The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business. This website does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. LexaTrade has specialty education guides that provide traders with relevant information to start trading forex and CFDs online. Each unique learning guide is easy-to-read for traders at every experience level. There is also a glossary of trading terminology on their ‘Learn the Lingo’ page.
LexaTrade has an excellent reputation for being a safe, secure, and fair online trading brokerage. The broker works diligently to provide their clients with the highest level of security and take various steps to do this, see them below. BrokerChooser is free for everyone, lexatrade website but earns a commission from some of the brokers. Our recommendations and rankings are based on our methodology, independent from partnerships we have. Please use our link to open your account so that we can continue to provide broker reviews for free.
The same or almost the same requirements apply to brokers everywhere. In order to avoid fraud, it is important to look for such a license.
You should then contact the customer care team where they will discuss the account options in more detail. There are no fees involved with opening or closing an account. Spreads are relatively competitive but there is no discount offered for large trading volumes. Spreads on major currency pairs, such as the EUR/USD, start from 1 pip. A top forex brokers trader with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency , Options and Indices. With tight spreads and no commission, they are a leading global brand. However, because the broker is regulated by the CySec and BVI FSC, there is a high chance that it is not a scam.
It is available from a minimum deposit of $1,000 up to a maximum of $150,000 and pays an annualized interest rate of 3.0%. Eligibility requires monthly activity, which includes trading or depositing of new funds. It is essential to point out that client funds are not insured, which increases the risk profile of this offer; as such, it may not be a suitable option for some traders. What LexaTrade does with the client deposits remains unclear, but the website states that no investment activity takes place. As previously mentioned, the website also claims that it does not offer trading advice yet it delivers trading signals directly to its trading platform.
The broker offers over 800 instruments, including currency pairs, commodities, indices, shares, ETFs, and cryptos, through their web and mobile trading platforms. However, they do not provide the popular MetaTrader platforms and have limited account types. LexaTrade operates a dealing room for trading foreign exchange, including spot and daily transactions which are the main financial trading instruments on the international currency markets. LexaTrade provides clients with direct access to experienced dealers during normal market hours.
The coverage of the Forex market is superior to many competitors, with 83 currency pairs. Complementing the Forex pairs are 20 commodities; of those, 16 are unique and four lexatrade rezension are variants of an identical one. Also available to trade are 18 cryptocurrency crosses, but only seven different ones exist, quoted against various fiat currencies.
I warn all forex traders to beware of this fraudulent so called forex trader. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. This positional analysis tool is packed with features from stop-loss orders, expert close-up functions, and fast trading. Traders can also view pip size and value per pip as well as the functionality of one-click order cancellation. Pepperstone is a great choice for experienced forex traders as it uses STP technology to connect traders with liquidity providers and offers low commissions.
All client funds are held securely in trusted international bank accounts for enhanced protection of funds. If the LexaTrade broker becomes insolvent, they do not have access to the client’s funds. The LexaTrade Group was founded in 1996 and has since then established itself as a leader in the Forex trading industry. 2004 was a major turning point for the company as LexaTrade took a giant leap and launched its multi-lingual internet-based trading platform . Since then, LexaTrade has dramatically expanded its client base, generating mass trading volume and providing vast liquidity to traders located across the globe. Forex.com is a forex broker that also offers some CFDs.To learn more about CFDs read our CFD trading tips. LexaTrade operates a dealing room for trading various financial products including foreign exchange, CFDs and commodity spot trading.
LexaTrade Rating & Review
The broker provides their clients with live trading signals from an independent signal provider. It should be noted that there is no guarantee on the performance of results when copying trading signals. You should have a clear understanding of the significant risks involved with trading online. LexaTrade provides their clients with easy-to-use web and mobile trading platforms.
Judging from the one screenshot, it appears to be a very basic webtrader, for all intents and purposes, inferior to the MT4 version. It does not support automated or social trading and is only suitable for manual traders. The overall trading platform lacks a competitive edge and places traders at a disadvantage. While failing to offer the MT4 platform as an option to traders is certainly a broker’s right, but this move makes sense only if the alternative to the MT4 is superior.
LexaTrade provides comprehensive end-user solutions and a range of trading functions coupled with flexibility in a robust and inclusive platform. As per my experience, forex trading is very dangerous with minimum balance like $100. LexaTrade has over 24 years of market experience, almost seven as a BVIFSC-regulated entity, which is its biggest asset, together with an excellent stock exchange educational section for new traders. Over 940 assets are available for trading, but the proprietary web-traders resembles a below-average terminal and lacks support for automated trading solutions. Spreads are excessive, countering the absence of commissions at this market maker. Contradicting information and lack of clarity surrounds the research at LexaTrade.
Utility bills and bank statements are accepted as proof of residency. These catch-all benchmark fees includes spreads, commissions and financing costs for all brokers. To have a clear overview of Forex.com, let’s start with the trading fees. Non-trading fees include charges forex brokers not directly related to trading, like withdrawal fees or inactivity fees. We ranked Forex.com’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. I really enjoyed your website, searching for the best broker for my wishes.
Fees And Commission
One unique feature is its mobile trade alert via WhatsApp for the latest trading news. LexaTrade offers ECN pricing, which is why they are able to offer some of the lowest spreads for many currency pairs.
In order to start trading with LexaTrade, you have to deposit at least 100 USD. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
An advantage is that a new broker can start with the least amount of $100 as an initial deposit. This is very good compared to other brokers who need the least amount of $500 to start trading. If the account remains unused for 12 months or one year, $15 is a quarterly charge. When trading shares, ETFs, and CFDs with leverage, there is a financing fee.
LexaTrade Regulation & Security Of Funds
The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority in the UK and the US Commodity Futures Trading Commission . Please help me for withdraw the money LexaTrade is asking for the photocopy of credit card with cvv code also .Is it safe to give them .Beacuse they can use it to withdraw my money. There’s something strange about the LexaTrade scams mentioned in this review. My trades are executed on time and I’ve even managed to make some money. So forget about the LexaTrade scams and just look at the profits. She gave the guy lots of money and he closed up shop and ran away.
- The bulk of the assets at LexaTrade consists of 698 equities for direct share dealing, together with 22 equity CFDs, 34 index CFDs, and 52 ETFs.
- Trading Brokers have spent thousands of hours researching and conducting in-depth analysis on hundreds of online trading brokers.
- Often fixed spread brokers also will have other risk management tools included such as guaranteed stop losses.
- LexaTrade was founded in 1996 and is part of the LexaTrade Group.
- Our LexaTrade review provides more detail about these accounts.
- Therefore we can present to you on this page the best forex brokers in a list.
That means there is no influence from the broker on the trader’s orders. NDD brokerage is safe to use and there is also no conflict of interest. You will have no requotes with a no dealing desk broker like with an ECN broker. Dealing desk brokers can manually influence the spreads and execution of traders. However, when trading in certain markets, restrictions may apply.
It includes live trading charts, multiple indicators, and is equipped with trading signals and an economic calendar. Overall, there are many questions in regards to the trust of the LexaTrade company services and the manner they do operate the online trading itself.
LexaTrade is a reputable CFD and forex broker offering a range of tradeable assets and tools through its proprietary web platform and mobile app. This broker review will evaluate the online trading services offered, including investment options, deposit and withdrawal methods, training and tutorials, plus customer care.
That starts at 5% per year on indices and 2.5% for commodities and cryptocurrencies. These costs and sizes look like they have been set to increase the trade size. It is the difference between the bidding and the demand price. The EUR/USD spread starts at a cost of 1.8 pips, which is high compared to the industry standard.