LexaTrade Is It A Scam? Review

The bonds market is one of the largest securities markets that allows investors to speculate on the stability of government treasuries. Through LexaTrade, you can trade German government bonds with competitive spreads and no commissions. LexaTrade was founded in 2015 and built by an experienced team of global market traders who understand what traders require to reach their full potential.

LexaTrade cheating

Taking part on the offer will let you test the potential of dealing with the company with no risk for your own funds. The bonus may be used just once, you also can create just one query for transfer of funds from the bonus trading. Ask your account manager about the criteria of taking part on the offer. It is worth mentioning that some of the trading products and services in this LexaTrade review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the LexaTrade broker website which you can visit by using the link below. You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews.

Excellent Customer Support

LexaTrade’s Cash Back Rebate bonus is available for all traders of the broker, LexaTrade Ltd . LexaTrade’s Cash Back Rebate promotion gives you back $0.75 per standard lot directly to your account. To monitor the real-time spread, you may visit LexaTrade Official Websiteor signup and login lexatrade forex broker to MT4 account. You are about to leave LexaTrade Europe Ltd Client Area Registration page. By clicking “Continue” you will be redirected to the registration page of LexaTrade Ltd, a company registered in the Seychelles and regulated by the Financial Services Authority of Seychelles.

At LexaTrade we think it’s crucial that you’re able to manage your funds effectively. So, we provide a range of secure, instant and easy to use deposit and withdrawal options. Moreover, the company’s strive to achieve targets quickly and effectively while posing LexaTrade best forex brokers as a high-tech and trustable Forex broker, either to start or to gain new apex with. There are different price modes according to the account type you choose. Besides, fee conditions always vary according to the regulatory rules authority impose and broker obliges to.

Nothing in this site should be read or construed as constituting advice on the part of LexaTrade or any of its affiliates, directors, officers or employees. Open a trading account and deposit through one of our secure payment methods. Shall we say that LexaTrade is a scam lottery and a bucket shop? Despite of the fact that the broker is the one of the startup brokers in Forex market, it managed to give a solid performance already, proving its stability and commitment to stated aims.

LexaTrade cheating

LexaTrade UK Ltd is authorised by the Financial Conduct Authority . LexaTrade Europe Ltd is regulated by the Cyprus Securities lexatrade broker reviews and Exchange Commission . These are reputable regulatory agencies and help contribute to the broker’s high trust rating.

LexaTrade possess some solid licenses, which make trading with the company safe and secured. The broker is a member of the company Tmill UK Limited, which is subject to regulation of the Financial Supervision Agency of UK (FCA, № ). The company possesses also the FSA license of Seychelles (LexaTrade Ltd Seychelles, № SD008), is registered in Estonian Ministry of Economic Affairs (№ VVT000289).

Last Week I Wrote Something Bad About LexaTrade But It Was My Bank Service Use: Livelength Of Use: 0

LexaTrade Europe Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission as a CIF limited company. The broker has an FAQ section on their website, which answers some common trading questions.

LexaTrade cheating

To register an individual client account, you need to fill in the online application form that they estimate takes 3 minutes to complete. Once submitted, you will need to verify your email address and submit your Proof of Address and Proof of Identity documents for KYC purposes. After the accounts team have verified your documents, you will be able to fund your account and start trading. If opening a corporate account, you will need to provide additional documents such as a certificate of incorporation and articles of association.

The Ultimate Platforms

Founded in 2014, LexaTrade is regulated in one tier-1 jurisdiction and two tier-2 jurisdictions, making it a safe broker (average-risk) for trading forex and CFDs. All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions.

  • We recommend LexaTrade for those who are interested in CFD and forex trading and like MetaTrader trading platforms.
  • All deposits from 5,000$ also including zero fee policy and all fees up to 100$ will be covered.
  • WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
  • There’s just no way of being a scam and having this level of regulatory oversight monitoring your activities.
  • LexaTrade hasa zero fee policy, where no charges or fees applicable to monetary transactions.
  • LexaTrade provides negative balance protectionfor retail customers.

