Score

1.45 /10
Danger

Pluto 500

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.56

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pluto 500 · Company summary
Pluto 500Basic Information
Founded in2-5 years ago
Registered inUnited Kingdom
RegulationNot regulated
Tradable AssetsUnknown
Trading PlatformUnknown
Customer SupportNone

About Pluto 500

Pluto 500 is an online forex broker registered in the United Kingdom, which has a rather short operation history of 2-5 years. Notably, this broker is not regulated currently. Worse to note, Pluto 500 leaves no contact information for traders who may have any trading issues with it.

About Pluto 500

Regulation: Is Pluto 500 legit?

A significant red flag for Pluto 500 is its lack of regulation. Operating without regulatory oversight raises serious concerns about its legitimacy and exposes potential clients to significant risk. In the event of a dispute, there's no guarantee of protection for your invested funds. Furthermore, Pluto 500 received an abysmal score of 1.43/10 on WikiFX as of July 5, 2024. Reputable review platforms like WikiFX provide valuable insights into a broker's reputation and practices. A score this low strongly suggests significant issues with Pluto 500.

Unaccessible Website

Adding to the red flags is the current inaccessibility of Pluto 500's official website (https://pluto500.com/). While the reason remains unclear, an inoperable website for a financial service provider is highly unusual and raises serious concerns. It's possible the website was shut down by regulatory authorities due to suspected fraudulent activities. Regardless of the cause, the inability to access Pluto 500's website further undermines its legitimacy and trustworthiness.

Unaccessible Website

Trading Platform

Another major concern is Pluto 500's failure to offer the widely-used MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, the industry standard for many forex traders. Equally troubling is the complete lack of transparency regarding any alternative trading software it might provide. This secrecy surrounding such a core element of the trading experience raises serious red flags about Pluto 500's overall legitimacy and user-friendliness.

Contact Information

Worryingly, this broker does not provide any contact information, which can be further evidence that this broker deliberately avoid leaving traceable contact information in order to evade regulatory oversight. Typically, unregulated brokers may want to limit communication with investors to avoid accountability. A physical address provided by this broker cannot save anything, for address this broker claims to have may be fake.

Contact Information

Conclusion

To provide a summary, Pluto 500 is an unregulated broker with a low score on WikiFX, in this way, WikiFX does not advise to trade with this broker. As this broker may not have enough credit to secure your funds. If you want to know more information about the reliability of certain brokers, you can open the WikiFX website (https://www.WikiFX.com/en), or download the WikiFX APP to find the most trusted broker for yourself.

FAQs

Is Pluto 500 legit?

No, Pluto 500 is not regulated, which means it operates without legal authorization.

Is Pluto 500 safe to trade with?

No, trading with Pluto 500 is unsafe due to its lack of regulation.

Is Pluto 500 suitable for beginners?

No, Pluto 500 is not suitable for any investors who seek a safe trading environment.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.

User Reviews

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User comment

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Comments

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Tom Harris
more than one year
Me and Pluto really had a sweet time, in other words, this broker gave me great service, especially customer supports 👍... I feel sorry that this broker has shut down now.
Me and Pluto really had a sweet time, in other words, this broker gave me great service, especially customer supports 👍... I feel sorry that this broker has shut down now.
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2024-07-08 14:37
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Michael Evans
more than one year
At first, Pluto 500 really gave me great trading experience, good spreads, fast order execution, but they quickly become another face for my luck profits, then I turned to another broker.
At first, Pluto 500 really gave me great trading experience, good spreads, fast order execution, but they quickly become another face for my luck profits, then I turned to another broker.
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2024-07-08 14:13
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