Lexatrade Review

We review online brokers, provide tips and guides to trading, as well as news on the latest developments in the industry. Despite such limited offerings, there are plenty of resources that traders can access if they wish to track and invest in crypto pairing CFDs, such as market commentary and news updates. At the time of writing, there is a first deposit bonus, a refer a friend bonus, and a partnership program. Do note, however, that these bonuses are only available with non-EU accounts. Overall, the range and depth of assets available to trade are limited compared to other similar brokers, but Lexatrade excels in its Forex offering.

  • With the “deal cancellation”, you can undo losing trades within an hour for a small fee.
  • Lexatrade has a consumer rating of 1.89 stars from 9 reviews indicating that most customers are generally dissatisfied with their purchases.
  • When evaluating online brokers, always consult the broker’s website.
  • These offerings are more extensive than the base currencies that are accepted by many competitor platforms.
  • Lexatrade offers a number of excellent risk management tools and the services of Trading Central and Trading View.

First of all, you’ll have to sign up and register your Lexatrade account. Here you have the choice of one of the basic accounts or the VIP Trader Account. Once you’ve completed the form, you’ll have to wait for your account to be verified. Benzinga is your source for anything Forex, lexatrade scam and we’re detialing the best forex books to read when trading in this profitable market. FOREX.com, registered with the Commodity Futures Trading Commission , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade.

How Lexatrade Brings Value By Different Account Options?

Ensure that you know how derivatives and markets operate and whether the risk can be afforded. While using their proprietary platform, traders have the option to cancel a trade within the first hour after opening it. Before opening the position the trader has to activate the “dealCancellation” option and will be charged a small premium, meaning a slightly higher spread. When a trade is placed on the market and the dealCancellation option is activated, a countdown clock will be visible showing the time left to use this option.

Additionally, Lexatrade’ processing times are around the industry average. For new registrations, the demo is unlimited and will never expire. Demo accounts are suitable for beginners, but also for testing Lexatrade’ proprietary trading platform.

Thank You Sister,please Pray For You And Me To Happy Life With Lexatrade ,

A financial calendar is available which can be filtered to provide relevant upcoming financial data; potentially market moving events are shown in red under the volatility column. The blog is the sole section where Lexatrade provides in-house lexatrade forex brokers reviews content. On the whole, the research section is quite unremarkable, and the market analysis section is sorely lacking in substance and could do with a complete overhaul. Easy Markets holds all the funds in a separate bank account “Bankwest”.

Lexatrade rezension

As of 2020, Lexatrade also extended their dealCancellation feature to be applied up to 6-hours after submitting a trade. Before you consider trading cryptocurrencies, you may want to learn about how cryptocurrencies are mined and what experts think about them from our general guides. And that is also presented by the availability on trading vanilla options, which allow you to hedge against volatility and perform long term trading. An online cashier to make account funding is easy and straight forward process at Lexatrade available through the client area. T&C’s apply to each of the offers above, click “Visit Site” for more details. At Lexatrade clients can receive up to 50% for their First Deposit Bonus up to $2.000, excluding the EU clients. Easy Forex Trading Ltd, who conducts its business as Lexatrade, is licensed and regulated by the Cyprus Securities and Exchange Commission.

I did trade on 3rd April and close my transaction on 6 april mean while you send me my statement on my e mail. If i did something wrong why you didn’t close my positions at that time. Even for the statement of 6 April you send me my statement with my transaction close with profit.

However, depending on the destination of the withdrawal, it may take between 3 to 10 business days for funds to arrive. Customers should consult the Deposits & Withdrawals section of the Lexatrade website for details about withdrawal times. Other documents, such as credit card statements may be required depending on your account activity. Lexatrade notifies customers if it requires additional documentation. Withdrawals via bank transfer require a minimum of €/$/£50 to be withdrawn.

Is Lexatrade A Good Platform?

Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Easy Markets broker does not charge any commission on all trades. It also provides fixed spreads unlike other Forex brokers who also offer fixed and variable ones. Moreover, the spread will depend on the type of account owned, with Standard Account attracting 3 pips while the VIP Account attracts 1.8 pips.

Lexatrade rezension

Their own web trading platform, Visual Trading Machine, runs automatically from a web browser, via the company website. Alternatively, there is the very popular MetaTrader 4, for those who prefer a globally recognized Forex trading platform. Lexatrade is also available on mobile, so traders will have no problems wherever lexatrade courses scam they choose to undertake their trading. There are a range of solutions, whatever type of mobile device you choose to use with Lexatrade mobile trading apps. Lexatrade, in its original iteration as easy-forex, was founded as a Forex broker in 2001 with the overarching goal of democratizing Forex trading.

My trading style is swing trading on the daily chart, which is definitely doable with these spreads – but then you run into their swap rates. Even pairs where taking a long would result in you being paid quite decently on the swap by another broker, you are almost always paying Lexatrade.

You have all of your markets on the left, the order forms on the right, charts on the right and the live, pending and past orders in the bottom panel. With STP brokers, your orders are routed straight to the liquidity providers. This means that the broker does not manage the order and hence cannot protect you from any potential market moves that take you into negative equity. When you have this account level, you will get your own personal account manager. You can reach out to them at anytime on account related queries.

Once you begin trading with a verified broker, you must make your own inquiries as to the suitability of any derivatives products. Lexatrade guarantees that your trades will be executed at the price you indicate. Particularly during unexpected economic events, traders tend to suffer from slippage, meaning the order is executed at a different price from when it was placed. Another interesting Lexatrade tool is “Inside Viewer”, a market sentiment indicator that presents insights on other traders’ preferences on the market at any particular moment. Inside Viewer is present by default on the interface of the web-based platform of Lexatrade. This means you cannot lose more money than your current account balance, no matter how wildly the market fluctuates.

Taking a look at the standard UI, you have all of your key account metrics at the top of the platform. This is the standard trading plaform that you will access through your web browser.

Lexatrade rezension

Much like the desktop platform, the Lexatrade mobile application has plenty of useful trading features and tools to offer on both iOS and Android. The choice of the platform goes to an award-winning Lexatrade intuitive platform based on Web, thus, does not require installation while is adjusted to the computer’s system. Equipped with a suite of comprehensive tools to support trading along with the tailored by the Lexatrade powerful trading conditions it is a good option to trade. Therefore, and as a part of its commitment to its clients, Lexatrade has always remained transparent, trusted and regulated financial service provider. The regulatory commitment requires the utmost level of security in various ways and includes clients’ safety of funds to assure integrity and safe performance. A trading name of the Easy Forex Trading Limited is a Cyprus established financial services firm with registration number HE regulated by CySEC in Europe that complies with MiFID set of rules.

The Knowledge Base is a collection of articles on topics useful to new traders. Freeze Rate – another unique tool, Freeze Rate allows you to freeze a price you see for a few seconds.

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