LexaTrade Broker Review 2021

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150 150 Miguel Ángel Martínez

If you have any LexaTrade login problems it means the company dose not accept clients from the country you are living, You can contact the broker support to solve your LexaTrade login problems. If you are looking for the best online brokers for trading CFD’s, you should consider using one of the best brokers. LexaTrade was once a very popular broker, but now they are no longer accepting new traders. LexaTrade really tries to accommodate every type of trader and their needs. One of the ways they do this is through offering four different account types that come with slightly different features and perks. I was trading with LexaTrade.com for a few weeks and I want to warn you to stay away from this company . I had a technical issue that made me loss money and they didn’t help me and also they wouldn’t compensate me for my losses .

LexaTrade forex broker

The move was coupled with an introduction of new functionality for forex and CFD trading and its modified and fortified trading platform. Their customer service is superb and their trading platform is generally navigable and user-friendly. They also offer excellent bonuses which are not tied-up to your capital. lexatrade official site While the asset selection is adequate for retail traders, LexaTrade fails to inform new traders about it. A backward approach to education, where those who likely need it have limited access versus full access to those who do not require it, continues a practice popular among former binary options brokers.

Unique Features Of Trading With LexaTrade

Richfield Capital has its offices at No 5 Cork Street, P.O. Box 1708, Belize City, Belize. Based in Limassol, Cyprus, award winning online broker LexaTrade has been providing trading services since 2010. LexaTrade is afull service forex brokerthat recently expanded their services in December of 2016 to include trading in forex, CFDs, commodities, stocks and indexes. Based in Limassol, Cyprus, LexaTrade is one of the new generations of online brokers who have burst onto the scene in the last decade.

LexaTrade forex broker

Some mobile apps from other brokers have watered down apps when compared to the desktop platform, but that isn’t the case here. The mobile app, which has a simple interface, provides you with all the trading features from the site. The login process is both secure and fast, with straightforward details and bonus availabilities for mobile traders. The Basic account gives you floating spreads as low as 2.5 pips for EUR/USD, and 2.8 for GBP/USD and USD/JPY. You also get access to some educational resources, including one basic lesson, daily market report, trading central, and two daily TC SMS alerts. When it comes to webinars, this is the only tier that doesn’t offer any.

At the end of this LexaTrade LogIn Account review if it helps you then help our team by share it please. For more information about LexaTrade Broker you can also visit LexaTrade review by ForexSQ forex trading website.

The ability to be able to arbitrarily close a trade is crucial for a day trader as a split second decision can mean the difference between profit and loss. To open a live trading account, you need to meet a minimum initial deposit of $100. Opening as a Binary Options broker, LexaTrade is now a leading CFD and forex brand owned by Rodeler Ltd. For traders outside of the EEA , customers of LexaTrade do business via a separate company called Richfield Capital Limited based in Belize. GBPUSD Spread0.2 pips EURUSD Spread0.2 pips EURGBP Spread0.9 pips Assets45+ Cryptocurrency LexaTrade offer crypto with the tightest margins.

Investors also have access to popular online trading platform MetaTrader4 . LexaTrade offers a deposit bonus of up to 50%, but the terms and conditions remain excessive. Asking clients lexatrade broker reviews to trade 20,000 times the bonus amount within 90 days before unlocking it as a withdrawal incentive is another binary options leftover, pressuring more trading activity.

ForeLexaTraders’ Broker Of The Month

I also noticed that the brokerage does not offer a video guide to their platform as other binary options brokers do. And most importantly, spreads are pretty high with this binary broker.Above all,the persistent calls by the “account managers” to put more money in your account. Forex Trading.Company was established to provide global traders a deep and insightful source of information on forex trading strategies and indicators.

LexaTrade forex broker

No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. ForexFraud.com is an affiliate partner with various brokers and may be compensated for referred Traders. All https://lexatrade.vip/en/ reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

We list the world’s top regulated and authorised brokers suitable for a global audience. This platform opens many opportunities not only in binary options, but also in other tradable markets, such as foreign exchange and CFDs. The company offers its services on a cross border basis to EU forex member states, which permit the provision of its services in their jurisdictions. Due to the company’s regulatory obligations, client funds are safeguarded by being deposited in segregated bank accounts. But how does LexaTrades perform when it comes to actually trading on the platform?

Ption Platform Services

Silver – this type of account requires an initial deposit of EUR/GBP 2,000. The account includes all of the features of the Basic account, with the addition of a Personal Trading Coach and Trading Alerts. Additionally, LexaTrade also provides access to the MetaTrader 4 platform for those of you looking for something more familiar. Mobile trading is also supported both through the MetaTrader 4 mobile app, as well as through the dedicated LexaTrade mobile app. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Maintenan fee $ 20 every month + inactivity fee after 2 month $ 90 every month maximum $ 200 + minimum withdrawal fee $ 60 . After 3 months of trading I had exhausted all my savings, yet he insisted that I must find more money to deposit.

