Lexatrade Broker Review

11 Agosto 2021  beprime  Forex Reviews

Note that clients need to deposit a minimum of $1000 to enjoy the maximum leverage ratios. Investments and trading carry high risk, and a market maker can lose more money that may exceed deposits. Note that there are different banks using the Swiss tag that may not be regulated or licensed in Switzerland. Therefore, clients should be aware of such websites as they may be unsafe and unregulated.

Lexatrade forex broker

In my case their response to my email with very specific basic questions about their product was can I contact you on Monday on the phone to discuss your specific needs? I didn’t respond to that email, but nobody called on Monday, so my query is unresolved, probably forever, because I will not bother to contact them again. Before I had even finished opening my account I had a very rude phone call from a man trying to get me to finish opening my account or something. Steven HatzakisSteven Hatzakis is the Global Director of Research for ForexBrokers.com.

Advanced Trader

You can, however, change the pricing structure to a fixed-rate plan, where you can pre-purchase a set amount of trades for a flat price. In this review, we calculated using the volume-based fee structure. In the sections below, you will find the most relevant fees of Lexatrade for each asset class. For example, in the case of stock investing the most important fees are commissions. We ranked Lexatrade’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. All contents on this site is for informational purposes only and does not constitute financial advice.

Lexatrade forex broker

Lexatrade is listed on the stock exchange, which is a big plus for safety as Lexatrade releases financial statements regularly and transparently. Response times were short on the phone (1-2 minutes), email , and live chat . The relevancy of the answers was good most of the time, but on emailwe did not always get satisfactory information. For professional traders, Lexatrade provides an API, called FIX API. This API allows you to be directly connected with Lexatrade’s liquidity providers, which can make your trades cheaper and faster.

What About The Minimum Deposit?

The news flow is in a mix of languages both on the website and in eTrader. Generally, there are separate news feeds on the eTrading platform and on Lexatrade’s sites – like the Daily Technical Report for FX traders. On the eTrading platform, news is displayed in multiple languages at the same lexatrade broker reviews time, so be sure to set your favored one in the top right corner. It can be confusing to see German, English, French and Italian news items at the same time if you don’t speak all of these languages (thumbs up if you do!). Your filter sadly won’t be saved, so you need to repeat it every time.

  • Lexatrade does not charge any internal fees for deposits or withdrawals.
  • Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions.
  • Before opening a real account in Lexatrade I tried their $ demo account first.
  • Lexatrade Bank Ltd. is a part of the Lexatrade Group Holding Ltd., which is one of Switzerland’s leading providers of online financial and trading services.

While the account application process can be processed within a few minutes, account verification may take up to 24 hours to be completed. Also, you will have to fund your account using any available payment methods before starting to trade. However, CFTC regulation is absent; therefore, Lexatrade cannot provide its services to citizens or residents of the United States. Note that Lexatrade does not offer its services to residents of certain jurisdictions, such as North Korea, Japan, the United States, Canada, and other regions. They are not necessarily comprehensive and their accuracy cannot be assured.

Lexatrade Review Fees

MT5 has a good selection of technical indicators to detect trends and help forecast price direction. Users can choose from the 80+ built-in indicators or create their own in the MetaEditor. lexatrade broker reviews MT5 charts are fully customizable with 21 timeframes to choose from compared to 9 timeframes in MT4. The MT5 trading platform is available in desktop, web, and mobile versions.

Lexatrade forex broker

Traders using the Advanced Trader platform get exclusive access to market news, and the traders can switch with complete mobility between Web mobile or desktop versions. The data included on Top8forexbrokers.com is not always published in real-time and/or necessarily accurate and do not always reflect the views of Top8forexbrokers.com owners, employees and/or content contributors. One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone. Before trading Forex or any other financial tool one should be aware of the risks, know exactly his investment goals and limits and acquire a fine level of risk understanding and risk management.

Lexatrade Security Measures

Their fees are not that low, i’ll move to interactive brokers or saxo. According to user reviews and Trustpilot reviews, the Lexatrade customer support team is quite efficient and responsive. It is operational for 5 days from Monday to Friday, 8 AM to 8 PM . Trading hours for currency pairs are from Monday to Thursday, 12 AM to 12 PM.

He has held roles as a fund manager, introducing broker, and COO for multiple forex brokers. His experience in the industry helped him become well-versed in forex regulations, licensing, and best practices.

Lexatrade forex broker

This means that the company cannot use the client funds for its purposes. In addition to this, the platform also offers free demo accounts and a Robo-advisory service, both of which are great features to learn more about Lexatrade brokers.

Lexatrade Vs Eurotrader

TradeStation Global Summary TradeStation Global is an introducing broker of Interactive Brokers. This practically means that assets and cash are held with Interactive Brokers, but services like fees and customer support are provided by TradeStation Global. In addition to what has already been mentioned in terms of regulation, it must also be mentioned that Lexatrade is currently present in the United Kingdom as well. Besides providing the services of the Forex broker, this company is also providing services in the aspects of commodities, indices and many other types of online trade. I found the services offered by this broker very convenient and have been using them for a long time. I was quite happy with the currency spreads offered by the broker, especially when I was trading currencies whose value was growing. This meant that I didn’t have to worry about my investments.

Lexatrade produces excellent-quality research, including daily market analysis videos, and written articles on its Newsroom section. lexatrade cheating Lexatrade offers the MetaTrader platform suite, along with additional add-ons such as the MetaTrader Master Edition.

Lexatrade forex broker

The multi-asset offering of negative bank account balance protection for trading CFDs and forex spot is only offered to retail investor accounts opened in the European Union. Lexatrades allows clients to invest in funds, which means investing in a basket of assets together with other investors. Investment funds are a great option for traders who seek long-term passive capital growth.

To initiate a withdrawal request on your Lexatrade trading account, you should log in to your secure client area and select the withdraw tab from the menu. All withdrawal requests are processed via the payment method that was used to make a deposit. For instance, Debit/Credit Card withdrawal can only be used for accounts that made deposits using a Debit/Credit Card. In addition, Lexatrade’s proprietary hybrid agency/principal execution model offers the best of both worlds to their clients, who benefit from the most competitive market conditions. The broker has the technological infrastructure, with trade servers in premium locations, to ensure that you experience the lowest latency and fastest execution.

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