It could be a win-win for all as the traders can use a well known broker and Lexatrade and the broker gets more clients in other lucrative geos. For example, you can do one touch easyTrades on the mobile app as well as Freezing the rate and Deal Cancellation. You also have some charting functionality although this is not nearly as effective as the web-based tradingview charts.
Spreads vary based on the product, as well as the trading platform used by the trader, namely the web trader/app and MetaTrader 4. The live support options through Live Chat, Whatsapp, Viber etc are available 24 hours a day 5 days a week. This should not really be a problem for most traders apart from those who are trading crypto on the weekends.
The trading costs included into the fixed spread with 0 commissions divided and defined by the trading account you operation through. Over the years of expansion Lexatrade CFDs offering the range currently includes Forex instruments, global indices, energies, metals and cryptocurrencies including Bitcoin, Ripple and Ethereum.
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Easy Markets holds all the funds in a separate bank account “Bankwest”. The account is owned by Commonwealth Bank of Australia allowing for fast transfers and offering stability to the account. The minimum lexatrade cheating deposit usually varies from one account to the other, but the lowest is set at $200 for Standard Account (VIP Account is set at $50,000). With just $200, traders can start to make a contract online.
- In order to ensure a smooth withdrawal process, be sure to keep your personal information, as provided to you on the broker’s website.
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- But since they gave me a $300 signup bonus, the loss wasn’t really out of pocket so I guess I will give them the extra star for a 5 star review.
- Real stocks are available only for clients onboarded under CySEC.
Open an account and trade with an Lexatrade demo account today, to test these services for yourself. The broker’s web-based trading platform features no slippage on stop orders, guaranteed stop losses and fixed dealing spreads. The broker also offers negative balance protection, so you can never lose more than your initial deposit if a trade goes drastically wrong. Lexatrade offers an excellent feature for their client, known as the dealCancellation option, which allows traders to undo their losing trades with 60 minutes of opening a position. DealCancellation is especially useful for trading news events and investing in the markets during volatile market conditions, but traders can also use this option during regular market hours. Traders are given the choice of trading on its proprietary platform or the MT4.
Deposits And Withdrawals
The CySEC is affiliated with the European Central Bank and other European regulatory authorities, which brings it directly under the MiFID derivatives and EEA initiative. CySEC Forex brokers can operate in any part of the EU with a valid CySEC license, which allows Lexatrade to offers its services to traders from the EU without any additional licenses.
It caters to News Headline and Financial Calendar, which are important ingredients for fundamental analysis. In the beginning, the firm started accepting initial deposits from $25 and only offered Forex to trade at the time, until it grew to the company that it is now. Over the years, Lexatrade expanded its trading options and CFD offerings to include global indices, energy, metals, and more. In 2016, the name of the company was changed from easy-forex to Lexatrade. The major focus of ForexMentor.com in terms of additional features is its “Coaches Corner” and premium service.
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Beginners can take advantage of a large variety of educational material and videos, which include tutorials and basic one-on-one education. Demo accounts can help you practice trading and you can test out Lexatrade’ web trading platform with a trading simulator. The web-based platform allows traders to navigate between different trading instruments. Traders have access to over 200 markets including spot trades, forwards, and options. The Lexatrade trading platform is known for its innovative features, including its proprietary dealCancellation tool, and its emphasis on transparent pricing.
There are 9 courses and each course is made up of video lessons. The entire academy teaches about the financial markets, trading strategies, market analysis, risk management, and trading psychology. Access to the academy training is free but requires registration.
Compare the best CFD brokers to find which one is best for you. Choose from our top six picks based on platform, security, commissions and more. Lexatrade is headquartered in Limassol, Cyprus within the European Union and submits to regulation under the Cyprus Securities and Exchange Commission’s (CySEC’s) oversight. The broker is subject to the rules and regulations specified in the EU’s Markets in Financial Instruments Directive and includes the segregation of client funds from its own money. The upper menu of the screen contains the available balance, the amount at risk, profit/loss statistics, and the CFD margin level.
All of the Lexatrade educational material can be found in the Lexatrade Learn Centre and is split across six sections. Algorithmic trading, which allows any trading strategy to be formalised and implemented as Expert Advisors. The account will be ready for trading once documentation has been verified, which usually takes a couple of hours. This is a $5 TRILLION per day trade, there’s so much liquidity that no one person has an “edge” over others.
We also compared Markets.com’s fees with those of two similar brokers we selected, FXTM and FP Markets. This selection is based on objective factors such as products offered, client profile, fee structure, etc. The company features multiple screenshots of customer testimonials from their telegram group. The general feeling is that the customers are enjoying the services the company offers. They believe that even novice traders can use their services.
If then they are satisfied with what they see, they can determine when to withdraw their money. It is well-regulated and has a strong track record since it has been in business since 2001. Lexatrade has a very high trust score, compared to other brokers. With this tool, you can temporarily stop the fluctuations of the prices of an asset of interest in order to quickly open a trade position at the frozen price.
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At home or on the move I can always keep track of my trading positions. Offers all the services you would expect from a competent online forex company. I was new to trading forex and was attracted lexatrade broker reviews to easy-forex as they have a personal training program set up to help you succeed. I spent a lot of time with my account manager who helped me set my account up and guide me through the process.
This platform is simple, yet allowing to quickly access Lexatrade CFD and easyTrade platform. It has powerful tools and will give you an exciting trading experience. Lexatrade offices are located in Shanghai, Sydney and Limassol , as well at the Marshall Islands to be able offer services globally and provide personal customer service. The company strives to deliver trustful trading conditions in response to market volatility with fixed spread and no slippage, thus the traders always know their costs. Trade 300+ markets including currencies, commodities, metals, vanilla options and indices from one place without the jargon, complicated offers and confusing terms!
So, if you learn to use it on Lexatrade and would like to move to another broker then it is really quite simple. You will also notice that on the order form you can switch between the different instruments. The lexatrade forex brokers reviews default it the easyTrade but you can also switch to Day Trading as well as to trade the forward markets. Taking a look at the standard UI, you have all of your key account metrics at the top of the platform.
Another really important consideration for any trader has to be the fees and spreads. These are, after all, the factors which can directly impact on your trading returns over the long term.
Therefore, we cannot take this mode of presentation as reliable. We found the customer support responsive and polite, but unable to answer some of our questions. For example, they could not provide any information on the swap fees of the various instruments. Support is offered 24/5 via email, live chat, messenger services, and telephone in a range of languages, including English, Chinese, Arabic, Spanish, German, Polish, Japanese. Lexatrade’ customer support is average compared to other international brokers.