The company is regulated and licensed by the Financial Services Authority in the Seychelles. LexaTrade also managed to acquire an additional regulatory license within the United Kingdom to further expand its reach. You will have to satisfy the trading volume requirements first before you are able to withdraw your funds. It is only the profit generated by trading with the bonus money that you can withdraw eventually. The bonus is available on the Welcome Account only and you have to trade several standard lots before you can withdraw the funds to the real trading account. LexaTrade is a secure system that protects your data via encryption. Also, they have many years of experience in the online trade industry.
One of the things in which LexaTrade stands out is at the level of customer service. Because LexaTrade is an international online broker, we provide our clients with multilingual assistance 24 hours a day, five days a week. At the moment, there are no LexaTrade bonus offers or promotions because the EU regulations and other regulators forbid them. However, a LexaTrade bonus you can get is a Trader of the Month promo, a $30 welcome bonus, and a few other things. The demo account LexaTrade broker providers are what will show you what is available and what you can do with it as a trader. There is a lot to learn, and you will need to know all the details before you get started with live trading.
- The bonds market is one of the largest securities markets that allows investors to speculate on the stability of government treasuries.
- Initially, when i deposited my fund with LexaTrade the exchange rate was excellent, and the payment system used was paymero.
- Stock indices allow you to track a group of stocks to buy and sell them as an aggregate, rather than picking single stocks.
- Bonds – Invest on German government bonds featuring zero commission and competitive spreads.
- If you prefer to copy the trades of other successful traders, then Myfxbook is available within your MetaTrader 4 trading account.
- See the broker’s website for instructions on how to open an account.
Along with this, for its users’ comfort and ease, it is available on Windows, Mac, Web, Android, and iOS platforms. Another thing to keep in mind is that the currency of the base currency of your account plays a vital role in every withdrawal.
A combination of multi-lingual webinars, seminars, eBooks, video tutorials, and infographics present educational content to new traders. Multiple webinars are provided weekly, covering a wide range of topics. LexaTrade additionally hosts seminars globally, introducing Forex trading to new and potential clients. Two eBooks are available for download; in a marketing-inspired push, one eBook covers potential affiliation with LexaTrade and, as such, is of little value to most traders. Myfxbook enables social trading, but traders should be aware of the mark-ups on spreads.
LexaTrade is considered one of the best and most popular online trading platforms. It was founded by experienced professionals and fulfills the demands of beginners and professional traders. From our observations, LexaTrade provides a simple trading offering suitable for both beginner and advanced traders. Users can access lexatrade website CFDs products on the commission-free Classic Account with spreads from 1.6 pips, or the commission-based Pro and VIP Account with spreads from 0 pips. MetaTrader Marketplace allows users to access copy trading services, algorithmic trading services and customised indicators and strategies directly from the MT4 platform.
Bank transfers may take 3-7 business days to be processed, while credit cards and online payment methods are processed in less than a day. LexaTrade offers users the ability to trade on a variety of trading platforms including MetaTrader 4 and CQG. As for the LexaTrade bonus, the broker offers multiple promotions to its clients, ranging from the $30 Welcome Account, Trader of the Month, and many more. These bonuses give additional trading funds to the lucky winners who also can withdraw the bonus money to their personal account.
Brokers By Licenses
Yes, LexaTrade offers a swap-free account, compliant with Sharia law. See the broker’s website for instructions on how to open an account. If you are looking for alternatives to LexaTrade we have compiled a list of the top 5 brokers that are similar to LexaTrade below. This list of brokers like LexaTrade is in order of similarity and only includes companies that accept traders from your location. As an online platform, the web-based interface doesn’t require a software download.
Besides, the broker’s agent is rarely to see on forums, to resolve the negative issues and users problems. To avoid the negative dealing with the company, ask your account manager about the account verification terms, guideline for using bonuses and withdrawal aspects.
