LexaTrade Review 2021, User Ratings, Bonus, Demo & More

In the field of the financial markets “LexaTrade” company is considered to be a pioneer that managed to create the first real social trading platform. Using the help of the venture companies this broker succeeded in its desire to spread revolutionary ideas of the financial trading.

To open a live account, you’ll need a minimum deposit of at least €250. Alternatively, LexaTrade offersa demo accountthat you can use to practice and familiarise yourself with their platform. LexaTrade has two trading platforms — LexaTrade propriety trading platform and MT4. A lot of Forex brokers are trying all kinds of marketing to convince people of their business. world currencies However, it is hard for them to make the people believe as they lack in information. Despite these hardships, LexaTrade.com is a firm that focuses on a single area that shows their offer of innovative services beyond the expectation of the industry standards. They provide an excellent service from the start, and it has made them successful in their field.

LexaTrade Pros And Cons

Users can choose from 5 different account types called Standard, Classic, Platinum, Premium and VIP. Each account has different features and benefits, as well as different minimum deposits and trading costs. Higher funded accounts come with additional features such as private educational sessions. The Real Account allows users to trade with their own money while the Demo Account allows users to trade with virtual money so that they can practice trading without the risk of losing any real money.

Most LexaTrade opinions are positive exactly because of this fact, and SSL encryption is used to protect your personal information and your hard-earned funds. Traditional credit cards can be used, such as VISA, Maestro or MasterCard, but today’s investors also frequently use e-wallets such as Neteller, Skrill, or TrustPay.

This was followed by FXCM who have ‘After work’ seminars to educate and keep traders up-to-date with elements impacting markets. Founded in Warsaw, Poland in 2002 under the name X-Trade and later changed to XTB, this CFD broker is one of the largest stock exchange-listed brokers. XTB offers a large range of financial products for trade on the market with 1500 instruments including 49 forex pairs, 42 indices, 22 commodities, 1755 stock CFDs, 113 ETF CFDs and 25 Crypto pairs. Spreads for forex start at 0.28 pips for EURUSD for its PRO trading account. In addition to low costs, Fusion markets offer ‘white gloves’ friendly customer service and leading technologies such as blazing fast trade execution speed of 0.2 ms and MetaTrader 4 forex trading platforms. Established in Tel Aviv, Israel, eToro has offices in Cyprus, the UK and Australia.

LexaTrade’s effective and intuitive tools revolutionize the trading experience for beginners just starting out and experienced traders looking to grow. The first is a shared platform that is created by a software company and is shared by many forex brokers. The big advantage of a shared platform is that it reduces the barrier long-term to switching forex brokers, as there won’t be a need to re-learn the platform. The second option is a propriety forex trading platform that stock exchange is exclusively created and offered by a single forex broker. The advantage of a propriety platform is that features unique to that fx broker can be integrated into the software. The range of trading instruments available includes foreign exchange, commodities, stocks, indices and contracts for difference . This trading platform is social in most every way, as traders can see what others are doing in real time, copy their trades and even discuss trades with one another.

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This provides users with the ability to access copy trading services, download customised technical trading indicators and automated ICO (cryptocurrencies) strategies. Trader research and education resources are provided through the broker’s Market Review and Video Tutorial section.

• You accept that the agreement can be changed at any time and that you must comply with any changes made to the agreement.
• The LexaTrade review found here includes our findings, including the positive and negative aspects of using this brokerage.
• To replenish your account or withdraw earned money, you can use Visa/MasterCard bank cards, electronic payment systems Skrill, Neteller, or Wire Transfer.
• LexaTrade also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
• A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.
• The broker website is difficult to source in-depth information for first time traders.

Marcus founded BrokerNotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. LexaTrade has a BrokerNotes A support rating because LexaTrade offer over three languages. LexaTrade also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move. Like most brokers, LexaTrade takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

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These checks are standard practice and help LexaTrade provide a safe financial environment for their 10,000 users. You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card. As a market maker rather than ECN broker, City Index includes lots of free features, making their spreads excellent value.

LexaTrade offers the MT4 and Web Trader forex trading top platform. LexaTrade.com offers over 30 forex currency pairs, index, stocks, cfds, commodities, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options. Between 74-89% of retail investor accounts lose money when trading CFDs.

When opening a trading account with LexaTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on LexaTrade trading platforms here. You will need to provide some basic documentation to prove your identity as part of LexaTrade onboarding and normal KYC identity checks.

And then I know such managers, I heard about their trading talents. There were no problems with the terminal, the support service seems to be adequate too.

What We Like About LexaTrade

Their best feature is their video tutorial with approximately 100 lessons to build up traders’ knowledge from beginner to expert. There are also dedicated training courses dedicated to each level of trader experience. Mixed in are webinars held frequently, including one at the start of the week to discuss upcoming events that may impact the market. There are also trading e-books which are ideal for those who want to learn about forex, shares and CFD while travelling.

The minimum deposit required to open an account is 200 EUR/USD/GBP, while the spreads lexatrade forex broker are competitive. LexaTrade CFDs are typically used for short to medium term trades.

This can help build financial models for sophisticated currency trading. Brokerage when trading forex ranges from spreads, commissions and holding costs.

LexaTrade offers over 127 different instruments to trade, including over 41 currency pairs. We’ve summarised all of the different lexatrade website types of instruments offered by LexaTrade below, along with the instruments offered by IG and XTB for comparison.

Ultimately, LexaTrade has established itself as a major force within the forex broker industry. Their recent change of ownership in 2017 has also breathed a sense of rejuvenation into the company.

Does LexaTrade Offer Cfd Trading?

It is recommended that you do not invest money you cannot afford to lose in order to avoid any significant financial distress in case of loss. I believe that LexaTrade is a great fit for the role of a financial partner. The company has a client-oriented policy – they took care of the demo, round-the-clock support, an intelligent terminal and a variety of trading tools. I saw that some people in the reviews complain for paid training, and I think that LexaTrade is right about this. The broker’s materials are really high-quality and help you learn the basics of trading. And on those platforms where training is free, they usually give you only garbage. I use a Mastercard card for deposits and withdrawals, but it usually takes from a couple of hours to several days to withdraw.

If LexaTrade violate any regulatory rules their regulated status could be stripped. When choosing a broker like LexaTrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. 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.

LexaTrade have a B grade support rating because sometimes the reposonse was slow or our query wasnt answered. LexaTrade offer email support and supports a limited amount of Languages. A stop-loss order is an order placed with a broker like LexaTrade to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position. It’s grown by $ % in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade. LexaTrade also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.