PLEXYTRADE REVIEW

Forex Broker: PLEXYTRADE (merged with LQDFX)

Headquarters/License: St Lucia | Not regulated within the E.U. (Europeans are not allowed)

Customer Support: 24/5 via EMAIL | PHONE

Minimum Account / Funding Methods: 50 USD via Confirmo and Several Cryptocurrencies (at the time of the review)

Trading Leverage: 400:1 and higher

PLEXYTRADE Forex Pairs: 41 Forex pairs plus several CFD Trading Products

PLEXYTRADE Trading Platforms: MetaTrader-4 MetaTrader-5 | MT4/MT5 WebTraders

Trading Spreads: 0.7 pip on EURUSD

Trading Commissions: $2-4 per full traded lot (Gold / Platinum Accounts)

PAMM/MAM Accounts: PAMM

Islamic Accounts: YES

Free Forex VPS: NO (VPS packages start from $50 monthly)

PLEXYTRADE Promotions: 120% Welcome Bonus (You can withdraw it)

» THE PLEXYTRADE WEB-SITE

INTRODUCTION TO PLEXYTRADE

PLEXYTRADE is an offshore-based broker founded in 2024, after merging with LQDFX. PlexyTrade is headquartered in St Lucia, and it is not yet regulated in the EU. The broker claims to provide ECN processing on VIP/Gold accounts and STP processing on other account types. Note that their funding methods are quite limited.

CUSTOMER SUPPORT: Phone and Email

WEBSITE LANGUAGES: English (ENG), Spanish (ES), Persian (FA)

 

PLEXYTRADE TRADING PLATFORMS

PLEXYTRADE offers MT4PlexyTrade offers the classic MetaTrader platform from MetaQuotes and an MT4/MT5 mobile trader for iOs and Android:

  1. MT-4
  2. MT4-5
  3. WebTraders for both MetaTrader platforms

PLEXYTRADE MT4/MT5 Overview

Trade Forex, crypto, commodities, selected indices, and spot metals on MetaTrader-4 and MetaTrader-5:

  • Welcomes algorithmic traders
  • One-Click Trading
  • Depth of Market
  • Advanced Charts & Technical Analysis
  • Negative Balance Protection

PLEXYTRADE Automated-Trading

  • Fully allows Automated-Trading and Scalping
  • The broker offers also PAMM accounts

» PLEXYTRADE FOREX TRADING

 

PLEXYTRADE FINANCIAL INSTRUMENTS

PlexyTrade offers a very wide asset index containing 41 Forex pairs plus many financial instruments via CFDs.

  • Over 100 products in FX, Indices, Crypto, Commodities and Stocks
  • 41 Forex Currency Pairs

 

PLEXYTRADE ACCOUNTS

Trading Leverage 400:1 and higher

Minimum Deposit: 50 USD (micro Account) and up to $10,000 (VIP Account)

Account Currencies: PlexyTrade accounts may be opened in Euro and US dollar

Funding Methods: Only Confirmo and Several Cryptocurrencies (at the time of the review)

Account Features

Micro Account

Silver Account

Gold Raw Account

VIP Platinum Account

Minimum Deposit

$50

$300

$10,000

Trading Leverage

2000:1

500:1 400:1

Trading Platforms

MT4 and MT5

Number of Forex Pairs

41 Forex Pairs

Over 100 products in FX, Indices, Crypto, Commodities and Stocks

Typical Trading Spreads (EURUSD)

0.7-0.9

0.1-0.2

Trading Commissions

NO

$4 per full-traded lot

$2 per full-traded lot

Automated Forex Trading

YES

Forex Scalping / Hedging

YES

Open Account

» PLEXYTRADE ACCOUNTS

 

PLEXYTRADE PAMM ACCOUNTS

  • Investors allocation being split by up to 0.0000001 in volume
  • Performance and management fees are paid automatically

 

PLEXYTRADE WELCOME BONUS

PLEXYTRADE offer an easy-to-track welcome bonus program. After depositing funds, for the first time, you can instantly claim a cash bonus:

  • Up to $24,000
  • Up to three (3) Trading Accounts per Client
  • The bonus is available on all account types (excluding PAMM)
  • The minimum deposit is $200
  • You can withdraw the bonus, after meeting the minimum volume requirements (*)

(*) NOTE: Positions open for less than three minutes are not eligible for the volume requirement

 

 

PLEXYTRADE REVIEW KEY POINTS

PlexyTrade is a new broker founded in 2024 (after merging with LQDFX). Headquartered in St Lucia, PlexyTrade is not yet regulated in the EU and forbids European traders. They claim to provide ECN processing on VIP and Gold Raw accounts and STP processing on other account types. Their customer support is 24/5 via phone and email. There is a dedicated account manager, but only for the VIP account type.

PlexyTrade asset index contains over 100 financial products in FX, Indices, Crypto, Commodities, and Stocks. Their currency index includes 41 pairs, and you can trade them on MetaTrader-4 and MetaTrader-5. Scalping, hedging, and EA trading are all allowed and you can also take advantage of a VPS for a low price. They offer a PAMM account as well. As mentioned above the broker is not regulated, but according to them, their clients' funds are completely segregated, off the balance sheet, and cannot be used to pay back creditors. PlexyTrade offer also Negative Balance Protection. 

The minimum deposit to open an account is $50 (Micro Account), however, you need $300 to open an ECN account while opening a VIP account requires $10,000 or more. Note that the ECN accounts provide tighter trading spreads than the micro and silver accounts. Their funding methods are very limited and at the time of the review include only Confirmo and several cryptocurrencies. Finally, there is a 120% welcome bonus that you can withdraw after meeting certain volume requirements. The welcome bonus applies to all account types, except PAMM, and the minimum deposit to claim the bonus is $200. The maximum bonus is $24,000.

Overall, PlexyTrade is a new broker (merged with LQDXF) and not a regulated broker. That means you must be careful.

 

» VISIT THE PLEXYTRADE WEBSITE AND START TRADING

 

PLEXYTRADE.com Review

ForexRobots.net

 


REVIEW BROKERS: » IC Markets (CFDs) | » RoboForex (ECN) | » FP Markets (ECN)

COMPARE BROKERS: » ECN/STP Forex Brokers

Search

Go to top