Lexatrade The Award Winning Forex Broker Company

At the bottom of the app, the categories include Quotes, Chart, Trade, History and Setting. While the MetaTrader 5 desktop and web platform take some getting used to, it is packed with a variety of features that is well worth the time as detailed in the next section. The navigation of the platform does take some getting used to as you can customise the layout to your own needs. Once you get the hang of the platform, it does become very easy to navigate and access the 21 different timeframes and 38 technical indicators available. There are a variety of different fees to look at when choosing a broker. Some financial regulators make it a regulatory requirement to offer some of these features, while others do not.

The users need not be afraid of debts or negative minimum account balance during unfavorable conditions as Lexatrade does not mandate additional funding. The Autochartist tool is available for free, and Lexatrade offers it to everyone who conducts live trading through the broker. Upon making the minimum deposit, the users are enabled to gain access to the low commission brokerage services of $2 for each Round-Turn or $1 for each standard lot. This Account has a similar pricing format even though its minimum deposit requirement is only $100.

Lexatrade forex broker

This means you will need to be extra vigilant when choosing a broker, ensuring it is safe, and regulated by the concerned authority. Ironically, COVID-19 has re-energized the forex market like nothing we’ve seen in years. Deeply negative, real interest rates in the U.S., and a recovering global economy is making way for a sustained U.S.

Web Trader

And this mean that indicators will give you wrong and faked signals So i advise peoples not to trade with this broker even if they claimed that they will give you the lowest spread … Lexatrade rewards the active traders of the platform with generous cash prizes. The top successful trader of the company receives a reward worth $1000 for his skill and performance. There is no extra registration necessary to compete for the prize money. At Lexatrade, the clients have to make a deposit of at least $100 to open an account with many brokers of the platform. The platform accepts deposits in USD currency, EUR currency, GBP currency, and PLN currency.

  • The in-house Lexatrade research team of eleven experts runs a regular blog covering both fundamental and technical analyses.
  • To take part in the rebate program, the trader has to open a live trading account and then make an initial deposit of at least $200 to start to trade and invest in various assets.
  • This broker fails to provide which MT4 bridge is deployed, suggesting a market maker model across all account types.
  • Let other traders know if this service is worth checking or should be avoided.

Lexatrade provides an excellent array of financial services to traders and investors, according to the Lexatrade review. It is the mission of the company to gain accessibility into every financial market of the world to enable the user to become an expert professional trader. With almost a million users conducting more than 385 million trades regularly, the platform is now more popular than ever. Please note that this broker does not offer crypto currency trading as actual or as CFDs. Further, CFDs are complex instruments and come with a high risk.

Lexatrade Volume

Get in touch with the brokers and the non dealing desk broker center for help in case any issue arises during the withdrawal of funds. The small size does not pose a problem for beginners who venture into the financial markets to execute trailing stop trades in assets with a low capital of only a few cents or so.

The record-breaking figure was surpassed a month later with the Group announcing that October 2018 was its most successful month ever with $145.53 billion in trading volume. After verification, all functions lexatrade courses scam of the broker are available to you. Another plus point for Lexatrade is the simple depot opening. According to the website, you need a maximum of 3 minutes for this and we can confirm this personally.

Lexatrade forex broker

This is a commendable trader for both new and experienced clients. A peek into Lexatrade customer comments and reviews will encourage you to deal with this credible brokers. Lexatrade is a trading name for Lexatrade UK that was formed with the need of providing exceptional trading conditions to all clients worldwide. Sticking lexatrade courses scam true to its mission, Lexatrade has been able to provide the best trading conditions that have seen it expand to a lot of countries worldwide with clients appreciating the service it offers. It is evident from the Lexatrade review and overall rating that the broker is ideal for both beginners and experts in the industry.

Is Lexatrade Safe?

Overnight swap fee – The cost of holding a leveraged position overnight. Lexatrade South Africa PTY Ltd – authorised and regulated by the Financial Sector Conduct Authority of South Africa, a tier 2 regulator. Lexatrade Asia Ltd – authorised and regulated by the Labuan Financial Services Authority , a tier 2 regulator. Lexatrade Ltd – authorised and regulated by the Financial Services Authority of Seychelles, a tier 3 regulator. Lexatrade Europe Ltd – authorised and regulated by the Cyprus Securities and Exchange Commission , a tier 1 regulator.

