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PlusMarkets Review - Our Featured STP Broker

Overall Rating

Our PlusMarkets Review - Updated February 28th, 2021

Despite being relatively new to the field, PlusMarkets is gaining popularity among traders due to its competitive prices, comprehensive resources, and dedication to clients. PlusMarkets began operations in 2020 in Cyprus. However, it also provides services in the UK, Germany, Spain, Italy, Netherlands, Austria, and Sweden.

Plus markets cysec regulation

The PlusMarkets brand is separated into two entities; PlusMarkets.eu, which is registered in Cyprus and regulated by CySec, and PlusMarkets.com, registered in Saint Vincent and the Grenadines. In this review, we will be focusing on the broker that is registered in Cyprus.

PlusMarkets is a reliable EU broker that is duly regulated and operates within the scope of the relevant regulations. In this review, we will analyze this STP broker at length and give it a final ranking.


CySEC regulated broker

Offers services in numerous jurisdictions 

Wide range of educational tools 

Negative balance protection 


Inactivity charges

Our PlusMarkets Review Ratings

  • Platforms

  • Tradable Assets

  • Spreads

  • Trader Education

  • Customer Service


Trading Accounts

Although PlusMarkets offers an expansive range of account plans, and each account plan comes with its own advantages, all of the accounts share the following features:

  • Online chat support
  • Variable spread 0.1 pip
  • Demo account to test the platforms
  • Maximum leverage of 1:30 for retail traders
  • Educational resources
  • Stop Out Level 50%
Plus markets account types

Bronze Account

PlusMarket's Bronze account is the most basic account offered by the broker. Although the minimum deposit for trading is €200, the broker recommends depositing at least €1000 for this account.

The Bronze account comes with access to the standard spread group but not the trading commission discount. It provides Trading Central's daily newsletter and premium signals on a trial period, but not SMS notifications. Finally, it includes a relationship manager on a trial period.

Silver Account

PlusMarket's Silver account is slightly more advanced than its' Bronze account, with a minimum deposit of €2,500.

Opening this account entitles a trader to a permanent relationship manager, as well as Trading Central's daily newsletter and premium signals. Additionally, PlusMarket's offers private trading sessions and access to the standard spread group to its Silver account holders.

The Silver account does not offer the trading commission discount or SMS trading notifications.

Gold Account

The Gold account is one of PlusMarket's most popular accounts with a minimum investment of €10,000. Unlike the Silver and Bronze accounts, this one offers traders a more well-rounded set of features.

The Gold account comes with access to a relationship manager, permanent daily newsletter, and premium signals from Trading Central, as well as two private trading sessions per month. Additionally, traders will have access to SMS trading notifications, the gold spread group, and a trading commission gold discount.

Platinum Account

The Platinum account is one of PlusMarket's advanced accounts and comes with a minimum deposit of €25,000. Naturally, the Platinum account offers loftier features than the classic accounts like Bronze, Silver, and Gold.

With a Platinum account, traders can expect to have a permanent relationship manager as well as Trading Central's newsletter and premium signals daily. Furthermore, this account entitles traders to SMS trading notifications, access to the platinum spread group, and the trading commission platinum discount. Last but not least, the traders can take advantage of four private trading sessions on a monthly basis.

Premium Account

PlusMarket's Premium account is the other advanced account available with this broker. Traders who wish to open a premium account with PlusMarkets need to deposit €50,000.

With a Premium account, traders can expect to have a permanent relationship manager, Trading Central's newsletter, and premium signals daily. Furthermore, this account entitles traders to SMS trading notifications, access to the platinum spread group, and the trading commission platinum discount.

The account is pretty much the same as the Platinum account, except that the traders can take advantage of eight private trading sessions monthly, instead of four.

VIP Accounts

PlusMarkets offers a VIP program for its seasoned traders looking for more competitive pricing and fee structures. The VIP program itself is divided into three types of accounts: Diamond, Elite, and Prestige.

