LexaTrade Reviews 2021

The app is available to download free of charge from Google Play or the Apple App Store. The lexatrade Group’s European subsidiary is licensed and regulated by the Cyprus Securities & Exchange Commission . LexaTrade UK is authorised and regulated by the UK Financial Conduct Authority . LexaTrade is also legally allowed to operate in India and many other countries. The only downside is that it doesn’t facilitate access to many of the functions offered on a platform such as MT4.

lexatrade website also provides a range of decision assisting tools such as an economic calendar, live charts, trading signals, and trading sentiment. Spreads are relatively competitive but there is no discount offered for large trading volumes.

I should accept my unlucky or I am not experience sufficient online forex trading. The charts allow for the overlay of multiple indicators for every currency pair or commodity. The company caters to Indian Forex traders, but the situation in India for retail Forex traders is complicated. Per the FEMA Act, Indian retail traders can only trade with local brokers in currency pairs approved by the Reserve Bank of India .

They offer Forex & CFDs in commodities, shares, indices, ETFs, & cryptocurrency. earnings on forex is a multinational group of online trading companies founded in 1996. With their innovative and user-friendly web and mobile platforms, they offer forex and CFDs in commodities, shares, indices, ETFs, and cryptocurrency. Contradicting information and lack of clarity surrounds the research at LexaTrade.

LexaTrade(アイフォレックス)の評判・口コミ17

stock market is committed to offering our clients excellent trading conditions, which includes the opportunity to benefit from extremely low spreads on hundreds of CFD instruments. Trading can sometimes be like a rollercoaster, especially when using leverage, and we want to make sure that you never end up in a negative balance. You will be redirected to the next page where you can read and agree to the Trading Agreement and then fill in the Captcha Code. You will be required to upload your KYC documents — Proof of Identity and Proof of Address, which may take a while to verify. It is imperative to ensure that you clearly read all of the brokers terms, conditions and policies. LexaTrade web-based platform is geared to suit the needs of traders who like to always access a variety of trading and charting features on their trading computers.

Each one consists of quality written content with proper explanations and examples, while a video is equally available. A basic and advanced category divides the depth of the educational content. A free PDF guide for beginners is available upon registration, and 1-on-1 training lessons exist, increasing the value of this section.

  • LexaTrade does present traders with its proprietary trading platform, with a focus on mobile traders.
  • Want to start trading with LexaTrade but the $100 initial payment thru netsafe is safe or not.
  • The LexaTrade Group’s European subsidiary is licensed and regulated by the CySEC .
  • LexaTrade web-based platform is geared to suit the needs of traders who like to always access a variety of trading and charting features on their trading computers.
  • You will be required to upload your KYC documents — Proof of Identity and Proof of Address, which may take a while to verify.
  • More committed and experienced traders will find that the over-priced trading environment, from a sub-standard trading platform no less, places them at a distinct disadvantage.

The UK, Cyprus, and Hungarian subsidiaries serve clients from the European Economic Area, while the BVI-based firm serves international clients from Asia, Africa, and the Americas. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. All funds deposited into your trading account must be under the same name as your LexaTrade trading account. LexaTrade do not charge any commission for opening positions, though there is a spread between the buy and sell rates which has a mark-up to cover broker costs. There are also short video tutorials that briefly explain some of the important aspects of trading, including candlestick patterns and support and resistance levels. They can help traders refresh their memories on such topics.

LexaTrade Review

Access global markets via advanced trading platforms and take advantage of market opportunities. Trade on one of the world’s most popular trading platforms with access to dedicated support and integrated trading tools exclusive to FOREX.com. LexaTrade.com is a genuine company that takes security seriously, sensitive information passes through encryption services including, firewalls and SSL.

Our in-house developed trading platforms are designed for the needs of modern traders. Take control of your trading with powerful trading platforms and resources designed to give you an edge. The minimum deposit amount is $100 while the minimum stake size is 0.01 lots. Traders should not risk more than they are prepared to lose. Yes, a demo account is available to users for a finite amount of time.

