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Comparison of Plexytrade's all Forex trading account types
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Plexytrade is a popular FX broker known for its loyalty to customers, quality services, and an STP business model ensuring no conflicts of interest.
The broker offers a range of account types to suit various trader needs, including Micro, Gold, ECN, VIP, and Islamic accounts.
All account types offer market execution, with differences in leverage, spreads, minimum deposit requirements, and trading volume capabilities.
Features like no re-quotes, instant execution, and access to a wide range of markets make Plexytrade attractive for diverse trading strategies.
The platform supports educational materials and provides a dedicated account manager for each type of account.
Explore Plexytrade Account Types: Tailored Forex Trading for Every Trader
Discover Plexytrade’s tailored account options for optimal Forex trading experience.
Account Type | Maximum Leverage | Average Spread | Minimum Deposit | Trading Commission |
---|---|---|---|---|
Micro | 1:500 | 1.0 pip | $20 | None |
Gold | 1:300 | 0.7 pips | $500 | None |
ECN | 1:300 | 0.1 pips | $500 | $3.50 per 100,000 traded |
VIP | 1:100 | 0.1 pips | $25,000 | $2.50 per 100,000 traded |
Islamic | 1:300 | 0.7 pips | $20 | None |
Accounts offered by Plexytrade
Founded at the end of 2015 Plexytrade has quickly gained popularity and established itself as a leader in the FX sector, the main objectives of the company are based on loyalty to its customers, exceptional quality of services offered, no re-quotes, instant execution, no intervention dealing desk and the STP business model which guarantees no conflict of interest between the Plexytrade company and its customers.
With numerous assistance offices around the world and a team of exceptional experts, Plexytrade ensures every trader a service that aims to solve any type of problem 24 hours a day, 5 days a week.
Plexytrade has various types of accounts suitable for meeting any need a trader may have and all types of accounts are direct processing (STP) with the exception of the ECN account.
Account Types | Micro | Gold | ECN | VIP | Islamic |
---|---|---|---|---|---|
Maximum Leverage | 1:500 | 1:300 | 1:300 | 1:100 | 1:300 |
Average Spread | 1.0 pip | 0.7 pips | 0.1 pips | 0.1 pips | 0.7 pips |
Minimum Deposit Amount | $20 | $500 | $500 | $25000 | $20 |
Execution Type | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
Trading Model | STP | STP | STP | STP | STP |
Minimum Trading Volume | 0.01 lots | 0.01 lots | 0.01 lots | 0.1 lots | 0.01 lots |
Maximum Trading Volume | 5 lots | 40 lots | 40 lots | None | 40 lots |
Swap Point | Charged | Charged | Charged | Charged | None |
Available Markets | FX, Indices, Commodities, Metals, Cryptos | FX, Indices, Commodities, Metals, Cryptos | FX, Indices, Commodities, Metals, Cryptos | FX, Indices, Commodities, Metals, Cryptos | FX, Indices, Commodities, Metals, Cryptos |
Re-quotes | None | None | None | None | None |
Trading Commission | None | None | 3.50USD/EUR per 100,000 | 2.50USD/EUR per 100,000 | None |
Account Manager | Available | Available | Available | Available | Available |
Account Opening Page | Micro | Gold | ECN | VIP | Islamic |
An account list with such flexibility as to be suitable for any level of trading, type of feasible strategies, level of funding or risk appetite, an account for each trader.
The accounts available for trading offered by Plexytrade are Micro, Gold, ECN, VIP, and Islamic.
Go to Plexytrade’s Official Website
Micro Plexytrade account
The Micro account has been developed primarily for less-experienced traders who wish to try their hand at trading on the FX markets with a relatively low risk of loss while having the ability to invest small amounts.
The Micro account allows traders to start their trading experience with a minimum investment starting from $ 20, making use of MT4, one of the most famous platforms in the world.
Type of execution | Market execution |
---|---|
Trading model | STP |
Account Manager | Available |
Maximum leverage | 1:500 |
Minimum trade size | 0.01 |
Maximum trade size | 5 lots |
Spread | 1 |
Swaps | Yes |
Available instruments | FX, indices, commodities, metals |
Requoting | None |
FX commission | None |
Forex | 71 instruments |
Indexes | 11 |
Matarie Prime | 4 |
Available platform | MT4 |
Educational Material | Available |
Minimum deposit | $ 20 |
Open Plexytrade’s Micro Account
ECN Plexytrade account
Designed for the retail trader who prefers short-term trading with raw spreads as low as 0.1 pips with the charge of small commissions, the ECN account proposed by Plexytrade allows direct access to interbank markets without carrying out any price operations and is the most used among scalpers.
