Like most other brokers, LexaTrade offers four accounts with higher minimum deposits linked to lower spreads (for more details on LexaTrade’ trading accounts, click here). However, for the purposes of this review, we will be focusing on the three Forex accounts. The site offers a useful charting function for trading, in either Candlestick or Line format and you can opt to add in your own preferred indications, from a wide available selection on site. Forex traders will also find the platform offers lots of advanced features for technical analysis and decision-making. You can trade a variety of asset classes at LexaTrade, including Forex, commodities, indices, shares and cryptocurrencies.
LexaTrade does not have any control of the funds once they are processed and the time needed for the funds to be transferred to the client’s account may vary, depending on the payment method. By maintaining optimum support and assistance, refined products and full transparency the LexaTrade also educates its clients through its Academy. Educational resources covering useful information on how to operate in markets, develop own trading strategy with accredited courses and webinars. Of course, LexaTrade developed its Mobile App as well, which actually is highly rewarded by traders and publications as well. All the most important features are available there, so being on the go you still may perform analysis, check on the open positions, manage them and access your account management. The software solution offered by the LexaTrade mainstays at the popular choice of MetaTrader4 platform, that provides a comprehensive trading feature and vast of solutions. As the broker mentions it always aiming to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed.
Spreads change throughout the day and this is dependent on market conditions and volatility. A really easy to use app and easy to be able to move functions from a mobile to a laptop. The Customer service uses a queuing system with low turnaround time but they always get round to answering questions.
In terms of desktop trading platforms, both MT4, and MT5 are offered at LexaTrade. These are two of the most recognized and powerful trading platforms in the industry providing a wealth of tools. They are also easy to use, run on almost all devices without issue, and provide a great depth of more than 50 charting and trading tools as standard including a market sentiment indicator. These trading platforms will be available on both your windows and mac devices. 74-89% of retails investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. A few of the LexaTrade disadvantages that we have noted include the fact that although they do offer a Zero Spread Account, the minimum deposit is prohibitively high to open the account.
LexaTrade Holding PLC doesn’t offer any bonuses or promotions. This is because since a few months this is prohibited by the CySEC and European broker laws. lexatrade official site There are no welcome bonuses, refer-a-friend bonuses or any other form of promotions. Good product offering but no trading indicators available.
If you’re searching for an efficient and user-friendly trading platform to invest with, LexaTrade could be the one for you. I love the customer service that they have because there is rarely long waiting time and they are helpful and quick. The worst fact its that their app won’t work on mondays when US market opens. I lost a ton because i wasn’t able to reach my positions in time and they won’t even care. LexaTrade does allow you to engage in both scalping and hedging, while algorithmic trading is facilitated through use of the EAs feature on your MT4 trading platform. A LexaTrade inactivity fee is charged if you are inactive for 90 days or more. This can be great as it saves you paying a conversion charge if your deposit or withdrawal method do not match a base currency.
Offering returns of up to 85%, LexaTrade is a regulated and authorised broker, being registered with CySEC for the clients’ peace of mind. Their online account registration process is very simple and trading is intuitive and convenient through the Spot Option trading platform. With a good choice of deposit and withdrawal options and a high quality, multilingual customer service team who can be contacted via numerous methods, there is a lot going for this broker. The LexaTrade raw account is most competitive in terms of the spread you can access.
Below we give an overview on the account types that LexaTrade offer. Whatever you are looking to trade the varying LexaTrade account types will be able to provide you with what you need. 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.
Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk. cryptocurrency MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts.
In this rare occasion , the ICF will return the funds to the investor or trader. As stated before, the broker segregates the funds of their traders at a seperate bank account, so that the broker cannot finance it’s own operational costs with their traders money. The broker protects their website and trading platform with Secured Socket Layer to protect traders and investors from theft and cyber criminality. LexaTrade PLC and BDSMarkets does not allow traders from a few countries, Belgium for example, because of local law. To register for an account with LexaTrade there is no deposit required and you don’t need to give your credit card information to simply register on the website. It is a live trading account that requires only a $100 minimum deposit initially. The low initial deposit is great for new traders to feel comfortable trading more quickly with lower risk.
Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you are fully aware of the risks involved and the high probability of losing your money. LexaTrade offers a single universal account which covers all traders’ needs and offers an all-around trading experience for newcomers and trading pros alike. The good news is that traders can register with the LexaTrade account without an initial deposit. On the other hand, trading cannot start without depositing. You can start trading with LexaTrade after you deposit ca.
However, VIP clients can benefit from over 500 trends on all CFDs and exotics. LexaTrade excels at customer service with plenty of contact options, and their SpotOption trading software is intuitive with great functionality. However, they are extremely reputable, have excellent market coverage and low margins, making LexaTrade binary options one of our highest rated trading partners.
I’ve made a withdrawal to skrill two days ago, which should be instant after they process it, and haven’t received the withdrawal yet. LexaTrade has higher spreads other than another broker which is upsetting. So after reading a few bad reviews about withdrawal problems which I have never had and been complete within 24hr it just made me think.
Also, LexaTrade does not charge any fees on credit card/electronic wallet deposits as well, yet may vary from entity rules to another. The applicable spreads and commissions charged when conducting trade and vary according to the account type you select. While the Classic and VIP account fees are all included in the spread, if you are a trader of bigger size and the one prefer commission basis Raw Account is your choice then. The Raw account offers an interbank spread and commission paid per transaction opening lexatrade website which is 5$.TheInvestPLUS offers1000+ CFDs at DMA with the commission of only 0.1%. Trading costs with LexaTrade vary, depending on account type and the market traded, with some commission-free and some commission-based. For example, share trading is commission-based across all three account types but forex and index trading commissions vary. The Trends Analysis tool is built-in to the LexaTrade WebTrader platform and all clients can access 50 trends on major assets including forex, shares and indices.
While LexaTrade has a high minimum deposit on some advanced account types, there are many with lower deposits and great features. As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money. Banking is made easy as a result of its multiple deposit and withdrawal options. This is actually far more valuable than many fail to factor into the selection of a brokerage firm as it allows for fast processing of payments through multiple payment methods.