By default, client money is pooled with the money of other clients. LexaTrade does not pay interest on client money that it holds. Since LexaTrade is authorized and regulated by the FCA, it complies fully with the regulator’s rules for holding assets. This includes keeping client funds fully segregated from the LexaTrade funds. This ensures that if LexaTrade were to become insolvent, client funds would not be at risk. Creditors of LexaTrade would not be able to access those funds.
But even if your account’s currency is not offered by LexaTrade, you can save on conversion fees by opening a multi-currency bank account. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone. There is an automated technical analysis, including early identification for horizontal levels, Fibonacci patterns, and chart patterns. Autochartist also has a built-in risk calculator for determining real capital exposure. With this, you can easily and accurately evaluate the likely impact on instruments of specific economic events. To supplement the MetaTrader platforms, LexaTrade clients can also use complimentary plug-ins.
Trading Conditions For LexaTrade Bank Sa Users
While the company operates in many countries, this evaluation will concentrate on the services it provides in Switzerland. The Swiss Financial Market Supervisory Authority regulates this service. LexaTrade is a stock exchange-listed company with a banking license. Because it must disclose comprehensive financial records, this makes it highly transparent.
A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account. For high-end customers, the minimum deposit must reach 10,000 US dollars. Use AI artificial intelligence to choose the investment target to avoid emotional transactions. forex Robo-Advisory as a trading signal provides investors with a way to invest in the stock market through fund-like investment, without having to Invest time in researching the market. However, this feature requires a management fee of about 1% a year. LexaTrade also provides a live newsfeed and some research tools.
Commissions & Fees
With LexaTrade, there are three main base currencies that you can use for the trading account, with the forex and CFD account catering for 15 different base currencies. The Swiss entity charges a deposit fee of up to 2.5% on debit card or credit card transfer fee.
LexaTrade are headquartered in Gland, Switzerland with offices in London, Zürich, Bern, Dubai, Malta and Hong Kong. The Group employs over 600+ members of staff and serves over 340,000+ clients worldwide. As you can trade many products and lexatrade website no inactivity fee is charged, feel free to give it a try. Having a banking license, being listed on a stock exchange, providing financial statements, and is regulated by top-tier authorities are all great signs for LexaTrade’s safety.
Countries Where LexaTrade Accounts Can Be Opened
An account inactivity fee is a fee charged to the registered brokerage client. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.
The strategy tester can be used to back test EAs over historical data downloaded directly from the broker or an external provider. MT4 has a wealth of built in technical indicators which can be applied to multiple chart types and 9 timeframes. These indicators can be used to spot trends, ranges and to analyse the market for potential trade opportunities. MT4 was developed by Russian company MetaQuotes and is used around the world by traders of all experience levels.
They represent major instruments of Forex, Commodities, Stock and Indices. This bank keep their clients’ funds in segregated account from company’s account. This bank, established in 1996, provides competitive tight spreads, fast execution eur orders as well as transparent, fair, convenient and suitable financial market services. The Learning Centre includes videos, eBooks and tutorials on the different types of products, the platforms, and technical analysis.
You’ll be able to get notifications when trades are completed too. However, one of our complaints is that it is a bit too Swiss-focused. For example, you’ll find the Swiss stock market featured above the European and US ones. LexaTrade LUX allows clients from 150 different countries to register, while LexaTrade CH serves clients from 120 countries. The LexaTrade account opening procedure is quick and easy, and it comes with an effective digital account opening experience.
In addition to a low-cost service for private clients, LexaTrade also developed specialized services for independent asset managers and corporate clients. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. Trading on the financial markets with LexaTrade is not a get rich scheme.
A Tier 1 bank is considered the safest and most secure regarding client capital. If LexaTrade violate any regulatory rules their regulated status could be stripped.
Platform brokers provide real stocks and CFD at the same time. When you need to become a shareholder of a company, you can buy real stocks. When you encounter unexpected situations that may occur in the future, you can buy assets quickly and cheaply and hedge against them. On CFD instruments, LexaTrade will not charge a commission. A broker may charge a commission fee as a service fee for enabling the purchase and sale of financial assets via your trading account. The majority of a brokerage’s income may come from commission fees charged to registered traders on client transactions.
The minimum deposit required on this account type is $1,000 and minimum position size is 0.01 lots. Other Autochartist features include customised filters, webinars, market reports, performance statistics, volatility analysis, price range forecast and a trading community tab. There is a step by step tutorial video that shows you how to find and set trades using Autochartist. To qualify for LexaTrade’s FIX API solution, clients must have a minimum deposit on their account of at least $50,000. You can access real time and historical price quotes, along with having the ability to place market or limit orders over secure communication channels. Following on from MT4, it maintains most of the core functionality with some added features for traders who are looking for the most comprehensive trading technology available.
LexaTrade Provides A Robo
In order to be sure that LexaTrade is not a scam, read our trader reviews and check other popular trading related websites and forums. The commissions and spreads from LexaTrade’s UK entity, LexaTrade Ltd, differ substantially from its Switzerland entity, LexaTrade Bank Ltd. Between the two, UK-based accounts have lower costs and deposit requirements, despite providing a more narrow product offering.
- Once you are done setting up your profile, you must deposit a minimum amount to get started.
- The administrative body and regulatory status, such as LexaTrade, are highly essential factors when selecting a broker.
- Yet another exceptional aspect of the LexaTrade brokerage is their level of customer support.
- LexaTrade is a global trading platform in the sense that it operates in 194 countries including nations in Europe, Asia, Oceania, and Africa.
- Customer support is defined by area, with accessible hours and hotlines, and is a well-organized framework that allows merchants to remain in contact at all times.
- The LexaTrade Professional Account allows volume-based and custom made market conditions.
They also require no minimum deposit for their standard accounts which makes them more accessible to everyone. To complete a bank wire transfer to your LexaTrade account, you must use a minimum AA rated bank. You can begin the wire process from the bank lexatrade scam account where your funds currently are. LexaTrade will not charge you a transaction fee for this deposit. LexaTrade keeps the data and info of its clients very secure and client funds are kept segregated from the operational funds of the broker.
LexaTrade offers a range of platforms for traders to choose from. These include their own “Advanced Trader” and both MetaTrader 4 and MetaTrader 5. It works seamlessly with LexaTrade to give access to deep liquidity as well as quick trade execution.
Only a real fan of a MetaTrader will know about the advanced features, including the facility of backtesting, technical indicators, and trading tools. Another advantage of these platforms is that MT 4 and MT 5 can be customized and integrated with the third-party indicators, and tools are excellent. The source of this information is the website and the broker’s trading platform listed in the Web section of this review. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business. In addition, LexaTrade offers comprehensive wealth management and advisory services.
At the time of this review, LexaTrade neither offered bonuses nor hosted promotions. It does maintain a refer-a-friend campaign rewarding the referrer and referee, but the amounts require high deposits for minimal rewards. The FIX API is available for clients who wish to connect their custom trading solutions to the LexaTrade infrastructure. The desktop version caters to advanced traders and includes automatic pattern detection.