Plutus.pro is a forex brokerage located in the Saint Vincent and the Grenadines and allegedly owned by ITM Solutions Ltd. In the review below, we take an in-depth look at the features Plutus.pro allegedly offers. This review aims to explore the trading platform, listing out aspects like licensing, its leverages, account types, and its withdrawal and deposit methods. It also aims to fact check claims that have been made by Plutus pro to determine whether it is safe enough to trade with or if it is just one gigantic scam.
Table of Contents
Plutus.Pro Trading Platform
Plutus is is a web-based trading terminal, offering a live and demo account, however, we were unable to sign up for a demo account. And as such, we have no way of knowing the trading conditions considering there is no information concerning the spread.
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They support a web-based terminal, offering assets such as CFDs, Indices, Stocks, and Precious metals.
Plutus.pro Account type
Furthermore, the website flaunts with a wide range of trading products and the further trading conditions remain undisclosed.
At Plutus.pro You can choose from 4 account types: Mini, Standard, Gold, VIP and Islamic.
The minimum deposit starts at the acceptable industry average, $250.
Plutus.pro claims that whatever your account type is, you get a personal and professional service, access to our 24/7 online support and educational services, Desktop Platform trading platform, with unlimited charts and technical indicators, automated trading, and mobile trading software.
The site states that “As you increase your deposit, you receive more services.” but fail to mention the price tag for the other accounts l.
Plutus.pro Deposit and Withdrawal Methods
The brokerage supports crypto payments, Visa and MasterCard, as well as bank wire, however, e-wallets such as we money, Skrill and Neteller are not available.
There was no mention of any withdrawal fees in the site. However, we warn against dealing, dealing with unsubstantiated brokerage as we never know if they won’t charge unexpected fees once the clients have deposited their funds.
Another risk is that might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is Plutus.pro Licensed?
Plutus.pro states that they are owned and operated by an SVG-based company registered with the name ITM Solutions Lt under company number: REG 154 LLC 2019
Saint Vincent and the Grenadines is a well-known offshore zone, and a preferred location for shady brokerage. The government of the SVG has stated in the past it does not regulate any form of forex trading.
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with Plutus.pro as their claims of being the registered company is false.
Plutus.pro is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.