LexaTrade Review 2021

This fee is paid every quarter and is capped at 15 CHF. Fortunately, the maximum amount each quarter is 50 CHF. As a result, the highest price you will pay each year is 200 CHF. This is a reasonable charge in the context of Swiss brokers.

LexaTrade broker reviews

LexaTrade has an efficient onboarding process for clients plus multilingual support. It also provides exclusive market research lexatrade scam during the day. LexaTrade has excellent liquidity thanks to its aggregated pool from more than 15 different Tier 1 providers.

Can You Open An Account?

LexaTrade provides liquidity through the following platforms; Advanced trader, MetaTrader 4, 5, and the new MetaTrader master edition. They integrate with smart plugins that aid in market analysis like APIs, autochartist, among others. The platforms exist as web applications, desktop applications for Windows and Mac OS, and mobile apps on both Android and IOS. It offers four types of client accounts depending on your level of trading skills. Once you have opened an account, you will then be able to make a deposit. Deposit times will vary according to the method you use.

LexaTrade broker reviews

MT4MT5Advanced traderThe MT4 platform is available on the web, mobile in Android and IOS, and desktop versions for easy accessibility in Windows and Mac OS. It offers automated trading. LexaTrades’s FX runs for 24 hours from Monday to Friday. It provides clients with 75+ currency pairs for competitive spreads and low margin rates. Clients are directly linked to the interbank and enjoy fast STP executions. The institution also guarantees flexible transaction sizes providing micro, mini, and standard lots.

Education Resources At LexaTrade

Account verification remains a mandatory final step to comply with AML/KYC stipulations; a copy of the trader’s ID and one proof of residency Currency market document generally satisfies it. LexaTrade maintains a dedicated Support Hub with contact e-mails and phone numbers to various departments.

The fund fees never appear in your account, they are charged inside the fund. So the fund just loses some value when fees are exercised. These fees of the funds are the same regardless of which broker you are using.

LexaTrade broker reviews

Trade with derivatives, like CFD or forex, in significant size and on average 10 times per quarter over the last four quarters. Here, we focus mainly on the Swiss entity, sometimes referred to as “LexaTrade “. Throughout our content, we will refer to the Luxembourg-based entity as “LexaTrade Europe “.

News Feed

In terms of forex education on LexaTrade, the material available is suited for a more intermediate to advanced trader class. There are squawk boxes from CNBC and Phoenix TV , daily and weekly forex analysis as well as analysis by the LexaTrade research team. Risk Warning – Between lexatrade forex brokers reviews 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you are fully aware of the risks involved and the high probability of losing your money. LexaTrade is the fully-regulated subsidiary of LexaTrade Holding, which is also regulated.

LexaTrade broker reviews

It usually involves futures trading and the buy or sells off a selection of instruments. Index trading involves a group of global stocks such as NASDAQ, FTSE, German DAX, AEX, etc. These indices are measured by the value of certain stock market sections.

The LexaTrade Demo Account

Lastly, Crypto-Assets account is a solution to trade 12 major cryptos with quite low fees. Of course, all above mentioned accounts available in demo version too, to practice and get familiar with the systems.

LexaTrade uses both versions and the following are their features. Double the standard spreads of other popular brokers on all instruments at all times. Before I had even finished opening my account I had a very rude phone call from a man trying to get me to finish opening my account or something. Funds can be deposited into a trading account via bank wire transfer, Visa or MasterCard. Further, the LexaTrade YouTube channel also contains additional education videos that are available in additional languages. Great material for both beginners and advanced traders.

  • With LexaTrade, the minimum and maximum trade requirements vary depending on the trader and the instrument.
  • The fee is 0.025% quarterly, with a CHF 15 minimum and CHF 50 maximum.
  • With LexaTrade you will need a minimum deposit of $1000.
  • Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
  • As with any investment, it is important to know and research the company you are dealing with.
  • LexaTrade has a reasonable sized customer support of at least 10.

So if you are not a seasoned trader don’t even bother. Other websites of this company include LexaTrade.com,LexaTrade.eu. Research and educational material is also great and covers content that is relevant, detailed and updated regularly through a variety of mediums including articles, videos, and podcasts. FX Options eur usd positions are charged at a 10 USD commission if below the commission threshold. Although the majority of products are commission-free, FX Options and Forwards do have a commission. A screenshot of the LexaTrade Advanced Trader web platform is shown below and is covered in more detail in the video review.

Account Types

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low Forex Club minimum deposit account. LexaTrade can execute virtually any stock trade on any exchange. They will accept even the most unusual order by phone and route it through third-party brokers.

LexaTrade broker reviews

Capital.com offers you zero fees on intra-day trading, a lightning-fast web platform and their proprietary Negative Balance Protection. Also, Capital.com gives you the best chance at financial success with a clean, easy-to-use interface. This is a free account that uses virtual money so there is no risk involved.

LexaTrade broker reviews

This page may not include all available products, all companies or all services. Tell our team and traders worldwide about your experience in our User Reviews tab. At the time of this review, LexaTrade neither offered bonuses nor hosted promotions. It does maintain a refer-a-friend campaign rewarding the referrer and referee, but the amounts require high deposits for minimal rewards. LexaTrade also provides clients with the MetaTrader MasterEdition upgrade, consisting of 12 advanced tools and 15 custom indicators. While four account types exist as LexaTrade, the cost structure remains uncompetitive.

Leave a Reply