LexaTrade Review And Rating, LexaTrade Comau
The ability to hedge positions, with trade sizes as small as one micro-lot (0.01). These will all help to augment your trading and are only available on MT4. This is another reason why it could make sense to opt for the MT4 platform over the MT5 / cTrader.
I recommend the Help Center first, as it answers many questions. The live chat feature offers swift access to a representative, but I recommend phone support for critical questions. LexaTrade does not specify which languages are offered besides English but explains its products and services well.
They also offer the cTrader software suite that is developed by Spotware. LexaTrade is regulated by the Australian Securities and Investments Commission , Financial Services Authority , Cyprus Securities and Exchange Commission .
Trading using several accounts using this broker ranging from can’t thousands to 25k each, all doing desirable so far. The Server Trailing Stops follow the profitable position of a trade and allow traders to get maximum benefit of the profitable trade. CTrader is also available across all devices and operating systems for traders. Over 240 trading instruments to choose from across Forex, commodities, Indices, Cryptocurrencies, metals and bonds.
LexaTrade aims to provide the most cutting-edge technology solutions and recognizes the need for excellent scammed by lexatrade customer service and support. The broker assistance is accessible 24 hours a day, seven days a week.
- There are three major account kinds, all of which provide the same compatibility and capability as the others but are tailored to various trading styles’ expectations and requirements.
- See below, the available deposit and withdrawal methods.
- LexaTrade has the ability to get deposits and withdrawals processed within 2 to 3 days.
- These accounts also don’t have a minimum deposit requirement and caters to micro-traders as well.
- Download the Metaquotes MetaTrader 4 Program for free of charge from Apple’s App Store.
- Two first account offering raw spread condition and commission charge per trade also offering either MT4 platform of cTrader for your selection.
LexaTrade does not have negative balance protection, thus it is possible for losses to exceed deposits. LexaTrade and LexaTrade do have negative balance protection, thus forex it is possible to lose all of the capital in the account. LexaTrade offers accounts in the following currencies, USD, EUR, AUD, CAD, GBP, SGD, NZD, HPY, HKD and CHF.
Unless you do it, it will not be possible to buy and sell cryptocurrency. For specialists in the sphere and for those who earn a lot. They already have enough earnings to pay for a sufficient account and become even more successful. When you pay the fees, you will get an opportunity to work in better conditions. We recommend you trying this account for experienced users who know how to build a strategy, achieve their goals and sell and buy a cryptocurrency for the best price. In this LexaTrade review, we have touched upon how safe the broker is.
Backtesting is one of the most important parts of learning to trade forex. Backtesting allows traders to gain experience over years of historical data, in only days and greatly grow their knowledge… For most traders I would advise an MT5 setup, with the app on your mobile and installed on your computer too.
LexaTrade Mt4 Language Support
LexaTrade makes it their top priority to offer some of the best trading conditions in the industry by providing competitive spreads and commissions. LexaTrade utilizes low latency servers which provide traders with the best available price.
LexaTrade maintains a minimum withdrawal of $1 that can be withdrawn through the same methods as the one used during deposit. There are no extra charges on the withdrawal fees but the wire transfers tend to be relatively cheaper by AUD 20. LexaTrade, however, charges up to 1 pip for any inter-bank prices that are above the Raw Spread account. It also commissions lexatrade forex broker up to $7 for the same account for every standard lot round-turn. This trading platform is also relatively faster in terms of order execution compared to other accounts. This is due to the fact that this trading platform’s server is located in the LD5 IBX Equinix in London, which is relatively faster compared to the other data center located in New York.
LexaTrade Trading Conditions
Little spread and execution quite much fast, seldom ever freeze when information release. I Check virtually all top brokers spread in australia my honest opinion ic is normally the only best among all as well as I have most vital point I treasure ic providing islamic account.
The minimum deposit required to open an account is $200. However, the live chat feature seems to be inactive most of the time and the average wait time is too long. A list of the spreads charged for each CFD is available on LexaTrade website. Overall, LexaTrade trading fees are on the low end of the industry, even though its financing fees are reportedly on the high end.
LexaTrade Payment Methods
Numerous video lessons are available on the brokerage’s website, with the goal of teaching traders on different elements of day trading. They also provide a variety of articles and tips to assist their traders. Advanced charting and analysis tools, as well as calculators, are available from the broker. In addition, many technical indicators are utilized in technical analysis. There is a large selection of assets to pick from, making this brokerage ideal for new and experienced day traders. LexaTrade is a broker based in Australia that welcomes customers from all around the world. The business, which was founded in 2007, has a solid track record to date.
Additionally, the MT4 and MT5 platforms feature a set of 31 technical indicators. Finally, for stock indexes, the S&P 500 index pays an average spread of 0.600 while the European STOXX50 index pays an average spread of 1.850 pips. As for commodities, WTI crude oil futures pay an average spread of 0.050 while the average spread of coffee futures is 0.900. The cryptocurrencies offered by this broker include Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin, Ripple, EOS, Emercoin, NameCoin, and PeerCoin. LexaTrade does not charge a deposit fee for any of its funding methods.
You can change how the charts are displayed include Black on White, Green on Black and Yellow on Black. You have a few other display options like chart on foreground, chart shift, Chart auto scroll, Show OHLC, Show ask line, Show period separators, Show grid, Show volumes and show object descriptions. You can also change the chart timeframe to 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly and monthly. If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due. As a reference, the spread charged for EURUSD is between 0 and 1 pip for raw spread accounts and 1.1 for standard accounts. This is an advantage compared to other forex brokers as it allows traders to save money on conversion fees.
The funny thing here is that it is cheaper to trade CFDs on LexaTrade than buy the real currency on an exchange. It is an independent institution of the state government agency. Customer money transactions are conducted by National Australia Bank and Westpac Banking Corporation . These are both top international top forex brokers banks that have high liquidity. In addition, LexaTrade uses external and independent auditors who control the broker. Search for the mobile trading platform and get it on your phone and tablet to use it whenever you want. You will have an opportunity to enter the LexaTrade-Live server.
LexaTrade CFDs are typically used for short to medium term trades. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible forex than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling.