PLSXA is a foreign exchange broker whose official website domain was registered on February 4, 2024, primarily offering investors trading services in forex, precious metals, commodities, and indices among other financial derivatives. This broker does not provide services to jurisdictions where it might violate local laws or regulations, such as the United States, Iran, and North Korea.
Company Registration Information and Regulatory Status:
Public information on the PLSXA official website indicates that its corporate entity, PLSXA Limited, is registered with the UK Companies House and has received certification from the US NFA and the Financial Crimes Enforcement Network (FinCEN) MSB in the US. Additionally, this entity is a member of The Financial Commission.
Upon verification, the UK Companies House, the US Financial Crimes Enforcement Network (FinCEN), the US National Futures Association (NFA), and The Financial Commission do not have a registered entity named PLSXA Limited. Moreover, the broker's official website "Terms and Conditions" page only contains icons without any actual content.
Account Opening:
To open an account with PLSXA: visit the broker's official website and click on "Open Account" on the homepage or the top right corner of the web page to access the account registration page. First, enter your email address to receive and verify the verification code, then set up a login password and submit it. Once the application is submitted, the account will be successfully registered.
Trading Account Information:
PLSXA offers users a demo trading account and two different types of real trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT:
- Trading platform: PLSXA
- Execution speed: Instant execution
- Products: Over 250 currency pairs, indices, commodities, and stock CFDs
- Maximum trading leverage: 1:500
- Spread: Starts from 1 point
- Trading commission: 0
- Initial deposit amount: 200 USD
ECN ACCOUNT
- Trading platform: PLSXA
- Execution speed: Instant execution
- Products: Over 250 currency pairs, indices, commodities, and stock CFDs
- Maximum trading leverage: 1:500
- Spread: Starts from 0 points
- Trading commission: 6 USD per round trade
- Initial deposit amount: 200 USD
Trading Platform:
PLSXA claims to offer the MT4 trading platform on its official website, but in reality, it provides a proprietary trading platform.
Deposits and Withdrawals:
PLSXA supports deposits and withdrawals through Mastercard, VISA, NETELLER, Skrill, and bank transfers among others.
Conclusion:
Traderknows reminds investors that PLSXA is a forex broker without effective regulation and has not provided any contact information. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities to avoid unnecessary losses to their assets.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
