LexaTrade Review By Forex Peace Army Is It A Good Broker?

The user will have access to over 1,000 CFDs, exclusive webinars, daily analysis, and basic access to Autochartist. The account includes support by a personal manager, limited trading alerts, and daily dividend payments. Charting is one of the most important things when it comes to technical analysis of markets. MetaTrader 4/5 is one of the most flexible platforms in the trading area. Choose between different chart types and set any time period. Furthermore, LexaTrade gets its market data from well-known providers.

LexaTrade forex brokers reviews

LexaTrade found its home in one of the most prominent neighborhoods in Nicosia, Cyprus, and runs its successful business operations from there. The broker is equally successful with binary options as with Forex. A demo account of Forex / CFD is present and newcomers have a chance to practice forex news on the trading platform “spotoption”, where there should not be any big difficulties. LexaTrade is truly a unique broker offering to open one Standard Account designed for everyone absolutely free. In other words, $ 100 and you can start trading, regardless of the trader’s experience.

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 lexatrade reviews this page are not an investment recommendation. LexaTrade is currently one of the top companies in the trading scene. The broker offers a truly comprehensive listing for traders. Also, there is a very large training center on the website of the broker.

Desktop Platform

Margin – Should your account balance be only 50% of the margin, you will receive notification that the account will be closed automatically, if you fail to make a further deposit. Rollover – Positions held overnight are subject to a rollover fee. Overall, LexaTrade is a regulated Forex broker that is registered by the Mauritius Financial Services Commission , National Futures Association , and the Cyprus Securities and Exchange Commission . This means that LexaTrade is a safe and trustworthy Forex broker. As the broker mentions, it always aims to execute a withdrawal within 24 hours. Any trader who has opened an account with LexaTrade can become a member of the referral program.

There are no other fees attached to deposits or withdrawals. However, once your account is open, you’ll have full access to all the forex and CFD markets you’d have access to were you to have a real money account. LexaTrade was established in 2012 and was quick to cement itself as one of the leading online trading platforms on the web. Forex and CFDs are complex instruments and involve high risk of losing money. 70-85% of retail investors lose money when trading Forex and CFDs.

While the Classic and VIP account fees are all included in the spread, if you are a trader of bigger size and the one prefer commission basis Raw Account is your choice then. The Raw account offers an interbank spread and commission paid per transaction opening which is 5$.TheInvestPLUS offers1000+ CFDs at DMA with the commission of only 0.1%. Hi Andrei Emmanuel Ibarra, thank you for taking the time to rate and share your LexaTrade Experience.

Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions. If you are looking for Forex brokers to trade currency pairs on global Forex markets LexaTrade offer over currency pairs.

LexaTrade forex brokers reviews

These users have been upset by the difficulty they faced when attempting to withdraw their funds. Some say that they faced substantial delays when trying to withdraw, some for several months.

What To Trade In LexaTrade

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. You can sign up for a demo account to acquaint yourself with LexaTrade platform. We found the customer support team at LexaTrade to be attentive, helpful and easy to contact. The team is available 24 hours a day, 5 days a week and can be reached via email, phone, live chat, WhatsApp and Telegram. Customer support is available in a variety of languages such as English, French, Italian, German, Portuguese, Spanish and Greek. Two analysts provide market coverage on the LexaTrade blog, Technical Analyst Frank Walbaum and LexaTrade Head of Investment Strategy and renowned fundamentalist Marshall Gittler. A mix of fundamental and technical analyses are uploaded daily.

I have been trading with the broker LexaTrade for only a few months, and so far, there have been no reasons to doubt his honest work. I don’t know if I will change my opinion after the first withdrawal of funds. You can receive trading signals in real-time on Telegram.

  • There are also a series of online webinars that will ensure any areas of uncertainty are soon eliminated.
  • It offers spreads from 1.1 and again, has no FX commission.
  • The Classic Account requires a minimum deposit of 100USD or its currency equivalent.
  • While trading in financial investments, losing money rapidly due to trading Binary Options is not uncommon.
  • National Futures Association NFA and BDS Markets regulated by the FSC.
  • There are no fees for higher payouts except for bank transfers.

Shares are tradable by the German Stock Exchange, American Stock Exchange, and many more on favorable terms. The spreads for these assets are always dependent on the current market from our tests and experience. Deposits are fast but withdrawals take up to 10 days after contacting support several times. Would come back to broker if they offered CAD base account currency.

Web & Desktop Trading Platforms

Traders can choose to enter the world of CFD trading or trade binary options with a choice of more than 200 underlying assets. Customers are kept well informed and provided with training material, so we have to say that LexaTrade have definitely made a great start.

LexaTrade forex brokers reviews

In addition, you will find that the customer service answers are relevant to your topic of interest and their reply is very helpful. LexaTrade offers great research tools and supports traders with unique tools to help anyone become a better trader.

Trading On LexaTrade Web Platforms And Other Applications

This broker list is sorted by the firm’s ForexBrokers.com Overall ranking. If a broker has a score less than 80, like this one, we won’t recommend it to lexatrade courses scam you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker.

LexaTrade forex brokers reviews

The final grade is given based on DBSwiss FX broker performance and features. LexaTrade Autochartist provides the world’s first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can’t remember which currency you’re taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade. MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Deposits And Withdrawals

The platform does not need to be downloaded as it is browser based and offers a variety of add-ons such as indicators and automated trading for traders to use. LexaTrade offers the most popular and widely used platform MetaTrader 4 as well as MetaTrader 5. This versatile platform fits the needs of most traders, both advanced and novice and offers vast trading tools, features and solutions for managing trader’s accounts. The platform is available in a range of languages for traders from different countries and its different versions are available for various devices such Windows, Mac, Android and iOS.

LexaTrade forex brokers reviews

The Classic Account has a minimum deposit of $100, the VIP Account $3,000 and the Raw Account $5,000. The account offers spreads from 1.5 and has no FX commission. Hey, to be honest, I’ve started trading at LexaTrade 2 years ago, and there has been a time when I traded with him quite a lot, but I have had other favorites lately. Your withdrawal will be declined if your documents are not valid or have expired, in which case you will need to update your documents before you reapply to withdraw your funds. When you sign up for an account at LexaTrade you get training materials, like ebooks and live webinars that are included in your account.

Yet in case you would like to withdraw less than the mentioned amount the broker may add on a fixed processing fee of 10$. We are very happy to hear that you are enjoying your LexaTrade Experience so far and we hope you continue to enjoy it as you grow with our Trading platform. LexaTrade offers one of the largest selections of payment methods I’ve seen at a reputable online trading platform. However, one thing I wasn’t keen on is that you do need to talk directly with a member of the customer support team in order for your demo account to be activated. LexaTrade is a professional web-based cfd trading platform, online since 2012. It is, of course, mobile friendly and there is no downloading necessary and you can easily register online and start trading.

LexaTrade forex brokers reviews

The financial products offered by mentioned companies carry a high level of risk and can result in the loss of all your funds. I’m thinking of starting to trade binary options, I quite like it.

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