Basic Information
Registered Region 
Saint Lucia
Saint LuciaOperating Period
1-2 years
Company Name
Plexy Trade Ltd.
Customer Service Email Address
support@plexytrade.com
Contact Number
+38268043222
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
0
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9
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0
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9
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9
/10
Plexytrade
Saint Lucia
|
1-2 years
|
Suspicious Regulatory License
|
MT4 Full License
|
Regional Brokers
|
High potential risk
https://plexytrade.com
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
PlexyTrade-Demo
United Kingdom
10
Influence
B
Influence index NO.1
Netherlands 6.41MT4/5 Identification
MT4/5 Identification
Full License
10
Server Name
PlexyTrade-Demo MT4
Server Location United Kingdom
United KingdomInfluence
Influence
B
Influence index NO.1
Netherlands 6.41Surpassed 19.80% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+382 68 04 3222
support@plexytrade.com
https://plexytrade.com
Top Floor, Rodney Court Building, Rodney Bay Gros Islet, Saint Lucia
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
Account
Related Software
Biz Area
Website
Company Summary
News
Wiki Q&A
Comment
Account
- Environment--
- Currency--
- Maximum Leverage1:400
- SupportedEA
- Minimum Deposit$10,000
- Minimum Spreadfrom 0.0
- Depositing Method(2+)
- Withdrawal Method(2+)
- Minimum Position--
- Commission$1
- Products100+ products in FX, Indices, Crypto, Commodities and Stocks
Updated：
MT4/5
Full License MT4
Full License MT5
2
MT4 Servers
1
MT5 Servers
146.67
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 4
Perfect
Meta Trader 5
Perfect
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Official website
Website
plexytrade.com
104.26.10.196Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Company Summary
| Plexytrade Review Summary | |
| Founded | 2016 |
| Registered Country/Region | Saint Lucia |
| Regulation | No Regulation |
| Market Instruments | Forex pairs, Indices, Stocks CFDs, Commodities, Cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:2000 |
| Spread | Starting from 0 pips |
| Trading Platform | MT4, MT5, TradeLocker |
| Minimum Deposit | $50 |
| Customer Support | Tel: +382 68 04 3222 |
| Email: support@plexytrade.com | |
Plexytrade Information
Plexytrade is an unregulated broker offering trading on over 100 instruments, including forex, indices, stocks CFDs, commodities, and cryptocurrencies. It provides high leverage up to 1:2000, competitive spreads from 0 pips, and supports MT4, MT5, and TradeLocker platforms, with a minimum deposit of $50.
Pros and Cons
| Pros | Cons |
| MT4 and MT5 available | Lack of regulation |
| Low to zero commissions | No 7-day swap-free for micro account |
| Low minimum deposit |
Is Plexytrade Legit?
Plexytrade is an unregulated broker. The WHOIS search shows that the domain plexytrade.com was registered on June 09, 2016; updated on January 22, 2024; and will expire on June 09, 2027.
What Can I Trade on Plexytrade?
Plexytrade offers trading on over 100 assets, including forex pairs, Indices, Stocks CFDs, Commodities, and Cryptocurrencies.
| Tradable Instruments | Supported |
| Forex pairs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stock CFDs | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Plexytrade offers four account types: Micro, Silver, Gold Raw, and Platinum.
| Account Type | Micro | Silver | Gold Raw | Platinum |
| Available Base Currencies | USD, EUR | |||
| Minimum Deposit | $50 | $300 | $300 | $10,000 |
| Maximum Leverage | 1:2000 | 1:500 | 1:400 | |
| Spread | From 0.7 pips | From 0.0 pips | ||
| FX Commission | ❌ | $2 ($4 round turn) per lot | $1 ($2 round turn) per lot | |
| Micro Lot Trading | ✔ | |||
| Max Lot Size Per Order | 5 | 50 | 80 | |
| EAs / Scalping / Hedging / News Trading Allowed | ✔ | |||
| Stop Out level | 20% | |||
| Min Stop Distance | 0 | |||
| 7-day Swap-free | ❌ | ✔ | ||
| Free Funding | ✔ | |||
| VPS Available | ✔ | |||
| Negative Balance Protection | ✔ | |||
| Personal Account Manager | ❌ | ✔ | ||
Plexytrade offers high leverage up to 1:2000.
