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Home -
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Plexytrade -

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 | 1-2 years | Environment D |
Suspicious Regulatory License | MT4 Full License | Regional Brokers | High potential risk

https://plexytrade.com

Website
Open Account Time Machine

Rating Index

Environment

Environment

D

Average transaction speed (ms)

734.7 Poor

MT4/5

Full License

PlexyTrade-Demo

United Kingdom
MT4
9

Influence

B

Influence index NO.1

Netherlands 6.57

Environment

Speed：C

Slippage：C

Cost：AAA

Disconnected：D

Rollover：B

MT4/5 Identification

MT4/5 Identification

Full License

9
Server Name
PlexyTrade-Demo MT4
Server Location United Kingdom

Influence

Influence

B

Influence index NO.1

Netherlands 6.57
Surpassed 19.50% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

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

Licenses

No valid regulatory information, please be aware of the risk!

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

Basic Information

Registered Region
Saint Lucia
Operating Period
1-2 years
Company Name
Plexy Trade Ltd.
Customer Service Email Address
support@plexytrade.com
Contact Number
+38268043222
Company Website
https://plexytrade.com
Account
Related Software
Environment
Biz Area
Website
Company Summary
News
Wiki Q&A
Comment
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Environment

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
4USD/Lot Perfect
15.04USD/Lot Perfect
Long: -6.05USD/Lot    Short: 2.65USD/Lot Good
Long: -44.02USD/Lot    Short: 16.28USD/Lot Poor
Average slippage
2.7 Good
Maximum transaction slippage
0 Perfect
Maximum positive slippage
0
Maximum negative slippage
0 Perfect
Average disconnection frequency (times/day)
1 Poor
Average reconnection time (millisecond/per request)
3915.5
Ranking： 116 / 125
Test user 161
Orders 2,277
Ocuppied margin $283,607 USD
Data Source
WikiFX Data provide
Updated： 2025-08-27 01:00:00

Website

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

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

Keywords

  • 1-2 years
  • Suspicious Regulatory License
  • MT4 Full License
  • MT5 Full License
  • Regional Brokers
  • High potential risk

News

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.

2025-08-28 19:41

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.

2024-07-11 17:18

Wiki Q&A

Chris hagerman
Within 1 year

Are there commissions at Plexytrade?

WikiFX Reply
Plexytrade does charge commissions for the Gold Raw and Platinum accounts, with $1 per lot for Gold Raw and $2 per lot for Platinum. However, there are no commissions on Micro and Silver accounts, which is a relief for me. I like that they have options for both commission-based and commission-free accounts.
Broker Issues
Plexytrade
Fees and Spreads
07-30
United States
zack18
Within 1 year

What is the minimum deposit at Plexytrade?

WikiFX Reply
The minimum deposit for a Micro account at Plexytrade is $50, which is really affordable for me as a beginner. For higher-tier accounts like the Silver or Platinum accounts, the deposit requirements increase, but I think the Micro account is a great place for anyone starting out.
Broker Issues
Plexytrade
Withdrawal
Deposit
07-28
United States
Eziol
Within 1 year

What trading instruments are available on Plexytrade?

WikiFX Reply
Plexytrade offers a wide range of trading instruments, including forex pairs, commodities, indices, stocks CFDs, and cryptocurrencies. I like that I have access to different markets for diversification, but I would have liked to see bonds or ETFs as well.
Broker Issues
Plexytrade
Instruments
Leverage
Account
Platform
07-14
United States
Moshiheya
Within 1 year

What are the pros of Plexytrade?

WikiFX Reply
One of the pros of Plexytrade for me is that it offers MT4 and MT5, which are platforms I’m comfortable with. Plexytrade’s account types are also flexible, including Micro and Platinum accounts, catering to traders at different experience levels. Also, their no deposit bonus offers a way for new traders to explore the platform without a financial commitment, which I find appealing.
Broker Issues
Plexytrade
Regulation
06-19
United States
View More

User Reviews 3

All (3) Positive (1) Neutral (1) Exposure (1)
Darlintino
Within 1 year
Exposure
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.
Three days ago

United States
FX2303352174
Within 1 year
Neutral
ehh
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.
02-05

United States
robin2018
1-2 years
Positive
Plexytrade Acquires LQDFX in 2024: Smooth Transition, Enhanced Mobile Trading Experience
Plexytrade bought out LQDFX in 2024 and moved a lot of the employees over to Plexy. The service has been seamless, and they support mobile Metatrader 4 which is awesome. They have been super easy to work with. Crypto in/out only. Takes USA clients.
2024-06-19

United States
No more
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