LexaTrade Review By Forex Peace Army

The company provides a reliable, quick customer support system that gets positive criticism overall. LexaTrade doesn’t allow scalping and therefore if this is your strategy, this platform isn’t for you. Scalping is a trading strategy where a client opens and closes a lot of trades within two minutes in order to limit losses, which is common with active traders, but LexaTrade doesn’t like this at all. The platform isn’t suited to all types of traders, but it has around lexatrade scam one million users, and that means the CFD platform is doing something right. We will take a look at LexaTrade’s offer in more detail soon, but first, let’s see if this company ticks the most important box – trustworthiness. The company advertises itself as “The World’s Trading Machine”, and that’s exactly what its million users are using it for. All in all, it seems that LexaTrade is a good CFD provider for many traders, but is it a good CFD provider for you?

  • Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices.
  • LexaTrade offers interesting, optimized, and easy-to-use user interface features in its mobile app; now you will be well-aware of your trading business news throughout your busy life schedule.
  • This isn’t necessarily a problem because the software is good at detecting commonly asked questions and linking to a resource in the FAQ or providing a short answer.
  • The calculation of the Spread can be conducted by subtracting the sell price from the buy price of the instrument.
  • Traders may be disappointed in the limited choice of trading platforms and tools available for trading, but LexaTrade’s support is available 24/7 via email and live chat.
  • There are no webinars, videos, tutorials, or dictionaries to explore.

To access more instruments and your account status, you must click on the ‘Menu‘ icon in the top left. The different payment options and minimum deposit amounts for your country are displayed. Select the deposit method of your choice, fill in the required information, and click ‘Submit‘. The minimum investments deposit varies according to the payment method and country of residence. You can view the current LexaTrade spreads for each instrument by clicking on the information icon on the far right next to the instrument’s name. The spread is the difference between the bid and ask price of a trade.

Deposits And Withdrawals On LexaTrade

Our personal experience of trading with LexaTrade was very good. LexaTrade customer service support multiple languages from all over the world.

LexaTrade rezension

In the sections below, you will find the most relevant fees of LexaTrade for each asset class. For example, in the case of forex and stock index trading, the most important fees are spreads, commissions and financing rates. Investor accounts lose money here broker as well if they do not take a moment to check this provider’s fee structure. LexaTrade is for the individual that seeks access to a wide range of financial markets with low trading costs and a simple, functional platform on which to place their trades.

Is LexaTrade Regulated?

Moreover, because you can export historical data, you can retroactively test your day trading strategies to see if you can apply them in the real world. DEGIRO is a broker of Dutch lexatrade scammers origin that is characterised by offering very low commissions for those who want to invest in real stocks and ETFs . This Dutch broker is not so focused on derivatives trading.

LexaTrade rezension

CFDs are a form of financial derivatives and thus take their value from an underlying package of assets – they are derivative. This will give you immediate access to the charts data for all markets. This page may contain links to our partners’ products and services, which allows us to keep our website sustainable. This means that techjury.net may receive a compensation when you sign up and / or purchase a product or a service using our links. However, all opinions expressed in this article are solely ours, and this content is in no way provided or influenced by any of our partners. LexaTrade is a regulated broker in several countries and is listed on the London Stock Exchange, so its accounts are public. LexaTrade users can also trade 2 CFDs on sector indices such as the NYSE FANG+ Index and the Real Estate Giants Index .

LexaTrade Minimum Deposit

LexaTrade offers a wide variety of payment methods such as debit cards and credit cards, e-wallets (PayPal, and bank transfers, with no deposit fees. The minimum deposit is $100 for debit/credit cards and electronic wallets and $300 for bank transfers. On the other hand, the minimum withdrawal amount via PayPal is $50 and for bank transfers and credit/debit cards is $100.

LexaTrade rezension

However, the real question is how does it compare with other brokers? For the purpose of the review, we will compare the platform to two others — Coinbase and XTB. The MT4 platform can also be downloaded on your mobile phone. Alternatively, you can download the LexaTrade app and access the trading space through it. Trading on-the-go will be as convenient as trading comfortably sitting at your desk. Next, the platform is available in 30 languages, which is why it can serve users from around the world.

