After reviewing Plustrade, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is Plustrade?
On the surface, Plustrade looks like an ordinary forex and crypto broker. Its public site is presented at https://plustrade.io/. But surface impressions are exactly what these operations rely on — the substance behind Plustrade is where the problems begin.
Is Plustrade regulated?
We could find no evidence that Plustrade holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Offshore or shell-company registration used to avoid oversight
- No verifiable licence from a recognised financial regulator
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- Account dashboards that show “gains” with no real market exposure
- Unrealistic profit claims and pressure to deposit more
Our analysis
Plustrade claims to operate through multiple entities across various jurisdictions, specifically citing Canada, Switzerland, the United Kingdom, and Australia. Searches conducted with the Investment Industry Regulatory Organization of Canada (IIROC), the Swiss Financial Market Supervisory Authority (FINMA), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC) returned no records of any licensed entities associated with Plustrade. This absence of registration indicates that Plustrade does not hold the necessary dealer licenses to operate legally in these regions. Furthermore, the Financial Services and Markets Authority (FSMA) of Belgium has explicitly placed Plustrade on its warning list, citing unauthorized and illegal activities within the Belgian jurisdiction. Therefore, Plustrade is very likely to be a scam.
Can you recover money lost to Plustrade?
If you have deposited with Plustrade, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by Plustrade?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.