LexaTrade Review & Ratings 2021

The platform is available as a desktop or web terminal, once you have opened an account. Rest assured because plenty of LexaTrade alternatives exist in the legacy broker world.

It will detect and highlight 17 of the most commonly used chart patterns along with a colour coded pattern strength indicator. This tool can present you with potential trading opportunities on multiple currency pairs and timeframes.

Trading Account

LexaTrade strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your LexaTrade trading account. LexaTrade provide 24/5 customer support via online chat, telephone and email. They have a multi lingual support team with offices in London, Gland, Zürich, Bern, Dubai, Malta and Hong Kong.

There are also some PDF user guides available within this section. LexaTrade have 3 award-winning, powerful and user-friendly trading platforms to choose from. There is the popular MetaTrader 4 & MetaTrader 5 platforms as well as the in house developed Advanced Trader platform. There is also a FIX API trading solution for institutions, corporations and sophisticated traders who need a more specific and bespoke trading environment. This is a free account that uses virtual money so there is no risk involved. With the demo account, traders can access the full features of their platform of choice. Any beginners should definitely make use of the demo account before trading real money on a live account.

Best Brokers

Historical performance is by no means a guarantee for future performance. A Financial Information eXchange protocol is the international standard for trading electronically and was developed to enable greater connectivity among market participants.

However, on some markets, technical constraints mean that the mobile apps will redirect you to the LexaTrade lexatrade courses scam website. Currently, you may access directly on SIX, US, Swiss DOTS and Options & Futures.

Unfortunately, quite like the majority of the online brokers we have reviewed LexaTrade does charge a withdrawal fee of $10 for the bank transfer. This means that you need to pay this amount of money when you transfer your money back to your bank account. It’s up to you to decide whether this is a high amount scammed by lexatrade or not as it’s dependent mostly on the size of the transferred amount. Non-trading fees include various brokerage fees and charges at LexaTrade that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

Creditors of LexaTrade would not be able to access those funds. The FCA also has strict rules regarding reconciliations, record-keeping, providing statements, and annual auditor reports. LexaTrade is a broker offering traders access to forex and CFDs. This is the London subsidiary of the larger LexaTrade Bank which is publicly traded on the Swiss Stock Exchange and offers access to a large range of products. In this review we will be looking at their CFD & Forex Trading offers. Robo-Advisory is the perfect solution for anyone looking for an asset management solution that allows them to stay in total control without having to constantly monitor the markets.

Meanwhile, the Switzerland-based LexaTrade executes trading through the combination of a dealing-desk and an agency. Though the Switzerland LexaTrade is a more expensive trading investment, it features a wider array of trading instruments and services compared to the cheaper U.K. LexaTrade is an established, safe, and known financial firm in Switzerland. This service provides real-time information about options for European options and futures. This offer is aimed at private clients who wish to use it for strictly personal purposes.

The tools are adaptable thanks to customized searches and filters. Beginners will appreciate the trading opportunities from the Autochartist plug-in.

Why LexaTrade?

We have also forwarded your feedback to the responsible team. We take our clients’ requests serious and are glad for any suggestions on how to improve our services. We would like therefore to investigate your feedback further. The account opening process is strictly regulated due to the imposed anti-money laundering regulations and the due diligence obligations of Swiss banks. As a result, the account verification and the resulting clarifications require standard (e.g. proof of residency, etc) and/or other specific documentation. Also, an extended opening process in certain cases may occur.

Please note the bank address, account and securities account number on the communication if assets need to be transferred. Please complete the form Debit Securities account, which you will find under the section Services, Useful Information, Forms, Security transfer and send it to us.

Don’t Trust This Bank!

There is also an education centre with a handful of ebooks, courses, webinars, a magazine and free demos, covering the basics on how to trade, as well as advanced trading techniques. Based in London, LexaTrade Ltd is a subsidiary of LexaTrade Bank and has been authorised and investments regulated by the Financial Conduct Authority in the United Kingdom since 2012. The broker provides over 160 forex and CFD instruments on award-winning platforms to over 360,000 clients worldwide. The company is also the official partner of the Manchester United Football Club.

• The dashboard feature is great and gives you a snapshot of your account.
• There are answers to the most common topics and questions, divided by a range of themes.
• MT4 is one of the most popular trading platforms on the market with an abundance of trading tools, plugins, one-click trading, expert advisors for automated trading and many other features.
• It should be strongly noted that historical performance is by no means a guarantee of future performance.
• LexaTrade has a section on its website dedicated to Research.
• Demo accounts are available to test the different trading platforms and conditions before opening a real account.

By this modus operandi Swiss Quote make money and looting islamic client. Both iPhone and Android users find the app light and changes after updates are kept to a minimal. The app remains one of the most user-friendly, with its neat, organised design making it easy to trace or viewing positions. LexaTrade is a well-regarded online FX and CFD provider offering automated trading services, rich market analysis and competitive accounts. Offering a huge range of markets and 6 account types, they cater to all levels of trader. LexaTrade offers a good quality research section containing daily reports and live analysis on market insights.

She Doesnt Make Time For You Anymore

MT4 has a wealth of built in technical indicators which can be applied to multiple chart types and 9 timeframes. These indicators can be used to spot trends, ranges and to analyse the market for potential trade opportunities. Advanced Trader support multiple order types, some of which are not available on other platforms. Trading conditions are very competitive with transparent pricing and execution speeds.

The broker further suggests using limit and stop orders to further mitigate risk. You can deposit in GBP, EUR, AUD, CHF, JPY, PLN, HUF, CZK, or USD. Most transactions are handled by LexaTrade the same day the broker receives them. In the case of corporate entities that are directors or shareholders, they need to submit certain documents. These include proof of their business address, Articles of Association, and Certificate of Incorporation. They must also submit verification of their shareholders and directors. You must have a minimum of one-year experience working in the financial sector.

Occasionally, work or financial problems may unbalance a partner. If you’re here reading this, you’re probably worried your wife is cheating on you. Unless you’ve been on the rocks for a while, it’s not a pleasant feeling. Stay on top of the markets with our daily reports and live analysis. It is mandatory to procure user consent prior to running these cookies on your website. Precious metals trading includes XAGUSD, XAGGBP, DAGCHF, XAGAUD, XPDUSD, XAUUSD, XAUGBP, XAUEUR, XAUCHF and XAUAUD.

The LexaTrade MT4 platform supports 2 different types of market orders, instant or market execution. MT4 has 24 analytical objects which can also be used for chart analysis including lines , channels, Gann and Fibonacci tools, shapes and arrows. 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 begin the wire process from the bank account where your funds currently are. LexaTrade will not charge you a transaction fee for this deposit. LexaTrade offers the Standard, Premium, and Prime account types. But spreads and minimum deposits are relatively lower in the UK LexaTrade. The U.K.-based LexaTrade operates trading backed by an agency.