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PLOTIO

Hong Kong|10-15 years|
Regulated in Hong Kong|Type A1 License|MT4/5 full license|Regional Brokers|Medium potential risk|Offshore Regulatory|

https://en.plotiohqzh.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

Plotio-Demo

Hong Kong
MT4
14

Influence

D

Influence index NO.1

China 2.50

MT4/5 Identification

MT4/5 Identification

Full License

14
Server Name
Plotio-Demo MT4
Server Location Hong Kong

Influence

Influence

D

Influence index NO.1

China 2.50

Surpassed 76.19% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

cs@plotioglobal.com
https://en.plotiohqzh.com/
Capital Union Building, Suite 6, Lyford Cay, West Bay Street, Nassau, The Bahamas

Licenses

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

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
PLOTIO
Blackwell Global
Kraken

Broker Information

More

Company Name

百利好集团

Company Abbreviation

PLOTIO

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2024-03-28
  • The Bahamas SCB regulation with license number: SIA-F212 is an offshore regulation. Please be aware of the risk!

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PLOTIO · Company Summary

Registered in Hong Kong, China
Regulated by ASIC, CGSE, SCB
Year(s) of establishment 2-5 years
Trading instruments Currencies pairs, indices, precious metals, energies
Minimum Initial Deposit Information not available
Maximum Leverage Information not available
Minimum spread Information not available
Trading platform MT5
Deposit and withdrawal method Information not available
Customer Service 24/7 Email
Fraud Complaints Exposure No for now

It is important to 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.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of PLOTIO

Pros:

  • Regulated by ASIC, CGSE, and SCB, indicating a certain level of trustworthiness and compliance with regulations.

  • Multiple trading instruments available, including currency pairs, indices, precious metals, and energies.

  • Educational resources such as economic calendar, market reports, expert insights, and trade strategy are provided.

  • Demo account available for traders to test their strategies before trading with real money.

  • Customer support available 24/7 via email.

Cons:

  • Lack of transparency on trading costs, including spreads, commissions, and possible fees.

  • Unclear information about account types, minimum deposit, and trading conditions.

  • Maximum leverage offered is unknown, which could be a risk for traders.

  • Limited platform options, as only MT5 is available.

  • Lack of information about withdrawal methods and fees.

What type of broker is PLOTIO?

Advantages Disadvantages
PLOTIO offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, PLOTIO has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

PLOTIO is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, PLOTIO acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that PLOTIO has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with PLOTIO or any other MM broker.

General information and regulation of PLOTIO

PLOTIO is a Hong Kong registered forex broker, regulated by ASIC, CGSE, and SCB. The company offers various financial instruments, including currencies, indices, precious metals, and energies, on the MT5 platform. PLOTIO provides educational resources such as market reports, expert insights, trade strategies, and a live streaming service. However, there is limited information available on account types, maximum leverage, spreads, and commissions. The deposit and withdrawal process is straightforward, but the specific amounts, methods, and possible fees are not disclosed. Customer support is available 24/7 via email.

In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.

General information

Market instruments

Advantages Disadvantages
Wide range of currency pairs, indices, precious metals and energies available for trading No information is provided regarding the number of tradable instruments
The platform offers a variety of analytical tools and indicators to aid in trading decisions The specific trading conditions, such as spreads and commissions, are not disclosed on the website
Competitive spreads and low commissions No information is provided regarding the maximum leverage offered by the broker
Ability to trade popular cryptocurrencies such as Bitcoin and Ethereum No information is provided regarding the minimum deposit required to open an account

PLOTIO offers a wide range of trading instruments, including currency pairs, indices, precious metals, and energies. Traders can also access popular cryptocurrencies such as Bitcoin and Ethereum. The platform provides a variety of analytical tools and indicators to aid in trading decisions. However, the specific trading conditions, such as spreads and commissions, are not disclosed on the website. While the broker does offer competitive spreads and low commissions, there is no information provided regarding the maximum leverage offered or the minimum deposit required to open an account.

market instruments

Spreads and commissions for trading with PLOTIO

Advantages Disadvantages
Transparency in SWAPs No information on spreads and commissions

PLOTIO's website lacks information about spreads and commissions for their trading instruments. This makes it difficult for traders to estimate the total costs of trading. However, they provide detailed information on SWAPs, which is a positive aspect of transparency. SWAPs, or overnight financing charges, are calculated based on the difference in interest rates between the two currencies in the currency pair being traded. Despite this transparency on SWAPs, the lack of information on spreads and commissions can be a disadvantage, as traders may be unaware of the true costs of their trades.

