Forex Plexytrade Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

2.0

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.2

Business 1.5

Risk Control 1.8

Software 2.5

Regulatory 2.0

Terminal Snapshot

Plexytrade Trading Conditions

Registered Region Saint Lucia

Operating Period 1-2 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@plexytrade.com

Contact Number +38268043222

Website plexytrade.com

Balanced Review

Pros & Cons

Pros

Diverse trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
Access to popular MetaTrader 4 and MetaTrader 5 platforms
Zero commission on stock and index CFDs
24/5 customer support available in multiple languages
Segregated accounts and negative balance protection measures

Cons

Not regulated by any recognized financial authority
Limited withdrawal options, only supports cryptocurrency transactions
High withdrawal fees ranging from $15 to $75 per transaction
Lacks comprehensive educational resources for beginner traders
Limited variety of trading instruments compared to other brokers

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Plexytrade	Fintrix Markets	Wisdom Financial Service	AvaTrade
Operating Period	1-2 years	See review	See review	See review
Region	Saint Lucia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	2.0/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Plexytrade Offer?

Account Type	Target User Group	Key Characteristics	Applicability Notes
Micro Account	Beginners	Low minimum deposit, no commissions	Suitable for small-capital practice
Silver Account	Intermediate Traders	No commissions, 7-day swap-free option	Requires a minimum deposit of $300
Gold Raw Account	Experienced Traders	Raw spreads starting from 0.0 pips, 7-day swap-free option	Requires a minimum deposit of $300
Platinum Account	Professional Traders	Raw spreads starting from 0.0 pips, low commission	Requires a minimum deposit of $10,000

Account Opening Process

Plexytrade offers a straightforward account opening process that includes submitting personal, employment, and financial information. Traders are required to complete identity verification by providing a valid ID and proof of address. Additionally, Plexytrade allows for account flexibility, enabling users to upgrade to a professional account later on if they meet the necessary requirements.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.7	$0 (Micro and Silver Accounts)	Competitive spreads for beginners
Forex (Gold Raw and Platinum)	0.0	$2 (Gold Raw), $1 (Platinum)	Attractive for active traders
CFDs (Stocks, Indices, Commodities)	Varies	Depends on account type	Subject to market conditions
Cryptocurrencies	1.1	0%	Variable depending on volatility

Other Fees

Traders should be aware of several other fees associated with their accounts, which include deposit and withdrawal fees, inactivity fees, platform usage fees if applicable, overnight interest (swap rates), and currency conversion fees. Plexytrade’s fee structure is designed to maintain transparency while providing competitive trading conditions.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Plexytrade User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Carlos Mendez

Miami, FL

★ ★ ★ ★ ★

I’ve been trading with Plexytrade for a few months now, and I must say, their platform is quite user-friendly. The execution speed is impressive, and I appreciate the low spreads offered on major forex pairs. Customer service has been responsive when I’ve reached out for help, but I do wish they had 24/7 support. Overall, a solid experience for me as a trader.

Sarah Thompson

Toronto, Canada

★ ★ ★ ★ ★

Plexytrade has been fantastic for my trading journey! The Metatrader platforms are intuitive, and I’ve found the trading tools they provide, like the economic calendar and technical indicators, very helpful. Withdrawals have been processed quickly for me, and the customer support team is always ready to assist. Highly recommend this broker!

James Patel

London, UK

★ ★ ★ ★ ★

My experience with Plexytrade has been quite frustrating. While the trading platform works fine, I’ve encountered delays with withdrawals that have made me anxious about the safety of my funds. Additionally, the customer support has not been very helpful when I raised my concerns. I’m considering switching to another broker due to these issues.

Nina Chen

Sydney, Australia

★ ★ ★ ★ ★

I had a terrible experience with Plexytrade. Their customer service is unresponsive, and I faced significant delays in withdrawing my funds. It feels like they manipulate prices to their advantage, which has led to heavy losses on my trades. I would not recommend this broker to anyone looking for a reliable trading experience.

Saint Lucia Market