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Plexytrade

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Operating status: SCAM

Website: https://www.plexytrade.com/

Broker violations and abnormal records
  • 2024-08-15 BrokersView has Reviewed that Plexytrade is an Unregulated Broker

    According to its website, it claims to be registered in Saint Lucia. Although we found relevant information in Saint Lucia, it is worth noting that Saint Lucia does not have the right to regulate foreign exchange, it only represents the company registration. However, it does not display other regulatory information on the website for inquiry, which is obviously unreliable.

    The truth is that Plexytrade is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.

    Plexytrade is a scam.

    According to its website, it claims to be registered in Saint Lucia. Although we found relevant information in Saint Lucia, it is worth noting that Saint Lucia does not have the right to regulate foreign exchange, it only represents the company registration. However, it does not display other regulatory information on the website for inquiry, which is obviously unreliable.The truth is that Plexytrade is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.Plexytrade is a scam.

Related Complaints

Q&A

Scam broker check: Plexytrade!

Manh Plegas
Belize
2024-08-19
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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