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The leading Forex and CFD investment services institution LexaTrade has recently received the prestigious Global Banking & Finance Awards® Best Mobile Trading Platform Europe 2021 award. The company was awarded for its in-house developed mobile trading app which offers easy access to more than 250 instruments from 6 asset classes to online traders.

Its platforms are similar to the ones provided by its competitors; nonetheless, many features are added and lexatrade website improved upon. Before, LexaTrade has been considered unfriendly to newbies due to the shortage of guides.

LexaTrade official site

For example, lower spreads can only be activated if the trading volume is high so that the broker still makes enough profit. LexaTrade is very well positioned with 4 types of accounts and thus clearly sets itself apart from its competitors. Currency market Also the worldwide known trading platform Metatrader 4/5 is offered via LexaTrade. Personalized indicators or programs can be imported into this platform. This way, every trader can independently adapt the platform to his trading style.

What Is LexaTrade?

Nowadays, an app is actually necessary for every professional broker because mobile trading is becoming increasingly popular. From my experience, the app works just as well as the online platform or Metatrader 4/5. You will find all the necessary functions very quickly and get the fastest access to the markets. Charting is one of the most important things when it comes to technical analysis of markets.

LexaTrade official site

With ease of use, convenience, and security as the primary objectives, LexaTrade is able to deliver an optimum system that passes industry-standard requirements. Its authoritative educational scheme also adds to the reasons why LexaTrade is an ideal platform. LexaTradeoffer a good selection of educational resources. 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. MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Is The LexaTrade Trading Platform Secure?

Despite the fact that this is a relatively new broker, it must be noted how quickly it gained popularity and sympathy among numerous traders. LexaTrade clients can trade forex instantly, taking advantage of live, streaming, best executable prices in the marketplace, with immediate confirmation. Although we found some very useful aspects of the LexaTrade platform that would be useful to some traders.

LexaTrade official site

Combining deep liquidity, cutting edge execution and reduced spreads, LexaTrade delivers industry-leading trading conditions, recognized by renowned international awarding bodies. Access the financial markets with an account catered to your needs and benefit from competitive conditions and exceptional execution speeds. ICO (cryptocurrencies) Do note that LexaTrade does not provide any bonuses to its client. Because it is based in Cyprus and operates under CySEC regulations, it is not allowed to honor any kind of bonus. Nonetheless, LexaTrade offers other advantages to make up for this limitation. This means that risk is high with this type of trading option.

LexaTrade Vs Investous

In summary, the software solutions from LexaTrade are suitable for every trading style. In the following pictures and texts, we will give you an insight into the trading platforms. It is simple and provides more options forex news than other brokers. Perhaps the charts in non candlestick mode, should include 24h sight. Before they vanish binary options, I was told that the sell button does not function, when there is big volatility.

  • With unregulated brokers, it can come to delays of the disbursements or customer money frauds.
  • The verification takes less than a day from my experience and is quickly conducted.
  • Therefore, one should not be dissuaded from the web to become a good trader.
  • Live webinars provide an additional educational channel.
  • The platforms provide a number of indicators and technical drawing tools.
  • LexaTrade also urges its clients through its web platform to always look for the SSL security sign on the browser while operating LexaTrade.

Traders have numerous deposit options from which to choose. Besides traditional bank wires and credit/debit cards, supported payment processors include Skrill, Neteller, PayPay, giropay, Sofort, eps, iDeal, and dotpay. The minimum deposit amount is dependent on the selected method.

Is LexaTrade Safe Or A Scam

Upon clicking, your browser will automatically open a new tab for further troubleshooting procedures if you need them. LexaTrade remains committed to partnering with world-class organisations and differentiate by supporting sporting events that are considered to be milestones in the sports arena. All that is needed is the completion of your personal data and the upload of a photo/document of your identity card and an invoice confirming your address. The verification takes less than a day from my experience and is quickly conducted.

So if you buy a contract on, for example, oil and the price of oil rises in the next 2 hours, then the value of your contract also rises and you can close the trade in profit. There are derivatives with which an underlying value is speculated. Another advantage is the speculation on falling prices.

LexaTrade official site

LexaTrade will also enjoy excellent business-to-business opportunities through access to the tournament’s Pro-Am competition and suite of hospitality services. Because I wanted to withdrawal a small amount of £100 they had to charge me a 20% withdrawal fee as it’s below the minimum amount as stated in the T&C’s.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

Does LexaTrade Have Fees?

By maintaining optimum support and assistance, refined products and full transparency the LexaTrade also educates its clients through its Academy. Educational resources covering useful information on how to operate in markets, develop own trading strategy with accredited courses and webinars. The available versions suited to various devices and including PC, Mac, Applications or Web platform that requires no installations.

LexaTrade official site

Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading lexatrade reviews or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website.

Proprietary LexaTrade WebTrader is fully based online, so you don’t need any downloads or installation and may access trading right from your browser. The platform has a clean view and quite comprehensive and powerful analysis features including technical analysis and risk management tools. So even by the use of WebTrader you can make full out of trading. The software solution offered by the LexaTrade mainstays at the popular choice of MetaTrader4 platform, that provides a comprehensive trading feature and vast of solutions. LexaTrade arranges withdrawal options with good range of supported payment methods, while the minimum withdrawal amount is $100, in most cases the withdrawals processed free of charge. Yet in case you would like to withdraw less than the mentioned amount the broker may add on a fixed processing fee of 10$. In addition, the company runs an active blog and community of traders, which allows sharing the experience to get better knowledge about the markets and trading itself.

LexaTrade official site

They have dropped option-trading completely and are now focusing on the above-mentioned products exclusively. The available trading platforms are Meta Trader 4, Meta Trader 5, LexaTrade WebTrader, and LexaTrade Mobile – good choices and a great mix between functionality, customizability, and user-friendliness. The potential for LexaTrade to provide a significantly more client-friendly environment is great and clearly evident. The broker’s most competitive offer is a unique approach across the brokerage industry, consisting of a competitive Raw account which can be accessed for a $5000 account balance. Commissions per traded lot are set at $5.Swap rates on overnight leveraged positions apply.

In order to prevent money laundering, every new customer is required to verify their identity by providing a scan or a photo of a personal ID . As a rule, the money is transferred to the beneficiary’s account within 2-8 working days, depending on the transaction method. Since its inception, LexaTrade.com did its best to create a fast, reliable, and multi-functional platform for trading Forex and CFD. It can truly be called a modern broker deserving attention of serious traders. Special emphasis is given to live communication with the customers.