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.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 systemIs 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. The official website of Plexytrade is set in 2016,and the status of it is “OK” now.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❌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 tradersPlexytrade 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 pipTrading 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 WebTrader✔Web BrowserBrowser-based trading traders MT5 WebTrader✔Web BrowserAdvanced traders Tradelocker❌--Deposit and Withdrawal Plexytrade does not charge any fees for deposits or withdrawals. Payment MethodMin. DepositProcessing Time Confirmo50 USD/EURInstant Cryptos50 USD/EURInstantPlexytrade 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 practiceCustomer 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 FormYesThe 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.