Market Pluse and Irotradex on the KNF's list of warnings

14 days after the last update "Blacklist of brokers" Polish Financial Supervision Authority issued a warning of two more "Investment platforms" - Market Plus and Irotradex.

Market Pluse and Irotradex on the KNF list

The reason for inclusion in the list of alerts, both in the case of Market Pluse and Irotradex, is the notification of the suspicion of committing an offense under Art. 178 of the Act on Trading in Financial Instruments, i.e. conducting activities in the field of trading in financial instruments without the required permit or authorization. The proceedings were initiated by the KNF Office and are conducted by the District Prosecutor's Office in Warsaw.

Market Plus is a brand owned by IQ Global Evolution LTD based in the Republic of the Marshall Islands. On its website (marketpluse.com) it offers trading intermediation through the popular MetaTrader 4 platform with access to currencies, metals, commodities, indices and stocks. The maximum leverage is 1: 400, but the possibility of getting a free one is also advertised VPS, access to webinars, and even ... -50% discount na swap points. The website is available in Polish, although the translation quality is strikingly low (and this is another sign that we are dealing with a scam!).

In the case of Irotradex we also have access to the website in Polish, but the quality of the texts is much better. This does not change much, of course. MetaTrader 4, mobile and xCritical platforms are available. Minimum deposit? $ 250. However, there are also VIP accounts on offer, available for a deposit of $ 500 and with a 000% bonus on the amount deposited. Sounds worthy, right? Spreads specified as "Standard" and/ or "minimal". Irotradex belongs to Best Communications Ltd., registered in Hong Kong.

We warn you against contact with both entities!