To have access to the Diamond account, traders need to deposit between $200,000 and $500,000, while the Elite account requires traders to deposit between $500,000 and $1,000,000. Finally, to access the Prestige account of PlusMarkets, a deposit of over $1,000,000 is necessary.

Account Opening & KYC

Not unlike many other brokers, the minimum deposit amount with PlusMarkets is €200. However, unlike many brokers, the spreads at PlusMarkets can be as low as 0.1 pips which is considered quite low. The broker may offer standard lots, mini-lots, and micro-lots at its discretion.

PlusMarkets operates subject to EU laws and regulations, which require rigid due diligence and AML protocols. Opening an account with PlusMarkets requires clients to offer their basic personal information such as name, date of birth, address, as well as their economic profile, which entails annual income, place of employment, net worth, etc.)

To complete the account opening, clients are further required to present proof of identification, proof of address, and potentially proof of source of income.

Trading Conditions

As a broker that is registered in the European Union, PlusMarkets is bound by stringent regulations that serve to protect the broker's clients.

PlusMarkets is operated by UR TRADE FIX Ltd., a Cyprus Investment Firm (CIF) licensed and regulated by CySec (Cyprus Securities and Exchange Commission) with license number 282/15 and registration number HE336677.

It is a member of the ICF (Investor Compensation Fund), which is designed to secure the claims of covered clients against the ICF members through the payment of compensation up to €20,000, provided that the necessary preconditions are fulfilled. PlusMarkets also operates under the compliance of MiFID III (Markets in Financial Instruments Directive), aiming to provide more transparency and security when dealing with finances across the EEA (European Economic Area).

The broker uses 128-bit encryption, and all monetary transactions are executed via licensed and regulated payment processors on PCI-compliant servers.

PlusMarkets believes that relationships are built on trust and incorporates that spirit into its method of operation. The company's funds and the client's funds are, without exception, kept in segregated accounts.

Finally, a risk management policy is essential to traders, so PlusMarkets offers negative balance protection on all accounts. While this does not eliminate the risk entirely, it does offer an extra layer of protection.

In terms of charges and withdrawals, PlusMarkets clients may execute internal transfers (peer-to-peer) for free; however, withdrawal charges apply for wire transfers and credit cards.

While clients can enjoy taking a break from trading for three months, they will incur a nominal inactivity fee once that time lapses as their accounts become dormant or inactive.

Additionally, clients who wish to make deposits or withdrawals in a currency other than the currency of their account will be able to make the conversion based on the European Central Bank rate, plus an extra 0.5% conversion fee.

PlusMarkets collaborates with the following credit institutions and payment service providers:


  • AstroBank Limited (supervised by the Central Bank of Cyprus)
  • SafeCharge Limited (supervised by the Central Bank of Cyprus)
  • Powercash21 Limited (supervised by the Central Bank of Cyprus)


  • Skrill Limited (supervised by the Financial Conduct Authority)
  • Neteller (supervised by the Financial Conduct Authority

This broker has decent trading conditions, with relatively low spreads and discounts on commissions. PlusMarkets offers leverage trading with margin. However, the leverage levels depend on the relevant regulations and reflect the client's knowledge and prior experience.

As per the regulations set forth by CySEC, these are the applicable maximum leverage ratios that PlusMarkets offers to retail traders:

  • 30:1 for FX major pairs (EUR/USD/JPY/GBP/CAD/CHF)
  • 20:1 for other currencies
  • 20:1 for XAU (gold)
  • 20:1 for major Indices (S&P 500, EURO STOXX 50, ASX 200, DAX, FTSE 100, CAC 40, DOW, NASDAQ, Nikkei 225)
  • 10:1 for other indices
  • 10:1 for commodities
  • 5:1 for equities
  • 2:1 for cryptocurrencies

Trading in the UK after Brexit

Although PlusMarkets is registered with the Financial Conduct Authority (FCA) in the UK, the license and nature of protection available for PlusMarkets clients vary from those offered to UK companies registered with the FCA. 

