LexaTrade’s Web Trading Platform
Stay informed with real-time market insights, actionable trade ideas and professional guidance. We have noticed you do not have cookies enabled, which means you will not be able to access or use our platform. best forex brokers was founded in 1996 by a group of forex dealers and bankers. Today, it operates in 15 languages and 159 countries worldwide, including India, the Philippines, Venezuela, and Greece.
Traders can request withdrawals from inside their trading platform by selecting Withdrawal from My Account. Swap rates on leveraged overnight positions apply, and lexatrade forex broker passes corporate actions such as dividends, mergers, and splits on to affected portfolios. A quarterly inactivity fee of $15 exists if the account has been dormant for twelve months. This broker waives all internal withdrawal expenses except for bank wires, which are charged at $20. LexaTrade is transparent about all applicable trading costs and provides well-explained examples on its website.
Since December 2013, it has been authorized by the BVIFSC, where it maintains a clean regulatory track record. euro dollar forecast applies a $20 fee for all withdrawals via bank wires. The LexaTrade Education Package offers more courses and 1-on-1 trading.
Being a smart investor means having the best selection of trading tools and features available at the touch of a finger. You can trade CFDs knowing you are using some of the best analysis tools in the palm of your hand to maximize your actions.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. All providers have a large percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
If you are looking for alternatives to LexaTrade we have compiled a list of the top 5 brokers that are similar to LexaTrade below. This list of brokers like LexaTrade is in order of similarity and only includes companies that accept traders from your location. LexaTrade also offers an Islamic account; an interest-free account that adheres to Sharia law concerning trading. For withdrawals, a charge up to $20 may be applied, depending on the payment method and withdrawal size.
A $15 quarterly inactivity fee is charged to accounts that have been dormant for 12 months. Also, when trading shares, ETFs, and CFDs with leverage, there is an overnight financing charge, which starts at 5% per annum for indices and 2.5% for commodities and cryptocurrencies. But for the most part, trading fees are around the industry norm and there aren’t hidden additional costs to be wary of. LexaTrade prides itself on a diverse range of tradeable assets including shares & indices, such as the Dax and VIX, in addition to ETFs and commodities. Popular crypto pairs including, Bitcoin, Ethereum, and Ripple are also available.
The overall trading platform lacks a competitive edge and places traders at a disadvantage. While failing to offer the MT4 platform as an option to traders is certainly a broker’s right, but this move makes sense only if the alternative to the MT4 is superior. Trade online with LexaTrade, a leading international brokerage group with over 25 years of experience. The LexaTrade mobile app features intuitive, clear navigation that also includes easy access to our educational materials, economic calendar and many helpful features and tools.
Electronic trading platform is committed to offering our clients excellent trading conditions, which includes the opportunity to benefit from extremely low spreads on hundreds of CFD instruments. Trading can sometimes be like a rollercoaster, especially when using leverage, and we want to make sure that you never end up in a negative balance.
Margin trading can entail risk to capital and may not be suitable for all investors. Before trading, please consider your financial condition, level of experience and seek independent financial advice. Registration is the act of opening an account free of charge and with no deposit requirement. Whilst most of our data has been verified directly from these brokers, it can occasionally vary. We are not responsible for incorrect or outdated information within our online trading broker reviews and you should confirm all data directly with the broker.
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As per my experience, forex trading is very dangerous with minimum balance like $100. Sudhahar, from what we know, they are a legitimate broker with a very rich past in Forex trading. As usual, it is recommended to test out the platform with a demo account before trading real money. Available withdrawal methods consist of bank wires, credit/debit cards, and e-wallets.
Given this broker’s 20+ years of experience, this seemingly intentional absence of account information is unacceptable. Formula Investment House B.O.S. Ltd, a Cypriot-based entity, provides payment clearing services. Having said that, it does offer better protection than the BVI entity, primarily due to the Investor Compensation Fund that protects client deposits up to €20,000. While the BVI subsidiary could add the same protection via membership in the Hong Kong-based Financial Commission, it did not deem that protection necessary. Therefore, the track-record of LexaTrade, registered in the BVI since 2013, represents the most dominant security feature.
There’s something strange about the LexaTrade scams mentioned in this review. My trades are executed on time and I’ve even managed to make some money. So forget about the LexaTrade scams and just look at the profits. LexaTrade has over 24 years of market experience, almost seven as a BVIFSC-regulated entity, which is its biggest asset, together with an excellent educational section for new traders.
The proprietary platform is generally pleasant to use but traders familiar with the additional features of an MT4/5 platform may be disappointed. To access information regarding account types users will have to first register an account. You should then contact the customer care team where they will discuss the account options in more detail. There are no fees involved with opening or closing an account. For deposits, LexaTrade permits payment via bank transfer, credit and debit cards, plus eWallets, such as CashU, Neteller, Skrill, and PayPal. Funds transferred via bank transfer may take between 3-5 days to show in your account.
- Resources are split into basic and advanced levels ensuring a spread of information accessible to traders with a range of experience levels.
- We would also recommend that users keep in mind the server time where they are based.
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For example, EAs and social trading are not available and users are not able to trade with a VPS. LexaTrade representatives can answer all of your questions in many different languages. We also offer all new clients free 1-on-1 training with a trading coach. Whether you’re a bullish or bearish investor, turn your foresight into an investment. all they ask me to do is invest more and more and I want to withdraw and they will not let me. I will disagree with Mr Talal because I have been dealing with LexaTrade since last 10 months.
LexaTrade UK is authorised and regulated by the UK Financial Conduct Authority . LexaTrade is also legally allowed to operate in India and many other countries. The only downside is that it doesn’t facilitate access to many of the functions offered on a platform such as MT4.
Secure Online Trading
Full compliance with all regulatory stipulations is maintained, and Formula Investment House Ltd has a clean regulatory track record. Access global markets via advanced trading platforms and take advantage of market opportunities. Trade on one of the world’s most popular trading platforms with access to dedicated support and integrated trading tools exclusive to FOREX.com. LexaTrade.com is a genuine company that takes security seriously, sensitive information passes through encryption services including, firewalls and SSL.
There are also time restrictions on how long the demo account can be used. A demo account is a great way to test new strategies and get to grips with a market without the risk of incurring a loss. LexaTrade has specialty education guides that provide traders with relevant information to start trading forex and CFDs online.
Research And Education
The broker also provides the mobile application of their trading platform to help their clients trade on the go. The app is customizable and easy to use, with execution gestures like the Swipe-to-Close function and complete access to the wallet, balance sheet, equity, and margin details. With the app, traders can quickly place trades and monitor their positions on their phones. Education is where lexatrade rezension has created an excellent service for new traders. The Education Center features many articles that cover various topics. Each one consists of quality written content with proper explanations and examples, while a video is equally available.