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LexaTrade Forex Broker Review

This is mostly because traders looking into different CFDs are likely to be looking for a broker that can tailor to all their CFD requirements in one place. High leverage can result in major earnings provided price moments are in your favour. While the temptation to take advantage of the high leverage is great, leverage can also result in large losses. While high leverage might seem appealing, it needs to be used wisely. LexaTrade infrastructure allows traders to achieve excellent execution speeds.

Easy Markets Pty Ltd is authorized and regulated by the Australian Securities and Investments Commission and holds an Australian Financial Services license . Before you consider trading cryptocurrencies, you may want to learn about how cryptocurrencies are mined and what experts think about them from our general guides. Find out more about precious metals from our expert guides on price, use cases, as well as how and where you can trade them. Commodity exchanges are formally recognized and regulated markeplaces where contracts are sold to traders. As for other non-trading fees, LexaTrade definitely sets itself apart by eliminating almost all unnecessary charges. That includes deposit and withdrawal fees, inactivity fees, etc. Live chat is one of the most popular ways of contacting the support team for the majority of brokers.

LexaTrade forex broker

As already communicated to you, we have analyzed your trading activity and we have sent you the profits that you made through your legitimate trades. The unauthorized deals have been cancelled and your account has been closed. The Company reserves the right to take the appropriate action where deems necessary in circumstances where the terms and conditions of this agreement have been breached. The consequences of breaching one or more of the conditions, deemed as ‘unauthorized activities’, include but it is not limited to the suspension or closure of trades. I like their fixed spread, it never changes which makes me trade easily because am aware of my trading expence even before opening any position. I hate variable spreads because sometimes they can manipulate to trigger your sl. When you trade FOREX, you aren’t necessarily buying the actual Dollars for physical Euros.

LexaTrade Vs LexaTrade

Often used by institutional traders to set up hedges against volatility. One of the most innovative tools easyMarket offers, giving you the ability to undo a losing trade within 1, 3 or 6 hours. Its underlying technology lets you trade with limited risk and unlimited potential, without margin requirements. Another condition offered as a standard feature on LexaTrade accounts, this ensures you are protected lexatrade website when you trade. Trades are executed at the rate you see, on LexaTrade platforms ensuring you will never be surprised by a spread change during volatility. Regarding technology, the broker has a state of the art analytics tools incorporating artificial intelligence, the leading technology in smart trading. The broker does not charge any deposit and credit card, and e-Wallets withdrawals have no limit.

While not ´guaranteed´ risk of gapping with LexaTrade is unlikely. Trade Simulator– This helps you forecast likely profit and loss expectations using proven strategies. Stealth Orders – Used to hide your pending orders so other traders cannot copy your trading. Correlation Trader – to assist traders with finding similarities and differences between different markets. Offered by most brokers which means there low barriers to switching to other brokers using the same platform. LexaTrade also offer another common platform in cTrader while LexaTrade offer their custom platform which called ‘LexaTrade’.

LexaTrade forex broker

The range of account types and advanced software features are also great benefit available to all LexaTrade clients, which is worth consideration. Next up, it’s time to move on to the next chapter of our LexaTrade broker review, which is the available payment methods for deposits and withdrawals. There are five necessities for online trading in the Foreign Exchange Currency Market . They are, in no specific order, an internet-enabled device, trading funds, trading education, a Forex broker, and finally, trading software. Trading software is typically referred to as a “trading platform,” and there are options aplenty. We will examine this forex trading platform in more depth in this piece. Risk Warning – Trading CFDS, FX and Cryptocurrencies involves a high degree of risk.

LexaTrade Other Commodities Spreads

Demo accounts come pre-loaded with £10,000 in virtual funds, which can be traded in much the same manner as real funds. There are no restrictions on the demo account, and the idea is to provide users with as accurate an experience of how the real thing works. Users can also elect to use bank transfers for deposits and withdrawals, although these could take up to three working days.

Both platforms are available as a dedicated LexaTrade mobile app for iOS and Android enabled devices, which covers a majority of the smartphone and tablet market. LexaTrade does have a reliable and high-speed trading experience, which is backed by guaranteed order execution policies on both trading platforms. The LexaTrade Forex company is seated in Cyprus, one of the main European Forex centers. Cyprus has become a nest for many Forex companies since it is still a tax haven and red tape is reduced to a minimum when it comes to registration. LexaTrade took these benefits to their advantage and manage their large client-base from this attractive destination. As CySEC is one of the best-known authorities on Forex business conduct, not only in Cyprus but in all of Europe, LexaTrade decided to get a CySEC license.

