Review of CFD broker Plaza Trade: features of operation and analysis of traders’ reviews
Fraudulent Plaza Trade Broker: Manipulating Victims
The Plaza Trade platform represents a cunning fraudulent enterprise aimed at deceiving users through attractive trading conditions. Charlatans skillfully lure trusting clients into a trap, perpetrating financial plunder with unrestrained selfishness and no conscience. Plaza Trade representatives promise broad opportunities to achieve financial goals, but in reality, only deceived hopes and empty promises await users.
The mocking attitude from customer support, lack of licensing, and an army of negative reviews in the online space provide sufficient arguments to expose the hidden agenda of the so-called broker. Nevertheless, for mysterious reasons, clients continue to fall into the web of Plaza Trade, succumbing to their deceitful tactics. Read the review to understand how the craftsmen from Plaza Trade draw victims into their cunning reality and what tricks they employ on the plazatrade.net platform.
Exploring the Official Website of Plaza Trade: Unveiling the Structure
The Plaza Trade broker sets up a template online resource that easily captivates inexperienced traders. The main page presents the company’s enticing benefits, urging registration to delve into educational materials. It should be noted that the one-day enterprise Plaza Trade has no plans to organize online training or webinars. The attractive promotion of the educational center on the site is only there to divert attention. The scam shines in the art of deception, offering clients only a skillful scam.
Noticeably absent is information about the infamous plazatrade.net firm on the website. The shady scammers avoid detailing, investing no time in concocting a convincing story of their sudden appearance. Dates, names, documents are absent. The question arises: what does a broker with a meager dossier and minimal information bank on? The answer is self-evident.
Technical Information about Plaza Trade: Analyzing Legal Document Acts
In the analysis process, we did not find precise data about the Plaza Trade company. It is unclear in which year this entity commenced its illegal activities. A check of the domain name reveals that the plazatrade.net site was relaunched on May 8, 2020. This explains the scarcity of reviews about Plaza Trade on the web. The agility of the project prevented attracting a sufficient number of trusting clients.
The Plaza Trade site is empty and useless. The scammers preferred not to put effort into creating a legend of imaginary success and fabricated awards. Evidently, Plaza Trade is a suspicious project aiming to execute its dishonest plans and vanish into offshore territories.
The legal documentation also looks comical. In their “basement” memoirs, they claim that the intermediary’s activities in Russia comply with the Russian Federation Law “On the Securities Market”. Quite amusing, isn’t it? The laziness in presenting information is sufficient, yet the CFD broker Plaza Trade doesn’t stop there and continues to lure clients, boasting about fictional awards.
The public offer mentions the offshore structure International Finance Group M.S Ltd, registered at: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. Entering this mythical place into the search bar yielded a predictable result. The indicated location of the fictitious main office on the site is a perfect place for scammers. Here, the “PrivateFX” company, Intrade.bar LTD, and the suspicious forex broker SimpleFX are also registered. Are they all located in the same place?
Choosing Plaza Trade Broker’s Tariff Plans: Display of Imagination
Of course, it is important to consider the key advantages that have no relation to the fictitious company. The scammers promise clients absolute security, 24/7 technical support, and an excellent trading platform. Listening to the opinions of former Plaza Trade clients reveals that the fraudsters’ words hold no truth. Behind the attractive facade lies a cunning plan capable of depriving you of all your savings.
Plaza Trade representatives offer traders to choose one of the 9 tariff plans:
- Mini. Minimum deposit – $200. Leverage – 1:500, minimum trading volume – 0.10 lot. Commission within $12,
- Basic. Initial deposit – $2,000. Leverage – 1:500, spread – 0.3 pips. Standard fund withdrawal possibility,
- Simple. Initial amount – $5,000. Minimum volume – 0.10, commission is $11. Access to seminars and webinars,
- Classic. Deposit – $8,000. Barely different from the previous account type. The only addition – personal consultations,
- Silver. Investment – $15,000. Account options: lot commission – $8, unlimited access to webinars, expedited withdrawals, and consultations,
- Gold. Deposit amount – $30,000. Includes: instant fund withdrawal, analytical reviews, individual trading plan, and earnings at a 7% annual rate,
- Platinum. Minimum deposit – $80,000. Leverage – 1:1000, minimum volume – 0.10 lot, instant fund withdrawal, commission – $6, access to educational materials and personal consultations. Earnings at a 10% annual rate,
- Pro Investor. Starting deposit – $250,000. Leverage – 1:1000, commission – $3, earnings – 14% annually,
- VIP. Deposit – $500,000. Main privileges (fictitious): leverage – 1:1000, spread – 0.2 pips, commission – $2.5, instant withdrawals and risk manager in addition. Earnings – 17% annually.
