allows withdrawals. Stay away from brokers who don’t allow any withdrawals.

Demo Account

Another problem with this broker is in regards to their demo account. After signing up with their demo account, we noticed some major flaws. This demo account is rigged to produce over the moon results. We noticed their platform is producing over 95% guaranteed profits with their demo account. Ask any professional trader, no robot or professional can achieve this fete. Market prices are always volatile and prices changes without warning. Placing this high trades is next to impossible.

Types of Accounts

Plus500CY Account Types

Plus500CY is furnishing members with four different account types. These account types include Micro, Standard, Premium, and VIP accounts. What we noticed with their account types is how similar they are to each other. With same advantages, why would a broker deposit over $5,000 and get same advantages as one who deposits $100. Before signing up with any account, check how their account types are. Do they hold an advantage over each other? No account types should be the same.

Are funds safe with Plus500CY?

How can funds be safe from a broker who offers no trading license? Security of funds can’t be guaranteed by a broker who is based offshore. Funds are never secure from a broker who fails to give their actual names. Stay away from this broker as they fail to properly secure their website. Website lacks proper DDoS and SSL Encryption security features. Are users depositing funds straight to owner’s personal bank account? It seems to be the case. Stay away from this broker!

Another perturbing issue is when it comes to segregation of accounts. Merging assets in one account is extremely risky. Plus500CY is pooling funds in one account which is totally uncalled for. Make sure to use brokers who offer safe ways of handling funds. Where do they bank funds deposited by members? Members should not expect any compensation from this broker. Plus500CY does not insure funds deposited as dictated by trading laws. They are openly breaking rules.

Is Plus500CY a scam?

After checking all the evidence, we are sure Plus500CY is a scam. Stay away from this broker by ignoring all their pleas to sign up.

Bottom Line

Plus500CY Crypto and Forex broker

Adding this broker to our scam blacklist will help protect our readers. Stay away from this broker and sign up with proven entities at all times.

Forex trading robots are also a sure way of making money. Sign up with leading and trusted Forex trading robots at all times. Make sure to sign up with credible Forex trading robots at all times. Go for Forex trading robots with a proven track record.

Wishing you a successful trading experience.

2 Replies to “Plus500CY Review: Askew Forex Scam”

  1. × Alert!
    • - Can't withdraw your funds from this fraudulent company?
    • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
    • - Or is there an excessive delay in processing your withdrawal?
    • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

    It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:

    Click the button below, fill out the form to recover your lost funds from this scam company

    Click Here To Recover Your Stolen Funds
  2. PlusCy500 ist das Nachfolgeunternehmen von Die Adressen und das Postfach sind die selben, die haben keine Lizenz und sind Betrüger, das ist sicher!
    Bei dem Betreiber handelt es sich vermutlich um Daniel O’Neil, so wie seiner Frau Nadja, die sich am Telefon mit Rossy oder Blumenberg ausgibt!

  3. State alla larga da questo broker ti fanno credere di aver a che fare con plus500 invece niente di piu’ falso ho depositato una somma ho avuto un certo profitto al momento del ritiro mi hanno detto che dovevo pagare una tassa quindi dovevo mandare altri soldi per prelevare e don tutt’ora in alto mare

Leave a Reply

Your email address will not be published. Required fields are marked *

YouTube video

Follow Us will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.