Plutus broker operates under the website of Plutus.pro and provides CFDs over a variety of assets like fx, stocks, silver, and gold. It claims to provide optimal trading conditions, STP execution and advanced trade features. That being said and whatever the broker’s claims maybe it is not a legit services provider. More on this will be certainly discussed in this Plutus review. Read the full Plutus review here.
The broker brand Plutus is owned by a company called ITM Solutions LLC situated in Saint Vincent and the Grenadines. Our readers will be similar to the fact that the brokers operational from the SVG are not legit license and regulation holders. Most of them are involved in scams. That means such brokers are unaccountable the way they handle traders investments. Also, no one can blame them in the time’s scam and recovery of funds is impossible. There no chance of any profit-making with such scam brokers. The broker offers trading on a web trader trading platform instead of MetaTrader. There are three versions of this platform namely Desktop, Web, and Movile. MetaTrader is a far most used and reliable trading platform in the market with advanced features. The broker does not share info of spreads available for that we have to log in on the provided trading platform. The spreads provided thereon EUR/USD 0.7 pips. These are attractive spreads but the broker is not credible. The broker also misses sharing information on leverages. Higher leverages are banned and not beneficial. The minimum initial funding of €250 is needed to begin trading on a basic account. However, this funding is high in comparison to other legit brokers. The broker features logos of many payment methods like Visa, MasterCard, Maestro, Bitcoin, and AnyWire. But unfortunately, we came across only one payment method that is bitcoin. Such inconsistencies are a sign of scam brokers.
Is Plutus scam or legit?
Plutus is an offshore broker that resides in Saint invent and the Grenadines and operates without regulations. A browser-based trading platform offered that is compromising MetaTrader. Spreads are attractive but leverage is unknown. Several inconsistencies can be seen on the official webpage. All of this makes Plutus a potential scam broker 2020.