LexaTrade Reviews

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LexaTrade offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more. MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically. Learn more 67% of retail investor accounts lose money when trading CFDs with this provider. LexaTrade Bank offers 130+ markets covering FX, Precious Metals, Indices, Commodities, Bonds as well as 46 FX Options.

LexaTrade website

LexaTrade have a double AA grade support rating because LexaTrade offer live chat and email support in multiple languages. Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent. It’s grown by $ % in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Related LexaTrade Vs Comparisons

The overall pricing environment at LexaTrade remains expensive. Dont be scared off by brokers like LexaTrade charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on their platforms that are not available for free on other platforms. Often you have to visit and read many broker websites all of which have different uses of language. Choosing an online broker like LexaTrade can be difficult.

Autochartist offers a simple user interface that can be customized to suite how you like to trade. Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees. Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

LexaTrade website

You can trade with a decent number of ETFs, though not as many as its main competitors offer. You can set alerts and notifications in the form of email, push notifications to mobile, or notification to the desktop platform. If you are not familiar with the lexatrade scammers various order types, readthis overview. In case of some exchanges (e.g. SIX) there are some additional order type and term options. LexaTrade provides only a one-step login, but if you turn on Level 3 security, it prompts you to set a separate secure PIN.

Is LexaTrade Global?

The Advanced Trader platform offers an excellent alternative for manual traders, assisted with automatic pattern detection. Automated traders can rely on the MT4/MT5 trading platforms. LexaTrade ensures its clients have a competitive edge top forex brokers by maintaining three excellent trading platforms. LexaTrade maintains a commission-free trading environment, but the spreads remain elevated. The Standard Account commences from a minimum mark-up of 1.7 pips or $17 per 1.0 standard lot.

LexaTrade website

There is also an inactivity fee charged after six months of no trading activity at 10 units of the base account currency. Standard, Premium and Prime accounts offer varying spreads but all three offer commission-free trading. The LexaTrade mobile trading app is covered in more detail in the video review. The main differences between each account are the minimum deposit requirements and the average spreads. earnings on forex LexaTrade Bank is authorised and regulated by the Swiss Federal Financial Market Supervisory Authority and is a member of the Swiss Bankers Association. They operate the domain name which is the focus of this review. Having a banking license, being listed on a stock exchange, providing financial statements, and is regulated by top-tier authorities are all great signs for LexaTrade’s safety.

LexaTrade Ch Switzerland Based Forex Trading Broker Review

Its history dates back to 1990 to its predecessor, Marvel Communications SA. It became LexaTrade in 1996 and has had its shares floated on the Swiss SIX Exchange since 2000. It became the top online bank in Switzerland and one of the country’s most dominant financial services firms. The 2018 acquisition of Luxembourg-based Internaxx Bank SA solidified its position as one of the most dominant brokers. This review will focus on LexaTrade Forex, where clients get a commission-free trading environment but have to accept high spreads. Besides the MT4/MT5 trading platforms, LexaTrade also deploys a proprietary webtrader. 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.

Both the UK and the Swiss entity’s clients can only use bank transfers for withdrawal. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. LexaTrade futures fees are volume-based, i.e. based on the number of contracts you trade with.

LexaTrade website

LexaTrade also offers the FIX API for advanced traders who wish to connect to the LexaTrade infrastructure. Despite the expensive commission-free pricing environment, LexaTrade remains one of the most competitive, secure, and trustworthy brokers in operation today. 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. My personal account is a real catch for me and everything is intuitive and transparent. Trading conditions are one of the best in the Forex market and might blow you away; the spreads are one of the lowest. Qualified support will try to solve all your sensitive matters in a snap.

Deposit Fees And Options

Clients who trade from the Premium Account still face a cost of 1.4 pips or $14, while the Prime Account lists it as 1.1 pips or $11. By any measure, those costs represent an uncompetitive offer. Swap rates on leveraged overnight positions apply, and LexaTrade provides them transparently lexatrade cheating on its website. LexaTrade forwards all corporate actions to client portfolios. Traders have to pay a deposit fee for credit/debit card transactions, and third-party costs may also apply. LexaTrade charges an inactivity fee of ten currency units per month after six months of dormancy.

LexaTrade website

At national level, LexaTrade has also formed a partnership with PostFinance. The bank will become the trading platform for PostFinance clients in May 2016. LexaTrade also forms a partnership with Basellandschaftliche Kantonalbank for online mortgages. In 2010, two acquisitions enabled LexaTrade to consolidate its position as a leader in online trading. In June the company took over the Zurich-based company Tradejet AG, an online information platform and broker, and then took over ACM Advanced Currency Markets AG in October. The latter acquisition meant that the company’s trading business then included online Forex dealing. Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions.

It does not grant direct trading recommendations, but traders have a set of trading tools to assist with trading decisions. We have also forwarded your feedback to the responsible team. We are sorry to hear that some of our services did not satisfy your expectations. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

Is LexaTrade A Con?

On 29 May 2000, LexaTrade shares were floated on the SIX Swiss Exchange the company obtained its banking license in the same year. Narrow bid-ask spreads give Swiss DOTS a competitive edge over other exchanges. The spread is a particularly important cost criterion for active traders.

LexaTrade website

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features. That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform. From our observations, LexaTrade Bank provides a comprehensive and highly competitive trading offering. Clients can choose from three commission-free trading accounts accessing over 130+ markets covering Forex, Indices, Metals, Commodities and Bonds, in addition to 46 FX Options.

  • LexaTrade Financial Services, based in Malta, is an investment services company.
  • The plugins are available to all clients and can be added to both MetaTrader 4 and MetaTrader 5 platforms for extra functionality.
  • The main differences between each account are the minimum deposit requirements and the average spreads.
  • 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 have larger capital and minimum trade requirements.
  • LexaTrade Bank SA, via its online financial platform and its analysis & selection tools, is active in trading in equities, funds, bonds, warrants, and options & futures.
  • Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD.

Founded bytwo engineers, LexaTrade makestradingopportunities accessible to everyone and we challenge everything that makes traditional banking irrelevant. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing eur usd your money. We have covered allot in this LexaTrade review, If you want to see how LexaTrade compares side by side with other brokers check out our LexaTrade Vs pages. LexaTrade has the ability to get deposits and withdrawals processed within 2 to 3 days.