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PLUTOFOREXTRADE
Unregulated
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PLUTOFOREXTRADE

United States
Not disclosed
2
1.5
Rating Index
Software
5.26
Licensed
0
Risk Control
1.2
Experience
4.9
Institution
0
Industry Classification
D
Unqualified
Trading Platforms
MT4/MT5

Basic Information

  • Registered Region
    United States
  • Operation Status
    Abnormal
  • Operating Period
    Not disclosed
  • Deposit Methods
    Not disclosed
  • Website
  • Market Type
    Foreign exchange
  • Support Languges
  • Main Business
    Not disclosed
  • Business Type
    FX broker
  • Social Media
  • Contact Details
  • Type of Accounts
    Not disclosed
  • Trading Platforms
    MT4/MT5
  • Withdraw Methods
    Not disclosed
  • Auto Trading
    EA/CopyTrade supported? Not disclosed

Pros and Cons

Pros of PLUTOFOREXTRADE include the availability of popular trading platforms such as MT4 and MT5, which are well-regarded in the trading community. However, the significant cons involve its unregulated status, lack of transparency regarding account types and fees, and an overall suspicious reputation as indicated by industry assessments.

Company Background

PLUTOFOREXTRADE operates out of Beaumont, Texas, USA. However, the exact details about its foundation and operational history remain unrevealed. There are currently no valid regulatory licenses associated with this broker, which raises concerns regarding its legitimacy and regulatory compliance. The absence of clear operational history and licenses leads to a cautious outlook regarding the broker's trustworthiness.

Fund Security

As PLUTOFOREXTRADE does not hold valid regulatory licenses, there are significant risks concerning users' fund security. Without proper regulation, the protection of client funds is uncertain, leaving traders exposed to potential losses and disputes. It is essential for traders to thoroughly assess the implications of trading with an unregulated entity.

Account Opening

Information regarding account types and the account opening process is unavailable. This lack of clarity can be a red flag for prospective traders who typically look for transparent onboarding processes and well-defined account structures when considering brokers.

Trading Fees

Specific trading fees, including spreads and commissions, are not disclosed. Transparency regarding trading costs is crucial for traders to evaluate their potential profitability and manage their trading strategy effectively.

Trading Instruments

The specific trading instruments available through PLUTOFOREXTRADE remain unspecified. Potential clients should be wary of brokers that do not clearly delineate their offerings, as this can hinder effective market participation.

Trading Technology

PLUTOFOREXTRADE utilizes MT4 and MT5 platforms which are noted for their robust functionalities including automated trading and extensive analytical tools. However, details regarding the server performance and additional technological features are not provided.

Research and Education

The broker has not disclosed any educational resources or research tools. Adequate educational materials are vital for traders, especially for those who are new to the market, to make informed trading decisions.

Customer Support

PLUTOFOREXTRADE provides customer support via email. There is no information available regarding support response times, availability, or the adequacy of support, which is an essential aspect for traders needing assistance.
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Rating Instructions
Rating Index
PLUTOFOREXTRADE
PLUTOFOREXTRADE
Unregulated
Legal Environment
5.26
License Value
0
Risk Management
1.2
Investor Protection
4.9
Regulatory Policy
0
  • Software

    Evaluates the regulator's legal foundation, organizational structure, leadership experience, and enforcement capacity. Focuses on whether it enforces strict regulations, maintains transparency and fairness, and engages in international cooperation and technological supervision.

  • Institution

    Analyzes the regulator's policy framework, decision-making process, and enforcement transparency, including rule-making, internal control, and policy implementation effectiveness.

  • Licensed

    Assesses the market value of the licenses issued by the regulator, including entry thresholds, compliance costs, approval duration, and overall global recognition and influence.

  • Risk Control

    Evaluates the regulator's financial stability and risk management capacity, including budgeting, reserves, revenues, expenditures, and ability to respond to market or financial shocks.

  • Investor Protection

    Examines the regulator's complaint-handling and investor protection systems, assessing fairness, responsiveness, and enforcement effectiveness in safeguarding investor rights.

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