Global Broker Regulatory Inquiry Platform
WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

plexytrade

Saint Lucia Saint Lucia | 2-5 years |
Suspicious Regulatory License | MT4 Full License | Regional Brokers | High potential risk

https://plexytrade.com

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

PlexyTrade-Demo

United Kingdom
United Kingdom
MT4
11

Influence

B

Influence index NO.1

Netherlands Netherlands 6.02

MT4/5 Identification

MT4/5 Identification

Full License

11
Server Name
PlexyTrade-DemoMT4
Server LocationUnited KingdomUnited Kingdom

Influence

Influence

B

Influence index NO.1

Netherlands Netherlands 6.02
Surpassed 20.30% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+382 68 04 3222
https://plexytrade.com
Top Floor, Rodney Court Building, Rodney Bay Gros Islet, Saint Lucia

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region
Saint Lucia
Operating Period
2-5 years
Company Name
Plexy Trade Ltd.
Customer Service Email Address
support@plexytrade.com
Contact Number
+38268043222
Company Website
Account
Related Software
Biz Area
Website
Company Summary
News
Wiki Q&A
Comment
MT4/5
Full License MT4
Full License MT4
Full License MT5
Full License MT5
2
MT4 Servers
1
MT5 Servers
146.20
velocityIcon
Average Latency (ms)/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 4
Meta Trader 4
Perfect
Meta Trader 5
Meta Trader 5
Perfect

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Official Website

Website

  • plexytrade.com
    104.26.10.196
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Company Profile

Company Profile

Review 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
MT4Windows, macOS, iOS, Android, WebBeginners
MT5Windows, macOS, iOS, Android, WebExperienced traders
TradeLockerWindows, 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

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • MT4 Full License
  • MT5 Full License
  • Regional Brokers
  • High potential risk

News

Plexytrade Review: Miseries Pile Up for Traders with Slippage, Withdrawal Denials and Capital Losses

Exposure Plexytrade 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.

FCA Exposed 10 Brokers — Are You Trading with One of Them?

Exposure FCA Exposed 10 Brokers — Are You Trading with One of Them?

Recently, the Financial Conduct Authority (FCA) of the UK warned about 10 scam brokers. Are you sure your money is safe with your broker? Is your broker on this list? Check out the list below and protect yourself before it’s too late.

Scam Alert: 7 Suspicious Brokers Banned by Trusted Authority

Exposure Scam 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.

 Plexytrade: Something You Need to Know About This Broker

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.

Wiki Q&A

How safe is trading with Plexytrade?

Trading with Plexy Trade Ltd. is considered a high-risk activity due to its status as an unregulated entity operating from Saint Lucia, which lacks any credible financial regulatory oversight or client fund protection schemes. While the broker offers multiple accounts with features such as a low $50 minimum deposit on its Micro account, leverage as high as 1:2000, and support for MetaTrader 4 and MetaTrader 5 platforms with an average reported execution speed of 170.60, the absence of a recognized regulatory framework significantly elevates the risk to client capital.

Two days ago
United States

Is Plexytrade regulated?

Plexy Trade Ltd. is not regulated by any recognized financial authority. The broker is registered in Saint Lucia, an offshore jurisdiction, and does not hold licenses from top-tier regulators such as the UK's FCA, Australia's ASIC, or Cyprus's CySEC. It operates entirely without mainstream regulatory oversight.

Two days ago
United States

What is the full company name of Plexytrade?

The broker operates under the full corporate name Plexy Trade Ltd.

Two days ago
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

Two days ago
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

Two days ago
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Two days ago
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

Two days ago
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

Two days ago
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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