ProsperityFX and Plexytrade are two popular offshore forex and CFD brokers that offer online trading services to traders and investors worldwide. Both brokers accept U.S. clients and provide trading facilities with no FIFO rule, high leverage, low fees, and tight spreads without restrictions. Although these brokers offer similar services, each has its strengths and weaknesses.
In this article, we will compare and review ProsperityFX and Plexytrade by exploring their trading conditions, instruments, minimum deposits, fees, features, and customer support. This comparison and research will help you determine which broker is better suited to your trading style and preferences.
ProsperityFX vs Plexytrade: Overview
ProsperityFX
Founded in 2020, ProsperityFX is an online forex and CFD broker that provides access to over 200 trading instruments on its MT4 platform. The broker supports multiple account types, ECN raw spreads, and fast trade executions. ProsperityFX allows all trading strategies, including scalping, hedging, and news trading. With its crypto-based funding system, traders can deposit and withdraw without extra charges. The broker offers 24/7 customer support, ensuring assistance at any time. To learn more, you can read our review on ProsperityFX
ProsperityFX Overview
- Founded In: 2020
- Minimum Deposit: Between $25 and 500 (Standard Account: $50, Pro: $500, Var: $250, Mini: $25, Islamic:$50
- Maximum Leverage: 500:1
- Regulations: None
- Trading platform: MT4
- Account Types: Standard, Pro, Var, Mini
- Payment Options: VISA, MasterCard, Bitcoin
- US Traders: Accepted
Plexytrade
Founded in 2024, Plexytrade is a forex and CFD broker that offers online trading services globally. It is an unregulated offshore broker that offers 100+ instruments ranging from all the major Cryptos, Forex, Commodities, and Global Indices to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of Plexytrade is as high as 1:2000.
Plexytrade at a Glance
- Founded Year: 2024
- Headquarters: Rodney Bay Gros Islet, Saint Lucia
- Minimum Deposit: $50
- Maximum Leverage: 1:2000
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: MT4, MT5, Tradelocker
- Account Types: Micro, Silver, Gold Raw, Platinum VIP
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Cryptocurrencies, Bitcoin
- US Traders: Accepted
ProsperityFX vs Plexytrade: Features
ProsperityFX
- Trading Instruments: Forex, Indices, Commodities, Stocks and Crypto
- Trading Platforms: MT4
- Minimum Deposit: $25
- Maximum Leverage: 1:500
- Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.8 pips for the Standard account, $8 per lot for the Pro account, No Commission for the VAR account, $7 per lot for the Islamic account, and $1 for the Mini account.
- Minimum Trade Size: 0.01 lot.
- Funding Currencies: BTC/USD
- Trading Style Allowed: All including Scalping, hedging, News trading, and EA Trading.
- PAMM/ MAM: Available
- Stop Out Level (retail): 50%
- Margin Call Level: 100%
- Negative balance Protection: Yes
- Investor Protection: No investor protection is Available.
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
PlexyTrade
- Trading Instruments: 100+ products in FX, Indices, Crypto, Commodities and Stocks
- Trading Platforms: MT4 & MT5 & Mobile
- Minimum Deposit: $50
- Maximum Leverage: 1:2000
- Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.7 pips for the Micro account, $2 per lot ($4 round turn) for the Gold Raw account, and $1 per lot ($2 round turn) for the Platinum VIP account.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 5 Lots
- Funding Currencies: USD/EUR
- Trading Style Allowed: Almost all trading styles including scalping, hedging, News trading, copy trading, and EA Trading.
- PAMM/ MAM: Available.
- Stop Out Level (retail): 20%
- Margin Call Level: 50%
- Negative balance Protection: Yes
- Investor Protection: No investor protection is Available.
ProsperityFX vs Plexytrade: Side By Side Comparison
ProsperityFX vs Demo: Pros and Cons
ProsperityFX Pros & Cons
- Low Minimum Deposit - Starting from $10
- Allow Crypto CFD Trading
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading and News Trading
- ProsperityFX Accepts Crypto Deposits
- Offshore Broker with very limited information
- Limited Deposit and Withdrawal Option
- Spread sometimes widens during market volatility
- Unregulated Forex broker
- No Managed Account Options
Plexytrade Pros & Cons
- The maximum leverage is as high as 1:2000 ( Leverage may vary based on account types and tradable asset types)
- Allow Crypto CFD Trading
- The maximum lot size is as high as 1000 lot
- Raw spread starting from as low as 0.0 pips
- Offers MT4, and MT5 trading platforms (Desktop, Web, mobile version)
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- Plexytrade Accepts Crypto Deposits
- Unregulated offshore forex broker
- Only Crypto Deposit and Withdrawal Option
- A limited number of tradable assets
Final Thoughts:
ProsperityFX and PlexyTrade are unregulated offshore forex and CFD brokers in the industry. They offer similar trading services; they both allow scalping, hedging, EA trading, and Copy trading EA. The minimum order size for both of them is 0.01
However, there are a few areas where you may find some differences. For example, ProsperityFX does not support the MT5 trading platform; instead, it uses the MT4 trading platform. On the other hand, PlexyTrade supports MT4, MT5, and Tradelocker trading platforms. The minimum deposit for ProsperityFX is $25, whereas the minimum deposit for PlexyTrade is $50. Additionally, the maximum leverage for ProsperityFX is 500:1, while the maximum leverage for PlexyTrade is 2000:1.
ProsperityFX does not offer any passive investment programs like MAM or PAMM, while PlexyTrade does provide such programs. Our score for ProsperityFX is 3.6, and for Plexytrade, it is 4.5.
If you are looking for a high-leverage offshore broker with a Metatrader (MT4/MT5) trading platform you may choose PlexyTrade. However, if you prefer not to use MT5, you may choose ProsperityFX.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex brokers puts your funds at higher risks
