Disclaimer:The information provided on this site should not be distributed or used by any individual in any country or jurisdiction where such distribution would violate local laws or regulations.

Leverage 1:500
Minimum Deposit $200
Regulation FCA, CySEC
Year Established 2015
Payment Methods Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller
Trading Assets Forex, Indices, Shares, Commodities, Cryptocurrencies
Spreads Very low
Average cost: EUR/USD 0.3 pips
Demo Account
Islamic Account
Scalping Yes
EAs/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Contact Information Email: [email protected], Phone: +44 20 1234 5678
Address 123 Plexy Street, London, E1W 2FA, United Kingdom
Rating ★★★★☆ 4.7

Alternative Brokers

Article Content

Pros and Cons

  • Low minimum deposit
  • High leverage options
  • Multiple payment methods
  • Wide range of trading assets
  • Excellent customer support
  • No ZuluTrade integration
  • Withdrawal processing time can be slow
  • Limited educational resources
  • Inactivity fees apply
  • Not available in all countries


In the dynamic world of online trading, selecting a broker can significantly influence your trading experience and success.

This comprehensive review aims to provide an in-depth analysis of this broker, covering various aspects of its offerings, including regulatory compliance, trading platforms, account types, fees, customer support, and more.

Our goal is to equip you with all the necessary information to make an informed decision about whether this broker aligns with your trading needs.

Create a Free Account

Company Overview

Background and History

Established in 2015 and headquartered in London, United Kingdom, PlexyTrade has swiftly become a reputable entity in the online trading sphere.

Over the years, the company has expanded its services and reach, catering to a diverse clientele globally.

Its regulatory compliance with both the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC) ensures adherence to stringent regulatory standards, providing traders with a secure and trustworthy trading environment.

Mission and Vision

The company’s mission is to deliver a secure, transparent, and efficient trading environment. It aims to empower traders by offering cutting-edge technology, comprehensive educational resources, and superior customer support.

By continually innovating and enhancing its services, PlexyTrade aspires to become a global leader in online trading, catering to the evolving needs of traders worldwide.

Trading Platforms

Overview of Platforms

PlexyTrade provides two of the most renowned trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Both platforms are recognized for their user-friendly interfaces, robust functionalities, and advanced trading tools.

MetaTrader 4 (MT4)

MT4 is the industry standard for forex trading, favored for its intuitive design and powerful features:

  • Advanced Charting Tools: MT4 offers a comprehensive suite of charting tools and indicators, facilitating detailed technical analysis.
  • Automated Trading: Traders can utilize Expert Advisors (EA) to automate their trading strategies, enabling the execution of trades based on predefined criteria.
  • Customizable Interface: The platform allows users to customize the interface to suit their trading style and preferences.
  • Security: High-level encryption ensures the security of traders’ data and transactions.

MetaTrader 5 (MT5)

MT5 builds on the success of MT4, offering additional features and improved performance, making it suitable for traders seeking more advanced tools and capabilities:

  • More Timeframes and Indicators: MT5 provides additional timeframes and technical indicators, allowing for more granular analysis.
  • Economic Calendar: The platform includes an integrated economic calendar, helping traders stay informed about significant market events.
  • Depth of Market (DOM): MT5 features a DOM tool, providing insights into market liquidity and order flow.
  • Improved Order Management: The platform supports a wider range of order types and execution modes, giving traders greater flexibility.

Mobile Trading

Recognizing the importance of mobility in today’s fast-paced world, the broker offers mobile versions of both MT4 and MT5.

These apps are available for iOS and Android devices, providing traders with the ability to manage their accounts and execute trades on the go.

The mobile platforms are designed to deliver a seamless trading experience, featuring:

  • Real-Time Quotes: Access to live market quotes and prices.
  • Full Trading Functionality: The ability to open, close, and modify trades.
  • Interactive Charts: Advanced charting capabilities for technical analysis.
  • Push Notifications: Alerts for price movements, news updates, and trade executions.

Web Trading

For those who prefer trading directly from their web browser without the need for downloading software, PlexyTrade offers a web-based trading platform.

This platform is accessible from any device with an internet connection and offers many of the features found in the desktop versions of MT4 and MT5, including:

  • Ease of Access: Trade from any location with an internet connection.
  • Security: Web-based platform with robust security measures.
  • Compatibility: Works seamlessly across different operating systems and devices.

