Plexus Finance is not a licensed or regulated broker even though it states offers that look good to be true.
Plexus Finance claims to be regulated by several forex regulator including but not limited to the Australian Securities & Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the the United Kingdom Financial Conduct Authority (FCA) with license number 927339.
First, we did not find any match results to Plexus Finance in ASIC and CySEC. Second, we indeed find a match result to the license number in FCA's regisrty. However, as per the regulatory details, the domain used by Plexus Finance (https://plexusfin.com/en) is not included in the approved domains of the licensed company "Plexus Finance Limited." In other words, no information can prove that the regulatory information belongs to this broker.
Moreover,the United Kingdom Financial Conduct Authority (FCA) issued a warning that Plexus Finance is a clone firm. You can check the full warning from here.
The truth is, Plexus Finance is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Plexus Finance and trade with licensed brokers.
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