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Lexatrade Cashback

We really appreciate you being a satisfied client and helping to share the word about us. Because they disabled India Local Instant payments method for withdrawal and allow withdraw through India Instant payments ( which has worse exchange rate about 9% expensive ). We didn’t find complaints about the spreads, though some people commenting in online forums complained about slippage.

There is no option to set alerts and notifications on the web trading platform. Last but not least, Lexatrade offers clear fee and portfolio reports. Lexatrade’s market research is competitive, and it continues to make improvements each year.

While it has the capability, third-party plugins are required to unlock its full functionality. Lexatrade offers only the most basic version of the MT4 platform, and while numerous free upgrades are available, those considered critical come at a price. From the client portal area, you can also access more research from third-party tools such as AutoChartist. This tool is provided to clients by some brokers as it provides technical research and trading ideas. You cannot access algorithmic trading capabilities, customised indicators or layouts from the mobile app, like you can in the desktop version.

The commission for these two accounts is very competitive and higher than the industry average. Most of the major markets across Forex, indices and bonds are available to trade on.

Platforms

The broker scored highly in several categories including Fees, Account Types, Deposits & Withdrawals, Customer Support and Education but only scored maximum points in Deposit & withdrawal. Check out the current account balance requirements at Lexatrade in our What is the minimum account balance at Lexatrade article. Our ultimate guide to the Lexatrade minimum deposit is updated regularly. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

Lexatrade forex broker

Another advantage for new traders is that the offering is simple without an endless range of platforms and instruments which can be confusing. Classic accounts require a minimum deposit of $100 and offer spreads starting at 1.6 pips with no commission. Despite being a newcomer to the sector, Lexatrade can surely hold its place in the table of the best forex traders.

TD Ameritrade, for example, has an incredible educational offering. The platform is customizable and allows users to easily change the size and position of the tabs. Though, the platform has an outdated feel and isn’t the easiest to navigate. For example, adding an asset isn’t the most straightforward. The live chat is average but the team is very helpful and will provide screenshots if needed to help you along. Apart from this, the only downside we can see here is that it’s not available 24/7.

Broker Details

You can search for a range of technical analysis chart patterns developing across a variety of timeframes and markets using this tool. In our customer support live test, we contacted the broker via telephone and live chat. The agents were knowledgeable and helpful when responding to technical questions regarding their platform and fees. From the Lexatrade client portal area, you can upload your documents, access your trading accounts and platform downloads. Leverage is a double-edged sword as it can amplify your winning and losing trades. This is one reason regulators such as CySEC, ASIC and the FCA cut the leverage brokers can offer retail traders – to make it safer for beginners. The MetaTrader 5 mobile app provided by Lexatrade is probably the easiest and fastest way to trade from across all the platforms provided.

Lexatrade forex broker

Of the two, beginners will find the web platform the easiest to use but there will still be a learning curve. By investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk.

Where Are The Headquarters Of Lexatrade?

The chart below details all the categories that we evaluate and rate. Then keep on reading as we have battle-tested all of the features and services provided by Lexatrade and outline our findings in detail below.

  • The MetaTrader 5 desktop platform allows you to view multiple charts just from one screen so you can keep track of multiple markets.
  • The MT4 community is vast, as is the amount of text and video resources to support new and experienced traders alike.
  • Access the markets with an account suitable to your needs.
  • All this because they are manipulating much times with candles shape this will result in fault decision ( Sell .. Buy ) …

Multiple updates throughout the trading day, together with a solid mix of written content, charts, and videos, provide an exceptional service. The range of account types offered by Lexatrade is higher than the industry average. For example, only very few retail CFD brokers offer access to a Futures and Options account which are products mainly geared towards lexatrade website professionals. The TradingView and CQG platforms are only offered to futures and options traders. TradingView is a web-based platform that is simple to use, while the CQG is a desktop platform mainly used by institutional and professional traders. The MetaTrader suite of trading platforms is considered to be the most popular trading platform in the world.

On the other side, international traders have to choose the FSA license. Among trading instruments Lexatrade offers CFDs for Nasdaq 100, and S&P 500 US stock indexes. The minimum deposit to open a trading account with Lexatrade is $100. The only possible complaint is the high spread at the first trading hour of the day. But I understand that’s because of the low liquidity and it happens on all other brokers I’ve traded with. I’ve been with Lexatrade since 2015 and I dont have anything to complain so far.

As MetaTrader is one of the most popular platforms in the industry there are also a lot of support tools in the online community. While you can trade most major markets with Lexatrade, there are only around 135 instruments to choose from across Forex, Indices, Metals, Energies, Bonds and Cryptocurrencies. lexatrade broker reviews But you can also access 62 futures and options markets which are unique compared to other brokers. The overnight swap fees were also in line with the industry average. This fee is important for long-term traders, as overnight fees can add up if you are holding trades for a long period of time.

The IB contest IB Champions is exclusively for Introducing Brokers in Asia, ΜΕΝΑ, Latin America and other regions with a share of $65,000+ worth of cash prizes at stake. Provide an email address and proceed to the second page to complete registration with information on your occupation and education level, financial status and investment plans, and trading experience. Now I am passionate about reviewing and comparing forex brokers. Lexatrade offers a limited number of markets and instruments, and we hope that they will add shares CFDs, cryptocurrencies, and ETFs in the future. Lexatrade does not charge non-trading fees such as account inactivity fees as well as deposit & withdrawal fees.

Lexatrade also offers the MQL5 Signals system to notify the traders about making moves in the asset markets at the right time through the MT 4 platform. lexatrade rezension Lexatrade’s most valuable asset is its eleven-member research team, which provide traders with exceptional coverage of the financial markets.

When trading CFDs, traders should be ready to take the high risk of losing money rapidly due to leverage, and therefore, extreme precaution should be undertaken. You need to consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Overall, in general, Lexatrade’s initial and ongoing costs are lower than other similar brokers.

Trading platforms, provided by MetaTrader, come with an outdated design and a poorly-structured news feed. You can deposit a minimum of $100 and withdraw a minimum of $10 using the above methods. Myfxbook AutoTrade – You can use this tool to learn tried and tested strategies from professional traders. Classic Account – You can use this account to access global markets and make commission-free trades. The world of Forex is vast and there are many opportunities to earn a good living from it. It might be difficult to know where to start, but with a little bit of knowledge, you’ll be able to choose the right broker and increase your profits. We’re powerful content aggregators running a tight ship here – we don’t allow ourselves to be distracted by low-quality marketing campaigns or easy money.

Lexatrade forex broker

This is a huge advantage for those who are looking for an exotic currency pair for trading. Buy one currency and sell the other currency from the currency pair.

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