Company profile
Plexytrade Review SummaryFounded2016Registered Country/RegionSaint LuciaRegulationNo RegulationMarket InstrumentsForex pairs, Indices, Stocks CFDs, Commodities, CryptocurrenciesDemo Account/LeverageUp to 1:2000SpreadStarting from 0 pipsTrading PlatformMT4, MT5, TradeLockerMinimum Deposit$50Customer SupportTel: +382 68 04 3222Email: support@plexytrade.comPlexytrade 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 ConsPros Cons MT4 and MT5 availableLack of regulationLow to zero commissionsNo 7-day swap-free for micro accountLow minimum depositIs 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 TypeMicro Silver Gold RawPlatinumAvailable Base CurrenciesUSD, EURMinimum Deposit$50$300$300$10,000Maximum Leverage1:20001:5001:400SpreadFrom 0.7 pipsFrom 0.0 pipsFX Commission❌$2 ($4 round turn) per lot$1 ($2 round turn) per lotMicro Lot Trading✔Max Lot Size Per Order55080EAs / Scalping / Hedging / News Trading Allowed✔Stop Out level20%Min Stop Distance07-day Swap-free❌✔Free Funding✔VPS Available✔Negative Balance Protection✔Personal Account Manager❌✔Leverage Plexytrade offers high leverage up to 1:2000.Account TypeMicroSilverGold RawPlatinumMaximum Leverage1:20001:5001:5001:400Plexytrade 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 RawPlatinumSpreadFrom 0.7 pipsFrom 0.0 pipsFX Commission (per lot)0$2 ($4 round turn)$1 ($2 round turn)7-day Swap-free❌✔Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Windows, macOS, iOS, Android, WebBeginnersMT5✔Windows, macOS, iOS, Android, WebExperienced tradersTradeLocker✔Windows, 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/EUR0InstantCrypto Withdrawal Options Withdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Time CONFIRMO15 USD/EUR/1-2 business daysCrypto75 USD/EUR/
Saint Lucia
1-2 years
FX2303352174
United States
My experience with PlexyTrade has been similar to that of other brokers offering 500:1 leverage, but without the excessive commissions. While spreads do increase with volume, I haven't noticed anything out of the ordinary. I've successfully withdrawn $600 and haven't encountered any issues. However, I am concerned that a friend was unable to create an account, and I couldn't even set up a demo account. This raises red flags, suggesting that they may be limiting the number of trading accounts on their servers, but I'd rather that be the case than a problem with funding.
37130
02-05