  • As we have found out, there are six different asset classes available on this platform, and they’re accompanied by some of the most impressive numbers.
  • As with deposits, LexaTrade offers a variety of ways to withdraw money.
  • As LexaTrade is a broker using ECN pricing so they charge a commission when you buy and sell (i.e. $7 round trip) your trades.
  • To give an overall view of how cheap or expensive NAGA.com and LexaTrade are, we first considered the common fees on Standard Accounts.
  • Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.
  • The consequences of breaching one or more of the conditions, deemed as ‘unauthorized activities’, include but it is not limited to the suspension or closure of trades.

Overall, LexaTrade review shows a brokerage company with a long operational history and absolutely fair and transparent trading conditions. Even though, the LexaTrade are even proud to be a market making broker since they ensure the stable trading conditions to their client under any market conditions and even extreme volatility.

These are available for free; all you have to do is have a sign up with LexaTrade. No matter what investments happens during a trade you can rest assured that your account balance will never go below zero.

LexaTrade Cryptocurrencies Spreads

Maintaining sufficient liquid capital to cover all client deposits, potential fluctuations in the company’s currency positions and outstanding expenses. Storing all client funds in top tier, low credit risk, global banks. Please check LexaTrade official website or contact the customer support with regard to the latest information and more accurate details. If you’re an advanced or expert forex trader and looking for features such as Expert Advisors then LexaTrade may not be suitable for your needs. It’s worth noting that leverage is the difference the broker offers varies by the regulator that applies to the relevant territory.

LexaTrade forex broker

The availability of state of the art trading platform and excellent customer services makes this broker a top choice for most traders. However, the broker is not without some minor flaws such as hard to navigate website and the fact that it is only available in four languages. The VIP account and the Standard 1 account have the best pricing with the former requiring a deposit of $2500 and the latter a deposit of $250. Both accounts offer fixed spreads of 1 pip or 1.8 pips in MT4 on the EUR/USD. LexaTrade offers competitive pricing when compared to most brokers in its popularity level. The trading costs among the three major account types vary, but spreads are fixed across its standard account, Standard 1 account, and the VIP account. Just like other brokers, LexaTrade takes a fee from the spread, which is the difference between the buying price and the selling price of an instrument.

Tradeable assets aside, LexaTrade does provide its proprietary trading platform, alongside MT4, which helps it stand out from other MT4-only brokers. Also, LexaTrade finished Best in Class for Beginners in 2020, thanks to its user-friendly platform interface. All of LexaTrade unique tools and features are accessible within our trading platform. This includes a financial calendar, market news, trading charts and trading signals.

Try An LexaTrade Bonus Out For Size

Fortunately, anyone who has learned to use a computer has had the exact same sort of learning experience necessary to learn MT4. Brokers, including LexaTrade MT4 Broker, also have devoted much effort to teaching the platform, all the way from the most basic levels to some of the more powerful features. There are other reasons, but finally, lexatrade official site MT4 has a large community of users who share trading tactics and strategies of all kinds across MT 4 forums. To cater to the needs of their varied client base, LexaTrade offers a range of accounts, with a variety of benefits and spreads. Negative balance protection – This protection ensures that your account will never drop below zero.

LexaTrade forex broker

Traders have access to over 300 markets including spot trades, forwards, and options. The broker has been operating on the market for almost 20 years now, and during that time, it has garnered a lot of fame and acclaim. Currently, LexaTrade features 37 international awards, which is one main proof that this is a credible broker to trade with. Yet another useful research segment offered by LexaTrade is called Trading Central trading ideas.

Easy Markets Is Doing Easy Fraud Service Use: Livelength Of Use: 0

Client funds are segregated in separate accounts in top-tier banks and clients are registered as per investor compensation fund protocols. This means that traders who choose LexaTrade are very well-protected overall. However, it’s important to remember that not all markets are open all day, every day.

LexaTrade forex broker

Spreads for these assets are still fixed and vary between 50-2,500 pips. We were quite surprised to see that there are around 20 different metal instruments that you can trade at LexaTrade. These assets include Gold, Silver, Copper, Platinum, Palladium, and dozens more. If you are looking for alternatives to Easy Markets we have compiled a list of the top 5 brokers that are similar to Easy Markets below.

LexaTrade forex broker

This can be a bone of contention for users who want to be able to access MT5 while on-the-go but have to make do with MT4 as part of LexaTrade’ offering instead. Overall, the firm has a great reputation, particularly among those who are new to trading. LexaTrade is also known for its beginner-friendly features including a low freeze rate and deal cancellation.

During our review, we found two primary trading platforms that work for desktop and web platforms, as well as one mobile trading app for both iOS and Android smartphones. We found out that the minimum spread goes down to 3 pips for oil, whereas the maximum can go up to 200 pips for Soybean. The final instrument class we found during our LexaTrade broker review was indices. There are, in total, 15 index instruments available on the platform, which include Dow Jones, S&P 500, NASDAQ tech, and many more. There are, in total, over 200 different financial instruments you can trade at LexaTrade, and these are scattered in 6 separate categories, from FX currencies all the way to stocks and cryptocurrencies.

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