Mplus Markets is an Australian forex and Contract for Difference (CFD) broker founded in 2012, with its headquarters located in New South Wales. It primarily offers CFD trading services for various financial instruments, including forex, futures, stocks, and commodities. The official website for this broker is http://www.mplusmarkets.com.au/, and the website is available in the English language. According to information obtained from a Whois search, the domain for the broker's official website was last updated on December 11, 2021, and its current status is "serverRenewProhibited."
Company Background:
Mplus Markets is an online broker established in Australia in 2012, with the company entity being MPLUS MARKETS PTY LTD, and the company number is 160 992 389, which aligns with the information shown on the official website of the Australian Securities and Investments Commission (ASIC).
Regulatory Information:
The Mplus Markets official website claims to hold an authorized representative license (AR license) from First Prudential Markets Pty Ltd, with license number 433025. According to information obtained from the official ASIC website, this broker indeed holds an authorized representative license from First Prudential Markets Pty Ltd, but the regulatory oversight and investor protection associated with this license are relatively weak.
Trading Products:
Mplus Markets offers a variety of financial instruments for user trading, such as:
Forex: Providing opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to trade based on changes in the price of one currency against another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY, among others.
Futures: Futures CFDs allow traders to speculate on the price movements of assets without the need to own the actual assets. CFDs enable traders to profit from market speculation on asset price increases or decreases.
Stocks: Traders can engage in CFD trading for stocks from different companies, including well-known companies like Apple, Microsoft, Amazon, and others. This allows investors to participate in the market without owning the actual stocks.
Commodities: Commodity CFDs enable investors to potentially profit from price fluctuations in raw materials and resources. Commodities include items like crude oil, copper, and iron ore, among others. Commodity CFDs allow investors to participate in commodity markets without physically holding the assets.
These products not only provide opportunities for investors to access various financial markets but also enable them to manage risk through different investment portfolios.
Trading Platform:
Mplus Markets offers the popular MT4 (MetaTrader 4) or iRESS trading platforms. These platforms provide a range of trading tools, customizable interfaces, and compatibility with various devices, including web-based platforms and mobile devices. MT4 and iRESS allow investors to access real-time market data and utilize various technical indicators and charting features for market trend analysis, making trading more convenient.
Account Registration:
According to information on the Mplus Markets official website, the broker provides account registration links, although it does not specify whether these accounts are for demo or real trading. The registration process involves clicking on the "APPLY NOW" link in the upper right corner of the website, and users are required to provide information such as trading name, country, email, password, and more to complete the account registration.
Account Types:
Mplus Markets' official website does not provide information regarding account types.
Spreads and Leverage:
The trading costs at Mplus Markets vary depending on the trading product and the region or country. The broker's official website does not disclose specific information about leverage, spreads, minimum deposits, minimum trade sizes, and trading hours. The lack of such information may lead to uncontrolled trading risks, potentially impacting investors negatively.
Deposits and Withdrawals:
Mplus Markets' official website does not clearly specify supported deposit and withdrawal methods. Moreover, key information regarding the channels, currencies, fees, and related aspects of deposits and withdrawals is not detailed.
Customer Support:
Investors can access Mplus Markets' customer support via phone and email. However, the broker does not specify the operating hours of their customer service, which may affect the responsiveness to user inquiries, potentially impacting the user experience.
Other Services:
Mplus Markets provides an economic calendar for investors. The economic calendar offers insights into already published and upcoming economic data, risk events, and other financial market events. These events may have a significant impact on financial markets.
Summary:
Mplus Markets offers a range of trading services for various financial products and holds an authorized representative license (AR license) from First Prudential Markets Pty Ltd. However, the broker does not disclose information regarding account types, maximum leverage, minimum deposits, and other relevant details. Investors may need to communicate with the broker for clarification. Currently, Mplus Markets is marked as "operating normally" on the TraderKnows platform.
