Plutus Pro Review Forex Broker |
is Plutus Pro a good broker to trade with and do they offer enough to be an options
Plutus Pro Review Forex Broker |
Bestmt5brokers.com Introduction to Plutus.Pro
Plutus.pro is wholly owned by ITM SOLUTIONS LLC. A ST. Vincent and the Grenadines company incorporated under company number: REG 154 LLC 2019. Its address of registration is address: the financial service center, Stoney ground, Kingstown. ST. Vincent and the Grenadines. The processing and clearing company’’ ITM SOLUTIONS LLC, Incorporation” under company Number REG 154 LLC 2019, having it registered address ST. Vincent and the Grenadines
It is involved in providing cryptocurrency trading services, and was created by a small group of professional cryptocurrency traders. They expect to differentiate themselves from other cryptocurrency trading firms and exchanges through their focus on customer service and extensive experience in the cryptocurrency markets.
The team has chosen crypto currencies as well as regular currencies as their focus because of the fast moving nature of the market, and the opportunity to make excellent profits quickly.
They focus on the same traditional technical analysis and apply it also to the cryptocurrency markets, meaning strategies such as scalping and swing trading work effectively with cryptocurrency
BESTMT5Brokers.com Quick Look at Plutus.pro
It was obvious at this point that Plutus.pro is offering trading in CFDs, and this was confirmed in reading their Terms & Conditions. We also found several lines in the T&C that weren’t very encouraging too, including this one:
“When using the Site or the Service you will be exposed to Content from a variety of sources, and we are not responsible for the accuracy, usefulness, safety or intellectual property rights of or relating to such Content.”
ThePlutus.pro website is available in English, Arabic, Russian, Italian and German, while the web-based trading platform is also available in even more languages.
Retail Trader Accounts
Plutus.pro Account types
Plutus.pro has 4 levels of account available to clients, from the Basic account with a £/€/$250 minimum deposit, all the way up to the VIP account, which is for exclusive high-net worth clients only. All of the accounts have access to 24/6 support, daily market review, price alerts, webinars and the education center. Each account level also provides a deposit bonus, which increases as the account level increases.
Standard accounts are for experienced traders ]
Gold accounts are for those who can trade large volumes.
VIP account holders get more analysis and proactive trading guidance from our experts.
There is demo account, but after registering users are able to access the web-based trading platform and have a look around.
Plutus.pro Bank Fees, Costs & Spreads
Plutus.pro was set up to provide Forex trading solutions to individuals wishing to expand their investment portfolios – from veteran traders to beginners. They strive to offer the best trading environment on the market – state-of-the-art trading services in commodities, currencies and indices, competitive trading conditions and excellent customer support. Their platforms and services combine sophistication with simplicity and efficiency with security.
Get the ‘Edge’ – With the Right Tools and Support
With years of Forex trading experience, Their expert team will provide you with trading tips and tutorials, professional materials, the latest financial news and strategic guidelines.
Benefit from Full STP Technology – With No Conflict of Interests
At Plutus.pro , we guarantee trading on the Forex market without dealer intervention or restrictions:
- We are a broker with no dealing desk
- We are not a market maker
- Full Straight-through Processing (STP) technology means the foreign exchange trading process and payment transactions can be done electronically and anonymously
- STP brokers offer clients direct access to the interbank liquidity and route their orders to the largest liquidity providers
Most importantly, STP execution means we earn from commissions and not from your losses. We are fully behind you; we want you to win because this means you will trade more, and we will gain more on commissions.
Deposits & Withdrawals
Deposits at Plutus pro can be made via credit card, bank transfer, or via cryptocurrency. Currencies accepted include USD, GBP, EUR, CHF, RUB, JPY, and CNY. Cryptocurrencies accepted include BTC and USDT. There are no deposit fees.
Withdrawals can be made through credit card or through bank transfer. In either case the minimum withdrawal amount is £/€/$100. Credit card withdrawals can take 2 business days to process and up to 10 business days to appear in your account. Bank transfers are approved within 2-3 business days and it can take up to 5 business days for the funds to appear in your account. There are no withdrawal charges.
Plutus pro Trading Platforms
Plutus pro provides traders with a web-based trading platform only. The charts are responsive enough, although there were a few pauses.
There aren’t a whole lot of bells and whistles. It’s possible to change the look of the chart, choosing a bar chart, line chart, dark or light background, etc.
There are more then 15 preloaded indicators that can be applied to the chart as well. Some of these indicators are:
- Average True Range
- Bollinger Bands
- Exponential Moving Average
- Ichimoku Kinko Hyo
- Price Envelopes
- Rate of Change
- Simple Moving Average
- Zig Zag
Favorites can be added from the trade screen by clicking the small star in the upper right. Alerts can also be set from the trade charts based on the price level you’d like to be alerted at
. There seems to be no way to send the alert to an email address or SMS however, so it isn’t very useful if you’re logged out of the platform.
Finally the activities button has quick links to deposit, withdraw, and various trade actions.
One other thing we noticed is that prices would hang occasionally, and we would receive an “Internal Server Error” message.
Plutus pro does have a good number of assets available to trade. Those interested in cryptocurrencies can trade different altcoins against BTC and USDT. T
Traders can choose from three types of orders: limit orders, market orders, and stop loss orders. Plutus pro also allows for the use of leverage up to 1:10 on the Basic account. Greater leverage may be available with larger accounts, but we did not make a deposit to test this.
Notification and Alerts
The alerts tab allows you to track various price levels of assets you’d like to watch, however when we tested it there was no facility to send the alert to an email or SMS, and we didn’t even get any type of alert when price crossed the alert level we set.
Risk Management Tools
You are able to speak with the account managers at Plutus pro, who are all said to be professionals in the cryptocurrency markets. They are able to recommend certain strategies and actions to minimize your risk or to reach certain profit targets.
From the website:
“Secondly, we can neutralize all the risks thanks to the services of professional brokers who are working with Plutus pro and you as a client. With the help of these pro traders, we can guarantee that your assets will be in safe hands.”
Plutus pro Tools and Analysis
Other than the indicators on the trading charts there are few other analysis and trading tools offered within the Plutus pro platform. Interestingly there is a News section in the Education Center of the website and it contains far more information from a wide variety of sources.
Plutus pro Education and Training
Plutus pro provides an Education Center on its website with videos, ebooks, news, and charts. It is all accessible by both clients and non-clients. While it is quite extensive, unless you’re a beginner in cryptocurrencies and trading it isn’t extremely useful. Much of it isn’t even geared towards trading but is more of an education on cryptocurrencies in general.
Plutus Pro Customer Support
You can reach support by emailing
Independent Opinion & Rating
Based on our experience Plutus Pro could be difficult for some traders to work with, although others may find it refreshing to focus on just trading without too much info clouding your activities. We could wish the website were more detailed regarding the services offered, however it’s understandable that the broker is just getting started and could take some time to finalize all details.
If you’re looking for a broker that has its eyes focused intently on the cryptocurrency markets, then Plutus Pro could be perfect for your needs.