You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. LexaTrade is a startup Forex broker, yet has enough various references in Internet. Today the company, despite of being yet a very startup, is a technology-packed ECN-broker created by traders for traders, making online trading gainful and comfortable. 70% of retail investor lexatrade scam accounts lose money when trading CFDs with LexaTrade UK Ltd. LexaTrade is an online broker that is regulated in multiple jurisdictions. They provide trading services in over 87 instruments via the MT4 platform, offering competitive spreads and commissions, advanced trading tools, and fast executions. The forex market is the most popular financial market because of its volatile price movements and 24/5 availability for trading.
It is a sensible and trustworthy platform where one can invest money and trade. Please do not consider this as investment advice or an investment recommendation.
LexaTrade Europe Ltd is a licensed broker and is regulated by the UK FCA, the Cyprus Securities and Exchange Commission , and the Financial Services Authority of Seychelles. Trading CFDs, or instruments from any other asset class like indices, forex, commodities, bonds on the MT4 platform is possible through three main types Pro, Classic, and VIP Account. It has taken care of the preferences and requirements of beginners, and in order to support them, it offers demo trading and Islamic swap-free accounts. Moreover, there are commission-free trading accounts made available by it.
Forex is the worlds largest market by volume and can be traded 24 hours a day, 5 days a week. LexaTrade offer over 60+ FX currency pairs including majors such as the EURUSD, GBPUSD & USDJPY as well as minors and exotics. LexaTrade do offer a FIX API connection to private and institutional clients who maintain a minimum account balance of $500,000. The monthly commission generated should be $5,000 to get the FIX API for free, otherwise the fee is $5,000 minus commission generated. LexaTrade offer the most widely used and popular trading platform which is MetaTrader 4 . MT4 is freely available to use on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile app is useful for those who wish to trade on the go whilst the web platform runs in most browsers without needing to install any software.
LexaTrade Video Review
Users can easily program indicators and Expert Advisors to trade the Forex market 24/5 with no intervention needed from their side. LexaTrade has a limited range of platforms when compared to many other brokers in the industry, consisting of the ever-popular MetaTrader4 and the company’s proprietary WebTrader. The company’s Zero Fees policy means that LexaTrade will reimburse traders for any fees charged up to 100 USD. The company provides one of the industry’s fastest execution times – 0.15s on average and no re-quotes. With a proven track record of strong financial results and stable growth, LexaTrade has defined itself as a trusted market leader and innovator. According to research in South Africa,LexaTrade is a trading name of LexaTrade Ltd, a member of LexaTrade Group, which is regulated by the Seychelles Financial Services Authority .
Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades. As you can see, LexaTrade’s minimum spread for trading EUR/USD is 0.2 pips – which is relatively low compared to average EUR/USD spread of 0.70 pips.
Key Facts About LexaTrade
We also compared LexaTrade’s fees with those of two similar brokers we selected, AxiTrader and FXCM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. The company is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority in the United Kingdom. Very good broker but 50 doller is best for minimum deposit in ecn account.Please make a minimum deposit of dollar 50 as soon as possible.
Traders can look forward to exotic, minor, and major currency pairs where the standard lot size is usually 100,000 currency units along with zero limit and stop levels when it comes to forex trading. Traders will also appreciate the functionality of the user-interface as its easy to navigate and extremely smooth to ensure an uninterrupted trading experience. LexaTrade is considered a MetaTrader-only financial trading firm and therefore traders will be able to download the dedicated MT4 app on both Android and iOS devices. Traders simply need to visit the Google Play Store on Android devices or the App Store from Apple on iOS devices.
LexaTrade Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority . The FSA was established under the Financial Services Authority Act 2013.
Yet, customer service isn’t available during the weekends, so you can leave your request via the contact form to be advised. For the Deposit or Withdrawal options broker using convenient methods with perform payments with ease and diverse. On the negative side proposal vary according to the entity and there is no 24/7 support, spreads for Forex are little higher than average. Variations of oil are available to trade as an amassed average across sectors. Speculating on the price of oil enables you to trade on highs or lows, as you would any other asset.