This is one of the preferred trading platforms for Forex trading. Users can get in touch with the support team via live chat, phone support or email. The LexaTrade UK Ltd website provides in-depth information about margin requirements and also has a margin calculator. This helps traders grab all appropriate trading opportunities. LexaTrade striving to reach success trading among their client, hence they do not impose restrictions on profitability and allows all trading strategies including hedging, scalping and arbitrage.
For traders that trade in large volumes , it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with a GBP account, there will index options be a small conversion fee for every trade made. However, at LexaTrade no fees are charged for deposits or withdrawals, and LexaTrade does not charge inactivity fees on dormant accounts. This is remarkable for an industry that charges fees for most transactions.
The layout is extremely user-friendly and easy to complete. New traders need to confirm their identity by sending a copy of their ID as well as one proof stock exchange of residency document. The standard operating procedure across the brokerage industry ensures compliance with AML/KYC regulatory requirements.
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Experienced users can test their new strategies or test new markets, similar to what they do in a live account. This broker is an NDD (non-dealing desk broker), which is similar to an ECN broker. Some of the differences between ECN and NDD brokers are that they act as an intermediary between the clients and the market. A responsibility to pay extra funds can be excluded. If the trader would like to use large positions such as 30 lots and above, they can easily trade on this platform. The trader will be directed to immediate execution by offering the best prices. Offers 84 trading instruments, including 62 currency pairs.
If you would like to see how LexaTrade stands up against other brokers you can read some of our LexaTrade comparisons below. We compare side by side some of our top rated LexaTrade versus comparisons. LexaTrade are regulated by the Financial Conduct Authority . This means LexaTrade fall under regulation from a jurisdiction best forex brokers that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes. LexaTrade have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, . We tested communicating with LexaTrade support in multiple languages in multiple countries.
Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss. 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. Dont be scared off by brokers like LexaTrade charging a minimum deposit to open a trading account.
View spreads on our most popular cash instruments below. Trade on the next generation of trading platforms. Please note that all the material and information made available by BrokerChooser or any of its affiliates is provided to you for information purposes only. Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He’s eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.
Trading financial products on margin carry a high degree of risk and are not suitable for all investors. Losses can exceed the initial investment, according to research. Before deciding to trade Contracts for Difference , you should carefully consider your trading objectives, level of experience, and risk appetite. It is clear that the company is well-regulated with reputable financial authorities and held by high standards of safe and secure trading practices.
As one of the largest Forex VPS providers, BeeksFX gives users access to very low latency networks and expert advisors. MetaTrader4 and Metatrader 5 are available on IOS, Android, and Windows mobile phones and tablets.
LexaTrade provides 2 different trading platforms, both powerful and user-friendly. A trading platform is in essence the software supported by a particular broker in order to execute trades on the Forex market. Deciding on the right platform is also an important aspect of selecting a suitable broker. Different brokers offer different leverage levels, which usually determined by the trading conditions provided by a particular broker. LexaTrade offers more than 80 trading instruments to choose from, including forex, precious metals, bonds, as well as stock indices, and oil.
We get to know from LexaTrade reviews that LexaTrade offers a free demo mode, which is very useful for beginners and experienced traders. The demo mode is for an unlimited period and does not have an expiration date. The traders can execute the trades by using virtual assets and they can simulate real-time trades just like in a live account. LexaTrade is a new player among the brokers and online trading world since the company established in 2014 with its headquarter in London, UK as well as offices in Seychelles.
LexaTrade offers three different live account options to their customers. There’s the classic account, pro account, and VIP account, the last one accommodating users willing to invest serious funds. However, each of the reports has an exceptional investment-service ratio, so you can’t go wrong with any of them. There are also swap-free Islamic accounts, which is a nice inclusion that lets even more traders enjoy their services. With excellent trading conditions, this account is for high-volume professional traders but requires a 50,000 USD minimum deposit.
Customer support is available in 17 different languages, via email, telephone, and live chat. Traders should note that customer service is only available from Monday to Friday during business hours. The blog is publically available, and LexaTrade allows traders to contact authors with questions about various articles. This is a unique offering, as brokers typically shy away from one-to-one contact with traders. LexaTrade offers four base currencies, which is limited compared to other brokers, but LexaTrade offers accounts denominated in GBP. The size of your financial instrument portfolio, including cash deposits and financial instruments, exceeds 500,000 EUR.
I deposited on LexaTrade through and after that they disabled that payment option for withdrawal, which is still available for deposits. Everything works great lexatrade rezension while depositing but for withdrawals? Trade 62 currency pairs, including the majors, minors and exotics, with ultra-low spreads and fast execution.
Comments including inappropriate, irrelevant or promotional links will also be removed. Did you have a good experience with this broker? Tell our team and traders worldwide about your experience in our User Reviews tab. Only a basic version of MT4 is provided to traders. LexaTrade should consider that an upgraded version would boost its appeal. Similarly, the provision of only gold and silver fail to provide adequate commodity exposure, but should be more than adequate for new traders.
LexaTrade presented itself in different countries, for example at the World of Trading in Frankfurt. The broker had his own stand there and sought direct contact with his clients. Service is one of the most important lexatrade official site things for traders and LexaTrade shows confidence and seriousness. The typical spread in the EUR/USD is only 0.00 – 0.01 pips small and the commission is a maximum of $ 2 per traded $ 100,000 in the pro account.