Plus5 Trade Review: Self-Confident Broker or a SCAM?

Plus5 Trade - logo
Rating:
1

Plus5 Trade is another broker who claims that you can trade more successfully on its platform. Every second scam is so self-confident that it’s even funny. It seems to us that we will not find enthusiastic reviews about this company either. So let’s check which category this project belongs to.

Plus5 Trade General Information

Website https://plus5tr.com/
Phone Number
Email support@plus5tr.com
Address
License
Minimum Deposit
Assets CFDs
Leverage
Trading Platform WebTrader

Registration and Client Portal Review

At the first acquaintance with the official Plus5 Trade website, a beginner in trading may get the impression that a reputable company offers cooperation. Here you will certainly find statements of trust and transparency. However, if you look closely at the site, you will find a lot of disadvantages here. For example, in some menu sections, instead of normal content, there is a dummy “Lorem ipsum”. And in general, it is noticeable that the creators did not spend much on this site. There is no legal information in the footer. The menu is poor. Well, let’s start our journey to make sure that the official website is not the only problem of Plus5 Trade.

Plus5 Trade - website

The registration form on the website is the simplest. Enter your first and last name, email, and phone number. Plus5 Trade does not check your contact details. Without verification of the email or phone number, you will immediately get into the Client Portal. KYC? Obviously, the broker has not even heard of such things.

Registration

The Client Portal looks like something typical. You can fund your account here or view the transaction history. Additionally, there is a separate section for withdrawing money, as well as a tab where you can upload documents. There is also a link to the trading terminal.

Plus5 Trade - Client Portal

Plus5 Trade Trading Conditions

It is very difficult to understand what services Plus5 Trade provides. However, we will try to figure it out.

Account Types Review

The broker obviously has no account types. Perhaps they will appear later. So far, it is completely unclear whether there will be such a division at all. A lot of things are not reported to customers. For example, there is no information about the minimum deposit amount. Also, there is not a single mention of what leverage Plus5 Trade provides. There is no such data in the trading platform either. Besides, we are unable to find out what spreads are on the site. There is no data on what technology is used, ECN, STP, or something else. The only thing we can say for sure is that Plus5 Trade is a regular dealing desk. So a conflict of interest is also not excluded.

In addition to all of the above, the broker does not have a demo account or a swap-free account. In general, there are more questions than answers.

Trading Platform

The trading platform is presented in the form of a web trader. Plus5 Trade did not spend money on apps for PC and smartphones. Or maybe, like everything on this site, they have not been finalized yet. There are only 7 standard indicators and a few more graphical ones in the platform. It is unclear how to open positions. There is no such functionality. It may appear after the account is funded.

Plus5 Trade — Deposit and Withdrawal of Funds

It is indicated in the personal account that Plus5 Trade accepts money from Visa and MasterCard credit cards. However, as soon as you switch to the deposit tab, you will realize that this is a lie. You can fund your account with a broker only in BTC, ETH, or USDT. Seriously? Much more anonymity?

WebTrader

Depositing methods

Verification

Even though Plus5 Trade accepts money in crypto, it still requires customers to pass verification. You can do this after you fund your account. However, it would be better to pass verification before making any financial transactions. As usual, just upload copies of your identity documents and residential address to the client portal.

Is Plus5 Trade a Scam?

After a short review of the website and trading conditions (which are absent), we have no doubt that Plus5 Trade is the worst option for trading. Here are some more proofs.

A project that calls itself a broker simply cannot be so anonymous. It violates the law on disclosure of information. Plus5 Trade does not provide any legal data. We don’t know who runs this site. Whether it is a company or an individual, there is absolutely no data. The site doesn’t even have a client agreement. The link to the Terms and Conditions is simply inactive. There is no data on the laws of which jurisdiction Plus5 Trade operates. Thus, we conclude that we are facing an ordinary fraudulent site, not even a real company. Naturally, there is no mention of licenses either. So, Plus5 Trade works absolutely illegally and without regulation.

