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LexaTrade Review 2021

Their online platform is very intuitive compared to Metatrader, and frankly, Metaquotes could learn a thing or two from it. It is in no way suited for the intermediate to advanced trader, however. Stops are fixed at seemingly arbitrary intervals, which makes it impossible to precisely adapt risk to market structure or volatility.

Overall, the range and depth of assets available to trade are limited compared to other similar brokers, but LexaTrade excels in its Forex offering. For traders who wish to trade from a browser, LexaTrade’ web-based platform is offered. The research section consists of six categories, unfortunately, all not specifically valuable to traders.

LexaTrade FSAS regulated offers a Standard account with a minimum deposit of $25, a Premium account with a minimum deposit of $2,000 and a VIP account with a minimum deposit of $10,000. LexaTrade CySEC regulated offers a Standard account with a minimum deposit of $25. The advantages of LexaTrade are many and they include a very easy to use interface, a large variety of indicators, the ability to trade with a minimal account size and unlimited leverage. In order to become a successful forex trader you will need more than these features. However, if you think that you’re ready to take the plunge then you’ll find this review useful. The following article will discuss the advantages of LexaTrade for the forex trader.

Spreads And Commission Fees

This large and regulated broker has been around since 2001 and have expanded greatly over the past 19 odd years. They have not only grown in numbers but also expanded their product offering greatly. Guides Our blockchain guides will help you find your way through exchanges, tools, and other crypto apps.

LexaTrade offers multiple trading platforms suited to new and seasoned traders. You can choose from its proprietary web-based platform or MetaTrader 4 or mobile app. These platforms have a simple design and integrate unique tools such as market news, trading charts, financial calendar, and easy forex trading signals to keep you updated with easy market movements.

Risk Warning:

Its important you test the LexaTrade chat service yourself. A responsive chat service from LexaTrade gives a great support experience to LexaTrade chat service users. Take time to look around the LexaTrade platforms and train yourself to think more systematically and logically about the markets. It’s a new skill-set for many, but it is what the market requires of you. A stop-loss order is an order placed with a broker like LexaTrade to buy or sell once the stock reaches a certain price.

The Get Started segment offers seventeen videos with a solid introduction to the Forex market, while the Discovery Series adds three more videos, complementing a properly executed segment. The quality tapers off from here, however; traders may download nine eBooks, but the Knowledge Base is nothing more than an FAQ section. New traders may obtain a good introduction to Forex trading, but more in-depth material to best forex brokers serve advanced traders is unavailable. The educational segment offers potential, but the overall execution represents a failed opportunity for broker and traders alike. LexaTrade provides a dedicated division for research and education. The research category is divided into six sections, though only the blog is original content; the other five sections are simply a collection of data not created by this broker.

While Pending Orders is a type of order that allows you to buy or sell at a pre-determined price in the future. This can be ‘Buy Stop’, ‘Sell Stop’, ‘Buy Limit’, and/or ‘Sell Limit’. They contacted me for bank details to deposit funds and my acct manager contacts me every few weeks to see how things are going. LexaTrade has a consumer rating of 1.89 stars from 9 reviews indicating that most customers are generally dissatisfied with their purchases. The upper menu of the screen contains the available balance, the amount at risk, profit/loss statistics, and the CFD margin level. A “Deposit Funds” button is located on the right of these statistics.

Company Headquarters And Trading Names

Unlike with the options, the easyTrade is done through the standard web platform and mobile app. The standard trade parameters are the direction of the trade as well as the amount at risk and the expiry time. They helped me significantly in starting my journey as a forex trader. As a newbie you will most likely lose money with them, so start small and use it euro dollar forecast to gain experience in a relatively safe environment. Though once you find your footing and are confident enough to deal with the uncertainties of trading, there are places to go that offer much cheaper trading environments. LexaTrade is an award winning global broker with full access to 300+ financial markets on our innovative and easy trading platform.

One differentiating factor for LexaTrade with some other Forex and CFD brokers is options trading. The chart on the web platform has three price types, OHLC, Line and Candlestick and time frames from 1 minute to 1 week. There is also a Financial Calendar and a Technical Analysis report on the platform. LexaTrade provides an average selection of educational materials, but most of these are geared towards new traders, making it a good choice for beginners. However, it lacks materials for advanced traders and doesn’t offer webinars or live education.

Is My Money Safe With LexaTrade?

For those traders who are on the go, you will be happy to know that LexaTrade has got a pretty functional mobile app. This is available on iOS and Android devices and has a lot of the same functionality as their main web platform. Trading forwards is done on the easy markets web platform and it allows you to select a forward date up to thirty days ahead. The forward option is currently available on 39 different forex pairs. You will also be pleased to know that there are no deposit or withdrawal fees on the platform.

We also review and explain several technical analysis tools to help you make the most of trading. Commodity exchanges are formally recognized and regulated markeplaces lexatrade scam where contracts are sold to traders. If you would like to see how LexaTrade stands up against other brokers you can read some of our LexaTrade comparisons below.

This frozen rate can be used to execute the trade without worrying about the real-time scenario. You can reach their support through Facebook Messenger, WhatsApp, Viber, and Live Chat on their website. It is really convenient and we can say that it is easy to get in touch with LexaTrade’ support team with these chat options. Deposits can be instant on the trading platform with electronic methods.

No Need For A Download With LexaTrade Trading Platform

An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that CFD, Forex, Commodities, Indices, Shares, Crypto are considered financial assets. FxForex has long been a trustworthy guide to Forex, CFDs and Cryptocurrency trading online. We review online brokers, provide tips and guides to trading, as well as news on the latest developments in the industry. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

• The article is a LexaTrade Review by TradingGator on everything the online CFD broker has to offer.
• This process usually takes less than 24 hours, after which time you can begin trading freely.
• Easy Markets Pty LTD is authorized and regulated by the Australian Securities and Investments Commission .
• Founded in 2001, LexaTrade is a well-regulated market maker with no dealing desk intervention.
• Although they do have large client coverage, there are a number of regions where they cannot accept clients from.
• Free guaranteed stop-loss – Offered on the LexaTrade proprietary platform and app, this feature does what it says on the tin.

But as always, you should always do your own research and be extra careful when investing. Easy forex & CFDs with guaranteed fixed spread, stop loss and take profit orders plus guaranteed execution. You guys have no idea how lexatrade website much capital i lost because of their con tricks happening on their platform, LexaTrade should be ashamed of such illegal acts… Thanks to WEALTHWATCHS, com that assisted me in recouping my money back from easy markets.

Failure to comply with my specific requirements has cost me a bunch of money. As we understand, you were not aware that these actions were breaching the Client Agreement which you accepted on March 3rd 2020. For this reason, we have gone back to explain to you the following conditions of the Client Agreement that were breached through your trading activity in detail. Please stay away from this company if you loose money they are happ but if you make profit they dont give your profit. If you’re beginning to trade, learning how to read forex charts is integral to your success. Benzinga provides the essential research to determine the best trading software for you in 2021.

For those of you who have been trading for any length of time, you will no doubt have come across the MT4 platform. This is the trading program that has been developed by MetaQuotes and has some of the most advanced trading tools on the market. Once you have filled out the form you will be directed to their proprietary options platform. Upon your first launch of the platform they will give you a handy step-by-step ICO (cryptocurrencies) guide about how to place a trade as well as the tools at your disposal. Taking a look at the standard UI, you have all of your key account metrics at the top of the platform. This includes things like your PnL, risk and Tradable balance. It’s time to move onto one of the most important things for any trader and that is the technology and platforms that they have at their disposal when using a particular broker.

Categories: Forex Reviews

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