| Account Type | Micro | Silver | Gold Raw | Platinum |
| Maximum Leverage | 1:2000 | 1:500 | 1:500 | 1:400 |
Plexytrade Fees
Plexytrade offers competitive spreads starting from 0.0 pips on Gold Raw and Platinum accounts, charges zero FX commission on Micro and Silver accounts, and provides 7-day swap-free trading on Silver, Gold Raw, and Platinum accounts.
| Feature | Micro Account | Silver Account | Gold Raw | Platinum |
| Spread | From 0.7 pips | From 0.0 pips | ||
| FX Commission (per lot) | 0 | $2 ($4 round turn) | $1 ($2 round turn) | |
| 7-day Swap-free | ❌ | ✔ | ||
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, macOS, iOS, Android, Web | Beginners |
| MT5 | ✔ | Windows, macOS, iOS, Android, Web | Experienced traders |
| TradeLocker | ✔ | Windows, mobile | / |
Deposit and Withdrawal
Plexytrade requires a minimum deposit of $50 for Micro Accounts.
Deposit Options
| Deposit Options | Minimum Deposit | Deposit Fees | Deposit Time |
| CONFIRMO | 50 USD/EUR | 0 | Instant |
| Crypto |
Withdrawal Options
| Withdrawal Options | Minimum Withdrawal | Withdrawal Fees | Withdrawal Time |
| CONFIRMO | 15 USD/EUR | / | 1-2 business days |
| Crypto | 75 USD/EUR | / |
Keywords
- 1-2 years
- Suspicious Regulatory License
- MT4 Full License
- MT5 Full License
- Regional Brokers
- High potential risk
News
Exposure Plexytrade Review: Miseries Pile Up for Traders with Slippage, Withdrawal Denials and Capital Losses
Failed to maximize your trading experience at Plexytrade because of the heavy forex slippage issue? Have you been constantly hearing NO on your withdrawal requests raised with the Saint Lucia-based forex broker? Do broker officials provide you with inexplicable reasons for withdrawal denials? Feeling stuck in your trading? These experiences have shaped many of your fellow traders’ negative reviews of this forex broker. Read this article further to check their reviews.
Exposure FCA Exposed 10 Brokers — Are You Trading with One of Them?
Recently, the Financial Conduct Authority (FCA) of the UK warned about 10 scam brokers. Are you sure your money is safe with your broker? Is your broker on this list? Check out the list below and protect yourself before it’s too late.
Exposure Scam Alert: 7 Suspicious Brokers Banned by Trusted Authority
One of the Reputed Authority, the Financial Conduct Authority (FCA), has issued a warning against seven illegal brokers . These brokers are offering financial services to people with the intention to commit fraud.
Exposure Plexytrade: Something You Need to Know About This Broker
Plexytrade is a relatively new entrant in the forex trading market, having been operational for less than a year. The broker is registered in Saint Lucia and offers a wide array of market instruments, including forex, indices, commodities, cryptocurrencies, and stocks. However, it is important to note that Plexytrade currently operates without any valid regulatory oversight.
Wiki Q&A
Chris hagerman 
1-2 years
Are there commissions at Plexytrade?
Plexytrade does charge commissions for the Gold Raw and Platinum accounts, with $1 per lot for Gold Raw and $2 per lot for Platinum. However, there are no commissions on Micro and Silver accounts, which is a relief for me. I like that they have options for both commission-based and commission-free accounts.
Broker Issues
Fees and Spreads
07-30
United States
zack18
1-2 years
What is the minimum deposit at Plexytrade?
The minimum deposit for a Micro account at Plexytrade is $50, which is really affordable for me as a beginner. For higher-tier accounts like the Silver or Platinum accounts, the deposit requirements increase, but I think the Micro account is a great place for anyone starting out.
Broker Issues
Deposit
Withdrawal
07-28
United States
Eziol
1-2 years
What trading instruments are available on Plexytrade?
Plexytrade offers a wide range of trading instruments, including forex pairs, commodities, indices, stocks CFDs, and cryptocurrencies. I like that I have access to different markets for diversification, but I would have liked to see bonds or ETFs as well.
Broker Issues
Leverage
Instruments
Account
Platform
07-14
United States
Moshiheya
1-2 years
What are the pros of Plexytrade?
One of the pros of Plexytrade for me is that it offers MT4 and MT5, which are platforms I’m comfortable with. Plexytrade’s account types are also flexible, including Micro and Platinum accounts, catering to traders at different experience levels. Also, their no deposit bonus offers a way for new traders to explore the platform without a financial commitment, which I find appealing.
Broker Issues
Regulation
06-19
United States
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