DeluxePlusTrade is a platform that claims to provide cryptocurrency, stock, forex, and options trading services. Despite its website claiming multiple regulatory approvals from the UK and the US, investigations reveal that its regulatory statements are false and lack any real financial regulatory support.
Background of DeluxePlusTrade:
The official website of DeluxePlusTrade is https://deluxeplustrade.com. The domain was registered on July 25, 2022. The site claims that the company is established and registered in the UK, but inquiries to the UK Companies House found no registration information for this company, casting doubt on its legitimacy.
Regulatory Information of DeluxePlusTrade:
DeluxePlusTrade claims to be operated by DeluxePlusTrade (UK) Ltd and regulated by the UK Financial Conduct Authority (FCA). However, detailed inquiries found that DeluxePlusTrade is not authorized or regulated by the UK FCA. This indicates that the platform's regulatory claims are false, and the platform lacks any actual financial regulatory support. Investors should be highly cautious.
Account Registration Process of DeluxePlusTrade:
The process of opening an account with DeluxePlusTrade is as follows:
- Visit the DeluxePlusTrade website and click the register button.
- Fill out the online application form with the necessary personal information.
- Submit identity verification documents and phone number verification to ensure account security and legitimacy.
- After verification, users need to deposit funds to activate the account, after which they can start trading on the platform.
Account Types of DeluxePlusTrade:
DeluxePlusTrade offers four account types to cater to different levels of investment needs:
MINI PACKAGE:
- Minimum deposit: $0
- Maximum deposit: $2,499
PREMIUM PACKAGE:
- Minimum deposit: $2,500
- Maximum deposit: $9,999
GOLD PACKAGE:
- Minimum deposit: $10,000
- Maximum deposit: $24,999
PLATINUM PACKAGE:
- Minimum deposit: $25,000
- Maximum deposit: No limit
Trading Software of DeluxePlusTrade:
DeluxePlusTrade has not disclosed the trading software it uses on its website or other public information. This lack of information prevents users from understanding the platform's technical foundation and trading experience, increasing uncertainty when choosing this platform.
Trading Products of DeluxePlusTrade:
DeluxePlusTrade claims to offer the following trading products:
- Cryptocurrency Trading
- Stock Trading
- Forex Trading
- Options Trading
However, the platform does not provide detailed information about these products, making it difficult for investors to fully understand the trading conditions and market coverage.
Spreads, Leverage, and Commissions of DeluxePlusTrade:
The DeluxePlusTrade website does not disclose details about spreads, trading leverage, trading commissions, minimum/maximum trade sizes, maximum open positions/order amounts, margin requirements for stop-outs, minimum price increments, or contract sizes for trading accounts.
Deposit and Withdrawal Methods of DeluxePlusTrade:
DeluxePlusTrade does not disclose any detailed information regarding deposit and withdrawal methods on its website. Transparency and variety of deposit and withdrawal methods are crucial factors in evaluating a trading platform, and the lack of information may cause investors to have concerns about the safety and liquidity of their funds.
Customer Support of DeluxePlusTrade:
Email: info@deluxeplustrade.com
Conclusion:
While DeluxePlusTrade claims to offer a variety of financial trading services, it has significant issues regarding legitimacy and transparency. The platform fails to disclose key trading conditions and deposit/withdrawal methods in addition to its false regulatory claims, presenting significant potential risks to investors. Therefore, investors are advised to exercise extreme caution and thoroughly evaluate all available information before using this platform. Currently, DeluxePlusTrade is flagged as "Suspected Fraud" on traderKnows.
