You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. First of all I would like to highlight that although I’m an EU citizen my trading account was opened in Mauritius. Recent forex news, combined with detailed analytical articles and reviews along with education for different level traders are key to success that’s the fact.
The broker was first established in Cyprus in 2010 under the trading name AFB FX. LexaTrade regulation comes from this old entity. Our professional Support Team and Account Managers are here 24/7 to help you with any trading account, tools, assets, platform, or trading questions, around the clock.
Upon making an enquiry via the chat function we were greeted within the minute with a personal welcome message as shown in the screenshot below. The costumer service representative is polite, helpful and knowledgeable. 100% Deposit Bonus – Receive a 100% Bonus on Deposits (Max Bonus $5,000). To submit your own Forex Broker review please fill in the form below. Your review will be checked by a moderator and published on this page.
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- All accounts support professional scalping strategies with quick execution and for low transaction fees.
- What is more great traders of different strategies will find their good way, as LexaTrade offers both fixed or variable spreads from 0 pips and 0.8 pips for Standard accounts.
- Instant and easy withdrawals are accessible in the MYLexaTrade and PARTNERS areas at any time.
- An account can be opened at the click of a button on the LexaTrade website and can be done in just a few steps.
- LexaTrade lists ECN trading as part of the MT4 capabilities which is impossible without the use of a bridge.
Also, the full capability of MT4 carries over to the MultiTerminal system. MetaTrader 4 efficiently marries a user-friendly interface and design with a data-rich environment and advanced capabilities. Available in over 40 languages, the platform shows deep market history, supports automated trading through expert advisors and boasts more than 50 technical indicators, 30 charting tools and nine timeframes. Traders in Japan welcome LexaTrade Facts & Figures LexaTrade is a trusted forex broker offering several accounts & the MT4 platform. LexaTrade.com started operations in 2011, but has it has already been recognized seven times for its service excellence and educational program. The firm is located in Cyprus and is regulated and licensed by both local and other regulatory bodies across the European continent. However, since FSC is an offshore regulation, we advise you to be cautious when opening an account with this company.
The high leverage combined with a spread of 1.9 and an all expensive initial deposit means that a newbie is likely to lose their money rather than earn a profit. Even with the LexaTrade bonus and demo account, the basic accounts are designed to make a new trader fail before he or she even starts. In this LexaTrade scam review, we point out the high initial deposit which the broker demands of $500.
Professionals from any jurisdiction yet may access high leverage once the status is confirmed. But always make sure to learn how to use leverage smartly, as this tool may work in reverse too and increase risks dramatically big.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. forex news today LexaTrade’s trading conditions are competitive and reflect the standards of the market. They offer multiple trading platforms and varied trading accounts that fit all types of traders. The beginning traders can benefit from free educational tools, while the professionals are supported by dedicated tailored services.
No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, lexatrade reviews equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.
With a well-equipped head office located in Limassol, yprus and a highly experienced team from all backgrounds, LexaTrade LTD is a truly diverse, inclusive and international company. great broker, tight fixed spreads, fast withdrawals, good customer service. LexaTrade is a fully licensed and regulated forex brokerage firm, focusing on currencies, precious metals, commodities, CFDs and Futures. Founded in 2011, LexaTrade is a growing international company with offices in Cyprus and Kuwait.
LexaTrade Limited is licensed by the Cyprus Securities and Exchange Commission and is part of the EU Markets in Financial Instruments Directive , allowing it to offer trading solutions in Europe. LexaTrade Limited is also a member of the Cypriot Investor Compensation Fund . This fund protects traders to the sum of €20,000 should the broker be unable to pay out returns. LexaTrade mobile tradingThe app is available for both Android- and iOS-powered mobile devices and receives good reviews from mobile traders. The MultiTerminal platform is geared towards account and fund managers. The platform allows access, monitoring and trading on several accounts from one place. Accounts can be grouped or managed separately and the platform contains its own internal communication system and automatically generates reports.
