PLUS MARKETS foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.plusmarketslogin.co/#/auth/register?lang=en, about the company's legal and temporary regulatory information, the company's address Egmont St, Box 135, Nanton's Bldg, Kingstown, Saint Vincent and Grenadines.
PLUS MARKETS Forex Broker
Basic Information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Self-developed Suspicious Scope of Business High potential riskCompany profile
Rating Index
Plus Markets Broker - Complete Information Guide
1. Broker Overview
Plus Markets is an online brokerage firm that was established in 2020. The company is headquartered in Cyprus, with additional offices located in Saint Vincent and the Grenadines. As a private entity, Plus Markets primarily serves retail clients looking to trade in various financial markets, including forex, commodities, and cryptocurrencies.
The company has experienced significant milestones since its inception, particularly in establishing a presence in the competitive online trading landscape. It offers a diverse range of financial instruments, catering to both novice and experienced traders. Plus Markets operates as a market maker, providing liquidity and facilitating trades for its clients.
The brokerage aims to create a user-friendly trading environment, enabling clients to access a wide array of assets through its trading platforms. With a focus on customer service and competitive trading conditions, Plus Markets has positioned itself as a viable option for traders seeking to engage in the global financial markets.
2. Regulatory and Compliance Information
Plus Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 282/15. This regulatory framework ensures that the broker adheres to strict financial standards and practices designed to protect investors. The license is valid for an indefinite period, allowing Plus Markets to operate within the regulatory guidelines established by CySEC.
In addition to its regulatory compliance, Plus Markets implements robust measures to safeguard client funds. The company maintains a segregated account policy, ensuring that client funds are kept separate from the company's operational funds. This practice enhances the security of clients' investments and promotes trust in the brokerage's operations.
Furthermore, Plus Markets adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to prevent fraudulent activities and ensure the integrity of its trading environment. These measures are crucial for maintaining compliance with international standards and fostering a safe trading atmosphere.
3. Trading Products and Services
Plus Markets offers a comprehensive range of trading products, including a variety of forex currency pairs, CFDs on indices, commodities, stocks, and cryptocurrencies. The broker provides access to over 60 currency pairs, including major, minor, and exotic pairs, allowing traders to diversify their portfolios.
In addition to forex, Plus Markets offers CFDs on various asset classes, such as:
- Indices: Access to major global indices like the S&P 500 and NASDAQ.
- Commodities: Trading in popular commodities, including oil and gold.
- Stocks: A selection of shares from leading companies across different sectors.
- Cryptocurrencies: Trading opportunities in major cryptocurrencies like Bitcoin and Ethereum.
The broker frequently updates its product offerings to include new financial instruments, ensuring that traders have access to the latest market trends. Plus Markets focuses on providing retail trading services, making it an attractive option for individual traders.
Additionally, Plus Markets may offer institutional client services, including white-label solutions and asset management services, catering to a broader range of clients in the financial industry.
4. Trading Platforms and Technology
Plus Markets supports the MetaTrader 4 (MT4) trading platform, renowned for its advanced trading capabilities and user-friendly interface. MT4 provides traders with a range of tools for technical analysis, automated trading, and access to various trading instruments.
In addition to MT4, Plus Markets offers a web-based trading platform that allows clients to trade directly from their browsers without the need for software installation. This platform is designed for convenience and accessibility, enabling traders to manage their accounts from anywhere with an internet connection.
For mobile trading, Plus Markets provides an application compatible with both iOS and Android devices, allowing traders to stay connected to the markets and execute trades on the go.
The broker operates under an ECN (Electronic Communication Network) execution model, which enhances trade execution speeds and provides clients with access to competitive pricing. Plus Markets ensures that its technology infrastructure is robust, with servers located in secure data centers to facilitate efficient trading operations.
Moreover, the broker supports API integration for automated trading, allowing clients to develop and implement their own trading strategies effectively.
5. Account Types and Trading Conditions
Plus Markets offers several account types tailored to meet the diverse needs of traders. The standard account conditions include:
- Minimum Deposit: €200
- Spread: Variable spreads starting from 1 pip
- Commission: Not specified
For more experienced traders, Plus Markets provides advanced account types, including VIP and professional accounts, which may offer lower spreads and additional benefits.
The broker also offers a demo account policy, allowing potential clients to practice trading with virtual funds before committing real capital. This feature is particularly beneficial for novice traders looking to gain experience without financial risk.
Leverage ratios at Plus Markets vary, with a maximum leverage of up to 1:30 for retail clients, in compliance with ESMA regulations. The minimum trade size is set at 0.01 lots, providing flexibility for traders with different capital levels.
Additionally, Plus Markets charges overnight fees for positions held beyond the trading day, which are calculated based on the market conditions and the specific instruments traded.
6. Fund Management
Plus Markets supports various deposit methods, including:
- Bank Transfers
- Credit/Debit Cards (Visa and MasterCard)
- E-Wallets (Neteller, Skrill)
The minimum deposit requirement varies by account type, with the standard minimum set at €200. Deposits are typically processed within 1-3 business days, depending on the method used.
There are no fees for deposits, allowing clients to fund their accounts without incurring additional costs. However, withdrawal methods may include similar options, with processing times generally ranging from 1-5 business days, depending on the chosen method.
Withdrawal fees may apply, particularly for e-wallet transactions, and clients are advised to review the fee structure on the broker's website for detailed information.
7. Customer Support and Educational Resources
Plus Markets offers customer support through multiple channels, including:
- Phone
- Live Chat
The support team is available 24/5, covering major trading hours to assist clients with their inquiries. The primary language of support is English, catering to a broad range of international clients.
While Plus Markets provides some educational resources, including market analysis and trading tools, the offerings may not be as comprehensive as those of other brokers. Traders can access daily market insights, news updates, and research reports to enhance their trading strategies.
Additionally, the broker offers various trading tools, such as calculators and economic calendars, to assist clients in making informed trading decisions.
8. Regional Coverage and Restrictions
Plus Markets primarily serves clients in Europe, with a focus on the Cyprus and Saint Vincent and the Grenadines markets. The broker has established a presence in these regions to cater to the growing demand for online trading services.
However, certain countries may have restrictions on trading with Plus Markets, including regions where local regulations prohibit foreign brokers from offering services. Clients should verify their eligibility based on their country of residence before opening an account.
In summary, Plus Markets offers a range of trading services and products, backed by regulatory compliance and a commitment to client security. While the broker presents several advantages, potential clients should consider their own trading needs and preferences when evaluating Plus Markets as their trading partner.