Platform Fees & Limits

This kind of design is incredibly handy since you can access almost everything you want without leaving the main platform window. For a deeper look into LexaTrade’s prices, it’s best to look at their website, which has listed current prices for all investment types like crypto, for example. Then, you must have a sizable portfolio of €500,000 or more, which includes financial instruments and cash savings. The CFD provider can block your account if it looks to them like you were using scalping. You should definitely look for alternatives if you are a trader who uses this strategy. Clients from certain areas get money protection, which means they are guaranteed a refund if their money is lost due to LexaTrade’s bankruptcy or any such event.

LexaTrade rezension

They don’t have the largest variety, only 8 CFDs, but it’s possible to trade CFDs of cryptos such as Bitcoin, Ethereum, Litecoin or Stellar. As a curiosity, there is also an Ethereum / Bitcoin pair to trade with – availability subject to regulation. It does, however, have a lot of markets and different CFD available.

Limited analysis tools and charting features have been some of the main points of criticism against the LexaTrade trading platform. However, the broker introduced some improvements as part of WebTrader’s September 2020 update. A guaranteed stop order comes at the price of a wider spread . The checkbox will only appear if an instrument supports this order. The LexaTrade policy is to return funds only to the source from where they originated. Here is a breakdown of spreads and fees that traders may be charged when trading with LexaTrade.

However, keep in mind that customer support in your country may not be available in every format or in all the languages the LexaTrade website and trading platform is available in. LexaTrade is a regulated online broker with a platform for trading contracts-for-difference on commodities, ETFs, forex, indices, options, and shares. Plus 500 offers push notifications based on market events, alerts on price movements, and changes in its in-house trader sentiment indicator. These tools can come in quite handy as traders may use them to assist in their decision-making process.

Investors can now view multiple charts on a single screen, allowing them to compare assets over different timelines or analyse correlated assets. This is quite an impressive and user-friendly tool and can support up to nine individual charts on a single page. The WebTrader platform’s highpoint is the optimized solutions it offers for proper charting with more than 100 technical indicators and the facility to save chart templates. There are also 21 drawing tools in the charts that go a long way to assist investors in technical analysis. LexaTrade review shows that it acts as principal and covers its exposure with its primary company. This assists in eliminating market risk and minimizing losses. Though it has regulatory licenses from authorities in the Asia-Pacific region and Europe, LexaTrade does not offer any additional deposit insurance, being restricted to what is laid down in law.

Platform & Features

LexaTrade’s educational materials include a set of Trader’s Guides covering topics such as ‘What is CFD Trading,’ ‘Slippage When opening a Position,’ and more. It also provides a set of ‘how-to’ videos to learn more about online trading with LexaTrade’s platform. All videos are accompanied by an article on the respective topic. LexaTrade also recently launched a detailed 28-page eBook covering all aspects of CFD trading that traders will find helpful. Unlike most CFD providers, LexaTrade only offers its proprietary trading platform.

CFDs are financial products that have a high money-losing risk, which can happen quickly because of leverage. Investors from the United States and Canada can’t use its services. However, the company continues to push, and it’s likely a US exchange in some form will launch soon. Free demo account lets you test your mettle without spending any real funds. In addition, this economic calendar has an indicator that shows the expected intensity of these announcements, and which instruments are likely to be affected. This makes it easier to organise trades and define trading strategies. In addition to CFDs on shares, it’s also possible to trade ETF CFDs.

LexaTrade rezension

Educational materials, and even security measures to help newcomers. This helps them learn but also keeps them safe from risking funds they cannot afford. US users will have to wait a little longer before they can join the fun, though. Fees currency exchange are low, there’s a respectable amount of leverage, and security has not seen a major breach since launching in 2008. You also need to disclose which country you pay your taxes in and confirm you’re not a resident of the United States.

LexaTrade rezension

According to saferinvestor, as of July 2021, only UK and CySec regulators offer any form of funds protection in case of broker insolvency. If you are regulated in the UK by The FCA you will fall under the purview of The Financial Services Compensation Scheme and have 100% deposit protection up to £85,000. CySec regulated brokers offer a guarantee of funds of 90% of remaining deposit up to €20,000 in case of liquidation of the firm. As is standard practice for all regulated brokers, you will need to open a brokerage account with LexaTrade to trade CFD derivatives. This can be done through the main site or by downloading the mobile trading app from either the App Store or the Google Play Store depending on your mobile device.

LexaTrade has also jumped on the cryptocurrency bandwagon, and it’s possible to trade cryptocurrency CFDs. At LexaTrade you can find indices of all kinds, such as country indices (e.g. Germany 30, USA 500, Italy 40, Europe 50 or Spain 35).

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