Trading Scam Alert: 500 Plus Uses a Deceptive Name to Mislead and Defraud Users
A growing number of complaints have surfaced regarding “500 Plus”, a fraudulent trading platform believed to be impersonating the well-established broker Plus500. While Plus500 is a regulated, publicly listed company offering legal trading services, 500 Plus appears to be an unlicensed entity using a similar-sounding name to confuse and defraud retail investors through trading scam.
Victims report aggressive sales tactics, blocked withdrawals, and unauthorized account activity after signing up with 500 Plus, believing they were dealing with the real Plus500.
Don’t Be Fooled by the Name
The scam platform “500 Plus” copies elements of the brand name and web design to trick users into trusting it.
Scammers are banking on the similarity in name to bypass your skepticism — a tactic called “brand impersonation fraud” — commonly used in phishing schemes.
Red Flags That Expose 500 Plus as a Scam
1. No Regulatory Licensing
500 Plus is not authorized by any known financial body. A quick check on the FCA, ASIC, or CySEC websites will confirm this. Operating as an unlicensed broker is a direct violation of financial laws in most jurisdictions.
2. Impersonation of a Licensed Brand
Using a name that closely resembles a legitimate company is intentional deception. This tactic is used to bypass due diligence and gain trust unfairly.
3. Withdrawal Problems and Fake Fees
Multiple users have reported:
- Large deposits are accepted with ease
- Small withdrawals permitted at first
- Later withdrawals were blocked with excuses such as “security checks,” extra fees, or tax requirements.
- Complete loss of funds after repeated delays
4. No Clear Company Information
There is no mention of a legal company name, registration number, or office address on the website. WHOIS domain records are hidden, and the platform provides no credible contact methods outside of email or chat widgets.
5. Pushy “Account Managers” and Cold Calls
Scam victims say they were contacted by self-proclaimed “senior analysts” or “VIP consultants” urging them to invest more money — often promising guaranteed returns. Real brokers do not guarantee profits or pressure clients into deposits.
Target Audience of This Scam
500 Plus seems to be targeting:
- Beginner investors who know of Plus500 but don’t verify the URL
- International users in areas with weaker financial regulation
- Individuals looking for quick investment returns in crypto or forex
- Victims of other scams seeking to recover losses
The Scam Pattern — Step-by-Step
- A user finds “500 Plus” through a Google search, ad, or email
- Believing it’s Plus500, they register and deposit money
- The fake platform shows growing profits on a fake dashboard
- Withdrawal attempts are blocked with vague excuses
- Communications stop, and the platform disappears or becomes unresponsive
What To Do If You’ve Used 500 Plus
If you deposited money or shared information with 500 Plus:
- Immediately cease further communication
- Take screenshots of all emails, chats, transactions, and platform dashboards
- Notify your bank or payment provider of suspected fraud
- Report the site to regulators and cybercrime authorities in your country
- Consider contacting a recovery professional to explore your options
Amdark Limited: Helping Victims Navigate Online Investment Scams
Amdark Limited supports victims of fake trading platforms like 500 Plus by offering:
- Cryptocurrency tracing and forensic analysis
- Evidence preparation for law enforcement reports
- Help filing complaints with regulatory bodies
- Professional advice with no false promises or guarantees
Final Thought: Always Double-Check Before You Invest
500 Plus is not Plus500, and using a deceptive brand name is a major warning sign of fraud. Always verify the official URL, check licensing status, and avoid platforms that guarantee profits or demand urgent deposits.
If you suspect you’ve been scammed, visit www.amdarklimited.com to begin a confidential, risk-free consultation.
Claim Your Lost Funds Back with Amdark Limited’s help.
If you want a consultation, please fill out the form. All consultations are confidential and judgment-free.
[wpforms id=”142913″]
