LexaTrade leverage magnifies both profits and losses when trading. As with most brokers, margin requirements do vary depending on the instruments. LexaTrade allow you to execute a minimum of trade of varies. LexaTrade allow you to execute a maxium trade of varies. LexaTrade also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move. LexaTrade does charge a fee for inactive accounts. A Tier 1 bank is considered the safest and most secure regarding client capital.

They are leveraged derivatives that can be traded on a variety of values. For the opening of a CFD trade, you do not buy directly the underlying asset, scammed by lexatrade but only the contract to that value. This has several advantages because you can act with a high level of leverage and very easily place short trades.

Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk. When opening a trading account with LexaTrade, you will need to sign up here. You can find detailed guidance on LexaTrade trading platforms here. You will need to provide some basic documentation to prove your identity as part of LexaTrade onboarding and normal KYC identity checks. These checks are standard practice and help LexaTrade provide a safe financial environment for their 10,000 users.

There are only a handful of exceptions, the most notable being the US, Canada and Japan.

LexaTrade Payment Methods

Past performance is not indicative of future results. LexaTrade is the cheapest broker from my experience. Use the Pro account and you pay only 2$ per traded 1 lot in Forex in commission. In the VIP account (from 50.000$) LexaTrade lowers the commissions to 1$.

Confirm that you would like to receive special offers and newsletter from the Forex investments strategy broker. VIP Account – This type of account features ultra-low commissions.

• Traders like you rely on our real-life online forex broker reviews to pick good forex brokers to trade with.
• Make sure you make full use of all education tools.
• We traded the popular instrument in each market to identify the average spread and placed 12 trades in total.
• However, the bonus is only provided by LexaTrade Ltd and does not apply to clients from certain countries.
• Make sure you research where a broker is regulated to get an understanding of the regulations it adheres to.
• Autochartist is a common technical analysis tool among traders, so training videos are easy to find online.

LexaTrade also has a schedule of free seminars worldwide, which introduce clients to trading concepts, and provides networking opportunities. Apart from the wide selection of Forex pairs, LexaTrade has a disappointing range of CFDs. However, with the addition of MT5, LexaTrade is now able to offer trading on options and futures. You work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of leveraged products such as CFDs. The third step requires choosing your trading account, preferred base currency (click here for more on LexaTrade’s base currencies), and level of leverage.

LexaTrade Trading Accounts Offered

LexaTrade is regulated by Financial Conduct Authority so can be considered legit. Brokers that require earnings on forex a larger minimum deposit amount usually offer a greater range of trading features on their platforms.

Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The texts on this page are not an investment recommendation. The company is regulated and licensed by FSCA SC , FCA , CySEC . European clients trade under the FCA license from the UK or Cyprus license. LexaTrade presented itself in different countries, for example at the World of Trading in Frankfurt.

Get access to major international stock indices and Oil with no commissions or requotes and no hidden mark-ups. Get direct access to a range of CFD instruments with some of the lowest spreads available on the market. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . They are not necessarily comprehensive and their accuracy cannot be assured. Changing the leverage is a very useful feature when you want to lower the risk of your trade. Always be careful with forex and CFD trading, as preset leverage levels may be too high. After you download the MT4 mobile trading platform, you have to select the relevant server, e.g.

Fees And Commissions

We have checked and LexaTrade is regulated and supervised by reputable organisations. You are able to check every LexaTrade supervisory and regulatory body given below.

We also compared LexaTrade’s fees with those of two similar brokers we selected, AxiTrader and FXCM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of LexaTrade alternatives. lexatrade scammers You can use many options for deposit and withdrawal, and they’re all free of charge. We got relevant and fast answers both on the telephone and by email. The live chat agents are also helpful and give relevant answers, however, response time was slower.

Even if the broker wished to do so, it’d face hefty fines and a possible shutdown. Additionally, they’ve been quite diligent in resolving any issues that customers might have. You can see them responding to both positive and negative reviews online, showing that they genuinely care about user experience. It has been providing quality brokerage services ever since. This means that the broker has low entry requirements in comparison to other ECN brokers that benefit from higher volume trades and usually have a bigger capital and minimum trade requirements. Bear in mind when considering forex trading, as we approach the U.S. election uncertainty, fiscal and monetary trends will significantly affect the dollar and global exchange rates.

How Long Does It Take To Withdraw Money From LexaTrade?

However, the bonus is only provided by LexaTrade Ltd and does not apply to clients from certain countries. We contacted the broker’s customer support to resolve the challenges we faced. The articles are well detailed and useful for both beginner and advanced traders. Users can also follow the broker’s different experts from the Expert Blog. Trader of the Month – Live account holders are automatically added to this promotion where the top-performing trader receives a $1,000 prize. LexaTrade clients receive a 20% discount on all packages with 100% uptime guaranteed. Autochartist MT4 Plugin and web application which is an advanced chart pattern recognition tool highlighting actionable trading opportunities.

For this purpose, the Barclays Bank is used, which operates internationally and is always liquid. In addition, client funds will be protected in the unlikely event of a bankruptcy or financial dilemma of LexaTrade with the Financial Services Compensation Scheme of up to £ 85,000.

Is LexaTrade Legit

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account. Often you have to visit and read many broker websites all of which have different uses of language. Choosing an online broker like LexaTrade can be difficult. In our review of LexaTrade we breakdown the pros and cons. What LexaTrade are able to offer, what countries LexaTrade are available in.

To top it all off, they have no apparent trust issues and enjoy an excellent reputation. That covers one of the primary concerns with online brokerages. What we found impressive was that their support team was active even outside their own website. They are quick to respond to many different review websites and eager to help users with their issues. Overall, the reputation score is as good as it can get for an online broker. The way they operate seems spotless, and your funds are undoubtedly safe with LexaTrade. Strategies to make money—understanding how your broker earns a profit is highly recommended.

Thanks to the strong regulations, brokers are not allowed to pay out to unverified customers. Even after the first deposit, the account must be verified urgently. Since our account forex news is a bit older, we can not tell you whether a deposit without verification is possible. LexaTrade is a true NDD broker (Non-Dealing Desk) with well-known liquidity providers.

For example, the average spread in the UK100 is only 0.9 points. Are you looking for real experiences and a critical test for the LexaTrade broker? As traders with more than 9 years of experience in the financial markets, we have tested the provider in detail for you with real money. Learn more about the conditions and seriousness of the broker. Is it really worth it to invest in Forex Broker LexaTrade money or not? LexaTrade is a CFD trading company, based in the Seychelles. The broker was founded in 2014 and is part of LexaTrade Group, which operates in various countries around the world.

LexaTrade has a fast and hassle-free account opening process, with quick verification. ; and with the addition of MT5, traders may see the asset offering grow. Before deciding to trade Contracts for Difference , you should carefully consider your trading objectives, level of experience, and risk appetite.