Summary of Reddit Comments on "Plexytrade"

Overview of Plexytrade

• Plexytrade is a platform that provides a new server on MT4 with higher leverages up to 1:500. They do not accept new US clients.
• Some users found the transition to Plexytrade smooth, with balances still intact and credentials remaining the same.
• Users have reported receiving emails from Plexytrade in spam folders, advising to wait a few hours post-market opening for the transition.
• There are concerns about the legitimacy of Plexytrade, with comments mentioning sketchy websites and issues with login sites.
• Withdrawal experiences vary, with some users facing problems such as disabled transfers out and unresponsive support.
• A user shared a negative experience of losing funds and being unable to resolve the issue with Plexytrade support, labeling it as a scam.
• However, some users have not encountered any withdrawal issues and have had positive experiences with deposits and support.

Pros and Cons of Plexytrade

Pros:

• Transitioning accounts to Plexytrade MT4 platform reportedly went smoothly for some users.
• No complaints about deposits and account merging.
• Prompt and knowledgeable customer service teams.
• High leverages up to 1:500 offered.

Cons:

• Issues with the website not appearing in search results and login sites being down.
• Some users experienced problems with withdrawals, including disabled transfer options.
• Complaints about lost funds without resolution and concerns about scam activities.
• Mixed feedback on withdrawal processes and overall trustworthiness.

Other Mentioned Platforms

• Fyntura: No detailed information provided in comments.
• ICMarkets: No detailed information provided in comments.
• Coinexx: Users mentioned using Coinexx with leverage of 500:1 without specifying any particular issues.
• Swaymarkets: A user recommended Swaymarkets as a Licensed & Regulated broker with leverages up to 1:500, offering trading in metals, indices, and currency pairs.

Other Comments

• A user offered details about a CFD broker in Australia, highlighting services like FX, Cryptos, Gold, and more with leverage up to 500:1 and dedicated customer support.

This summary provides insights into the experiences, concerns, and feedback shared by Reddit users regarding Plexytrade and some related platforms.