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Comparison of Plexytrade's account types | Spread, Leverage, Stop out and more
Which account type of Plexytrade is the best for trading Forex? Find out here.
Plexytrade
With a proven track record spanning a decade, Plexytrade is popular among traders for the excellent quality of service provided. Founded by industry professionals, the broker’s main goal is total customer satisfaction. To achieve this goal, the broker invests considerable resources in creating an increasingly efficient and up-to-date trading environment, which includes cutting-edge services and tools, advantageous trading conditions, lightning-fast order execution, and high standards of security and transparency.
As an STP broker, Plexytrade allows traders to trade on the markets without any intermediary and to interact directly with top liquidity providers. By opening a new account with the broker, clients will have the opportunity to trade on:
- Forex: Traders can negotiate on the most popular, minor, and exotic pairs, leveraging up to 1:2000, with minimal spreads and no deposit commissions.
- Indices: Opportunity to invest in international indices without incurring any trading costs. Traders can utilize their skills to gauge market fluctuations and trends across various sectors.
- Stocks: The broker enables clients to invest in CFDs on stocks of major US and European companies with zero commissions.
- Commodities: CFD trading on metals, energy, and agriculture. A good way to diversify your portfolio optimally.
- Cryptocurrencies: High volatility and liquidity, main features of the crypto markets that allow traders to capitalize on rapid price movements for profit.
Open an account with Plexytrade
- Security and Protection.
- High standards of security to protect clients include: segregated accounts (separate from company accounts to which they cannot be accessed), negative balance protection (preventing traders from losing more than they have deposited), secure payment processing, and Tier-1 liquidity.
- STP Execution.
- Maximum security and speed in order execution. Traders can interact with the markets without any intermediaries and without re-quotes.
- Wide Range of Instruments.
- Over 100 instruments to trade including: CFDs on forex, indices, stocks, commodities, and cryptocurrencies.
- Zero Commissions.
- Low-cost trading with commissions starting from zero (condition varies depending on the selected account).
- Suitable for Everyone
- Flexibility, transparency, and numerous advantages, characteristics of the environment offered by the broker that allows traders of any level to negotiate at their best with excellent trading conditions, rapid execution, cutting-edge platforms (MT4 and MT5), automated trading (EA), and much more.
- Interesting Promotional Offers
- A wide range of promotional initiatives periodically offered to enhance the work of clients. Low-latency free VPS, PAMM – MAM accounts, and the popular 120% deposit bonus.
- Flexible and Secure Deposits.
- Every client can select the most suitable payment method for their needs to deposit the necessary funds for investments. No commission and maximum transparency on any transaction.
- Wide Range of Accounts.
- List of available accounts structured to meet the needs and requests of any type of trader. Furthermore, if a trader is interested in testing the offered environment, they can download a demo version of the selected account and start investing at zero risk.
Plexytrade Accounts
As mentioned, the accounts offered by the broker were created with the sole purpose of satisfying the needs of any trader. Professionals, beginners, day traders, and clients with high investment volumes will have the option to choose the most suitable account to invest at their best. Each account presents specific features; each offers a trader an environment carefully created to satisfy a particular category of trader.
The available accounts are:
- Micro Account.
- Silver Account.
- Raw Gold.
- Platinum VIP Account.
Micro Account
Account created mainly for beginner traders wishing to start trading in a safe and affordable environment. The Micro Account offers limited-risk, low-cost trading that allows traders with little experience to engage in trading without worrying about significant losses. No commission on forex, a minimum deposit starting from $50, and trading on micro-lots are features that offer the possibility of creating strategies with contained volumes and high earning potential. Although created for beginners, the Micro Account is also an excellent option for professionals, intended to want to test the offered environment before engaging in higher volume negotiations.
