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LexaTrade focus on products such as indices, metals, commodities as well as currency trading. Registration of an account is a simple process and once account is approved you can deposit and trade on the MT4 platform. 2 types of account are offered by LexaTrade, Standard account with minimum deposit $100 and a more advanced EDGE Account for the more experienced lexatrade cheating traders with minimum deposit of $5,000. The customer service center at LexaTrade can be reached in a number of ways to resolve any queries or requests you might have pertaining to your trading account. You can either contact them via a live chat facility, by sending a quick email, or by giving them a call on a wide range of numbers listed on the site.

72% of retail investor accounts lose money when trading CFDs/Spread betting with this provider. In addition, LexaTrade retail clients are afforded additional protection by the FSCS up to GBP 50,000. The broker offers fees free deposit but you have to pay if you deposit https://lexatrade.name/en/ more than US $1,000 with local banks. All deposit methods are available to instant deposit without the local bank, it can take up to 3-7 business days. Through LexaTrade, traders can access the most popular and most valuable digital coins, such as BTC, ETH, and LTC.

  • Indices can be traded too, with 15 variations of share indices available from the US, Europe, and Asia.
  • Pending order options include Buy Limit, Buy Stop, Sell Stop, and Sell Limit.
  • All contents on this site is for informational purposes only and does not constitute financial advice.
  • LexaTrade is the brand used by branches of global financial group AT Group that provide CFD/forex trading services.
  • The Edge account will require a minimum deposit of $5,000 and will offer a minimum spread of 0.4 pips on currency pairs, such as EUR/USD, along with a commission fee of $6 for every lot.
  • Category includes options such as central banks, balance, economic activity, inflation, bonds, and more.

LexaTrade acts in an agency facility as contrasted to operating a dealing desk or trading against clients. to the client which most investors find advantageous as this will allow them to trade eur usd by the release of financial news without restrictions. The LexaTrade educational programme is aimed at making sure clients have all the resources they need to make informed trading decisions.

MT4 is a highly popular trading platform and it has the most efficient trading instruments that are very useful when it comes to Forex trading. Traders can download MT4 for Windows, Apple Store, and Google Play. LexaTrade offers its clients access to a competitively priced trading environment.

This particular version of MT4 is designed for convenience. It even incorporates real-time information, so traders can make their decisions with all the available information. It also includes the full flexibility of the Desktop platform plus advanced charting. LexaTrade offers a list of default leverages for clients in its Trading FAQ section. For convenience, LexaTrade offers an updated list of trading conditions for each individual asset. These are divided by category, such as forex majors, minors, and exotics. Other categories include metals, oil, indices, cryptos, and shares.

Safest Forest Brokers 2020

The execution, the maximum leverage and the margin call are the same as with the Standard account. Interestingly, the negative balance protection and the free trading tools deal stands for both accounts as well. The corporate entity behind the Forex/CFD brokerage is LexaTrade Global Markets Ltd, which is based in Cyprus, at Silver House, 19 Spyrou Kyprianou Avenue, Ground Floor, 3070, Limassol. The company is a registered and regulated investment services firm. Its registration number is HE and its CySEC license number is 285/15. It is also said to be fully MiFID compliant, which means that it is allowed to sell its services in all the countries of the European Economic Area. With LexaTrade trading, such scenarios are not really likely though, as the operation is well funded and it features superb liquidity.

This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement. In the rare case of an unresolved complaint, clients can sometimes refer to the FOS. This independent body has the purpose of investigating complaints made against regulated firms. The FOS will investigate your complaint and deliver a response. For the best results and least hassle, LexaTrade suggests only contacting the FOS following a final response from LexaTrade. LexaTrade also has its own self-developed accounting system which is automatic.

Thankfully, the STP mode will enable brokers to interact with all liquidity providers to establish the most competitive ask and bid price for traders. A high volume of transactions will stimulate liquidity providers lexatrade reviews to provide advanced leverages to execute the orders of clients in a fast and reliable manner. STP offers the best trading environment for all traders with effective liquidity between receivers and price providers.

Currency Trading

MT4 comes in 3 versions, covering Windows, iOS and Android compatibility. All three versions carry all the capabilities of the Windows-based platform.

As far as the Spot Forex offer is concerned, LexaTrade boasts great order execution, attractive leverage, and a superb client portal for account management – among other things. Some reviewers say their spreads are not quite tight enough, and it’s true that spreads seem to be above average, compared to competitors. There are also allegations that the site does not offer a choice of trading platforms, but we found that simply does not hold water. Having proclaimed itself aForex brokerand CFD brokerage, LexaTrade features a fairly standard product selection for this industry. The company offers over 200 financial instruments to trade with, including a range of forex pairs, and CFDs in indices, commodities, cryptocurrencies, and shares.

