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PlusMarkets is a well-polished website that claims to deal with forex trading. The company has a generally positive client response, and it is licensed by the Financial watchdog CySec. The website checks out, but the company’s only major drawback is not disclosing information about its team and founders. Invest with transparent forex trading companies.
PlusMarkets is a company that allows you to trade CFDs on forex, cryptocurrencies, and a plethora of other assets. The company claims to provide the best trading environment in the market. They operate an MT4 platform with a lot of features.
It is hard to find a company that cares about customer satisfaction. This company shows a lot of dedication in serving its clients. They are providing a range of tradable assets on one of the most popular trading platforms.
However, there is a lack of transparency in this company. This puts a damper on their claim of being the best in the market. You should only invest in companies that operate with full transparency. That is the best way to identify a safe trading environment.
This company only needs to address this issue, and they are good to go. In the meantime, there are many companies in the market that already operate with full transparency. Only use the top legitimate forex brokers in the market. They will offer you great services without compromising on your peace of mind.
Plusmarkets.eu is a well-crafted website that is professional. The company offers enough information to clients upfront. There are several assets listed on the website that you can trade. These include forex, shares, cryptocurrencies, indices, commodities, and CFDs.
This is refreshing because it offers clients a range of trading options. Consequently, clients can spread the risk of investment across several assets. Additionally, the company operates an MT4 trading platform.
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This enables quick execution and fast transactions. This ensures that clients do not miss out on trade opportunities. Moreover, the guarantee Straight Through Processing (STP). Therefore, traders should expect a fast trading platform.
Further, the company shows interest in serving novice traders. This is because they provide educational material on the website. This consists of several video courses introducing traders to the various markets.
Additionally, the company provides an economic calendar, market reviews, and news. This helps in keeping traders up to date with market events. Consequently, they can make better-informed price predictions.
In terms of trading conditions, the company offers variable spreads starting from 0.1 pips. Additionally, they offer a maximum leverage of 1:30. Further, clients get stop out levels of 50%. However, VIP clients get several unique features and preferential treatment. Understandably, VIP clients need to invest a lot of money.
PlusMarkets has three main account categories. These include Classic, Advanced, and VIP. Each of these categories has different account types. These account types vary depending on the investment a customer makes. Let us look at them.
The Classic category houses the Bronze, Silver, and Gold account types. The Bronze account requires a minimum deposit of €1,000. On the other hand, the Silver account requires a minimum deposit of €2,500. Lastly, the Gold account requires a minimum deposit of €10,000. The perks of these accounts get better as you go up the account types.
The Advanced category has two main account types. These include the Platinum and the Premium account. These are upgrades compared to the Classic category. The Platinum account requires a minimum deposit of €25,000. On the other hand, the Premium account accepts a minimum deposit of €50,000.
The final category is the VIP category. This one only has one account type, the VIP account. This account requires a minimum deposit of €200,000. This comes with leverages of up to 1:300. Additionally, VIP clients receive priority for one on one education lessons. This also comes with other customizable features.
PlusMarkets Customer Support
PlusMarkets promises clients world-class customers support 24 hours a day. For this, they provide many channels that you can contact them through. First, clients can get in touch with the company via the live chat option on plusmarkets.eu.
The only problem with this is that they collect some personal information upfront. This happens even if you are not a customer and are only asking for pricing and other questions.
Further, clients can get in touch by calling +442038083884. This is very refreshing as calling is the most reliable means of contact. If you do not reach them on the phone, then you can email them. The email address for PlusMarkets is email@example.com.
Further, you can get in touch with the company by filling out a contact form. However, this may not be very reliable as the company does not give a timeline for replies.
Founders and Physical Location
It is crucial to know who is handling your money. This will paint you a picture of what to expect from the company. Generally, you should never invest in people with shady histories. That is a recipe for disaster.
Unfortunately, plusmarkets.eu does not introduce us to the people behind the operations. The owners choose to operate in full secrecy. This is not ideal for an investment firm. There are many risks involved in investing in mysterious people on the Internet. It is impossible to know why these people are choosing to operate in such a manner. Revealing the identities of the team members would help in boosting the trust level of clients.
Luckily, the company tells us where they operate from. They give their physical location as Office 11A, Griva Digeni 80, Swepco Court, 3101, Limassol, Cyprus. This means that you can track down the company in case of an issue.
PlusMarkets Regulation and Fund Safety
Regulation is the biggest concern about a company. You should never invest in any company that does not have permission to operate. Regulatory bodies ensure that companies have the right conditions to protect clients’ funds. This includes using reputable banks and segregated accounts. This way, clients’ funds remain protected from the company’s financial situation.
Luckily, PlusMarkets is a regulated entity. They have regulations from CySec. This means that they are operating legally. You can confirm the regulatory status of this company on the CySec website.
Due to its regulatory status, PlusMarkets can assure customers of their funds’ safety. You can trade on plusmarkets.eu without worrying about losing your funds. The only problem is they do not provide evidence of systems’ protections.
There is no SSL certification displayed on the website. This is a worrying detail. It means that the platform may not be safe from hackers. They may access the website and take off with investors’ funds. Additionally, they can steal people’s personally identifiable data.
This is a company that shows commitment to serving its clients. The company provides one of the best trading platforms that exist. Additionally, they provide a wide range of assets to trade on the platform.
Even better, the company checks out when it comes to regulation. PlusMarkets is a regulated entity by CySec. This means that the company can assure you of your funds’ safety to a certain degree.
The only issue we have is not disclosing the people behind the operations. It is essential to know who is behind a company you are investing in. Any professional will understand the crucial nature of this information. Until they can fix this, it is hard to trust PlusMarkets fully.
In the meantime, you can invest in companies that operate with full transparency. The top legitimate forex brokers will offer you the services you are looking for.