From an animated explainer video and copy that simplifies complicated financial concepts, to tools that help users find the right products and calculate a tangible investment benefit. In order to open a demo account you need to install LexaTrade’s MT4 and xStation trading platforms from LexaTrade Official Website. LexaTrade’s trading clients gain access to news from the top World news agencies, all embedded in MT4 and xStation trading platforms.
These sessions can also help develop trading psychology or risk management. VIPs lexatrade forex broker can contact their Account Manager for a current list of available trainings.
To activate the account, traders must pass the LexaTrade identity verification. On the following screen, LexaTrade asks you a few questions to determine your level of experience and knowledge about CFD products. Professional lexatrade reviews traders are also charged a €3.50 transaction fee when opening and closing a cryptocurrency CFD trade. Basic account holders can use guaranteed stops and this protection comes with wider trading spreads.
LexaTrade is an acceptable broker, which is focused on professional traders and the European segment of the market. In the mobile trading category, LexaTrade ranks 18th out of 43 brokers. One of the features we would like to see in 2018 is syncing watchlists so that list changes on the web platform sync with the mobile app, and vice versa. Everything is clear with the disadvantages, but it is possible to save trend lines on charts, and only few brokers offer this feature in mobile devices. With all variables taken into account, in our 2018 review in the Platforms and Tools category, broker LexaTrade ranked 25th out of 43 contenders.
On the other hand, ETF trading and equity trading commission can be costlier than other brokers’. LexaTrade offers free educational material to their clients to learn how to trade, on a level which no other broker provides. However, because the broker is regulated by the CySec, FCA, IFSC and CMNV, there is a high chance that it is not a scam. With that being said, it still does not mean that LexaTrade is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions. LexaTrade is a broker licensed and regulated by the CySec, FCA, IFSC and CMNV. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest.
Forex Peace Army
In a simple way i withdrawal my money and i need my money and that’s it. Every day you receive an email with the operations carried out as well as advice on how to invest. The customization options are very extensive and include 25 drawing tools and 26 technical indicators. For example, the charts now have a countdown timer that shows the remaining time on each candle, and right-clicking on the chart opens an extensive drop-down list of items for quick access to trading and analysis. The amount of net liquid assets can determine in the future the maximum deposit limit that will be allowed for your LexaTrade account. On the other hand, the base currency of the account is also important information.
Marko has been working on the road for over 5 years, and is currently based in Europe. Alongside writing and editing, Marko works on projects related to online technology and digital marketing. We cover regulatory information in more detail elsewhere in this article, along with the countries LexaTrade operates in.
To deposit funds, traders must click on the ‘Deposit Funds‘ tab at the top of the page. They are then taken to the client office where they can choose from several deposit methods. With LexaTrade, traders can make a selection from 25 cryptocurrency markets, including crypto pairs. CFDs are derivative securities that allow traders to speculate on the price of assets without actually holding them in their accounts. LexaTrade now offers trading services worldwide in well over 100+ countries .
Answers provided by LexaTrade’s customer service team are okay but are not always a hundred percent accurate. We, therefore, advise that you do further research before making a decision. We were, however, impressed by their multilingual customer service. In addition to English, phone customer service is also offered in investment for beginners Romanian and Hungarian. With this broker, the average wait time for withdrawals in the British Pound denomination is one day. LexaTrade is regulated by FCA and FSCS and is also listed in the Warsaw Stock Exchange. This makes it a reputable broker, given the level of transparency required for publicly traded companies.
We selected LexaTrade as Best CFD broker for 2021, based on an in-depth analysis of 70+ online brokers that included testing their live accounts. LexaTrade is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority . In addition, LexaTrade is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.
Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. I also attended one of their trading classes in Canary Wharf. It was very informative, I had a good day and met lots of friends. Not 5 stars yet, I’ve seen they have high spreads on exotic assets, the rest is pretty much great, compared to their competitors. Let other traders know if this service is worth checking or should be avoided.
