Just like the web version, traders can view and analyze charts on 11 timeframes and also use over 70 technical indicators. It is easy to open and close trade positions and switch between demo and live accounts. Also, 4 trading options are available; easyTrade, Pending order, Day Trade, and Vanilla options. The customer support team at Lexatrade is comprised of highly professional individuals. The customer care agents are very friendly, professional, and have an in-depth knowledge of the financial markets.
After going through their services and testing the efficiency of their features, we put together this honest and comprehensive review. The content of this review is 100% unbiased, reliable, and captures everything you need to know about this broker and if you should partner with them. Remember, that the industry offers a wide choice of reputable brokers so take the time to do your research before you step into the trading arena. I have been an affiliate for easy-forex during the last 10 months. Then I introduced 2-3 clients and they were doing their trades. After Brexit, 2 of my clients were facing this type of a situation, where there was a problem in earned profits and reported about an unauthorised trading activity.
Best Broker To Me, Very Honest Service Use: Livelength Of Use: 6
Here is a detailed summary of everything you need to know about Lexatrade. Being one of the leaders in the forex trading industry, the Lexatrade broker opened its doors for business in 2001.
We completed the withdrawal request form and submitted it to the customer support team together with our identity verification documentation. The application was reviewed and approved in less than 24 hours, and our money was sent to our bank account. Keep in mind that you have to verify your account before you can withdraw your funds. This is standard in the industry and all top-notch brokers follow this process. Also, it takes approximately 3-5 days to get credited when using the bank wire method. 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.
Deposit & Withdrawal Methods
In case you are a newbie and willing to start off, Lexatrade developed the learning center. You can easily find series of educational videos, webinars, ebooks and more. The Financial Conduct Authority website lists guides to aid with avoiding fraud/scams as well as public list of warnings recorded by the FCA. ComplaintsBoard.com is a leading complaint resolution website on the Internet. ComplaintsBoard.com is an independent complaint resolution platform that has been successfully voicing consumer concerns since 2004.
My affiliate commission is not paid, which I am sure that Lexatrade have stolen it and no response yet. Very good client support service with relationship manager. One senior member from Lexatrade Mr Bharat Ghori contacted me and looked into my issue. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Customer service is helpful, quick, and very easy to get in touch with via Messenger. They offer a good top up bonus when you add funds to your account. Very High Spreads – The spreads of this broker are far too high- there are many other brokers to choose from that are offering much better choices.
Is Easy Markets Regulated?
In this sense, this brokerage one of the best, and that’s another reason I might recommend it to a beginner. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms.
Lexatrade offers its customers more than 200 products to trade. Commodity exchanges are formally recognized and regulated markeplaces where contracts are sold to traders.
How Do I Open An Account With Lexatrade?
This can be ‘Buy Stop’, ‘Sell Stop’, ‘Buy Limit’, and/or ‘Sell Limit’. Lexatrade has a consumer rating of 1.89 stars from 9 reviews indicating that most customers are generally dissatisfied with their purchases.
With two regulators, a technically competent approach to trades and flawless support for its users, Lexatrade is of unrivaled quality in the trading business. If you are looking for a leading company in the Forex trading industry, one that prides itself on comfort, transparency and customer loyalty, Lexatrade could be a great option for you . Lexatrade is an award-winning Forex and CFD trading platform launched in 2001 as the world’s first web-based trading platform. The company has since grown to serve clients from over 160 countries, and its global presence is represented with offices in Shanghai, Warsaw, Sydney and Limassol. Lexatrade doesn’t charge fees for deposits and withdrawals but your payment processor might. Deposit methods are credit cards, wire transfers, online banking and e-wallets (Neteller, Skrill, FasaPay, etc.).
WebTrader doesn’t require any installations and can be used by virtually anyone, even without any prior experience. Lexatrade have also developed a mobile app trading platform so traders can trade anywhere and anytime they want. It is accessible, simple, intuitive, and powerful on iOS or Android devices. It gives traders access to markets everywhere whenever connected to the internet.
I personally RECOMMEND Easy-Forex To be a Very Good Broker. It is user-friendly and can suit any type of trader lexatrade reviews in any skill level. It has a lot of features for experienced traders yet friendly to use for new clients.
In trading, first, you need to choose a market you would like to trade on. Choose an asset on the platform, then select the size of the right position for your account. Once done, open the order mask and customize your position.
Trading is offered on its beginner-friendly proprietary platform as well as MT4, and Lexatrade allows scalping, hedging, and algorithmic trading. With Lexatrade, you can be sure that all the deposits and withdrawals processes will be smooth and swift. Moreover, the broker catered lexatrade forex broker for convenient payment options. That’s why the clients can deposit or withdraw funds using credit/debit cards, online banking systems, eWallets and wire transfers. Our Lexatrade review figured out that making the deposits does not entail any extra fees or commissions.
The security protocols make it possible for traders to deposit, trade, and withdraw their funds easily from Lexatrade. With Lexatrade, you can safely move your funds lexatrade rezension without any concerns of hackers or other issues. The services mentioned above are essential to the success of traders, and Lexatrade provides them satisfactorily.
- Lexatrade can be a good choice of a broker in the industry, but other brokers can offer smaller deposit options with far better costs of trading.
- Easy Markets was identified to be operating under questionable and unethical methods due to their regulatory status and suspicious terms of service.
- They also have a well-detailed terms and conditions page, where every aspect of their business is discussed.
- EURUSD spread is 1.4 pips on the MT4 and 1.5 pips on the web/app platforms.
- The fee is depending on the asset/market and position size.
It complies with the directives of the regulators and ensures digital security and the safety of clients’ funds. There are 4 books on forex and CFD trading, 2 books on MT4 guides, 2 on options trading, and a book on Lexatrade mobile app. On the MT4 platform, Lexatrade provide expert analysis and trading signals. It is provided in partnership with Trading Central; a leading research and financial markets analysis and fintech firm that provides expert analysis on a wide range of markets. If you want to start trading with Lexatrade, you need to sign up for a new account by clicking on the ‘sign up’ button found on the website. A short form displays; enter your email, password, phone number and click ‘sign up’. Alternatively, if you have a Google or Facebook account, you can import your profile info into Lexatrade by clicking the appropriate button and signing into your account.
If the account remains dormant, a fee of 25 USD will be charged every six months. Thereafter, accounts with a zero-free balance will be closed. Lexatrade has average non-trading fees compared to other market makers. Lexatrade charges no withdrawal, account, or deposit fees. Probably being a partner with reputable organizations such as Trading View, MetaTrader, and most important Real Madrid Football Club are the most indicators of trust a trader is looking for. In addition to that, the innovative features provided such as deal cancellations, freeze rate, and negative balance protection are the options that attract any trader.
This is great for a forex trader who wants to test the waters before risking their own money. With this account you are provided with a small amount of fake money so that you can practice all the features which are available on the platform such as; trading, open limits, stop loss and leverage. All of these features are fully functional and provide for a more secure trading experience. As a market maker, they are able to offer guaranteed stop losses and negative balance protection.