Who are Plutus Pro?
Plutus Pro is one of the newer players in the forex trading market and not such a well-known name in the UK and rest of Europe. However, they are becoming a major player in Eastern Europe with a strong banking heritage. The business has been running for 2 years and going strong.
Plutus Pro offers both retail and professional trading accounts alongside a range of banking and investment services. Account applications are generally made online and there is currently no option to use the phone instead.
To apply you simply provide contact details and select the services that you are interested in. The application process can be completed in 15 minutes according to the bank. One of the attractions to opening an account at Plutus Pro offers Full STP Technology – With No Conflict of Interests
- We are a broker with no dealing desk
- We are not a market maker
- FullStraight-through Processing (STP) technology means the foreign exchange trading process and payment transactions can be done electronically and anonymously
- The STP broker 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.
Plutus Pro offer their customers the ability to trade in FX, Cryptocurrencies, CFDs on shares, indices, and commodities. They also offer on-exchange futures and options trading, as well as bonds and ETFs. You can also choose to take advantage of the bank’s investment services either on a self-directed basis trading physical shares, ETFs, etc or by using their fund management products and services.
Plutus Pro has its own proprietary trading platforms, the platforms are multi-asset and the web-based platform could be customized by the end client. The platforms offer live prices and charts as, well as integrated news feeds and a configurable dashboard, alongside a built-in stock screener.
There are free streaming quotes from UK, US, and European markets. There are also mobile versions of the platform for iOS and Android users to complement the web-based and desktop versions.
Spread Costs & Margin Rates
Plutus Pro offers a very clear charging template most products are traded on a flat fee commission basis for example futures trading from 70 US cents per lot. Index CFDs have spreads of 4 pips and up UK share trades including ETFS are variable . .
No Re-quotes or “Shading” of Prices
At Plutus.pro there is no dealing desk – They are not a market maker. By using fully STP technology, this ensures that there are no re-quotes and no “shading” of prices. We only profit from your trading volume. They work with the high-end banking community, ensuring consistent liquidity in all currencies.
Ease of Use
Plutus Pro web trader is very clearly laid out with easy to read fonts and clear graphics, navigation around the platform is intuitive with tab-centered menus at the top of the page and drop-down menus in sidebars, on the left of the trading screen. You can easily search for instruments and the search engine returns results including any bonds, CFDs, and shares related to the ticker, organization name, or other search terms used.
Order tickets are organized in the same uncluttered style with limit, stop-loss, and take profit fields set out on the front page making order entry very straightforward, there is a tab near the top of the ticket for conditional order types and instructions.
The layout of the dedicated desktop app looks somewhat cramped, crowded, and rather dull by comparison and you will probably find yourself migrating back to the web trading setup in preference to the desktop version.
Plutus Pro Customer Support & Satisfaction
Plutus Pro customer support is based online and is usually accessed through a webchat facility. We found them to be quick to respond, very helpful, and happy to provide information. Though some technical points may get lost in translation as they appear to be based in Europe and not the UK. However overall the customer service is very good.
Account Opening & Funding
It is easy and secure to open an account with Plutus.pro . To sign up, fill out your details on our Registration Page.
Those who prefer to register by phone can contact one of our account managers to open an account.
At Plutus.pro , you can feel secure that your privacy and personal information is safe. you can read more about Safety of Funds page for information about our web security.