LexaTrade Review Is A Scam Or Legit Forex Broker
Traders will need to decide which merchant they wish to use for funding and then check which broker offers their service. A ‘First Deposit’ bonus is on offer to where the initial deposit upon opening an account is $100 or greater. This bonus is percentage based and this percentage varies by how much is deposited. To claim the bonus, the relationship manager will need to be contacted. The educational service is a part of the offering too, while the traders of any level can find some useful information and perform even better trading. Moreover, the broker is extremely awarded one, for the year of their operation, 37 awards were received for excellence in service, trust and built-in technology.
The choice of the platform goes to an award-winning LexaTrade intuitive platform based on Web, thus, does not require installation while is adjusted to the computer’s system. Equipped with a suite of comprehensive tools to support trading along with the tailored by the LexaTrade powerful trading conditions it is a good option to trade. Therefore, and as a part of its commitment to its clients, LexaTrade has lexatrade reviews always remained transparent, trusted and regulated financial service provider. The regulatory commitment requires the utmost level of security in various ways and includes clients’ safety of funds to assure integrity and safe performance. The minimum deposit at LexaTrade for European and VIP traders is €/$/£100. Traders outside Europe with a standard account are required to deposit a minimum of €/$/£200.
Likewise, the guaranteed stop loss that we offer on our web platform helps you control your risk on every trade so you never lose more capital than willing to risk. Easy Markets offers the LexaTrade platform and MetaTrader 4 forex trading top platform. 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. Besides desktop and web-based trading platforms, LexaTrade also allows its clients to trade on their mobile devices.
Start Your Trading Journey With An Award Winning Broker
Test your skills, knowledge and abilities risk free with LexaTrade demo account. Authorised and regulated by Cyprus Securities and Exchange Commission in the Republic of Cyprus at 19 Diagorou lexatrade courses scam Str. Deemed authorised by the Prudential Regulation Authority and is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority.
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. 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.
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. Initial deposits qualify for a maximum LexaTrade bonus of 50% for a maximum amount of $2000. Other bonuses include refer-a-friend bonus and affiliate programs that are designed to promote the broker’s services through introducing brokers and affiliates.
LexaTrade Metal Spreads
This communication allows for faster responses that are still very thorough and helpful. Among these features, the most notable ones are interactive trading charts, trusted news reports, dealCancellation, and many more. This next section found during our LexaTrade review lists all of the major economic indicators and explains their importance in trading. This list includes High, Medium, and Low impact indicators that you can use for fundamental analysis. Moving on, let’s see what the execution policy at LexaTrade is and how quickly your trades will be placed here. This is no less important discussion point and can certainly say a lot about the professionalism of the given broker.
- However, one thing the app doesn’t offer is the sort of enhanced functionality which MT5 offers.
- After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that LexaTrade is the better of the two.
- The broker’s website features a pretty extensive Market Analysis section that comprises of different research tools and methods.
- On our platform, we provide fixed spreads which never change regardless the market volatility and you always know the spread you are paying before opening a deal.
- The incentive to choose an account with a higher minimum deposit is lower fixed spreads and a personal account manager.
- So far, given their licenses, LexaTrade deserves the trust of its clients.
On top of Forex trading, LexaTrade provides a wide range of products to include derivatives and CFDs in commodities, indices, and cryptocurrencies. We believe LexaTrade are the better broker when it comes to CFDs.
Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Hundreds of thousands of traders trust us as their Broker, and we are licensed by four major regulatory bodies ASIC, CySEC, FSAS and BVI. As LexaTrade has 200+ and NAGA.com has 950+, a difference of 750, this shows that LexaTrade offers more opportunities to diversify your trading portfolio. Considering these two factors, and the general reputation and history of both brokers, we believe that LexaTrade is the safer broker. In order to decide how safe our top-rated brokers are, our experts look at a number of factors.
The broker will try to exit you at your stop loss, but if they can’t exit you, you bear the loss. 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.
Can LexaTrade Mt4 Broker Be Used On Tablets And Phones?
As a newbie you will most likely lose money with them, so start small and use it to gain experience in a relatively safe environment. Though once you find your footing and are confident enough to deal with the uncertainties of trading, there are places to go that offer much cheaper trading environments. Beyond a watch list , news, charts, sentiment indicator, and a few other tools, the LexaTrade trading platform is otherwise light. The clean and simplicity focused platform design does well in keeping users focused on trading, although it will not be enough to satisfy more demanding traders. We never adjust our trading conditions in response to market volatility.
Because Forex is a leveraged financial instrument it can be risky. Always practice healthy risk management when trading leveraged products, including calculating and adhering to your risk/reward ratio, strategy and investment goals. Buying and Selling a pair depends on the market conditions of their currency. For example a negative announcement from the European Central Bank, could cause the euro to drop significantly against the dollar. So, a trader would likely sell the pair EUR/USD meaning they sell EUR and buy USD in the hope that it will gain over the EUR due to the announcement. Great for traders that use technical analysis to find enter and exit levels.
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74% of retail investor accounts lose money when trading CFDs with this provider. On top of being highly regulated, LexaTrade has proven to be an industry leader in the field of Forex and CFD trading.
One key feature is the Learn Centre, a platform where traders can access learning resources such as educational videos, eBooks, articles, and others. stock market An FAQ page is also available to help the traders to quickly get information on the burning questions asked by new and experienced traders.
They also vary by account type, and the geographic location of the trader. Choice of account type can affect the spreads too, though the accounts available to each trader will depend on their geographic location. Trading costs can vary dependent on the type of account the user opts for, and spreads are fixed across both the web platform and MT4. Further, they provide access to multiple markets such as, forex, indices, commodities, metals, shares, cryptocurrencies.
You got 60 minutes to use it but you pay anyway so you might as well use it once you activate. I use it for a lot of my trades now because it is cheap and saves me a lot- its a kind of an insurancealso you can add with stoploss if you still worried. Get rewards for every referral that registers and trades a certain volume. This is a great type of plan for people that have outlets and channels related to the financial markets, economics or Forex. The LexaTrade Forex broker does not charge any fees for depositing and withdrawing money.