Lexatrade Forex Broker Review - Oceansfay | Digital Marketing Service Provider

Lexatrade Forex Broker Review

Lexatrade Forex Broker Review

The brand ‘Lexatrade’ is owned and operated by ‘EF Worldwide Ltd’; which is a private company registered in the British Virgin Islands . It is licensed and regulated by the Financial Services Commission (FSC-BVI). Lexatrade has an online application form, which is the standard operating procedure. Lexatrade fails to provide this information on their website, but as a CySEC regulated broker, a margin call is likely to be issued at a 50% equity-margin ratio.

  • Trade 300+ markets including currencies, commodities, metals, vanilla options and indices from one place without the jargon, complicated offers and confusing terms!
  • First, the trader chooses an amount that he can comfortably risk and then he chooses the trade time; usually 1 hour, 3, or 6 hours.
  • We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.
  • When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform.
  • The broker has a range of trading instruments and account finding options to choose from.

The minimum deposit on this account is 3,000 AUD, putting it out of the reach of beginner traders. Additionally, experienced traders will find the spreads on this account unpalatable.

How Reputable Are Lexatrade?

For further assistance please contact us via email at cs@Lexatrade.com or visit our LiveChat through our website, where our Customer Service Specialist Team is available 24/5 from Monday to Friday. Lexatrade has an entire section on its site dedicated to educational materials. The educational materials are available to teach new traders about the financial markets and to help advanced traders to learn new techniques on trading financial assets. Lexatrade does not charge commissions, account fees, or costs for deposits and withdrawals. Note that your financial institution might charge you for the deposits and withdrawals you make on your Lexatrade account so check this directly with them. The company is regulated by CySEC and fully abides by the international regulations set for financial markets operators. Lexatrade strictly comply with the AML and KYC policies, which require traders to verify their accounts before they can carry out certain transactions.

Lexatrade has a history as one of the most innovative brokers in the industry and was the first broker to introduce negative balance protection and a guaranteed stop-loss. It has continued to innovate with tools such as lexatrade scammers easyTrade, Freeze Rate, and dealCancellation to help traders manage risk. Trading is offered on its beginner-friendly proprietary platform as well as MT4, and Lexatrade allows scalping, hedging, and algorithmic trading.

Lexatrade broker reviews

Lexatrade offers traders its dedicated web platform, which allows traders to trade anywhere with any internet enabled device and internet connection. There are also a range of built-in analytical tools, with access to more than 200+ trading instruments and feature such as dealCancellation, Freeze Rate and Free Guaranteed Stop Loss and Take Profit.

Demo Account

Traders from the rest of the world, are supported by the support centre based in the Marshall Islands. While it brings some special value for the new traders, its feature list also keeps all the advanced traders in a favorable situation. Things like automation are also possible with a lot of other smart features. On top of everything, Lexatrade brings a new account bonus for people from different parts of the world.

You can also keep an eye on the price changes of the currencies using the live currency rates. The financial calendar lets you keep track of important upcoming events in the financial markets. The resources and educational materials available at Lexatrade are to guide traders and help them make better trading decisions. In this Lexatrade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

Moreover, compared with other providers, their stop loss levels are ridiculously high. I noticed that the stop loss level of brokers like Oanda, FXCM and Dukascopy seems to be zero. It turns out that these positive feedbacks are false and mislead investors and affiliates. He said that Lexatrade wanted to pay him to create false positive reviews for them.

Lexatrade Review ⭐ Tight Spreads & Guaranteed Stops

A lot of things that we used to do a decade ago are not there anymore because they have become outdated due to the advancements in technology. One major thing that has recently changed is the way of earning for most people.

Lexatrade broker reviews

Under the menu, there is another “Deposit Funds” option along with a demo/live account toggle and live chat functionality. Each CFD also has specific Lexatrade margin requirements that traders must maintain. See this list of Lexatrade instruments for up-to-date maximum leverage allowances.

Easy Forex Trading LTD is authorized and regulated by the Cyprus Securities & Exchange Commission . All information shown here is correct, regardless of any compensation we receive. To use Freeze Rate, choose your preferred instrument and click on it. You’ll see the ‘Freeze Rate’ icon between the “Buy” and “Sell” Icon. Click on it, and you’ll get a few seconds to make a buy or sell decision. More to the Cyprus and ASIC regulations, Lexatrade has also been regulated in the Republic of Seychelles under the Seychelles Financial Services Authority and in the British Virgin Islands. You’ll get your referral link under “My Referrals” and “Referral Scheme” on “my Lexatrade.

