Lexatrade Reviews

Well, given that they are market makers it means that the trades are executed internally and risk is managed on their books. This means that they have control over their clients risk and can ensure that their accounts don’t enter negative balance lexatrade broker reviews territory. Also, when you have the VIP account you have the lowest spreads on offer at Lexatrade. You will also have access to real time market updates sent through SMS. Apart from the above, the accounts don’t seem to differ that much at all.

Lexatrade has won numerous awards for its innovative trading tools and excellent risk management strategies. Due to regulatory oversight, the forex broker is regularly audited and is considered safe for trading. It has implemented the strict policy of keeping traders’ deposits safe during economic instability. Overall, Lexatrade review shows a brokerage company with a long operational history and absolutely fair and transparent trading conditions.

In order to attain certain authorization and licenses, the broker must meet criteria that prove its authenticity as a broker. One of the most innovative tools easyMarket offers, giving you the ability to undo a losing trade within 1, 3 or 6 hours. Traders’ deposits and outstanding expenses against any economic crisis by maintaining significant liquid capital. Under the menu, there is another “Deposit Funds” option along with a demo/live account toggle and live chat functionality. The upper menu of the screen contains the available balance, the amount at risk, profit/loss statistics, and the CFD margin level.

About Easy Markets And Security Of Funds

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. Based on the lexatrade courses scam trader’s investment capabilities and needs, Lexatrade offer three account types – Standard, Premium, and VIP. Though each account has a different deposit requirement, they share common features.

On the product I trade their spreads are around 4 points wider than the provider I have changed to. As you have already been informed you are allowed to trade with Lexatrade but without the use of Expert Advisor. Moreover, the company has returned you all your funds plus the profits that you have gained with as an act of goodwill. I did trade on 3rd April and close my transaction on 6 april mean while you send me my statement on my e mail. If i did something wrong why you didn’t close my positions at that time. Even for the statement of 6 April you send me my statement with my transaction close with profit. And that is also presented by the availability on trading vanilla options, which allow you to hedge against volatility and perform long term trading.

What Can I Trade

Payment methods and processing times are the same as with deposits. Most importantly, all this will happen if you have placed a withdrawal request. Nevertheless, do not forget to check transaction fees with your payment provider for a smooth transaction. Lexatrade has a straightforward and relatively easy process for setting up an account. As the whole process is online, you need to access its website and provide your credentials such as full name, email address, country of residence, and a phone number. If you own a Google or Facebook account, you can connect it to sign-up with the trading platform.

• Opinions expressed here are solely the author’s and have not been reviewed, approved or otherwise endorsed by reviewers.
• These programs include instructional videos, trading guides, e-books, and explanations of key trading terms and concepts.
• Lexatrade also deploys comprehensive encryption throughout its site to protect the data of users.
• The below-mentioned table will give you a glimpse of the requirements of each account and what they have to offer for traders of all classes.
• Some of these commodities also have options which you can trade instead, which can be quite profitable.

Those few negative remarks about nonessential elements did not spoil our overall impression of the Forex broker. Sometimes the platform lags a bit and when you place your trade the rates change at the backend. In this way, the trade you place is placed at the backend rate and not at the rate you see on the front end of your platform.

What Does Lexatrade Have To Offer?

An amazing feature provided by Lexatrade is that the spreads are fixed. So, whenever you are placing your trade, you will know the fixed trading spreads. Additionally, Lexatrade provides tight spreads for better earning.

Besides, there are plenty of options to save you from losing more than your investment of your money. You can trade with the assets of your choice and the platform you like. That said, the need to consistently monitor the market causes traders to miss on profitable opportunities. Well, it is a thing of the past now as the evolution of online Forex Brokers has changed forex trading forever. This article will take you through one such broker known as Lexatrade.

Lexatrade has become one of the most respected forex brokers, because it offers a well-established security structure, bolstered by licenses from both ASIC in Australia and CySEC in Europe. This strong reputation is why our review team feels confident that Lexatrade could be the broker for you.

Fixed Spreads Make The Whole Thing More Beneficial For You

Another promotion is the Refer a Friend promotion that rewards people when they introduce a new trader. There is a treat for everyone who wishes to join the broker and start trading. Not only does it have time on its side but it is also well regulated by two well known agencies and have strong risk management processes in place . There are also a plethora of assets that you can trade on their platform with low spreads. The live support options through Live Chat, Whatsapp, Viber etc are available 24 hours a day 5 days a week. This should not really be a problem for most traders apart from those who are trading crypto on the weekends.

The broker is licensed by CySEC and ASIC, allowing them to sign up traders from all of Europe and Australia as well as Asian countries. According to these regulators’ conditions, Lexatrade keeps clients’ deposits in Tier 1 banks in Europe to ensure their clients’ funds security. They are also known for their transparency, which is why every Lexatrade review will never fail to mention this fact. Lexatrade was founded as a forex trading platform back in 2001, and since than has become one of the most established and experienced trading platforms on the market.

Negative Balance Protection

It only provides the basics that traders will require, while still offering unique features such as “Inside Viewer”. Easy Markets holds all the funds in a separate bank account “Bankwest”. The account is owned by Commonwealth Bank of Australia allowing for fast transfers and offering stability to the account. The minimum deposit usually varies from one account to the other, but the lowest is set at $200 for Standard Account (VIP Account is set at $50,000). Not only can you trade standard FX instruments but you can also trade Forwards and options. These are traded on some pretty advanced trading platforms with unique trading tools and conditions.

This means that you will be trading with leverage and can magnify your gains / losses. The first thing to note about the VIP status is that it can attained with a relatively low initial deposit. Compared to many other brokers which require $20,000 plus, Lexatrade has a pretty strong selling point at $2,500. Forwards are some of the most popular financial instruments lexatrade courses scam used by large institutions in order to hedge out the risk of future currency deals. They are also used by speculators to bet on the price of a currency in the future. This is indeed quite a comprehensive selection which covers most of the assets that you would like to trade. The only thing that appears to be quite limited is the crypto coverage.

Lexatrade makes sure that there is no slippage, and all your trades are at the same rate. Frankly speaking, Lexatrade opinions are correct to praise this broker for offering plenty of tradable instruments, which is good for each of their clients. Furthermore, Lexatrade offers customer support in English, German, Arabic, Greek, Russian, Chinese, Spanish, French, Polish, and Hebrew. To do this, all you need to do is upload your personal ID and a document that proves your country of residence. Once you have done this, Lexatrade will verify your account in-line with its anti-money laundering compliance. This process usually takes less than 24 hours, after which time you can begin trading freely.