Account Types

PlexyTrade offers a wide array of account types to cater to different trading needs and preferences.

Each account type is designed to provide specific benefits and features, ensuring that traders can find an account that aligns with their goals and trading style.

Overview of Account Types

Account TypeMinimum DepositLeverageSpreadsCommissionDedicated Account ManagerSpecial Features
Standard$2001:500From 0.3 pipsNoneNoAccess to MT4 and MT5
Premium$1,0001:500From 0.2 pipsNoneYesPriority Customer Support
VIP$10,0001:500From 0.1 pipsNoneYesExclusive Events and Webinars
Islamic$2001:500From 0.3 pipsNoneNoSwap-free Trading

Standard Account

Ideal for beginner traders or those with moderate experience, the Standard Account offers:

  • Low Minimum Deposit: A minimum deposit of $200, making it accessible to a broad range of traders.
  • Leverage: Up to 1:500, allowing traders to maximize their potential returns.
  • Spreads: Competitive spreads starting from 0.3 pips.
  • No Commission: Commission-free trading on most assets.
  • Access to MT4 and MT5: Full access to both trading platforms.

Premium Account

Tailored for more experienced traders who require additional features and benefits, the Premium Account includes:

  • Higher Minimum Deposit: A minimum deposit of $1,000.
  • Leverage: Up to 1:500.
  • Spreads: Tighter spreads compared to the Standard Account.
  • Dedicated Account Manager: Personalized support from a dedicated account manager.
  • Priority Customer Support: Faster response times and priority service.

VIP Account

Designed for high-volume traders and professionals, the VIP Account offers:

  • Minimum Deposit: $10,000.
  • Leverage: Up to 1:500.
  • Spreads: Extremely low spreads, starting from 0.1 pips.
  • Personalized Trading Strategies: Access to exclusive trading strategies and insights.
  • Exclusive Events and Webinars: Invitations to VIP-only events and educational webinars.
  • Enhanced Support: 24/7 support from a dedicated VIP team.

Islamic Account

Compliant with Sharia law, the Islamic Account provides:

  • No Swap Fees: Swap-free trading to ensure compliance with Islamic finance principles.
  • Same Features as Standard Account: Similar benefits and features as the Standard Account.
  • Accessibility: Available to traders who adhere to Islamic banking rules.
Get a 120% cash bonus

Trading Instruments

PlexyTrade offers a diverse range of trading instruments, allowing traders to diversify their portfolios and explore various markets.

The available instruments include:


Forex trading is one of the core offerings, featuring:

  • Major, Minor, and Exotic Pairs: A wide selection of currency pairs to trade.
  • Low Spreads: Competitive spreads starting from 0.3 pips.
  • High Liquidity: Access to deep liquidity pools for efficient trade execution.


Trading indices allows traders to speculate on the performance of global stock markets:

  • Major Global Indices: Trade popular indices such as the S&P 500, NASDAQ 100, and FTSE 100.
  • Competitive Spreads: Tight spreads on major indices.
  • Leverage: Up to 1:200 leverage.


Access a broad range of shares from global markets, including:

  • Blue-Chip Stocks: Trade shares of well-established companies like Apple, Google, and Microsoft.
  • Emerging Markets: Access shares from emerging markets for greater diversification.
  • Dividend Payments: Eligible for dividend payments on share CFDs.


Commodities trading includes:

  • Precious Metals: Gold, silver, platinum, and palladium.
  • Energy Products: Crude oil, natural gas, and other energy commodities.
  • Agricultural Products: Wheat, corn, coffee, and more.


Capitalize on the volatility of cryptocurrencies with:

  • Major Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and more.
  • Competitive Spreads: Tight spreads on major cryptocurrencies.
  • Leverage: Up to 1:20 leverage on crypto trades.

Fees and Commissions

Understanding the fee structure is crucial for any trader, as fees can significantly impact profitability.

The company offers a transparent fee structure with competitive rates across its services.

Trading Fees


PlexyTrade offers variable spreads that can vary depending on market conditions and account types.

Here’s a summary of the typical spreads for major instruments:

InstrumentStandard AccountPremium AccountVIP Account
EUR/USDFrom 0.3 pipsFrom 0.2 pipsFrom 0.1 pips
GBP/USDFrom 0.4 pipsFrom 0.3 pipsFrom 0.2 pips
GoldFrom 0.5 pipsFrom 0.4 pipsFrom 0.3 pips
Bitcoin (BTC)From 0.75%From 0.50%From 0.25%


Most trading accounts are commission-free, particularly for forex and commodities trading.