Registration Process on the plazatrade.net Site
To participate in this scheme, you will need to fill out a simple form, providing the following information:
- email address,
- password,
- first and last name,
- country of residence,
- phone number.
According to reviews, the registration procedure is minimally challenging and takes negligible time. But is it worth sacrificing for this?
Insights on Plaza Trade CFD Broker’s Customer Support
The fraudulent broker Plaza Trade deliberately restricts contact with deceived clients, offering only an email address and a contact form on the site. Unfortunately, this is merely a facade of caring for clients, as the Plaza Trade charlatans are inclined to ignore traders, leaving their appeals unanswered. Your pleas, persuasions, and long letters will not recover your money. Scammers evade angry reviews and comments, constructing an impervious shield around themselves, fortified by indifference to the suffering of trusting clients.
Former Clients’ Reviews of the Dubious Exchange Plaza Trade: Analyzing Opinions
Searching for data for the review led to finding an extremely limited number of reviews about the activities of the pseudo-broker. This is likely due to the youth of the company since the SCAM project appeared relatively recently, failing to accumulate a large number of dissatisfied users cursing the “home” business methods and unreliable support.
User FEFO drew attention to the offshore registration of Plaza Trade in their review:
User Corleone also expressed doubts about the honest intentions of the pseudo-broker:
Another negative review directed at the company came from the investor OLKO:
The Truth about the Deceitful Intentions of Plaza Trade: Essence of the Scam
To understand the truth, one does not need to be a professional: Plaza Trade is a standard scam created for quick profit. The hero of our review did not bother to invent something original, so copied the deceitful scheme from their dishonest accomplices. Initially, traders are meticulously convinced, urged to deposit funds. If you agree, you automatically become a participant in the fraudulent scheme of the Plaza Trade charlatans. They may allow you to withdraw a small sum once, but once you go after everything, problems will start. The customer support will ignore you, and you might soon be unable to access your account at all. All trading operations and enticing graphics are just illusions and part of a shameful show.
Recommended Articles for You:
- Forex Basics: Trading by Price Channels,
- Reversal Chart Patterns – Concept,
- List of Russian Licensed Forex Brokers.
Summary of the Unscrupulous Plaza Trade Review
Plaza Trade are real thieves, looting the budgets of naïve citizens through “home” methods. Offshore registration, lack of information about founders, weak support – all add up to a dubious operation. Stay cautious and avoid falling prey to such schemes.
My experience with Plaza Trade as a CFD broker has been utterly disappointing. The process was frustratingly opaque with scant information provided about their financial activities. Although they showcased a range of assets, it was quite clear that they lacked the depth and breadth in their portfolio offering.
Their customer support was appalling – unresponsive, unhelpful and showed a disturbing lack of urgency or concern for my trading difficulties. The platform itself is not user-friendly, with a puzzling interface that seems to have been designed more for aesthetic appeal than functional efficiency.
Moreover, I seriously question their claims on security policies. My account experienced several suspicious activities, which Plaza Trade remained unconcerned and quite dismissive about. Their lack of transparency led to a constant sense of unease.
The spreads were significantly high and hidden costs popped up frequently. I found numerous other traders echoing similar grievances about hidden costs and mismanagement in their reviews, which suggests these are not isolated incidents but an endemic issue at Plaza Trade.
Overall, I regret choosing Plaza Trade as my broker. In an industry where trust is paramount, they failed in providing the most basic level of reliability. I advise fellow traders to think twice before entrusting their funds with Plaza Trade.