LexaTrade Broker Review 2020

Like most brokers, LexaTrade takes a fee from the spread, which is the difference between the buy and sell price of an instrument. User must fully understand and accept all possible risks carried out by any operations, as well as partial or complete losses of the invested financial resources. All actions and, as a result, their consequences, as well as the way of using information, service and products provided by the site must be fully borned by the user’s responsibility. The above information shows that a broker can be a reliable source of income not only for experienced traders, but also for observant, diligent newcomers. The stop loss is generated automatically when you place a trade, but you can modify it to suit your preferences.

LexaTrade broker reviews

75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Options work and whether you can afford to take the high risk of losing your money. Established in 2001, LexaTrade is one of the first brokers on the market that began the entire social trading experience. The online broker nowadays serves traders in over 160 countries and offers a wide range of assets which include options, metals, indices, currencies as well as cryptocurrencies. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider.

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LexaTrade are market makers, like with the example with an exchange at the airport with the provider who sets their own rates, LexaTrade are your counterparty with each trade. A wide range of markets is available with the LexaTrade broker. When you make the decision to trade CFDs at LexaTrade, you have access to 200+ markets. They span the full spectrum of currencies, metals, commodities, and indices. You have multiple trading types available including 136+ currencies in day trades, 14 indices, 12 commodities and 5 metals.

LexaTrade broker reviews

You can start using the MetaTrader 4 platform with LexaTrade in multiple formats including through an online web platform, Through a downloadable application for Windows PC’s and Apple Macintosh computers. LexaTrade MetaTrader 4 is compatible with the latest macOS Mojave. LexaTrade allows traders to trade on mobile devices through Android and IOS devices like the iPhone. Once you have logged into your LexaTrade account you will see the below trading platform options available to you. If you are looking for Forex brokers to trade currency pairs on global Forex markets LexaTrade offer over 150 currency pairs. A minimum deposit is the minimum amount of money required by LexaTrade to open a new online brokerage account with them.

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Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose. We never adjust our trading conditions in response to market volatility. Fixed spreads and no slippage on our web platform means you know your costs before trading.

LexaTrade broker reviews

Developers added this calendar to the platform and now you will understand everything about the financial market. And that is also presented by the availability on trading vanilla options, which allow you to hedge against volatility and perform long term trading. As for the LexaTrade leverage levels, as always they are depending on the instrument you trade or platform you use and also defined by the regulatory restrictions. Going deeper into LexaTrade technology, the designed Market Explorer gives deep market insight, showing the real-time rates of 200+ instruments available to trade. Means its operation standards enabled within the EU to provide legal service to the EEA zone clients and beyond. They manipulated the price and never let you withdraw your money. The spreads of this broker are far too high- there are many other brokers to choose from that are offering much better choices.

Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. It is only difficult for people who have not done the research. In this article, you will learn important information regarding LexaTrade that will help you get off to a good start in the world of online trading. This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. This LexaTrade review was written by industry experts with over 20 years of financial experience in CFD, Forex, Commodities, Indices, Shares, Crypto. It could be a win-win for all as the traders can use a well known broker and LexaTrade and the broker gets more clients in other lucrative geos.

LexaTrade utilizes the same safety features as online banks, and traders needn’t worry about the security of their funds or the integrity of their accounts. Since they commenced operations in 2001, LexaTrade has been providing flexible trading platforms, innovative features, and more than 200 global markets to clients all over the globe. They offer forex and CFD trading in currency pairs, cryptocurrency, indices, options, bonds, ETFs, metals, energies, and other commodities. LexaTrade is well-established and strictly regulated and has won over 30 international awards. The inside viewer launched in 2009 offers traders all the information needed regarding trade movements in displaying buying and selling in percentages.

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With LexaTrade, you can only withdraw using the deposit method you used to fund your account. There is no withdrawal fee, so you can withdraw any amount at any time. The depositing time varies depending on the deposit method you choose, with the quickest depositing instantly and the slowest taking up to five days to complete the deposit. Whichever way you choose, the deposits currency exchange are safe, and there are no charges on depositing any amount. The broker accepts deposits in 18 different currencies, easing the account funding process and eliminating exchange charges. The accepted base currencies are USD, GBP, EUR, CHF, CAD, CNY, HKD, AUD, CZK, JPY, NOK, ZAR, SGD, MXN, NZD, SEK, PLN, & TRY. Non-trading fees – LexaTrade does not charge non-trading fees.

