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Clients of this broker can trade currencies, CFDs, stock indices and commodities. A Platinum Account is available for those who deposit $10000 to $25000. These high level accounts receive special service and attention from LexaTrade. Traders enjoy tight spreads and leverages, indices quotes VIP trading signals and a VIP account manager, in addition to other perks. LexaTrade offers three payment methods; bank wire transfer, cards, and CashU. The website skips over potential funding charges, although many brokers only charge fees on withdrawals.
This is one of the most generous bonuses among online Forex brokers. These are LexaTrade’s most popular accounts, and they offer a long list of trading tools. Knowledgeable assistance is available to help traders be their best. LexaTrade has a user friendly website that is easy for even beginning traders to use, and it is known for excellent customer service. New traders can start an account with LexaTrade in just a few minutes; there is no cost associated with opening an account. LexaTrade’s mobile phone application allows trading from the comfort of your smartphone. Mobile trading includes setting stop-loss and take-profits, opening, modifying and closing existing orders, view real time profit/loss of live trades and using real-time interactive currency charts.
Forex trading is high risk business and may not be suitable for all investors. Forex Bonuses and offers are for trading information only and should not be considered as advice or encourage to invest in the brokers. Please read ourprivacy policy and legal disclaimerandNFA’s Investor Advisory. Not quite as I have no personal experience with the brokerage, though I would echo the views of other people who say that they would never do business with a brokerage that operates unregulated. What is quite bizarre in the case of LexaTrade is that they claim a UK address and openly advertise this on their site but are infact unregulated in the United Kingdom. Again I don’t really see any reason why a brokerage would do such a thing, but then a UK address looks a lot more professional than some random offshore registration.
With its chart-based trading feature and position-keeping, MT4 gives investors all the information they need while letting them conduct the day’s business on their own terms. Using trading alerts and signals, MT4 gives its users a heads-up whenever there is action regarding their investments. Investors deserve to know what’s going on so they can make informed decisions, and using these features will ensure they make the best choices available to them when it’s time to trade. With LexaTrade’s free personal account manager, an investor just getting started can take the time to train themselves and learn the ropes before jumping in with both feet. By being able to hone one’s trading abilities from day one, any investor will have the confidence needed to execute their deals when the real action starts. Loaded with numerous indicators and tools, the MT4 is ready, willing and able to assist any investor with executing winning deals.
LexaTrade Discussion
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In addition, the live customer support offered by LexaTrade is the best that I have found among Internet Forex brokers. Perhaps LexaTrade’s strongest feature is its top notch customer support. For quick answers, traders can utilize the website’s online chat feature to chat instantly with an expert. LexaTrade rewards its loyal customers for their favorable recommendations. When a current trader refers a friend, they can receive up to a $500 trading bonus for each friend who joins LexaTrade. If the friend deposits $500 to $2500, they receive $250, and if the friend deposits over $2500, the referral bonus climbs to $500.
LexaTrade offer Live accounts and Demo accounts for all traders. After becoming a trader of LexaTrade, you can use three platforms as MetaTrader 4 , LexaTrade Web Platform, and the LexaTrade Mobile Platform. All of them provides an outstanding trading experience for all the traders. The site is extremely professional and is a one-stop shop for all my online trading needs.
LexaTrade consistently receives high rankings for its customer support, and the company is committed to providing excellent service for all traders. Deposits can be made in USD or EUR via Visa, MasterCard, wire transfer, or through a number of other payment alternatives.
- Regardless of which account you’re looking at; it costs more than average to start trading with this broker.
- Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker.
- Offer professional charting, expert market research and commentary, and advanced trading tools to supplement their excellent training materials.
- We provide the most accurate and varied forecasts and collection of statistics for each Forex broker.
- Traders can also use these resources to understand how asset markets function during the normal course of a trading session.
- MT4 would definitely be the most recognizable of the options, although it’s nice to see additional options in case traders would prefer to use another platform.
Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. One of the best beginner-friendly features of LexaTrade is the demo account. If you are new and you want to test out some strategies that you may have learned, currency exchange then you can do so easily with a demo account. This is a great way for first-time traders to familiarize themselves with the timing and all of the requirements of trading on the foreign exchange market. As you become more experienced, you will like that this feature allows you to play with new currencies in order to get a feel for them.
