PLUS MARKETS Broker Review

Plus Markets 2025 Review: Everything You Need to Know

　　Summary: The overall evaluation of Plus Markets reveals a mixed picture. While some sources highlight its regulatory status and the availability of popular trading platforms, numerous user reviews express concerns about transparency, customer service, and withdrawal difficulties. The broker operates under multiple entities, which complicates its trustworthiness.

　　Note: It's important to be aware that Plus Markets operates under different regional entities, which may affect its regulatory status and user experience. This review aims to provide a fair and accurate assessment based on available data.

Rating Overview

　　We assess brokers based on user feedback, expert opinions, and factual data from multiple sources.

Broker Overview

　　Founded in 2020, Plus Markets is a trading name of Ur Trade Fix Ltd., a Cyprus-based investment firm regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker offers trading on the widely used MetaTrader 4 platform and provides access to various asset classes, including forex, commodities, cryptocurrencies, and indices. Despite its regulatory status, concerns about transparency and user experience have been raised in several reviews.

Detailed Section

• 　　Regulated Geographic Areas: Plus Markets is primarily regulated in Cyprus under CySEC, which provides a level of oversight. However, the effectiveness of this regulation has been questioned due to the broker's operational practices and past compliance issues.

• 　　Deposit/Withdrawal Methods: The broker supports several funding methods, including credit/debit cards and bank wire transfers. However, withdrawal fees can be high, with charges of $30 for wire transfers and $15 for credit card withdrawals, which many users find excessive.

• 　　Minimum Deposit: The minimum deposit requirement is set at €200, which is relatively standard in the industry. However, some sources indicate that higher account tiers are encouraged, leading to confusion among potential clients.

• 　　Bonuses/Promotions: There are currently no significant promotions or bonuses offered by Plus Markets, which is in line with regulatory restrictions in the EU.

• 　　Tradable Asset Classes: Traders can access a variety of assets, including forex pairs, commodities like gold and oil, cryptocurrencies, and indices. This diverse offering allows traders to build a well-rounded portfolio.

• 　　Costs (Spreads, Fees, Commissions): Plus Markets advertises spreads starting from 0.1 pips; however, many reviews suggest that actual trading conditions may vary. Additional fees, particularly for withdrawals, have been criticized for lacking transparency.

• 　　Leverage: The maximum leverage offered is up to 1:30 for retail clients, in compliance with ESMA regulations. This conservative leverage cap is intended to protect traders from excessive risk.

• 　　Allowed Trading Platforms: The primary trading platform is MetaTrader 4, a popular choice among traders for its user-friendly interface and advanced features. Additionally, a web-based platform is available, although it is generally considered less reliable.

• 　　Restricted Regions: Plus Markets does not accept clients from certain regions, including the United States, which is a common practice among many forex brokers due to regulatory restrictions.

• 　　Available Customer Support Languages: Support is offered primarily in English, which may limit accessibility for non-English speaking traders. Users have reported mixed experiences with response times and quality of support.

  　　

Repeated Rating Overview

Detailed Breakdown of Ratings

• 　　Account Conditions (5/10): Plus Markets offers a variety of account types, but the minimum deposit and tiered structures can be confusing. User feedback indicates that the account setup process lacks clarity.

• 　　Tools and Resources (4/10): The broker provides access to the MetaTrader 4 platform, which is equipped with essential trading tools. However, the absence of a demo account limits traders' ability to practice before committing real funds.

• 　　Customer Service and Support (3/10): Customer support has received significant criticism, with users reporting long wait times and inadequate responses. This aspect is crucial for new traders who may require assistance.

• 　　Trading Setup (5/10): The trading experience is generally satisfactory, with competitive spreads advertised. However, the lack of transparency regarding actual trading costs has raised concerns.

• 　　Trustworthiness (4/10): While Plus Markets is regulated by CySEC, the broker's operational practices and user experiences suggest that caution is warranted when considering this broker.

• 　　User Experience (3/10): User reviews frequently highlight issues with withdrawals and overall transparency, which detracts from the overall trading experience.

　　In conclusion, the Plus Markets review indicates that while the broker offers a range of trading options and is regulated, potential clients should approach with caution due to concerns about transparency and customer support. It is advisable to thoroughly research and consider alternative brokers with better reputations and user experiences.