PLSXA Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-21 16:41

Abstract：PLSXA, part of PLSXA Limited, is a broker established in 2024 and headquartered in London, United Kingdom, regulated by the FCA. It currently offers products including currency pairs, commodities and indices to traders. In addition, it offers two types of accounts and it also supports the use of the MT4 platform, allowing traders to trade with 0 commissions and 0 spreads.

PLSXAReview Summary
Founded	2024
Registered Country	United Kingdom
Regulation	General Registration
Market Instruments	Forex, Commodities, Indices
Demo Account	✅
Leverage	Up to 1:500
Spread	EUR/USD: 0.0 pip
Trading Platform	MT4
Min Deposit	$100
Customer Support	Online chat

PLSXA Information

　　PLSXA, part of PLSXA Limited, is a broker established in 2024 and headquartered in London, United Kingdom, regulated by the FCA. It currently offers products including currency pairs, commodities and indices to traders. In addition, it offers two types of accounts and it also supports the use of the MT4 platform, allowing traders to trade with 0 commissions and 0 spreads.

Pros and Cons

Pros	Cons
No commissions
Spread as low as 0 pips
Support MT4

Is PLSXA Legit?

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FCA	PLSXA GLOBAL LIMITED	Common Business Registration	15503273	General Registration

What Can I Trade on PLSXA?

　　You can trade on PLSXA: forex, such as EUR/USD,GBP/USD, GBP/USD, etc. Then there are commodities, both hard and soft; In addition, more than 15 index CFDS are traded.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	❌
Bonds	❌
ETF	❌

Account Types

　　PLSXA offers two types of accounts-STANDARD ACCOUNT and ECN ACCOUNT. They all require a minimum deposit of $200.

　　Compare the two accounts. The difference is spread and commission. The minimum spread is from 1 pip for the STANDARD ACCOUNT and from 0.0 pip for the ECN ACCOUNT. The commission is $0 on the STANDARD ACCOUNT and $4 per round trade on the ECN ACCOUNT.

Account Types	STANDARD ACCOUNT	ECN ACCOUNT
Platforms	PLSXA	PLSXA
Speed	Instant Execution	Instant Execution
Products	250+ Currency pairs, Indices, Commodities, Share CFDs	250+ Currency pairs, Indices, Commodities, Share CFDs
Leverage	Up to 500:1	Up to 500:1
Min Spread	From 1 pip	From 0.0 pip
Commission	$0 Commission	$4 per round trade
Min. Deposit	$200	$200

　　PLSXA provides a simple and straightforward account opening procedure.

PLSXA Fees

　　Given the account type, the lowest difference is supported from 0.0 pip. There is also no commissions .

　　In the forex pairs, the EUR/USD spread is 0.0, and the rest of the forex pairs are between 0.2 and 0.5. The spread for commodities ranges from 0.2 to 11.4. In addition, the spread of the index remained at 0.2 to 1.9.