✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you if we consider that the company Plus Trade is a safe company or an unreliable company. Read our full analysis to find out everything!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about Plus Trade and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websiteplustrade.co.uk
🏠 Company*Company Plustrade Ltd 
RegulatoryNot regulated
📧 Email[email protected]
📈 PlataformOwn platform
📌 Address34-36 Lime St, London, EC3M 7AT, England, United Kingdom
🕑 Website ageWebsite registered on: 2022-09-22
Company typeStock Broker

Company: ⚠️ Plus Trade is owned by Plustrade Ltd.

Location: ⚠️The company mentions being located in England, United Kingdom, but we believe this is false information.

What is Plus Trade?

After having carried out an analysis of the company's website, we can say that Plus Trade is a: broker specialized in trading with AI, which stands out for its focus on algorithmic trading in stocks.

Account types

The company does not provide information about having different types of accounts.

Information on the web

PLUS.TRADE website 1

Here we show you a screenshot of the Plus Trade website, which is plustrade.co.uk. The capture was made in May 2024.

Contact: phone numbers and email

After having performed an analysis of the website:

– We have found the following phone number: No phone number mentioned.

– We have found the following email: [email protected]

*Plus Trade Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!

🚫 Final Plus Trade valuation 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of Plus Trade and we have reached the following conclusions about this company:

Location: It mentions being located in a place considered safe such as England, United Kingdom, but we believe that this is false information with which they try to deceive customers.

Regulatory: They do not mention anything about its regulation, that is to say: we are talking about an unregulated company with a notable lack of clarity and seriousness.

Please remember that the company has been reported by different financial regulators (in this case the CNMV, National Securities Market Commission). Use EXTREME CAUTION.

Plus Trade claims to be a broker specialized in trading with artificial intelligence, focused on algorithmic stock trading. However, the validity of this claim is questionable, as the company identifies itself as being owned by Plustrade Ltd and claims to be located in England, United Kingdom, although there are doubts about the veracity of this information. Furthermore, the lack of transparency in relation to its regulation and the complaints issued by financial regulators, such as the CNMV, raise serious concerns about the credibility and seriousness of Plus Trade.

In light of these circumstances, potential investors are cautioned to exercise caution when considering any type of business partnership with Plus Trade. It is essential to conduct thorough research and seek professional advice before making any financial decisions related to this venture.

🚨🚨 Conclusion: for the reasons mentioned our conclusion is that it is a very unserious and very unsafe company. Please think carefully if you want to send money to a company with these characteristics. 🚨🚨

Updates

News about Plus Trade:

Date Update – news
November 2023Complaint against Plus Trade financial regulator CNMV, National Securities Market Commission

We note that the company already has a complaint from a financial regulator. Please be very careful!

User Reviews

[democracy id = ”8921 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Plus Trade.

At the end of the review you will find customer comments.


How to Claim Money Scammed by Plus Trade

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Plus Trade

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to Plus Trade?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report Plus Trade?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Plus Trade reliable?

No. Plus Trade is not trustworthy, it is a very unsafe company: it mentions being located in England, United Kingdom. It is not regulated and has a complaint from the regulator CNMV, National Securities Market Commission.

How to recover money from Plus Trade?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «Plus Trade: opinion and comments – Is it a scam?»

  1. Luis Alberto Reply

    This company will not let you withdraw. I assure you, they didn't let me withdraw, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hello Luis Alberto, thank you for writing about Plus Trade. Currently, this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

Leave your comment

Your email address will not be published. Required fields are marked with *