LexaTrade Review Wikifxscore

MetaTrader 4 is user-friendly, customisable, and designed to let you trade with ease on desktop or mobile trading . By virtue of my profession, I spend a lot of time on the road, and online trading is not suitable for me. However, I constantly listen to the news and, looking through the conditions of different brokers, I saw that LexaTrade is suitable for trading on the news. Now I am engaged in intraday trading and am quite pleased with the work of the company, which also provides protection against a negative balance. I also registered on the Traders Union website, and this gives me additional savings. LexaTrade is one of those brokerage companies that combine technology and a large set of functionality.

Demo account is provided by the LexaTrade for free to all traders. You can use the demo account to practice and learn forex trading.

As part of this service, consumers get access to an array of analytical tools for forex online trading, including a copy trading platform. We will go through LexaTrade copy trading in depth, including how to duplicate trades on the platform, how to identify a trader, and the broker’s copy trading terms. LexaTrade offers the MT4 and MT4 WebTrader trading currency platforms. LexaTrade.com offers over 60 currency pairs, gold, sliver, bonds and cfds for your personal investment and trading options. LexaTrade provides a an extraordinary range of instruments for traders to trade on that are all wrapped as CFD’s, including a variety of German Government Bonds. All instruments are equally available in both the Seychelles and the United Kingdom.

LexaTrade forex brokers reviews

Please note we are not making any transaction on behalf of the clients. What a liars and cheaters, trading business itself is very difficult, on top of that LexaTrade want to cheat clients by stealing money with their exchange rate. LexaTrade use cheap tricks to lure clients with their local deposit/ withdraw options. Initially, when i deposited my fund with LexaTrade the exchange rate was excellent, and the payment system used was paymero. After about 3 weeks or so, they removed that local payment option with other one called ” India Instant payments’. So whatever amount you deposit the exchange rate was 9% expensive, the same case for withdraw.

Detailed Review Of LexaTrade

Aside from the forex market, the asset range is noticeably limited. The MT4 trading platform is only available in its most basic form. LexaTrade’s Spreads in the Classic lexatrade cheating account are not very competitive, while the Pro account offers a competitive pricing environment and hence is a superior choice for the same deposit size.

LexaTrade forex brokers reviews

LexaTrade’s fees depends on your account type with them but overall we found it to be very competitive. We have researched & following is a breakdown of their trading & non-trading fees with all their account types. Competitive spread of 1.6 pips on average for EUR/USD with their Classic Account. The spread is even lower with their Pro account (0.1 pips spread + $4 commissions per Standard lot). LexaTrade has a great mobile trading platform, we really liked its design and user-friendliness.

Equipped with all the same functions as the original, the WebTrader version has enhanced security with data encryption. However, the trade execution time is a little more lagged. As this review indicated, LexaTrade, a forex online trading broker, is a new, rapidly growing firm with a lot of potential eur usd to outperform its competition. WebTrader is a trading platform that makes trading as simple as possible. It is the same platform as MetaTrader 4, but you may now access it straight from your browser. This feature provides immediate access to trade at any time and from any location.

Other Platform

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Also, the impressive list of trading instruments includes not only currency pairs, but also bonds, which is very beneficial for me as a businessman. Good spread and good costs, but it’s the worst support I’ve ever seen. I needed to check another way to withdraw my money, support didn’t help at all, a simple email saying I needed to make a deposit via transfer so I could withdraw to my bank was enough. LexaTrade offers a total of 85 tradeable symbols encompassing mostly currency pairs, with barely a dozen CFDs on indices, metals, and bonds. The following table summarizes the different investment products available to LexaTrade clients.

Nothing in this site should be read or construed as constituting advice on the part of LexaTrade or any of its affiliates, directors, officers or employees. Connect directly to the world of Futures with no frills via regulated trading exchanges including the world leading CME Group. LexaTrade has NAS100 or NASDAQ instrument as a CFD on their platform. USTEC CFD index instrument is available on their Metatrader platform with a typical spread of 1.93 pips. Overall, there are one of our recommended brokers that South African traders can choose to trade. We found LexaTrade’s support to be lacking in some parts. For both chat & email, we asked them basic questions, below is a review our overall experience with their support.