The broker also offers a demo trading account and Islamic swap-free account. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

LexaTrade Review Summary

Initially, when i deposited my fund with LexaTrade the exchange rate was excellent, and the payment system used was paymero. After about 3 weeks or so, they removed that local payment option with other one called ” India Instant payments’. So whatever amount you deposit the exchange rate was 9% expensive, the same case for withdraw. There are 3 main Account types in LexaTrade’s proposal, where you can choose either account based on spread only Classic Account or with commission per trade Pro Account. The third account is designed for high-volume traders and is named VIP Account where conditions are tailored and defined as per agreement. Being a UK and European based regulated broker LexaTrade follows strict guidelines set by the European authority ESMA.

LexaTrade cheating

Get daily reports of the technical outlook of various markets prior to the opening of the London, New York & Tokyo trading sessions. View the volatility of different instruments to help asses risk and optimise potential stop loss and take profit levels. You can open a new browser window and have the platform running in just one click from anywhere in the world with an internet connection. All information transmitted via the online platform is securely encrypted. LexaTrade is the trading name of 3 related companies within the LexaTrade group, all of whom are regulated. Trader of the Month – Live account holders are automatically added to this promotion where the top-performing trader receives a $1,000 prize.

LexaTrade.com offers over 60 currency pairs, gold, sliver, bonds and cfds for your personal investment and trading options. LexaTrade is a startup Forex broker, yet has enough various references in Internet. This website does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. LexaTrade offer a good variety of deposit and withdrawal methods including bank transfer, credit card and online payment processors.

LexaTrade has a handful of authors, called experts, who publish daily blog-like posts that explain and comment on market events. These short posts often showcase a chart and present trading opportunities. You can contact the experts if you have any comments or questions. LexaTrade hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. The main difference between Islamic aand other accounts is that instead of daily swap rates, an administration fee is charged if you hold some exotic currencies for more than 3 nights. For a VIP account, you need to maintain a minimum $50,000 balance.

Spreads & Fees

Clients will be notified via email 3 days before archiving takes place in order to save any account history they wish to keep for their records. Trade Futures with some of the lowest commissions on the market. Speculate on the price movements of Gold and Silver against the US dollar and diversify your trading portfolio. Please feel free to contact if you would like further clarity on this matter. We will do our utmost to provide you with the relevant information relating to your account. As a result, trades related to European indices, GBP and EUR crosses faced huge price moves, cases in which slippage is highly likely. During such events there is no guarantee that pending orders will be filled at the exactly specified prices and slippage may occur.

LexaTrade cheating

Labuan FSA is the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre . Labuan FSA also develops policies for the orderly conduct of business and financial services in Labuan IBFC. Skrill, Neteller, FasaPay, UnionPay and credit card deposits are usually processed instantly while withdrawals are processed within one working day. Precious metals are often considered as safe havens and a way to diversify a trading portfolio. LexaTrade offer CFDs on gold and silver against the US dollar with competitive spreads. The trading calculators can be used to convert currencies, calculate margin and pips. You can use this tool to link your account to follow the strategies of other traders in Myfxbook Autotrade.

LexaTrade cheating

Yes LexaTrade doesn’t have its own self-developed trading platform, it usesMetaTrader 4,a third-party platform. Similarly to deposit, LexaTrade charges no fee for withdrawal.You can use the same options for withdrawal as for deposit. LexaTrade has low non-trading fees.There is no fee for deposit, withdrawal, or inactivity. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees. We ranked LexaTrade’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

They give traders access to a wide variety of instruments in several markets like currencies and indices. First and main problem is fake and imaginary WTI CFD price they offer in the moment.

Credit/debit card withdrawals can take up to 8 working days to be seen on the client’s account. Unfortunately, at this time LexaTrade do not offer any additional educational material. The closest thing would be the FAQs and news sections of the website. The one-click trading tool can increase the functionality of MT4 by enabling you to perform trade operations with a single mouse click from a quick trading panel on the chart.

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