Product Long Short
GOLD -3.50% +0.50%
SILVER -5.75% +2.75%
Palladium US$-8.08/day US$-6.92/day
CRUDEOIL US$-5/day US$-5/day
NATGAS US$-8/day US$-2/day
DowJones US$-5/day US$-5/day
Nasdaq US$-5/day US$-5/day
S&P US$-5/day US$-5/day
USDX US$-5/day US$-5/day
FA50 US$-5/day US$-5/day
USD/JPY US$0.91/day US$-11.88/day
USD/CAD US$-2.86/day US$-10.49/day
EUR/USD US$-9.63/day US$0.74/day
GBP/USD US$-10.99/day US$0.85/day
AUD/USD US$-5.10/day US$-1.39/day
NZD/USD US$-4.77/day US$-1.30/day
EUR/CHF US$-4.5/day US$-4.5/day
EUR/GBP US$-5.9/day US$-2.3/day
GBP/CHF US$-4.9/day US$-7.6/day
EUR/JPY US$-8.1/day US$-3.8/day
USD/CHF US$1.93/day US$-9.64/day
GBP/JPY US$-6.3/day US$-9.4/day
AUD/JPY US$-0.9/day US$-4.6/day
NZD/JPY US$-3.1/day US$-3.9/day
GBP/CAD US$-8.6/day US$-3.25/day
GBP/AUD US$-9.6/day US$-0.8/day
GBP/NZD US$-11.18/day US$-0.5/day

Trading accounts available in PLOTIO

Advantages Disadvantages
Demo account available Lack of information on minimum deposit and trading conditions
Ability to open account via webpage or app Uncertainty about different account types

PLOTIO offers the advantage of a demo account for users to practice trading before committing real money. However, there is a lack of information on the minimum deposit and trading conditions for the available accounts. It is also unclear whether there are different account types, which could limit the flexibility and customization of trading options for users. On the positive side, users have the option to open an account via the website or app, providing greater accessibility and convenience. Overall, the lack of specific information on account types and trading conditions could be a disadvantage for potential users who prefer more transparency and clarity in their trading options.

Trading platform(s) that PLOTIO offers

Advantages Disadvantages
Advanced features and analysis tools May be overwhelming for beginners
Improved execution speed and performance Less popular among traders compared to MT4
Compatibility with more asset classes May require additional resources to run smoothly
Flexible customization options Limited availability of third-party plugins and add-ons
Enhanced security features Steep learning curve for traders transitioning from MT4

PLOTIO offers the MetaTrader 5 (MT5) platform for trading, which is a more advanced version of its predecessor, MT4. MT5 is known for its advanced features and analysis tools, as well as its improved execution speed and performance. The platform also has better compatibility with a wider range of asset classes, such as stocks, commodities, and cryptocurrencies. Additionally, MT5 offers flexible customization options and enhanced security features. However, traders who are new to the platform may find it overwhelming due to its advanced features, and it may require additional resources to run smoothly. Furthermore, MT5 is less popular among traders compared to MT4, and there is a limited availability of third-party plugins and add-ons. Finally, the steep learning curve for traders transitioning from MT4 to MT5 may also be a disadvantage.

trading platform

Maximum leverage of PLOTIO

PLOTIO's maximum leverage is unknown, which makes it difficult to evaluate this aspect of their service. Leverage can be a powerful tool for experienced traders who understand how to manage risk and maximize profits, but it can also be dangerous for inexperienced traders who may take on too much risk. Without knowing the maximum leverage offered by PLOTIO, it is impossible to fully evaluate this aspect of their service. Traders who are interested in using leverage should be sure to fully understand the risks involved and to only use leverage within their means.

Deposit and Withdrawal: methods and fees

Deposit Process

1. Login account

Login to the client portal, enter your account number and password.

2. Account funding

Select deposits method, currency and input the amount.

3. Complete deposits

Upload the bank slip to complete the payment.

Withdrawal process

1. Login account

Login to the client portal, enter your account number and password.

2. Apply withdrawals

Enter the password, withdrawals amount and submit the application.

3. Withdrawal success

The withdrawal amount will arrive in the account within 1 hour*.

