Some data in the reviews are verified but data can vary from time to time. Currently, there are 3 main types of accounts that users can choose from, namely the ‘Classic’, ‘VIP’ and ‘Raw’ options. These options were created in order to adhere to the different preferences of the traders. As such, advanced services, trading sizes, and lower costs were the primary sources of attraction. “Working with the company, delving into its work, I immediately realized that LexaTrade is definitely not a scam.
A bank transfer takes several business days, and payments with credit/debit cards and e-wallets are instant. LexaTrade provides negative balance protection according to local laws, however offshore zones do not demand this rule so conditions may be different. Two international entities that are based in Mauritius and Seychelles are also registered. Binary options trading is certainly not immune to this problem. Before you can trade, you will need to verify your identity in addition to taking an Appropriateness Test.
LexaTrade trading platform arsenal includes both MT4 and MT5 and its own LexaTrade Webtrader platform, which provides beginner traders an excellent trading experience. For international bank transfers, the minimum withdrawal amount is 50 EUR after the deduction of fees. For amounts that remain below the required 50 EUR, an alternative withdrawal method must be used. Fees are applied in some conditions according to the type of account you are following. No fee for deposit and withdrawal from your credit card however on the other hand 10 EUR fee is applied on withdrawal of 20 EUR. The VIP account offers 1.1 spread and has some additional facilities such as prioritized support, personal account manager, and VIP trading alerts.
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world. The website is relatively easy to navigate and translated into 23 languages. lexatrade scammers The trading platforms are suited to both experienced traders as well as beginners . The Help Center is well organized so you can find the information you’re looking for without the need to contact support. US clients are not accepted; Demo accounts are available. A forex broker is a financial services firm that offers its clients the ability to trade foreign currencies.
LexaTrade has a consumer rating of 1.67 stars from 6 reviews indicating that most customers are generally dissatisfied with their purchases. They no longer offer the Wealth Management Program and a Copy Trading tool is available under FSC but only for non-EU clients.
LexaTrade’ trading tools include Autochartist and LexaTrade’ in-house Trend Analysis tool that integrates with the web trader platform. These tools are offered free of charge to all LexaTrade registered clients. LexaTrade’ mobile trading platforms are good when compared to other brokers.
The Webtrader is especially good thanks to its user interface. This also allows beginners to understand trading quickly and easily.
It is very hard to manage risk without negative balance protection. That´s why I do not trade bigger amount of money on LexaTrade accounts. Should your account be inactive for more than 90 days then an inactivity fee between $25 – $50 is applied every month until the account balance reaches zero.
As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with LexaTrade like Binary Options trading. You should have confidence in LexaTrade and know that the management of your financial investments on the LexaTrade platform are in good hands. This broker doesn’t impose a minimum withdrawal sum but withdrawals below 2 EUR cannot be processed and a 10 EUR fee will be imposed to wire withdrawals below 100 EUR and any other withdrawals under 20 EUR.
While Classic and Vip accounts are based on a spread-only model, the Raw account features interbank spreads and commission charges per lot. LexaTrade brokers provide highly regulated brokerage services, throughout the world, including the US. LexaTrade offers a number of assets to be traded on MetaTrader 4, MetaTrader 5, LexaTrade web trader, and its mobile app.
LexaTrade is spread online and through LexaTrade mobile app trading throughout the world including the US. By maintaining optimum support and assistance, refined products, and full transparency, the LexaTrade also educates its clients through its Academy. Educational resources covering useful information on how to operate in capital world currencies and markets, develop own trading strategy with accredited courses and webinars. Since the approach of the company establishment comes from Switzerland, its strong basis is confirmed by the great environment the company built. In Europe, LexaTrade does not offer bonuses or exclusive promotions due to regulatory restrictions.
We check all genuine customer reviews and show the number of approved and rejected reviews. All fake or false reviews are excluded from the Reviews Score. Both beginners and seasoned traders can enroll for trading courses and learn via trading videos, Webinars, 1 on 1 VIP sessions, Live Education, Seminars, exclusive Webinars and more. LexaTrade process and confirms withdrawals quickly within 1 business days. The trading conditions at LexaTrade are good, but are different in each entity.
LexaTrade is regulated by several financial authorities and is fully legit. The group headquarter is based in Switzerland, however the Swiss entity does not offer index options any trading services. LexaTrade Group was launched in 1994 to provide leading forex and CFD investment services for more than 1 million clients worldwide.
The company meets most modern standards and offers quality services for traders of all levels. LexaTrade Holding PLC no longer offer binary options to it’s clients as of 2. So, the broker scores a plus there, but plummets a bit when its live accounts are concerned. Overall, we found LexaTrade to be a strong and reliable brokerage, albeit without any thrills or exciting extras to report on. The positives are the payment processing times and lack forex of fees. Meanwhile, the negatives include the high account inactivity fees. Having started in 2012, LexaTrade hasn’t been able to grow its client base to over 1 million users by accident.
From my experience, the app works just as well as the online platform or Metatrader 4/5. You will find all the necessary functions very quickly and get the fastest access to the markets. The trading fees are depending on the account type or asset. If you deposit more or have a high trading volume LexaTrade can provide you better trading conditions. MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time.
This broker deploys a reasonable fee structure for index CFDs at $2 per lot, and a 0.15% charge per share applies to equity CFDs. Overall, there are almost only benefits for traders at LexaTrade. To make this review transparent, Stock of course, we’ve looked at other brokers in this area. The spreads could be a bit smaller in comparison, but the broker would have to cut back on other offers. The service for customers is excellent and recommendable.
Spreads are down to 0 pips on major pairs at times, though they average at 0.3 pips on the EUR/USD. A reasonable commission of 5 USD/lot round turn is charged on Forex pairs. Because of the nature of this account, an Islamic (swap-free) option is not available. The minimum deposit on the VIP Account is 3,000 USD, and spreads are average at best, starting at 1.1 pips on the EUR/USD. In addition to the tighter spreads, the VIP Account comes with access to several trading and educational tools, including AutoChartist, a personal account manager, and VIP access to built-in trend analysis tools. A demo account is an account offered by some trading platforms, which is funded with phony money.
LexaTrade offers only USD, GBP, and EUR accounts, fewer than most other brokers. Traders are eligible to open an account at LexaTrade, as long as they meet the minimum deposit lexatrade official site requirements of each account. LexaTrade’ non-trading fees are high compared to other similar brokers. LexaTrade’ trading fees are higher than other similar brokers.
For non-EU clients registered under FSC Mauritius () there are standard referral promotions and frequent competitions based on trading-volume. Trading Talks is a 10-course recurring educational webinar which is held every two weeks. The LexaTrade official YouTube channel is where past webinars can be accessed. Over 200 videos are in the expanding library, allowing traders to learn at their own pace. Fully developed in-house, LexaTrade Mobile App enables traders to manage their account and trade on the go.