Lexatrade Is It A Scam? Review

Lexatrade offers an extensive range of educational resources to registered traders. The primary educational resource lexatrade courses scam available at Lexatrade is an e-book that covers a host of topics on trade and invest in assets to be traded.

Lexatrade courses scam

That notwithstanding, the broker has invested heavily in the following areas. Customer support is available in 17 different languages, via email, telephone, and live chat. Traders should note that customer service is only available from Monday to Friday during business hours. Lexatrade offers high-quality customer support, however, it is only available from Monday to Friday during business hours.

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The broker does not offer cryptocurrency exchange as CFDs. To start trading, the user needs to upload a colour copy of the identification documents and the proof of address documents. Lexatrade has several data centers and data across the world. By trading with MetaTrader4, the user can choose the best server to trade. You need to consider whether you understand the technicalities of the trading platform or not. Lexatrade is regulated by UK regulation and offers high standards for customer safety.

Delivery times after processing vary from instant to up to 8 days depending on the withdrawal method. Kindly be advised that the demo accounts are a great tool for familiarizing yourself with the functions of the platform. If you have an account with us please contact our support team at with details so they could check and assist you.

Lexatrade courses scam

To take part in the NFP Machine Campaign of the platform, the trader has to predict the US labor report data and then stand a chance to win the prize. Step into the world of online trading with a generous welcome bonus of $30. This free amount cannot be withdrawn, but the profits accrued from the free bonus can be extracted from the account after trading in forex and CFDs. With a wagering period of 3 months, the welcome bonus profits can be withdrawn only once with the help of the regulated broker. Myfxbook copy trading tool replicates every trade of the experienced traders in the account of the user so that when the expert trader’s trade is successful, the user’s trade is automatically successful. One can easily download the Lexatrade app from the app store of Android, Windows, and iOS and install the app to conduct mobile trading in assets on the go at the mobile trading platform.

Currencies Forex

It just comes down to your individual trading needs, really. If you find Lexatrade doesn’t meet your needs, there are other leading forex trading platforms to consider. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by lexatrade website our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website.

With a proven track record of strong financial results and stable growth, Lexatrade has put itself in an enviable position as a trusted market leader and innovator. A minimum deposit of $100 is required to lexatrade broker reviews start trading with this broker and this is affordable. We could not find out if charges and fees apply on withdrawals. During the NFP week, the online trading platform selects a financial instrument.

Lowest trading fees of trading in comparison to other brokerage companies that compensate when the accounts lose money. One needs to meet the payment of only $1 for each trading lot that stands at $2 for each complete trading session.

Lexatrade Uk Reviews

The broker is headquartered in Seychelles and offices in UK, Cyprus, Seychelles, Malaysia, South Africa. As an industry acclaimed broker with more than 15 awards under its belt. Lexatrade offers superior trading conditions such as spreads from 0 pips, ultra-fast execution averaging 0.20s. And outstanding client support in more than 15 languages. Built by traders for traders, our extensive experience and deep understanding of clients’ needs allow us to provide them with the right conditions to excel.

Lexatrade courses scam

The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods. These leverage ratios differ with each market instrument. Finding a reputable Lexatrade review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source. Lexatrade is a trading name of Lexatrade Ltd, a member of Lexatrade Group, a leading online brokerage firm. Driving license, passport, national ID, a utility bill, or bank statement are accepted as proof of address. Please note mobile bills are not accepted under this category.

Aside from visiting one of The flux tool set ninjatrader how to trade with fibonacci retracements and extensions Barcelona home games at the Camp Nou stadium, the winners get a hospitality pack. Each package is updated periodically, automatically and the algorithm keeps on top only the most profitable strategies. This way we want to thank our active traders for their loyalty and dedication, as well as introduce new users to HYCM and its first-class trading. When calculating margin or other funds required for such Margin Trade, Lexatrade Ltd is entitled to do so on the basis that Lexatrade Ltd’s view of the disputed events or instructions is correct.

We ranked Lexatrade’s fee levels as low, average or high based on how they compare to 150 brokers that we recalled their live account spread in our database. I had very good experience with agent Vasilis, very helpful and polite, my account was verified fast. Lexatrade withdrawals, deposits or requests are submitted via your online account area. While Lexatrade process withdrawals within 1-2 business days as per regulatory obligations. Lexatrade hasa zero fee policy, where no charges or fees applicable to monetary transactions.

Several webinars are offered weekly, covering a large range of subjects. Lexatrade grants optimal leverage of in all accounts opened through the Seychelles controlled entity.

That means, if your broker goes bust, you will still be able to recover your balance. To take part in the rebate program, the trader has to open a live trading account and then make an initial deposit of at least $200 to start to trade and invest in various assets. The company offers rebates on a monthly basis to the clients, and one can earn around $0.25 to $0.75 for each lot based on the monthly volume of trading. The leverage allows the traders to use only a small portion of the capital to open a large trading position and maintain it for a long time. Although leverage can potentially increase profits, retail investor accounts lose money too. The users of the VIP Account are generally forex companies that make the minimum deposit of an amount of money of at least $50,000 to establish contact with the brokers. The trading platform operates with a team of expert analysts who conduct fundamental and advanced analysis of the markets on a day-to-day basis and maintain reports available at the company’s blog section.

The users get access to competitive spreads and over-night swap charges. Lexatrade is a regulated trading platform and holds licenses from CySEC, FCA, and FSA. Securities Dealer by the Financial Services Authority of Seychelles regulates Lexatrade UK Ltd, which means that the client’s funds are given utmost protection and are stored in a separate bank account. Lexatrade has tied up with tier-1 banks for this facility. Along with other benefits, the users also get a good variety of trading, analysis, and research tools that can take their trading to the next level. He users get access to competitive spreads and over-night swap rates.

This highlights how Lexatrade continually forms partnerships to improve trading conditions for its expanding client base. Overall, Lexatrade offers fewer trading account currencies than most other large international brokers but it offers accounts denominated in GBP. For traders that trade in large volumes , it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD.

  • The account opening process is also simple and streamlined, and there are free deposit and withdrawal options.
  • You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
  • Popular asset classes, such as stocks, ETFs, mutual funds, bonds and options are missing.

Traders use Autochartist to conduct technical market analysis necessary for prudent decision-making while trading CFDs on crypto assets, oil and gas, stock indices, and forex. The tool employs the advanced chart recognition mechanism to scour through huge volumes of market data and identify the price levels of asset prices and trading conditions of CFD and forex instruments. The average spread price is somewhat higher for the Classic account at Lexatrade site, and as such, not preferred by beginners and other traders. The company provides Forex, Metals, Indices, Commodities, and Cryptos through MT4 with lower brokerage cost, indeed!

Autochartist is a common technical analysis tool among traders, so training videos are easy to find online. Autochartist is one of the best analytics tools on the market, and Lexatrade does well to provide this service to its clients. Lexatrade offers AutoChartist free of charge to all live and demo account holders.

The only thing the trader needs to pay for is the bid or the ask spread. If the trader finds it very slow, traders can rent a VPS server. Stop Loss and Take Profit orders can be set on all account types with no limits. There are different cost structures for different account types. We reached out to Lexatrade, but at the time of our update, it is unknown which countries are under FSCA and LFSA authority. We provide answers to all the questions in this Lexatrade review.

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