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LexaTrade prides itself on offering a personal approach, comprehensive educational materials, and an award-winning platform. The company aims to create a long-term relationship with clients, giving them the necessary tools to successfully trade. Traders are offered the globally-recognised MetaTrader 4 trading platform as well as LexaTrade’s proprietary-based, yet feature-rich xStation 5 platform for web and mobile. The platform offers in-built trading calculators, an economic calendar, multiple order types and access to market sentiment indicators. 77 % of retail investor accounts lose money when trading CFDs with this provider.
- We do this to cause minimum disruption to our clients and as the markets are closed during these few hours of maintenance on a weekend, we’re confident it shouldn’t affect your trading profitability.
- Clients can also opt in to its free Mobile Trade Alert service and access a direct line of contact with Chief Market Analyst, who sends breaking news and key technical levels via Whatsapp.
- It is important to note that the high deposit requirement comes with extra trading privileges.
- It then uses flimsy excuses to ensure that the trader cannot withdraw their money.
- There is also the ability to open a trade with an instant order.
- Losses can exceed your deposits and you may be required to make further payments.
Due to LexaTrade’s regulation and authorization from various financial organizations around the world, you can count on the broker to maintain the highest level of security. You refer your clients to LexaTrade and they open up and account and start trading. You will then receive a commission based on the trading volumes that your clients generate. The one-to-one coaching sessions help you improve your technical analysis skills and tools, such as Market Geometry, Ichimoku, and Price Action.
Spreads And Fees
The source of this information is the website and the broker’s trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker forex is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business. Traders must proceed to choose a trading platform , an account type , currency, and language. Additional fees and costs are based on the instruments traders want to trade and the type of account they open.
When evaluating online brokers, always consult the broker’s website. Commodity.com makes no warranty that its content will be accurate, timely, useful, or reliable. Traders can also open a demo account, where they can trade risk-free for four weeks with £100k in virtual funds. LexaTrade provides its traders with access to about 48 forex pairs, including major currency pairs, minors, and exotics.
Trade Cryptocurrencies, Stock Indices, Commodities And Forex From A Single Account
Obtaining a license in South Africa is another step in the international geographical expansion of LexaTrade as part of our development strategy, leading to building a global brand. Asking users to self-select in this way means that their experience is personalised, with content delivered tailored to their specific needs immediately. Each user is cookied, so upon returning to the site they are not required to self-select again, enhancing their experience.
Hercules.Finance is a financial education website powered by a team of Financial Specialists and IT experts, mainly introduce solutions of Forex, CFD and Commodity Investment, and a number of Payment Services. With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services. For more latest information of the website, please visit hercules.finance. LexaTrade has established a partnership with professional information service, that provides real-time news focused on the economy, FOREX and other financial markets. Market news on trading platforms is crucial to stay informed. Moreover, technical analysis and charts of all the financial derivatives LexaTrade offers are available both on-line and in the off-line mode. So LexaTrade is pleased to introduce “Mobile Trading”, an opportunity to control your trading account via mobile devices including both iOS and Android.
Messages sent through email can take up to two weeks to get a reply. If 24/7 customer service is something you look for in an online brokerage company, then LexaTrade is not for you. Metatrader4 is one of the most preferred trading platforms in the industry because of its multiple trading tools. Additionally, Metatrader4 is in a position to offer automated trading thanks to its AI-based Expert Advisors. As mentioned earlier, LexaTrade offers a wide variety of tradable assets. Some of the products provided by this broker include commodities, stocks, currencies, indices, CFDs, bonds, and ETFs.
LexaTrade Pros And Cons
The open-door policy which includes a high level of support from its client support team. Established in 2004, LexaTrade is one of the largest stock-exchange listed brokers in the world with a presence in 13 countries, including the UK, Poland, Germany, and France to name a few. LexaTrade offers 25 different cryptocurrency assets to trade, among which you can find Bitcoin, Ethereum, Bitcoin Cash, Dash, EOS, Ethereum Classic, IOTA, Litecoin, NEO, Ripple, lexatrade rezension Stellar, and TRX. The asset classes include individual cryptocurrency CFDs, and cryptocurrency pairs like IOTA/BTC, EOS/ETH, and ADA/BTC. The sentiments tab allows traders to keep track of market performance. The custom sentiments feature also allows users to add personalized sentiments for insight. The site also hosts a live webinar section with a calendar of upcoming events and a trading glossary with terms used in CFD and forex trading.
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. The available financial markets are Forex, Indices, Commodities, Precious Metals, Stock CFDs, ETF CFDs and Crypto. With its decent and regulated service, the broker is especially popular in Europe such as Poland, Spain and France.
So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products. We also compared LexaTrade’s fees with those of two similar brokers we selected, eToro and Trading 212. This selection is based on objective factors such as products offered, client profile, fee structure, etc. Deposit and withdrawal are fast and mostly free, and multiple options are available including credit/debit cards and electronic wallets. LexaTrade offers 2 types of trading platforms, xStation 5 and MT4 .
LexaTrade Spreads & Pips
Utility bills and bank statements are accepted as proof of residency. LexaTrade’s account opening process is fully digital, fast and straightforward. Filling out the forms and submitting all the documents takes around 30 minutes. Once you’re done, your account will be verified within a day.
The support team is available 24 hours a day Sunday through Friday. Most of the articles are available to anyone, but some are locked and require a login. Any type of LexaTrade account gets full access to the news and analysis section. LexaTrade also features an economic calendar on its website, as well as within the xStation platform, which the company refers to as a market calendar. lexatrade official site As expected, this calendar includes a full listing of all the upcoming and current events that can influence the various markets. You can filter the search results by impact and country, or just view the whole thing. It is also possible to add technical analysis tools to MT4 without any use of MQL by downloading and saving a tool in the appropriate spot.
Open OANDA TradingView Account – Use 100 built in indicators Sign up to start using OANDA’s TradingView tools today for free. Trade over 1500 global markets with the highest rated FX & CFD Broker, LexaTrade. Easy access to up-to-date information is one of the most important elements for success in the OTC derivatives market. LexaTrade’s MT4 and xStation trading platforms’ mobile apps are full-functional trading terminal. You can see the market hour of each financial instrument on LexaTrade Official Website.
Desktop Trading Platform
LexaTrade has focused on growing its business in key Central and Eastern European countries, including Cyprus, Czech Republic, France, Germany, Hungary, Italy, Poland, Portugal, Romania, Slovakia, Spain, and Turkey. 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. Find out more about precious metals from our expert guides on price, use cases, as well as how and where you can trade them. Commodity exchanges are formally recognized and regulated markeplaces where contracts are sold to traders. We looked at customer reviews in two of the most reliable review websites – Trustpilot and Forex Peace Army.
If you have already traded with LexaTrade before, leave your review, opinion and rating of the broker to let other investors know your experience. LexaTrade is a Forex and CFD broker with xStation and MT4, offering 1500 financial markets. Contracts for Difference (“CFDs”) are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you. Losses can exceed your deposits and you may be required to make further payments. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. All contents on this site is for informational purposes only and does not constitute financial advice.
Bank transfers that you make to LexaTrade must come from banks that are registered in your full name, with the name matching that of the LexaTrade account. If this is not the case, you risk wasting time as the funds will return to the original bank account. Only the Standard and Pro Accounts are available to clients in the UK. Both of these types of accounts for UK clients use floating spreads, with Pro Accounts also featuring market execution. This involves paying a small commission in order to reach market levels. A UK Standard Account spreads float with a minimum of 0.9 pips, while Pro Accounts have a minimum spread of 0 pips, which are also floating.
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