It is a high degree of risk to trade securities and derivatives. Some data in the reviews are verified but data can vary from time to time. We ranked LexaTrade’s fee levels as low, average or high based on how they compare to 150 brokers that we recalled their live account spread in our database. At LexaTrade, you can trade only CFDs on forex, stock indices, commodities, and German government bonds with 85 instruments in total. Popular asset classes, such as stocks, ETFs, mutual funds, bonds and options are missing.
You have the option of viewing your full portfolio and any past transactions that you have made, to keep updated on your performance. On the other hand, the MT4 web trading platform does not provide price alerts or notifications, and you will have to rely on the initial login process since there is no two-step verification process. LexaTrade is regulated by the Financial Conduct Authority of the UK , the Cyprus Securities and Exchange Commission , and the Financial Services Authority of Seychelles . This Forex trading broker takes protective and preventive measures to look after client information and client funds. LexaTrade has got a lot of tools, instruments and, naturally, trading platforms. So much so, they are actually pretty confusing, even if necessary to go by in this CFD-encouraging place.
We tested the debit card withdrawal and it took 1 business day. You can also open corporate and swap-free Islamic accounts. The main difference between Islamic aand other accounts is that instead of daily swap rates, an administration fee is charged if you hold some exotic currencies for more than 3 nights. There are only a few exceptions, e.g. customers from the US or Canada can’t open an account.
Stock Indices & Wti Trading
Now he and his team focus researching and comparing broker’s pros and cons. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. LexaTrade aims to provide a trading environment that allows its traders to reach their full potential. This is done by the trading tools and market research materials provided for the trader. Market research materials such as trading ideas and fundamental data help the trader to understand the trading industry.
LexaTrade is considered excellent and reputable to trade with LexaTrade. LexaTrade is used by over 10,000 active traders and LexaTrade users. LexaTrade offers Forex lexatrade website trading, CFD trading, Spread Betting trading, Social trading, and trading. First and main problem is fake and imaginary WTI CFD price they offer in the moment.
Trading On LexaTrade Web Platforms And Other Applications
Although many traders have had great success with LexaTrade, trading on the financial markets with LexaTrade is not a get-rich scheme. If you educate yourself, practice with a demo account, and carefully plan your trading, your chance of success will significantly increase. LexaTrade is currently regulated by the Financial Conduct Authority . One of the essential criteria for traders when choosing a broker like LexaTrade is the broker’s regulatory body and regulatory status. Brokers who conduct business without regulation do so at their discretion and pose a direct risk to their clients’ money security. When you send in a withdrawal to LexaTrade, this will be honored.
LexaTrade has spreads average spreads 0.1 pips on EURUSD and 0.3 pips on GBPUSD. Foreign exchange, precious metals and over-the-counter contracts are leveraged products, which have high risks and may lead to losses of your investment principal.
Withdrawals must be made via the same method used to deposit. Please note that some methods may only be available to specific countries. Skrill, Neteller, FasaPay, UnionPay and credit card deposits are usually processed instantly while withdrawals are processed within one working day.
- Please note that this broker does not offer crypto currency trading as actual or as CFDs.
- Apart from the government bonds, you will also be able to trade on more than 62 currency pairs, commodities like gold, silver, crude oil, 15 different equity indices and also Bitcoin when with US dollar.
- LexaTrade has a great mobile trading platform, we really liked its design and user-friendliness.
- Before deciding to trade Contracts for Difference , you should carefully consider your trading objectives, level of experience, and risk appetite.
- It offers a conducive trading environment and users do not have to incur any transaction cost.
- They give traders access to a wide variety of instruments in several markets like currencies and indices.
And yet, is LexaTrade a scam or a dignified startup broker, which is certainly worth to be looked at? LexaTrade has a BrokerNotes double AA support rating because LexaTrade offer over three languages email and phone support. LexaTrade also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
LexaTrade allows the traders to trade with LexaTrade Seychelles if they need high leverage. And those who can comply with the regulations of ESMA can obviously join the UK or Europe branch of the brokerage. In other words, you will be able to achieve complete flexibility as a trader with LexaTrade.
LexaTrade offers three types of trading accounts; Classic, Pro and VIP. LexaTrade also offers swap-free accounts for traders of Islamic belief. Once you are sure that your money is secure, you want to know how fast and conveniently you can deposit and withdraw your money.
LexaTrade Pro Account:
Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform. We aim to provide unbiased online trading broker reviews to give traders a clear understanding of the different brokers available to forex them. Traders can use our free service but should do their own due diligence and make their own decisions when choosing an online trading broker suited to their individual needs. LexaTrade is a multi-regulated online broker offering retail & institutional clients across the globe 80+ trading instruments.
For both chat & email, we asked them basic questions, below is a review our overall experience with their support. They have a $30 welcome bonus offer with no deposit, but it is not available to South African traders for now.
One of the most appealing factors about forex trading is the use of Leverage and Margin. As such, LexaTrade is a well-regulated broker that is able to offer its clients a safe and secure trading environment. The FSA is a recognized regulatory body, while CySEC falls under the jurisdiction of the EU and thus offers clients the security levels associated with trading in this jurisdiction. The company’s mission is to provide retail and institutional clients around the world with an exceptional trading environment that empowers them to reach their full potential. We receive a commission from some of the brokers if our readers open an account using our affiliate links. However, our reviews are based on our actual tests which are transparency and unbiased. On the negative side, platform tutorial videos are not categorized.
Similarly to deposit, LexaTrade charges no fee for withdrawal.You can use the same options for withdrawal as for deposit. LexaTrade has low non-trading fees.There is no fee for deposit, withdrawal, or inactivity. 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. To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.
LexaTrade Languages And Trading Software:
With its headquarters located in both UK and Seychelles, the company offers its clients a wide range of account choices with respect to the status of tax and location. All accounts at LexaTrade offer STP market executed trades in 0.1 seconds on 62 currency pairs in addition to CFDs on stock lexatrade courses scam indices, metals, and bonds, without any dealing desk interference. Over 15 years experience in forex, commodities and equities markets research. He loves analysing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analysing forex brokers.
Justin Grossbard has been investing for the past 20 years and writing for the past 10. He co-founded Compare Forex Brokers in 2014 after working with the foreign exchange trading industry for several years. He also founded a number of FinTech and digital startups including Innovate Online and SMS Comparison. Justin holds a Masters Degree and an Honours in Commerce from Monash University. He and his wife Paula live in Melbourne, Australia with his son and Siberian cat. In his spare time, he watches Australian Rules Football and invests on global markets. In Demo account MT4 trading platform is offered by LexaTrade.
You can use this tool to link your account to follow the strategies of other traders in Myfxbook Autotrade. The signals you follow will be copied automatically and directly into your LexaTrade account.