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Plenty focus on running an efficient shop, while others entice you with a diversity of innovative features that could lead to achievement in this high risk setting. Every now and then, you find a broker that achieves in both areas. Whether you are a veteran or an amateur, you will locate a trading venue that fits your current requirements. You will also find a development path for future trading possibilities if and when your skills increase to meet extra challenges. I have been trading with LexaTrader for 3 months and I deposited $2000.
Not having spreads listed on your website is very bizarre the majority of brokerages have their spreads listed very clearly allowing you to compare them against other brokerages, however this is not the case at LexaTrade. I have no intention of placing $100 with them just to discover the spreads on offer.
As my confidence improved, I started off with the mini account generally meant for new traders and saw gains within no time. LexaTrade also allowed me to start a demo account to learn how the site worked. This is a great feature because you can play around with trades without using any real money.” Moreover, LexaTrade offers online educational resources that can help you use these trading tools and resources efficiently. These resources include videos and online tutorials that are available on LexaTrade’s website.
Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free. If you are looking to get involved in forex trading, then there are some great sites out there for you. Not every site is good for beginners, and many have a setup that’s much better for people with tremendous experience in the industry.
Why Trade With LexaTrade?
At present, I am having a very big difficulty with them, which still not resolved. From last week, I am not capable to login their platform, I contact with their customer support and they asked me to reinstall the platform. After reinstalled the platform the problem remains same and they ask me to check my internet connection, where my internet speed is 15mbps. Now they are saying they send my issue to their technical forex department but how long it will takes the don’t know. I think this a kind of cheating and fooling people with tricks like this. It enables traders to share their ideas with other investors online and copy deals of the most successful ones. The social trading gives traders an opportunity to discuss strategies, ideas and experience so that they could develop their trading skills and increase their profits.
The company has earned a good reputation for quality and reliability. The website is attractive and easy to navigate, even if you have not had previous Forex trading experience. Webinars are mentioned as another offering to account holders but none were available at the time of this review.
We’d usually suggest making a small test deposit, in this case, to check for any unanticipated fees, but it is impossible to do so due to the $500 minimum deposit requirement. As for the Platinum account, LexaTrade actually expects a $50,000 deposit to access spreads from an above-average 1.8 pips. Options quickly jump to a range that is 2 pips and higher – as we mentioned, this is actually worse than what’s offered on many broker’s Mini/Micro/Cent accounts. The only account that manages to bring traders a competitive spread would be the ECN account, where spreads start from 0.3 pips, although commission charges are applied. Some options manage to stay below an average range, but spreads on many currency pairs are 3 pips or higher.
Support & Contact Information
The easiest way to open a demo account is to navigate to the education section of the website and to choose the “Open Demo” option. As for spreads, options start at just 0.3 pips on the ECN account, while the remaining accounts offer spreads from a higher 1.8 – 3.3 starting pips. The Golden account offers a 20% welcome bonus, while the Mini account offers a 25% education bonus.
- For beginners and those who purely try how the system works from the inside, the broker will not work.
- Anyone can leave feedback about LexaTrade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
- So you can place trades at no risk whilst getting used to the many additional and built in feature this trading platform has on offer.
- Commissions are listed as starting from 0.3 points on the ECN account.
- The Refer a friend campaign provides a bonus of $250 for every referred friend who deposits at least $500.
- Whether you are a veteran or an amateur, you will locate a trading venue that fits your current requirements.
Traders receive instant responses to trading alerts and provider signals. In addition, there are multiple order execution types such as Market, Stop, Limit, Trailing stop, chart-based trading and position-keeping. Once a trader decides which traders to copy he need only replicate their investments and earn from their expertise. broker This is an essential educational tool for beginner traders as it enables them to witness real-time strategies of the pros, while profiting from their productivity. We did not find any data about LexaTrade.ae being listed in the blacklists. We have no information if LexaTrade.ae is optimised for mobile devices.
