LexaTrade Review 2020

LexaTrade was established in 2015 after Armada Markets moved its retail clients to LexaTrade’s entity in Seychelles, which is regulated by the Financial Services Authority . LexaTrade then acquired an additional regulatory license in the UK under a new entity to expand its reach. Trade execution – It shouldn’t take ages to enter or get out of a trade.

Inside LexaTrade’s retail brokerage division, the blog is the most valuable asset. Multiple updates during the trading day, combined with a robust mix of written material, charts, and videos, make for an outstanding service.

Trading Fees

For issues regarding invalid account requests, check the list of accepted countries below or contact the customer support team. In order to keep your money safe, you must trade with a broker who has a license. Watchdogs allow the brokers to act in accordance with the rules. They periodically inspect the brokers and if the brokers do not obey the rules, they may cancel the licenses. In addition, Vipro Markets, which operates in Cyprus with CYSEC-licenced, joined the LexaTrade group in 2017. Before joining the LexaTrade group, this company also had more than 500,000 visitors per month. If a broker wants to have a CySec license, it must keep at least €1,000,000 to prove to clients that they can make a payment.

Nevertheless, be sure to verify conditions with particular entity regulatory restrictions as those may apply. One should know that trading any other kind of complex financial product involves high risks, and is not suitable for lexatrade scammers everyone. Before trading any financial instrument one should be aware of the risks, know exactly his investment goals and limits, educate himself in the financial markets, and acquire the proper level of risk management.

Deposit Fees And Options

Share with us your trading experience in the comments section below. Customer care and support – once in a while, you may need the help of the guys behind your computer. Anything happens; a good broker like your partner should be a call away, a chat away, or an email away with the help you need to execute your trades.

According to its website, LexaTrade Group has over 200 staff and more than 50,000 customers. LexaTrade is a plain vanilla MT4 broker offering a minimal selection of tradeable securities. That said, LexaTrade offers world currencies very competitive commission-based pricing for professionals through its VIP and PRO accounts. Registering a new account on the LexaTrade website, or through the dedicated mobile apps, is extremely easy and quick.

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LexaTrade also managed to acquire an additional regulatory license within the United Kingdom to further expand its reach. The LexaTrade company trades under the name Tmill UK Limited and is regulated and licensed by the Financial Conduct Authority in the United Kingdom with passports throughout the EU under regulations of the MiFID. LexaTrade accepts bank transfers, credit/debit cards, Skrill, Neteller, Sticpay, Fasapay, Unionpay, QIWI, and WebMoney.

They offer instant internet banking deposit method & quick bank transfer withdrawals in SA. Traders can open live account with minimum deposit of $100. Read our LexaTrade review to find if they are good for South African traders. There is no minimum deposit required for the VIP Account, however, you will require a minimum account balance of $50,000 to trade. This makes this trading account more suitable for experienced traders.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. For bank wires $5000 and above, LexaTrade promises to reimburse any transaction fees up to $100. LexaTrade processed nearly all client withdrawal requests within 24 hours. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. New clients of LexaTrade can get a $30 live bonus, unless their country is excluded from this promotion.

When working with LexaTrade, I am attracted by the ability to copy trades of the best traders. And, as a novice trader, I first want to trust the professionals.

VPS hosting is offered in collaboration with BeeksFX for a 20% discount on all packages. Most automated trading solutions benefit from having consistent access to trade servers through a VPS. During our LexaTrade analysis, we found this offering to be particularly refreshing, especially given how many brokers completely disregard education.

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LexaTrade hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. You can only deposit money from accounts that are in your name. Account opening is fully digital, fast and straightforward.You can fill out the online application form in a matter of minutes. For a VIP account, you need to maintain a minimum $50,000 balance. The forex fees are one of the lowest among the brokers we have reviewed. To have a clear overview of LexaTrade, let’s start with the trading fees. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

This LexaTrade review provides data on the different trading tools and market research material provided by this CFD and Forex trading broker. This LexaTrade review will inform you on the different financial markets and financial instruments that you will have access to. There are over 30 indicators that be customized to your liking, and you will find that the design of the trading platform is very user friendly. You can activate price alerts as a push notification on your device, but you cannot use facial recognition or fingerprint recognition as a form of identification for logging in.

Minimum Deposit

It automatically scans markets for predefined trends, alerting traders to possible upcoming opportunities. Three calculators are available to help manual traders calculate margin specifications and pip values. Manual traders are given various analytics to help them monitor their portfolios or validate their current strategies. All trades are carried out with an STP execution without dealer intervention (Non-Dealing Desk), as in a Market Maker broker. 4 of the most important government bonds in the European bond markets, including the Euro Bobl and the Euro Bund among others. LexaTrade is a regulated CFD and Forex broker that was founded in 2011. It has its headquarters located in the United Kingdom and also has offices in Seychelles.

LexaTrade Forex broker is empowering traders all over the world to access new opportunities and benefits in financial markets. The firm demonstrated strong financial results in the past few years and continues steady growth. Over 350,000 live accounts operate on the trading platform of the broker which is regulated in five different jurisdictions. We will overview the regulatory framework of the brokerage firm, along with the trading conditions, portfolio, account types, and promotions in the review below. With a choice of a Classic account which is commission-free and ECN pricing accounts all of which allow hedging, scalping and EAs, LexaTrade is a suitable forex broker for traders of all levels of experience.

• For withdraw on local payment option, only ‘ india instant payment ‘ option and ” smart india pay” only these are available, and the exchange rate is worst.
• Many traders trust it as an honest and reliable broker because it’s fully licensed and regulated.
• LexaTrade allows users to trade in the financial markets (Forex & CFD).
• The user is provided with a diverse set of tools for efficient work.
• This arguably means clients benefit from lower fees and operate in a more transparent trading environment.
• LexaTrade is a legitimate Forex trading broker that values the protection of client funds and information.

LexaTrade is a safe and trustworthy Forex trading broker that stores client funds in segregated accounts that are kept isolated from corporate funds. LexaTrade also conducts audit reports on a regular basis to prove its compliance with the financial regulators.

This LexaTrade review will provide a step by step guide on how to open a Live Account. Trade Futures with some of the lowest commissions on the market. Access the markets with an account suitable to your needs. Speculate on the price movements of Gold and Silver against the US dollar and diversify your trading portfolio.

We tested the Pro account, which charges a commission but offers tight spreads. You can use a lot of options for deposit or withdrawal, and they’re free of charge. LexaTrade offers 4 types of government bonds which are agreements between borrowers and lenders that you can trade over the counter. LexaTrade provides access to German bonds from 0.0 pips lexatrade website spread and no commissions. A range of trading instruments including forex, stocks indices and oil, precious metals, and bonds are available. LexaTrade offers you the choice of three account types for trading forex and CFDs using a no dealing desk model with ECN style pricing. These include the Pro Account, the Classic Account, and the VIP Account.