Quote:
Originally Posted by T3rminator
Stay away from Plus500, there are reports of some pretty dodgy practices there even though they are regulated. I had read about them and thought it was just sore losers bagging out the platform, until I experienced it first hand. I had positions in Ethereum when it was in the 300s last year, then one day it took a massive dive, hit my stop loss, then rebounded and never looked back. There are reports of this happening for people who take sizable positions. The dive can just be for a split second.
You know something doesn't smell right when they offer "online gambling" style rewards i.e. deposit x and we'll give you x bonus which you need to turnover x number of times!
Rom is right, you can make good $$$ trading the traditional way.
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Agree - I had the same happen with etorro
Whilst I have made plenty - I had a similar experience with xrp, cost me 10k.
The convenience is great but there is a price you pay - the spreads are worse and i swear they are slower to respond when it's rising but quicker to show the loss
I use a local outfit now - mostly sick to funds with half doz selected companies - easier and don't waste so much time keeping an eye on everything and still averaging about 20pc pa