Plexytrade Reviews 

I traded with PlexyTrade for several months and initially had no issues—until I requested a WITHDRAWAL.

1h before the 48h to pass (their maximum time of processing withdrawals), they flagged my account for “suspicious trading” and cancelled all my profits. They accused me of “arbitrage” and “market abuse,” yet offered no concrete evidence of any wrong doing, just claiming their LP decided to remove my profits, after 4 months of trading, knowing that a legit LP settles all the trades of their clients in t+3 days, not in 4 months, so they should have known after the first 3 days if my trades were settled or not by the LP, meaning if I would be paid my profits or not. But this with the LP is a total b.....t, as it doesn't exist an external LP, Plexy being the market maker. They hoped I will finally lose all my money.

Also I had been placing trades via the MT5 mobile app, making over 10k of those profits like this, so claims of high-frequency or latency exploitation seem unreasonable and totally false.

Their own Terms & Conditions (Sections 12 and 18) suggest that if they suspected abuse, they should have acted promptly, not wait for my withdrawal request to void months of legitimate profits. Moreover, Section 29 states that terminating an account does not affect trades already made—yet they erased my entire profit history.

I have asked PlexyTrade for specific proof (trade IDs, execution logs, timestamps) but have received no detailed explanation. This timing and lack of transparency raise serious doubts about their fairness and reliability.

If you’re considering PlexyTrade, be cautious—my experience shows they may arbitrarily block withdrawals and void profits without proper justification, even profits placed from a mobile device, which is totally against common sense.

This is my first TrustPilot review - motivated solely by my amazement at how outstanding of a broker Plexytrade has proven to be. I've been with them for over 4 months (since early November 2024) and have had an incredible experience: industry-leading trading conditions on their VIP account (spreads near 0 and only $2/lot commission round trip); fast and seamless deposits AND withdrawals (~24 hours when moving out 5-figure sums, multiple times, including $20k+ most recently); responsive customer support whenever minor issues have arisen; and a highly personalized experience with the consistent assistance and efforts of Kell Gadler. I'm far from the most experienced or skilled forex trader (w/the P&L to prove it), having only started trading forex in Q4 of 2024, but can safely give Plexytrade top marks across every category relevant to the overall trader's experience.

MOST IMPORTANTLY: Plexytrade honors their word - from their claims about trading conditions, to their claims about deposits and withdrawals, to their claims about bonus and general trading terms & conditions... Precisely what I was hoping for as an attorney mindful of the risk involved when trusting an offshore broker... This unfortunately has not been my experience when testing certain other offshore brokers who have opted to use their lack of regulatory oversight to abuse their traders' inferior bargaining position (hello, Hankotrade) by changing their terms without notice (to their advantage, of course) and failing to honor their word. As a US-based trader, I've at times felt stuck with high spread + low leverage CFTC-regulated options, and even my quite positive experiences at Oanda and TastyFx (the best I've found on the US-regulated front) were not on par with my experience trading with Plexytrade.

Plexytrade = Trustworthy + Competitive + Trader-oriented

I recently invested a thousand dollars into plexitrade and attempted to withdraw my funds via the bitcoin method, after several days I noticed that I never got confirmation on my withdrawal, after contacting them I was told I put the wrong address in (Which I checked SEVERAL times before going through with it) and saw to where the money was sent to another address and was withdrew before I even called them. Don’t let these people scam you!!!

My experience with Plexy Trade has been similar to that of other brokers offering 500:1 leverage, but without the excessive commissions. While spreads do increase with volume, I haven't noticed anything out of the ordinary. I've successfully withdrawn $600 and haven't encountered any issues. However, I am concerned that a friend was unable to create an account, and I couldn't even set up a demo account. This raises red flags, suggesting that they may be limiting the number of trading accounts on their servers. I'm also trying to add funds to my demo account and unfortunately I have to email them to do a simple task I should be able to do. I sent an email and after 3 days they still haven't added the funds and pretty much said the same thing twic, "Kindly note that your request is currently being reviewed. We will update you as soon as the changes have been applied." and, "Please be advised that your query is currently being processed. You will be promptly notified with an update once the process is completed."
Customer service obviously doesn't care..

I've had such a great experience with plexyTrade broker so far. Customer service has been amazing to respond and genuinely helpful with any questions i've had. Its clear they really care about making sure their client’s are happy. They have a great Variety of products to trade which i love, and their spreads and fees are some of the lowest i've found. Withdrawal takes 48 hours maximum. Overall i'm feeling good to keep working with them.

They're reliable from what I've experienced. I've been with them for several months I think. I came from Lqdfx. I've had no problems with deposits or withdrawals.

I am extremely satisfied thus far using this company. The spreads they offer are very competitive to other brokers on the market, execution speeds are acceptable, and deposits and withdrawals so far have been processed quickly. Thank you!

The site is still on verification pending then they have asked me for documents for the second time leaving me to think that they maybe stealing my data asking for to many verification documents. And another thing site keeps on logging me out every time.

Plexy Trade provides an exceptional customer service to clients. I used Hugo’s Way a while back, if I knew about plexy trade back then, I would have switched a long time ago. They actually call you from time to time to see if you have any questions or how best they can improve their services. The website is beautifully designed, easy and friendly to navigate through and use. Gold Raw accounts are my favorites, low commissions and no swap fees. 👌

With a limited number of brokers servicing U.S. customers, it is crucial to find a suitable broker. They have consistently provided exceptional service to my account, as well as to my friends and family. My agent has been honest and transparent with me. I express my gratitude to Kell Gadler.

I was with the company, i dont remember the name anymore before plexytrade. Also had the same good experience. Deposits are instant, and withdrawals are quick every single time. Good firm.

Great Platform! No complains so far, I have withdrawn twice, within 24hrs I had the money in my account. Great spread and commission.

Wow. Deposit and withdrawals are instant. Their trading platform are excellent. Glad they serve US clients at the moment. We are out of options here.

I have been with Plexytrade for a few months, and before the merger, LQDFX. They have had wonderful spreads for Forex majors and minors, good execution, and, above all, great customer service. My account manager, Sana Ahmed, has been wonderful to work with. She has always ensured I had what I needed to ensure my trading was successful, whether guiding me through the merger or helping me with setting up a corporate account. She has definitely gone above and beyond what I would have expected. Account deposits and withdrawals have been smooth so far and have been very timely. Overall, it has been a great experience.

Amazing broker,Lowest commission in Raw account in industry with almost zero spread in all major pairs.Faster deposit & withdraw. Highly recommended for big deposit.

Verification process was quick, account manager contacted me soon enough to discuss the future of the account. Quick replies and friendly staff. My withdrawal was requested, approved and paid out within 1 hour and 30 minutes. I am looking forward for a long term investment into this brokerage. Absolutely recommend!

I participated 30 dollar no deposit bonus offer of this broker I made profit of 100 dollar then requested them to transfer profit from bonus account to wallet it took 2 days to transfer balance from ndb account to wallet and then I requested 100 dollar withdrawal I got withdrawal within 1 hour that's great

in my opinion it is a good broker, the spread is small, withdrawals are also easy. You can try this broker

Its been almost 2 weeks since my account verification shows pending I want to be able to trade now!

My username:
216725-Tommy-Figueroa

What a scam broker , they refuse to withdrawal my profit