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Lexatrade Review

Lexatrade’ technical optimization is among the best in the industry regarding execution, platform optimization, toolset, and customer service. With the Lexatrade broker, you may get all of this and more. More than 20 indexes from across the globe are accessible. You will not be charged any commissions and will benefit from a reduced spread. The NASDAQ indexes, for example, have a minimum spread of 2.0 points. The spreads are minimal, but if you select the raw spread account, you will have to pay a fee, just as in forex. The reasons why the broker is able to offer the lowest spreads are its state of the art technology, direct access to liquidity, high trade volume, and no dealing desk.

  • The variability in the spreads is observed due to market liquidity.
  • Demo accounts are on free use and available for all offered platforms including MetaTrader and cTrader.
  • Lexatrade takes full advantage of its sophisticated technology and partner liquidity providers to offer the lowest spreads.
  • The broker offers a total of 15 methods to capitalize on the account.

License and regulation are the keys to traders’ fund security. We check two facts, a license lexatrade rezension that broker carry also its background, and how you are protected if something goes wrong.

Platforms For Trading

The spreads are low but you have to pay a commission like in forex if you choose the raw spread account. Lexatrade offers different pricing defining trading fees on applicable accounts, as the fees slightly lexatrade rezension diverse based on the account type and platform you choose. Also, beware that various Lexatrade entities in different jurisdictions may apply its own trading conditions, so be sure to check it out as well.

Instead of the overnight swap rate, you are charged a flat commission on the lot size. If you want to open an Islamic account then you first need to create a normal account and ask them to convert it for you.

The accounts may be opened in up to ten different currencies, are entirely separated from the company’s money, and are backed up by a multilingual customer service staff. Traders that follow Sharia laws may also sign up for a Swap-free or Islamic account at Lexatrade, as well as a risk-free trial account on both MT4 and cTrader to practice their trading approach. Costs Now, let’s look at the differences in trading fees on different accounts since the prices vary significantly depending on the account type and platform you select. Also, keep in mind that distinct Lexatrade companies in other countries may have their trading conditions, so double-check. Lexatrade is a broker based in Australia that welcomes customers from all around the world.

The Australian Securities and Investments Commission, Cyprus Securities and Exchange Commission, the Seychelles Financial Services Authority, regulate Lexatrade. Two of the world’s most well-known multinational banks, both of which have a lot of cash on hand, handle customer transactions. Lexatrade lexatrade reviews also employs external and independent auditors to oversee the broker. Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved.

It’s not great to be trading with an unregulated broker as they can manipulate prices, scam you and even not pay out your hard earned withdrawals. The answer is Lexatrade are regulated by various governing bodies to provide financial services. Let’s look into this in more detail because the regulation behind this broker is a bit complicated. To sum up, from our Lexatrade review, this platform is a licensed and regulated broker with more than a decade of online trading expertise, which makes it a secure and credible platform. Based on our experience with the broker, we are confident to recommend Lexatrade for every active trader to generate significant profits from their investments.

Reviews On Lexatrade

Scanning and uploading these documents completes the KYC process. There are multiple payment methods which includes debit/credit cards, bank transfer, Paypal, Skrill, Neteller, Qiwi, Fasapay, Rapidpay and Klarna. The MT4 and MT5 trading platforms are available as iOS apps.

In addition, live chat support could be better, and non-EU clients are not covered by any investor protection scheme. Its forex fees are low and opening an account is fast and easy.

Despite this though, there are some regions that they do not provide their services to. These include the Unites States, Canada, Israel and Iran. Guides Our blockchain guides will help you find your way through exchanges, tools, and other crypto apps. Review Loads of cryptocurrency and blockchain project reviews for your education. Please be advised that we source our pricing from an external liquidity provider and these prices are passed on to you without any dealing desk interventions.

You have one click trading, order management as well as relatively advanced charting. You can also easily toggle between the different markets.

Markets And Products

For example, Lexatrade does not offer negative balance protection or any sort of guaranteed stops. Lexatrade provides a number of tools that could make it easier for these managers to administer the numerous trader accounts and appropriately apportion the returns across these. There are numerous benefits which we won’t go into now but you can read more about it their website. Many traders understand the benefits of using a VPS as it allows them to trade with EAs automatically and continuously. It can also be co-located at a liquidity provider data-centre to execute trades with near zero latency. These are simple bullet pointed guides that give you a short overview of elementary disciplines. They cover topics such as the pros / cons of CFD trading and the basics of Forex markets.

scammed by Lexatrade

Lexatrade offers free extensions for the software in the form of plugins. These can be easily downloaded and then inserted into the software.

Lexatrade Review Scores

The support is great, deposits and withdrawals are quick. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.

scammed by Lexatrade

Segregation of clients’ funds by putting them in separate bank accounts from the one owned by the firm for its operating funds. They provide multilingual assistance to their customers through live chat, email, or worldwide telephone support hotline 24 hours a day, five days a week. In addition, there is a helpful support center where users may get solutions to the majority of their concerns.

Customer Service

This is available on all of the accounts above and effectively makes the accounts “swap free”. On trading profitability and is hence a really important criterion for us. This was something that really impressed us about Lexatrade. They have an extensive range of assets across numerous asset classes. For example, they bank with top tier banking institutions in Australia. They use National Australia Bank and Westpac Banking Corporation . This means that your segregated funds are in a safe place.

Upon changing your profile email address as suggested, the issue related to receiving withdrawal confirmations has been immediately resolved. I have only positief things to say, Lexatrade is one of the best brokers I know. During the Corona volatility, one Monday morning, on the Asia session, I realized my balanced turned to -600 (was 1,100+) in about 5 minutes. Nevertheless, you can still trade through MetaTrader5 an updated and improved version that is packed with brand new features if you prefer so.

scammed by Lexatrade

Furthermore, it is audited by major regulatory agencies regularly that denies any possibility of scam and proves that it is a safe trading platform. Lexatrade offers in-depth and diverse educational offerings curated to help active traders with useful trading tips. Its educational suite includes everything from a demo account to videos that are free to access.

Lexatrade does not process withdrawals to third parties. All funds of traders are transferred to the trust account of an Australian bank.

scammed by Lexatrade

This is probably one of the biggest concerns for any Forex trader. We show reviews chronologically, and you can filter by star rating, language, location, or keyword. Lexatrade agent is very patient and is efficient at problem solving. Used a series of alternative strategies until a solution was found.

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