LexaTrade Review For 2021

Regulatory bodies such as FSCS guarantees traders that their deposit is protected in case the broker goes bankrupt. The fact that there are numerous products on offer gives traders an opportunity to explore trading various assets. LexaTrade is one of the largest stock exchange-listed scammed by lexatrade FX brokers in the world. We’re also regulated by the world’s biggest supervision authorities, including the Financial Conduct Authority. X-Trade Brokers is a licensed brokerage house in the European Union, specialized in trading on OTC derivative instruments .

LexaTrade forex broker

In addition to English, phone customer service is also offered in Romanian and Hungarian. With this top trading platforms 2020 broker, the average wait time for withdrawals in the British Pound denomination is one day.

You Do Not Pay For The Same Payment Method Service Use: Livelength Of Use: 0

For active traders, a cashback program is available whereby a trader gets rebated a portion of his trading costs if minimum conditions are met. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated. Each broker was graded on 108 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure . Overall, I was left impressed with LexaTrade’s education offering, thanks to its extensive written content and video materials. The only drawback is a lack of live webinars currently, although archived recordings are available.

LexaTrade forex broker

The LexaTrade Trading Academy represents a hidden gem and is a must-read for new traders. LexaTrade provides frequent market commentary and trading ideas in its Market News section. Traders receive multiple updates throughout the trading day, which can consist of brief fundamental lexatrade reviews summaries, technical trading alerts, the Trade of the Day, and the Crypto Newsletter. Some content is text-only, and the rest includes charts and trading ideas. Most articles are free for all traders but select pieces will require an LexaTrade account.

Traders Reviews

Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website. Analyzing and trading FOREX, commodities, stock exchange indices and shares CFD is easier with the advanced chart analysis tools LexaTrade offers included in MT4 and xStation trading platforms. LexaTrade offers a broad range of commodities, stock exchange indices and shares from all the major world markets and LexaTrade’s trading platform works 24 hours 5 days a week, that is from Sunday 11 p.m. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

  • Care should be taken in the selection of payment option, as some may carry higher transaction fees than others.
  • This well-regulated and publicly listed CFD broker, therefore, classifies as a good broker, especially for equity traders.
  • One thing you should know about financial oversight authorities is that they are always on the traders’ side.
  • Real trading accounts in LexaTrade company may be denominated in such currencies as USD, EUR and CHF.
  • This is a great offer that grants you 40 USD to simply test the services of this broker, and you can surely withdraw all of the profits.
  • They whould do anything to take money from you, It is a daylight robbery.

Founded in 2002, it is a tier-1 brokerage regulated by the FCA, making it a trustworthy forex broker. LexaTrade may be regulated by numerous major regulatory bodies, but this does not prevent it from scamming unsuspecting traders. It uses sneaky tactics like slow systems and manipulation of the trading conditions to make traders lose. A pushy account manager is one of the red flags of a scam broker. The account manager will call you countless times trying to get you to deposit more money, which you end up losing as was the fate of this customer.

Due to continued growth, the company now seeks a Junior Institutional Account Manager in International Business Development Department. The right candidate will be a creative, innovative, enthusiastic team player with strong interpersonal skills.

Additionally, the broker has many subsidiaries around the world that comply with local regulation that impose different regulation, therefore spreads vary between countries. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Investing with a brokerage firm regulated by a government agency allows you to focus on trading.

LexaTrades Enticing Rewards

Below you can see how LexaTrade scored in each of our high-priority categories. Demo Account– this account allows clients to experiment with the platform with either MetaTrader 4 or the web-based Xstation, without responsibilities. Each account appears with its implementation technique and spreads model in terms of commissions and fees. LexaTrade was established in Poland in 2002 and has thrived to evolve into a well-known forex and CFDs broker, that serves over 230,000 clients globally as of its 2019 Half-Year report. All contents on this site is for informational purposes only and does not constitute financial advice.

