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Score

0 1 2 3 4 5 6 7 8 9
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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

plexytrade

Saint Lucia Saint Lucia | 2-5 years |
Suspicious Regulatory License | MT4 Full License | Regional Brokers | High potential risk

https://plexytrade.com

Website

Rating Index

MT4/5 Verification

MT4/5

Full License

PlexyTrade-Demo

United Kingdom
United Kingdom
MT4
11

Influence

B

Influence Index NO.1

Netherlands Netherlands 6.02

MT4/5 Verification

MT4/5 Verification

Full License

11
Server Name
PlexyTrade-DemoMT4
Server LocationUnited KingdomUnited Kingdom

Influence

Influence

B

Influence Index NO.1

Netherlands Netherlands 6.02
Surpassed 20.30% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+382 68 04 3222
https://plexytrade.com
Top Floor, Rodney Court Building, Rodney Bay Gros Islet, Saint Lucia

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region
Saint Lucia
Operating Period
2-5 years
Company Name
Plexy Trade Ltd.
Email
support@plexytrade.com
Contact Number
+38268043222
Company Website
Account Info
Related Personnel
Business Region
Verified Site
About Us
News
Wiki Q&A
Comment
MT4/5
Full License MT4
Full License MT4
Full License MT5
Full License MT5
2
MT4 Servers
1
MT5 Servers
149.80
velocityIcon
Average Execution Speed/ms

Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.

Meta Trader 4
Meta Trader 4
Perfect
Meta Trader 5
Meta Trader 5
Perfect

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Official Website

Verified Site

  • plexytrade.com
    104.26.10.196
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

Plexytrade Review Summary
Founded2016
Registered Country/RegionSaint Lucia
RegulationNo Regulation
Market InstrumentsForex pairs, Indices, Stocks CFDs, Commodities, Cryptocurrencies
Demo Account/
LeverageUp to 1:2000
SpreadStarting from 0 pips
Trading PlatformMT4, MT5, TradeLocker
Minimum Deposit$50
Customer SupportTel: +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.

Plexytrade's homepage

Pros and Cons

Pros Cons
MT4 and MT5 availableLack of regulation
Low to zero commissionsNo 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.

No license
Domain information

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
What Can I Trade on Plexytrade?

Account Type

Plexytrade offers four account types: Micro, Silver, Gold Raw, and Platinum.

Account TypeMicro Silver Gold RawPlatinum
Available Base CurrenciesUSD, EUR
Minimum Deposit$50$300$300$10,000
Maximum Leverage1:20001:5001:400
SpreadFrom 0.7 pipsFrom 0.0 pips
FX Commission$2 ($4 round turn) per lot$1 ($2 round turn) per lot
Micro Lot Trading
Max Lot Size Per Order55080
EAs / Scalping / Hedging / News Trading Allowed
Stop Out level20%
Min Stop Distance0
7-day Swap-free
Free Funding
VPS Available
Negative Balance Protection
Personal Account Manager
Account comparison

Leverage

Plexytrade offers high leverage up to 1:2000.

Account TypeMicroSilverGold RawPlatinum
Maximum Leverage1:20001:5001:5001:400

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.

FeatureMicro AccountSilver AccountGold RawPlatinum
SpreadFrom 0.7 pipsFrom 0.0 pips
FX Commission (per lot)0$2 ($4 round turn)$1 ($2 round turn)
7-day Swap-free

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4Windows, macOS, iOS, Android, WebBeginners
MT5Windows, macOS, iOS, Android, WebExperienced traders
TradeLockerWindows, mobile/

Deposit and Withdrawal

Plexytrade requires a minimum deposit of $50 for Micro Accounts.

Deposit Options

Deposit Options Minimum DepositDeposit Fees Deposit Time
CONFIRMO50 USD/EUR0Instant
Crypto
Deposit

Withdrawal Options

Withdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Time
CONFIRMO15 USD/EUR/1-2 business days
Crypto75 USD/EUR/
Withdrawal

Company Profile

  • 2-5 years
  • Suspicious Regulatory License
  • MT4 Full License
  • MT5 Full License
  • Regional Brokers
  • High potential risk

News

Plexytrade Review: Miseries Pile Up for Traders with Slippage, Withdrawal Denials and Capital Losses

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.

FCA Exposed 10 Brokers — Are You Trading with One of Them?

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.

Scam Alert: 7 Suspicious Brokers Banned by Trusted Authority

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.

 Plexytrade: Something You Need to Know About This Broker

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

How safe is trading with Plexytrade?

Trading with Plexy Trade Ltd. is considered a high-risk activity due to its status as an unregulated entity operating from Saint Lucia, which lacks any credible financial regulatory oversight or client fund protection schemes. While the broker offers multiple accounts with features such as a low $50 minimum deposit on its Micro account, leverage as high as 1:2000, and support for MetaTrader 4 and MetaTrader 5 platforms with an average reported execution speed of 170.60, the absence of a recognized regulatory framework significantly elevates the risk to client capital.

In a week
United States

Is Plexytrade regulated?

Plexy Trade Ltd. is not regulated by any recognized financial authority. The broker is registered in Saint Lucia, an offshore jurisdiction, and does not hold licenses from top-tier regulators such as the UK's FCA, Australia's ASIC, or Cyprus's CySEC. It operates entirely without mainstream regulatory oversight.

In a week
United States

What is the full company name of Plexytrade?

The broker operates under the full corporate name Plexy Trade Ltd.

In a week
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

In a week
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

In a week
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

In a week
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

In a week
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

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