LexaTrade offers trading on the highly popular MetaTrader 4 platform, as well as the broker’s own proprietary Z Web Trader. This, again, could be due to the broker’s regulatory status, as most EU regulatory bodies made the decision to restrict brokers from offering incentive schemes to new clients. LexaTrade does not appear to offer any trading bonuses or other promotions and incentive schemes to new traders at this stage. While leverage can significantly increase the potential profitability of your initial investment, Foreign exchange market it can also increase the potential losses which you may incur, particularly when investing large sums of money. LexaTrade provides access to a range of asset classes, complemented by effective and intuitive tools which create an enhanced trading environment for both beginner and advanced traders. LexaTrade is the trading name of UR Trade Fix LTD, a global multi-asset broker founded in 2011 with headquarters in Cyprus. Regulated and authorized by Cyprus Securities and Exchange Commission , it boasts 10,000+ users.
The broad offering ensures the availability of products and markets to a diverse range of traders who engage with LexaTrade. The MetaTrader 4 trading platform is designed for Forex and futures trading. With MetaTrader 4, traders can analyze financial markets, perform advanced trading operations, run trading robots and copy deals of other traders. Added to this, traders should note that third-party deposits and withdrawals are prohibited and that withdrawals have to be made using the same method that was used to fund the respective trading account. When using Bank Wire Transfer to withdraw funds from the trading account, there is a fee of $30 or currency equivalent in EUR and GBP, with withdrawals of up to $10,000 and 0.3% for withdrawals exceeding this amount.
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For AtoZ’s Reliable Forex Brokers listing you may check our AtoZ Approved Brokers. When it comes to any Forex trading, LexaTrade does not charge any extra commission when a customer acquires a social trading feature. LexaTrade has two trading platforms forex news today — LexaTrade propriety trading platform and MT4. Ultimately, LexaTrade has established itself as a major force within the forex broker industry. Their recent change of ownership in 2017 has also breathed a sense of rejuvenation into the company.
For traders interested in cryptocurrencies like Bitcoin, LexaTrade is one of the few brokers that also offer cryptocurrency CFDs. Trading lexatrade rezension history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions.
Any payments funded to LexaTrade accounts by traders are held in a segregated bank account. Tier 1 is the official measure of a banks financial health and strength.
More experienced traders may choose to trade more independently, by observing the way top traders ‘operate’ and mimic their trading strategies. The fact that the LexaTrade copy trading platform can be used in demo mode for risk free practice is a big advantage.
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. LexaTrade is regulated by Cyprus Securities and Exchange Commission .
LexaTrade offers over 127 different instruments to trade, including over 41 currency pairs. We’ve summarised all of the different types of instruments offered by LexaTrade below, along with the instruments offered by IG and XTB for comparison. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice. LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage. Very organized website layout, easy for traders of all levels to understand.
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The platform offers a built-in library that contains over 50 technical indicators, plenty of analytics tools and up to nine timeframes. All information posted on the Traders Union website is based on reliable and objective data.
To distribute licenses allowing for investment and brokerage firms to operate in the stock, forex, and CFD market. Some of the commodities on offer include gold, silver, platinum and sugar, amongst others. Added to this, the broker provides access to a number of top-ranking indexes, including Dow Jones 20, FTSE, IBEX, and DAX 30. LexaTrade has a compelling product range, providing access to over 200 tradable instruments across a number of popular asset classes, as well as several frequently traded commodities. In terms of its forex offering, the broker provides several Forex Major, Minor, and Exotic pairs.
Innovative Social Trading Broker
Essentially, traders learn how to pick traders to copy and how to set the Stop Loss and Take Profit on the trading platforms. Conveniently, a video tutorial explaining the installation process of the MT4 platform on desktop computers is also provided. Day to day market news and financial analysis is available under ‘Learn’ forex on the dashboard along with a list of upcoming webinars. 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 information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement. With LexaTrade, several traders have complained that withdrawal procedures are neither speedy nor smooth. Potential clients undergo lots of pressure to sign up after trying out the demo account.
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Once you have logged into your LexaTrade account you will see the below trading platform options available to you. If you are looking for Forex brokers to trade currency pairs on global Forex markets LexaTrade offer over 45 currency pairs.
- The LexaTrade review found here includes our findings, including the positive and negative aspects of using this brokerage.
- Additionally, traders may need various indicators, signals, and oscillators to help identify price trends and future currency price shifts.
- Many brokers provide a variety of deposit and withdrawal methods, including bank wire transfer, credit or debit card, and a number of popular e-wallets such as Neteller or Skrill.
- In the above case, the reviewer was an employee of LexaTrade, making the review biased and misleading.
- I am happy with the work of the terminal, I figured out its functionality quickly, even though, again, I had no experience.
- However, there are various adverse reports and LexaTrade reviews across the web; With furious past customers who claim the broker refused to process the withdrawal request they’ve submitted on their trading account.
One of the most important criteria for traders when choosing a broker like LexaTrade is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money. The maximum trade requirements vary depending on the trader and the instrument. As LexaTrade offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
Often you have to visit and read many broker websites all of which have different uses of language. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard lexatrade courses scam to understand investment terminology and confusing fee structures. What LexaTrade are able to offer, what countries LexaTrade are available in. 84.15% of retail investor accounts lose money when trading CFDs with this provider.
A personal account manager is mentioned together with a wealth of educational videos, but little information was available. Traders with LexaTrade enjoy the peace of mind that comes from knowing their trading is safeguarded by our Negative Balance Protection, protecting their trading accounts from falling into negative territory. As mentioned earlier in this LexaTrade review, this brokerage is regulated by CySEC, one of the most popular European regulatory bodies. LexaTrade is an online Forex and CFD brokerage that we’ve reviewed at length. The LexaTrade review found here includes our findings, including the positive and negative aspects of using this brokerage. Anyone can leave feedback about LexaTrade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Trader inactivity within 90 days is also subject to a commission of $22. LexaTrade is a good option for those users who prefer active trading. The leverage is small, but it is a good thing for beginners, since you do not have to go into debt if the deal turns out to be a loss. I did not notice the abnormal expansion of spreads during a quiet market, as well as slippage or requote. But investors who prefer passive earnings should certainly ignore LexaTrade. There is not even an affiliate program there, let alone PAMM, MOMS, etc.