Features | Micro Account |
---|---|
Trading Platforms | MT4, MT5, and mobile app |
Execution | Market |
Spread | Variable from 0.7 points |
FX Commission (per lot) | Zero |
Minimum Deposit | $50 |
Maximum Leverage | 1:2000 |
Micro Lot Trading | Yes |
Maximum Lot Size per Order | 5 |
Available Markets | Over 100 products in FX, Indices, Cryptocurrencies, Commodities, and Stocks |
EA / Scalping / Hedging / News Trading Allowed | Yes |
Stop Out Level | 20% |
Minimum Stop Distance | Zero |
7 Days Swap Free | Not available |
Free Deposits | Yes |
VPS | Available |
Negative Balance Protection | Yes |
Personal Account Manager | Not available |
Base Currency | USD / EUR |
Open a Micro Account with Plexytrade
Silver Account
The Silver Account features characteristics compatible with most traders, offering “standardized” trading suitable for both beginners and experienced clients. An approach to markets with higher volumes and moderate risk tolerance that will allow for effective trading across global markets, with zero commissions on forex, a minimum deposit of $300, and a maximum leverage of 1:500.
Features | Silver Account |
---|---|
Trading Platforms | MT4, MT5, and mobile app |
Execution | Market |
Spread | Variable from 0.7 points |
FX Commission (per lot) | Zero |
Minimum Deposit | $300 |
Maximum Leverage | 1:500 |
Micro Lot Trading | Yes | Maximum Lot Size per Order | 50 |
Available Markets | Over 100 products in FX, Indices, Cryptocurrencies, Commodities, and Stocks |
EA / Scalping / Hedging / News Trading Allowed | Yes |
Stop Out Level | 20% |
Minimum Stop Distance | Zero |
7 Days Swap Free | Available |
Free Deposits | Yes |
VPS | Available |
Negative Balance Protection | Yes |
Personal Account Manager | Not available |
Base Currency | USD / EUR |
Open a Silver Account with Plexytrade
Raw Gold Account
Suitable for scalping, the Raw Gold Account is the right option for professional traders who require certain tools and conditions to trade at their best. The account offers an environment with raw spreads minimized (starting from 0.0), a minimum deposit of $300, and a small commission for trading.
Features | Raw Gold Account |
---|---|
Trading Platforms | MT4, MT5, and mobile app |
Execution | Market |
Spread | Variable from 0.0 points |
FX Commission (per lot) | $2 ($4 round trip) |
Minimum Deposit | $300 |
Maximum Leverage | 1:500 |
Micro Lot Trading | Yes |
Maximum Lot Size per Order | 50 |
Available Markets | Over 100 products in FX, Indices, Cryptocurrencies, Commodities, and Stocks |
EA / Scalping / Hedging / News Trading Allowed | Yes |
Stop Out Level | 20% |
Minimum Stop Distance | Zero |
7 Days Swap Free | Available |
Free Deposits | Yes |
VPS | Available |
Negative Balance Protection | Yes |
Personal Account Manager | Not available |
Base Currency | USD / EUR |
Open a Raw Gold Account with Plexytrade
Platinum VIP Account
Created for professional traders with high investment volumes needing specific conditions and tools to trade at their best, the Platinum VIP Account offers a high-performance environment for optimal investment management and risk factor. Personal manager and annual free VPS.
Features | Platinum VIP Account |
---|---|
Trading Platforms | MT4, MT5, and mobile app |
Execution | Market |
Spread | Variable from 0.0 points |
FX Commission (per lot) | $1 ($2 round trip) |
Minimum Deposit | $10,000 |
Maximum Leverage | 1:400 |
Micro Lot Trading | Yes |
Maximum Lot Size per Order | 80 |
Available Markets | Over 100 products in FX, Indices, Cryptocurrencies, Commodities, and Stocks |
EA / Scalping / Hedging / News Trading Allowed | Yes |
Stop Out Level | 20% |
Minimum Stop Distance | Zero |
7 Days Swap Free | Available |
Free Deposits | Yes |
VPS | Available |
Negative Balance Protection | Yes |
Personal Account Manager | Available |
Base Currency | USD / EUR |
Open a Platinum VIP Account with Plexytrade
Account Comparison
The following comparative table will allow you to understand in detail the main differences of the accounts offered. Furthermore, as previously mentioned, if a trader is interested in wanting to test the offered environment without risking funds, before starting to invest in real markets, they can opt for opening a demo version of the selected account and start investing with virtual funds at zero cost and without risk.
