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plexytrade

Newest

ANSWER Dear Investor, We recommend against trading with Plexytrade due to its lack of legitimate regulatory credentials. Plexytrade claims to be registered in Saint Lucia and to have a physical address in Montenegro. First, while we confirm that a matching company, Plexy Trade Ltd, exists in the registry of the Saint Lucia International Financial Centre (IFC), this registration merely grants it International Business Company (IBC) status. This does not constitute a valid financial license, as the IFC neither regulates nor licenses forex trading activities. Second, we have searched the registry of the Capital Market Authority of Montenegro (SCMN) and found no information associated with the company. In summary, Plexytrade is effectively unregulated. We strongly advise avoiding any transactions with this broker.

Scam broker check: Plexytrade!

Manh Plegas

Belize

Aug 19, 2024

ANSWER Dear Investor,Plexytrade appears to be a scam.Offshore jurisdiction: the broker claims to be registered in St. Lucia, where forex trading activities are not licensed.Non-regulated: the alleged physical address is in Montenegro. However, our search for the company in the register of the Capital Market Authority of Montenegro (SCMN) hasn't yielded any matching results. This means Plexytrade is not regulated there.Therefore, Plexytrade is not regulated at all. Trading with the unregulated broker, investors run risk of losing their funds without viable to to ensure refunds. It is strongly advised to steer clear of Plexytrade and instead opt for fully regulated brokers.

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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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