LexaTrade Review By Forex Peace Army Is It A Good Broker?
LexaTrade offers a number of assets to be traded on MetaTrader 4, MetaTrader 5, LexaTrade web trader, and the lexatrade forex broker LexaTrade mobile app. Assets including forex pairs, indices, equities, commodities, cryptocurrencies.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. You should consider whether you can afford to take the risk of losing your money.
The majority of the small currencies and several assets of what LexaTrade calls “exotic pairs”. The minimum deposit depends on which account type you open at LexaTrade and they’re quite a bit higher than I see at most other trading platforms today.
LexaTrade offers a number of different trading platforms – there are three to choose from in total, and I’m going to be giving you an overview of each of these below. It’s designed to take new traders from beginner to competent trader, plus there are also some more advanced trading strategies and analysis to appeal to the more experienced traders. LexaTrade was established in 2012 and was quick to cement itself as one of the leading online trading platforms on the web. Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Due to more people than ever working from home, high leverages, low deposits and very liquid markets, forex trading has exploded in popularity over the last few years. A couple of the key difference makers at LexaTrade starts with the regulatory oversight that they allow.
Service is capitalized at LexaTrade, so get trader with the higher deposit a personal contact. All deposits are processed immediately except bank wire which can take between 1- 4 days and withdrawals are processed within 24 hours. Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors.
LexaTrade Trading Instruments
For SEPA transfers there is a minimum withdrawal amount of 5 EUR after the deduction of the 10 EUR basic fee. Customers of different languages can also work easily on the website finding their languages investments strategy by search. Customer support is a service that a trader requires daily, available on a very sustainable and professional level here, and has been successful in answering customers’ complaints.
Hi Naso, there are various ways which you can use to withdraw your profits and funds from your LexaTrade account, based on the country you reside, whether you have an IBAN or not. To assist you further with this query or if you like us to assist you with any clarifications, please provide us with your LexaTrade account details in your next reply. Alternatively, feel free to contact us at and our Team will be able to guide and advise you accordingly. 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. MT5 being a newer version also gained great popularity and features even more developed tools and comprehensive analysis options, loved either by beginners or professionals.
Fees And Commissions
The methods are cards, bank wires, e-wallets , and cryptocurrency (BTC/BCH/ETH). We lexatrade cheating recommend you carefully read the documentation that’s available on their website.
This can be somewhat excused though, as when it comes to brokers, those most likely to leave negative reviews are those who have lost money or had a bad experience. This is fairly commonplace in the world of brokerages so can’t be taken as the be-all and end-all of a company reputation. As we mentioned in the above section of our LexaTrade Review, there are 3 main contact options all available on every page of the site. Customer support is available 24 hours, however not on weekends. The live chat works well and is available in a variety of languages. At first, you are directed to a bot, however, you can quickly be put through to a competent live agent who responds within seconds.
LexaTrade Review: Conclusion
This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support. We update this methodology and our recommended reviews yearly, so that you’re only given up to date information. Should the trader’s account currency be different from the currency in which deposits are made, the conversions will be made using standard rates. Unfortunately, with the Raw Spread trader account, eur usd there is not an Islamic/Swap-Free option for Muslim clients. Traders have a choice between three types of accounts, namely the Basic, Black , and Raw spread accounts. The choice of financial assets offered by LexaTrade is slightly limited compared to other large international brokers, and more advanced traders looking for particular instruments may be disappointed. However, LexaTrade’ cryptocurrency offering far exceeds that of other brokers.
Share CFDs are not available for commission-free trading on any account type but all accounts provide competitive spreads. The broker trading strategy provides 24/5 market news coverage through daily and weekly reviews as well as quarterly outlooks, video briefs and special reports.
LexaTrade allows traders to trade on mobile devices through Android and iOS devices like the iPhone. If you are looking for Forex brokers to trade currency pairs on global Forex markets LexaTrade offer over currency pairs.
Features Of LexaTrade
For international transfers, a maximum of € 50 is required and SEPA transfers a maximum of € 5. The past has already shown very good results with a profit share of more than 60%. You can always view the past trades transparently on the homepage. The trading alerts are only available to Black Account customers. With unregulated brokers, it can come to delays of the disbursements or customer money frauds.
- LexaTrade is the trade name of LexaTrade Holdings Plc, an investment firm with its main offices in Nicosia, Cyprus.
- If you’re interested in learning about the full range of assets they offer, they have a comprehensive page on their website that gives you a full overview.
- Gone are the days of launching a lot of graphs on which you can’t remember which currency you’re taking a look at.
- Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email.
- Webinars, coaching, market analysis, and trading signals are available to a trader.
- Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.
As with currency exchange markets, commodity markets offer different investment opportunities for traders. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty. Variable spreads are charged on forex, crypto and commodity pairs depending on the type of account the trader uses.
Ask me for a prove of the bank that im the owner of the account i used to make money, wich i sended. I’m trying to take money from my forex account since 16 de January. I am hoping to make a slightly bigger withdrawal…hope it will be processed as quick .. They no longer offer the Wealth Management Program and a Copy Trading tool is available under FSC but only for non-EU clients. Fx online brokers will obviously show positive growth because of that.
LexaTrade has the ability to get deposits and withdrawals processed within 2 to 3 days. 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. LexaTrade MetaTrader 4 is compatible with the latest macOS Mojave.