There is no hidden commission at LexaTrade, but a withdrawal fee and a fee for dormant accounts is charged, and there is no account replenishment fee. There is no information on the average spread of trading assets on the broker’s website. LexaTrade features the finest security in the online trading arena. LexaTrade is affiliated eur usd with fully regulated financial trading companies, and it uses secure socket layer encryption technology for all credit card and bank wire payments. Between % of retail investor accounts lose money when trading CFDs. Over the past five years, he has gained experience trading currencies, stocks, options, and futures.

LexaTrade Autochartist provides the world’s first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can’t remember which currency you’re investments taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade. You can start using the MetaTrader 4 platform with LexaTrade in multiple formats including through an online web platform, Through a downloadable application for Windows PC’s and Apple Macintosh computers.

Anyone can leave feedback about LexaTrade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market. The reviews by customers of the LexaTrade indicate that it is a reliable brokerage company.

Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice. LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments.

Trading Accounts

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. Stocks, currency and other commodities lexatrade broker reviews and instruments will be purchased by LexaTrade even if no buyer is lined up. LexaTrade is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission so can be considered a good broker.

Customer support is available 24 hours a day, and they can be contacted through a live online chat, email or phone call. There is also a link on the LexaTrade website that provides information on managing accounts, making trades, LexaTrade basics, and other helpful information.

These currency range from all of the major pairs which a trader would expect to find, along with many minor and exotic forex currency pairings. If you’ve been considering using LexaTrade broker then this is the review you want to read.

• Some of the commodities on offer include gold, silver, platinum and sugar, amongst others.
• LexaTrade is a world-famous regulated broker that takes your trading to the next level.
• This means that client funds are kept separate from company funds .
• At one point, LexaTrade was pushing it’s Trade Z platform, though upon an update of this LexaTrade review, information about that proprietary platform became scarce.
• The platform supports three trade execution modes, including Instant Execution, as well as 2 markets, 4 pending and 2 stop orders, and a trailing stop function.
• Since this is an interactive social trading platform, this is all that you need.

Being regulated by bodies in both Belize and Cyprus allow traders a greater deal of flexibility and an added feeling of surety when trading through the broker. As LexaTrade is currently in the process of revamping its trading platforms with the release of LexaTrade Z, they are still adapting it for release in mobile format. According to company representatives, this trading platform will be available for both Android and iOS download soon.

How Can I Start Trading With LexaTrade?

The platform supports three trade execution modes, including Instant Execution, as well as 2 markets, 4 pending and 2 stop orders, and a trailing stop function. Quick trading functions allow sending trading orders straight from the chart with one click. These conversion fees can occur both when trading and when withdrawing funds from your trading account. Many brokers do not charge additional withdrawal fees, while other brokers do, and the extent of this fee should be factored into the overall trading costs of using each broker’s platform. LexaTrade is an online forex broker which is based in the Southern European island country of Malta. These perks are only available to traders who pay hefty minimum deposits. Unfortunately, smaller traders with low initial funds have more need for education and guidance than savvy traders who already know how to play the market.

LexaTrade customer support is available through several avenues. All of the methods listed are available on a 24/5 basis and are responsive to questions in an effective manner. , and their own proprietary LexaTrade Z. Both are web-based trading platforms, with MetaTrader 4 being an already well known and received quantity in the industry. MT4 is also available on both desktop and mobile; however, LexaTrade Z is still be adapted for mobile release. opening a live LexaTrade account, with the exception of a few additional questions and registration of your deposit method and verification documents. These documents can be quickly uploaded electronically for approval. There is a fee of $30 or currency equivalent in EUR and GBP when making withdrawals up to $10,000 through Bank Wire Transfer with an additional 0.3% fee for withdrawals that exceed this amount.

Theo’s trading experience led him to test out over one hundred different trading services and he shares his insights in reviews to help other traders. The broker offers spreads that start as low as 0.9 pips, which is a very competitive offer. LexaTrade does provide an Islamic, or swap-free account so that Muslim traders who are Sharia-compliant will not incur fees, or interest, on positions held overnight. Many brokers provide a variety of deposit and withdrawal methods, including bank wire transfer, credit or debit card, and a number of popular e-wallets such as Neteller or Skrill. LexaTrade holds investors’ funds within segregated accounts in tier-1 banks. However, you can still lose funds when trading in CFDs, forex, or social trading, and your losses could even exceed your deposits. The thing is, such legit-looking forex brokers claim to be real experts at making money.