LexaTrade Ae
LexaTrader offers traders a list of standard features but one that stands out is their clear explanations of the various assets they offer, an example of which is their lengthy description of CFDs and how they work. LexaTrade does not seem to place any restrictions based on one’s country of residence. The website doesn’t list any restricted countries, which is usually a good sign that the broker is lenient. The registration page simply asks for one’s name, email, password, and phone number without requiring one to input a country at all. This provides an advantage to traders from the US, Japan, Canada, and other commonly restricted locations.
However, in addition to leverage the new trader and ongoing bonuses that are also available will give you access to additional bonus trading funds. However, MetaTrader 4 is the go-to choice for online traders as it offers multilingual support and a user-friendly environment. It ensures quick order execution and comes equipped with extensive analytic tools, which enable traders to develop a better understanding of the market. Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit.
VIP trading signals are provided and special VIP offers are available. As a beginner, you should be using a site that is totally accommodating to your needs.
Again I can’t call out LexaTrade as being an actual scam as I have never done business with them, if your really interested I would take a look at their website to see what you think. LexaTrade is serious when it comes to customer satisfaction, which is why it offers expert analysis in various languages including English, Arabic, French, Portuguese, Russian, Spanish and Italian. Clients can also mail, email, or phone LexaTrade which promises to reply to all such queries. Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.
LexaTrade is all about crafting its experience to people who want to become better traders. With its deposit bonuses, its low deposit minimum, and its demo account feature, you can become a better trader without losing money in the early part of your trading career. To top things off, the site has great customer service to answer any questions that you might have as you go about the business of beating the forex market. These things combine to make this lexatrade forex brokers reviews the perfect site for beginners. LexaTrade offers free demo accounts to any trader that would like the advantage of trading from one risk-free. Demo accounts work as simulation live accounts and offer the same trading environment while allowing traders to use virtual currency so as not to risk any real funds. We’re happy to see these accounts available for everyone, especially considering that the broker may withhold other educational resources.
Customer Support
It’s a site that’s excellent for traders of all experience levels. Even if you are just getting started in the world of forex, you can take advantage of great features from LexaTrade that will make it easy for you to learn the ropes without too much effort. The forex market boasts the highest trading volume in the financial market.
Overall, I would suggest that people are very careful when doing business with LexaTrade and it’s associated companies. I was unable to lexatrade scam find any listing of spreads fixed or floating, so again it is pretty hard to remark on what kind of Spreads are offered at LexaTrade.
Account Information
Golden account holders would receive a 20% welcome bonus, which is applied to initial deposits. ECN and Platinum account holders cannot currently participate in either promotion. As always, some terms and conditions do apply when it comes to receiving and withdrawing applied bonus funds. We would assume that funds are processed back to the original payment method, with profits withdrawn to bank wire if LexaTrade follows traditional money-laundering prevention guidelines.
LexaTrade strives to create a productive online trading environment. It has opened more than 73 million trades in its six years of operations. LexaTrade is willing to work with traders of every level as it provides a customized trading package so that it can make the most of the international forex market. That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets.
$50,000 is the minimum requirement for a Platinum account which is designed for experienced Forex traders. It offers tight spreads, leverage and traders can access the full range of currency pairs and CFDs. VIP trading signals are sent out and there are other special VIP offers for Platinum account holders. Commissions are listed as starting from 0.3 points on the ECN account. When listing commission charges on stocks, the website breaks the ECN account into Platinum and Gold status levels and offers commissions that are $2 less per lot on the Platinum status. This is somewhat odd, considering that the broker markets the ECN account as being one live account type. LexaTrade offers the most popular MetaTrader 4 trading platform, which is accessible in four convenient options – through the web-browser, desktop, and download on mobile devices, including tablets.
Why Trade With LexaTrade?
I had to do this as I was so tempted to see where LexaTrade was actually operating from, so I fired up Google street view and entered the listed address of LexaTrade UK Ltd. and the result was very intriguing. Anyone who indices quotes does this will find out that LexaTrades UK offices appear to be above a shop along the Finchley road in North London which doesn’t really suggest to me that the company is really operating from the United Kingdom.