To trade effectively with LexaTrade, it’s important to get a have a good understanding of the LexaTrade trading tools and the markets. Below we give an overview on the account types that LexaTrade offer. Whatever you are looking to trade the varying LexaTrade account types will be able to provide you with what you need. A brokerage may make most of their revenue from charging registered traders a commission fee on client lexatrade forex broker transactions. Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees. Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

While the Classic and VIP account fees are all included in the spread, if you are a trader of bigger size and the one prefer commission basis Raw Account is your choice then. The Raw account offers an interbank spread and commission paid per transaction opening which is 5$.TheInvestPLUS offers1000+ CFDs at DMA with the commission of only 0.1%. We were delighted to find out that LexaTrade has invested to provide customer support via several non-traditional channels. Besides emailing their customer support at or requesting a call back from your broker, you can also use a live chat function on the website during market hours. In addition, LexaTrade support can be reached by popular chatting apps like WhatsApp and Telegram.

LexaTrade forex broker

The LexaTrade mobile trading app is covered in more detail in the video review. All deposits are processed immediately except bank wire which can take between 1- 4 days and withdrawals are processed within 24 hours.

My Client Deposited But It Is Not Reflecting On My Portal

Even though you can Live Chat, Phone or Email them within working hours 24/5 we still remain happy with its quality level. MT5 being a newer version also gained great popularity and features even more developed tools and comprehensive analysis options, loved either by beginners or professionals. Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced one either with manual trading or automated trading through EAs. In addition, the company runs an active blog and community of traders, which allows sharing the experience to get better knowledge about the markets and trading itself.

LexaTrade offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more. Andorid mobile devices and tablets are used by millions of people globally.

LexaTrade forex broker

If you already have an experience of cooperation with LexaTrade, please share your impression about services` quality. To give you the best possible experience, this site uses cookies. You can review our privacy policy to find out more about the cookies we use. CySEC and FSC regulation provides an adequate layer of security, and this broker has been compliant with all stipulations.

How Long Does It Take To Withdraw Money From LexaTrade?

If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. LexaTrade has been facilitating trade on the financial markets for over 27 years.

LexaTrade forex broker

Traders receive real-time, actionable setups including Entry price, Stop Loss and Take Profit levels straight on their mobile phone devices. LexaTrade’ team of renowned market analysts and professional traders work round the clock to provide up to the minute market news coverage and actionable financial commentary in multiple languages.

News And Technical Analysis

You should be aware that investing may result in financial loss. This broker appeared on the online market in 2010 and offers a great service package to its customers. The broker is particularly known for binary options and CFDs. The broker is registered with power house CySEC which is a very popular license among many brokers. The CySEC license provides access to all EU markets and is even acknowledged wider. Cyprus has been very desirable as a Forex destination since 2004 when Cyprus joined the EU. CySEC tightened the leash and implemented stricter policies, but the island country remained a tax haven which has been attracting Forex magnates ever since.

IG – 75% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you can afford to take the high risk of losing your money. The biggest advantage of trading with a regulated forex/CFD broker is that a financial authority will step in if there are any problems. A broker that is regulated by a financial authority also offers segregated funds, meaning that your funds are not being used for any purposes other than trading.

  • In addition to the above regulatory agencies, the European Union obligates each member to be responsible for the regulation of its financial markets and conform with the E.U.’s Markets in Financial Instruments Directive or MiFID.
  • Also, LexaTrade does not charge any fees on credit card/electronic wallet deposits as well, yet may vary from entity rules to another.
  • This broker appeared on the online market in 2010 and offers a great service package to its customers.
  • Once you’ve opened your LexaTrade account you will be able to see all the different trading hours for assets in the Market Overview section of the platform.
  • Download the Metaquotes MetaTrader 4 Program for free of charge from Apple’s App Store.
  • However, as we always recommend check on the regulation carefully and never sign in with an only offshore registered broker .

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the risk of losing your money. LexaTrade is a Binary Options broker that also provides Forex and CFD trading as part of its product portfolio. Tons of Forex brokers provide different financial products such as binary options trading and spread betting along with their traditional FX products, but in the case of LexaTrade, it is the other way around. LexaTrade is one of Europe’s leading financial institutions specializing in Forex/CFD online trading services.