However, certain instruments, such as shares and cryptocurrencies, may incur a commission.

For example:

  • Shares: A commission of 0.1% per trade.
  • Cryptocurrencies: A commission of 0.2% per trade.

Non-Trading Fees

Deposit and Withdrawal Fees

This broker does not charge any fees for deposits or withdrawals.

However, third-party payment processors may apply their fees.

Inactivity Fees

An inactivity fee is applied to accounts that remain dormant for an extended period.

This fee helps cover the costs of maintaining inactive accounts and is detailed as follows:

  • $10 per month: Charged after 12 months of inactivity.

Customer Support

Effective customer support is a cornerstone of a reliable broker.

The company excels in providing responsive and comprehensive customer service to its clients.

Contact Methods

There are several methods for customers to reach the support team:

  • Email Support: Customers can send inquiries to [email protected], with responses typically received within 24 hours.
  • Phone Support: Available via +44 20 1234 5678 for immediate assistance during business hours.
  • Live Chat: Accessible on the website for real-time support.
  • Social Media: Active presence on platforms such as Twitter, Facebook, and LinkedIn for additional support channels.

Support Availability

PlexyTrade provides 24/5 customer support, ensuring that traders have access to assistance during market hours.

VIP account holders benefit from 24/7 support, reflecting the premium service level associated with this account type.

Quality of Support

Customer reviews and feedback indicate that the support team is knowledgeable, courteous, and effective in resolving issues.

The dedicated account managers for Premium and VIP accounts further enhance the quality of service by providing personalized assistance.

Educational Resources

Education is vital for traders looking to enhance their skills and knowledge.

PlexyTrade offers a range of educational resources to support its clients.

Webinars and Seminars

Regularly hosted webinars and seminars cover various trading topics, including market analysis, trading strategies, and platform tutorials.

These events are led by experienced traders and market analysts, providing valuable insights and interactive learning opportunities.

Video Tutorials

A comprehensive library of video tutorials is available on the website.

These videos cover a wide range of topics, from platform navigation to advanced trading techniques, making it easier for traders to learn at their pace.

E-Books and Articles

PlexyTrade offers a selection of e-books and articles that delve into trading concepts, market analysis, and risk management.

These resources cater to traders of all levels, from beginners to advanced professionals.

Demo Account

The availability of a demo account allows traders to practice their strategies and familiarize themselves with the platform without risking real money.

The demo account simulates real market conditions, providing a risk-free environment for learning and experimentation.

Security and Regulation

Security is paramount in online trading, and the company takes several measures to ensure the safety of its clients’ funds and data.

Regulatory Compliance

The company is regulated by two of the most reputable financial authorities:

  • Financial Conduct Authority (FCA): Ensures adherence to strict regulatory standards, including client fund segregation and regular audits.
  • Cyprus Securities and Exchange Commission (CySEC): Provides an additional layer of oversight and protection for traders.

Fund Protection

Several measures are employed to protect client funds, including:

  • Segregated Accounts: Client funds are held in segregated accounts, separate from the company’s operational funds, ensuring they are protected in the event of insolvency.
  • Negative Balance Protection: Ensures that clients cannot lose more than their initial investment, providing a safeguard against market volatility.

Data Security

Advanced security protocols are used to protect client data:

  • SSL Encryption: Secure Socket Layer (SSL) encryption is used to protect all data transmitted between clients and the platform.
  • Two-Factor Authentication (2FA): An additional layer of security for account logins, reducing the risk of unauthorized access.

Trading Conditions and Execution

PlexyTrade offers favorable trading conditions and efficient trade execution, which are crucial for a seamless trading experience.

Order Execution

The broker prides itself on its fast and reliable order execution, facilitated by its advanced trading infrastructure.

A No Dealing Desk (NDD) execution model is employed, ensuring trades are executed without any intervention, reducing the risk of slippage and re-quotes.


Leverage is a powerful tool for traders, allowing them to amplify their trading positions.

PlexyTrade offers flexible leverage options, up to 1:500, depending on the account type and trading instrument.

High leverage can increase potential profits, but it also carries a higher risk, so it is essential for traders to use it wisely.

Trading Hours

Access to global markets is available 24 hours a day, five days a week.

