The broker rounds off the offering with CFDs on stock indices, commodities, precious metals, and bonds. Listing on this site does not imply that ForexScam.net is affiliated or associated with any particular brand or trading platform. ForexScam.net is an independent auditor of online Forex and Binary Options trading platforms. Any trademarks listed are “fair use” but will be removed upon request. LexaTrade is a trading name of Tmill UK Limited, which is licensed and regulated by the Financial Conduct Authority . The FCA license allows it to conduct financial services, including forex.
This LexaTrade review was written by industry experts with over 20 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, . The profitable contest with a solid prize pool takes place every month, 1 000$ may be won by Electronic trading platform two best traders, by selecting a winner not only profit, but also risk management system is considered. All real accounts take part on the contest automatically. The contest participation results are published and publicly available on the «Fame wall».
Is LexaTrade Regulated?
You can sign up for a demo account to acquaint yourself with LexaTrade platform. The safe terminal, gainful bonuses, quality analytics, training option – all this also describes the broker in a positive way. The company has negative references, too, not that much though, besides there is a broker’s agent working on forums. It is to be hoped that the company plans to attend to customers references and enhance its service keeping the pace of its successful start. It is fair to say that LexaTrade didn’t yet profile itself at full breath, it is early to appraise it as a reliable or a fraudulent company. Yet the feedback from traders, which we expect to this review, may not only change broker ratings significantly, but caution users against possible problems, too. There is no need to worry about LexaTrade scam because the broker ensures that client funds remain safe and keeps them separate from corporate funds to make management easier.
The time taken for a bank transfer may differ from a transfer through other methods. Although the deposits can be made in many currencies, it is advised that the user should be well aware of LexaTrade’s minimum deposit and withdrawal amounts. This broker offers commission-free stock, indices, and bond, CFDs etc.
I will be switching instantly to LexaTrade when I get these options and I am sure many other traders from India will do the same. LexaTrade is one of the most trusted trading platforms and forex brokers in the market. It offers trading services such as Forex, Indices, Commodities, Bonds, CFDs on the MetaTrader4 trading platform in more than 80 markets.
On the other side, international traders have to choose the FSA license. This is a rating of how quickly the forex site processes withdrawal requests, plus how quick and helpful their support services are. I just lost all my money for just one day and this happened while I was hedged. They can blame French election and the volatility connected but I also noticed too big spread widening. Better deal with some honest market maker than these scammers. They always closed my positions before they will hit my take profit order.
It also boasts free indicators, numerous analysis tools as well as automated trading. First thing I lexatrade broker reviews can say about LexaTrade forex broker is that it is one of the fastest growing brokers in the world.
Compare With A Trusted Broker
I also have a commission based website and obviously I registered at Interactive Brokers through you. LexaTrade is considered safe because it is regulated by the top-tier FCA. For bank wires $5000 and above, LexaTrade promises to reimburse any transaction fees up to $100. LexaTrade processed nearly all client withdrawal requests within 24 hours. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. New clients of LexaTrade can get a $30 live bonus, unless their country is excluded from this promotion. If you have any additional concerns, you can reach out to our support team.
LexaTrade offers $30 Welcome Account bonus which is a no deposit bonus. It is available to new client with account under LexaTrade Ltd. Similarly to deposit,LexaTrade lexatrade courses scam charges no fee for withdrawal.You can use the same options for withdrawal as for deposit. AAFX Trading gives me all key features of a decent brokerage.
The solid certification of LexaTrade is also a significant point of confidence for a user. And yet, is LexaTrade a scam or a dignified startup broker, which is certainly worth to be looked at? One of the startup Forex brokers, successfully providing a trader with low spreads, STP and DMA technologies etc. The broker is regulated by the FCA in UK, CySEC in Cyprus and the FSA in Seychelles.
Is LexaTrade A Con?
However, our reviews are based on our actual tests which are transparency and unbiased. LexaTrade has a wide range of services that can provide trading ideas, such as Autochartist, a chart pattern recognition tool. On the flip side, the news feed is basic and the charting tools have outdated design. LexaTrade doesn’t have its own self-developed trading platform, it usesMetaTrader 4,a third-party platform.
- There is no commission, but spreads start from 1.6 pips on EURUSD.
- This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.
- However, you didn’t have sufficient funds to cover the increased spread, so your equity went below 0 and that is why your trade was closed.
- LexaTrade have a D grade support rating because because sometimes the response was slow or our query wasnt answered.
- You only pay a commission of $ 2 per lot and $ 4 per round turn.
- Safety is ensured as a result of FCA law, FSA regulation, segregated trading balances, multiple industry awards, along with SSL encryption technology.
Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk. LexaTrade CFDs are typically used for short to medium term trades. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset.
LexaTrade allows every strategy and also automated programs. As mentioned above you can rent a VPS server very cheaply.
To further improve its service, well-known and professional traders are invited to hold webinars or other information sessions. Well-known names are Giovanni Cicivelli or Mike Seidel. LexaTrade tries to give its customers the best performance combined with good service. LexaTrade presented itself in different countries, for example at the World of Trading in Frankfurt. The broker had his own stand there and sought direct contact with his clients.
Is LexaTrade A Good Broker?
These checks are standard practice and help LexaTrade provide a safe financial environment for their 10,000 users. Often you have to visit and read many broker websites all of which have different uses of language.
We tested the Pro account, which charges a commission but offers tight spreads. LexaTrade is an instinctive Forex brokerage which makes it simple for both UK traders to choose the 62 money pairs out there. There are many major, exotic and minor money pairs available only at that brokerage. The normal lot size is on average 100,000 currency components, also you can find not any limitation & prevent levels on Forex trading actions. This may make it straightforward to utilize this brokerage.
Other supplies comprise Traders of this Month where it is possible to trade your path to a $1000 prize, the LexaTrade NFP Machine where cash awards are shared, and also the 30 Welcome Account Bonus. It’s rare to obtain a top UK Forex brokerage offering fresh trader bonuses, Traders of the Month awards, or even ample promotional competitions. The selection of financial tools open to traders in LexaTrade comprises cryptocurrencies, bonds, gold and silver coins, CFDs, and Forex. LexaTrade presents intuitive Forex trading solutions to UK customers.
The clients of the LexaTrade mobile app can directly trade from the chart. They are also allowed to access multiple asset classes while using many types of trading indicators. To start trading, the user needs to upload a colour copy of the identification documents and the proof of address documents. After the successful completion of the above information, LexaTrade requests the client to confirm the email address. At this stage, the user can easily access the trading accounts, deposits, withdrawals, etc.