500Affiliates

Hello guys,

I created an account on here to warn you guys for 500Affiliates. I've done business with Forex Affiliate Programs for over a year now, I refered over 50 traders for Markets.com (Great affiliate program!!). They even upgraded me to the highest CPA Plan possible. In March I decided to try Plus500, I refered 8 traders in March and requested a payout in May. Their fraud system accepted all my traders and said all the traffic was legit. At the 10th of May I was wondering why I didn't receive my payment yet, so I checked my email and received an email from the manager "Kosta Shim" saying that it was unclear where my traffic came from. I told him that it came from my website (they have a system which only allows traffic from approved urls, so it couldn't be from somewhere else) and that all the traffic is through SEO or AdWords.

After explaining, he came up with another excuse: The system needed 30-60 days to analyze trading activity, so I had to wait another 30-60 days... I was still hoping for my payment and a good future relationship.

After about 40 days I asked for the status. It took a while before they gave a response but the traders were "Inactive". And this is the reason why they deny my payment.. I asked for some proof, but until today (4-5 months later) I still haven't seen any proof.

I Googled on 500affiliates and guess what? He pulled this exact same trick on other people aswell. I re-read the entire affiliate agreement, and refusing payments for traders becoming inactive is not a valid reason. Their website looks very professional, but they are the biggest scam you will ever find on the internet. They will offer you huge CPA amounts, but thats easy when you're never going to pay those amounts.

If you are looking to do business with a Forex/CFD affiliate program, please don't do business with Plus500/500Affiliates! They will take your hard earned money. They will make up all kind of excuses to not pay you and keep your traders.

the site has good tracking but there is a bit of issue with payments. I am yet to receive my first pay. They are still crosschecking my referred traffic. My website has 500 users a day, so I don't know what are they looking for. Overall all systems are good and they are really helpful. That said, its all good only if they pay me.

I would recommend this site,.

If you need any advise on being an affiliate, contact me.