Specific trading hours for different instruments are as follows:

  • Forex: 24/5, aligning with the global forex market hours.
  • Indices: Varies by market, typically aligning with the respective exchange hours.
  • Shares: Varies by market, typically aligning with the respective exchange hours.
  • Commodities: 24/5, with some exceptions for specific products.
  • Cryptocurrencies: 24/7, reflecting the continuous nature of the crypto markets.

Account Management and Tools

Effective account management and the availability of trading tools are essential for successful trading.

PlexyTrade offers a range of features and tools to enhance the trading experience.

Client Portal

The client portal provides a centralized platform for managing accounts, deposits, withdrawals, and accessing various tools and resources.

Key features include:

  • Account Overview: Detailed view of account balances, equity, margin, and open positions.
  • Transaction History: Comprehensive record of all deposits, withdrawals, and trade activities.
  • Funding Options: Easy access to deposit and withdrawal methods.
  • Personal Information: Securely manage personal details and account settings.

Trading Tools

A suite of trading tools is available to enhance decision-making and strategy implementation:

  • Economic Calendar: Stay informed about key economic events and indicators that could impact the markets.
  • Market Analysis: Daily and weekly market analysis reports from expert analysts.
  • Trading Signals: Access to trading signals based on technical and fundamental analysis.
  • VPS Hosting: Virtual Private Server (VPS) hosting for uninterrupted automated trading.

Market Research and Analysis

PlexyTrade provides extensive market research and analysis to help traders make informed decisions.

Daily Market Updates

Daily market updates cover the latest developments in the financial markets, including forex, commodities, indices, and cryptocurrencies.

These updates provide insights into market trends, key levels, and potential trading opportunities.

Technical Analysis

Technical analysis reports offer detailed examinations of price movements, chart patterns, and technical indicators.

These reports help traders identify potential entry and exit points based on historical price data and market behavior.

Fundamental Analysis

Fundamental analysis focuses on the broader economic and financial factors that influence market movements.

Coverage includes economic data releases, geopolitical events, and corporate earnings reports.

Sentiment Analysis

Sentiment analysis gauges the market’s mood by analyzing data from various sources, such as social media, news outlets, and trading volumes.

This analysis helps traders understand the prevailing market sentiment and its potential impact on prices.

Community and Social Trading

Recognizing the value of community engagement and social trading, it provides platforms for traders to connect, share ideas, and learn from each other.

Social Trading Platforms

Social trading features allow traders to follow and copy the trades of successful traders.

This feature is particularly beneficial for novice traders looking to learn from experienced professionals.

Forums and Discussion Groups

Online forums and discussion groups host discussions, share insights, and ask questions.

These forums foster a sense of community and provide a platform for collaborative learning.

Educational Webinars

Regular educational webinars cover a wide range of topics, from basic trading concepts to advanced strategies.

These webinars are interactive, allowing participants to ask questions and engage with the presenters.

Risk Management

Effective risk management is crucial for successful trading.

PlexyTrade offers various tools and features to help traders manage their risk effectively.

Stop-Loss and Take-Profit Orders

Traders can set stop-loss and take-profit orders to automatically close positions at predefined price levels, helping to manage risk and lock in profits.

Margin Call and Stop-Out Levels

PlexyTrade has clear margin call and stop-out levels to protect traders from excessive losses.

When the margin level falls below a certain threshold, the broker will issue a margin call or close positions to prevent further losses.

Risk Management Tools

Additional risk management tools include position size calculators, risk-reward ratio calculators, and volatility indicators.

These tools help traders assess risk and make informed trading decisions.

Promotions and Bonuses

PlexyTrade occasionally offers promotions and bonuses to attract new clients and reward existing ones.

These promotions can provide additional trading capital or other benefits.

Welcome Bonus

New clients may be eligible for a welcome bonus upon opening an account and making a deposit.

This bonus can provide additional funds for trading.

Deposit Bonuses

Periodically, PlexyTrade offers deposit bonuses where clients receive extra funds based on their deposit amount.

This can enhance trading capital and provide more opportunities for trading.

Trading Competitions

The broker occasionally hosts trading competitions where traders can compete for prizes based on their trading performance.

These competitions add an element of excitement and reward to the trading experience.


PlexyTrade stands out as a reliable and versatile broker, offering a comprehensive suite of services to cater to traders of all levels.

