For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line. LexaTrade is a leading online broker with multiple regulations, a large range of trading instruments, competitive spreads & zero commissions. They offer powerful & user-friendly trading platforms, flexible account types, advanced trading tools & educational materials. LexaTrade is a leading online broker with multiple regulations, a large range of trading instruments, competitive spreads and zero commissions. They offer powerful and user-friendly trading platforms, flexible account types, advanced trading tools and educational materials. LexaTrade is a high-quality Forex brokerage where you can enjoy tight spreads on some 70+ currency pairs .
The latter, Themes Trading, provides more quality trading ideas based on trending themes. It does not grant direct trading recommendations, but traders have a set of trading tools to assist with trading decisions. The primary regulator of the LexaTrade Bank AG is the Swiss Financial Market Supervisory Authority , one of the most trusted global regulators.
In addition to the 30+ built in indicators, users have access to thousands of free and paid custom indicators and EAs from the MQL market place which can be accessed from within the platform. You can download the Advanced Trader desktop version and use the mobile or web versions of the platform if you need to trade whilst on the move. The web version allows you to trade from directly within your web browser without needing Currency market to download any software. The mobile version is available for all iOS and Android devices from the relevant app stores. This made me write this review, because it pissed me off today morning, when I found my profitable position closed. It was closed with profit, but I didn’t close it, my TP didn’t close it and I didn’t plan to close it so early. If they let this position run, my profit would be doubled by now.
There are government bonds based on US, UK and German government securities. A vast range of commodity CFDs including metals and energies lexatrade forex broker are also available to trade. LexaTrade have a team of expert analysts and researcher who conduct live daily and weekly market reports.
Yes there is cheaper but this is a premium swiss broker and that comes a slightly higher costs. Additional account opening – terrible, bacause you have to wait couple days. What is automatic 3 clicks process with other brokers , here it takes 3 days. The guy there doesn’t know much, plus their policy on not helping people over the chat is also terrible.
Usually, you can find a lot of details about the LexaTrades and its management and the owners. It is nice to know more about the bank and the broker, though the site is quite confusing to start with. Aside from the merger, there are still other sites for different brands.
What We Like About LexaTrade
For Forex traders, LexaTrade offers MetaTrader 4, MetaTrader 5, Advanced Trader, Autochartist, FIX API, and the Access Platform. • Easy to access worldwide as well as domestic money transfers. The WebTrader is somehow good for first-hand traders as well as professional traders. All of the structures you are looking for coming from the FX platform are there, so there is no need to download the software to use it.
The UK site for LexaTrade does not offer any bonuses or promotional deals to clients. However, the Swiss-based platform offers many promotions to European traders and banking clients. For example, this bank/broker offers a trading credit of CHF 100 if you recommend the broker to your friends. This trading credit is a virtual amount with a variable value. The company was founded in 1996 as a game changing entity in the world of online banking and trading. The company’s principal objective is to redefine online banking with sophisticated tech a.k.a. artificial intelligence technology, ePrivate Banking, robo advisors, and more.
LexaTrade Offers A Wide Variety Of Tradeable Instruments
This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer lexatrade official site support. We update this methodology and our recommended reviews yearly, so that you’re only given up to date information.
Today the broker is regulated by the Financial Market Supervisory Authority and the Financial Conduct Authority . LexaTrade offers quality market commentary on its website under the Newsroom section. The former, published each trading day, offers market commentary with some of the most market-moving events and analysts’ upgrades or downgrades with price targets.
Whats The LexaTrade Trading Experience Like?
Nevertheless, every trader should learn how to use leverage smartly, as high rates increasing risk levels too, which may cause loss of money. In general words, the sharp regulation of the broker means that every transaction and action it does is overseen and reported strictly. This bank provides accurate pricing systems via most widespread trading platform.
- LexaTrade allows UK traders to deposit funds via credit card , China UnionPay, and eBanking.
- If you are interested in trading with LexaTradein any capacity please take the time to read and research the whole LexaTrade review.
- On the eTrading platform, news can show up in multiple languages at the same time, so be sure to set your favored one in the top right corner.
- Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.
- However, we were disappointed to find that found all the video tutorials are in English, however, the webinars are available in various languages.
- This brokerage is fully licensed and regulated by the FCA, and FINMA.
The desktop version caters to advanced traders and includes automatic pattern detection. LexaTrade also maintains superior capital reserves and enjoys an excellent relationship with clients. BrokerChooser.com does not provide any investment advice, we only help you to find the best broker for your needs. Is LexaTrade legit features all the key aspects you need to look at to see if a broker is safe and legit.
LexaTrade Account Funding
The private Swisscote clients were able to get the stock market access at a very beneficial rate. They also offer supplemental services that were made for corporate customers and asset managers as well. It also offers real-time updated info to enable the clients to deal in the financial market at their own pace.
LexaTrade offer three forex trading accounts with their PRIME non-commission forex account EUR/USD spreads from 1.0 pips. LexaTrade offer powerful and user-friendly trading platforms, flexible account types, advanced trading tools and educational materials. Spreads are competitive whilst there is zero commission charged. The support team is very prompt, polite and efficient with their responses. LexaTrade provides traders with a range of free to use, user friendly and award-winning trading platforms, complete with premium trading tools and plugins. They offer daily news reports and expert market analysis along with educational materials to increase your trading knowledge and multilingual client support.
I really enjoyed your website, searching for the best broker for my wishes. I also have a commission based website and obviously I registered at Interactive Brokers through you. Formally, LexaTrade Bank Ltd is based in Switzerland and is regulated by the Swiss Financial Market Supervisory Authority , the country’s financial regulator. Each broker was graded on 108 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure .
MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn’t support Automated Trading scripts like Expert Advisors. 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. A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.
LexaTrade has been operating in the industry for a good number of years, and its banking experience certainly goes a long way to backing up its reliability. There is a good choice of trading platform and a wide range of trading instruments to choose from. The spreads offered are competitive and it has a great reputation internationally, which is going to put you in good stead. If you like the sound of what they have to offer give the demo account a whirl first, so you can get a feel first hand for the services of this secure and trusted broker. Swiss Quote offers the MT4 and MT5 forex trading top platform. LexaTrade.ch offers over 90 forex currency pairs, cfds, commodities, stocks, options, futures, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options. LexaTrade is one of the Top 10 online Forex brokers globally.