This means that their services are 100 percent transparent and they provide the needed security to protect both user funds and data. With traders enrolled in more than 160 countries, LexaTrade supply a vast variety of tradable stocks, easy trading platforms and ample promotional supplies. To get a safe, stable and dependable trading encounter, LexaTrade .com is still a high option for traders. When brokers disappear, they usually provide warning signs ahead of time. They will make extravagant claims and promise huge returns to attract traders. It is important to know what is considered reasonable in the industry to recognize inflated promises. In addition, LexaTrade login problems may be because they have closed and are not regulated or if they have a license, it could be from a low-tier regulatory agency.
However, days and even weeks go by and the LexaTrade login still does not allow access to your account. At this point, you can feel confident that LexaTrade is a scam, but unfortunately, by this time, they may have absconded scammed by lexatrade with your funds. We have investigated LexaTrade login complaints and have checked out this broker’s service. Our experts have done a brief intelligence report on LexaTrade login and have found the following results.
This regulation and transparency allow them to offer the best in fund protection to EU traders and others while providing a very flexible trading environment. You will find a good range of account types available including both an unlimited demo account and an Islamic account. Various types of trading like scalping, hedging, algo-trading, and the use of VPS are also all permitted, though the broker does not provide their own VPS. Forex trading carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments, due to leverage retail accounts lose money. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All that ensures the traders’ safety especially to those who trade on volatile conditions.
Note the broker does not charge transaction fees, but your financial institution might charge you a fee for the deposits and withdrawals that you may do so check this directly with your bank. LexaTrade has become a popular online CFD brokerage platform because of the numerous features it offers to its customers and the ease of use of its trading platforms. Regardless of your preferred type of trading platform, LexaTrade supports them all. You can use the MT4, WebTrader or the mobile app version of their platform.
LexaTrade Metal Spreads
Both are guaranteed and are free no matter what account type you have. Safetradebinaryoptions.com does not respond for loss of money and possible risks connected with options trading. If you’d like to trade forex or are thinking of switching brokers, read this article for Benzinga’s picks for the best forex brokers. Beginners can take advantage of a large variety of educational material and videos, which include tutorials and basic one-on-one education. Demo accounts can help you practice trading and you can test out LexaTrade’ web trading platform with a trading simulator. Use easyTrade by selecting an asset, an expiry time that is one hour by default , how much you wish to put at risk and whether you think the market will go up or down.
Here we will identify all of the trading features as well as take an in-depth look at the assets available for you to trade. An overnight fee is common among all brokers in the industry and is charged on virtually every asset at LexaTrade since they are a CFDs provider. This is the fee incurred for holding a position overnight which is charged at the closing time of the market.
LexaTrade Forex Spreads
Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor. The MT4 platform a basic, lower quality version only and LexaTrade’s WebTrader allows for limited to no authentic trading activity. Easy Markets Pty LTD is authorized and regulated by the Australian Securities and Investments Commission and part of the Blue Capital Markets Group, but no further information is provided. LexaTrade offers more than 60 Currencies, three Cryptocurrencies including Bitcoin and Ethereum, more than 45 CFDs .
The VIP account gets a personal account manager, tighter spreads, more customized trading options, and a better trading environment, which are evidently designed to attract professional traders. However, we believe that most modern traders are looking for ECN conditions for larger account equities, in order to prevent any conflict of interest with their brokers. On the contrary, if you are looking for fixed spread trading conditions for a sufficiently large trading capital, LexaTrade is certainly a good choice. You can trade over 200 assets in a wide variety of markets at LexaTrade.
Another great feature offered by LexaTrade is the ability to freeze the rate. This can freeze the price of an asset at a certain point which can allow you to open a position at a great price. For example, in a volatile market, if the price suddenly drops, you can use this feature to freeze the price low to allow you to buy in before it recovers.
Costs And Accounts
As traders and investors, it is vital that we know whether a platform is legit or a scam. Understanding the trust level of a forex brokerage platform will make it easy for us to decide if we wish to trade with them or not. Following our experiences with LexaTrade, we can confirm that they are a legit CFD brokerage platform, offering an all-inclusive trading experience.
Formerly known forex broker LexaTrade or easy-forex never lets you withdraw your fund at all. Thanks to WEALTHWATCHS, com that assisted me in recouping lexatrade scam my money back from easy markets. They block all negative reviews especially on trustpilot and deceive people with the fake positive reviews.
The platform itself has a relatively good range of different accounts and instruments to choose from. Regardless of what type of trader you are, you should find something here to meet – and potentially exceed – your requirements. With so many benefits, it’s easy to see why LexaTrade is so popular. The minimum deposit is 100 EUR and traders can have a Personal Forex Club Account Manager who can provide them with information about market trends, economic events, investing strategies and more. Users can also elect to use bank transfers for deposits and withdrawals, although these could take up to three working days. Most deposit methods are processed instantly, and there are no commission fees for funding your account.
Other Useful Trading Tools
It provides them with a wide range of resources such as demo accounts, price charts, market news, market analysis, and more. WebTrader doesn’t require any installations and can be used by virtually anyone, even without any prior experience. Trading conditions at LexaTrade are generally poor, with high trading costs across all six accounts. Spreads are fixed at between 2.0 and 1.9 pips (EUR/USD) on its entry-level account, and the minimum deposit requirement is 200 AUD.
They can represent a specific stock market or a specific set of the largest companies of a nation. LexaTrade appears to be a solid brokerage and a dominant player in the industry.
Well, it means that irrespective if the market moves below your stop loss, it will be executed. This gives you an extra piece of mind as you know that irrespective of how volatile the markets, you will be stopped out and your loss limited. One of the best ways to manage your risk when trading with high leverage is through the use of stop losses. At LexaTrade, you have the benefit of a free Guaranteed stop losses. Of course, leverage is a double-edged sword and you want to make sure that you have implemented the correct risk management procedures to limit potential downside potential.
- However, traders need to be careful about believing everything they encounter in the business sphere.
- It’s given to all traders who deposit $100 and above as their first deposit.
- The minimum deposit at LexaTrade for European and VIP traders is €/$/£100.
- If the company were to be declared bankrupt, clients from China and the Middle East could lose their money.
- Overall, LexaTrade offers a wider range of base currencies than other brokers, including AUD accounts.
- If the LexaTrade login is unavailable, that may not be a definite sign of a scam.
This company is registered in Cyprus and provides the services for the other companies in the group, such as sales and back office staff. Easy Forex Trading Ltd is the company that contracts with all the clients from entities regulated by the Cyprus Securities and Exchange Commission and is registered in Cyprus. Easy Forex Pty is the company that contracts with all clients that are regulated by the Australian Securities Investments Commission and is registered in Australia. However, there is another company that contracts with all the remaining clients, the vast majority of clients. This company is registered in the offshore tax haven of the Marshall Islands and, as a result, is not covered by any regulator.