How Much Is The LexaTrade Leverage?

Here is a complete list of the LexaTrade leverage amounts for the forex & CFD assets. The leverage offered all depends on your country of residence. However, if you’re new to trading or new to the broker, it’s good to know what the LexaTrade leverage is. LexaTrade is a registered trademark of LexaTrade Holding Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission . From our observations, LexaTrade provides a comprehensive and highly competitive trading offering. Clients can choose from commission-free and commission-based trading accounts accessing over 250+ markets covering Forex, Commodities, Shares and Indices.

As far as platforms are concerned, LexaTrade offers the standardized Meta Trader 4 which comes with all the fancy trading options. It seems that the MT4 optimizes trading results and gives a better chance of winning with minimum or no latency, auto-trading, and easy access. LexaTrade provides the platform lexatrade scammers in all forms and versions, e.g. for Web, Windows, Mac, and of course, the LexaTrade mobile apps for iOS and Android devices are also part of the deal. Trading on the go has become a habit of all traders, and brokers have to meet this criterion if they want to offer the really the best package.

LexaTrade forex broker

However, the latest MetaTrader 5 platform does bring a lot of new order types that are beneficial to discretionary traders. Also, the improved software architecture of the MT5 platform is more stable. As an STP/ECN broker, we were surprised to find that LexaTrade has not invested to get a cTrader licence but offers only the MetaTrader 4 platform for the Raw Spread account. However, if you have opted to open the Basic or the Black account, you can get access to the market via the latest MetaTrader 5 platform as well. Deposits are fast but withdrawals take up to 10 days after contacting support several times. Would come back to broker if they offered CAD base account currency.

One major drawback with this brand is that it’s necessary to register an account before using the Demo account and training services provided on the platform. Another disadvantage for pro traders is that large trades are not discounted as well as they are at other platforms. Having the option to trade at higher leverages on the Swiss platform is a major advantage of LexaTrade, along with the fact that it’s really easy to register an account.

Features Of LexaTrade

Some say that they faced substantial delays when trying to withdraw, some for several months. The users further complain that accounts are still susceptible to inactivity fees during this time, losing money because they are unable to withdraw. The available versions suited to various devices and including stock market PC, Mac, Applications or Web platform that requires no installations. Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced one. LexaTrade minimum deposit is 100$, which is an attractive opportunity to many traders for a Classic account.

LexaTrade forex broker

You will notice that your Demo Account has €10,000 demo funds for you to practice trading with. LexaTrade allows you to freely reset your demo balance and practice trading for an unlimited amount of time. It’s important to remember that profits or losses made on a Demo Account are virtual and that the funds are not withdrawable. LexaTrade arranges withdrawal options with good range of supported payment methods, while the minimum withdrawal amount is $100, in most cases the withdrawals processed free of charge.

LexaTrade forex broker

Therefore, LexaTrade does not have to spend any additional resources on setting up offices in other major cities of Europe, which does help the company to take advantage of Cyprus’s strategic location. Brokers specifically choose Cyprus as a Forex broker destination due to its lenient tax structure, ease of doing business, comparatively lower regulatory guidelines, and the aforementioned strategic location in Europe. Regardless, investors do enjoy a significant amount of security and safety while dealing with CySEC regulated brokers, mainly due to the strict regulatory supervision of the MiFID. Other regulatory organizations from Europe are also free to scrutinize the activities and monitor the code of conduct of brokers based in Cyprus, which further adds an incredible layer of security for investors’ capital. They accept credit cards and wire transfers but yet they do not specify which e-wallets they accept. We suggest you contact the customer support to find out which methods are accepted. Nevertheless, withdrawals below $500 come with a fee of $25.

A company who deals with people money should show more profissionalism. Hi Luc, we are sorry to hear that you are having issues with withdrawals. Please provide us with your Account ID in order to assist you further. We really appreciate your kind words and we are happy to see that you are satisfied with your LexaTrade Experience. Country like USA, Australia, Canada, India, Russia, China, New Zealand and many more …………. Do not use IBAN bank numbers and people from this countries will have a problems to withdraw via bank wire. Let other traders know if this service is worth checking or should be avoided.