LexaTrade features 62 currency pairs but no cryptocurrencies and only four commodities. Neither broker provides an excellent asset selection, but EuropeFX offers a nice balance suitable for beginner traders with an above-average cryptocurrency choice. LexaTrade caters better to Forex traders compared to EuropeFX but fails to present a balanced overall selection. Between both, EuropeFX remains a superior lexatrade rezension broker based on available assets. Timely is the best LexaTrade service due to its simplicity. The company finds the lowest spreads on stocks which makes it possible for beginners and even experienced traders to achieve excellent returns. It’s also attractive due to the fact that it offers cash management and risk management tools that can help traders prosper in their trading activities.
The MT4 community is vast, as is the amount of text and video resources to support new and experienced traders alike. For traders that trade in large volumes , it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made.
Supported Platforms For LexaTrade
If you don’t want to risk money at LexaTrade right away, you can get started with a demo account. If you don’t know much about trading, LexaTrade will teach you the basics of trading.
- All platform choices are free to use, all can be downloaded to your PC and all have web versions of the platform.
- Per the retail loss rate, LexaTrade remains well ahead of implementing it.
- After this, users are then asked to provide address, tax information, financial background, trading knowledge and experience.
- Similarly to deposits, LexaTrade charges no fee for withdrawal.
- Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field.
- In connection with the Metatrader 4 it works without problems and the setup is very simple.
We recommend LexaTrade for forex traders looking for low fees who are familiar with the MetaTrader 4 platform. LexaTrade provides negative balance protection for retail customers. If the balance on your account goes negative, Currency market you will be protected. LexaTrade’s currency pair selection is fairly average compared with the rest of the market. Beyond that, you can also trade CFDs on some stock indices, commodities, government bonds and cryptos.
Brokers By Platforms
New clients of LexaTrade can get a $30 live bonus, unless their country is excluded from this promotion. Unfortunately, we cannot process refunds on a deposits which were made more than 6 months ago. We may send your funds to you via other payment method.
In summary, LexaTrade account types offer a great opportunity for every trader. The terms are very good and much better than other forex brokers. No matter if you want to trade the markets with small or big capital, LexaTrade is the right decision for beginners or advanced traders. According to the lexatrade forex broker website, LexaTrade should provide an excellent trading experience with the cheapest spreads and commissions, which we will take a closer look at in the following test. Furthermore, the broker shines with many different awards in the industry and allows his traders to pursue any trading strategies.
What Is The LexaTrade Minimum Deposit?
It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage your risk. Reliable customer support is another important aspect of choosing the correct broker, forex broker as a lack of decent customer support can leave pressing issues unresolved and affect a client’s trade. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three. The platform may also provide tools for research in addition to tools for order processing.
Traders will gain access to Autochartist, a tool for automated technical analysis, forex news streamed right from investing.com , and a Myfxbook powers the economic calendar. All of this makes it quite easy for strategies that aim to trade the news. LexaTrade’s market research is competitive, and it continues to make improvements each year. That said, the broker is not on par with other brokers, such as the sophisticated forex research of Saxo Bank, which offers personalized, in-depth, quality research. LexaTrade offers a three tier discount for active traders, with rebates beginning at $0.25% per standard lot.
Trade With A Regulated Broker
Among trading instruments LexaTrade offers CFDs for Nasdaq 100, and S&P 500 US stock indexes. I’ve been with LexaTrade since 2015 and I dont have anything to complain so far. What a liars and cheaters, trading business itself is very difficult, on top of that LexaTrade want to cheat clients by stealing money with their exchange rate. Not only is LexaTrade doing money laundering with client’s money, but they also steal those money with bad exchange rate for withdraw, but for deposits everything goes smooth.
Upon request, an Islamic account without swaps can be created. Currency market LexaTrade allows every strategy and also automated programs.
The key assumption here is that you are buying and selling stocks that move in the direction indicated by the bar charts, margin indicates how much price has to fall to achieve the stated spread. The website is reasonably easy to access and navigate using mobile devices. MT4 can be installed as an App on iOS and Android devices. This allows traders to access their accounts while on the go, with nearly all the functionality of the desktop platforms. Demo accounts allow newbie clients to practice their trading with all the available platforms, instruments and with real time pricing.
There is also a very low minimum requirement of just $100 on all accounts, except VIP. And, it doesn’t matter where in the world you’re from, you can probably open an account. That is, everyone except those from the U.S. or Canada. Navigating through the research and filtering things isn’t the easiest. The broker could improve this area by adding an educational portal. The education offered by LexaTrade isn’t to the same standard of some other leading brokers.
In the highlights, we like LexaTrade’s low forex and CFD fees. The account opening process is also simple and streamlined, and there are free deposit and withdrawal options.
LexaTrade phone support was fast and we got relevant answers. It is not really structured, so finding the relevant news is not easy.
There are only a handful of exceptions, the most notable being the US, Canada and Japan. Clients must be at least 18 years old to use the services of LexaTrade. Get direct exposure to the world’s leading cryptocurrencies including Bitcoin, Ethereum and Litecoin.