LexaTrade

Rates, terms, products and services on third-party websites are subject to change without notice. LexaTrade offers trading in over 800 instruments spread across six asset classes, including currencies, commodities, indices, shares, cryptos, and ETFs. Through their different subsidiaries, LexaTrade provides trading services to clients from different parts of the world. Trading financial instruments with margin carries a high level of risk, can work both for and against you, and can result in the loss of part or all of your investment . You should not invest money that you cannot afford to lose.

Alternatives To LexaTrade

Eligibility requires monthly activity, which includes trading or depositing of new funds. It is essential to point out that client funds are not insured, which increases the risk profile of this offer; as such, it may not be a suitable option for some traders. What LexaTrade does with the client deposits remains unclear, but the website states that no investment activity takes place.

To give you the best possible experience, this site uses cookies. You can review our privacy policy to find out more about the cookies we use. Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions.

LexaTrade is a reputable CFD and forex broker offering a range of tradeable assets and tools through its proprietary web platform and mobile app. This broker review will evaluate the online trading services offered, including investment options, deposit and withdrawal methods, training and tutorials, plus customer care. The broker offers over 800 instruments — spread across forex, commodities, indices, shares, ETFs, and cryptos — through their web and mobile trading platforms. However, they don’t offer the popular MetaTrader platforms and spreads are not the lowest when compared to some of the best brokers. New retail traders may find LexaTrade suitable if they can overlook the absence of essential information, which customer support may be able to provide. More committed and experienced traders will find that the over-priced trading environment, from a sub-standard trading platform no less, places them at a distinct disadvantage. Being a smart investor means having the best selection of trading tools and features available at the touch of a finger.

LexaTrade

The EUR/USD commences with a minimum cost of 1.8 pips, which is very high by any standard, while the minimum deal size is 2,500 units or 0.025 lots. Most brokers allow 0.01 lots, making it an unusual requirement, seemingly aimed at increasing trading volume. This market maker earns directly from client losses where it acts as the counter-party, which better explains the elevated costs and deal size. Commission-free equity trading sounds excellent on paper, but the high mark-up compensates LexaTrade for the lack of additional charges. LexaTrade is an established brokerage able to offer clients years of industry experience. The proprietary platform is generally pleasant to use but traders familiar with the additional features of an MT4/5 platform may be disappointed. To access information regarding account types users will have to first register an account.

LexaTrade Regulation

We have noticed you do not have cookies enabled, which means you will not be able to access or use our platform. LexaTrade was founded in 1996 by a group of forex dealers and bankers. Today, it operates in 15 languages and 159 countries worldwide, including India, the Philippines, Venezuela, and Greece.

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth currency pairs list of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

LexaTrade

The bulk of the assets at LexaTrade consists of 698 equities for direct share dealing, together with 22 equity CFDs, 34 index CFDs, and 52 ETFs. Overall, the choice is excellent, and LexaTrade is a rare broker offering more direct equities than CFDs. Given the broad choice, retail traders and asset management firms alike will benefit from the asset selection. LexaTrade offers a range of free informative resources to assist traders, including free 1-on-1 training, education resources, news, and market analysis. Resources are split into basic and advanced levels ensuring a spread of information accessible to traders with a range of experience levels. The company also runs a popular YouTube channel; content is available in English and multiple other languages. Founded in 1996, LexaTrade is a group of online trading companies with intuitive & user-friendly trading platforms.

How Much Capital Do I Need To Trade With LexaTrade?

Traders can request withdrawals from inside their trading platform by selecting Withdrawal from My Account. Swap rates on leveraged overnight positions apply, and LexaTrade passes corporate actions such as dividends, mergers, and splits on to affected portfolios. A quarterly inactivity fee of $15 exists if the account has been dormant for twelve months.