In terms of post-Brexit operations, PlusMarkets is under the Temporary Permissions Regime, which allows the broker to continue operating in the UK, within the scope of the CySEC permissions, until the end of the so-called 'transition period', and while seeking full authorization form the Financial Conduct Authority (FCA).

Trading Platforms

PlusMarkets is an STP broker that operates 24/7, 7 days a week, enabling you to trade transparently and safely.

Although PlusMarkets has its own web-based platform, PlusMarkets Trader, which is very responsive and installation-free, its' clients predominantly carry out trades through MetaTrader 4, which is one of the best-rated retail trading platforms in the world developed by MetaQuotes. It is designed for novice and seasoned traders alike due to its stability and ease-of-use. The platform is further embellished by the add-ons that come with it, such as Expert Advisors, Algo Trading, Complex Indicators, Strategy Testers, and many more. MT4 (MetaTrader4) software is available on both mobile (iOS and Android) and browser.

PlusMarkets provides over 300 tradeable assets on their STP platform, including CFDs on commodities, stocks, forex, global indices, cryptocurrencies, and more. The broker also PlusMarkets offers CFDs on a wide variety of financial instruments across five asset classes:

Forex: PlusMarkets offers majors, minors, and exotics.

Shares: This broker provides CFDs on many blue-chip stocks, as well as other large publicly traded companies.

Cryptocurrencies: With PlusMarkets, traders can gain access to crypto by speculating on the price rather than owning the cryptocurrency.

Indices: PlusMarkets facilitates access to some of the largest indices in the world, such as the S&P 500, the Dow Jones Industrial Average, the Japanese Nikkei 225, and the Financial Times 100 Stock Exchange, among others.

Commodities: The broker offers an extensive range of hard and soft commodities to invest in, such as gold, silver, copper, and many more.

Trader Education Tools

Intending to equip traders (seasoned and novice alike) with trading knowledge and resources, PlusMarkets offers an indispensable variety of tools and materials.

Private Sessions: for those who are overwhelmed by the number of new skills they need to acquire before becoming successful online investors. PlusMarkets offers private training sessions with someone who's been in your shoes and has the experience you need to enter the exciting new world of trading.

Weekly Webinars – that help traders learn the basics of Forex and CFD trading, including how to use the PlusMarkets trading platform and how to identify potentially profitable trading opportunities.

TipRanks: a widget that provides traders all the necessary data to execute their trades. It aids traders by measuring the real-time performance of hundreds of elite market insiders and then presenting their aggregated picks into simple buy/sell signals.

RoboX: the next-generation smart trading machine. RoboX algorithm is founded on kits and intelligent trading methods, adjusted to accommodate the trader's risk-handling profile with their trading strategy. In simple words, it scans an index of over a trillion trading methods and matches you with those that have similar parameters in terms of risk and strategy.

Trading Central:  an MT4 plugin that allows traders access to in-depth technical analysis on every instrument. This analysis undergoes constant refinement and provides results that are essential to all traders, regardless of experience level.

Market Reviews: everything you need to know about the markets summed up into one review. Market Reviews are accessible to everyone when they are uploaded to the PlusMarket website daily.

Blog: The blogposts on PlusMarkets consist of educational and relevant posts that are pertinent yet fun to read. The blog is an excellent first step to take in the world of trading as the posts can provide concise and clear information about trading.

Economic Calendar: an interactive tool that lists various global events that impact the financial markets. Be it the Central Bank Announcements or the Employment Reports in Japan, the economic calendar aims to provide information across the board. Last but not least, it is customizable and free

PlusMarkets also offers generic tools such as the Fibonacci Calculator, Pivot Calculator, Currency Converter, Stop-Loss/Take Profit Levels, and many more facilitate traders.

Customer Support

PlusMarkets customer care is facilitated via several different platforms, including live chat, email, or phone calls. Bilingual (English and German) live support is available for clients five days a week.

While the company has WhatsApp and Viber accounts, they are used exclusively for sending documents. For any queries, the available contact information is Phone: +442038083884 and email: [email protected].

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