Content
This platform provides a high level of customisation with a lot of inbuilt technical indicators. You will need to pay for live market data on the TradingView and CQG platforms, unlike the MetaTrader platforms which offer free real-time price quotes. While the number of tradable instruments may be below the industry average, all the major markets are covered with the exception of stocks. A CFD, or Contracts for Difference, is a derivative product that allows you to speculate on the price direction of a financial instrument allowing you to profit from rising and falling markets. You can also trade on margin which means you can control a large position with a smaller deposit, amplifying both gains and losses. The Lexatrade UK entity regulated by the FCA offers the highest level of safety and protection.
The Pro Account provides the users with the direct market average spreads. The competitive spreads can be as low as 0.0 pips on the basis of the foreign exchange conditions. The liquidity of the financial institutions and markets is provided directly to the traders.
Clients must be at least 18 years old to use the services of Lexatrade. Join an ever-growing world of market insights and news delivered by our team of expert analysts. I am thankful to my councelor Pinar Berk for her instant feed backs and productive reactions. Can you please transfer my account Lexatrade Seychelles to Lexatrade UK.
Investments At Lexatrade:
This highlights how Lexatrade continually forms partnerships to improve trading conditions for its expanding client base. British traders can open an account at Lexatrade, lexatrade website but need to meet the minimum deposit requirement of 100 USD to do so. In order to open a VIP Account, traders must maintain a minimum balance of 50,000 USD.
As such, these awards are an indication of the broker’s overall level of performance, features and platforms at which they excel, and their general standing within the industry. Most forex broker firms handle only a very small portion of the volume of the overall foreign exchange market. Leverage, in the highly competitive world of forex trading, can either work for or against a trader. Lexatrade is an award-winning international ECN forex broker that is authorized and regulated by the Financial Conduct Authority of the UK and the FSA of Seychelles. A perfect trading session at the NFP Campaign will fetch at least $500 for the trader, and if the trader makes an automatically close prediction, then the player wins a cash prize of $200. Register during the NFP week with your trading account details and prediction to participate in the NFP Machine. Step into the world of online trading with a generous welcome bonus of $30.
How Do You Withdraw Money From Lexatrade?
Yes Lexatrade doesn’t have its own self-developed trading platform; instead, it uses MetaTrader 4, a third-party platform. You can only deposit money from accounts that are in lexatrade courses scam your name. To have a clear overview of Lexatrade, let’s start with the trading fees. If you’ve never traded before, there’s no point rushing in with your cash out the door.
- Traders can customize the interface and engage in the execution of orders with incredible efficiency and accuracy by investing their capital.
- The traders get access to a wealth of educational content and information in the form of recorded webinars, lectures, tutorials, and blogs.
- Since the calculation is sometimes confusing, Lexatrade offers a forex calculator.
- It also accepts cryptocurrencies, Bitcoin, Litecoin, and Ethereum.
- Use the Pro account and you pay only 2 units per traded 1 lot in Forex in commission.
Its support system is easy to navigate and includes FAQs, live webinars, and a user forum for trading with a Lexatrade demo account. Unlike other Forex brokers, Lexatrade offers 24/7 customer support. Their website has a number of advantages, including a range of account options.
Account Opening Process
Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own.
According to the Lexatrade review, the broker covers a wide range of international markets and provides a wealth of research content to the registered users. According to the data obtained from the official website of Lexatrade, the Pro Account at Lexatrade offers the users a spread of 0.13 pips for the currency pairs of EUR/USD. The overall trading costs stand at 0.53 pips when the RT commission of 0.4 pips is factored into the estimation. It is to be noted that the online brokerage platform records the spread statistics under regular market conditions when the spreads are relatively narrow.
One-Click Trading option enables quicker real-time trading. Reputation is yet another of Lexatrade’s strengths, with many traders agreeing that the broker’s policies and actions make Lexatrade trustworthy and reliable.
We tested it and collected the options and costs in How to withdraw money on Lexatrade. Is Lexatrade legit features all the key aspects you need to look at to see if a broker is safe and legit. Lexatrade phone support was fast and we got relevant answers.
Users can get in touch with the support team via live chat, phone support or email. The Lexatrade UK Ltd website provides in-depth information about margin requirements and also has a margin calculator. This helps traders grab all appropriate trading opportunities. Customer support is available in 17 different languages, via email, telephone, and live chat. Traders should note that customer service is only available from Monday to Friday during business hours. The blog is publically available, and Lexatrade allows traders to contact authors with questions about various articles. This is a unique offering, as brokers typically shy away from one-to-one contact with traders.
With Lexatrade you can deposit funds fee-free using a variety of methods. The full range of methods are highlighted in the client portal area. However, you cannot do anything or access any features from the client portal area until you are fully verified which takes less than 24 hours. lexatrade website The MT5 mobile app allows you to view one chart or two charts simultaneously. The chart is simple to view and you can access 9 timeframes and 30 technical indicators. However, if your account has been inactive for more than a year it may be closed if there is less than £10 in it.
The average spread for trading in the UK100 indices is only 0.9 pips. The demo account service of the good forex broker company is ideal for beginners. Traders use the demo account and get in touch with a good broker to conduct free demo account trading. The Negative Balance Protection service of Lexatrade allows the clients of Lexatrade to maintain financial security.
This website is free for you to use but we may receive a commission from the companies we feature on this site. The trader can use the money without any subject to expiration. Along with other benefits, the users also get a good variety of trading, analysis, and research tools that can take their trading to the next level.
This CFD broker places a special focus on Forex trading, offering tools such as copy trading and the MT4, MT5 and Webtrader platforms. It also employs over 150 staff members globally, executes its business model well, and strives to continually form partnerships that will improve trading conditions for its expanding client base. The brokerage has gone overboard in this regard — it offers no three trading account types. On top of that, high volume traders are treated preferentially — provided they do indeed fulfil the required conditions.
The brokerage also offers a trading glossary which acts as another source of education, and where basic terms are described in short sentences. Apart from the wide selection of Forex pairs, Lexatrade has a disappointing range of CFDs. However, with the addition of MT5, Lexatrade is now able to offer trading on options and futures. While MT4 has great customizability, the platform feels outdated, and some of the features may be hard to find. In addition, only the basic orders are available, including Market, Limit, Stop, and Trailing Stop.
For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. You can use many options for deposit and withdrawal, and they’re all free of charge. Lexatrade’s clients could use MetaTrader 4 to access the market and make their trades. For the clients that prefer web or mobile trading, there is a separate version of the MetaTrader 4 for them. Other unique selling points are the ultra-fast execution offered, as well as the fact that the broker allows all trading strategies. Coupled with the unrestricted use of EAs, this is indeed quite an asset.
Lexatrade offers an extensive range of educational resources to registered traders. The primary educational resource available at Lexatrade is an e-book that covers a host of topics on trade and invest in assets to be traded.
Different brokers offer different leverage levels, which usually determined by the trading conditions provided by a particular broker. Lexatrade offers different account types to ensure the needs of traders are catered for. It is evident from the Lexatrade review and overall rating that the broker is ideal for both beginners and experts in the industry. Traders engage in intense forex trading at the broker site of Lexatrade for free. The educational hub of Lexatrade is highly suited for all, and the smart tools, popular instruments, and technologies enable the extraction of decent profits.