Plus5tr.com Domain Info

Have you seen the site? We will add that there are practically no reviews about Plus5 Trade. It is not difficult to conclude about the short life of this “broker”. A domain check confirms our words. The domain was leased on January 25, 2023. Just think! This project hasn’t even been working for a month yet, but it already claims some advantages there.

Domain info

Contacts Review

Plus5 Trade left only an email for communication. There is no phone number or office address. However, how could there be an office address? If the company does not exist at all, you should not count on a meeting with managers.

More Details

There are no documents at all on the site, not only Terms and Conditions. Neither the standard AML and KYC policies nor disclosure of information have been published. It seems that this project was done by amateurs who simply do not know what should be published on a real trading platform.

Also, please note that the broker accepts money only in cryptocurrency. Such financial transactions cannot be reversed. Chargeback simply won’t help in this case. If you send money there, you won’t be able to take it back.

Pros and Cons

  • None.
  • Trading conditions are not described.
  • No legal registration.
  • No license.
  • Increased anonymity.
  • Short lifespan.

 

2.3 TOTAL SCORE

Plus5 Trade Summary

Plus5 Trade - favi

Plus5 Trade is an anonymous unregulated broker. You should not trust any of its promises. You will only lose your money in this scam.


Website information content 2
Client Portal 4
Trading conditions 3
Trading platform 3
Deposit and withdrawal 2
Verification 4
Extra options 1
Licenses and guarantees 1
Work duration 1
Feedback 2

Frequently Asked Questions (FAQ)

What Does Plus5 Trade Offer?

Plus5 Trade offers trading on an anonymous and unknown platform.

How Much Money Should I Invest With Plus5 Trade?

It’s a secret or a mystery. In the trading conditions, Plus5 Trade does not mention the minimum deposit.

Is Plus5 Trade Safe?

No, of course not. Plus5 Trade is a fake broker that works without a license and any legal registration.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Carl

    So many disadvantages in one place

    The trading conditions are not described. There is no license. Registration and other legal documents are missing. Many things are not even provided; for example, a demo account, an affiliate program, and an Islamic account type. The Plus5 Trade trading platform is incomprehensible and unknown. It’s definitely not MT4.
    It is possible to list the disadvantages of this scam indefinitely. Just don’t trade here. Do not top up the account. And work only with trusted intermediaries who have been on the market for a long time and have received licenses.

    Reply
  2. Harry

    100% scam

    To trade well, profitably and safely in the financial markets, you need to choose a really safe broker who will not engage in stealing your money or extortion. It should be a transparent, reliable broker that is under a lot of control from financial regulators. Which broker will definitely not suit you is Plus5 Trade. That is an example of a scam broker.
    First, pay attention to the fact if the company actually exists at all. The broker should be not just a website on the Internet, but a real company that has a legal entity, has registration in a certain jurisdiction, and has a real ground office. As for Plus5 Trade, I did not find any registration documents. Even the office address is not specified. They just made a website and hope to deceive newcomers.

    Reply
  3. Peter

    For me, this is an obvious scam.

    Experienced traders are well aware that there is really nothing to do with such brokerage companies as Plus5 Trade. This site cannot even be called a “brokerage company”. Yes, experienced traders understand this, and even those who do not have much experience. But there is a category of beginners, as well as a category of people who do not know that there are scam brokers and what they look like. It is precisely this category of people that the activities of such fraudulent sites are aimed at.
    So, I do not know how this fake broker lures people into its fraudulent platform.
    Perhaps through phone calls. Therefore, here is the first recommendation from me. If someone calls you and introduces themselves as a manager or consultant of some brokerage or investment company, then this is fraud. Or through spam in social networks or messengers. It’s the same thing, a scam. A real broker with licenses and real activities will never be the first to write/call you. Only scammers do this!

    Reply
  4. Simon Morgan

    Scam Merchant

    This is a scam, I know to my cost. Don’t touch it with a barge pole.

    Reply