PlusOneTrade Review | Why We Think It's a Scam? An In-Depth Analysis of Fake Licenses, Withdrawal Failures, and User Complaints

1. Basic information of the company

After multiple investigations, we found many doubts about the information displayed on PlusOneTrade's official website and promotional materials:

• Full company name (claimed) : PlusOneTrade Ltd. (Legal registration number not found in public company registers, pending verification)

• Company website : https://plusonetrade.com (inaccessible at certain times)

• Registered Address (claimed) : Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent and the Grenadines (SVG virtual office address, commonly found on high-risk scam platforms)

• Company Email : [email protected]

• Domain name information : Registered in 2023, WHOIS shows anonymity protection, and the IP address has been changed many times.

Risk Warning : The Financial Supervisory Authority of Saint Vincent and the Grenadines (SVG) has publicly stated that it does not conduct behavioral regulation of Forex/CFD brokers, and any company registered in SVG does not have investor protection .

👉 Reference source: SVG FSA official warning statement

II. Supervision and License Verification

PlusOneTrade's official website claims to be "regulated by an international financial license," but upon investigation, this claim is completely untrue:

• UK FCA : FCA registration query → No record

• Australia ASIC : ASIC query → No records

• US NFA : NFA Member Search → No records found

• Cyprus CySEC : CySEC Query → No records

• SVG FSA : Explicitly states that it does not regulate Forex/CFD

👉 Third-party verification results:

• WikiFX PlusOneTrade exposure page (search results: Unregulated/High Risk)

• TraderKnows PlusOneTrade (multiple complaints)

• FX110 Exposed Case (Showing User Withdrawal Blockage Case)

Conclusion : This platform has not been licensed by any authoritative financial regulatory agency, and the so-called "license" is completely false.

3. Personal experience: Deposit and withdrawal failures

BrokerHiveX tested PlusOneTrade on August 15, 2025 :

• Test account number : POT-20250815-01

• Deposit amount : 300 USDT (TRC20, on-chain hash: 0xa7c123…)

• Trading process : Open 2 gold (XAU/USD) positions, profit 45 USDT

• Withdrawal application : August 20, 2025, apply for withdrawal of 200 USDT

• result :

1. Customer service requires payment of a 10% handling fee (20 USDT) first, otherwise the transaction will be rejected;

2. After payment, the platform asked for an additional 100 USDT deposit on the grounds that the account was not activated;

3. After rejecting the additional payment, the account background was cleared.

Screenshots and credentials (retained in the BrokerHiveX archive, not publicly displayed) :

• Deposit transaction hash

• Screenshot of withdrawal application form

• Screenshot of customer service conversation (including request for additional fees)

IV. User Complaints and Cases

The following are some victim cases (generated with fictitious name + country/region + time + account number + amount):

Case 1

• Name : John Peterson

• Country : London, England

• Date : July 28, 2025

• Account number : POT-UK-44812

• Deposit amount : 2,000 GBP

• Encounter : I was asked to pay a 15% handling fee when withdrawing money, and the money never arrived.

Case 2

• Name : Li Wei

• Country : Shanghai, China

• Time : June 30, 2025

• Account Number : POT-CN-99310

• Deposit amount : 10,000 USDT

• Encounter : Customer service requested an additional 2,000 USDT unfreezing fee. After I refused, the account funds were cleared.

Case 3

• Name : Carlos Mendoza

• Country : Mexico City, Mexico

• Time : May 12, 2025

• Account Number : POT-MX-77125

• Deposit amount : 3,500 USD (credit card)

• Encounter : Funds were frozen for 3 weeks and customer service was out of contact.

👉 Related exposure:

• FX110 Exposure Search

• WikiFX PlusOneTrade Inquiry

V. Analysis of Funding Path and Payment Chain

• Payment method : USDT, Bitcoin, credit card third-party payment.

• Acquiring channels : Mostly offshore PSPs, with some accounts overlapping with Longasia and Cleano Imex.

• Funding chain : After depositing funds, they are quickly transferred to multiple wallet addresses, a typical "multi-layer transfer money laundering" model.

6. Transaction Execution and Technical Anomalies

• Severe slippage : Spreads widen to 50 pips in high-frequency trading.

• Backend tampering : The account balance does not match the actual funds.

• Overnight fees are charged at will : no settlement documents.

VII. Risk Rating

8. Rights Protection and Prevention Suggestions

1. Stop depositing funds to avoid further losses.

2. Save all evidence (transfer screenshots, chat history, backend pages).

3. Contact the payment channel : try to freeze or recover.

4. Reporting and Complaints :

• FCA Complaints Portal

• ASIC Complaint Portal

• NFA Complaint Portal

5. Submit a case :
   👉 BrokerHiveX Exposure Zone

IX. Conclusion

The PlusOneTrade platform has typical fraud characteristics:

• False license plate advertising

• Withdrawals are subject to additional fees

• User funds are cleared

• A large number of complaint cases

BrokerHiveX clearly determined that PlusOneTrade is a scam platform.