LexaTrade Review 2021

We are certain that the transfers are accepted in a variety of currencies but please contact customer support if you are not sure whether your currency is accepted. Trading is very simple, you will have the asset list on the left side of the screen, the charts where you can buy and sell assets on the right side and the trading history on the bottom.

Its users are given access to their charts and all tools for real-time trading. The Standard account is suitable for clients who do not have any experience in the trading markets.

It was also the Best Forex Broker 2017 at Tapei International FinanceWord Forum FinanceWord. This means that every LexaTrade client referral case leads to gains. Every closed deal euro dollar forecast from your referral leads to a commission. Commission payments are instant without hidden charges or fees. This allows partners to earn rebates for clients they refer.

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.

  • Our review of LexaTrade shows, that clients are given the classic MT4 trading platform.
  • This review covers everything from the Metatrader 4 trading platform, to account safety and security.
  • Similarly to stock index and stock CFDs, the fees are built into the spreads.
  • There currently are webinars available in English, Spanish and German.
  • The company doesn’t disclose financial information and isn’t listed on any exchanges.
  • This selection is not the best on the market, lagging behind that of competitors including XM.

Commodity trading is a method of investing that involves the international trading of primary goods, and is one of the main foundations of the global trading system. LexaTrade MT4 provides trading secrecy which gives the trader an equal playing field. LexaTrade’s STP now enables traders to execute their orders directly with sources of liquidity or primarily Interbank participants. LexaTrade’s job is to pass on the orders of the clients to the liquidity provider immediately upon receive of the said order.

How Does LexaTrade Protect Client Funds?

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 traders with minimum deposit of $5,000. LexaTrade comes equipped with a sensational mobile app to ensure you never miss a trading opportunity, regardless of where you are in the world.

LexaTrade forex broker

The main drawback of using LexaTrade UK is that there are no bonuses offered. Traders learn where to take profit orders, where to place stop-loss orders, and how to manage leverage to their best advantage. The MT4 iPhone app includes the most useful features, such as customizable indicators and EAs, and the same applies for the Android application. Both mobile versions have the full functionality that users can enjoy with the other versions. Multi-language support is available 24/5 and real-time information is included that helps the user with the decision-making process. 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.

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The courses include subject matter on MetaTrader 4, economics, cryptocurrencies, social trading, trading strategies, and capital management. These sessions allow the client to put questions on strategy and trading directly to a market expert who has years of trading experience. Users will also have the opportunity to create a unique trading plan to suit their goals and requirements, with advanced risk and money management protocols in place. There are no deals, promotions, or bonuses offered by the company, because bonuses are prohibited by the FCA. However, LexaTrade UK does offer various educational services to its clients.

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. For starters, we have the LexaTrade Demo Account, which gives traders a risk-free way to put the trading https://lexatrade.biz/en/ platforms and trading conditions to the test. Demo Accounts come loaded with some $100,000 in virtual money. The firm does not charge commissions to traders and offers highly competitive spreads, reducing the costs associated with opening and trading positions.

LexaTrade Professional Clients

Information about these assets are also regularly updated, which means that users can trust that the information currency exchange they get is up-to-date. LexaTrade’s main platform offering is MetaTrader4, which is available in both web and mobile.

LexaTrade UK also offers a mobile application, giving users the convenience of trading while on-the-go. Clients also enjoy 24/5 customer service from a team of experienced experts. Account opening is quick and easy, enabling users to begin trading immediately, and there is a free demo account too for those who want to undertake system and strategy testing. AFTX provides super-fast deposit and withdrawal payment systems to further enhance its slick operation.

FCA bans the sale of crypto-derivatives to UK retail consumers from 6 January 2021. The platform’s search functions are OK.You can find assets grouped into categories. At the same time, we missed the usual search function Electronic trading platform where you can type in an asset’s name manually. On the flip side, the platformfeels outdatedand some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist.

LexaTrade forex broker

The company’s terms on spreads make them one of the most competitive platforms available for traders who like to use this trading medium. The company’s Trading Central facility is a top-tier technical analysis resource that’s available for its clients. Trading Central is well-respected among professional traders worldwide, conducting research for over 200 investment banks, brokers, fund managers, and professional lexatrade website dealers. LexaTrade are an award winning online broker offering Forex trading, CFDs and spread betting. This review covers everything from the Metatrader 4 trading platform, to account safety and security. LexaTrade offers four account types, which differ in the required minimum deposit, pricing, leverage, and the availability of additional services. LexaTrade offers the MT4 mobile app available on the App Store and Google Play.

MT4 has a wide variety of analytical tools and gives it users the capability of adding indicators, oscillators, and setting trading strategies. Our review of LexaTrade shows, that clients are given the classic MT4 trading platform.

Who Is LexaTrade?

The whole process should take between ten and fifteen minutes. Overall, LexaTrade does not charge any deposit and withdrawal fees and offers a fair selection of payment methods. After you’ve created your account you can move on to the deposit page to place funds in your account and start live trading. You will have to deposit at least $200 to be allowed to start trading. LexaTrade offers a variety of two account types – the Standard account and the Edge account. Here are some of the main differences between the two accounts.

LexaTrade forex broker

LexaTrade was established in 2017 and headquartered in London, United Kingdom. LexaTrade’s arm in the United Kingdom has over 1,200 clients and EUR 7.5 millions’ worth of client scammed by lexatrade funds. LexaTrade constantly strives to provide its clients the best online trading experience, through its cutting-edge technology, excellent service and prompt support.

Customer Service

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. To add to the protections in the unlikely event of insolvency, AT Global Markets Limited clients have FSCS coverage. The Financial Services Compensation Scheme is https://lexatrade.biz/en/ available to clients in organizations regulated by the FCA. The scheme comes into play in the rare case that LexaTrade cannot satisfy its repayment claims. In this situation, the FSCS provides as much as £50,000 in compensation per person for eligible investments. In addition to the daily market reports, LexaTrade also offers Fundamental Commentary.

This firm is regulated by the Cyprus Securities and Exchange Commission . LexaTrade has different trading accounts to choose from and it has low trading costs. ScamBroker.com is a reviews website, and does not offer investment advice or services. Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website. We may receive compensation from the companies we write about.