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LexaTrade Review 2021, User Ratings, Bonus, Demo & More

LexaTrade is a highly regulated and well-established broker, offering the popular MT4 platform. With decent welcome bonuses and customer support also available, LexaTrade a solid online broker. FXOpen – FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms. LexaTrade is one of the largest stock exchange-listed FX & CFD brokers in the world, offering access to over 2000 instruments on their trading platforms. The maximum trade requirements vary depending on the trader and the instrument. As LexaTrade offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades. LexaTrade offers over different instruments to trade, including over currency pairs.

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All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and forex reliability of the information. Yet, customer service isn’t available during the weekends, so you can leave your request via the contact form to be advised.

Whats The LexaTrade Trading Experience Like?

As expected, United Kingdom’s general election on Thursday 12 December 2019 resulted in extreme market conditions . There was a gap in price, anything in between there was nothing so at the top of the Gap, your trade was closed. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

The signals you follow will be copied automatically and directly into your LexaTrade account. You can review historical performance of signals and filter according to your requirements. It should be noted that past results are by no means any guarantee of future performance. FIX API allows traders to trade with Direct Market Access for the lowest possible spreads and fastest execution. MT4 is available to download on both Android and iOS from the relevant app stores. It also has the same features as the desktop platform with the convenience of being able to trade from the palm of your hands. You can open, manage and close positions, and analyse the markets.

  • Marcus founded BrokerNotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like.
  • LexaTrade trading name of a LexaTrade UK Ltd and LexaTrade Ltd Seychelles regulated as a Securities Dealer.
  • Trading platform available on desktop or tablet, in web or on the go with a smartphone.
  • Hercules.Finance is a website owned by a team of Financial Specialists and IT experts.
  • LexaTrade’s education offering is better than the industry average but not quite good enough to make the cut as Best in Class .
  • Do you have any other questions about LexaTrade’s trading service?

LexaTrade also offers CFDs on stock indexes, oil, precious metals, and bonds as additional trading instruments. Very good broker but 50 doller is best for minimum deposit in ecn account.Please make a minimum deposit of dollar 50 as soon as possible. In short, we think that LexaTrade is a trustworthy brokerage that offers quite impressive trading conditions to its clients. Now, let’s review each of the above-mentioned points more closely.

Compare LexaTrade

Trading Brokers have spent thousands of hours researching and conducting in-depth analysis on hundreds of online trading brokers. Whilst LexaTrade process all withdrawal requests within 24 hours on business days, the time necessary for the funds to reach your bank account can depend on the policies of your bank. Customer support is provided via online chat, telephone and email, available Monday to Friday during business hours. Support is offered in English, Italian, Spanish, Russian, Chinese, Indonesian, Vietnamese and Arabic. The support team are usually prompt, efficient and polite with their responses. The MT4 trading platform is fully customisable and very user friendly.

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LexaTrade striving to reach success trading among their client, hence they do not impose restrictions on profitability and allows all trading strategies including hedging, scalping and arbitrage. Nevertheless, be sure to verify conditions with particular entity regulatory restrictions as those may apply. Web platform is very useful to any size of the trade since does not require any installations, but is reachable right from your browser. Yet, this platform is rather limited with tools and drawing instruments so for comprehensive analysis you would definitely need a desktop version.

If you are not sure about your local currency and spot metals trading regulations, then you should leave this site immediately. The broker offers a gainful welcome bonus of 30$ for the newcomers of the platform.

Vip Account

LexaTrade has several account types that differ in pricing, minimum deposit, and minimum account balance. The low forex fees are mainly due to the low commission LexaTrade charges. For example, it’s €2 per lot per trade for EURUSD, while £2 per lot per trade for GBPUSD. Control your accounts, manage your funds and access new functionality to make your trading experience enjoyable.

However, if you use a minor currency that is not supported, LexaTrade will convert your deposits and you will be charged a currency conversion fee. A currency conversion fee will be charged if you deposit in a different currency than the base currency of the target trading account. It’s likely not a big deal but something you should be aware of. LexaTrade UK Ltd offers segregated accounts with negative balance protection and access to the Financial Services Compensation Scheme as a regulatory requirement for retail categorised clients.

