There are a few exceptions to this; notably, residents of the USA, Canada, and Brazil cannot trade. I took a hiatus from LexaTrade after being chased away by high pressure sales tactics, constant phone harassment. When I went back to login to my account it’s ‘username not found’. They basically stole what was left of my money in the account and closed it down. They’ve probably allowed themselves do that in their fine print (didn’t read it) if I don’t login after a month or so, but whatever – avoid this outfit.

CFDs are complex instruments and come with a high risk of losing money rapidly due to the leverage on offer. Between 65 and 89% of retail traders lose money when trading CFDs. It is recommended that you do not invest money you cannot afford to lose in order to avoid any significant financial distress in case of loss. LexaTrade offers the MT4 and Web Trader forex trading top platform.

• Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage.
• These spreads are fixed and typically start from around 2.5 pips.
• Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
• We’ve summarised all of the different types of instruments offered by LexaTrade below, along with the instruments offered by IG and XTB for comparison.
• This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
• Furthermore, always double-check that your broker is not fraudulent or misleading to dodge losing your deposit and investments.

Having established within the industry in 2012, the broker also has been active and progressive within the sector for long enough to ensure they have become completely trusted. Whilst traders may have their own subjective opinions on other areas of the broker’s offering; trust is something that is steadfast at the core of LexaTrade and any other major broker in the industry. CySEC for the EU immediately instills a sense of trust among traders and the forex community.

Comparison Of LexaTrade With Other Brokers

Once you have logged into your LexaTrade account you will see the below trading platform options available to you. If you are looking for Forex brokers to trade currency pairs on global Forex markets LexaTrade offer over 45 currency pairs. Be aware that Different entities under LexaTrade Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client. Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have. This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. As you can see, LexaTrade’s minimum spread for trading EUR/USD is 2.7 pips – which is relatively high compared to average EUR/USD spread of 0.70 pips.

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LexaTrade was running a $25 welcome bonus program, and customer support representatives should be contacted to verify the current available bonus offer. In addition to this, upon registration, traders are assigned a dedicated account manager which attends to all trader needs that may occur. Very organized website layout, easy for traders of all levels to understand.

They give traders access to major markets like currencies, indices, commodities and shares. For traders interested in cryptocurrencies like Bitcoin, LexaTrade is one of the few brokers that also offer cryptocurrency CFDs. The demo account is loaded with $50,000 virtual money and can be utilized for 1 month. Its interface and features are very similar to that of the real account so it’s the perfect venue to practice and experiment. To make a withdrawal, traders need to submit copies of various documents like utility bills and/or credit or debit card to verify their identity and physical addresses.

LexaTrade will verify your documents in about 24 hours, but the account will be active in just thirty minutes after uploading documents. Since the broker offers a large variety of accounts to choose from, there is something for everyone. earnings on forex LexaTrade is a brokerage company offering trading services for clients since 2012 with offices in Cyprus and South Africa. They are generally well-suited for LexaTrade to provide their Forex/CFD trading services to global clients.

But provided that I did not particularly use the services of a manager and managed the capital on my own. And then I know such managers, I heard about their trading talents. There were no problems with the terminal, the support service seems to be adequate too.

Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged. Brokers that require a larger minimum deposit amount usually offer top trading platforms 2020 a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features. That said, please note that you can lose funds when trading in financial assets.

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This broker is very fast in handling withdrawal requests because they can process it within the same day. In fact, I was able to get my money back in less than a week. Adding funds into the account is not a problem because they accept credit cards and wire lexatrade cheating transfer as mode of payment. The copy trade feature allows me to set my preferred position size so I can fully maximize my profits. I can also set my desired maximum position size to protect my trades if the trader I am copying will increase his leverage.

