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Glossary

MetaTrader 5 (MT5)

Platforms & Tech Beginner

MetaTrader's successor platform — multi-asset, more timeframes, better backtester, MQL5 language.

Glossary

MQL5

Platforms & Tech Intermediate

MetaQuotes Language 5 — the more powerful, object-oriented language for MT5 indicators, EAs, and scripts.

Glossary

Tick Data

Platforms & Tech Intermediate

Every individual price change (bid + ask) the broker recorded — the highest-resolution market data available.

Glossary

Algorithmic Trading

Trading Styles Intermediate

Trading via fully automated computer programs — rules executed by code, no human discretion per trade.

Unregulated Saint Lucia broker with 1:2000 leverage, $50 minimums and crypto-only funding; works while it works.

Unregulated

2.4/5 Overall
Min dep $50
EUR/USD 0.00p+$2.0
Leverage 1:2,000
Founded 2024
Day traders EA / algo High leverage
Score breakdown 5 axes · 27 sub-criteria · click to drill down
Last reviewed 14 May 2026 Read full Plexytrade review
Regulators (1 entity)
OTHER · IBC 2023-00662
Ecosystem & permissions
MT4 / MT5 / TradeLocker Free VPS Mobile app Trading Central Scalping / EA / Hedging Demo account

Strengths

  • Raw EUR/USD spreads from 0.0 pips on Gold Raw with $2 per side ($4 round-turn) commission; directly competitive with IC Markets and Pepperstone pricing
  • 1:2000 maximum leverage on the Micro account ($50 minimum); among the highest available anywhere

Trade-offs

  • Holds no financial-services license anywhere; the 'Saint Lucia IBC 2023-00662' is a shell-company registration number, not a forex license
  • Independent audit confirms Plexy Trade Ltd is NOT registered with the Saint Lucia FSRA or Montenegro's Central Bank, contrary to some review-site claims of 'FSRA Tier-3 regulated'

Vantage-spinoff CFD broker now FCA-licensed via VIBHS — competitive Prime ECN pricing, Lloyd's-backed offshore safety net.

Top-tier regulated FCA · ASIC +3 entities

4.3/5 Overall
Min dep $50
EUR/USD 0.00p+$6.0
Leverage 1:1,000
Founded 2020
Copy trading Day traders EA / algo
Score breakdown 5 axes · 27 sub-criteria · click to drill down
Last reviewed 18 May 2026 Read full Moneta Markets review
Regulators (5 entities)
FCA · 613381 ASIC · AFSL granted 3 Aug 2022 FSCA · 47490 FSA · SD144 FSC · GB24203391 (Company No. 211285 GBC)
Ecosystem & permissions
MT4 / MT5 / PRO Trader Free VPS Copy trading Mobile app Webinars Autochartist Scalping / EA / Hedging Demo account

Strengths

  • Prime ECN at 0.0-pip raw spreads with $3 per lot per side ($6 round-turn) commission u2014 competitive with IC Markets and slightly cheaper than Pepperstone
  • Ultra ECN halves the round-turn to $2 for clients who can deposit $20,000, which is genuinely cheap for active discretionary trading

Trade-offs

  • Founded only in 2020 u2014 six-year track record vs. Vantage's 15+ years; the brand-specific operating history is thin
  • Only UK retail clients get statutory investor compensation (FSCS); FSCA, ASIC and FSA Seychelles all rely on the private Lloyd's policy with no statutory backstop