| Min. Deposit | 50 |
| Max Leverage | Max Leverage 1:2000 |
| Min. Spreads | 0.0 pips raw spreads from |
| Mobile Trading | Yes |
| Web Trading | Yes |
| News Trading | Yes |
| Headging Scalping: | Yes |
| Trade Platform | MetaTrader 4, MetaTrader 4 iOS, MetaTrader 4 Android, MetaTrader 5, MetaTrader 5 iOS, MetaTrader 5 Android |
Experienced professionals in the Fintech industry have established Plexytrade. Our goal is to offer traders the ultimate experience. Being a service-driven broker offering a multitude of market opportunities, we strive to provide the best market conditions. In addition, through our 24/5 attentive customer support to our valuable traders, we know how to keep you happy.
| Swap Free Acc | Yes |
| Acc Funding Methods | Confirmo, Bitcoin, Tether, Ether, Litecoin, Ripple, Cardano, Bitcoin Cash, Crypto |
| Acc Withdrawal Methods | Confirmo, Bitcoin, Tether, Ether, Litecoin, Ripple, Cardano, Bitcoin Cash, Crypto |
| Vip Accounts | Yes |
| Mini Accounts | Yes |
| Segregated Acc | Yes |
| Free Demo Acc | Yes |
| Managed Accounts | Yes |
| Islamic Accounts | Yes |
Top Floor, Rodney Court Building, Rodney Bay Gros Islet, Saint Lucia,
Reg. No. 2023 - 00662. Financial services provided by Plexy Trade Ltd.
Physical office address: Dzordza Vasingtona No.38, PD 232, Podgorica, 81000, Montenegro
This website is not directed at any jurisdiction and is not intended for any use contrary to local law or regulation.
RISK
WARNING: Leveraged Contracts for Difference (‘CFDs’) and Forex products
are complex financial instruments that are traded on margin. Before
deciding to trade, please ensure that you understand the risks involved
whilst taking into account your investment objectives and level of
experience. You should not risk more than you can afford to lose. All
information on this website is not directed toward soliciting citizens
or residents of North Korea, UK, Syria, United States, Canada, EEA or
any other jurisdiction that would be contrary to local law or
regulation. Trading leveraged products such as CFDs and Forex may not be
suitable for all investors as they carry a degree of risk to your
capital. Please ensure that you fully understand the risks involved, and
if necessary, seek independent advice. Please read the full Risk
Disclosure.
| Broker Name: | PlexyTrade |
| Country: | Saint Lucia |
| Base Currencies: | AUD, USD, GBP, EUR, JPY and More |
| Languages: | English, French, Spanish |
| News Trading: | Yes |
PlexyTrade is a worldwide provider of online forex trading services, specializing in forex and CFD trading. This broker is situated in Rodney Bay Gros Islet, Saint Lucia and offers a diverse range of products including FX, Indices, Crypto, Commodities and Stocks. As an unregulated broker, PlexyTrade is able to offer unrestricted trading and high leverage, which is not always possible in regulated markets. However, it is important to note that this lack of regulation also exposes traders to potential risks. Nonetheless, many traders still choose PlexyTrade due to its competitive trading conditions, generous leverage options, and low minimum deposit requirement.
In this article, PlexyTrade will be evaluated and assessed, delving into its characteristics, advantages, and disadvantages. Additionally, the most frequently asked questions about PlexyTrade will be addressed. By going through this review, you will acquire a deeper comprehension of whether PlexyTrade is the suitable broker for your trading requirements and preferences.
In the year 2024, Plexytrade was established as an internet-based broker for forex and CFD trading. This unregulated broker provides access to over 100 financial instruments, including major cryptocurrencies, forex, commodities, and global indices, to traders across the globe. Plexytrade permits all trading strategies, such as scalping, hedging, and news trading. The maximum leverage offered by Plexytrade is 1:2000.
