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Score

2.05 /10
Danger

plexytrade

Saint Lucia

2-5 years

Questionable Regulatory License

MT4 Full License

High Potential Risk

https://plexytrade.com

Influence

B

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index5.76

Risk Management Index0.00

Software Index8.69

License Index0.00

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Website

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

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Broker Information

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Company Name

Plexy Trade Ltd.

Company Abbreviation

plexytrade

Platform registered country and region

Saint Lucia

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2026-06-27
  • This broker lacks valid forex regulation. Please be aware of the risk!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
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plexytrade · Company 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
MT4✔Windows, macOS, iOS, Android, WebBeginners
MT5✔Windows, macOS, iOS, Android, WebExperienced traders
TradeLocker✔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/EUR0Instant
Crypto
Deposit

Withdrawal Options

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

News

ExposureIs plexytrade Losing Customer Trust? A 2026 Review of Pending Withdrawals & Account Suspensions

As we examine plexytrade, we come across attractive terms like opening the account with just $50 and enjoying 100% tradable bonus and 120% cash bonus. These terms can prompt anyone to open a plexytrade trading account. But as an informed trader, you need to go beyond these marketing terms. What is the real-time trading experience? Are users receiving the benefits as promised? The plexytrade reviews shared by users online indicate that not everything is good at this broker. Traders have claimed pending withdrawals, high slippage eating into their margins and unwanted account suspensions by the broker. In this article, we have examined user allegations as well as provide our in-depth perspective into the broker’s regulatory status.

WikiFX
2026-06-19 18:58
Is plexytrade Losing Customer Trust? A 2026 Review of Pending Withdrawals & Account Suspensions

Exposureplexytrade Review 2026: Unregulated Status, Extreme Leverage, and Slippage Complaints

The available data for plexytrade shows the broker operates without verified regulatory licenses and holds a low WikiFX score of 2.05. Indian traders should cautiously review user complaints alleging severe slippage and negative balances before depositing funds.

WikiFX
2026-06-01 15:30
plexytrade Review 2026: Unregulated Status, Extreme Leverage, and Slippage Complaints

ExposurePlexytrade Regulation: Is This Forex Broker Legit or a Scam?

Discover the truth about Plexytrade regulation. Learn about its licensing, leverage, and fees to determine if this Plexytrade broker is safe for your funds.

WikiFX
2026-04-22 15:13
Plexytrade Regulation: Is This Forex Broker Legit or a Scam?

ExposurePlexytrade 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.

WikiFX
2025-10-15 18:44
Plexytrade Review: Miseries Pile Up for Traders with Slippage, Withdrawal Denials and Capital Losses
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User comment

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Comments

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Darlintino
6-12months
Every winning position was eroded by slippage until my account balance turned negative My experience with this broker ended with heavy personal losses caused by their practices, not the market.
Every winning position was eroded by slippage until my account balance turned negative My experience with this broker ended with heavy personal losses caused by their practices, not the market.
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2025-08-26 22:52
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FX2303352174
more than one year
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.
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.
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2025-02-05 13:24
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