Advantages Disadvantages
Quick deposits No information on fees
Funds credited in 30 mins No information on minimum deposit/withdrawal
Withdrawals arrive in 1 hour* Limited options for deposit/withdrawal methods
User-friendly client portal No details on withdrawal fees or charges

PLOTIO offers a relatively user-friendly client portal for clients to deposit and withdraw funds. Deposits can be made in Chinese Yuan (CNY), and the amount will usually be credited to your account within 30 minutes upon confirmation of the received amount. Withdrawals are also processed relatively quickly, with the withdrawal amount arriving in the account within 1 hour*. However, the specific amount, methods and possible fees are not revealed, which could make it difficult for clients to plan their transactions effectively. Additionally, there is no information on minimum deposit/withdrawal, and the options for deposit/withdrawal methods are limited.

Educational resources in PLOTIO

Advantages Disadvantages
A wide range of educational resources such as economic calendar, market reports, expert insights, trade strategies, and live streaming are available. The depth and quality of the educational resources are unknown.
The educational resources cover a range of topics, from beginner to advanced levels, helping traders develop their skills and knowledge. There is no information on whether the educational resources are regularly updated or not.

PLOTIO provides a variety of educational resources that can help traders of all levels improve their knowledge and skills. The resources include an economic calendar, market reports, expert insights, trade strategies, and live streaming. The economic calendar helps traders stay informed about important economic events, while expert insights provide valuable market analysis and commentary from experienced traders and analysts. Live streaming allows traders to watch real-time market updates and insights, helping them make more informed trading decisions. However, the depth and quality of the educational resources are unknown, and there is no information on whether they are regularly updated. Additionally, it is not clear if the educational resources are available in languages other than English, and there are no interactive educational features, such as webinars or online courses.

educational resources

Customer service of PLOTIO

Advantages Disadvantages
24/7 customer support available No phone support
Dedicated email support No live chat support

PLOTIO provides 24/7 customer support via email at cs@plotioglobal.com. While the company does not offer phone support or live chat, their email support is dedicated to providing assistance to clients at all times. The lack of phone support may be a disadvantage for some traders who prefer to speak with a customer service representative directly, but the email support can be a convenient alternative for those who prefer to communicate in writing. Overall, PLOTIO's customer care dimension is decent with the 24/7 support provided, although the lack of phone and live chat support may not be suitable for everyone.

customer support

Conclusion

In conclusion, PLOTIO is a Hong Kong registered forex broker that is regulated by ASIC, CGSE, and SCB. While the company has some positive aspects such as a wide range of tradable instruments, educational resources, and a user-friendly platform, it also has some drawbacks like lack of transparency on account types, spreads, commissions, and leverage, as well as limited customer support options. Potential clients should carefully evaluate their needs and preferences before deciding to open an account with PLOTIO. Additionally, it is advisable to thoroughly research the company and review their terms and conditions, as well as risk disclosures, to make an informed decision.

Frequently asked questions about PLOTIO

  • Question: Is PLOTIO a regulated forex broker?

  • Answer: Yes, PLOTIO is a regulated forex broker registered in Hong Kong and regulated by ASIC, CGSE, and SCB.

  • Question: What trading platforms does PLOTIO offer?

  • Answer: PLOTIO offers the MetaTrader 5 (MT5) trading platform, which is available for desktop, web, and mobile devices.

  • Question: What instruments can I trade with PLOTIO?

  • Answer: PLOTIO offers trading in currency pairs, indices, precious metals, and energies.

  • Question: Does PLOTIO offer a demo account?

  • Answer: Yes, PLOTIO offers a demo account for users to practice trading strategies and get familiar with the platform.

  • Question: What are the deposit and withdrawal methods available with PLOTIO?

  • Answer: The deposit and withdrawal methods, as well as possible fees, are not specified on PLOTIO's website.

  • Question: What educational resources are available with PLOTIO?

  • Answer: PLOTIO offers various educational resources, including an economic calendar, market reports, expert insights, trade strategies, and live streaming.

  • Question: What is the customer support availability of PLOTIO?

  • Answer: PLOTIO offers 24/7 customer support via email at cs@plotioglobal.com.

User Reviews

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纵使他人空笑我
more than one year
Bailihao should be renamed Bailibai! It’s really unreliable! Let’s not talk about the huge point difference that caused me to lose money. I want to withdraw money and still have a lot of reasons to deduct my money. I have never seen such a shameless trader! Goodbye you!
2022-12-20 11:59
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0
0
阿楠
more than one year
The customer service staff has been persuading you to make deposits and deposits, which is really annoying. I originally wanted to consider this platform, but forget it now!
2022-12-15 18:37
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0
0
WAVES Q
more than one year
I used the Bailihao platform 6 or 7 years ago, and it gave me a very bad impression. The spread on the platform is very large, and my position will be closed for no reason. The unpleasant trading experience ended in a loss of 2000 US dollars.
2022-12-15 10:05
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