Plusfx Review: Is plusfx.com Legit or Scam?

Enticing traders with a variety of benefits, PlusFX believes they’re currently the best Forex and CFDs broker on the internet. PlusFX.com is actually saying they offer the best execution globally in addition to ensuring that traders enjoy deep liquidity in a no dealing desk type of trading environent.

PlusFX has also published a page on their website which shows statistics of their slippage. We find this quite interesting as not so many brokers do this kind of thing. Still, we feel that PlusFX is not a legitimate Forex and CFDs broker considering that they’re based in an offshore location where reputation of financial services companies is quite poor. So if you want to trade currencies or CFDs, you need to start with a legitimate Forex broker. You also need to invest in proper trading education or signals service that will allow you trade the markets like a professional.

PlusFX Review

PlusFX website claims that they are owned by BHC Markets.

This entity is allegedly based out of Mauritius and is claiming to have been authorized to serve traders and investors by the Financial Services Commission of Mauritius (FSC) under License Number: GB20025746.

Currently, we’re not able to verify the authenticity of BHC Markets. This is because we did not find such an entity registered anywhere in the country’s companies records.

PlusFX is also lying about their licensing status, considering that they don’t have a registered company or business to qualify for a financial license in the first place.

PlusFX range of trading services

The broker offers your typical MT4 and MT5 trading sofrware. Traders are able to access a wide range of markets on these charting platforms. This is why plusFX has no problem offering currency pairs, futures, indices, shares, metals, energies and Crypto.

In addition to this, the broker is offering “expert analysis” and educational tools. They believe that these benefits will go a long way into helping traders achieve success on this platform.

What we don’t like about this broker

Now that their licensing number cannot be verified, traders should conclude that the broker has no valid regulatory license.

They’re operating like SolitixFX, AGFX Trading and FT Trading which are defiantly offering financial services regardless of their suspicious licensing status.

We’ve also taken note of the fact that PlusFX’s website has not been completed yet since some links are not taking us to the relevant pages.

For example, we cannot determine the cost of trading with this broker since their spreads and commissions page is not working.

We cannot verify their supposed 25+ international awards. Their supposed client numbers is also a lie as they could have been the biggest Forex broker if they had these kind of numbers.

The broker is simply not trustworthy. Even when they claim that the platform offers no dealing desk type of execution, you can be sure that they will give you the exact opposite of what they’re promising.

What to do if you have been scammed by PlusFX

Now that they’re unlicensed and are operating out of an offshore location, chances are high that the people who run the company are thieves.

For that reason, I’ve included a form in this review and also a live chat function that you can use to book free consultations with a reliable money recovery agency.

Once your case has been reviewed and it qualifies for chargeback, you will get your money back.

The success rate of chargebacks (if you use this company) is like 99.99%.

The conclusion

PlusFX is not a reliable Forex and CFDs broker. The only reason they can get 1 or 2 clients is because they have a website that is attractive to the eye, plus their promises sound honest.

In the real sense, there’s no difference between this company and the other scams operating in Mauritius. Thanks for reading this review. Remember to drop your comments below if you have experience with this broker.