We try our best to offer you some valuable information about all of the brokers we review. While we do our best to ensure you get the most up-to-date data, we also encourage you to verify our information voluntarily. Based on the review above, LexaTrade provides easy-to-use platforms with some unique tools and it can be accessed by traders anytime and anywhere. Besides, traders do not need to pay extra fees for trading commission lexatrade scammers and deposit/withdrawal fees. Traders who register in LexaTrade can enjoy low spreads in EUR/USD pairs from 0.9 in the MT4 platform. Traders have plenty of choices, which include bank wires, credit and debit cards, Skrill, Neteller, Sofort, as well as several regional-only options. The processing times are listed between instantaneously and five business days, and the overall selection of payment options is solid.

Clients also receive free guaranteed stop loss, no slippage, fixed spreads, and no funding or withdrawal fees from LexaTrade. After the first impression, however, traders may realize that LexaTrade offers trading conditions that don’t day trading compete well with other leading Forex brokers. While transparency is adequate, LexaTrade does charge traders for the usage of its proprietary trading platform through higher spreads than those available in the broker’s MT4 platform.

Also, no matter what type of order you place, LexaTrade guarantees no dealer intervention. On our platform, we provide fixed spreads which never change regardless the market volatility and you always know the spread you are paying before opening a deal. Likewise, the guaranteed stop loss that we offer on our web platform helps you control your risk on every trade so you never lose more capital than willing to risk. Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company.

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This risk management feature is recommended to those new to forex and CFDs trading. This is a major reason during our LexaTrade review vs LexaTrade we recommended the broker for new & intermediate traders. Other features that come with the mobile app are price notifications, a market explorer, a financial calendar, and live rate graphs. Once you are ready to make your deposit, you must select your payment method.

You can find detailed guidance on LexaTrade trading platforms here. You will need to provide some basic documentation to prove your identity as part of LexaTrade onboarding and normal KYC identity checks. These checks are standard practice and help LexaTrade provide a safe financial environment for their 142,500 users.

Best By Platforms And Instruments

Even pairs where taking a long would result in you being paid quite decently on the swap by another broker, you are almost always paying LexaTrade. It is therefore difficult to recommend them on the basis of their trading environment, unless minimizing uncertainty and having a safety net are your main priorities. Trade 300+ markets including currencies, commodities, metals, vanilla options and indices from one place without the jargon, complicated offers and confusing terms! Trading on the financial markets with LexaTrade is not a get rich scheme.

And the commissions that you’re required to pay are super-affordable, ensuring that you’re getting the most out of your successful trades. When it comes to non-trading fees, our job is much simpler in the sense that there’s not much to talk about.

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So company steals trust and respect of traders from all over the world. I was not informed that I have to have a Skrill or Neteller account in order to make a withdrawal. It clearly stated on the apps that withdrawal will be credited back into my debit account. Get Started segment offers seventeen videos with a solid introduction to the Forex market. Beginners or new traders will also find some educational section useful as it offers materials for less-experienced traders. Customer reviews show LexaTrade falls down when it comes to the research section, as the market analysis section is sorely lacking in substance and could be repaired.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with LexaTrade like CFD trading, Forex trading, Commodities trading, Indices trading, Shares trading, and Crypto trading. You should have confidence in LexaTrade and know that the management of your financial investments on the LexaTrade platform are in good hands.

LexaTrade Awards

In the previous chapter, we have briefly covered spreads – the main commission charges at LexaTrade. In this chapter, we will take a much closer look at how high the commission levels are on this platform. Besides licenses, it is also important to talk about the actual safety measures that help protect your money at LexaTrade. In fact, the above-mentioned licensing materials oblige the broker to have various protection mechanisms in the first place. In this review of LexaTrade Forex broker, you will come along with us to take a closer look at every important detail about this broker. And by the end of it, you’ll have a better idea as to why LexaTrade is a great trading partner.

The standard trade parameters are the direction of the trade as well as the amount at risk and the expiry time. There are several important risk management tools that LexaTrade provides for their clients. For example, they have their Guaranteed stop losses and their negative balance protection. 74% of retail investor accounts lose money when trading CFDs with this provider. The creators of the platform are professional financiers who are well versed in banking and online trading, which allows them to establish direct access to international financial markets.

Company Information

LexaTrade also clearly state on their platform that Your capital is at risk. Not only does it have time on its side but it is also well regulated by two well known agencies and have strong risk management processes in place . There are also a plethora of assets that you can trade on their platform with low spreads. There is a wide array of payment methods that are supported for both deposits and withdrawals. There are well known global options such as cards and bank wire as well as more local solutions for specific countries. As a market maker, LexaTrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements.

We are regulated by both CySEC in Europe and ASIC in the Asian Pacific Region. Finally, easyTrade is deemed to enhance risk management, but is available on just 20 assets and mirrors binary options trading.

In the period of a year, that would be a return of 250%, which is 25 times higher than the average return of the S&P 500. TradingBeasts helps individual traders learn how to responsibly trade binary options and CFDs. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey. LexaTrade is a broker licensed and regulated by the CySec and ASIC.

It is not a scam because it is regulated by trustworthy authorities like ASIC and has a ton of positive user reviews from various sources. The most important part is that the company provides low fees for high-quality service, has a unique trading platform, and does everything to assist its traders if any issues occur. I don’t know how this company is allowed to do business in the UK other than no-one has investigated them.

Guaranteed negative balance provides peace of mind as volatile economic events are known to lead to large losses for traders without protection. The feature allows a trader to cancel a trade within 60 minutes of taking their position to avoid trading losses. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

• These simple definitions of trading vocabulary include everything from American Option and Arbitrage all the way to Z-Certificate and Zero Coupon Bond.
• If you are a day trader who uses high leverage, you will know how quickly markets can move even in a matter of milliseconds.
• This online broker is also licensed by ASIC in Australia, with offices in Sydney, Shanghai and Limassol.
• Finally, we’ve listed some of the popular funding methods that LexaTrade offers its traders below.
• We have previously done a post that goes into the mechanics of options a bit more in-depth.
• It could be a win-win for all as the traders can use a well known broker and LexaTrade and the broker gets more clients in other lucrative geos.

All that ensures the traders’ safety especially to those who trade on volatile conditions. All providers have a large percentage of retail investor accounts that lose money when trading CFDs with their company. Traders are able to customize and create trading templates or choose from pre-designed templates. Easy Markets MetaTrader 4 has 80+ markets including currencies, metals, commodities, indices, and cryptocurrencies. It has fixed spreads for price transparency and all expert advisors are allowed.

My account manager was also great, very kind and professional, and promptly resolved issues when they arose. In this sense, this brokerage one of the best, and that’s another reason I might recommend it to a beginner. Feedback is very important to us as it helps us improve our services and enhance the trading experience of our clients. 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.

Over the years of expansion LexaTrade CFDs offering the range currently includes Forex instruments, global indices, energies, metals and cryptocurrencies including Bitcoin, Ripple and Ethereum. Their customer service who assisted me was quick to help me reset the password. lexatrade forex broker For any questions or assistance, traders can contact the company directly at one of their local offices or at their headquarters in the Marshall Islands. Besides, traders can chat with their customer service by email, Facebook, WhatsApp, Viber, and Live Chat.