PLUS MARKETS

Plus Markets is an online forex and CFD broker registered in Saint Vincent and the Grenadines (SVG), with its official address at Egmont St, Box 135, Nanton's Bldg, Kingstown. The company was founded on October 24, 2023, according to corporate records. It operates primarily through its website at plusmarkets.co.

The broker has no regulatory oversight from any major financial authority, as it is based in an offshore jurisdiction that does not require a license for forex brokerage activities. This lack of regulation is a significant factor for traders to consider when evaluating the safety of funds.

Plus Markets offers the MetaTrader 5 (MT5) platform for its clients. MT5 is a widely-used multi-asset platform known for advanced charting, automated trading via Expert Advisors, and support for multiple order types. The broker provides this platform for both demo and live accounts.

The availability of MT5 suggests a focus on experienced traders who value technical analysis and algorithmic trading. However, no information is available about web-based or mobile-specific versions beyond the standard MT5 offerings.

The broker provides a demo account with $10,000 in virtual funds, intended for educational purposes and practice. For live trading, Plus Markets offers a real account, but detailed information about minimum deposit requirements, leverage, spreads, or additional account tiers is not publicly disclosed on its website.

The known facts indicate that no deposit requirements for real accounts are specified, which may be a barrier for potential clients seeking transparency. The broker's FAQ mentions that users can open a real account by completing a form and receiving guidance from a representative.

Plus Markets primarily focuses on forex trading, as implied by its references to the 'Forex market' and 'active forex account' in promotional materials. The broker does not explicitly list available currency pairs, but typical offerings from similar firms include major, minor, and exotic pairs.

It is unclear whether Plus Markets offers CFDs on other asset classes such as indices, commodities, or cryptocurrencies. Traders seeking multi-asset diversification may need to contact the broker directly for clarification.

No specific information about deposit methods, currencies, or withdrawal procedures is available from the broker's website or known facts. The absence of this information is a common concern with unregulated offshore brokers, as it may indicate limited payment options or potential delays.

The broker's promotion page mentions a 20% bonus on transferred account equity, but does not detail the process for moving funds. Traders should exercise caution and request full terms before committing capital.

Plus Markets claims to offer training courses, free signals, and premium resources to its clients. The website includes a live chat feature and contact forms for support. The availability of educational materials suggests an attempt to cater to beginner traders.

However, the broker's social media presence is limited to Facebook and Instagram, and there are no independent reviews or community feedback to verify the quality of its support or educational content. Traders should approach such claims with skepticism.

Plus Markets is not regulated by any recognised financial authority such as the FCA, CySEC, or ASIC. It operates under a business registration in Saint Vincent and the Grenadines, which does not impose regulatory requirements for forex brokers. This means there is no external oversight of client fund segregation, financial reporting, or dispute resolution.

The lack of regulation significantly increases the risk of fraud, misappropriation of funds, or unfair trading practices. Traders considering Plus Markets should be aware that they have no recourse to a regulatory ombudsman if issues arise. FXCanary's scam risk score of 49/100 (Guarded) reflects these concerns.