Type of execution | Market execution |
---|---|
Trading model | STP |
Account Manager | Available |
Maximum leverage | 1: 300 |
Minimum trade size | 0.01 |
Maximum trade size | 40 lots |
Spread | 0.1 |
Swaps | Yes |
Available instruments | FX, indices, commodities, metals |
Requoting | None |
FX commission | 3.50 USD / EUR per 100,000 |
Forex | 71 instruments |
Indexes | 11 |
Matarie Prime | 4 |
Available platform | MT4 |
Educational Material | Available |
Minimum deposit | $ 500 |
Plexytrade Gold Account
Suitable for traders wishing to make investments on FX, commodities, metals and indices with higher trading volumes being able to reach a maximum of 40 tradable lots.
The main features of the Plexytrade Gold account include significantly reduced spreads with EURUSD starting from 0.7 without the presence of any additional fees.
Type of execution | Market execution |
---|---|
Trading model | STP |
Account Manager | Available |
Maximum leverage | 1: 300 |
Minimum trade size | 0.01 |
Maximum trade size | 40 lots |
Spread | 0.7 |
Swaps | Yes |
Available instruments | FX, indices, commodities, metals |
Requoting | None |
FX commission | None |
Forex | 71 instruments |
Indexes | 11 |
Matarie Prime | 4 |
Available platform | MT4 |
Educational Material | Available |
Minimum deposit | $ 500 |
Open Plexytrade’s Gold Account
Islamic Account Plexytrade
Created for all potential customers belonging to the Islamic faith, the account has practically identical characteristics to the Gold account described above, starting from the spreads up to the restrictions on the size of the lots.
The only factor that distinguishes it from other accounts is the non-application of swaps on rollover times and furthermore, if required, it will be possible to access the VIP module with a minimum deposit of $ 25,000.
The Plexytrade broker has full respect for the religious beliefs of its traders, not excluding clients of Islamic faith for whom it is specifically forbidden to pay interest/exchanges, but we would like to clarify that the Islamic account offered by Plexytrade is available only and exclusively for customers of this belief and that if applying for an Islamic account, proof of confirmation may be required.
Type of execution | Market execution |
---|---|
Trading model | STP |
Account Manager | Available |
Maximum leverage | 1: 300 |
Minimum trade size | 0.01 |
Maximum trade size | 40 lots |
Spread | 0.7 |
Swaps | No |
Available instruments | FX, indices, commodities, metals |
Requoting | None |
FX commission | None |
Forex | 71 instruments |
Indexes | 11 |
Matarie Prime | 4 |
Available platform | MT4 |
Educational Material | Available |
Minimum deposit | $ 20 |
Open Plexytrade’s Islamic Account
Plexytrade VIP account
The main features of the VIP account offered by Plexytrade are aimed at extremely demanding clients who want superior trading conditions on any product and include individual support, customizable trading tools, and a minimum deposit amount to $ 25,000 with any kind of restriction on maximum lot size.
Type of execution | Market execution |
---|---|
Trading model | STP |
Account Manager | Available |
Maximum leverage | 1: 100 |
Minimum trade size | 0.01 |
Maximum trading size | Unlimited |
Spread | 0.1 |
Swaps | Yes |
Available instruments | FX, indices, commodities, metals |
Requoting | None |
FX commission | 2.50 USD / EUR per 100,000 |
Forex | 71 instruments |
Indexes | 11 |
Matarie Prime | 4 |
Available platform | MT4 |
Educational Material | Available |
Minimum deposit | $ 25,000 |
FAQs
- What types of trading accounts does Plexytrade offer?
- Plexytrade offers Micro, Gold, ECN, VIP, and Islamic accounts, each tailored to different trading needs and strategies.
- What are the benefits of Plexytrade’s ECN account?
- The ECN account offers raw spreads as low as 0.1 pips and is popular among scalpers due to its direct market access and low commission rates.
- Can I trade with a low initial deposit at Plexytrade?
- Yes, the Micro and Islamic accounts at Plexytrade allow you to start trading with a minimum deposit of just $20.
- Does Plexytrade offer accounts that comply with Islamic finance principles?
- Yes, the Islamic account is designed for traders of the Islamic faith, offering no swap fees in line with Sharia law.
- What is the minimum deposit for a VIP account at Plexytrade?
- The VIP account requires a minimum deposit of $25,000, catering to traders looking for premium trading conditions.
- Are there any accounts at Plexytrade that do not charge trading commissions?
- Yes, the Micro, Gold, and Islamic accounts at Plexytrade do not have trading commissions, with costs only coming from the spreads.
- What platforms can I use to trade with Plexytrade?
- All Plexytrade accounts are available on the MT4 platform, widely recognized for its robust trading features.
- Is there educational support available for Plexytrade account holders?
- Yes, Plexytrade provides educational materials across all its account types to support traders at all levels.
- What is the maximum leverage available at Plexytrade?
- The maximum leverage offered is 1:500 on the Micro account, suitable for those looking to maximize their trading exposure.
- How can I open an account with Plexytrade?
- You can open an account by visiting Plexytrade’s official website, selecting your preferred account type, and completing the registration and verification process.
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