Plustrade claims to operate through multiple entities across various jurisdictions, specifically citing Canada, Switzerland, the United Kingdom, and Australia. Searches conducted with the Investment Industry Regulatory Organization of Canada (IIROC), the Swiss Financial Market Supervisory Authority (FINMA), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC) returned no records of any licensed entities associated with Plustrade. This absence of registration indicates that Plustrade does not hold the necessary dealer licenses to operate legally in these regions.
Furthermore, the Financial Services and Markets Authority (FSMA) of Belgium has explicitly placed Plustrade on its warning list, citing unauthorized and illegal activities within the Belgian jurisdiction.
Therefore, Plustrade is very likely to be a scam. 
