Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money. All money funded to LexaTrade is placed into a segregated tier 1 bank account. This means your money in not held by LexaTrade directly by a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also LexaTrade is regulated by Malta Financial Services Authority . LexaTrade are considered safe as they are regulated by and checked for conduct by the Malta Financial Services Authority . Any payments funded to LexaTrade accounts by traders are held in a segregated bank account.
For experienced traders, the arguments listed are enough to register a login on LexaTrade and start trading. Before proceeding directly to the analysis of the broker’s activities and the services it provides, it’s necessary to clarify one legal issue. This group closes another firm – EXT LTD, also LLC, but with Cyprus registration. Let every reader draw his own conclusions about such a structure, but no one hides this information, it is in many public sources, including the official website of the broker.
At LexaTrade, we believe that privacy is the inherent right of our clients and visitors, so we’ve limited our marketing tools to the bare minimum and empowered our website users with an informed choice. No, LexaTrade does not offer customer support over the telephone.
LexaTrade And Sec: You Can Make A Decent Profit
LexaTrade has a reasonable sized customer support of at least 10. Although we found some very useful aspects of the LexaTrade platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative LexaTrade broker. You’ll also need to answer a few basic lexatrade scammers compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 3 minutes or so to complete the account opening process. It’s grown by $ % in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.
LexaTrade MetaTrader 4 is compatible with the latest macOS Mojave. LexaTrade allows traders to trade on mobile devices through Android and IOS devices like the iPhone. Once you have logged into your LexaTrade account you will see the below trading platform options available to you.
LexaTrade Rating: 5 7
This can be beneficial for people who regularly exchange, for example daily or weekly trading. The first kind of fees to keep an eye out for are trading charges.
Many trading platforms set their headquarters in a third country. The difference is that this broker chose to stay in Switzerland in order to win the trust of customers and the safety of customers’ funds. If you have a higher demand for security, we think it is worth choosing.
Real Reviews Of LexaTrade 2021
The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. LexaTrade has been facilitating trade on the financial markets for over 13 years. LexaTrade offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to LexaTrade are held in segregated tier 1 bank accounts for security.
The trading is performed via LexaTrade Automated Trading Platform that has the extensive set of the trading instrumentarium, that is constantly upgraded. Moreover, there is the possibility to trade with the help of FIX protocol, which facilitates access to the world’s financial markets. The company also has modifications of the terminal for devices on Windows, Mac и Linux. For additional trading platforms, the inactivity fee is contingent on the sort of account you have chosen. The inactivity fee is subjected to a lot of conditions and needs to be disclosed clearly by the broker beforehand.
LexaTrade provides traders with a knowledgeable customer support team to respond to their trading inquiries. The support team can be contacted through telephone, email, online form, and social media. There’s a bitter fact that not everyone can succeed in stock trading. As the very word suggests, a trader has to do with trading. Basically, a trader is engaged day trading in trading various financial instruments at various trading sites. However, because the broker is regulated by the CySec and MFSA, there is a high chance that it is not a scam. With that being said, it still does not mean that LexaTrade is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Features Of LexaTrade
What LexaTrade are able to offer, what countries LexaTrade are available in. All providers have a large percentage of retail investor accounts that lose money when trading CFDs with their company. When opening a trading account with LexaTrade, you will need to sign up here. You can find detailed guidance on LexaTrade trading platforms here. You will need to provide some basic documentation to prove your identity as part of LexaTrade onboarding and normal KYC identity checks.
It will require you to fill in details pertaining to the credibility and security of your account. The reason that LexaTrade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, LexaTrade has to be careful that they don’t breach any money laundering laws and part of that is know as KYC . This means that at all times, LexaTrade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
In order to open an account with LexaTrade, Traders should invest at least $10,000. This minimum initial amount is high enough for the Forex market. Other European Brokers require less; for example, FCA-regulated Broker requires $50 from their clients as Start Deposit, and the Cyprus FXTM – only $5. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed.
LexaTrade Review Introduction
LexaTrade is an investment broker providing trade access to the Interbank market. Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same. Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about LexaTrade you need to go to the broker’s profile. The company treats both clients and their duties as a broker with negligence. An unpleasant first impression discouraged the desire to trade here.
You just need to finish a single-user profile survey to start depositing money into your trading account. You’ll have to provide an identity proof and evidence of residency to deposit substantial sums. Every online trading platform has some pros and cons LexaTrade review would be complete without having a balanced approach. This LexaTrade review covers both the pros and cons you need to know before you make an account.
There’s no minimum time on which a trade must be kept available. The brokers provide premium client service that rewards customers with advantages. By viewing and browsing through any materials, information, news, reviews, analysis and research provided on this site you agree that this is general market commentary and education materials only. Please also pay attention to the fact that any content you may find on this website would not necessarily be totally accurate and valid.
- Representatives of this group will always have their clients who also do not trust new directions.
- On the flip side, a spread refers to the difference between the buying and selling cost.
- After registering on the web resource and verifying personal data, customers can use the office without fear of intruders.
- SSL encryption secures every user’s personal information as well.
- The box had a hole in it so lost 2 bars which was annoying but could have sorted that however the bars in the buy one get one free are there for a reason.
- No, the terms and conditions of LexaTrade do not allow scalping.
The more lots traded by the consumer, the further advantages will become available. LexaTrade is great for traders that want a manageable selection of cheap services.
If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. 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 to understand investment terminology and confusing fee structures.
Below we give an overview on the account types that LexaTrade offer. Whatever you are looking to trade the varying LexaTrade account types will be able to provide you with what you need. LexaTrade withdrawal fees vary depending on your selected withdrawal payment method. Brokers that offer lower minimum deposits are generally geared towards a more lexatrade reviews mainstream audience that do not require some of the more advanced features and research tools. LexaTrade require a minimum desposit of 500 GBP/USD when opening an LexaTrade trading account. A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank.
LexaTrade is a forex broker headquartered in Malta and provides a variety of tools for online trading. Since its start in 2008, LexaTrade has emerged as a top player in the field of online brokerage. LexaTrade includes a highly competitive and full-featured trading website that’s focused on currency, indices, metals, stocks and commodities.