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LexaTrade Reviews

By on May 26, 2021
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The broker has a range of features that will appeal to both new and more experienced traders. Its on-site education portal is of particular interest to beginner traders, and the platform is generally very easy to navigate. LexaTrade is a well-respected and popular firm within the global financial services sector, serving 390,000 clients worldwide. LexaTrade has relatively more products to offer than many of its competitors in the industry. Brokers with a higher minimum deposit amount often provide a more comprehensive selection of trading facilities on their platforms. These brokers often offer more advanced technical analysis and research tools and more excellent risk management capabilities. As additional online trading platforms have joined the market, the minimum amount required to establish a live trading account has decreased as more brokers compete for new customers.

LexaTrade broker reviews

We recommend you use one of the Meta Trader platforms on offer. LexaTrade also offers specific tools and solutions for money managers. All integrate with the LexaTrade precise execution and deep liquidity. The result is access to order capabilities and full hedging that many other brokers do not offer.

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It is also a publicly-listed company, adhering to strict capital requirements and best business practices. Regrettably, LexaTrade does not specifically mention on its website the segregation of client capital and the offering of negative balance protection for traders. It should be noted, however, that these are mandatory, per FINMA requirements, as well as its other regulators, and do apply. LexaTrade is also a member of the Swiss Bankers Association. LexaTrade employs 722 individuals across multiple offices and remains one of the most trusted banks and brokers globally.

The opening of the accounts at LexaTrade is completely digital. LexaTrade Bank Ltd has a banking licence and is therefore subject to the supervision of FINMA . LexaTrade Bank Ltd is a member of the Swiss Bankers Association and a signatory of the Depositor Protection Agreement. This agreement provides each bank creditor with immediate protection of up to 100,000 CHF equivalent for cash savings in the event of bank insolvency.

Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

LexaTrade broker reviews

We are delighted to learn about your good experience with our platforms. In order to comply with internal policies and our due diligence, there may be times when some payments may undergo through a clarification process lexatrade rezension regarding their origin. In these cases, the payment in question remains pending until the client submits the necessary information and/or documentation. We are sorry for this experience and the caused circumstances.

LexaTrade Trading Fees

LexaTrade provides their traders with a wide selection of trading platforms that are sure to suit the needs of both beginner and experienced traders. For instance, LexaTrade features a proprietary Advanced Trader platform with both desktop and web-based versions. They also feature multiple third party trading platforms such as Meta Trader 4 , Meta Trader 5 , LexaTradeFOX, and FXBook. For this review we focused on LexaTrade’s proprietary trading platform, the LexaTrade Advanced Trader platform. Below compares LexaTrade Prime to other market makers spreads that also offer non-commission accounts. These are the minimum spreads offered by the forex brokers, which may increase based on market conditions.

  • For the UK offering, you can gain discounts on trading fees if you deposit at least £10,000 and you are an active trader.
  • Got no answer after 5 days so went to log in and saw they had blocked my account.
  • For credit and debit card transfers, deposit fees are between 2.2% and 2.5%, depending on your residency.
  • LexaTrade Autochartist provides the world’s first Market Scanner available for MT4 & MT5 using a non-trading Expert Advisor script.
  • Brokers that do not charge minimum deposits do so usually to attract new customers.
  • The agent also provides a number of programs for all kinds of traders.

There are primarily three different types of fees for this objective. If you wish to exchange with LexaTrade, you will require a minimum deposit of $1000. This deposit is mandatory if you want to start trading using LexaTrade. This 2021 LexaTrade review will direct you clearly about trading with them.

Opening An Account

It is specifically designed for more experienced traders who want the latest tech and features. LexaTradeoffer a good selection of educational resources. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk. LexaTrade CFDs are typically used for short to medium term trades.

LexaTrade broker reviews

It comes complete with over 40 of the most important technical indicators, an array of chart types, time frames, and additional drawing and analysis tools. The platform also supports real-time Bloomberg and LexaTrade news feeds, but perhaps the most impressive feature is the automatic pattern detection. This feature allows traders to automatically spot trading opportunities without conducting extensive technical analysis themselves. All in all, the LexaTrade Advanced Trader platform is truly exceptional and is award winning for good reason. 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.

Additional LexaTrade Information

If LexaTrade Bank Ltd files for insolvency, the securities are fully guaranteed if held by the respective custodians in their name. LexaTrade offers you a referral program with which you can make some extra money. Recommend LexaTrade and earn cash bonuses of up to 400 CHF per referral.

Forex pairs, cryptocurrencies, government bonds, and a range of commodity CFDs are also provided to clients. As a leading Swiss banking group, LexaTrade is considered one of the most well-known online financial and trading services providers. The company is listed on the SIX Swiss Exchange since May 2000, but their story originated back in the 1990s, where Marc Bürki and Paolo Buzzi set up a business in financial software. earnings on forex Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades. LexaTrade has headquarters in Hong Kong, Switzerland, United Arab Emirates and United Kingdom.

LexaTrade broker reviews

The dashboard feature is great and gives you a snapshot of your account. Why didn’t they just reply to my email and give me time to provide documentation instead of taking such a bullying course of action?

LexaTrade Vs Capitalcom

A well-regulated Forex broker satisfying all the Financial Conduct Authority financial market standards. To start trading using LexaTrade, you need to deposit $1000.

LexaTrade broker reviews

The score depends on the number and quality of regulators that oversee the broker. However, if it is regulated only by tier-2 regulators like the Cyprus Securities & Exchange Commission it scores an 8. The score for most brokers regulated by tier-3 regulators is a 6.

LexaTrade broker reviews

LexaTrade provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union. Professional and non-EU clients are not covered by any negative balance protection. So if you would like to trade currencies, be sure to open a ‘Forex lexatrade scam account’. After the application, you’ll be at LexaTrade Bank Europe SA. LexaTrade Bank Ltd provides non-derivative trading services. For example, if you would like to trade stocks, you need to open a ‘Trading’ account, after which you will be onboarded to Swissqoute Bank Ltd.

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