This can help build financial models for sophisticated currency trading. The platform has 3ms internal processing time with over one million price updates each minute. Pepperstone is a great choice for experienced forex traders as it uses STP technology to connect traders with liquidity providers lexatrade official site and offers low commissions. Traders can easily switch between the demo and the live trading accounts. Traders can configure the chart with customized indicators and technical analysis tools. The platform’s main trading screen gives traders access to more than 300 different instruments in one tab.
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.
I’m Happy With The Way LexaTrade
With tight spreads and no commission, they are a leading global brand. The company is regulated by CySEC, ASIC and the BVI which means it is a safe choice for CFD and forex trading.
- Yet if you want a more personalized interaction, you should probably go for an email support, or even the international support with face-to-face interaction.
- As a newbie you will most likely lose money with them, so start small and use it to gain experience in a relatively safe environment.
- We do not provide investment advice and the bonuses or promotions offered by brokers are listed for comparative purposes only.
- In order to be regulated by each of these authorities, LexaTrade has had to demonstrate an exceptionally high level of fairness, transparency, honest trading and full financial accountability.
- Over the years of expansion LexaTrade CFDs offering the range currently includes Forex instruments, global indices, energies, metals and cryptocurrencies including Bitcoin, Ripple and Ethereum.
- As a Forex trading brokerage, LexaTrade primarily focuses on currency pairs on its platform.
By doing this they can practice by implement their trading strategies without any hassle and without losing their actual money. As of recently, LexaTrade is regulated by the Australian Securities and Investments Commission , which also requires all adherents to follow strict security protocols. LexaTrade also deploys comprehensive encryption throughout its site to protect the data of users. Refer a friend – Register for the refer and earn program currency pairs list at LexaTrade and you can get paid for every new trader you introduce to the broker. Implementing a comprehensive risk management strategy, created by senior management. LexaTrade support a wide range of languages including English, German, Arabic, Greek, Russian, Chinese, Spanish, French, Polish, and Hebrew. As a nice bonus, LexaTrade are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage .
What People Say About LexaTrade
Since they commenced operations in 2001, LexaTrade has been providing flexible trading platforms, innovative features, and more than 200 global markets to clients all over the globe. They offer forex and CFD trading in currency pairs, cryptocurrency, indices, options, bonds, ETFs, metals, energies, and other commodities. LexaTrade is well-established and strictly regulated and has won over 30 international awards. Easy Markets offers the LexaTrade platform and MetaTrader 4 forex trading top platform. LexaTrade.com offers over 60 forex currency pairs, cfds, commodities, shares, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
Often fixed spread brokers also will have other risk management tools included such as guaranteed stop losses. In this LexaTrade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation. Trading any financial product requires training that can be completed either online or on-site. Currency trading has many elements for a trader to get used to, including the forex trading platform, key market events and dates, the use of leverage and automation. Each forex broker differs in their quality of training and the level that training courses are aimed.
What Languages Does LexaTrade Offer?
Overall, I found it to be simple and basic yet falls behind the best mobile trading apps in our review, in terms of depth of features and tools. Moreover in case of VIP account, account manager can drop the spread rate for you. As our opinion, this is what that make them difference from the other brokers. Normally who don’t want to take a risk and want to test their trading strategies, they can go for the demo account with LexaTrade. Like other brokers in South Africa LexaTrade also offer demo account to all customers. It is important to keep in mind that you can lose more than you initially invested.
So, if you make any mistake and it hasn’t been more than 60 minutes from creating an order, you can easily cancel the trade and bring the losses back. Unlike MT4, WebTrader is a proprietary platform developed by LexaTrade itself. And it comes with quite a few impressive tools that MetaTrader 4 doesn’t currently offer. Spreads for these assets are still fixed and vary between 50-2,500 pips. For three crypto-assets at LexaTrade, spreads can down to 0.004 USD (XRP/USD), yet the maximum price difference goes as high as 40 USD for Bitcoin. In the previous chapter, we have briefly covered spreads – the main commission charges at LexaTrade. In this chapter, we will take a much closer look at how high the commission levels are on this platform.
LexaTrade Review: What Are The Award
Overall, despite a broad selection of features, LexaTrade’ research offering is just a touch above the bare minimum industry standard. Despite offering free guaranteed stop-loss orders , we do not recommend the LexaTrade MetaTrader 4 offering. With MT4, LexaTrade excludes market headlines in desktop and does not offer the browser-based version. If you are looking for a broker with good past and have some good traders then we recommend you to start with LexaTrade. Your account gas been created and you can now login to dashboard and start trading.
I would rate this 4.5 stars simply because the core trading options were not explained on the tutorials so I ended up losing $200 even though my trades made a profit. But since they gave me a $300 signup bonus, the loss wasn’t really out of pocket so I guess I will give them the extra star for a 5 star review. This information is compiled manually and if you happen to come across any type of inaccuracy or misinterpretation of information, please let us know; this is likely due to human error. From time to time brokers update information such as fees and bonuses. Our forex trading Australia team aims to update these frequently, so we are always relevant to users. However, it is for this reason that the information included in our comparison tables be considered for indicative purposes only. Our LexaTrade review found that customer service and training were the two key strengths of the forex broker.
When it comes to trading Forex, or just about any financial instrument, it is virtually a no-brainer to always be in touch with recent economic developments. And as shown in our review of LexaTrade Forex broker, the market news are covered pretty extensively. As the broker itself points it out, a person who is serious about trading should know what effects macroeconomic data, geopolitical events, and other significant developments have on asset prices.
Risk, therefore, is the central outcome of leverage, so understanding your level of forex trading knowledge and risk appetite is critical when factoring in this variable. LexaTrade also offer MetaTrader 4 but features unique to this forex broker are not offered. After the first impression, however, traders may realize that LexaTrade offers trading conditions that don’t compete well with other leading Forex brokers. While transparency is adequate, LexaTrade does charge traders for the usage of its proprietary trading platform through higher spreads than those available in the broker’s MT4 platform. The MT4 platform is given as a basic version only; instead of providing traders with required third-part plugins to unlock the platform’s full potential, this broker created a lower quality webtrader. It is jammed with somewhat useless features and suggests limited to no authentic trading activity in its webtrader. With 256 symbols to trade, including over-the-counter FX options and forwards on 28 pairs, LexaTrade offers a light multi-asset brokerage solution.
Having a demo account is always a great advantage, especially for beginner traders who want to hone their skills without spending money. But it’s not only for beginners; even the experienced traders will find some use for this feature, be it for testing out a new strategy or changing the trading instrument.
Besides the above-mentioned live trading accounts, we have also discovered an Islamic account during our LexaTrade Forex broker review. Between 74-89% of retail investor accounts lose money when trading CFDs with this broker. Free guaranteed stop-loss – Offered on the LexaTrade proprietary platform and app, this feature does what it says on the tin. You’re offered a guaranteed stop loss at no extra fee, reducing the risk you are exposed to when trading.
Our goal is to give you the best information possible on how online trading works. No information lexatrade broker reviews or other content on this site should be considered as strategic investment advice.