Advantages:
Websites such as Trustpilot and Forex Peace Army have emerged as crucial resources for obtaining information about brokers. Numerous traders use these platforms to share their personal trading encounters. Nevertheless, these sites also contain a significant number of fabricated or sponsored reviews, and in some cases, competitors may leave negative feedback. As a result, it can be difficult to identify genuine reviews. It is advisable to carefully analyze the content and context of the reviews to determine their authenticity. It is not advisable to solely rely on these reviews, but rather incorporate them as a part of your overall research process when selecting a broker.
With a Trustpilot rating of 4.1 out of 5, PlexyTrade has proven to be a reliable and trustworthy platform. Our thorough review of customer feedback revealed that the majority of reviews are authentic and come from genuine users sharing their actual trading encounters.
According to Forex Peace Army (FPA), PlexyTrade has received an average rating of 3.8 out of 5. After evaluating various brokers on FPA, it has been observed that most of them have lower ratings. This could be due to various factors. There have been complaints that FPA only approves negative reviews for the sake of their own business, and does not publish positive ones. To accurately assess the reviews, traders should focus on the actual content. Reviews that are fake, paid for, or from competitors are usually generic and should be considered as part of the overall research process. However, it is not advisable to base decisions solely on these types of reviews. In case of any user complaints, it is recommended to discuss them with the broker to verify their validity. It is also important to thoroughly review the broker's policies and terms of service.
Is PlexyTrade a Reliable Broker?
PlexyTrade is a reputable foreign exchange broker located in Rodney Bay Gros Islet, Saint Lucia. This broker provides a diverse range of trading options, such as FX, Indices, Crypto, Commodities and Stocks. It should be noted that PlexyTrade is not under the oversight of any regulatory body and does not possess the necessary authorization. Considering the lack of regulation and limited financial information, we do not advise engaging in trading activities with PlexyTrade.
Is PlexyTrade under regulation?
PlexyTrade is not a regulated broker. It operates as an unregulated offshore forex broker and provides trading opportunities without any restrictions.
PlexyTrade offers traders the opportunity to engage in CFD trading, which is a type of derivative trading that enables them to make predictions on the price fluctuations of different financial assets like stocks, commodities, indices, and currencies. This can be done without the need to possess the actual underlying asset. Within its platform, PlexyTrade offers a diverse selection of CFD instruments including FX, Indices, Crypto, Commodities, and Stocks.
PlexyTrade is situated in the area of Rodney Bay Gros Islet, Saint Lucia. Saint Lucia is known for being the base of several offshore forex brokers.
Is KYC Verification necessary for PlexyTrade?
KYC (Know Your Customer) verification is a mandatory requirement for using PlexyTrade. This verification process is necessary to confirm the identity of clients in accordance with broker regulations and to maintain a secure trading environment. Usually, clients are requested to submit identification documents, such as a passport or driver's license, as well as proof of address, such as a utility bill or bank statement.
Is PlexyTrade's payout reliable?
PlexyTrade does indeed provide payouts to its clients. Clients are able to withdraw their funds from PlexyTrade using only cryptocurrencies. The payout process typically takes 24 hours, but after it has been processed, it may take anywhere from 1-6 hours for the funds to become available in your crypto wallet, depending on the number of confirmations (3-6) on the blockchain.
Indeed, PlexyTrade is a forex broker that operates on an ECN (Electronic Communication Network) system. The broker provides two types of ECN accounts, namely the Gold Raw and the Platinum VIP.
The minimum deposit amount for PlexyTrade is $50, but the exact minimum required may differ depending on the type of account. For instance, the Micro account has a minimum deposit requirement of $50, while the Silver account requires $300. Similarly, both the Gold Raw account and the Platinum VIP account have a minimum deposit requirement of $300 and $10000 respectively.
PlexyTrade is a broker that operates outside the region and provides online trading services to investors and traders around the globe. They offer a diverse selection of trading tools, such as FX, Indices, Crypto, Commodities, and Stocks. With spreads starting at 0.0 pips, the broker offers high leverage (up to 1:2000) and a minimum deposit of only $50. Its unrestricted trading options, including CFD trading, lower deposit requirement, and higher leverage, make it an attractive option for numerous traders.
