Quote:
Originally Posted by Romulus
Nup, too risky 
Just read the small print on Plus 500 and eTorro, 76% of retail investors lose more than their initial investment.
You can make a fortune though if you know how to trade. |
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.