□ 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)
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 the classic MetaTrader platform from MetaQuotes and an MT4/MT5 mobile trader for iOs and Android:
- MT-4
- MT4-5
- 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 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 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
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