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Plexytrade

Saint Lucia|Within 1 year|
High potential risk|

https://plexytrade.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

10
Server Name
PlexyTrade-Demo MT4
Server Location United Kingdom

Contact

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

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+382 68 04 3222

Other ways of contact

Broker Information

More

Company Name

Plexy Trade Ltd.

Abbreviation

Plexytrade

Platform registered country and region

Saint Lucia

Company website
Twitter
Facebook
Instagram

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-11-03
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Plexytrade · WikiFX Survey

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Plexytrade · Company Summary

Founded in 2016, Plexytrade provides over 100 trading instruments spanning several markets, including Forex, commodities, indices, cryptocurrencies, and stocks. Serving both amateur and experienced traders, the broker gives access to the MetaTrader 4 and MetaTrader 5 systems. But despite these, Plexytrade is unregulated, which puts traders at risk.

Plexytrade

Pros and Cons

ProsCons
High leverage up to 1:2000Unregulated broker
Negative balance protection (Segregated account, Banlance Protection.etc)High minimum deposit for Platinum VIP account ($10,000)
Free VPS and PAMM system
Pros and Cons

Is Plexytrade Legit?

Being an uncontrolled broker, Plexytrade does not run under any financial regulatory control. For traders, this absence of control raises their risk since no official protection exists for their money.

Is Plexytrade Legit?

The official website of Plexytrade is set in 2016,and the status of it is “OK” now.

Is Plexytrade Legit?

What Can I Trade on Plexytrade?

Plexytrade offers over 100 trading instruments across various markets. Traders can trade Forex, commodities, indices, cryptocurrencies, and stocks.

Tradable InstrumentsSupported
Forex
Commodities
Indices
Cryptocurrencies
Stocks
ETFs
Bonds
Options
What Can I Trade on Plexytrade?

Account Types

Four live account options from Plexytrade are Micro, Silver, Gold Raw, and Platinum VIP. The broker does not offer an Islamic account but does have a demo account.

Account NameMin. DepositMax LeverageMax Trade SizeTypical SpreadSuitable for
Micro Account$501:20005 lots0.7 pipsBeginners
Silver Account$3001:50050 lots0.7 pipsIntermediate traders
Gold Raw Account$3001:50050 lots0.0 pipsTraders need raw spreads
Platinum VIP Account$10,0001:40080 lots0.0 pipsLarge volumes professional traders
Account Types
Account Types

Plexytrade Fees

Particularly with its raw spreads and 0 charges on specified instruments, Plexytrade provides reasonable trading fees relative to industry norms.

Plexytrade Spreads and Commissions:

  • Spreads: From 0.0 pip to 0.7 pips.
Account TypeTypical Spread
Micro Account0.7 pips
Silver Account0.7 pips
Gold Raw Account0.0 pips
Platinum VIP Account0.0 pip

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MetaTrader 4 (MT4)PC, Web, Mobile (iPhone, iPad, Android)All traders, especially beginners
MetaTrader 5 (MT5)PC, Web, Mobile (iPhone, iPad, Android)Experienced traders
MT4 WebTraderWeb BrowserBrowser-based trading traders
MT5 WebTraderWeb BrowserAdvanced traders
Tradelocker--
Plexytrade Fees
Plexytrade Fees
Plexytrade Fees

Deposit and Withdrawal

Plexytrade does not charge any fees for deposits or withdrawals.

Payment MethodMin. DepositProcessing Time
Confirmo50 USD/EURInstant
Cryptos50 USD/EURInstant
Deposit and Withdrawal

Plexytrade Promotions

PromotionDetails
120% Cash BonusUp to $24,000 with deposits starting from $200 for all account types.
Free VPSAvailable for eligible accounts, providing low-latency trading conditions.
PAMM SystemAllows investors to allocate funds to skilled traders.
Demo AccountsFree demo accounts for practice
Plexytrade Promotions

Customer Support

Plexytrade offers 24/5 customer support through various channels including email and phone.Also,it provides online real-time chat robots and contact form.Also,it has social media support websites.

Contact OptionsDetails
Phone+382 68 04 3222
Emailsupport@plexytrade.com
Online ChatAvailable on the website
Social MediaFacebook, Twitter, Instagram
Supported LanguageEnglish
Website LanguageEnglish
Physical AddressDzordza Vasingtona No.38, PD 232, Podgorica, 81000, Montenegro
Live ChatYes
Contact FormYes
Customer Support

The Bottom Line

For traders seeking reduced expenses, Plexytrade's $0 commission on particular accounts makes it suitable for them.But, notably for its Platinum VIP account, it has high minimum deposits as $10,000. Experienced traders with enough funds hoping to profit from tight spreads and sufficient trading tools will find it most suited.

FAQs

Is Plexytrade safe?

No, Plexytrade is an unregulated broker.

Is Plexytrade good for beginners?

No. It's unregulated and with high leverage as 1:2000, means it's unsuitable for new users.

Is Plexytrade good for day trading?

Yes, with tight spreads and fast execution, it is suitable for day trading.

News

 Plexytrade: Something You Need to Know About This Broker

Exposure Plexytrade: Something You Need to Know About This Broker

2024-07-11 17:18

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.

WikiFX
2024-07-11 17:18
Exposure
 Plexytrade: Something You Need to Know About This Broker

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