LexaTrade forex broker

If not, open LexaTrade’s Real account and access to LexaTrade’s client portal to get started. The key advantage of LexaTrade’s trading system is on-line access to the OTC market. Yes, our review of LexaTrade found that the broker has licenses from not one, but four different regulatory organizations. These licenses, both individually and collectively, ensure that LexaTrade operates responsibly and fairly at all times. In this review, you can find all the information you need to decide whether LexaTrade is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders.

Tools

Easy access to up-to-date information is one of the most important elements for success in the OTC derivatives market. LexaTrade’s MT4 and xStation trading platforms’ mobile apps are full-functional trading terminal. Easy access to more then 30 technical indicators, such as Moving Averages, Bollinger Bands, Relative Strength Index , Parabolic SAR, Stochastics, MACD, GANN Lines. Sophisticated charting tools are tailored to meet the needs of even the most advanced investors.

LexaTrade is an online broker for forex and other trading instruments, via contracts for difference . The LexaTrade brand is owned by X-Trade Brokers Dom Maklerski S.A., a publicly traded company headquartered in Warsaw, Poland. LexaTrade operates under different affiliate companies in several countries including the UK, Germany, France, Spain, Turkey, Poland and others. Since then, the company has steadily expanded to countries around the globe, and has expanded its service offering. Less pricing, which is just average, LexaTrade left me thoroughly impressed and is worth a close consideration for trading forex and CFDs in 2021.

LexaTrade forex broker

With tight spreads, low fees and excellent trading platforms, LexaTrade is considered a top forex broker catering to retail investor accounts from all over the globe. To start trading with LexaTrade, customers can sign up to one of three account types depending on the subsidiary a trader registers with. Those trading with LexaTrade International, outside of the EU, can create a Standard, Pro or Islamic account, while LexaTrade UK only offers Standard or Pro account types. As well as a choice of trading platforms between xStation and MT4, LexaTrade provides many features to enhance the Forex and CFD trading experience. Compared to other brokers, LexaTrade offers ultra-tight spreads, a wide range of CFD products with cryptocurrency and share trading, as well as excellent customer support and educational resources. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider.

LexaTrade Fx Trading Broker Accounts

With tight spreads and low commission fees, the LexaTrades Pro Account is suited to scalpers, day traders and those using automated trading strategies. When trading Forex, Commodities, Cryptocurrencies and Indices, LexaTrade customers pay as little as $4 per lot in commission fees, while spreads start from 0.28 pips. All market analysis tools are available for free on LexaTrade’s trading platforms. Wide range of technical analysis tools are also available, including Fibonacci, Gann, custom trend lines and many more.

LexaTrade forex broker

Both brokers also offer research and trading tools, however LexaTrade has more. Following this full LexaTrade review, we can conclude objectively that LexaTrade is a good broker. LexaTrade offers traders a broad selection with over 2,000 assets available across six categories from the MT4, and its proprietary xStation 5, trading platforms, with an acceptable cost structure.

Known members of this group include LexaTrade.co.uk, LexaTrade.fr and, XOpenHub.pro. Instantly exchange any of the 48 currencies pairs directly for EURUSD, GBPUSD, AUDUSD and more.

LexaTrade maintains an average choice of payment processors, suitable for most traders. A cashback promotion is offered to traders, dependent upon jurisdiction. The broker’s proprietary mobile app is customisable, with the option to change the display to dark mode to save battery and enhance mobile charting and analysis.

LexaTrade forex broker

You must understand that Forex trading, while potentially profitable, can make you lose your money. The trading platform is also a major plus – I have all the tools I need, and the market commentary comes in handy from time to time.

LexaTrade holds licenses from four regulatory agencies, including the IFSC, FCA, KNF, and CySEC, and has gained a positive reputation during its 15+ years of existence. As well as a sparkling background, LexaTrade offers you 1,800+ instruments and lightning-fast execution, among other benefits.