I can warn also traders that in LexaTrade is very high fluctuation of emploees so it means that people also dont want to work for them. LexaTrade is a next generation investment company that provides access to a variety of financial services, focusing on international financial markets. LexaTrade does not yet offer traders MT4 & MT5 trading platforms. Currently, the company supports the trading platforms LexaTrade for desktop and mobile devices, MT4 CoMT4 connection, API for automated trading, and FIX connection. The broker in question is more focused on working with corporate clients, but does not deny registration to ordinary individuals. Perhaps this is why there is much less emotional feedback about this participant in the global financial market than in the case of ordinary forex brokers. By viewing and browsing through any materials, information, news, reviews, analysis and research provided on this site you agree that this is general market commentary and education materials only.
This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.
The broker’s clients can buy and sell the available financial markets using the LexaTrade trading platform. It is a proprietary trading platform that is built to ensure the ease of trading multiple financial instruments from a single multi-currency account. It has a network of 750 servers across the world to make it possible for some of the lowest latencies and safe data transfers to be carried out on it.
The educational department at LexaTrade is quite enlightening for new traders since it allows them to have a closer look in the financial markets. LexaTrade caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading. 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.
Broker Comparison Table Of Trading Instruments
Their main values are to provide innovation, transparency, security, and quality. This review is intended to look at the services being offered to see if they live up to these values and so you can decide if they are the right broker for you. Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility.
Every online trading platform has a few ups and downs, and no LexaTrade review would be complete without showing both sides. This LexaTrade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect. 72% of retail investor accounts lose money when trading CFDs with this provider. Between 74-89% of retail investor accounts lose money when trading CFDs. LexaTrade is regulated by the Malta Financial Services Authority . One of the most important criteria for traders when choosing a broker like LexaTrade is the regulatory body and regulatory status of the broker.
LexaTrade Research & Education
Anyone can leave feedback about LexaTrade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market. Forex.Academy is a free news and research website, offering educational information to those who are interested in Forex trading. Forex Academy is among the trading communities’ largest online sources for news, reviews, and analysis on currencies, cryptocurrencies, commodities, metals, and indices. Deposits an only be done via Bank Wire Transfer, they can be done in GBP, USD, JPY, EUR, CHF, RUB, SEK, CAD, HDK, MXN, PLN, CNY, NOK, SGD or AUD.
- However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings.
- With Malta being part of the European Union, this registration allows LexaTrade to offer their services to any EU citizen due to passporting rights.
- Instead, the Broker has developed its multi-functional automated trading platform.
- There is no slippage, money well-received and withdrawn quickly.
- The support team can be contacted through telephone, email, online form, and social media.
- LexaTrade caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.
The technology embraced by LexaTrade is of the highest caliber, making sure that it’s fast, dependable, and effective. The broker goes to great lengths to comprehend what traders need. The broker also provides a variety of platforms for all types of traders. LexaTrade ensures that the individual needs of all traders are duly met. Dep 10,000 euros, bigger than in other brokerages, but the service is good.
What We Like About LexaTrade
Regulatory authorities protect the traders with things like reimbursement schemes that regain the client’s investment in the event the broker becomes insolvent. Having any money you deposit with LexaTrade means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if LexaTrade goes out of business for some reason. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets. LexaTrade only support Deposits and withdrawal by bank transfer and the withdrawal fee is 30 EUR support 7 currencies including .
Unlock stocks, ETFs, bonds, futures, options, metals, fiat and crypto currencies. The single account provides tight lexatrade reviews variable spreads, with an average of 0.3 pips on EUR/USD, but also includes a Fee of 0.5 pips per trade.
As well, the brokerage has branches located in cities around the world including Dubai, Moscow, Saint Petersburg, Kyiv, Almaty, Riga, Malta, and Cyprus. As LexaTrade is an international trading brokerage, they offer their financial services in 7 different languages and are authorized and regulated to provide financial trading services in numerous jurisdictions. For instance, LexaTrade is licensed and regulated by the Malta Financial Services Authority , the Cyprus Securities and Exchange Commission and is governed by the Markets in Financial Instruments Directive .
The income you may get from online investing may go down as well as up. LexaTrade is a very safe, secure and fair online trading brokerage with an outstanding reputation in the online trading industry. The brokerage is licensed and regulated by not one, but two highly reputable European regulatory authorities . LexaTrade is very transparent with their services and operations and traders are never left in the dark regarding associated fees, investable products, trading conditions, etc. LexaTrade cares deeply about their customers and keeping their money, investments and personal data safe. All in all, traders do not need to worry about the LexaTrade brokerage offering fair and reliable trading services.
We are the only service that follows the reviews and ensures that they are left by real people, and not by competitors or anyone else interested lexatrade official site in improving or deteriorating reputation of the broker. Later on I start trading everyting was alright spreads and swaps was fine.
Champion Fx Review
Finally, there is a demo account that is available for people to use to try out trading without fully committing to the platform or losing any money. The demo account is only available for a certain amount of time, after which a decision top forex brokers needs to be made. LexaTrade is a multi-asset brokerage firm that offers access to trade multiple financial instruments via sophisticated trading platforms. All the services on the Tradersunion.com website are free for you to use.
I started my acquaintance with the LexaTrade terminal with a demo account. There you can understand the entire process in detail, so that during real trading you do not get distracted by searching for the necessary function. The terminal is convenient, well-designed, and does not hang up. If you have any questions, technical support quickly and correctly explains any matter. Demo accounts are available, it can be accessed by clicking the demo account button and this will bring you to the WebTrader where you can test things out. Trade sizes are based on volume and price rather than lot sizes, so in order to trade a micro lot (0.01 lots), you will instead need to trade the value of 1,000.
Many of the reviews that have been prepared on LexaTrade have seen an attempt by the authors to compare this company with numerous brokers who actually stand at least a step lower. This moment must be remembered, studying the main characteristics of the presented trading platform.