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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Plus Market Ltd

United Kingdom|2-5 years|
White label MT5|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.plus-forex.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
PlusMarket-Live MT5
Server Location Hong Kong

Contact

support@plus-fx.com
https://www.plus-forex.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Plus Market Ltd

Company Abbreviation

Plus Market Ltd

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-05-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0539156) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

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Plus Market Ltd · Company Summary

NOTE: Plus Market Ltds official site - https://www.plus-forex.com/ and https://www.plus-fx.com/Index/Info is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Plus Market Ltd Review Summary
Founded N/A
Registered Country/Region United Kingdom
Regulation NFA (Unauthorized)
Demo Account Available
Levarage Up to 1:200
Spread From 0.1 pips
Minimum Deposit EUR 1000
Trading Platforms Meta Trader 5
Customer Support Email: support@plus-fx.com
Email: assistance-en@kiplar.com

What is Plus Market Ltd?

Registered in the United Kingdom, Plus Market Ltd is an online retail broker that allows traders to buy and sell various financial instruments. Users of different account types can carry out their trade on Meta Trader 5. However, the regulatory status of NFA is unauthorized.

Plus Market Ltd

Pros & Cons

Pros Cons
  • Reliable Trading Platform
  • Unauthorized NFA regulation
  • Various Account Types
  • Non-functional Official Website
  • Available Demo Account
  • Opaque Information

Pros:

  • Reliable Trading Platform: The broker offers trading services on the Meta Trader 5 platform, which is known for its reliability and user-friendly interface.

  • Various Account Types: Plus Market Ltd provides users with different account types, including Bronze, Silver, Gold, Platinum, Premium, and VIP, allowing traders to choose an option that suits their trading needs.

  • Available Demo Account: The demo account allows users to practice trading with virtual funds, gaining experience and confidence without the risk of losing money.

Cons:

  • Unauthorized NFA Regulation: The broker is not authorized by the NFA, which indicates risks in operation.

  • Non-functional Official Website: The official website is not functional currently, which prevents users from learning more about the company.

  • Opaque Information: There is a lack of clear and transparent information available about the broker, which makes it difficult for traders to make informed decisions.

Is Plus Market Ltd Safe or Scam?

Plus Market Ltd, licensed with a Common Financial Service License of No.0539156, operates under the unauthorized NFA regulation. And the non-functional website is also red flags for risks. The limited transparency regarding its operations further complicates assessing its safety. In summary, it is highly unlikely that Plus Market Ltd is a safe or legitimate broker.

unauthorized NFA license

Account Types

Plus Market Ltd offers six trading account options to cater to traders with varying levels of experience and capital.

  • Bronze Account: The Bronze Account is the basic account option, requiring a minimum deposit of €1,000. This account type is suitable for beginners or traders looking to start with a smaller initial investment.

  • Silver Account: The Silver Account requires a minimum deposit of €2,500. This account type is suitable for traders who want a more comprehensive trading experience.

  • Gold Account: The Gold Account is a higher-tier option that requires a minimum deposit of €10,000. This account type is suitable for more experienced traders or those with larger trading capital.

  • Platinum Account: The Platinum Account is a premium option that requires a minimum deposit of €25,000. This account type is suitable for high-net-worth individuals or traders seeking personalized services.

  • Premium Account: The Premium Account is a top-tier option that requires a minimum deposit of €50,000. This account type is suitable for experienced traders or institutional clients.

  • VIP Account: The VIP Account is the most exclusive option, requiring a minimum deposit of €200,000. This account type is suitable for very experienced traders or high-net-worth individuals.

Leverage

Plus Market Ltd offers leverage up to 1:200 to professional clients, which means that these clients can trade positions up to 200 times the amount of capital they have in their trading account.

For non-professional clients, the maximum leverage offered is up to 1:30, as per ESMA's guidelines. This lower leverage limit is intended to reduce the risk of large losses for retail investors who do not have the same level of experience or understanding of the risks associated with leveraged trading.

Spreads & Commissions

Plus Market Ltd advertises spreads as low as 0.1 pips on major currency pairs. This means that for a major currency pair like EUR/USD, the difference between the buying and selling price is as low as 0.1 pips. Low spreads can be beneficial for traders as they can reduce the cost of trading, especially for those who trade frequently or use strategies that rely on small price movements.

Trading Platform

Plus Market Ltd offers the MetaTrader 5 (MT5) trading platform to its clients. MetaTrader 5 is a popular platform among traders and brokers, known for its advanced trading capabilities and user-friendly interface. The MT5 platform provides access to a wide range of trading instruments. It offers various features such as advanced charting tools, technical analysis indicators, and customizable trading strategies. Traders can also access the platform from different devices, including desktops, smartphones, and tablets, allowing for trading on the go.

MT5

Customer Service

Plus Market Ltd provides customer service through email. Clients can reach out to the support team via two email addresses: support@plus-fx.com and assistance-en@kiplar.com.

Conclusion

While Plus Market Ltd offers a variety of account types and a popular trading platform, there are significant issues regarding their unauthorized regulatory status, non-functional website, and lack of transparent information, which suggest risks associated with this broker. We recommend you looking for alternative brokers with clearer regulatory compliance and operational transparency.

Frequently Asked Questions (FAQs)

Q: Is Plus Market Ltd regulated?
A: No, the NFA regulation is currently unauthorized.
Q: What trading platforms does Plus Market Ltd offer?
A: Meta Trader 5.
Q: What is the minimum deposit of Plus Market Ltd?
A: EUR 1000.
Q: Does Plus Market Ltd offer a demo account?
A: Yes.
Q: What leverage does Plus Market Ltd offer?
A: It offers leverage up to 1:200 for professional clients and up to 1:30 for non-professional clients, in line with ESMA's guidelines.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

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Comments

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Atiluer
more than one year
Plus Market Ltd is top-notch. Their execution speed is usually lightning-fast. I've traded in various market conditions, and even during major news events, slippage is minimal. For those looking to up their trading game, Plus Market Ltd offers a wealth of educational materials and webinars.
2024-02-07 16:32
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静心11773
more than one year
They force you to open a live account if you want to use a demo account for more than 1 month. I complained multiple times about this, but nothing was done so enough is enough on that matter. My real trading here did not go well all the time due to its unstable trading platform. I have not used so terrible mt5 trading platform and I doubt it is not the correct version. Anyway, I don’t want to say much about this broker. Just stay away.
2023-03-23 10:06
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0
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FX1209760213
more than one year
Jesus, Plus Market’s trading platform was terrible, with terrible indicators, always giving me wrong trading signals. Put it simply, they just want you to lose money. THESE THIVES!!!
2023-02-16 09:47
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