LexaTrade has a large customer service team that provides multilingual support to traders 24 hours a day, five days a week. There is a mobile version of the MT4 platform for clients who like to trade and monitor their accounts while away from trading platform their computers. The LexaTrade app supports every order type available on the desktop version, though with fewer charting and indicator options. As the name suggests, the Fixed account offers fixed spreads, set at 1.9 pips for forex pairs.
LexaTrade already quite known and operates for a while also participates to various exhibitions and received numerous international awards along with the big number of active traders. That all in all confirm its status and reputable position in the industry, which we will also see in detail further within our LexaTrade Review. There are, however, a range of forex pairs and commodities https://lexatrade.vip/en/ to be traded, as well as stock CFDs and global indices. Forex and day trading can be considered haram due to the presence of overnight interest charges. LexaTrade addresses this issue by offering Islamic-friendly, swap-free accounts. The Strategizer system allows algorithms to be created and EAs to be built without any coding or programming, using visual tools.
Are There Accounts For Islamic Traders With LexaTrade?
Android users can access a complete set of trade orders, trading history and interactive charts. iPhone or iPad MT4 users also enjoy access to a wide variety of trading https://lexatrade.vip/en/ orders, chart timeframes and live streaming quotes. LexaTrade offers users the ability to trade on the MetaTrader 4 mobile trading app via Android, iPhone or iPad.
Just give us a call, email us, or drop us a message on our Live Chat, and we’ll be happy to help. We can even give you more information regarding upcoming events on how to best track them or where to find them. Several educational resources for the client, including a free ebook about the Forex market and free webinars on various topics related to financial markets. The ‘Learn Forex’ section is particularly useful for aspiring- or beginning traders; covering the basic terms and concepts relating to currency trading. By clicking on the ‘Technical Analysis’ and the ‘Fundamental Analysis’ tabs, the user is redirected to a dedicated broker owned blog.
Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed. At the time of this LexaTrade review, no bonuses or promotions were offered by the broker. An inactivity fee is also charged which is another unnecessary fee in order to collect money from clients.
So at LexaTrade you cover it all, also can benefit from quality technical and fundamental analysis along with in-house designed LexaTrade Web TV that covers most recent updates and topics. The minimum of lexatrade broker reviews 500$ allows you to participate to trading with a Standard account feature with CySEC regulation and entity. While international traders can open an account with a lower deposit minimum of 200$.
As mentioned previously, LexaTrade Holding LTD has been regulated by the Cyprus Securities and Exchange Commission (License Number 124/10) since 2015. LexaTrade Holding LTD and the website LexaTrade.com are owned by LexaTrade Global LTD which is authorized and regulated by the Mauritius Financial Services Commission. Since Cyprus is in the European Union and under the MiFID Directive, it is authorized in all EU member countries. The LexaTrade team utilizes forex strategy the popular Metatrader4 product line, which includes MetaTrader 4, MT4 multi-terminal, Android Trader, MT4 iphone & iPad trader and MT4 Mac OS Trader. If you can get on the Internet, then you can trade with LexaTrade, any time or anywhere. Best-in-class 24/5 customer service including live chat, call back and the free click to call service. CFDs are leveraged products and as such loses may be more than the initial invested capital.
Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. I have to thank LexaTrade for the excellent experience from the last year. In addition, their spreads and licenses are additional reasons that make me calm down with them. LexaTrade Limited does not offer its services to residents of certain jurisdictions such as the USA, Iran, North Korea.
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A detailed review of the trading costs with LexaTrade can be found further down this review. LexaTrade does offer a nice research and education package which will be great for new traders, but it still doesn’t justify the trading costs. LexaTrade shines in certain areas, but counters that by the most basic aspects of trading. It does spend the resources to educate new traders and to provide good coverage of the market through its research team, but the trading conditions at LexaTrade remain subpar in our professional opinion. LexaTrade only offers the MT4 Trading Platform, the go-to platform for Forex brokers, MT4 is rather cheap to obtain and often provided as a White Label solution.