Users can access CFDs products on the commission-free Classic Account with spreads from 1.6 pips, or the commission-based Pro and VIP Account lexatrade scammers with spreads from 0 pips. LexaTrade offers multilingual client service support via Telephone, Email, Online Contact Form and Live Chat.
Taking part on the offer will let you test the potential of dealing with the company with no risk for your own funds. The bonus may be used just once, you also can create just one query for transfer of funds from the bonus trading. Ask your account manager about the criteria of taking part on the offer. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.
Introduction About LexaTrade:
The company is also active on their TradingView Pro account where analysts are continually marking up charts. Traders can open an account in the Client Area, efficiently and securely. Traders have access to one-click functionality to open and close trades, employ effective risk management, and access exceptional charting capabilities. Users can easily program indicators and Expert Advisors to trade the Forex market 24/5 with no intervention needed from their side. The company’s Zero Fees policy means that LexaTrade will reimburse traders for any fees charged up to 100 USD. The Pro account is available with as little as a $100 deposit. The company provides one of the industry’s fastest execution times – 0.15s on average and no re-quotes.
LexaTrade is a non-dealing desk broker, which has a similarity to an ECN broker. The difference between NDD and ECN is that the broker still earnings on forex sits between the market and clients. Invest in falling or rising prices and secure the position with a stop loss and take profit.
Furthermore, the broker shines with many different awards in the industry and allows his traders to pursue any trading strategies. Are you looking for real experiences and a critical test for the LexaTrade broker? As traders with more than 9 years of experience in the financial markets, we have tested the provider in detail for you with real money. Learn more about the conditions and seriousness of the broker. Is it really worth it to invest in Forex Broker LexaTrade money or not?
Please Rate This Forex Broker
They should also take note of every risk warning put forward to them. With the world’s cheapest fees, the broker is currently topping any competitor. The trading experience is unique with this broker and you save a lot of money on the order execution. For every trader who trades forex, this is the right provider. The free demo account of LexaTrade is perfect for beginners or experienced traders. Traders can trade the markets with virtual assets and simulate real trading. Experienced traders learn new strategies or test new markets.
From our experience, the broker employs international employees who exclusively look after every customer. Daily several trillions of dollars are being transacted in this market. That is why it is also highly liquid and interesting for beginners and experienced traders. This is a huge advantage for those who are looking for an exotic currency pair for trading. For currencies, you can bet on falling or rising prices.
Be sure to test the demo account before making your first deposit. They are leveraged derivatives that can be traded on a variety of values. For the opening of a CFD trade, you do not buy directly the underlying asset, but only the contract to that value.
The offer is quite manageable and the LexaTrade tries to specialize with its offer on currencies . CFDs are also available for commodities, government bonds, or stock indices. Individual shares cannot be traded on this broker, so here’s a small smear in the rating that must be made. According to the website, LexaTrade should provide an excellent trading experience with the cheapest spreads and commissions, which we will take a closer look at in the following test.
The broker also provides a detailed FAQ section for help. NFP Machine – This is a promotion on who can guess the NFP figure and market price of a chosen asset class. This could result in $500 added to your trading account, or if it’s a close prediction a $200 prize.
LexaTrade Vs Other Brokers
You always get a direct and immediate execution at the best prices. In addition, LexaTrade offers education material and webinars for its clients. In addition, use free indicators, which are adjustable for your personal strategy. The Metatrader comes with a lot of tools after installation. If you do not have enough, you can add additional tools to Metatrader 4.
- The typical spread in the EUR/USD is only 0.00 – 0.01 pips small and the commission is a maximum of $ 2 per traded $ 100,000 in the pro account.
- Many smaller brokers with no license and experience sometimes handle money incorrectly.
- It offers a conducive trading environment and users do not have to incur any transaction cost.
- As mentioned above you can rent a VPS server very cheaply.
- Industry experts consider this trading platform as an “average-risk” and not a high-risk broker.
- High-volume traders or companies can open a VIP account.
Promote LexaTrade’s services to customers who want to open an account, attract them to open an account, and start trading with LexaTrade. Funds can be deposited into a trading account via debit or credit card, bank wire transfer, Neteller, Skrill, DotPay, PaySafeCard, Sofort, Rapid and PayPal. Autochartist MT4 Plugin and web application which is an advanced chart pattern recognition tool highlighting actionable trading opportunities. The CQG Mobile trader app offers advanced features for $25 per month as a stand-alone, or free with any other package. The MetaTrader 4 mobile trading app is covered in more detail in the video review. Trading costs such as spreads, commissions and overnight funding rates vary depending on the instrument being traded and type of account opened but are covered in more detail further down this review. The terms & conditions of this bonus are similar to those of live Pro account.
How To Open Your Free LexaTrade Account:
There are roughly two types of analytical methods for reading market movements which are “technical analysis” and “fundamental analysis.”. LexaTrade’s Economic Calendar shows the list of important market and political events, and the calendar includes the date, time, the main affected FX currency, name of the event, forecast and the importance.
Control your accounts, manage your funds and access new functionality to make your trading experience enjoyable. You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any currency or spot metals trade. Nothing in this site should be read or construed as constituting advice on the part of LexaTrade or any of its affiliates, directors, officers or employees.
Conclusion Of Our Review: LexaTrade Is One Of The Best Forex Brokers
Please ensure you fully understand the risks and take appropriate care to manage your risk. Before deciding to trade Contracts lexatrade scammers for Difference , you should carefully consider your trading objectives, level of experience, and risk appetite.
If your trading account is in U.S. dollars, then your withdrawal will be processed in U.S. dollars. MT4 is widely recognised as the world’s favorite Forex trading platform. It offers an easy-to-use user interface, enhanced charting functionality, indicators and supports MQL language. So, you can easily program indicators and Expert Advisors to trade the Forex market 24/5 with no intervention needed from your side. In our experience, the process of fund deposit or withdrawal is instantaneous. LexaTrade broker does not take extra time to transact funds.
However, LexaTrade Broker does not provide any support in Bengali. However, the broker’s support team is very helpful, you will get their services in case of any problem. This broker provides the facility of this surrogate account to provide the security of the client’s fund. So, for real trading, you can deposit this broker fund without any fear. For example, a trader may see other traders’ portfolios, track their overall performance, and have a better understanding of their trading strategies. It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose.
The execution time of this broker is “Super Fast” in one word. No extra time will be required when accepting or closing any entry. In other words, it can accept any entry, even if the movement of the market is so much volatile. Also, this broker is regulated by BaFIN ; CONSOB ; ACPR ; Registered and managed by the Regulatory Committee of CNMV . For more details on this please visit the official website of the broker – The easiest way to find out if any broker is good or bad is to know about the broker’s regulation and support system.
This commission pricing and structure is an industry-standard and is in line with what other STP brokers offer clients for the same services. All accounts at LexaTrade offer STP market executed trades in 0.1 seconds on 62 currency pairs in addition to CFDs on stock indices, metals, and bonds, without any dealing desk interference. Built by traders for traders, the company’s team members have a trading experience that spans back to the 80s and have successfully traded on all major financial markets from Asia to North America.