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Plexytrade -

Score

1.95 /10
Danger

Plexytrade

Saint Lucia

1-2 years

Suspicious Regulatory License

MT4 Full License

Regional Brokers

High potential risk

https://plexytrade.com

Benchmark

D

Influence

B

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index5.08

Risk Management Index0.00

Software Index8.58

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

X

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-08-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Plexytrade · Benchmark
Average transaction speed(ms)
734.7 Poor
The highest transaction speed(ms)
625 Poor
The highest speed of opening positions(ms)
656 Poor
The highest speed of closing position(ms)
625 Poor
The lowest speed of opening positions(ms)
985 Great
The lowest speed of closing position(ms)
812 Great
Ranking： 116 / 125
Test user 161
Transactions 2,277
Ocuppied margin $283,607 USD
Data Source WikiFX Data provide
Updated: 2025-08-27 01:08:00

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
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

ExposureScam Alert: 7 Suspicious Brokers Banned by Trusted Authority

One of the Reputed Authority, the Financial Conduct Authority (FCA), has issued a warning against seven illegal brokers . These brokers are offering financial services to people with the intention to commit fraud.

WikiFX
2025-08-28 19:41
Scam Alert: 7 Suspicious Brokers Banned by Trusted Authority

Exposure Plexytrade: Something You Need to Know About This Broker

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
Plexytrade: Something You Need to Know About This Broker
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User comment

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Darlintino
0-3months
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.
Translate to English
2025-08-26 22:52
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FX2303352174
6-12months
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.
Translate to English
2025-02-05 13:24
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