Breaking: Plus500 Resumes Onboarding Clients Through FCA Regulated Unit
The company has fully resolved the regulatory hurdles that prevented it from onboarding clients in the UK
Plus500 Ltd (LON:PLUS) has just released a statement through the London Stock Exchange (LSE) that it is resuming the onboarding activity of its U.K. Financial Conduct Authority (FCA) regulated unit. The brokerage faced regulatory hurdles earlier this year after the regulator established that the way in which new clients were verified did not adhere to the watchdog’s requirements.
The brokerage also confirms in its statement that it is not subject to any regulatory restrictions. Plus500UK will resumer the onboarding process of new customers in January 2016.
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Can anyone please explain to me how on earth is it possible that this company still continues to operate?! There have been literally hundreds of clients unable to withdraw their money long before the FCA investigation even began and still nothing is being done about this. And this company is publicly traded – that just seems unbelievable to me. So FCA does not like how Plus500 verifies new clients yet they dont have any problem with the fact that Plus500 basically steals money from their clients. And this is a fact – I know succesfull people who made money trading… Read more »