PlusMarkets

PlusMarkets (operating as Plus Markets) is a proprietary trading firm founded on 23 December 2020. It is registered in Saint Vincent and the Grenadines, with a physical address listed in Limassol, Cyprus, and additional office locations in London and Hong Kong. The firm specialises in providing simulated trading challenges that allow traders to earn real payouts based on performance, without requiring personal capital.

The company positions itself as a trader-built platform focused on rewarding skill and discipline. It claims to have built a community of over 20,000 traders and paid out more than $10 million since inception. PlusMarkets does not hold any regulatory licences from major financial authorities, which is a significant consideration for traders seeking oversight.

PlusMarkets offers access to two trading platforms: MetaTrader 5 (MT5) and DXtrade. MT5 is a widely used multi-asset platform known for its advanced charting, algorithmic trading via MQL5, and support for hedging and netting systems. DXtrade is a newer, web-based platform designed for flexibility and customisation, with intuitive charting and fast execution.

Both platforms are provided to successful challenge participants for simulated trading. The firm does not offer its own proprietary platform. The choice of MT5 and DXtrade indicates a focus on retail-friendly, third-party technology rather than bespoke development.

PlusMarkets structures its offerings into several tiers that function as challenge packages rather than traditional brokerage accounts. These tiers include VIP (minimum deposit $200,000), Advanced-Premium ($50,000), Advanced-Platinum ($25,000), Classic-Gold ($10,000), Classic-Silver ($2,500), and Classic-Bronze ($1,000). The 'min deposit' refers to the fee or initial cost to enter a challenge of that size.

No maximum leverage figures are disclosed by the firm, as these are simulated trading environments. Each tier likely corresponds to the size of the simulated account and potential payout cap. The high minimum for the VIP tier suggests it is aimed at professional or high-net-worth traders seeking larger funding.

As a prop firm, PlusMarkets does not accept client deposits for live trading in the traditional sense. Instead, traders pay challenge fees to access simulated accounts. If they pass the challenge, they receive a funded account and can earn profit splits of up to 90%. The firm advertises a total payout of over $10 million to date.

The website lists payment methods but does not specify them in the available web results. Withdrawals are processed by the firm based on trader performance. The lack of regulated client money segregation means payouts depend entirely on the firm's solvency and willingness to pay.

PlusMarkets is not regulated by any known financial authority. It is registered in Saint Vincent and the Grenadines, a jurisdiction that does not impose regulatory standards on forex or prop trading firms. The company's address in Cyprus is not a regulatory registration but a mailing or office address; it is not licensed by CySEC or any EU regulator.

The firm does claim compliance with global AML and KYC standards, but this is self-reported. For traders, the absence of regulatory oversight means there is no external dispute resolution or compensation scheme. The FXCanary Scam Risk Score of 75/100 (Severe) reflects this lack of regulation and the potential risks inherent in unregulated prop trading models.

PlusMarkets targets retail traders who lack sufficient capital but have trading skills and want to access larger funding. The challenge model appeals to those seeking a merit-based path to trading with firm capital. The firm also caters to international clients, offering support in multiple languages and 24/7 customer service.

Experienced traders may be attracted by the high profit split and the absence of personal risk beyond the challenge fee. However, the lack of regulation and the challenge-based revenue model mean that only those comfortable with the risk profile of an unregulated prop firm should consider participating.