PlexyTrade Review 2026

Item: PlexyTrade
Rating: 3.59
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: May 17, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $50
Fees 7 /10
Account types 6.1 /10
Regulation 3.7 /10

3.6 /10

High risk

PlexyTrade User Reviews 6.0
Commissions and Fees 7.0
Regulation and Safety 3.7
Account Types 6.1
Deposit and Withdrawal 3.8
Markets and Tradable Assets 5.8
Trading Account Opening 9.0
Customer Support 4.2

PlexyTrade Pros & Cons

Leverage up to 1:2000
Spreads from 0 pips on select accounts
100+ trading instruments
Variety of account types for different trader levels
MetaTrader 4 and 5 support for copy trading, active trading, and algorithmic trading
24/5 multilingual support
Crypto deposits and withdrawals with no deposit fees

Offshore registration and no license
Limited investor protection due to lack of regulation

TU Expert Verdict

PlexyTrade carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

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PlexyTrade User Reviews

Score:

6 /10

4 total

5-star

0%
4-star

25%
3-star

50%
2-star

25%
1-star

0%

I use PlexyTrade to trade currencies and CFDs on stocks. I was pleasantly surprised by the minimal spreads and absence of commissions on Micro and Silver accounts. The MetaTrader 4 platform is stable and there are no requotes. Execution speed is high, if you do not trade during the release of important news. Chat support service responds within a few seconds, and at any time of the day. PlexyTrade has its own system of PAMM-accounts, which allows you to become both an investor and a manager. The broker offers training, analytics and customer support in several languages, which makes it convenient for international traders.

Использую PlexyTrade для торговли валютами и CFD на акции. Приятно удивили минимальные спреды и отсутствие комиссий на счетах Micro и Silver. Платформа MetaTrader 4 работает стабильно, реквоты отсутствуют. Скорость исполнения высокая, если не торговать во время выхода важных новостей. Служба поддержки в чате отвечает в течение нескольких секунд, причем в любое время суток. У PlexyTrade есть собственная система ПАММ-счетов, которая позволяет стать как инвестором, так и управляющим. Брокер предлагает обучение, аналитику и поддержку клиентов на нескольких языках, что делает его удобным для международных трейдеров.

I trade Forex and stock CFDs with PlexyTrade. I was impressed by the low spreads and no commissions on Micro and Silver accounts. MT4 works reliably, with no requotes. Execution speed is fast outside of high-impact news releases. Support responds within seconds via chat at any time of day. Their PAMM system allows users to participate either as an investor or a manager. Educational content and multilingual support make it a strong choice for global traders.

PlexyTrade provides competitive conditions, including spreads from 0 pips and access to MetaTrader 5. Crypto deposits are fast, though the lack of regulation was a concern. Still, I decided to try it and have been satisfied so far. Copy trading is allowed and I actively use it. The site also has trading calculators and an economic calendar, which help with planning and analysis.

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Commissions and Fees

Score:

7 /10

The trading and non-trading commissions of PlexyTrade have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No inactivity fee
No deposit fee
No withdrawal fee

Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of PlexyTrade with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, PlexyTrade’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

PlexyTrade Standard spreads
	PlexyTrade	OANDA	FOREX.com
EUR/USD min, pips	0.7	0.1	0.7
EUR/USD max, pips	1.3	0.5	1.2
GPB/USD min, pips	Not supported	0.1	0.9
GPB/USD max, pips	Not supported	0.5	1.4

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

PlexyTrade RAW/ECN spreads
	PlexyTrade	OANDA	FOREX.com
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	4	3.5	5
EUR/USD avg spread	0	0.15	0.2
GBP/USD avg spread		0.2	0.4

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with PlexyTrade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

PlexyTrade Non-Trading Fees
	OANDA	FOREX.com
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0-15	0
Inactivity fee ($, per month)	0	15

Is PlexyTrade Safe?

Score:

3.7 /10

PlexyTrade has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Is regulated
Negative balance protection

Not tier-1 regulated
Track record of less than 8 years

PlexyTrade Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
Abbreviation FSRA	Full Name Financial Services Regulatory Authority	Country of regulation Saint Lucia	Investor Protection Fund No specific fund	Regulation Level Tier-3

PlexyTrade Security Factors
Foundation date	-
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

6.1 /10

PlexyTrade offers the following account options: Demo, Standard, ECN/Raw spread, Micro.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Forex account with Micro lots
Low minimum deposit
Demo account

No Cent account
No VIP account option

PlexyTrade account types vs top competitors
	PlexyTrade	Trading.com	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	No	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	Yes	No	No
Swap Free	No	No	Yes
VIP	No	No	No
Managed	No	No	No

PlexyTrade accounts trading conditions

PlexyTrade offers several account types suitable for both beginner and experienced traders. Each type comes with specific features and minimum deposit requirements.

Account Types:

Account Type	Description
Micro.	Accounts with floating spreads starting from 0.7 pips and no per-lot commission. The maximum leverage is 1:2000. The minimum deposit is $50.
Silver.	Accounts with leverage up to 1:500 and no trading commission. Minimum spreads start at 0.7 pips. The required initial deposit is $300.
Gold Raw.	Accounts featuring spreads from 0 pips and a commission of $4 per lot. The minimum deposit is $300, and leverage is up to 1:500.
Platinum VIP.	Accounts with the lowest commission of $2 per lot. Spreads are floating and start from 0 pips. The minimum deposit is $10,000, and the maximum leverage is 1:400.