Lexatrade broker reviews

Technical Analysis – Get market depth and analyses that financial market professionals do including finding trading ideas, optimize entry and exit points and trading central technical analysis. Once you’ve registered for an account with them you get access to a demo account which allocates you US$100,000 to play around with. From there on you can try to make as many mistakes as you can, as long as you learn from those mistakes of course. By the time you’re ready to make real trades you should be trading like a professional. I have been with this broker for 2 years and they seem to be reputable and friendly. But don’t be fooled by their popularity or friendly image on Facebook. Their spreads are high, especially for EURAUD / GBPAUD currency pairs.

Spreads

Lexatrade is a market maker and profits directly from its traders’ losses. With 74% operating accounts at a loss, the cash flow remains substantial. It’s also the best place for beginners to start, as Lexatrade have vast educational resources and research tools which they can use to hone their trading skill. They also have access to a demo account to practice in actual market conditions and feel the market mood. Trading tools available on the app are dealCancellation, Inside Viewer, Market Explorer, Price Notification, Live rate graphs, and a financial calendar. These tools collaboratively enhance a trader’s trading experience and help them manage risks better.

Lexatrade broker reviews

The Lexatrade Trader is an excellent trading terminal for accessing the Forex markets through an online interface that does not require you install any file to your computer. The online platform can be accessed through any device, both desktop, and mobile, and offers the latest state-of-the-art SSL security and encryption for a safe and secure trading experience.

Hedging is a strategy used in limiting or offsetting probability of loss from fluctuations in the prices of commodities, currencies, or securities. Lexatrade is an award winning global broker with full access to 300+ financial markets on our innovative and easy trading platform. Lexatrade has officially launched its latest trading innovation – easyTrade. Lexatrade also offers a number lexatrade website of useful risk management features, such as stop losses , limit orders negative balance protection price alerts and much more. You can see all of the account features offered by Lexatrade here. To open a live account, you’ll need a minimum deposit of at least $1. Alternatively, Lexatrade offersa demo accountthat you can use to practice and familiarise yourself with their platform.

Lexatrade’ proprietary platform is a web-based trading platform. It is intuitive, powerful, and simplified, making it suitable for beginner traders. While the user interface looks modern and clean, it doesn’t support automated trading or allow the introduction of third-party plugins which many traders find helpful. However, additional trading features that set Lexatrade apart from its competition like dealCancellation, Freeze Rate, and Inside Viewer are only available with this on this platform . Developed by Metaquotes in 2002, MT4 is still considered the most popular and customisable trading platform in the industry. Although the platform’s interface is now dated, MT4 is still widely recognised for its fast execution speeds, wide range of charting tools, algorithmic trading, and customisability. The benefit of Lexatrade offering a third-party platform such as MT4 is that traders can take their own customised version of the platform with them should they choose to migrate to another broker.

Easy Markets Pty Ltd is authorized and regulated by the Australian Securities and Investments Commission and holds an Australian Financial Services license . Lexatrade has headquarters in Limassol, Cyprus, and a branch in Warsaw, Poland. The company has additional worldwide locations in Majuro, the Marshall Islands, and Sydney, Australia. In 2013, the broker launched a full mobile site for all tablets and smartphones. In 2010, Lexatrade integrated the popular MT4 Trading Platform. However, unlike other jurisdictions, residents in Australia, South Africa, and New Zealand have no additional compensation scheme in place to cover their deposits.

With this tool, you can temporarily stop the fluctuations of the prices of an asset of interest in order to quickly open a trade position at the frozen price. Typically, clicking on the freeze button freezes the prices for about 3 seconds, within which the trader is expected to either click ‘buy’ or ‘sell’ at the paused price. The lexatrade rezension local transfer is available in India, Indonesia, Vietnam, Thailand, and Malaysia. GiroPay can be used by Germans, iDeal is accepted by Dutch clients while Sofort can be used by clients from Germany, Austria, Belgium, Netherlands, and UK. Processing times vary from instant to 3-5 days required to complete local bank transfers.

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