Users can also elect to use bank transfers for deposits and withdrawals, although these could take up to five business days. lexatrade courses scam As required by its regulator, the name on the LexaTrade account and the payment processor needs to be the same.

LexaTrade reviews

In this article, you will learn important information regarding LexaTrade that will help you get off to a good start in the world of online trading. This LexaTrade review was written by industry experts with over 20 years of financial experience in CFD, Forex, Commodities, Indices, Shares, Crypto.

See All LexaTrade Indices Products

Traders do not need to pay additional fees whethere it is for commission, account fees, or deposit withdrawal. Account currencies are available in 18 options including EUR, CAD, CZK, JPY, NZD, USD, SGD, and many more. The company offers multiple ways to deposit and withdraw funds, some of them are credit/debit cards, bank transfers, and a selection of eWallets like Neteller, Skrill, and Fasapay.

LexaTrade reviews

Although LexaTrade are not perfect we found many really useful aspects with the overall offering from LexaTrade. Our personal experience of trading with LexaTrade was very good. It’s grown by $ % in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade. With LexaTrade, the minimum and maximum trade requirements vary depending on the trader and the instrument. Download the Metaquotes MetaTrader 4 Program for free of charge from Apple’s App Store. LexaTrade customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Vanilla Options

All withdrawals are correctly documented, allowing users to keep track of their history. Just like the web version, the app allows users to trade via MetaTrader 4. All MT4 functions are available, which allows for effective trading wherever you are, whenever you need to. At LexaTrade, the leverage rates vary depending on the nature of the trade being considered.

LexaTrade reviews

So wire transfers, credit/debit cards, a huge range of online payments and eWallets are available to withdraw funds. Withdrawals from LexaTrade typically take around 2 business days. Focusing on the deposit aspect of LexaTrade we will look at the minimum deposit required, and the range of deposit methods available as well as any fees you may encounter along the way. You will be glad to note that an Islamic account is available for traders at LexaTrade. These accounts do not charge any swap-fees and so, they are fully compliant with Shariah law. LexaTrade also do not charge any additional fees on these accounts, though if you keep a position open for more than 14 days, they may apply an extra fee in place of the swap fee. The next area we will delve into in our LexaTrade review is that of the various account types which you can open with the broker.

Is LexaTrade A Market Maker?

This means that traders who choose LexaTrade are very well-protected overall. For example, the easyTrade tool is useful for allowing users to set their risk limits, durations of trade and potential payouts. Trades are activated by using a simple up or down button, making it particularly useful for busy day traders. Registered users also gain access to ten downloadable eBooks, which can be read on smartphones, kindles, tablets and desktop devices. These books focus on everything from the psychology of trading to technical analysis. New clients outside the EU receive a first deposit bonus of up to 50% on their initial deposit. Minimum deposits sit at £100, with a minimum credit bonus of £30.

In terms of usability, the site has a heavy emphasis on ensuring users can quickly and easily navigate while making trades. The platform itself has a relatively good range of different accounts and instruments to choose from.

Decent selection of platforms and simple, easy-to use proprietary platform. All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions.

This is most likely due to local laws and regulations but LexaTrade could always apply for a new licence in one of these regions. It’s always great when a broker provides additional educational resources to their traders. Indeed, we all know about the analogy of “teaching people how to fish”.

LexaTrade reviews

This is the sole option to unlock all of the products and services provided by the brokerage. The MT4 trading platform is provided as the basic version only but remains the best choice available at LexaTrade. Our team of experts is thoroughly familiar with different types of scams such and broker login problems.

Good Beginner Broker, Excellent Customer Service, But Expensive Trading Environment

LexaTrade claims to offer simple trading, honesty, and transparency to its clients. How serious and dedicated is LexaTrade with its core values? In this review, we will find out together if LexaTrade stands to its core concepts with online trading. They do not charge fees but they do apply a spread although I consider it a high spread. My first time doing any kind of trading and the experience seems okay. They helped me significantly in starting my journey as a forex trader.

LexaTrade.com offers over 60 forex currency pairs, cfds, commodities, shares, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options. CFDs and Options are complex instruments and come with a high risk of top trading platforms 2020 losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Options work and whether you can afford to take the high risk of losing your money.

LexaTrade reviews

It was developed by Russian company MetaQuotes, is available in multiple languages and free to download. This feature lets you freeze a rate on a certain asset for just a few seconds to give yourself time to get into that position. This is ideal if you are trading volatile markets and spot a low position which may not hold too long. Forex forwards also known as forex futures can also be traded at LexaTrade. These futures are contracts to buy a certain currency at a specified price and date in the future though they are routinely traded around prior to this date.

Does LexaTrade Allow Hedging?

Is has a very user-friendly interface that is simple to navigate and quick to learn. LexaTrade is one of the few major brokers who offer fixed spreads to traders. This is great if you want to get a picture of exactly how much your trades will cost. The fixed spread on a standard account starts from 1 pip, or form 0.9 lexatrade reviews pips if you are trading on an MT4 account. This regulation and transparency allow them to offer the best in fund protection to EU traders and others while providing a very flexible trading environment. You will find a good range of account types available including both an unlimited demo account and an Islamic account.

  • The default it the easyTrade but you can also switch to Day Trading as well as to trade the forward markets.
  • If you have deposited via credit or debit card, your funds will be returned to the same card.
  • They can be used to spot potential trading opportunities by looking for price action patterns and using technical indicator analysis.
  • Freeze Rate is a tool which allows users to freeze onscreen prices for several seconds, enabling them to trade at the frozen price.
  • The professional account is also listed as a “VIP” account with which traders benefit from a variety of perks.
  • It seems that they have spent their 19 years in operation honing a comprehensive yet simplistic trading experience for traders of all stripes.

Instrument types available are cryptocurrency, metals, Forex, indices, commodities, and options. Most withdrawal methods do not have a minimum withdrawal amount, except for bank transfers that require a minimum withdrawal amount of $50. The depositing time varies depending on the deposit method you choose, with the quickest depositing instantly and the slowest taking up to five days to complete the deposit. Whichever way you choose, the deposits are safe, and there are no charges on depositing any amount.

LexaTrade reviews

I think its better avoid cysec brokers especially LexaTrade. LexaTrade offers over 191 different instruments to trade, including over 135 currency pairs. We’ve summarised all of the different types of instruments offered by LexaTrade below, along with the instruments offered by IG and LexaTrade for comparison.

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