This means LexaTrade are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission regulatory bodies. The LexaTrade platform is available to eur usd use on multiple devices incldingIOS devices like iPhones and iPads, and online through a Web Browser. The content in this LexaTrade review does not apply to US users.
The broker’s website contains most of the necessary information that will help a trader evaluate the trading conditions at LexaTrade and get acquainted with all the services of the company. The only exception is the size of spreads — the broker does not indicate them. LexaTrade is not a broker I would recommend because there is no orientation for newcomers and because the minimum deposit here is $250. There are no programs for copying trades, there are no PAMMs, except that you can get a profit using the Buy & Hold strategy. Of course, I support the idea that you have to pay for everything, but I am clearly not ready to pay $ for individual lessons and it may not be worth it. So here the conditions, in my opinion, are either for major players or idiots who are too lazy to find a more worthy option. The LexaTrade trading firm provides services for active trading and investing in assets of the financial and stock markets.
John’s motto is to help everyone go from a novice to a professional trader. Change personal profile information and account protection settings. To start trading on LexaTrade and receive a bonus from Traders Union for your trades, you need to register. You can find step-by-step instructions for opening an account and a brief overview of the personal account below.
Also, it offers other services for its clients including a complete copytrading service which is fully integrated with their trading platforms and accounts. LexaTrade integrates its services as a broker with its social network for traders. LexaTrade uses the latest social networking and online trading technology to provide its users with a platform to share trading information and follow other traders. LexaTrade was created by Forex and social data experts who received forex brokers financial backing by top venture capital firms. Users have access to market feeds, charts and social platforms that can be used to enhance their trading experience in Forex, stocks, indices and commodities. LexaTrade stands head and shoulders above many other trading platforms in the sense that it is a social trading platform. In today’s times, the ability to interact with fellow traders, see their trades and then copy their trades is increasingly important.
All funds deposited to LexaTrade are held in segregated tier 1 bank accounts for security. LexaTrade is regulated by Cyprus Securities and Exchange Commission so can be considered legit. The LexaTrade advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. LexaTrade offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification currency pairs list alarms, messaging facilities, innovative market data & more. A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account. That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.
The credibility, transparency and reliability of this trading platform is second to none. A wide range of tradable assets is available, across multiple categories with tight spreads, no commissions and 24/5 trading.
LexaTrade License & Rules
LexaTrade was running a $25 welcome bonus program, and customer support representatives should be contacted to verify the current available bonus offer. Live chat to a help line, is available 24/5 on the LexaTrade lexatrade broker reviews interface where customers need to give a name and email address to start a conversation. Alternatively, clients can phone a UK number given on the contact page or send an email to the support team.
- Glad to know the LexaTrade.com is regulated in Cyprus, i have good faith in Cysec.
- These platforms are only benefiting the financial trading space.
- this means your money in not held by LexaTrade directly but a tier 1 bank.
- The social trading capabilities upon which the broker was founded and the extensive range of trading products they make available are all testaments to a user-focused broker.
- Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset.
- They will thus have you continually depositing money – ostensibly to build your fund.
LexaTrade does not accept any third-party deposits and all deposits must be made from the actual account owner. No fees are levied on deposits; however credit cards or wire transfers may be subject to the fees imposed by those banking lexatrade courses scam institutions. Wire transfers and international deposits can take up to 5 days to clear, and all deposits must be made in Euros or dollars. The information about the LexaTrade review is limited and no scoring was provided.
Day to day market news and financial analysis is available under ‘Learn’ on the dashboard along with a list of upcoming webinars. Traders who prefer to trade on a traditional forex and CFD trading platform can download the LexaTrade MetaTrader4 to their desktop or Mac. The MT4 is a reliable and secure trading platform with integrated technical indicators, charts and analytical tools for advanced trading. A big advantage of the MT4 platform is the automated trading feature which functions with the help of automated trading robots also referred to as Expert Advisors. The LexaTrade social trading platform is accessible at any time on the go, from Android or IOS mobile phones and tablets. Importantly, the mobile platform has all the features of the desktop version, ensuring that copy trading is always flexible and seamless. The free apps are available for download in the Apple App store and in the Google Play Store.
How Does LexaTrade Com Make Money?
The information contained in this website is for informational purposes only and does not constitute financial advice. The material does not contain investment advice or an investment recommendation, or, an offer of or solicitation for, a transaction in any financial instrument. Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia. LexaTrade is considered good and reputable to trade with LexaTrade. LexaTrade is used by over 10,000 active traders and LexaTrade users. LexaTrade offers Forex trading, CFDs trading, and Social trading.
Importantly, as traders gain confidence and experience, they can watch the strategies implemented by top traders and replicate them in their own trading accounts. The range of trading instruments available includes foreign exchange, commodities, stocks, indices and contracts for difference . Among the many advantages of utilizing the services provided by LexaTrade are 1 to 200 leverage, a user-friendly UI, 24/7 customer support, tight spreads and no commissions, and a wide range of currencies (50+).
If yes, schedule a free consultation with Wealth Recovery Expert. Trust our experienced experts to help you recover your money.
LexaTrade Review Written By Andrew Blumer And Mark Hansen
At one point, LexaTrade was pushing it’s Trade Z platform, though upon an update of this LexaTrade review, information about that proprietary platform became scarce. The company now pushes the MT4 platform which is the industry standard, as well as being the most popular out-of-the-box trading solution.
Marcus founded BrokerNotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. Duplitradeis an automatic buying and selling software program which works with the most effective licensed Foreign exchange Forex Brokers on the planet, look right here. Utilizing a regulated Forex Broker is the good selection for all buyers, as a result of their license presents you varied protections. Rip-off Broker Investigator evaluations lots of of CFD / Foreign exchange Forex Brokers to find out if they’re reliable Forex Brokers or scams.
A forex broker running as a regulated scam has all its paperwork in order. Hence it might be a little challenging to identify it as scammy. You see, the broker’s main aim is to entice you to lose as much cash as you can because your loss is their gain. Well, choosing a genuine online broker is no walk in the park. It entails going through countless online trading platforms, understanding complicated investment terms, and confusing fees.
WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently. The Cyprus Securities and Exchange Commission was established in accordance with section 5 of the Securities and Exchange Commission Law of 2001 as a public legal entity. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association. Then directly copy trades to your account from other profitable traders. If you resembling trading on-the-go then LexaTrade app for Android and Apple iOS available. The apps provide you admittance to most, but not entirely of the functionality of the WebTrader platform. Your funds are safe – SSL communication – Fully regulated broker by FSCA.
Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products. Arming oneself with a forex education will enable you to identify what tools are available for monitoring and predicting market movements. With a solid education, traders are prepared to make informed trading decisions instead of impulsive emotional ones that can often lead to major account disasters.
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. These checks are standard practice and help LexaTrade provide a safe financial environment for their 10,000 users. MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser.
The Oldest Reviews Of The LexaTrade
Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD’s, Forex and Commodities. LexaTrade has the ability to get deposits and withdrawals processed within 2 to 3 days. You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 3 minutes or so to complete the account opening process. Take time to look around the LexaTrade platforms and train yourself to think more systematically and logically about the markets. It’s a new skill-set for many, but it is what the market requires of you. So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account.