Web Trading Platform
The broker offers numerous tradable assets including shares, commodities, market indices, and cryptocurrencies. I withdrawal some money from my account to check how their withdrawal system works. Once i received money and it was credited after 25% of deductions from withdrawal amount.
LexaTrade supports credit card, Neteller, Skrill, bank transfer, PayU, and PayPal. If you don’t want to incur withdrawal charges, we advise you always to withdraw more than $100. The forex broker’s deposits & withdrawal feature is fast and relatively cost-friendly. However, although LexaTrade supports eWallet deposits, we were not impressed by their high charges.
Like most brokers, LexaTrade has a FAQ section, also known as its Knowledge Base. Unfortunately, at the time of writing, the FAQ section does not information on the International Page. It is labeled as “Soon” with categories for Our Platforms, Your Account, and Trading Glossary. While the FAQ section will likely be useful in the future, the lack of content at the moment is a significant disadvantage for LexaTrade over other trading platforms. Finally, the Premium section is filled with Premium content and includes tools, tips, and advice from top traders in addition to advanced trading strategies and techniques. You can access most of the educational materials on LexaTrade without logging in or registering, but the Premium section does require you to log in.
Trading platform saves the personal preferences of the user, thus it is a perfect technical analysis tool customized to the needs of any demanding trader. It is possible to employ user friendly analytical tools as well as automatically calculated technical analysis indicators. All investments involve risk, losses may exceed the principal invested. You alone are responsible for evaluating the merits and risks associated with the use of our systems, services or products. Our customer service team works 24/7 to provide you with an exceptional level of support. We believe that newbie traders will have a wonderful time using LexaTrade because of their straightforwardness and their ease of use.
Broker LexaTrade: Review 2021, License, Trading Terminal, History And Real Reviews, Dossier
All content on name-of-the-site.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. LexaTrade Ltd is authorised and regulated by the Financial Conduct Authority, so please be assured that we take the protection of client funds and processing both deposits and withdrawals extremely seriously. All my trading account has been disabled after I requested for withdraw. I don’t think I will continue use this broker and I still did not receive my $1000 withdraw. Generally, allwithdrawal requests are processed within the same day, if it is made before 1pm. Once your order has been processed, your funds will be credited to your account depending on the processing time of your bank or card provider.
- LexaTrade offers a wide range of CFD instruments to trade on covering all major asset classes such as 49 Forex, 42 Indices including Sectors, 22 Commodities, 1750 Stocks, 112 ETFs and 25 Cryptos.
- 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.
- App LexaTrade Overall, the LexaTrade mobile app is of a quality that is slightly above the industry standard.
- On the following screen, LexaTrade asks you a few questions to determine your level of experience and knowledge about CFD products.
- Now, you can click where you want to trade on the chart, followed by where you would like to put the stop loss and then your profit target.
- Since xStation5 does not support automated trading, you will have to use MT4 in this case.
With all the fantastic features and tools that come with the Metatrader4 platform, LexaTrade customers have a chance to trade from the convenience of their mobile gadgets. Their web-based xStation five platform is also accessible through tablets and smartphones. The fact that there are numerous products on offer gives traders an opportunity to explore trading various assets. This is about as damn close as to what you can get via real stock market situations, expectations & close to what professional traders are experiencing. I asked them i have open my account and withdrawal my amount with you so other mediator bank is non of my business as i know LexaTrade and i have withdrawal money with you. That’s your internal process how you are sending money to my account.
It’s available across desktop, tablet, mobile, and even your smartwatch, and has a variety of innovative technical tools to help you with your trading. Client’s funds are protected up to 85,000 GBP through the financial services compensation scheme , in case of LexaTrade’s insolvency. These clubs include open discussion on a variety of strategies and live market analysis. 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. The platform launch speed was relatively quick and navigation between the different panels was seamless. The Market Watch section facilitates trading by populating the screen with a brightly color-coded trade ticket each time you click on a new symbol. LexaTrade’s custom trading application, xStation 5, has the look and layout of many other trading platforms.