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An Overview Of LexaTrade Forex Broker Platform

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 orders, chart timeframes and live streaming quotes. Not that this account opening defaults to the LexaTrade Global Limited which is regulated by the Mauritius Financial Services Commission.

Enjoy high commissions and continuous support to grow your business. The Latest News covering forex, commodities, and indices in addition to exclusive CFD and forex trading opportunities identified by the LexaTrade research team. ™Forex Peace Army, ForexPeaceArmy, FPA, and the FPA Shield Logo are all lexatrade scammers trademarks of the Forex Peace Army. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.

LexaTrade forex broker

According to the broker’s website, they offer further protection to retail clients by holding client funds in segregated accounts and being part of the Investor Compensation Fund. Tell our team and traders worldwide about your experience in our User Reviews tab. LexaTrade makes money from spreads, commission, swaps as well as fees related to storage as well as inactivity. It also makes money from trading losses of its clients where it acts as a counter party. Clients have the choice to open an account with either LexaTrade LTD which is regulated by CySEC and under the EU framework, or with LexaTrade Global LTD which is regulated by the FSC in Mauritius.

Please make sure that you fully understand the risks involved, taking into consideration your investment objectives and level of experience, before trading, and if necessary, seek independent advice. Several educational resources for the client, including best forex brokers a free ebook about the Forex market and free webinars on various topics related to financial markets. LexaTrade provides a good customer service which has several contact means including phone call, live chat on the website of the broker and email.

Links to YouTube, Facebook, Twitter and other services inserted in the comment text will be automatically embedded. There are various payment methods available through the LexaTrade platform, including bank wires, credit cards, and a wide choice of eWallets such as Skrill, Neteller, Web Money, and FasaPay.

Types Of Forex Trading Indicators

At the time of writing, LexaTrade doesn’t offer any no deposit bonuses, welcome deals or rebate promotions. Traders can, however, access a free VPS, regular market analysis and a series of video tutorials. The broker also charges swaps for holding positions open overnight, though Islamic trading accounts are exempt from this fee. 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. The latest innovations in forex tools and resources to assist you in online trading.

cryptocurrency has a successful history full of great achievements, technological breakthroughs and long-term relations with our traders. LexaTrade takes everything responsibly by offering traders homelike conditions and a full range of Trading services, free VPS, Forex educational, and research programs and lucrative partnership programs. First of all I would like to highlight that although I’m an EU citizen my trading account was opened in Mauritius.

Forex trading system that does not require any coding to build an EA.

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. https://lexatrade.biz/en/ Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

Only the NFA regulated brokers featured on this site are available to U.S. customers. Clearly, LexaTrade offers competitive features that are fit for both beginners and professionals.

What Is The Maximum Leverage Offered By LexaTrade?

There are, however, a range of forex pairs and commodities to be traded, as well as stock CFDs and global indices. lexatrade cheating In addition, client funds are fully segregated from the company’s capital in tier 1 banking institutions.

LexaTrade forex broker

Despite being regulated in Cyprus, it appears that there is some misinformation in regards to execution type. There is potential if LexaTrade cleans up its act, but for the time being it is wise to stay away. 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. Aside from LexaTrade’ extensive analysis database, the broker offers several useful tools that can support users in their trading activities. The calculator tools allow traders to determine factors such as their position size, margin and risk and can be used for currency conversion or to calculate pivot points. The broker further provides an economic calendar, a glossary and practical trading tips.

The firm also offers a broad array of online educational and training materials, all supplemented with ample and current market research. LexaTrade is safe and reliable broker and the conditions are good for me! You can get your money in no time – much faster than within the declared 24 hours, almost in several minutes. During new release you are not allowed to carry out any operations otherwise there is a chance to lose the profit gained within such orders. So, in general experience with LexaTrade is more likely positive than negative.

LexaTrade Broker Profile

Trading Central is a registered investment advisor in the US, Hong Kong and authorized in the EU. It gives clients access to 24-hour coverage to 85 markets and LexaTrade offers its traders the Trading Central MT4 Analysis Indicator plug-in. Trading Central has been in business since 1999 and many retail traders will find it a useful tool in order to get an independent second opinion on markets.

LexaTrade forex broker

Let other traders know if this service is worth checking or should be avoided. It offers the possibility of using automated trading systems through the Metatrader 4 platform.

Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he https://lexatrade.biz/en/ has worked at include big banks like Citi, and prominent hedge funds including D. The Customer Service Department at LexaTrade is top of the line, having received many prestigious awards for its excellence. The LexaTrade team of customer service reps can speak to you in more than 15 languages including English, Arabic, Bengali, Spanish, German, Russian, Chinese, Bulgarian, Urdu and Greek.

The Strategizer system allows algorithms to be created and EAs to be built without any coding or programming, using visual tools. The Strategizer is free and integrates with MT4 for up to five strategies. It includes the ability to add stop losses, trailing stops, signal rules, trade timings eur usd and logical algorithms. LexaTrade Global Ltd is licensed and regulated by the Mauritius Financial Services Commission . The broker is authorised to provide services outside the EU, though not if domestic regulations prohibit their operation, such as in the US, Cuba, Sudan, Syria and North Korea.

Maximum Leverage

Each article is labelled per topic such as making it easy for the user to explore the content related to their area of interest. LexaTrade offers multiple research tools in the dedicated ‘Online Trading Tools’ section of the website. This includes market updates and outlook reports and technical- & fundamental analysis in both feature-rich articles and video format. Visitors can opt to speak to a customer service representative in the language of their preference, by selecting one of the options listed below.

  • It remains the most popular trading platform as it is offered by nearly every Forex broker.
  • LexaTrade takes everything responsibly by offering traders homelike conditions and a full range of Trading services, free VPS, Forex educational, and research programs and lucrative partnership programs.
  • The broker also provides an impressive range of research and education tools.
  • LexaTrade has a well-equipped education centre with a range of free learning resources, as well as some that are limited to Premium and Ultimate account holders.
  • Its address is Maximos Plaza, Block 3, 5th floor along Maximos Michaelides street, Limassol, Cyprus.
  • 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.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Trading Leveraged Products like Forex and Derivatives might not be suitable for all investors as they carry a high degree of risk to your capital.

LexaTrade offers MT4 to its traders, a reliable platform that is held in high regard. The broker also offers MT4’s MultiTerminal platform for account managers, allowing access to several accounts at once. With LexaTrade, users can trade on Forex, Indices, Metals and Energies through the MetaTrader 4 trading platform for Windows desktop and via the mobile app on Android and iOS. From our observations, LexaTrade provides a simple Forex and CFD trading offering suitable for both beginner and advanced traders.

The most basic account which is Classic requires $500 for deposit and offers 1.9 lots in spreads. The account doesn’t allow scalping even though it doesn’t attract any trading commissions. The other accounts are the Standard, Premium, and VIP which require $500, $5000, and $25,000 for initial deposit respectively. The broker offers a demo account that can be loaded with up to $5 million of simulated money. Once logged in, traders can use the demo account for risk-free strategy trials and platform familiarisation.

Broker Types

Its address is Maximos Plaza, Block 3, 5th floor along Maximos Michaelides street, Limassol, Cyprus. In this LexaTrade review, we have established that the firm offers an adverse range of products which include Forex, Future contracts, metals, Equity indices , CFDs and energy contracts. It offers its services using the following languages; Russian, Deutsch, English, Arabic, Persian, Bengali, Japanese, Polish, German among others. LexaTrade is a trusted forex broker offering several accounts & the MT4 platform. LexaTrade has a large customer service team that provides multilingual support to traders 24 hours a day, five days a week. 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 .