After testing the quality of the service offered, the trader will have the opportunity to open a real account through a simple and fast process, by entering the required information and performing a verification of their identity.
Features | Micro Account | Silver Account | Raw Gold Account | Platinum VIP Account |
---|---|---|---|---|
Trading Platforms | MT4, MT5, and mobile app | MT4, MT5, and mobile app | MT4, MT5, and mobile app | MT4, MT5, and mobile app |
Execution | Market | Market | Market | Market |
Spread | Variable from 0.7 points | Variable from 0.7 points | Variable from 0.0 points | Variable from 0.0 points |
FX Commission (per lot) | Zero | Zero | $2 ($4 round trip) | $1 ($2 round trip) |
Minimum Deposit | $50 | $300 | $300 | $10,000 |
Maximum Leverage | 1:2000 | 1:500 | 1:500 | 1:400 |
Micro Lot Trading | Yes | Yes | Yes | Yes |
Maximum Lot Size | 5 | 50 | 50 | 80 |
Available Markets | Over 100 products in FX, Indices, Cryptocurrencies, Commodities, and Stocks | Over 100 products in FX, Indices, Cryptocurrencies, Commodities, and Stocks | Over 100 products in FX, Indices, Cryptocurrencies, Commodities, and Stocks | Over 100 products in FX, Indices, Cryptocurrencies, Commodities, and Stocks |
EA / Scalping / Hedging / News Trading Allowed | Yes | Yes | Yes | Yes |
Stop Out Level | 20% | 20% | 20% | 20% |
Minimum Stop Distance | Zero | Zero | Zero | Zero |
7 Days Swap Free | Not available | Available | Available | Available |
Free Deposits | Yes | Yes | Yes | Yes |
VPS | Available | Available | Available | Available |
Negative Balance Protection | Yes | Yes | Yes | Yes |
Personal Account Manager | Not available | Not available | Not available | Available |
Base Currency | USD / EUR | USD / EUR | USD / EUR | USD / EUR |
Open a Real Account with Plexytrade
How to Open a Plexytrade Account
Opening a real account to start investing with the broker is a simple and fast operation. In just a few minutes, potential clients will have the opportunity to register by entering the requested information, choose the most suitable account for their needs (setting parameters to customize the trading experience), verify the provided data, and make an initial deposit to start trading on global markets.
To open a new account with Plexytrade, simply follow these very simple steps:
- First Step.
- To start, the trader must access the official broker website and select the “Register” icon visible at the top right of the page. In the new screen, click on “real account” and fill in the first form entering: name, surname, country of residence, phone number, complete address, and a secure password for the account. Click on “continue”.
- Second Step.
- In this step, the trader will enter further personal information by completing various forms:
- Personal information: gender, date of birth, address, city, province, and postal code. Click on “continue”.
- Trading account information: portfolio currency, desired platform (MT4 – MT5), account currency, type of account, maximum leverage to use. Read carefully and accept terms and conditions of use. Click on “Send”.
- The broker will send a verification email to the address provided during registration. Open the email, read the code, and enter it in the appropriate spaces. Click on “continue”
- Last Step.
- The account is opened. To definitively activate the account and begin trading, the trader will undergo a verification process to prove their identity and country of origin. To do this, they will need to send a clear front and back photo of an identification document (ID card, passport, or driver’s license) and a recent utility bill (gas, electricity, internet, etc) containing the complete address provided during registration. If suitable, the trader can make an initial deposit and start investing.
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