Reading Time: 3 minutes SCAM RECOVERY

500 Investments Review – Broker With Scam Warnings and Withdrawal Issues

Jun 10, 2021
500 Investments Blacklisted Scam

Despite a delightful, professional-looking website, the broker is not so delightful nor professional. As always, we’ve checked is 500 Investments regulated, its headquarters, and trading conditions. Here, you’ll find everything related to the brokerage, including tips on what to do if you were involved in a scam.

Let’s start our honest 500 Investments review!

Broker status:Unregulated Offshore Broker
Regulated by:Unlicensed Brokerage
Scammers and
Blacklisted as a Scam by:FCA (UK), Austrian FMA and Italian CONSOB
Broker Owner:Cabsy Holding Ltd
Headquarters Country:Saint Vincent and the Grenadines
Foundation year:N/A
Supported Platforms:WebTrader
Minimum Deposit:$250
Cryptocurrencies:Yes – BTC, ETH, LTC – total 7
Types of Assets:Forex (FX), CFDs, Commodities, Indices, Shares, Cryptocurrencies
Maximum Leverage:N/A
Free Demo Account:No
Accepts US clients:No

500 Investments Regulation and Security

The brand is established by Cabsy Holdings Ltd, a company based in Saint Vincent and the Grenadines. Although it’s an offshore broker, it still needs to have regulation. Therefore, we’ve checked the SVGFSA register.

What’s Wrong With Regulation?

After thorough research of the SVGFSA register, we were unable to find the 500 Investments regulation. Based on that, we can conclude that this broker is another illicit entity whose goal is to scam as much money as possible.

Scam Warnings From Financial Regulators

When too many people file a complaint against the same brokerage, regulatory bodies are obliged to react. In the 500 Investments case, the UK FCA was the first authority to issue an official warning. After the FCA, two other regulators added 500 Investments to their blacklist – Austrian FMA and Italian CONSOB.

We can only assume this is why the broker changed the website and decided to pursue its illegal activities.

Beware of the 500 Investments scam and avoid ProfitsTrade broker.

What Are Trading Platforms Available?

We’ve reviewed the broker’s new website to confirm the 500 Investments trading platform and conditions provided. All the trades are executed on the web trader, the least safe trading platform of all. Besides that, not much information is available. For example, we couldn’t confirm the spread or the leverage that the broker offers. 

If you were considering trading with 500 Investments, we could only advise you against it.

In Which Countries Does This Broker Work?

Since there is no regulation from any jurisdiction, the broker cannot operate legally in any country. However, judging by the FCA, FMA, and CONSOB warnings, 500 Investments operates in the UK, Austria, and Italy.

Also, we found reviews related to broker’s activities in Spain, Netherlands, Germany, South Africa, and Australia.

The broker does not provide financial services to US residents, as well as BExchanges, Furion Global or Titan FX.

500 Investments Broker Assets

What Can You Trade With This Broker?

The broker offers a wide range of trading assets, including Forex, commodities, indices, shares, and cryptocurrencies. As aforementioned, trades are executed on the web trader.

The broker minimum deposit is standard for many companies in the industry – $250. The broker allows deposit and withdrawals coming from debit/credit cards and wire transfers. The minimum amount for withdrawals is 100 units for wire transfers and 50 units for card transfers. There is a fee of 3.5% for “most withdrawals”, yet, we are not sure about the meaning of “most”. The payment should either be equal or explicitly listed.

After everything we’ve seen in our 500 Investments review, we can only tell you to be careful with this shady brokerage.

Scammed by 500 Investments broker? What to Do?

If you were scammed by 500 Investments or any other illicit brokerage, do not hesitate to file a complaint. We would like to hear from you and help you get your funds back.

Unfortunately, you are not the only victim of the 500 Investments scam. The good thing is that you can request a chargeback to retrieve the lost money.

Contact our support via chat and get all the information in the free consultations.

Don’t Let the Scammers Go Away for Free!

What is 500 Investments?

500 Investments is an online unlicensed trading brokerage that offers Forex and Crypto trading.

Is 500 Investments a legit online broker?

No, broker has no regulation for providing financial services.

Are My Funds Safe with 500 Investments?

Since the broker is unregulated, your funds are not safe. Beware of fraud!

Who is the owner of 500 Investments broker?

Cabsy Holdings Ltd owns the broker.

Is 500 Investments a good broker?

Of course – no, it is an offshore and unregulated broker. Do not invest your money!