Credit card transactions may take up to 48 hours to appear in your account and bank wires can take up to 10 business days. All profits made by our clients are always sent directly to the bank account. Depending on your country of residence, additional deposit methods may be available. LexaTrade does not accept third party deposits; this is in compliance with its Anti Money Laundering regulations. Once your withdrawal request is executed, it usually takes 2 to 5 business days for your withdrawal to be credited to your bank account, credit/debit card, or other preferred withdrawal destination. The LexaTrade mobile app enables traders to monitor their accounts, track the markets, and trade on the go. It is worth mentioning that the mobile trading app does not have as much functionality and capabilities as the desktop platform.

You can start using the MetaTrader 4 platform with LexaTrade in multiple formats including through an online web platform, Through a downloadable application for Windows PC’s and Apple Macintosh computers. LexaTrade MetaTrader 4 is compatible with the latest macOS Mojave. LexaTrade allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

A stop-loss order is an order placed with a broker like LexaTrade to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position. It’s grown by $ % in value this represents a hundred percent increase on the funds eur usd initially committed on your leverage CFD trade. LexaTrade also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move. If a market order is not fulfilled by your brokerage usually no commission is charged.

We are not responsible for incorrect or outdated information within our online trading broker reviews and you should confirm all data directly with the broker. Rates, terms, products and services on third-party websites are subject to change without notice.

I saw that some people in the reviews complain for paid training, and I think that LexaTrade is right about this. The broker’s materials are really high-quality and help you learn the basics of trading.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. All reviews of LexaTrade published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders. LexaTrade accepts deposits via wire transfer and credit card only.

Social data can be filtered and displayed in a straightforward manner, and these presentations can significantly facilitate the trading process and improve your overall trading results. LexaTrade provides traders with 1 account with which to perform all of their trading activity. Since this is an interactive social trading platform, this is all that you need. The minimum amount to fund your trading account is $250 and once you have confirmed your registration, you can begin social trading. Traders also have access to a demo trading account at LexaTrade which allows for paper trading with no real money.

CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. The LexaTrade advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. LexaTrade offers access to 20 exclusive tools which includes lexatrade reviews feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more. Andorid mobile devices and tablets are used by millions of people globally. If you are no longer using your trading account close it with the brokers customer support.

Does LexaTrade Have Fees?

Don’t use these scamming so and so’s😡😡😡Lost a lot of money and again talk you to invest in a safe trade promising a good return then bang can you invest more. Then get an email saying to close your accounts when you have lost everything. Ask for your broker to contact you via text message and then finally had to email the support team to be told I would get a phone call.

I was asked for verification documents again, so I sent them again. That is a very long time, and it is not clear why they needed my documents a second time. Since LexaTrade is a social trading platform, it places tremendous emphasis on a user-friendly interface. Traders can expect top-tier performance on all trades, starting with interactive trading sessions, easy to navigate trades and a friendly customer support section. LexaTrade’s minimum deposit is a €250 for its Standard Account, and the broker charges it’s traders commission based on the instruments they pick to trade.

You will need to check with your account manager which body you are regulated with. LexaTrade Review – Trading VideosThere are also eBooks and a glossary that contains numerous trading terms and their detailed explanations. The broker also organizes webinars, trading courses, and one-on-one training from time to time. There is also a ‘Frequently Asked Questions’ section on the broker’s website. Furthermore, while LexaTrade doesn’t charge commission fees, the same are integrated into their unusually high spread prices. There are no deposit fees either, but hefty withdrawal and inactivity fees are applicable. A common problem with scam brokers is difficult withdrawals.

Account Information

Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms. I consider LexaTrade as a platform for active trading and everything is not so bad here. At least in the first months of cooperation, I received a good income.

The social trading capabilities upon which the broker was founded and the extensive range of trading products they make available are all testaments to a user-focused broker. From a trader’s perspective, the operation is also very much streamlined. From the initial signup, you can be actively trading in minutes using either of the web-based trading platforms. This is a much more fluid, and expedited process than some brokers have in place. , and their own proprietary LexaTrade Z. Both are web-based trading platforms, with MetaTrader 4 being an already well known and received quantity in the industry. MT4 is also available on both desktop and mobile; however, LexaTrade Z is still be adapted for mobile release.