  • The dynamic trading platform runs on personal computers, Android smartphones and tablets, and iPhones/iPads.
  • The company also provides a wide array of currency pairings and combined with the CFDs, there are more than 200+ market instruments available each day.
  • MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts.
  • In addition to those features, platform users get free Guaranteed stop-loss and deal cancellation option.
  • But even more impressive than that is the fact that there’s not even an inactivity fee to pay here.
  • So, if you make any mistake and it hasn’t been more than 60 minutes from creating an order, you can easily cancel the trade and bring the losses back.

The Freeze Rate feature allows traders to freeze the displayed price for a few seconds, in theory to allow for the entry of trades. In practice, this offering is similar to one-click and automated trading, as provided in the MT4 trading platform, though the MT4 offerings are far superior. No broker has the possibility to “freeze” a live market, and the impression one gets is that trades on the LexaTrade webtrader are merely simulated. The VIP service is available with a minimum deposit of $2,500; the “VIP” label is largely a misnomer as the client receives virtually nothing of value which would suggest VIP handling. The buy-in currency was changed to US Dollars from Euros; LexaTrade suggested that the change was an effort to democratize forex trading.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, lexatrade official site in order for you to have a good working profitable relationship. Well, if you are looking for a regulated broker with low spreads, great trading tech and a well established reputation then it is definitely worth considering.

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The provides certainty that you know the fees of every transaction, unlike most other brokers whose fees will vary depending on the market. Variable spreads such as offered by Pepperstone, IC Market and Axi can be lower compared to LexaTrade as the spreads are raw. This means the spread is determined by liquidity pool without intervention from dealing desk. CySEC have low leverage because they want to protect retail clients as leverage can increase the risk of losing money. Low leverage means less money will be lost if forex movements are unfavourable. The flip side is, leverage be very profitable if currency movement go in your favour. The demo account gives you access to over 200 markets so that you can practice in your preferred market and compare with how other markets are doing.

LexaTrade broker reviews

If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. We should say something about negative balance protection with LexaTrade. When trading using leverage an adverse move could result in losing more than your trading account balance at LexaTrade.

What Are LexaTrade Withdrawal Fees?

This panel contains the live prices and symbols of popular instruments traded on LexaTrade. Traders can search for a particular instrument via a search box, or navigate by category lexatrade courses scam through the different asset classes. The upper menu of the screen contains the available balance, the amount at risk, profit/loss statistics, and the CFD margin level.

If you have a running trade that is losing money, use a margin call to automatically stop all open positions and preserve your account balance. Even though many brokers offer this tool, slippages happen, and losses occur, especially in highly volatile markets.

LexaTrade broker reviews

The LexaTrade trading software has a user-friendly intuitive design which includes almost all the tools from the full version. One drawback is sometimes it does not accept my debit car when i want to deposit. LexaTradeis a good nice exchange services Customer support is good for solving . By mistake i deposit wrong address but not deposit in my account . I give my transaction id and hash id customer team they check and give a reply for right solution. The easy markets online CFDs trading company are honest, trustworthy and professional. Very strange company, seems like their only quality is knowledge to extract money from newbies, but when you start to deal with them like with normal broker, they limit your leverage based on some nonsense.

LexaTrade broker reviews

With LexaTrade, the minimum and maximum trade requirements vary depending on the trader and the instrument. Be aware that Different entities under LexaTrade Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client. Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees. Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill. The whole notion of regulation is to protect LexaTrade traders and provide a safe trading environment.

For those seasoned traders among you, you will know that this is some of the most advanced charting software on the market – ideal for technical analysts. When it comes to the panel on the left, the default is a market chart but you can also switch between the Market news, Trading signals and Economic calendar. You will also notice that on the order form you can switch between the different instruments. The default it the easyTrade but you can also switch to Day Trading as well as to trade the forward markets. Then, on the main user interface you have a pretty well laid out and intuitive platform. You have all of your markets on the left, the order forms on the right, charts on the right and the live, pending and past orders in the bottom panel.

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