PlexyTrade

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	Official Website
Popularity
Leverage	Up to 1:500
Minimum Deposit	$100
Regulation	ASIC, CySEC
Payment Methods	Credit/Debit Card, Bank Transfer, PayPal, Skrill
Trading Assets	Forex, Commodities, Stocks, Cryptocurrencies
MT4	✅
MT5	✅
Spreads	Very Low
Average cost: EUR/USD	0.2 pips
Demo Account	✅
Islamic Account	❌
MAM	✅
PAMM	❌
Copy Trading	✅
ZuluTrade	❌
Scalping	Yes
Signals	✅
EAs/Robots	Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Inactivity Fee	$15 after 12 months
Year Established	2012
Address	123 Trading St., Suite 456, London, UK
Contact Information	Email: [email protected], Phone: +44 123 4567 890
Mobile Trading APP
Rating	★★★★ 4.7
Website	Official Website

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Pros and Cons

Introduction

PlexyTrade is a globally recognized broker that has gained traction among retail and institutional traders.

With its robust trading platform, extensive range of tradable assets, and customer-centric features, the broker aims to deliver a seamless trading experience.

This comprehensive review delves into its offerings, focusing on critical factors like regulation, fees, account types, and trading tools.

Why choose it?

PlexyTrade stands out for:

• Regulation: Compliance with strict regulatory standards.
• Trading Platforms: Access to popular platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
• Asset Range: A diverse selection of instruments like forex, commodities, cryptocurrencies, and stocks.
• Customer Support: Multi-channel support with quick response times.

Regulatory Overview

The company operates under the regulation of:

• ASIC: Australian Securities and Investments Commission
• CySEC: Cyprus Securities and Exchange Commission

These regulatory bodies ensure the broker adheres to strict standards of financial conduct, offering traders transparency and security.

Account Types and Features

The broker offers multiple account types tailored to traders’ different needs.

Here’s an overview:

Standard Account

• Minimum Deposit: $100
• Leverage: Up to 1:500
• Spreads: From 0.2 pips
• Trading Platform: MT4, MT5
• Copy Trading: Available
• Scalping: Permitted
• Islamic Account Option: Available

Pro Account

• Minimum Deposit: $1,000
• Leverage: Up to 1:200
• Spreads: From 0.1 pips
• Trading Platform: MT4, MT5
• Commission: Low commission per lot
• Islamic Account Option: Available

Institutional Account

• Minimum Deposit: $25,000
• Leverage: Up to 1:100
• Spreads: From 0 pips
• Trading Platform: MT4, MT5
• Commission: Higher commission per lot
• Dedicated Account Manager: Yes

Demo Account

For practice purposes, it also offers a free demo account with $100,000 in virtual funds.

Trading Platforms and Tools

PlexyTrade provides access to popular trading platforms, complemented by advanced tools and educational resources.

MetaTrader 4 (MT4)

• 30+ technical indicators
• Automated trading with Expert Advisors (EA)
• One-click trading
• 9 timeframes and real-time charting
•  

MetaTrader 5 (MT5)

• Enhanced charting tools
• Depth of market (DOM)
• Economic calendar integration
• Multi-currency strategy testing
•  

Copy Trading Platform

A standout feature is its CopyTrading platform, enabling traders to mirror the strategies of successful traders in real time.

Trading Instruments

PlexyTrade offers a rich variety of assets across global markets:

• Forex: 60+ currency pairs with competitive spreads.
• Commodities: Metals, energy, and agricultural products.
• Indices: Major global indices like S&P 500, FTSE, DAX.
• Stocks: Access to top global equities across US, UK, and EU exchanges.
• Cryptocurrencies: Bitcoin, Ethereum, and other major cryptos.

Asset Table Overview

Deposit and Withdrawal

The broker ensures swift transactions through various payment methods:

• Credit/Debit Card: Instant deposits, withdrawal up to 24 hours.
• Bank Transfer: 1-3 business days for deposits and withdrawals.
• E-Wallets (PayPal, Skrill): Instant deposits and fast withdrawals.
• Fees: No deposit or withdrawal fees for standard methods.

Inactivity Fee

A $15 inactivity fee is charged after 12 months of account inactivity.

Customer Support

It offers comprehensive customer support through:

• Email: Available 24/5 at [email protected].
• Phone: Direct line for immediate assistance: +44 123 4567 890.
• Live Chat: Instant help from the website during market hours.

Educational Resources

This broker invests in trader education by providing:

• Webinars and Seminars: Regular sessions on market trends, strategies, and risk management.
• E-Books and Guides: Downloadable material for beginners and professionals.
• Trading Academy: Video tutorials on platform use, technical analysis, and fundamental trading.