Deposit and Withdrawal

Score:

3.8 /10

PlexyTrade received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

PlexyTrade offers limited payment options and accessibility, which may impact its competitiveness.

Bitcoin (BTC) accepted
Low minimum withdrawal requirement
No withdrawal fee
No deposit fee

PayPal not supported
No bank wire option
BTC not available as a base account currency

What are PlexyTrade deposit and withdrawal options?

PlexyTrade offers a limited selection of deposit and withdrawal methods, including BTC, USDT, Ethereum. This limitation may restrict flexibility for users, making PlexyTrade less competitive for those seeking diverse payment options.

PlexyTrade Deposit and Withdrawal Methods vs Competitors
	PlexyTrade	Trading.com	Plus500
Bank Wire	No	Yes	Yes
Bank card	No	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	No	No

What are PlexyTrade base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. PlexyTrade supports the following base account currencies: USD, EUR.

What are PlexyTrade's minimum deposit and withdrawal amounts?

The minimum deposit on PlexyTrade is $50, while the minimum withdrawal amount is $15. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact PlexyTrade’s support team.

Markets and Tradable Assets

Score:

5.8 /10

PlexyTrade offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 41 Forex pairs.

Indices trading
Copy trading platform
41 supported currency pairs

Futures not available
No ETFs

Supported markets vs top competitors

We have compared the range of assets and markets supported by PlexyTrade with its competitors, making it easier for you to find the perfect fit.

	PlexyTrade	Trading.com	Plus500
Currency pairs	41	69	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	100	69	2800
Stocks	Yes	No	Yes
Commodity futures	Yes	No	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	No	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products PlexyTrade offers for beginner traders and investors who prefer not to engage in active trading.

	PlexyTrade	Trading.com	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	Yes	No	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

9 /10

We successfully registered an account with PlexyTrade in 10 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at PlexyTrade is $50.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Low minimum deposit requirement
Fast registration time (up to 15 minutes)
Fully online account opening process

Account approval may require extra time depending on the documentation.

PlexyTrade account opening
	PlexyTrade	Trading.com	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$50	$50	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	10	20	5
KYC time (days)	2	2	3

Is PlexyTrade available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

Opening an account with PlexyTrade is straightforward and takes only a few minutes. Follow these steps:

Register on the official website.
Complete a personal information form.
Verify identity and residential address.
Fund your account and begin trading.

During registration, users select:

Account type and base currency
Trading platform

Customer Support

Score:

4.2 /10

The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

Information

PlexyTrade’s customer support is available around the clock in multiple languages. Users can receive assistance Monday through Friday.

Fast response in website live chat
24/5 multilingual support

Support unavailable on weekends
No assistance via messengers

PlexyTrade’s communication methods:

Website live chat.
Email.
Contact form.
Phone.

Contacts
Registration address	Registered address: Top Floor, Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia / Office address: Dzordza Vasingtona No.38, PD 232, Podgorica, 81000, Montenegro
Regulation	FSRA Licence number: 2023 – 00662
Official site	https://www.plexytrade.com
Contacts	support@plexytrade.com +382 68 04 3222

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FAQs

What does PlexyTrade’s regulation and safety score indicate about its overall security level?

PlexyTrade has a safety score of 3.7/10, which corresponds to a low security level in this review. It is regulated by the Financial Services Regulatory Authority (FSRA) of Saint Lucia, offers negative balance protection and KYC verification, but is classified as Tier-3, has no specified investor compensation fund, and has a track record of less than 8 years.

How do PlexyTrade account types differ in terms of spreads, leverage, and minimum deposits?

PlexyTrade offers Micro, Silver, Gold Raw, and Platinum VIP accounts, each with different spreads, commissions, leverage, and minimum deposits. For example, Micro accounts start from 0.7 pips with no commission and a $50 minimum deposit, while Platinum VIP accounts have floating spreads from 0 pips, a $2 per lot commission, and a $10,000 minimum deposit; swap-free and VIP account options are not listed as available in the general account overview.

What do user reviews and feedback reveal about overall satisfaction with PlexyTrade?

PlexyTrade has a user satisfaction score of 6/10 based on 4 reviews, with 25% 4-star, 50% 3-star, and 25% 2-star ratings, and no 5-star or 1-star reviews. According to user reviews, overall sentiment is mixed rather than strongly positive or negative.

Which markets and tradable assets are available on PlexyTrade, according to user feedback and platform data?

PlexyTrade supports 100 tradable assets, including 41 currency pairs, as well as stocks, commodity futures, cryptocurrencies, and stock indices, but it does not offer ETFs, options, bonds, PAMM investing, or managed accounts. The platform also provides a copy trading feature for those who prefer not to engage in fully independent trading.

How do traders describe PlexyTrade customer support in their feedback and testing results?

The review notes that PlexyTrade’s customer support has weaknesses in responsiveness and depth of assistance, with delays and the need for repeated contact reported in testing. Support is available 24/5 in multiple languages via live chat, email, contact form, and phone, but it is not available on weekends and there is no support via messengers.