PlusMarkets is an online trading broker that operates from Kingstown, Saint Vincent and the Grenadines. They provide traders with the intuitive MT4 platform for trading multiple financial markets across different asset classes, such as forex, shares, cryptocurrencies, indices, commodities, and CFDs. In addition, their clients are provided with various learning materials, helpful trading tools, and the services of a reliable client support team. Other vital features of the broker include multiple account types, spreads from 0.1 pips, leverage of up to 1:500, and more. The minimum deposit required to start trading is $250.
PlusMarkets Review Introduction
In this PlusMarkets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including PlusMarkets.
PlusMarkets Platforms & Tools
The broker provides traders with the MT4 and a proprietary trading platform. While PlusMarkets is a web-based trading platform that is developed in-house to ensure hassle-free trading of various financial assets, MT4 trading is a popular online forex trading platform that was introduced in 2005. The MetaTrader 4 platform is designed for all styles of traders. Whether you prefer to trade using automated algorithms, technical indicators, or fundamental analysis, MetaTrader 4 provides you a streamlined and focused trading experience. The MT4 trading platform is available as a desktop application for Windows and Mac computers, WebTrader that runs directly on modern web browsers, and a mobile app that is compatible with Android and iOS devices. The mobile app can be downloaded from the relevant app stores and used to place trades and check trading positions while on the go as long as you are connected to the internet.
To ensure traders get an enhanced trading experience, the broker makes available a good selection of useful trading tools, such as technical analysis, Fibonacci calculators, pivots calculators, currency converter, Trading Central, economic calendar, and more.
PlusMarkets Research & Education
Various learning resources are provided on the broker’s website, and they include market reviews, glossaries, blogs, seminars, market news, and an FAQ section that answers the clients’ most common questions.
PlusMarkets Trading Accounts
PlusMarkets offers the following live trading account options: Bronze (€ 1000), Silver (€ 2,500), Gold (€ 10,000), Platinum (€ 25,000), Premium (€ 50,000), and VIP (€ 200,000) Accounts. A demo account option is available to help traders get acquainted with the broker’s platforms before opening a live trading account.
PlusMarkets Account Funding
The broker allows clients to deposit and withdraw funds to and from their trading accounts using various credit/debit cards, such as Visa, MasterCard, and Maestro.
PlusMarkets Customer Service
The broker provides traders with a knowledgeable client support team who are polite and prompt in response. The support team can be reached via telephone, email, online form, and Live Chat.
Plusmarkets is a trading name of UR Trade Global LLC, a company incorporated under the laws of Saint Vincent & the Grenadines with registration number 624 LLC 2020. But the broker is not regulated by any known financial authority at the moment.
PlusMarkets Review Summary
In conclusion, PlusMarkets is an online retail broker that allows traders to buy and sell multiple trading instruments via the intuitive MT4 trading platform, which is available in desktop, web, and mobile versions. The broker provides traders with the right resources to ensure a hassle-free trading process. There is a choice of six live trading account options with a minimum deposit of $250. But, there is no regulatory information on the broker’s website at the moment.
It is worth mentioning that some of the trading products and services in this PlusMarkets review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the PlusMarkets broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.