Plus5 Trade wants to “help you get the most out of your Forex trading”.

However, we noted the broker’s refusal to disclose who owns or runs the website whose domain can be found at plus5tr.com.

Plus5tr.com was privately registered in January 2023. No physical address has been provided.

The folks running Plus5 Trade are obviously thriving in secrecy. Transparency is the last thing that these phonies would like to implement.

And in case you’ve lost money on this bogus Forex trading website, you can recover it by visiting this page and learning how victims are filing for chargebacks against scammers.

Plus5 Trade review and overview

Plus5 Trade appears to be an offshore broker. As usual, these brokers offer the highly controversial Forex CFDs for trading.

Typically, these instruments are offered on the MetaTrader 4 or 5 platforms.

An offshore broker like Plus5 Trade, Fullerton Markets and TradesUrinc are probably running a white label which is a service that they outsource from a third party who is responsible for setting up everything (from the servers to configuration) on behalf of the illegal broker.

In return, the broker pays a monthly fee and keeps scamming traders.

Returns can be huge for this type of broker because they’re basically running a bucketshop business operation.

A bucketshop is a setup in which a broker will take the opposite side of your trades.

This situation creates conflict of interest because the broker’s profit is your loss and vice versa.

The broker has to ensure that they’re winning. As a result, they do all the things within their means to ensure you can’t win.

Even if you beat them in their own game, the broker will always withold your winnings.

Remember that the act of letting you withdraw your money from the platform means losses to the broker. In other words, this is why people complain about not being able to get their money out of these illegal platforms.

And this is what you can do in case you’re facing withdrawal problems from their platform.

Note that Plus5 Trade is an unregulated broker

The broker has refused to disclose their country or jurisdiction of operation.

Countries have some form of regulatory authority that oversee the conduct and operation of Forex brokers.

Plus5 Trade is clearly not regulated by any financial watchdog, meaning they’re a dangerous broker who can never guarantee the security of their customers funds.

The intention of Plus5 Trade is to steal your funds using unethical means — such as trading against you and making sure that you can’t make profits consistently.

On the other hand, regulated brokers stick to the rules as required by the financial regulators in their respective jurisdictions.

In other words, Plus5 Trade is an illegal and risky broker.

Trusting this broker with your funds will lead to disappointments because the broker doesn’t suffer consequences for stealing your money.

Wrapping it up

Avoid plus5tr.com as it’s a scam site that uses a brokerage platform to steal money from traders.

This sort of broker can’t be honest — and that’s part of the plan to take away your money.

Of course it can be extremely difficult to prove that the broker scammed you. Why?

Because it’s impossible to produce evidence of their illegal trading activities against their clients.

A bucket-shop or a market-maker will always deny that they’re trading against you.

On the other hand, they’ll keep trading against you as long as you continue trading with them.

They’ll widen their spreads and freeze the platform occassionally. They’ll also hunt your stop loss because they don’t want you to win.

If you outsmart them, they’ll have no choice but to ban you from their trading platform.

All in all, the warning is straight-forward. Just don’t trade with plus5tr.com.