Global Broker Regulation Inquiry App
WikiFX
WoodCrusher 
1-2 years
Is Plexytrade regulated?
Broker Issues
Regulation
03-20
United States
WikiFX
Reply
Plexytrade is unregulated, which raises a red flag for me. Without proper regulation, there's no financial authority overseeing its operations. When I think about Plexytrade, the first question that comes to mind is, is Plexytrade legit? Personally, I prefer trading with brokers that are regulated, as it provides added protection for my funds. The lack of regulation makes me cautious, especially considering the Plexytrade scam warnings I've seen from other users.
Similar Questions
What are the cons of ProChoice?
TJensen
07-11
What are the pros and cons of Axion Trade in terms of regulation?
marcustan
06-16
Can I trust XTrend Speed for trading?
joalund
07-21
What are the cons of using Currency Solutions?
Pushpender Sharma
06-27
How can I confirm if FUJITOMI is regulated by the FSA?
Hhduy
08-09