A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses. Over 18 years later LexaTrade has grown to offering retail investors Forex swing trading strategies trading, and CFDs trading. This LexaTrade review was written by industry experts with over 20 years of financial experience in Forex, CFDs. This site provides unbiased reviews and may be compensated through third party advertisers.

• Being one of the well-developed brokerages, LexaTrade makes sure that your deposits and withdrawals will be hustle-free for you.
• LexaTrade withdrawal fees vary depending on your selected withdrawal payment method.
• The whole notion of regulation is to protect LexaTrade traders and provide a safe trading environment.
• As an experienced broker on the market, LexaTrade has already earned a good reputation.
• You will have to reach 300 XPoints within 30 days in order to redeem it.
• The first is a shared platform that is created by a software company and is shared by many forex brokers.

Currently, They offer mobile trading applications for Android, iOS devices, and Windows phones. LexaTrade provides variable spreads, but the most typical ones are between 0.3 and 0.6 pips. You are allowed to hedge and to use the trailing stop feature, as well as to have pending orders and automated trades. The margin call level is 30% and if you are up to some more advanced trading approach, try scalping, because LexaTrade has that option. Also, make trades with foreign currencies, indices and Bitcoin deals. It has an enormous learning centre for people with poor skills and knowledge in trading field. Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Thus, LexaTrade did very well – and particularly so in comparison to many of its competitors. The differences between the two account types have already been mentioned as part of our LexaTrade review. The trader is asked for his/ her data and then receives an e-mail with his/ her login confirmation. Verification is necessary so that withdrawals are possible in the future. Since the trader is rewarded with a bonus once he/ she has completed the verification process, taking care of this step right away is definitely recommended. The terminal operates equally perfect on various devices . The tablet version is distinguished by quick transactions, detailed reports, user-friendly navigation.

Traders Reviews

LexaTrade provides the customers with the regular support via chats, e-mail and telephone. The customer support is available 24/7 in many languages, including English, Arabic, Spanish and many others. LexaTrade does not differentiate between traders, offering a single account lexatrade broker reviews type for all real money trading. Every trader gets access to the full range of instruments, web and mobile platforms, plus educational centre. This does mean, however, that less favourable spreads can’t be avoided like they can with many tiered account structures.

Commission-free trading should allow you to earn more, without bothering about the size of the commission that you will have to pay. IG Markets, which is Australia’s largest retail foreign exchange broker was considered the second-best when it came to education. The IG Academy included interactive education, webinars, and seminars as well as a demo account to trade risk-free. In addition to its excellent range of CFDs, XTB stands out for its choice of trading platforms and free features. ProfitF has reviewed the website and didn’t find detailed info about trading platforms.

LexaTrade Review

Called ‘LexaTrade Online Trading’, the mobile app is easily installed, with a responsive user interface and much of the capability provided by the web-based platform. The LexaTrade platform has also been developed for mobile use with iOS and Android smartphones and tablets. LexaTrade uses a fee structure with zero commissions, only taking money from spreads. Spreads are variable, for example, GBP/USD spreads can range from 2.5 to 5 pips, EUR/USD ranges from 1.7 to 5 pips and EUR/GBP ranges from 3 to 5 pips. They will want you put more risk and not put a stop loss, they also force you into opening wrong positions intentionally.

The mobile application has provided a real trading «with no limits». Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors.

Major countries LexaTrade covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. If you are interested in trading with LexaTradein any capacity please take the time to read and research the whole LexaTrade review. The apps can be downloaded and installed from the respective app stores. The mobile app presents a user friendly interface and is very responsive. LexaTrade affirms that all clients’ deposits are maintained in segregated accounts with top-rated international banks. The broker also audits its records to ensure complete compliance to the regulatory stipulations.

LexaTrade does not, however, provide services to the UK, Canada and some other countries. They force into making trades, without any risk management. Conventional buyers will discover the trade normal MetaTrader4 platform. Moreover, they provide a fantastic cell app for iOS, Android, and Home windows, for simple buying and selling on each your Pill and Smartphone, see right here. Traders can use visual basic for application programming skills or basic excel skills to monitor and analyse the market.

With these providers, you are 100% safe and can take your Forex trading to the next level. On this page, we have presented you with our current list of the top 20 Forex Brokers in comparison.

learn more 67% of retail investor accounts lose money when trading CFDs with this provider. The broker provides clients with their proprietary trading platform, LexaTrade WebTrader. The platform has an intuitive user interface and provides access to multiple markets for trading forex and CFDs.