LexaTrade forex brokers reviews

LexaTrade is an award-winning global ECN broker, authorized and regulated by the FCA of the United Kingdom and the FSA of Seychelles. LexaTrade offers its retail and institutional clients various trading services with a prime focus on Forex, Stock Indices, Commodities, CFDs and Precious Metals. Our team members have trading experience that goes back to 1989 and we have successfully traded all major financial markets from Asia to North America. Like most forex brokers, LexaTrade utilizes the MetaTrader 4 trading platform which is available on Mac and Windows PC’s, as well as Android and iOS devices along with a web version. Traders will be able to receive a VPS service on them, allowing clients to install EA apps which means there’s no need to visit it’s desktop counterpart. The company also offers MyFXBook services, providing traders with tons of educated choices when it comes to trading, both available through the copy-trading platform and the AutoTrade platform. First thing I can say about LexaTrade forex broker is that it is one of the fastest growing brokers in the world.

Other Categories Of This Broker

We encourage you to check out LexaTrade for yourself by clicking on this link. Opening a demo account is fast, risk free, and absolutely free of charge.

  • Its product range is limited to forex, CFDs on some stock indexes and commodities.
  • LexaTrade is a plain vanilla MT4 broker offering a minimal selection of tradeable securities.
  • Forex market, as well as CFD and cryptocurrency trading, carries high risks and is not suitable for everybody.
  • Clients of the UK broker are protected by Financial Services Compensation Scheme-FSCS as well as FCA.
  • You will find that client funds are stored in segregated accounts, along with the provision of negative balance protection and investor protection.
  • In addition to all of that, the broker employs an immense promotional package with multiple trading contests and championships along with the no deposit welcome bonus and NFP machine.

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same. Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about LexaTrade you need to go to the broker’s profile. Then you will be offered to choose a type of trading account.

Markets Research & Trading Tools

All you need to know about the LexaTrade customer service. LexaTrade provides negative balance protectionfor retail customers. If the balance on your account goes negative, you will be protected.

LexaTrade forex brokers reviews

I am experienced trader who has account with over 10 brokers, and what they say is completely absurd and not acceptable! Difference in their price from true price is almost 300%, no LP can justify that. There is only one true WTI CFD price and it is between 26$ and 27$ for barrel at the moment I am writing this review.

Non trading fees are fees charged to the trader from the broker on transactions that are excluded from trading. LexaTrade does not require a fee for depositing funds into your trading account or for withdrawing funds from your trading account. You are also not required to pay an inactivity fee, if you happen to stay inactive for a period of time.

Exceptional Trading Conditions

Get access to major international stock indices and Oil with no commissions or requotes and no hidden mark-ups. Get direct access to a range of CFD instruments with some of the lowest spreads available on the market. Also, their instruments other than forex are somewhat limited. Yes, we do recommend LexaTrade South Africa as they are a good & reputed broker with low trading fees. The number of CFD trading instruments available at LexaTrade are lesser than other brokers that we have compared. LexaTrade South Africa has a minimum deposit of $100 for Classic & Pro Accounts. We consider LexaTrade to be low risk CFD platform considering the fact that they are regulated with FSCA & also have regulatory licenses from a number of other Top-Tier regulators.

LexaTrade forex brokers reviews

BrokerChooser.com does not provide any investment advice, we only help you to find the best broker for your needs. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. LexaTrade’s live chat is of average-speed but they are eager to help you and will make screenshots for you if it helps explain things. LexaTrade phone support was fast and we got relevant answers. We also liked Autochartist that gives trading ideas based on recognized chart patterns. LexaTrade has a handful of authors, called experts, who publish daily blog-like posts that explain and comment on market events. These short posts often showcase a chart and present trading opportunities.

LexaTrade forex brokers reviews

As for Myfxbook, is a copy trading platform that allows you to view the trading strategies of expert traders and duplicate them as your own, becoming an experienced trader without facing lexatrade cheating any financial exposure. The Forex Calculator offers the option to calculate all major and minor currency pairs, giving you accurate calculations on the Forex pair you selected.

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