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Any bank fees on deposits above $5,000 are covered by the broker. The processing times vary from instant to 1 working day and everything can be managed simply from the LexaTrade Secure Client Area. The broker does not offer trading accounts to the United States, North Korea, Iraq, Cuba, Sudan and others. The account opening process is simple and users just need to click on the Create Account button on the broker’s homepage. This will then redirect users to a client registration page in which the first step is to provide personal information and accept the Privacy Policy.

Is LexaTrade Safe?

The quality service issue is of great importance for the company. So the broker offers for trading the terminal Metatrader 4, tested by millions of traders, securing the stable trade, which got positive references from the company customers. Among the advantages of the broker are provision of trading tools, services, bonuses, professional technical support, this is to say about the well considered strategy of cooperation with the customer. The FSCA is responsible for market conduct regulation and supervision. The FSCA will further assist in maintaining financial stability.

The broker provides the ability to trade on 80+ CFDs on the globally-recognised MetaTrader 4 trading platform for Windows, Mac, Web, Android and iOS, as well as additional futures markets on the CQG platform. Live account holders can access the free Autochartist pattern recognition scanner while also viewing regular webinars and daily news articles from their experts. Users are offered the ability to trade from the globally-recognised MetaTrader 4 trading platform for Windows, Mac, Web, Android and iOS operating systems, as well as the CQG platform. Users can access a wide range of trader research and education tools such as webinars, seminars, ebooks, video tutorials and news articles, as well as trading tools such as AutoChartist.

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Besides, LexaTrade now grows to Asia region as well and establishes its entity to cover the proposal. No, LexaTrade is not a scam, is a secure broker with good reputation and low risk Forex and CFD trading environment.

Actual LexaTrade Promotions

Please note among the advantages of the broker also the scalping option, along with automated trading, hedging, phone dealing, up-to-date trading services (Autochartist, VPS-hosting, swap-free account, Autotrade etc.). Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

Funds can be deposited into a trading account via debit or credit card, bank wire transfer, Neteller, Skrill, DotPay, PaySafeCard, Sofort, Rapid and PayPal. LexaTrade offers multilingual client service support via Telephone, Email, Online Contact Form and Live Chat. NFP Machine – This is a promotion on who can guess the NFP figure and market price of a chosen asset class. This could result in $500 added to your trading account, lexatrade broker reviews or if it’s a close prediction a $200 prize. MetaTrader Marketplace allows users to access copy trading services, algorithmic trading services and customised indicators and strategies directly from the MT4 platform. The CQG Mobile trader app offers advanced features for $25 per month as a stand-alone, or free with any other package. The MetaTrader 4 mobile trading app is covered in more detail in the video review.

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For our 2021 Forex Broker Review we assessed, rated, and ranked 27 international forex brokers over a three-month time period resulting in over 50,000 words of published research. LexaTrade was established in 2014 after Armada Markets moved its retail clients to LexaTrade’s entity in Seychelles, where it is regulated by the Financial Services Authority . Today the LexaTrade brand holds regulatory status in UK, Cyprus, and Malaysia. According to its website, LexaTrade Group has over 200 staff and more than 50,000 customers.

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They allow all trading strategies including hedging, scalping and expert advisors. A minor issue with depositing money to LexaTrade is that based on our experience it’s not user-friendly compared to similar brokers. This means either that the interface is not user-friendly or that figuring out where and how you have to make the transfer is a bit complicated. Autochartist MT4 Plugin and web application which is an advanced chart pattern recognition tool highlighting actionable trading opportunities. LexaTrade allows users to trade on the MetaTrader 4 mobile trading app for Android and iOS operating systems. The app can be downloaded from the broker’s website or from the Apple App Store or Google PlayStore.

LexaTrade offers a variety of trading accounts that come with different features and benefits. While services lexatrade forex broker and products vary between each of the accounts, they may also vary depending on the regulatory jurisdiction.

The safe terminal, gainful bonuses, quality analytics, training option – all this also describes the broker in a positive way. The company has negative references, too, not that much though, besides there is a broker’s agent working on forums. It is to be hoped that the company plans to attend to customers references and enhance its service keeping the pace of its successful start. It is fair to say that LexaTrade didn’t yet profile itself at full breath, it is early to appraise it as a reliable or a fraudulent company. Yet the feedback from traders, which we expect to this review, may not only change broker ratings significantly, but caution users against possible problems, too.

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