Is Plutus-Invest Trustworthy? A Detailed Review of plutus-invest.com

Some brokers in the trading market distinguish themselves from other platforms by offering their clients the chance to earn additional bonuses for depositing funds and trading under improved conditions. However, these sorts of promotions are often prevalent among fraudulent organizations. To prevent losing your money, it’s crucial to thoroughly research the broker before depositing funds to comprehend what the company is about and whether it’s trustworthy. This Plutus-Invest review will demonstrate why they are a prime example of such fraudulent activity.

Is Plutus-Invest a Trusted Broker?

Seasoned traders understand that brokers never guarantee minimum investment returns. Market conditions are unpredictable, and no one can accurately predict how they will change, even in the short term. Despite this, Plutus-Invest enticed its clients by introducing a guaranteed return of 9% to 12% on investments for its “Gold” tariff plan (which requires a €100,000 deposit). This raises concerns about the platform’s actual payout potential. Legitimate trading platforms do not simply credit account balances because funds are stored with them. At the very least, traders must entrust their funds to be managed.

Furthermore, Plutus-Invest conceals information about its license. While checking registration in Cyprus is relatively straightforward, it turns out that the company Principal Consultancy Services, which the broker claims to be its manager, is actually registered in the UK, not Cyprus. Moreover, it is not a broker but a fund. There is a significant distinction between these types of organizations. A broker cannot be a fund, and a fund cannot be a broker. Meanwhile, Plutus-Invest lacks licenses for both brokerage and investment services.

The minimum deposit required to start trading with this platform is €5,000, which is unusually high. It is unlikely that a novice trader would have such an amount available, and the package of services provided is quite basic. For this price, traders only gain access to selected markets, standard leverage parameters, and other indicators, as well as a beginner’s webinar. In contrast, other licensed brokers allow traders to start with as little as $10, and some even offer cent accounts. With these brokers, there is greater assurance that funds can be successfully withdrawn. Plutus-Invest’s pricing policy seems unrealistic compared to industry standards.

Another suspicious aspect is the presence of a personal manager. While it may seem convenient, the user agreement specifies that all risks for trading operations are borne by the client, and no one has the right to influence their final decisions. This means that the manager could intentionally provide recommendations that lead to unprofitable trades without being held accountable.

Finally, the user agreement includes a clause stating that the client must compensate Plutus-Invest for any losses arising from lawsuits related to problems stemming from trading on the platform. This makes it challenging to seek assistance in case of difficulties since the company itself limits the involvement of third parties in resolving issues. However, from a legal standpoint, this user agreement lacks validity because the broker has provided false legal information.

Concerned About Withdrawal?

Information about available deposit and withdrawal methods is not displayed to unauthorized users. To learn how to deposit and withdraw funds, you must register an account. Plutus-Invest does not disclose its terms of cooperation nor publish data on commission rates and available trading opportunities.

How Long Does The Broker Work?

At the very bottom of the website’s homepage, it states that Plutus-Invest.com began operating in 2019. You can verify this information on the WHOIS website. This service shows the actual domain registration date, which is February 13, 2024. This means that the broker is exaggerating its experience and has only been in the market for less than 2 months.

Other Signs of Fraud

❗Deposit bonuses.Reputable brokers never offer such promotions because they have other methods to attract clients. All reputable regulators prohibit such promotions.

❗Lack of transparency in service terms and inflated deposit requirements are signs of fraud by the platform.

❗Absence of contact information. Plutus-Invest only publishes its office address in Cyprus, which is not helpful for clients in other countries. The website does not provide an email address or phone number for quick communication with technical support operators.

Plutus-Invest.com Review Conclusions

Plutus-Invest does not disclose the terms of cooperation or provide clients with convenient ways to contact customer support. Additionally, most of the data listed on the website is false. The broker is not licensed, and the actual operating period does not match the information on the homepage.

➕Website with a non-standard design.

➖No contact information.

➖Unfavorable trading conditions.

➖No license.

FAQ

Brief Conditions