Company and Competitor Overview
PlusmyFX Overview
Industry: Financial Services
Company Size: 11-50 employees
Type: Privately Held
Founded: 2016
Website: [www.plusmyfx.com](https://www.plusmyfx.com)
Specialties: Introducing Broker, Forex, Forex Trade, Shares, Commodities, CFDs, Metals, Forex Mobile Trading, Forex API Trading, Forex Web Trading, Forex Education, COMEX, LME
PlusmyFX is a modern financial broker established in 2016, offering robust trading platforms with features such as optimized cost pricing, exceptional customer support in six languages, deep liquidity, and fast execution. A standout service feature is the instant withdrawal of funds, which ensures traders have continuous control over their accounts. The company provides institutional services through Introducing Broker agreements and various tailored partnership programs.
Key Personnel
Hari Tibrewala
Position: Founder & CMD at PlusmyFX and Board Member at Ecotek Lighting Trading LLC
Location: United Arab Emirates
LinkedIn Profile: [View Profile](https://linkedin.com/in/hari-tibrewala-831a4771)
Contact Information:
- Email: hari@plusmyfx.com
- Phone: +971 971529921732
Hari Tibrewala is central to PlusmyFX's strategic direction. As a founder and key decision-maker, he oversees the company's operations and growth initiatives, leveraging his extensive experience in investment management and capital markets. He also holds roles in other companies, including Zenith Global LLC and Plus Agrology Ltd.
Chiranjib Sur
Position: Chief Technology Officer
Education: MBA in Information Technology from Shobhit University (2013-2015), studies at Punjab Technical University
LinkedIn Profile: [View Profile](https://in.linkedin.com/in/chiranjib-sur-3b408ab)
Chiranjib Sur plays a critical role in the technological advancements and infrastructure of PlusmyFX, ensuring a high-standard trading experience.
Recent Developments
Reports indicate that PlusmyFX may be facing inactivity in the market, with historical challenges and numerous competitors—617 in total. Allegations surrounding Hari Tibrewala regarding financial misconduct, such as stock manipulation, pose potential risks and operational impacts on the company's reputation and future prospects.
Competitor Landscape
Major Competitors:
- TradingView: Known for its comprehensive charting tools and social networking capabilities for traders.
- eToro: Offers social trading and multi-asset investment opportunities with impressive financial performance, evidenced by a US$1.2 billion revenue in 2021.
- Robinhood: A key player in commission-free trading services with a substantial user base of 24.2 million funded accounts.
- Zerodha: A leading Indian brokerage providing extensive financial services with strong market presence and self-valuation as a unicorn.
Market Context:
The trading platform industry is characterized by rapid technological advancements and growing user demands for competitive pricing and diverse trading options. Enhanced trading experiences via AI analytics, social trading, and mobile platform accessibility are common trends among competitors like eToro and TradingView.
Despite PlusmyFX's potential amid evolving market needs, its reported inactivity highlights the significant competitive pressures and rapid sector developments that continue to shape the trading platform landscape.
