Reported as a scam / unregulated
Why Plustrade is on the register
Plustrade claims to operate through multiple entities across various jurisdictions, specifically citing Canada, Switzerland, the United Kingdom, and Australia. Searches conducted with the Investment Industry Regulatory Organization of Canada (IIROC), the Swiss Financial Market Supervisory Authority (FINMA), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC) returned no records of any licensed entities associated with Plustrade. This absence of registration indicates that Plustrade does not hold the necessary dealer licenses to operate legally in these regions. Furthermore, the Financial Services and Markets Authority (FSMA) of Belgium has explicitly placed Plustrade on its warning list, citing unauthorized and illegal activities within the Belgian jurisdiction. Therefore, Plustrade is very likely to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.