Platonsfx is a CFD broker whose official domain was registered on November 20, 2023. The broker primarily offers investment services in markets such as forex, digital currencies, precious metals, commodities, and funds to retail and institutional clients. It does not serve countries and regions where doing so would violate local laws or regulations.
Company Registration and Regulatory Status
According to publicly available information on its official website (platonsfx.com), the services provided by this broker are regulated by financial authorities under U.S. jurisdiction. However, the terms of service page indicates that any legal disputes arising from the website's terms should be litigated exclusively in Canadian courts.
Upon investigation, it was found that financial regulatory authorities such as the U.S. National Futures Association (NFA), the Financial Industry Regulatory Authority (FINRA), and the U.S. Securities and Exchange Commission (SEC) have no registration information for Platonsfx. Additionally, no company entity registration information for this broker was found in the Canadian business registry.
Therefore, Platonsfx (platonsfx.com) is effectively an unregulated scam broker.
Account Opening Process
To open a trading account with Platonsfx, visit their official website and click on "REGISTER NOW" on the homepage or "Join Now" at the top right corner. Fill in your name, email, and other required personal information, set a login password, and submit the form. Upon verification, your account will be successfully registered.
Investment Plans
Platonsfx offers users five basic investment plans: BASIC PLAN, REGULAR PLAN, PREMIUM Plan, PROVIDER Plan, and PROMO Plan. Additionally, the broker offers three compounding plans: Premium Plan, VIP Plan, and Veteran Plan.
BASIC PLAN:
- Trading Period: 7 days
- Minimum Deposit: $100
- Maximum Deposit: $999
- Referral Bonus: 10%
- Enhanced Security
- 24/7 Dedicated Support
- Daily Return: 5%
REGULAR PLAN:
- Trading Period: 7 days
- Minimum Deposit: $1,000
- Maximum Deposit: $10,999
- Referral Bonus: 10%
- Enhanced Security
- 24/7 Dedicated Support
- Daily Return: 6.5%
PREMIUM Plan:
- Trading Period: 7 days
- Minimum Deposit: $11,000
- Maximum Deposit: $49,999
- Referral Bonus: 10%
- Enhanced Security
- 24/7 Dedicated Support
- Daily Return: 7.5%
PROVIDER Plan:
- Trading Period: 7 days
- Minimum Deposit: $50,000
- Maximum Deposit: Unlimited
- Referral Bonus: 10%
- Enhanced Security
- 24/7 Dedicated Support
- Daily Return: 8.5%
PROMO Plan:
- Trading Period: 7 days
- Minimum Deposit: $5,000
- Maximum Deposit: $60,000
- Referral Bonus: 10%
- Enhanced Security
- 24/7 Dedicated Support
- Daily Return: 10%
Premium Plan:
- Trading Period: 3 months
- Minimum Deposit: $10.00
- Maximum Deposit: $25,000
- Referral Bonus: 5%
- Enhanced Security
- 24/7 Dedicated Support
- Weekly Return: 20%
VIP Plan:
- Trading Period: 6 months
- Minimum Deposit: $30,000
- Maximum Deposit: $55,000
- Referral Bonus: 5%
- Enhanced Security
- 24/7 Dedicated Support
- Weekly Return: 30%
Veteran Plan:
- Trading Period: 12 months
- Minimum Deposit: $500,000
- Maximum Deposit: Unlimited
- Referral Bonus: 5%
- Enhanced Security
- 24/7 Dedicated Support
- Weekly Return: 50%
Trading Platform:
Platonsfx offers its users a proprietary trading platform, though detailed information about it is not provided and it is limited to web use.
Deposits and Withdrawals:
Platonsfx supports deposits and withdrawals in various cryptocurrencies.
Conclusion:
Traderknows reminds investors that Platonsfx is a fraudulent broker that deceives investors under the guise of high returns, and this broker actually lacks any regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