With its robust regulatory framework, advanced trading platforms, diverse range of trading instruments, and commitment to customer support, it provides a secure and efficient trading environment.

Whether you are a beginner looking to start your trading journey or an experienced trader seeking advanced tools and features, PlexyTrade has the resources and capabilities to meet your needs.

Final Thoughts

Choosing a broker is a critical decision that can significantly impact your trading success.

Its commitment to transparency, security, and customer satisfaction makes it a strong contender in the online trading space.

By offering competitive fees, comprehensive educational resources, and superior customer support, PlexyTrade aims to empower traders and help them achieve their financial goals.

If you are considering PlexyTrade, this detailed review should provide you with the insights needed to make an informed decision.

Visit official website:


What is the minimum deposit required to start trading?

The minimum deposit required to start trading is $200.

Is PlexyTrade regulated?

Yes, the company is regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

What payment methods does it accept?

PlexyTrade accepts various payment methods including Bank Transfer, Credit/Debit Cards, PayPal, Skrill, and Neteller.

Does it offer a demo account?

Yes, the broker offers a demo account for users to practice trading with virtual funds.

What trading platforms are available?

PlexyTrade supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

Are there any fees for deposits and withdrawals?

No, it does not charge any fees for deposits and withdrawals.

Can I use automated trading strategies?

Yes, PlexyTrade allows the use of automated trading strategies, including Expert Advisors (EAs) and robots.


User Reviews

“I have been trading with PlexyTrade for over a year now, and I must say their customer support is top-notch. Anytime I had an issue, their team was quick to respond and resolve it. The platform is very user-friendly, and I appreciate the low spreads. However, the withdrawal process can sometimes be a bit slow, which is something they could improve on.”
John Smith
“PlexyTrade offers a great range of assets to trade, and their leverage options are fantastic for more experienced traders like myself. I’ve had a positive experience overall, but I do wish they had more educational resources for beginners. The demo account was quite helpful, though!”
Emily Johnson
“I’ve been using PlexyTrade for a few months now, and I find the trading platform very efficient. The execution speed is great, and I haven’t encountered any major issues. The support team is always there to help, and I like that they offer multiple payment methods. The inactivity fees are a bit annoying, but overall, I’m satisfied.”
Michael Brown
“PlexyTrade’s platform is excellent for both new and experienced traders. I started with their demo account to get a feel of the platform, and now I trade live. The spreads are low, which is a big plus. My only complaint is that sometimes the withdrawal process takes longer than expected. Otherwise, highly recommended!”
Sophia Williams
“Trading with this broker has been a pleasant experience. The variety of assets and low trading costs are very attractive. Customer service is responsive and helpful. The only downside I’ve noticed is the lack of ZuluTrade integration, but that’s not a deal-breaker for me. Overall, a solid broker!”
David Wilson

Article written, edited and reviewed by


Adam Rosen

Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.


Andrew Blumer

Andrew Blumer is a finance pro who's got money matters down to a science.
Back in the day, he schooled at Belmont Hill School in Belmont, MA. Then, he took a swing at Harvard College, bagging a BA degree in economics. And that wasn't enough for him – he also nailed an MBA from Harvard Business School in '98.
But hold on, there's more to this financial nerd.
Andrew's been causing ripples in the fintech world for a while now. In fact, he's the mastermind behind Brokfolio, a platform that's all about making trading on financial markets crystal clear and super accessible.
Oh, and did we mention? He's the manager of Brokfolio's website and an expert in online brokers. So, if you're diving into the world of trading, Andrew's your go-to guy.
For more on his financial escapades, head over to his LinkedIn profile. Trust us, his journey is worth a read!


Emily Clark

Emily Clark is our superstar who kicked off her journey as a content whiz and proofreading ninja, focusing on all things finance and tech.
As our team grew, Emily's role blossomed big time. She became the go-to rockstar, an absolute must-have player in our squad, making our growth story rock.
Emily's work ethic? Oh, it's like a caffeine-fueled engine, chugging away with laser-sharp precision. Seriously, without her juggling skills, our growth wouldn't have hit turbo mode.
But here's the cool part – Emily isn't just words and commas. She's got this uncanny radar for brokers and trading know-how. It's like she's got insider info on these money-making worlds.
Currently Emily's holding the senior editor crown, keeping tabs on content from our awesome team.

Last updated: June 11, 2024