Headquartered in Kingstown, Saint Vincent and the Grenadines, PlusMarkets is an online retail broker that allows traders to buy and sell various financial instruments across different asset classes — forex, shares, cryptocurrencies, indices, commodities, and CFDs. Trades are executed via the intuitive MT4 trading platform, which is available in desktop, web, and mobile versions. There are educational resources, trading tools, and a customer support team available to assist traders. The minimum deposit required to begin trading is $250.
PlusMarkets Review, Pros & Cons
- Advanced trading platforms
- Educational resources
- Trading Central
- Multiple account types
- Over 300 financial instruments
- Unregulated brokerage firm
- Minimum $250 deposit
- Limited deposit/withdrawal options
- No USA traders
In this detailed PlusMarkets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
PlusMarkets is a multi-asset brokerage firm that gives traders access to various financial markets. They operate using the STP execution model, which offers direct access to the interbank markets. Traders get to enjoy trading conditions including multiple account types, spreads from 0.1 pips, leverage of up 1:500, and more.
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. However, there is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
UR Trade Global LLC does not provide services to residents of certain jurisdictions/countries, including, but not limited to, Central African Republic, Chad, Democratic People’s Republic of Korea (North Korea), Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Guyana, Iran, Iraq, Lao People’s Democratic Republic, Libya, Republic of South Sudan, Republic of Sudan, Somalia, Syria, Tajikistan, Turkmenistan, United States of America, Uzbekistan and Yemen, or to residents of any jurisdiction where such distribution would be contrary to local laws and regulations.
Some PlusMarkets features and products mentioned within this PlusMarkets review may not be available to traders from certain countries because of legal restrictions.
At PlusMarkets, trades are executed via the MT4 trading platform, an advanced trading platform that was launched in 2005. The platform provides you with live quotes, real-time charts, in-depth news & analytics, tailored tutoring, as well as a host of order management tools and indicators. It offers a rich and user-friendly interface in a highly customisable trading environment to help improve your trading experience.
The MT4 trading platform is available as a desktop application for Windows and Mac computers, and a web version that can run directly on most modern web browsers — Chrome, Safari, Firefox, and Edge — without the need to download or install any additional software. There is also a mobile app that is designed for Android and iOS mobile devices.
The broker also provides traders with the PlusMarkets platform, which is an in-house-developed trading platform that is available in the web version. Some essential features of the PlusMarkets trading platform include support for all available asset classes, one-click trading, multiple timeframes, multiple chart types, and advanced order types.
PlusMarkets Trading Tools
In addition to the trading tools that were built into the available trading platforms, the broker provides traders with some standalone trading tools to enhance their overall trading experience. The available trading tools include technical analysis, Fibonacci calculators, pivots calculators, currency converter, Trading Central, economic calendar, and more.
PlusMarkets makes available a rich variety of educational resources on their website. Some of them include market reviews, glossaries, blogs, seminars, an FAQ section, and market news that keeps traders up to date with the latest happenings in the financial markets.
PlusMarkets offer the following trading instruments: forex, shares, cryptocurrencies, indices, commodities, and CFDs.
PlusMarkets Accounts & Fees
There is a choice of six live trading account options on the broker’s website. Traders are allowed to choose the account type that best suits their trading objectives and capital. The account types and their corresponding minimum deposit requirements are as follows: Bronze (€ 1000), Silver (€ 2,500), Gold (€ 10,000), Platinum (€ 25,000), Premium (€ 50,000), and VIP (€ 200,000) Accounts. A demo account is available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this PlusMarkets review. It is imperative to ensure that you check and understand all of the latest information before you open a PlusMarkets broker account for online trading.
The broker’s support team can be reached via the following contact channels: telephone, email, online form, and Live Chat.
PlusMarkets Deposit & Withdrawal
PlusMarkets accepts only major credit/debit cards — Visa, MasterCard, and Maestro — for both account deposits and withdrawal purposes.
PlusMarkets Account Opening
Opening an account with PlusMarkets involves a straightforward process: simply click on the ‘Open Account’ tab on the broker’s website. Ensure you properly fill out the account application form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
PlusMarkets is a retail broker that operates from Saint Vincent and the Grenadines. They provide traders with various trading platforms to help ensure seamless trading of multiple financial assets. The minimum deposit required to begin trading is $250, and leverage of up to 1:500 is available.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.