MetaTrader 5
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
Runs on
- Windows
- Mac
- Web
- Android
- iOS
Details
Is Plexytrade a scam?
Wikilix independent safety report
76%Scam risk
Likely scamConfidence: MEDIUM
2.0/5Safety rating 2 out of 5
PlexyTrade is an unregulated offshore broker that the UK Financial Conduct Authority has publicly warned against, and we rate it a likely scam. It holds no financial licence from any regulator . It s…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation7/10 · HighIdentity & transparency5/10 · ModerateWithdrawals & conduct6/10 · HighReputation7/10 · HighWebsite claims5/10 · ModerateOperational history5/10 · Moderate
Editorial review
Broker Summary
What Wikilix has recorded about Plexytrade: its history, the licences it holds, its trading conditions and its fees.
Broker Summary - Plexytrade
Overview and Introduction
Selecting a broker is an important decision for new and seasoned traders because of the rapid pace of today's financial markets. Plexytrade is a financial services company and a broker that provides services to address the needs of a diverse range of traders. Plexytrade is committed to providing traders with the tools and services needed to navigate the ever-evolving trading environment.
This summary will discuss what Plexytrade has to offer, the background of its history, regulatory information, trading conditions, fees and user experience. Due to the lack of information available to the public, there are gaps in what is mentioned below, as well as gaps in the information provided.
History/Background
As there is currently little public information about Plexytrade, there is currently no verified information available about the date Plexytrade was established, who its founders are or when it began operations.
Brokers in this category generally emerge as a result of changing market conditions and taking advantage of advancements in technology, offering competitive pricing and/or niche products. Traders who consider trading with Plexytrade should do due diligence and reach out to the company to acquire additional background information.
Key Features & Services
Plexytrade does not provide detailed information about its features or offerings. However, brokers in this category typically offer:
Forex, commodities, indices and cryptocurrencies
Different types of accounts that suit the trading preferences of various traders
Educational resources, analytical tools and customer support
Traders will need to contact Plexytrade directly to find out exactly what they offer.
Regulation and Licensing
Regulation and compliance with international standards is essential for providing a secure environment and meeting the standards that the financial services industry adheres to. Limited publically available information exists regarding the licensing and/or regulatory status of Plexytrade.
Regulatory Authority License Number Status
Limited publically available information Limited publically available information Limited publically available information
Prospective traders are strongly urged to verify Plexytrade's regulatory status through the proper regulatory authority prior to beginning their trading.
Trading Conditions and Technology
Limited publically available information related to trading conditions and/or technology that Plexytrade supports exist. For example, key elements such as spreads, leverage, minimum deposits and trading software are not documented publically.
Supported Trading Platforms Limited information available
In general, traders prefer platforms that provide reliable, fast, and user-friendly access, regardless of whether they are proprietary or widely used (e.g. MetaTrader4/5).
Fee Schedule
Currently, there is no specific fee information available related to Plexytrade, including deposit/withdraw fees or commissions.
Clients of Plexytrade should confirm current fees directly from Plexytrade prior to opening any accounts.
User Experience/Market Reputation
Currently, no public reviews or testimonials exist about Plexytrade. Therefore, it is difficult to ascertain the level of customer support, platform reliability, and overall trader satisfaction. It is highly recommended that traders conduct thorough research, including via community verified discussions, prior to placing any investments.
Recent Updates
As of this time, Plexytrade has not announced any recent updates or activity. Traders are recommended to monitor the
official channels of Plexytrade or contact them directly for current and updated information.
Conclusion
Plexytrade is a broker that has limited publicly available information and lacks sufficient information to properly assess. Regulatory status, trading conditions, fees and user feedback are current unknowns.
It is highly recommended that prospective traders exercise caution and perform due diligence by contacting Plexytrade directly for specific background
and fee structure. Transparency and compliance with regulation are key to ensuring a secure and successful trading experience.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for Plexytrade. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Plexytrade. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Trading accounts
Account Types
4 account types on record. Minimum deposit from USD 50. Leverage up to 1:2000.
4 account types
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| RAWECN | USD 10,000 | 1:400 | $1 ($2 round turn) |
| PlatinumVIP | USD 300 | 1:500 | 0 |
| MicroCent | USD 50 | 1:2000 | 0 |
| GoldVIP | USD 300 | 1:500 | $2 ($4 round turn) |
Deposits & withdrawals
Funding Methods
2 ways to fund an account. 2 with no deposit fee. 2 credit instantly.
2 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
ConfirmoE-WalletWithdrawals processed within 1–2 business days after account verification. KYC verification required prior to withdrawal. Withdrawals must be made through the same channel as deposits. Available to users in regions where Confirmo operates. | Free | USD 15 | USD 50 | USD 15USD 50,000 | Instant |
Cryptocurrencies (e.g., Bitcoin, Ethereum)CryptocurrencyWithdrawals processed within 1–2 business days after account verification. KYC verification required prior to withdrawal. Withdrawals must be made through the same channel as deposits. Available to users in regions where cryptocurrency transactions are permitted. | Free | USD 75 | USD 50 | USD 75USD 50,000 | Instant |
Trading software
Trading Platforms
2 trading platforms on record: MetaTrader 5 and MetaTrader 4.
2 platforms
MetaTrader 4
MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.
Runs on
- Windows
- Mac
- Web
- Android
- iOS
Details
Websites
Global Domains
2 domains on record. All active and served over HTTPS.
2 domains
Company registry check
Company Registration
Plexytrade names Plexy Trade Ltd as the operating company. We could not confirm that registration on the registry.
Not confirmed on registry
- Legal entity
- Plexy Trade Ltd
- Registration number
- 2023-00662
- Jurisdiction
- Saint Lucia
- Registry
- Registry of International Business Companies (Saint Lucia)
- Registered address
- Top Floor, Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia
Peer comparison
Brokers worth comparing
3 other brokers on the record share what Plexytrade offers — its country, regulator, account types or platforms — set beside it on the same measures.
3 peers
Plexytrade
This recordSaint Lucia · since 2016· Plexy Trade Ltd.Wikilix score 20.0RegulationNo RegulationMax leverage1:2000Platforms2LicencesNot recordedITB
Saint Lucia · since 2017· ITB BrokerWikilix score 20.0RegulationOffshoreFSAMax leverage1:500Platforms1Licences1Vantage
Australia · since 2009· VANTAGE GLOBAL PRIME PTY LTDWikilix score 20.0RegulationRegulatedASICMax leverage1:1000Platforms4Licences6Exness
Cyprus · since 2008· Exness Technologies LtdWikilix score 20.0RegulationRegulatedFSAMax leverage1:100Platforms2Licences8
Frequently Asked Questions
Frequently Asked Questions
Common questions about Plexytrade
Most Popular Questions
Plexytrade offers leverage up to 1:2000. This high leverage is available on their ECN accounts with variable spreads and commission fees.
The minimum deposit amount at Plexytrade is 50 USD. This applies to deposits made through supported methods such as Confirmo and cryptocurrencies.
Deposits via Confirmo and cryptocurrencies have no fees, but withdrawals incur fixed fees of 15 USD for Confirmo and 75 USD for cryptocurrencies. Withdrawals require KYC verification and are processed within 1–2 business days.
Plexytrade provides access to MetaTrader 4 and MetaTrader 5 platforms. Both platforms are available on multiple devices including web, iOS, Android, Mac, and Windows.
According to WIKILIX data, Plexytrade (Plexy Trade Ltd.) is not regulated by any financial authority. It operates from Saint Lucia but holds no official licenses or regulation status.
Comments
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