Given the CySEC regulatory environment under which LexaTrade.com operates, AML and KYC requirements should be provided and confirmed before trading commences. At one point, LexaTrade was pushing it’s Trade Z platform, though upon an update of this LexaTrade review, information about that proprietary platform became scarce. The company now pushes the MT4 platform which is the industry standard, as well as being the most popular out-of-the-box trading solution.

What Is LexaTrade Headquarters Country?

Still, I would like that the broker add opportunities for passive earnings, and then it will be perfect. I have already world currencies earned more than 10 thousand dollars on LexaTrade, although I initially registered here out of pure interest.

The Forex Trading, as well as CFD or cryptocurrencies trading, are not for everyone and Forex trading is a very risky business. Before investing, please assess your competence to trade in the Forex markets and make sure you understand and appreciate all the risks, particularly in terms of leveraged trading. To learn the trading conditions of the LexaTrade broker, we recommend using a demo account. The Traders Union specialists have studied the trading conditions at LexaTrade for explicit and implicit commissions. No hidden commission was found and there is no trading fee for replenishment of the account, for withdrawals, and no commission is charged in the amount of EUR/USD/GBP 15 to 0.03% of the trade amount. Trader inactivity within 90 days is also subject to a commission of $22. The broker’s website contains most of the necessary information that will help a trader evaluate the trading conditions at LexaTrade and get acquainted with all the services of the company.

It makes you wonder whether LexaTrade could be using this location as a hideout to bend the strict rules of financial trading to its advantage. If yes, schedule a free consultation with Wealth Recovery Expert. Trust our experienced experts to help you recover your money. In order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app. WikiFX only provides the legal URL of the platform published by the regulatory website.

They will thus have you continually depositing money – ostensibly to build your fund. But since markets go up and down, this becomes an unending cycle. Ultimately, you end up losing your funds as you pump in additional cash in a bid to avoid your account’s closure. LexaTrade social trading platform works greatest and looks sleek, unfortunately, it just feels actual amusing all the time.

LexaTrade Withdrawal And Funding Methods

The version of the account you receive will be dependent on whether you choose to trade on the MetaTrader 4 platform, or the broker’s proprietary Z Web Trader. This information is not available but when generally comparing demo accounts between brokers, the frequent term is 30-days. Traders need to evaluate their objective, level of risk exposure and willingness to be exposed to risks. Cryptocurrencies are complex, high-risk, and volatile and may result in lexatrade scam the loss of all invested capital over a short period of time; they are not appropriate for all investors. Additionally, traders may need various indicators, signals, and oscillators to help identify price trends and future currency price shifts. Forex education enables traders to reason and apply knowledge to important daily trading activities. To accurately review and amend when necessary new forex regulations, license certificates, and investment advice.

Furthermore, brokers must keep their capital in tier-1 banks in Europe only, and in segregated accounts. This means that client funds are kept separate from company funds . CySEC also requires its brokers to maintain at least €750,000 in operating capital in order to protect them from succumbing to market volatility. Fees on deposits from LexaTrade.com are waived, but third-party fees are still applicable. Withdrawals face different fees which depend on the amount requested and the method use. They start as low as $/€/£15 for credit card withdrawals and as low as $/€/£30 for bank wires under $/€/£10,000 while withdrawals above $/€/£10,000 are charged at 0.30% of the total amount. Online payment processor fees start at 1% of the total amount with a $/€/£15 minimum.

Added to this, traders should note that third-party deposits and withdrawals are prohibited and that withdrawals have to be made using the same method that was used to fund the respective trading account. When using Bank Wire Transfer to withdraw funds from the trading account, there is a fee of $30 or currency equivalent in EUR and GBP, with withdrawals of up to $10,000 and 0.3% for withdrawals exceeding this amount. Well, choosing a genuine online broker is no walk in the park. It entails going through countless online trading platforms, understanding complicated investment terms, and confusing fees. That LexaTrade minimum deposit provides everybody a chance to try the marketplaces. You no longer have to commit 500 dollars and above to start trading. This is good for novices who don’t have numerous capital reserve.

Cfd Trading On LexaTrade

The company specializes in providing services for active trading and allows you to invest exclusively in stock assets. Among the complaints, the most common problems are the delays in the withdrawal of funds and the complexity of the verification procedure.