Full LexaTrade Review

Past market reports are also available on the same page, including those from the last few months. The research day trading displayed in Trading Central utilizes chartist analysis to determine targets and price direction.

LexaTrade forex broker

The minimum required deposit for this one is $5,000, and for that money, the spread on the USD/EUR starts from as little as 0.6 pips. While the Standard account is commission free, there are commissions best forex brokers charged on the Edge account, but still, its trading conditions remain vastly superior. The execution, the maximum leverage and the margin call are the same as with the Standard account.

The use of Expert Advisors allows for automated trading strategies. MT4 also has enhanced trading speed and is known for its robustness and stability.

Type Of Broker

For the best results and least hassle, LexaTrade suggests only contacting the FOS following a final response from LexaTrade. This allows partners to earn rebates for clients they refer. There is no concern about complexities during the integration process into LexaTrade.

  • The best feature associated with LexaTrade MetaTrader4 platform is its multilingual platform interface.
  • The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate.
  • One of the most notable LexaTrade features is the fact that they offer competitive spreads, decent liquidity, limited restrictions on trading, and a wide variety of markets.
  • With the LexaTrade MT4 Mobile trader or the MT4 Web Trader, there is a platform for every kind of trader.
  • It is best to confirm that LexaTrade is available in your country if it is not explicitly stated.
  • However, if clients don’t want to go through the installation process, they can always access the MT4 platform through the WebTrader.

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The courses include subject matter on MetaTrader 4, economics, cryptocurrencies, social trading, trading strategies, and capital management. These sessions allow the client to put questions on strategy and trading directly to a market expert who has years of trading experience. Users will also have the opportunity to create a unique trading plan to suit their goals and requirements, with advanced risk and money management protocols in place. There are no deals, promotions, or bonuses offered by the company, because bonuses are prohibited by the FCA.

For the convenience of clients, LexaTrade offers multiple methods of contacting forex the team. There are main phone lines available on weekdays between 9 a.m.

LexaTrade Deposits

LexaTrade provide traders with a choice of two primary accounts, including the Edge account and the Standard account. The Standard account will require a minimum deposit of $100 and will offer a minimum spread of 1.2 pips on currency pairs, such as EUR/USD. The Edge account will require a minimum deposit of $5,000 and will offer a minimum spread of 0.4 pips on currency pairs, such as EUR/USD, along with a commission fee of $6 for every lot. This is essentially the same as a total spread of one pip on every one lot traded. The LexaTrade brand impresses with a significant range of features to enrich the overall functionality of the site.

It was named the Top Forex Broker 2017 by Third Session of Chinese Foreign Exchange Brokers Annual Conference HT Financial. LexaTrade was also the Best Branded Broker 2017 from Shenzhen Huiyu Financial. It was also lexatrade scam the Best Forex Broker 2017 at Tapei International FinanceWord Forum FinanceWord. This means that every LexaTrade client referral case leads to gains. Commission payments are instant without hidden charges or fees.

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The main drawback of using LexaTrade UK is that there are no bonuses offered. Traders learn where to take profit orders, where to place stop-loss orders, and how to manage leverage to their best advantage. The MT4 iPhone app includes the most useful features, such as customizable indicators and EAs, and the same applies for the Android application. Both mobile versions have the full functionality that users can enjoy with the other versions. Multi-language support is available 24/5 and real-time information is included that helps the user with the decision-making process.

A high volume of transactions will stimulate liquidity providers to provide advanced leverages to execute the orders of clients in a fast and reliable manner. STP offers the best trading environment for all traders with effective liquidity between receivers and price providers. LexaTrade UK is a broker that has its headquarters in London, UK. The company offers trading on a range of assets, including Forex, commodities, and CFDs. Several types of accounts are available, including those for professional clients. Competitive spreads are offered, and no commissions are payable. To this end, LexaTrade offers various trading products to choose from, including forex, precious metals, crude oil and indices.

LexaTrade forex broker

According to the requirements of MiFID, the operator keeps the monies of its users in segregated accounts, with top European financial institutions. The group AT Global Markets is also a member of the Financial Services Compensation Scheme , which covers eligible investments of up to £85,00 per person, per firm. From a regulatory perspective, LexaTrade’s main “partner” is obviously CySEC. Besides, the broker’s Web TV provides financial markets commentary, market overview and trade ideas. You can also register for the seminars, webinars which the broker conducts from time to time. LexaTrade UK received an ADVFN award for Best Customer Service in 2019.

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This includes market news and analysis for popular products such as oil, precious metals, indices, gold, crypto, and FX majors. Updates focus on specific products and include predictions, influences, and more. There are also filters, including for country, time, importance, and category. Category includes options such as central banks, balance, economic activity, inflation, bonds, and more.

Once you have deposited funds into your account or have opened a demo account, you will be suggested to download MT4. Doing that takes just a couple of minutes, alternatively, you can also access MT4 WebTrader, a browser-based platform that does not need to be downloaded.

Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. If you are based in the UK, the spread betting option might be attractive to you as this method of trading is capital gains tax-free. LexaTrade also has its own self-developed accounting system which is automatic.

LexaTrade forex broker

It can lead to a great deal of time savings in research or supplement a client’s other research strategies. To help traders make educated decisions, LexaTrade has a daily market report. This includes the latest overviews for sentiments and technical elements. The report has sentiment figures related lexatrade official site to both small and large players. It also includes the main strategies and technical for traders, whether they are contrarian or conformist. To give traders confidence in the Trading Central information, it is part of three different associations for Independent Research Providers.

Benefits Of Using LexaTrade Uk

If you do not come from any of these countries, we recommend contacting customer support to find out whether LexaTrade provides services in your country before signing up on it. There is not much information provided on the supported countries. However, the broker is regulated in the European Union and MiFID, meaning LexaTrade can provide its service in most of the countries in the globe.