Lexatrade forex broker

Below you will find the most relevant fees of Lexatrade for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. As a whole, we suggest Lexatrade if you’re interested in forex and CFD trading and prefer using MetaTrader platforms. In the end, you can try out the demo account first for free, before you make a commitment. Lexatrade’s mobile trading platform is a high quality MetaTrader4 app.

The deposit and withdrawal can be made directly from the client area. The process of deposit and withdrawal, ranges from an instant to 24 hours depending on the method of deposit or withdrawal and the country of operation. The time taken for a bank transfer may differ from a transfer through other methods. Although the deposits can be made in many currencies, it is advised that the user should be well aware of Lexatrade’s minimum deposit and withdrawal amounts. Market research tells that the average net promoter score of it is 6.1 out of 10.

Though it seems simple enough, picking the right account is one of the most important aspects in deciding on the right broker, as the account type can have a direct impact on profit and loss. Not all brokers participate in awards, and therefore this aspect should be taken into consideration with the overall broker offering. Overview Foreign exchange regulation is a form of financial regulation specifically aimed at monitoring and standardizing the Forex market. Yes, Lexatrade has some promotional offers like a Trader of the Month, Lexatrade’s NFP Machine, the IB Contest, and a $30 Welcome Account. Lexatrade may charge a maintenance fee where there is a lack of trading activity on an account. Deposits larger than USD or equivalent which are processed in one transaction by bank wire transfer, are covered by the broker’s Zero Fees Policy. State the amount you would like to withdraw from that account.

Before deciding to trade Contracts for Difference , you should carefully consider your trading objectives, level of experience, and risk appetite. Forex trading, also called currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates. Bonuses that are known as rebates are credited to the trader’s account once they have completed a trade, while regular bonuses may require traders to carry out quite a number of trades first. Leverage is essentially capital that a trader borrows from a broker to increase potential returns. The Forex leverage size usually exceeds the invested capital by several times.

Lexatrade

When registering, you can choose how much leverage you want as well as how much of a deposit you want to make virtually. Of course, it’s just virtual money so there’s zero risk lexatrade rezension involved. This broker offers commission-free stock, indices, and bond, CFDs etc. There are no commissions for CFDs trading for major stock indices, futures, and bonds.

Get direct access to a range of CFD instruments with some of the lowest spreads available on the market. Unleash your trading prowess with market sentiment directly from the Dow Jones news feed. Lexatrade is not just an online broker, but also an educator. In other words, it is not just a place for trading, but also a place for getting educated, honing trading skills, and testing new trading strategies. One-click Trading – This is a tool that enhances the functionality of the MT4 trading platform. Finally click on the blue Submit button to create your demo account. VIP Account – This type of account features ultra-low commissions.

Can You Open An Account?

We advise you to read Lexatrade’s risk disclosure, customer agreement, and terms of business before you start trading. Overall, Lexatrade is regulated by a number of strong international regulators, has a long track record of responsible behaviour, and has received wide industry recognition. FxScouts follows a strict editorial standard in our review process.

Lexatrade forex broker

Losses can exceed the initial investment, according to research. It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage your risk. These educational tools range from the very fundamentals of Forex trading to more advanced Webinars and courses, which can also be of use to intermediate traders.

Lexatrade forex broker

The Lexatrade UK Ltd website provides in-depth information about margin requirements and also has a margin calculator. This helps traders grab all appropriate trading opportunities.

The video topics include Forex Trading, Market Analysis, Trading Psychology, Trading Strategies, MT4, Social Trading and many others. The YouTube channel also has videos on potential chart patterns developing in well-known markets and content is posted regularly which is good to see. The live chat feature was the fastest as we were connected to an agent in less than 10 seconds who then answered our question in around a minute. It was a simple process and was completed in less than 3 minutes. While everything is done digitally, you cannot do anything in the client portal area until you are fully verified. You can download the MT5 mobile app for both Android and iOS devices directly from the app store.

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