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Compare broker See what benefits one offers over the other. September LexaTrade bonus gives you up to $ 5000 and 100% more additional bonus if you deposit at least $ 100 till the end of the month. We hope you found our review of the LexaTrade brokerage firm useful. If you would like to see how LexaTrade stands up against other brokers you can read some of our LexaTrade comparisons below.

Forex trading carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments, due to leverage retail accounts lose money. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. LexaTrade was first established in 2003 and is owned by XFR Financial Ltd, a company licensed and authorized to operate by CySEC, to offer Contracts for Difference.

LexaTrade Risk Disclosure

This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website. The information contained in this website is for informational purposes only and does not constitute financial advice. The material does not contain investment advice or an investment recommendation, or, an offer of or solicitation for, a transaction in any financial instrument.

This broker does not place the trader’s orders directly into the real interbank or spot market. There is an internal matching system between the lexatrade forex broker positions of the traders. Of course, the broker can hedge himself on the real markets so that there are no distortions in supply and demand.

In addition, there are the indices, which are considered an important economic factor and of which around 35 are available here. The LexaTrade catalogue of underlying assets has therefore been very well set up and has an equally good offering in store for beginners and advanced traders, from which traders can select freely. Profit now from the most favorable fees and the best conditions by my experience of many years.

Most of the easyMarkets risk management is included ‘free’ with each trade, which means they are paid for through the standard spreads prices. This means trader’s get good value for the prices paid, especially as easyMarkets do not have commission fees. easyMarkets also offers options and futures trading not often found with other brokers when trading financial markets. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee.

What We Don’t Like About LexaTrade

LexaTrade offers a variety of active promotions and bonuses for all new traders. These promotions include, for instance, “First trade on us”, which fully covers the client’s first deal. The phone verification bonus offers all traders a cash bonus of $20, available once per phone number. It is assigned to each user after he enters a code received by SMS.

His point was that after I deposit $1000 I would be able to withdraw this deposit within a week – maximum 2 and then trade with what I would had left on my account. Also both of them, Anna Electronic trading platform and Zhan, said that there would be just one condition for me to be able to get profit – NOT TO OPEN ANY TRADES ON MY OWN! Of course I would not – I know nothing about trading whatsoever!

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. However, the spreads offered by LexaTrade are not that low when compared to other online brokers that offer spreads from 0 pips. They can also mark up the spreads as they do not charge a commission on trades. The VIP spreads and trading conditions require a large deposit. No cent accounts are provided and no social trading platforms or MAM/PAMM accounts. There is no provision for trade automation and platform extension via plugin apps. For these reasons amongst others, we consider LexaTrade a limited broker for online trading.

There are are many different ways with which you can make your deposit, including the use of credit/debit cards, bank wire transfer, e-wallets including PayPal, WebMoney, and more. Looking beyond Forex’s impressive share of X Trade’s assets, top trading platforms 2020 there are over one hundred additional choices. Each choice has its own minimum margin requirement and bid/ask spread dynamic, making trading very individualized and unique. The number of tradable commodities currently stands at around 25.

This welcome package is unlike anything else in the industry, and similar bonuses are available for loyal traders. LexaTrade’s tradeable assets include CFDs, Indices, Commodities, Shares, Forex, CryptoCurrencies, ETFs, and Bonds. With LexaTrade, you have the ability to trade in over 52 currency pairs, at least half of them exotic pairings that you might not find when you use another broker. X Trade’s offer of a Bitcoin pairing is yet another example of the broker’s cutting-edge attitude towards trading. The clear structure makes it easy for traders to quickly find their way and to get all of the important information that they are looking for. There are optimal descriptions about various trade topics, trading costs as well as other possibilities.

They can be reached using email, mobile phone or live chat. It is important to remember, that LexaTrade live chat support is available from 9 PM GMT on Sunday till 9 PM GMT on Friday. It is important for a good broker to have a high-quality customer support that speaks many languages. The customer support offered by the LexaTrade is one of a such. They speak more than 30 languages including English, German, Spanish, and Indonesian. In addition to this, they are well-trained and can solve most of your problems connected with trading or LexaTrade login right away.