Plus Market Ltd 2025 Review: Everything You Need to Know
In this comprehensive review of Plus Market Ltd, we delve into the broker's offerings, user experiences, and regulatory standing. Overall, Plus Market Ltd has garnered significant criticism due to its lack of proper regulation and transparency issues, raising concerns about its legitimacy. Key findings include its unauthorized NFA regulation and a non-functional website, which hinder potential traders from making informed decisions.
Note: It's crucial to highlight that different entities operate under the Plus Market Ltd name across various regions, which can lead to confusion. This review aims to provide a balanced view based on available information, ensuring fairness and accuracy.
Rating Overview
How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and factual data gathered from various sources.
Broker Overview
Plus Market Ltd, registered in the United Kingdom, is an online retail broker that allows traders to buy and sell various financial instruments. However, it operates under the unauthorized NFA regulation, which raises significant red flags. The broker claims to offer trading on the MetaTrader 5 platform, appealing to users with its advanced features. Yet, the lack of a functional website has left many potential users in the dark regarding its operations.
Detailed Breakdown
Regulatory Regions: Plus Market Ltd has no valid regulatory license, operating under unauthorized NFA regulations. This absence of oversight raises concerns about the safety of client funds and the overall trustworthiness of the broker.
Deposit/Withdrawal Currencies/Cryptocurrencies: The broker primarily operates with Euro (EUR) for deposits, with a minimum deposit requirement set at €1,000. The withdrawal options are limited, and users have reported difficulties in accessing their funds.
Minimum Deposit: The minimum deposit for opening an account with Plus Market Ltd is €1,000, which is significantly higher than the industry average. This requirement may deter new traders looking to start with smaller amounts.
Bonuses/Promotions: There are currently no bonuses or promotional offers available, which is a common trend among regulated brokers in the EU due to tightened regulations.
Tradable Asset Classes: Plus Market Ltd claims to offer a diverse range of trading instruments, including forex, commodities, indices, and cryptocurrencies. However, the lack of transparency regarding these assets has left potential traders uncertain.
Costs (Spreads, Fees, Commissions): The broker advertises spreads starting from 0.1 pips on major currency pairs. However, the lack of clarity about additional fees and commissions raises concerns about the overall cost of trading with Plus Market Ltd.
Leverage: Plus Market Ltd offers leverage up to 1:200 for professional clients, while non-professional clients are capped at 1:30 in compliance with ESMA guidelines. This leverage ratio can increase the risk of significant losses, particularly for inexperienced traders.
Allowed Trading Platforms: The broker provides access to the MetaTrader 5 platform, known for its advanced trading capabilities. However, the absence of a functional website prevents users from accessing essential information about its features.
Restricted Regions: Due to its unauthorized status, Plus Market Ltd may not be available to traders in certain jurisdictions, particularly those with strict regulatory frameworks.
Available Customer Service Languages: Customer service is primarily offered in English, with limited support options available through email. Users have reported slow response times and a lack of assistance regarding their inquiries.
Repeated Rating Overview
Detailed Evaluation
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Account Conditions: The account types offered by Plus Market Ltd, including Bronze, Silver, Gold, Platinum, Premium, and VIP, require high minimum deposits, which may not be accessible for all traders. The high entry barrier and lack of transparency regarding account features contribute to a low score in this category.
Tools and Resources: While the broker claims to offer a demo account, the non-functional website hampers access to essential trading tools and educational resources. This lack of support significantly impacts the user experience, leading to a lower rating.
Customer Service and Support: User feedback indicates that Plus Market Ltd's customer service is lacking, with many users reporting slow response times and difficulties in resolving issues. This poor support structure contributes to the overall distrust surrounding the broker.
Trading Setup (Experience): The trading experience on the MetaTrader 5 platform is generally positive; however, the absence of clear information and support from the broker diminishes the overall trading experience.
Trustworthiness: The lack of regulatory oversight and the unauthorized NFA status raise serious concerns about the reliability and safety of trading with Plus Market Ltd. Users are advised to exercise caution and consider alternative brokers with better regulatory compliance.
User Experience: Overall user experiences have been mixed, with many expressing dissatisfaction due to the broker's lack of transparency and support. The high minimum deposit requirements and unclear fee structures further complicate the user experience.
In conclusion, while Plus Market Ltd offers various account types and a popular trading platform, significant issues regarding its regulatory status, website functionality, and customer support suggest that it may not be a safe or legitimate choice for traders. We recommend exploring alternative brokers with clearer regulatory compliance and operational transparency to ensure a safer trading experience.