DFID.org is only compensated by selling advertising spaces and has no other sources of remuneration and no partner relationship with any financial firms listed on the site. Opinions of the site users about the firms listed are totally independent and shall be published in free access on the website. At LexaTrade traders are offered a variety of tools, such as free trading signals, technical analysis, daily market reviews and Forex articles. They can find out what expert analysts are saying about upcoming market developments by reading their daily market analysis and receive the most recent market updates. The third account at LexaTrade is the ECN account geared for professional and experienced traders. The minimum deposit is $5,000, spreads are low and trades are instantly executed. All trading is done under the conditions governing international banks and the ECN/STP model grants direct access to the largest liquidity pools.
Plus500 Review
Traders can use these resources to understand how interest rates and monetary policies impact the value of commodities and foreign currencies. Traders can also use these resources to understand how asset markets function during the normal course of a trading session. Executing these orders is simple because the LexaTrade trading platform features a console that features drop-down menus that are easy to use. Moreover, traders will also enjoy using the trading platform’s simple layout that allows users to create and execute trades efficiently. Traders can learn how to use this trading platform by downloading a trial version of the trading platform from LexaTrade’s website. Last year, one of my business colleagues recommended LexaTrade to me, but I will admit that I was skeptical of this online Forex broker at first. LexaTrade has exceeded my expectations by offering top notch customer support, great trading advice and a wide range of investing services.
The website doesn’t cover any potential fees, so traders shouldn’t be surprised to see some types of charges. This is especially true for bank wire withdrawals, as fees would likely be charged from the bank’s side. Then again, fee-free withdrawals are possible for some of the payment methods.
The Golden Account shares a $5,000 requirement with the ECN account. Those that are looking to open a Platinum account will need to deposit $50,000. Regardless of which account you’re looking at; it costs more than average to start trading with this broker. There is also a standard $100 deposit requirement for replenishment deposits. Compare this to the deposit requirements of $5 – $100 offered my many other brokers, and it’s easy to see that LexaTrade falls short of the competition in this category. LexaTrade UK Ltd. which appears to be the company which operates LexaTrade appears to be totally unregulated it’s company house registration lists as a company providing, Other Business Support Service Activities. LexaTrade’s UK Ltd. only listed director has been a director of 42 different companies with many of these companies appearing to be of a financial nature.
Instruments Traded
It offers spreads from 0.3 pip, a welcome bonus of 15%, a personal account manager, a live support chat, and technical analysis. The features at LexaTrader are attractive and cover all bases of trading. The LexaTrader team has designed specific account types that match up well with all skill levels, and some accounts qualify for direct ECN/STP processing where “slippage” is not an issue. Tight trading spreads are the norm, and no commissions or other lexatrade scammers fees are assessed. It offers traders the best of two worlds with the use of its own proprietary web and mobile trading platforms as well as the use of the award winning MT4 trading platform. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
For more information about these benefits, please contact one of LexaTrade’s online representatives to learn how LexaTrade can help you trade commodities, foreign currencies and CFDs with confidence. I like the broker’s affiliate program and the trading platform is also very convenient. LexaTrade accepts deposits through bank transfers, credit cards and PSP CashU. Demo Stock account is also available free of charge. and I have tried out over 10 online brokers over the last several years. Once I found LexaTrade, I stopped my search because the company offers a user-friendly interface, reasonable trading fees and a wide variety of helpful and informative training materials. Traders have numerous account options when they choose LexaTrade.
Spreads And Leverage
Social Trade with LexaTrade Review In this LexaTrade review we look at trading performance of LexaTrade social network you can pick and choose the best performing traders to copy. However, if you do wish to get in touch with them in person then you are going to have access to a direct phone number, an instant chat service or if you prefer you can lexatrade broker reviews always drop them an email. Tradersunion.com assumes no responsibility for the consequences of the Client’s trade decisions or for the possible loss of his capital caused by the use of this site or the information on it. The Forex Trading, as well as CFD or cryptocurrencies trading, are not for everyone and Forex trading is a very risky business.