The maximum trade size for stocks is 10 lots with 10-default leverage. Indices have a maximum trade size of 3 lots with default leverages of 50. Even though you can withdraw your funds at any time, LexaTrade processes withdrawals only during the business hours. Withdrawal fees depend on the kind of account you are operating. For diamond and platinum account https://lexatrade.vip/en/ holders, the withdrawal fee is free, while those with gold, basic, and silver accounts pay their fees per the currency they are trading in and withdrawing. The withdrawal options are not very different from the deposit choices at LexaTrade. On the same banking page of the company website, withdrawal options are available depending on your country.

You may incur withdrawal and inactivity fees, however, yet these are clearly stated when you open an account and deposit. You may find more information on applicable and processing fees at the official LexaTrade website. Note that, E-wallet users also need to send a screenshot of their account profile page.

What Does LexaTrade Offer

In addition, their trading platform has been translated into 22 different languages for the convenience of global traders. Finally, LexaTrade provides a mobile trading platform and account management app that can be accessed on cell phones and other smart devices running either the Android or iOS operating systems. Tom served as CFO for various Visa International entities from 1980 until 1999, retiring with the title of Group EVP and Treasurer. He has worked as editor for ForeLexaTraders.com for several years now and during that time provided insightful news articles for financial markets and forex trading. i’m going through a big hard time because of the their scam, i have losted about £52K through my debit and credit cards. He used very aggressive marketing, and unfortunately I was trapped between closing the trades at a loss, or believing him that the trade would eventually become a profit. When I realized that my money was just disappearing before my eyes, I would close the trade on my own, and he would be very aggressive and say “Never close a trade on a minus”.

Compared with many other online trading brokerages, LexaTrade goes above and beyond with the support they provide. The MT4 trading platform is the most popular trading platform in the world and accomodates the needs of both casual and advanced traders. The platform interface is intuitively designed making for a seamless trading experience. Traders can place various order types that are executed with lightning speed.

See below, our in-depth review of the lucrative LexaTrade online trading brokerage. Worked with other brokers before, Some of them are well known, But LexaTrade gave me the best service and the easiest withdrawals and deposit. This broker remains compliant with its regulator, the IFSC, though transparency, and a proper introduction of the core trading environment remain a concern. LexaTrade established itself as a leader in the now-defunct binary options segment, and remnants of the ill-advised practices still exist. Currently, it functions as a legitimate broker, but traders should remain cautious. LexaTrade extends its opaque presentation to deposits and withdrawals.

  • Not every trader has the liberty to trade at the comfort of their homes or offices and with an efficient computer to boot.
  • In addition, the trading platform has been translated into twenty-two different languages, making LexaTrade one of the most global brokers around.
  • ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.
  • As with many other platforms, LexaTrade has a number of different account types on offer to suit various trading needs.
  • Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.
  • In addition to the Scipio trading platform, LexaTrade has also integrated the popular MT4 trading platform for traders who wish to trade the spot forex and CFD markets.

Tell our team and traders worldwide about your experience in our User Reviews tab. The online application asks only for a full name, e-mail address, and phone number. Given its stated IFSC regulation, verification is a mandatory step to satisfy AML/KYC requirements.

Gold Account

It needs to be redesigned and display its offerings more orderly. It also needs to be more transparent in its offerings and services in such a way that visiting investors can easily browse their trading services. LexaTrade ICO (cryptocurrencies) provides a variety of options for replenishing and withdrawing funds from traders’ accounts. Some of them include Visa, Skrill, Mastercard, Qiwi, AstroPay, Perfect Money, Neteller, and bank wire transfer.

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. his broker has a global demand.In this perspective, its website is available in four different languages.

Furthermore , the broker supports MetaTrader4 and offers a mobile trading app. LexaTrade DashTrading broker is fully regulated by main European regulatory body CySEC in Cyprus. You can open an account with LexaTrade with a minimum of $100 and trade Forex and CFD contracts through MT4 – one of the most popular trading platforms among retail traders. With trading offices around the globe, LexaTrade has established a strong presence in the financial markets. It was a thrill to trade and write this LexaTrade review of the trading platform.

Traders may select between the core MT4 trading platform or the LexaTrade webtrader, which is the same one this broker used for binary options trading. This top trading platforms 2020 broker fails to properly introduce MT4, which is reduced to a single paragraph on the homepage, and there is no introduction for the webtrader at all.

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