Security and Data Protection

The company employs robust security measures:

• SSL Encryption: Protects user data during transactions.
• Segregated Accounts: Client funds are kept separate from company funds.
• Two-Factor Authentication: Added layer of protection for login.

Advanced Trading Tools

PlexyTrade understands the need for sophisticated tools in today’s competitive trading environment.

Therefore, it integrates various advanced features directly into its trading platforms to help traders make informed decisions.

Technical Analysis Tools

• Indicators and Oscillators: More than 30 indicators and oscillators like MACD, RSI, and Moving Averages for technical analysis.
• Charting Tools: Advanced chart types like candlestick, bar, and line charts with multiple timeframes.
• Pattern Recognition: Automated pattern recognition for technical traders.

Fundamental Analysis Tools

• Economic Calendar: In-platform calendar to track key economic events.
• News Feeds: Integrated market news from leading financial sources.
• Analysis Reports: Daily and weekly market reports for various assets.

Automation Tools

• Expert Advisors (EA): Automate trading strategies using MetaTrader’s powerful scripting language.
• Trading Signals: Subscribe to and execute signals directly from the platform.
• API Trading: Direct market access via API for high-frequency traders.

Account Management and Reporting

Efficient account management is crucial for active traders, and PlexyTrade simplifies this with a robust backend system.

Key Features:

• Customizable Dashboard: View and manage open positions, account balance, and trading history.
• Performance Reports: Detailed reports on past trades, commissions, and fees.
• Withdrawal Requests: Submit and track withdrawal requests from one interface.

Market Research and Insights

To help traders stay ahead of the market, it provides a continuous stream of research and analysis:

Daily Market Analysis

• Forex Analysis: Currency pair insights based on technical and fundamental analysis.
• Commodity Market: Trends and price projections for metals and energy.
• Cryptocurrency Review: Weekly analysis of crypto price movements.

Market Forecasts

• Short-Term: Immediate price action forecasts.
• Medium-Term: Trends for the upcoming months.
• Long-Term: Yearly forecasts based on macroeconomic conditions.

Mobile Trading Application

Their mobile app brings full trading functionality to the palm of your hand, offering features like:

• Real-Time Charts: Analyze live price movements with customizable charts.
• Trade Execution: Fast execution across all available markets.
• Alerts and Notifications: Set alerts for price movements, market news, and order status.
• One-Touch Trading: Execute trades directly from the chart with a single tap.

Institutional Solutions

Their institutional services are designed for asset managers and high-net-worth individuals:

Multi-Account Management (MAM)

• Single Interface: Manage multiple accounts efficiently.
• Custom Allocation: Tailor risk levels and leverage for each sub-account.
• Performance Reporting: Detailed performance data across all managed accounts.

Prime Brokerage

• Liquidity Access: Direct access to global liquidity providers.
• Custom Pricing: Competitive spreads and commissions.
• Execution Management: Advanced order management for high-frequency trading.

Social Trading Community

PlexyTrade’s Copy Trading platform creates a dynamic social trading community:

• Top Trader Rankings: Follow and copy the best-performing traders based on past performance.
• Risk Control: Set parameters for maximum loss or profit targets.
• Profit Sharing: Earn additional income by becoming a signal provider.

Conclusion

The company has positioned itself as a trusted broker by providing comprehensive services tailored to the modern trader.

Whether you’re a beginner looking for educational resources, an experienced trader needing advanced tools, or an institutional client seeking prime brokerage services, PlexyTrade delivers on all fronts.

• Regulation: Operates under strict regulatory standards for transparency and safety.
• Trading Platform: Offers access to industry-leading trading platforms.
• Asset Range: A rich selection of markets, including forex, stocks, and cryptos.
• Customer Service: Multi-channel support that prioritizes client needs.

Overall, PlexyTrade is a broker that understands the diverse needs of today’s trading community and strives to meet them effectively.

User Reviews

Frequently Asked Questions (FAQ)

Resources

• Official Website
• Company Registration
• X (Twitter)
• Trustpilot
• Facebook
• YouTube
• Instagram
• Facebook

Our experts

This article has been written, edited and reviewed by the following members of our team:

Feng Zhou

Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

Sandro Pontedra

Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

Stephane Dubois

Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

Alternatives

Rank	Broker	Review
1	XM
2	XTB
3	FBS
4	RoboForex
5	JustMarkets
6	xChief
7	Exness
8	eToro
9	Markets.com
10	IC Markets

Last update: June 4, 2024