LexaTrade forex broker

Pending orders are triggered, transacted, and executed as a market order, and occurs when the market price reaches the set point. For user convenience, the site provides an up-to-date list of the trading conditions for every individual asset, which are categorized such as exotics, minors, majors, and Forex majors.

LexaTrade Complaints

Trading Stocks allows you to access global markets from the comfort of your own trading platform. Founded in 2017, LexaTrade is a specialist in online trading and investment, offering access to world markets via its award-winning, state-of-the-art trading platforms. The broker offers award-winning customer support, having won the Best Customer Service award from ADVFN in 2019.

LexaTrade forex broker

MT4 allows users to set stop-loss limit orders and balance protection. LexaTrade UK offers Forex trading across 43 different Forex trading pairs and is constantly reviewing its product range.

Edge Accounts

In the case of profits on trades from deposits made with a card, the extra funds will go to a bank account. You must also fully verify your LexaTrade account before you can withdraw funds. Professional client classification is also available Electronic trading platform from LexaTrade. Professional clients do not have to deal with the margin increases from the ESMA changes in 2018. The European Securities and Markets Authority restricted certain products for retail clients starting Aug. 1, 2018.

Switzerland and the Middle East also have access to LexaTrade via CySEC regulation. LexaTrade is also regulated in the Middle East and North America. The main offices earnings on forex of this company are located in London, United Kingdom. Market analysis and account management features can also be used through the web interface.

LexaTrade forex broker

Moreover, this broker focuses on webinars.The webinars are free to LexaTrade clients but it requires registration. Traders could also find a wide variety of tools built directly into the MT4 platform. A Standard account offers higher spreads with no commission fees. Meanwhile, the spreads are much better for an Edge account but a client needs to pay for commission fees. Trading Central is a popular software that many brokers offer their clients. Investors use their trade alerts to come up with new investment ideas. Many stock market investors use a website like StockTwits for trade ideas.

As part of its FCA regulation and authorization, LexaTrade follows the agency’s strict regulatory requirements. These include the fair treatment of clients and the protection of client money. The broker also makes the process of opening accounts quick and easy, allowing for trading right away and also provides a free demo account for testing the system. LexaTrade is a European broker fully regulated by important financial services regulatory authorities such as the FCA of the United Kingdom.

For example, it took us a while to figure out how to add an asset to the watchlist. LexaTrade’s web platform is highly customizable.You can easily change the size and the position of the tabs. We tested credit card withdrawal and it took 2 business days. for the Standard account, but higher for other account types. I really enjoyed your website, searching for the best broker for my wishes. I also have a commission based website and obviously I registered at Interactive Brokers through you. Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field.

Social Trading

Just like on the web trading platform, you can choose from many languages on the mobile trading platform as well. Changing the language is a bit tricky on Android devices, though. You can do it only if you change the default language of your mobile. You https://lexatrade.name/en/ can’t set alerts and notifications on the LexaTrade web platform. This feature is available only on the desktop trading platform. You can only withdraw money to accounts that are in your name. It charges no account, inactivity, deposit, or withdrawal fees.

This broker offers trading for a range of assets, including forex, CFDs, and commodities. There are several types of accounts available, including for Professional Clients. Through the STP execution model, the broker can cooperate with all liquidity providers to establish the most competitive Bid and Ask prices for customers. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information.

The minimum deposit at LexaTrade is $100, and traders simply need to choose their preferred deposit method, enter the amount they wish to deposit and click on “Deposit”. The LexaTrade brand impresses with a significant range of features to enrich the overall functionality of the site. One of the most notable LexaTrade features is the fact that they offer competitive spreads, decent liquidity, limited restrictions on trading, and a wide variety of markets. Traders will also be pleased to know that scalping is available on the site as well as automated trading. The company strive to keep things as simple as possible which means you won’t find all the bells and whistles that are usually touted within the financial industry. Instead, the company emphasises their goals quite modestly by providing competitive pricing. Transparency is another attractive feature at LexaTrade thanks to a no dealing desk.

To be involved in the community, LexaTrade sponsors some events. This includes The Duke of Edinburgh Cup, the China Event 2018. LexaTrade chose to sponsor this particular event since it began in the UK and is promoted in regions worldwide. Additionally, the Duke of Edinburgh Cup is a known charity that has Royal Patronage. This lines up with the philosophy of LexaTrade, which further encouraged the broker to sponsor the event. This particular event is long-standing, with 18 years of events. Over 20 countries from five continents have participated and there have been over 134 tournaments.

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