PLEXYTRADE Review

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PlexyTrade is a new broker offering CFDs via MT4/MT5, tight spreads, and an asset index of over 100 financial instruments {including 41 Forex pairs, equity indices, commodities, and 8 cryptocurrency pairs}.

■ Found: PLEXYTRADE was founded in 2024 (After a merger with LQDFX)

■ Headquarters: PLEXYTRADE is domiciled in St Lucia & Montenegro (physical base)

 ■ US/EU Residents: They forbid both US and EU traders –NO-

■ Swap-Free Accounts: -NO-

■ Regulated: PLEXYTRADE is not regulated -NO-

■ Client Bank Account Segregation: They claim that their client's funds are completely segregated, off the balance sheet. -YES-

■ Negative Balance Protection: -YES-

■ Website Languages: English, Spanish, and Persian

■ Customer Support: 24/5 via email

PLEXYTRADE REVIEW SUMMARY

■ Broker Type: Trading CFDs

■ Trading: Forex Currencies, Indices, Commodities, and Crypto

■ Platforms: MT4, MT5, and WebTrader

■ Trading Time Zone: GMT

■ Demo Account: -YES-

■ Min. Spread on EUR/USD: 0.7 pip plus $4.0 per full traded lot

■ Leverage: The Max Trading Leverage is 400:1 (VIP Account) and up to 2000:1 (Micro Account)

■ Scalping/Auto-Trading: Scalping and Automated trading are fully allowed

■ Minimum Account: $50 (Micro Account)

■ Fund Methods: Only Confirmo & Cryptocurrencies (at the time of the review)

► Visit the PlexyTrade Website

 

PLEXYTRADE TRADING ASSETS

PLEXYTRADE offers the following assets:

■ Forex Trading: 40+ Forex Pairs

■ Stocks & Indices: 50+ EU and US stocks

■ Commodities: Metals, Energies, Agricultural Commodities

■ Cryptocurrencies: 8 crypto pairs

PLEXYTRADE TRADING SPREADS

These are the spreads and trading commissions charged by PLEXYTRADE(*):

■ PLEXYTRADE minimum EURUSD spread is 0.7 pip, plus $4.0 per full traded lot {Swaps Long/Short: -$6.05/+$2.85}

■ PLEXYTRADE minimum USDJPY spread is 0.8 pip, plus $4.0 per full traded lot {Swaps Long/Short: -$1.38/+$1.38}

■ PLEXYTRADE minimum GBPUSD spread is 0.7 pip, plus $4.0 per full traded lot {Swaps Long/Short: -$2.33/+$0.97}

 

PLEXYTRADE TRADING PLATFORMS & MOBILE

Click the following slider to find information about their platforms.

 

PLEXYTRADE NEW ACCOUNT INFORMATION

Minimum Account: The minimum required deposit amount to open an account with PLEXYTRADE is 50 USD

	PLEXYTRADE ACCOUNTS
Minimum Deposit	50 USD (Micro Account) | $300 (Silver/Gold Account) | $10,000 (VIP Account)
Account Currencies	EURO | US DOLLAR
Minimum Trade Size	0.01
PlexyTrade Promotions	120% WELCOME BONUS (All Account Types)
Max Trading Leverage (Forex)	2000:1 (Micro Account) | 500:1 (Silver/Gold Account) | 400:1 (VIP Account)
	► PlexyTrade New Accounts

Deposit/Withdrawal Methods:

■ Only Confirmo & Cryptocurrencies are available at the time of the review

■ No Withdrawal fees

 

Welcome Bonus

■ Welcome Bonus of up to 24,000 EUR/USD

■ The bonus is available for all account types (excluding PAMM)

■ The minimum deposit to claim the bonus is $200

■ You can withdraw the bonus, after achieving the minimum volume requirements

■ Note that trades opened for less than 3 minutes are not eligible for meeting the minimum volume requirements

► PlexyTrade Bonus Promotions

 

PLEXYTRADE CORPORATE INFORMATION

Click the following slider to reveal their corporate profile.

 

PLEXYTRADE REVIEW PROS AND CONS (According to competition)

PLEXYTRADE REVIEW PROS & CONS
PLEXYTRADE Review PROS (√)	PLEXYTRADE Review CONS (X)
√ 4 account types, including a VIP account, but also PAMM Accounts √ 50 minimum deposit √ Tight trading spreads and low trading commissions √ Over 100 instruments via MT4/MT5, including 40 Forex pairs, commodities, and cryptocurrencies  √ Scalping and Automated Trading allowance √ Free VPS (requires a 2,000 USD deposit) √ A welcome bonus (traders can withdraw it after meeting volume requirements)	X New Company, not Regulated X Not servicing US or EU traders X Not many funding methods are available (at the time of the review) X No phone or live chat support (at the time of the review)

 

 

PLEXYTRADE Review Conclusions:

Domiciled in St Lucia, PlexyTrade was founded in 2024 after merging with LQDFX. The broker offers a good variety of financial instruments (over 100), including 41 Forex pairs, equity indices, commodities, and 8 cryptocurrency pairs. PlexyTrade is not regulated, but they claim to offer client bank account segregation and negative-balance protection. Their customer service is 24/5, available only via email. Hopefully, they will offer live chat support soon.

PlexyTrade provide MetaTrader 4 and MetaTrader-5 in various versions (desktop and mobile) while they are fully allowing scalping and automated trading. The use of Expert Advisors (EAs) is also allowed and there is a free VPS ($2,000 minimum deposit). Their trading spreads are very tight and start as low as 0.7 pip on EURUSD (Micro Account) and even lower on other account types. PlexyTrade account types include Micro, Silver, Gold, and VIP, while there are also PAMM accounts. The minimum deposit to open a new account is $50 (Micro Account), but gets as high as $10,000 for opening the VIP Account. The trading leverage can be up to 2000:1 (Micro Account) and lower for other account types. Additionally, PlexyTrade offer a demo account, trading calendars, and free education.

As concerns trading promotions, apart from the free VPS, there is a welcome bonus of up to 24,000 USD/EUR. The bonus is available to all account holders who deposit at least $200 (you can withdraw it after meeting certain volume requirements).

► Visit the PlexyTrade Website

 

 

■ PLEXYTRADE.com Review

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