Plus500
‍Class Action

If you traded “contracts for difference” (CFDs) (including margin FX) with Plus500, you may be a group member in the class action filed against Plus500.

Johnson Winter Slattery has filed a class action in the Federal Court of Australia against PLUS500AU PTY LIMITED, the operator of an online derivatives trading platform. The class action is funded by Harbour Fund V, L.P. (Funder).

To register an expression of interest, click the ‘register now’ button below and follow the instructions.

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Overview

Participation

Registration

Updates

What is the Plus500 class action about?

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The class action alleges that Plus500 issued highly leveraged CFDs, which were complex, high-risk investments that were not suitable for many investors, and were likely to cause investors to lose money.

Who can participate in the Plus500 class action?

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You may be a group member in the Plus500 class action if you meet the following criteria:

you traded CFDs (including margin FX) issued by Plus500 between 14 September 2017 to 31 March 2021 and lost money; and

you are not a director, officer or close associate (as defined in section 9 of the Corporations Act) of Plus500, or a judge or the Chief Justice of the Federal Court of Australia or a Justice or the Chief Justice of the High Court of Australia.

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What does registering on this website mean?

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Registering your details on this website simply means that you are interested in receiving updates about the Plus500 class action and that you consent to us contacting you.

Registering on this website does not mean you are obliged to be involved in any claim, and it does not mean you need to pay anything.

In due course, group members will receive notices and other updates regarding the progress of the case.

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Class Action Updates

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On 14 September 2023, we commenced the Plus500 class action on behalf of the applicant and group members.

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Register your interest

If you purchased or leased one of the vehicles mentioned above with a 4-cylinder Theta II MPI or GDI, Gamma GDI or Nu GDI petrol engine, you may be a group member in the class action. This may be the case regardless of:

whether you purchased your vehicle new or second hand

whether you still own your vehicle or have already sold it

whether you experienced any of the engine faults referred to above or not

whether your vehicle or its engine has already been repaired or replaced (by Hyundai or someone else, under warranty or otherwise)

If you think you may be a group member, you can register your interest in being part of the class action by completing the registration form below.

Frequently asked questions

1. Who is conducting the class action?

Johnson Winter Slattery (JWS) are the solicitors that have filed the class action.

JWS is a prominent corporate law firm with significant experience in advising clients on large-scale litigation and class actions. Its litigation partners have been involved in many significant claims and class actions in Australia over the last 20 years. JWS has experience acting for both plaintiffs and defendants in large-scale litigation and class actions related to consumer insurance products, antitrust/competition, corporate, financial services and tax matters.

2. Do I have to pay?

The class action is funded by a large third-party litigation funder. This means there are no upfront costs payable by the group members.

Group members only pay a fee from any recovery they make in the action (akin to ‘no win, no fee’ in that the cost is only taken from a recovery).

If the class action is unsuccessful, group members will not have to pay anything.

3. What if I do not want to be a group member?

In due course, the Court will order an opt out process in the class action for group members.