Lexatrade Review Is Lexatrade A Scam Or Legit ️

03/05/2021

We completed the withdrawal request form and submitted it to the customer support team together with our identity verification documentation. The application was reviewed and approved in less than 24 hours, and our money was sent to our bank account. Keep in mind that you have to verify your account before you can withdraw your funds.

Your trade will be opened automatically when the rate you set is reached. Use it with FreezeRate, free guaranteed stop loss and take profit. Trade with no slippage, no renewal fees and of course you can use free guaranteed stop loss and take profit. Lexatrade Tickets allow you to choose between a day trade, a forward deal, a pending order or an easyTrade. All of these tickets offer clients different benefits and ways to trade. We introduced online trading in 2001 and we were the first to offer tools like dealCancellation, Freeze Rate and Inside Viewer. By continuing, you declare that you have read, understood and accept the Terms and Conditions and you agree to open an account with EF Worldwide Ltd.

Lexatrade website

Lexatrade has been a broker since 2001 and is part of Blue Capital Markets Group with headquarters in Limassol, Cyprus. Although we cannot trade on your behalf, we have a wide range of tools and market reports that can help you make an educated decision. If you have not yet sent us your documents or have not spoken to us, please do so as soon as possible. If you have already provided your documents and your account is blocked, please contact us for more information.

Lexatrade Regulatory Announcements And Warnings

Lexatrade offers more than 200 tradable assets with its competitive platforms. It provides a variety of selections for trading FX, CFDs, shares, commodities, cryptocurrencies, and indices. The brand was founded on the idea of democratizing trading and with the value of a transparent trading experience. The company has developed its tools and platforms into simple and user-friendly yet powerful instruments for any type of trader.

  • As for education, they do a great job but it will take you a lot of time to go through it all.
  • Though each account has a different deposit requirement, they share common features.
  • Negative balance protection – This protection ensures that your account will never drop below zero.
  • Amazingly, you do not have to pay any fees for making transactions.
  • Open an account and trade with an Lexatrade demo account today, to test these services for yourself.

The most popular blog posts are about gold, food prices, and pay gaps. If you don't have time to read the entire article, you can always bookmark it for later. Precious metals have many use cases and are popular with commodity traders.

Us Traders Welcome At These Brokers:

Lexatrade’ mobile app is available to both iOS and Android phone users. The platform is similar to the WebTrader in terms of the features available. Anywhere you decide to access Lexatrade, their platforms have a very smooth user interface, making it simple for traders to navigate.

Lexatrade website

This is the era of mobile phones and Lexatrade provides its mobile application for both iPhone users and Android users to make their trading experience excellent. Lexatrade is an intuitive and robust online trading solution that trades CFDs on forex, shares & crypto, Indices, and commodities with the help of rated brokers. Lexatrade provides the well-known MT4 forex trading platform. See our MT4 broker comparison for a list of the best MT4 brokers.

Lexatrade Demo Account

Amazingly, you do not have to pay any fees for making transactions. However, there is a set limit of $70 for minimum transactions across all accounts. Payment methods and processing times are the same as with deposits. Most importantly, all this will happen if you have placed a withdrawal request. lexatrade forex brokers reviews Nevertheless, do not forget to check transaction fees with your payment provider for a smooth transaction. Professional charting and technical analysis is possible and made simple. As one of the core values of Lexatrade, it commits to making trading simple and honest to its clients.

Lawrence Pines is a Princeton University graduate with more than 25 years of experience as an equity and foreign exchange options scammed by lexatrade trader for multinational banks and proprietary trading groups. Mr. Pines has traded on the NYSE, CBOE and Pacific Stock Exchange.

No one wants to lose money by trading in an unfavorable market. This risk-management feature enables you to choose the level of risk you are comfortable with before placing an order. The safety of funds is the biggest concern for investors when trading online. The legitimacy of Lexatrade ensures transparent and secure trading in various ways. Here, we would like to mention that Lexatrade’ commitment to comply with international regulatory rules assures the safety of customer deposits. With reimbursement schemes, investors need not worry about their money in case the broker becomes insolvent. Lexatrade does not charge any fees for funding or withdrawing from your account.

Lexatrade is an award-winning forex and CFD broker which launched in 2001. It entered the market as the world’s first web-based trading platform and has since grown to serve traders from over 160 countries. While its main office is located in Limassol, they also have offices in Sydney and Shanghai. Lexatrade has become one of the most respected forex brokers, because it offers a well-established security structure, bolstered by licenses from both ASIC in Australia and CySEC in Europe. This strong reputation is why our review team feels confident that Lexatrade could be the broker for you. All that ensures the traders’ safety especially to those who trade on volatile conditions. Lexatrade offices are located in Shanghai, Sydney and Limassol , as well at the Marshall Islands to be able offer services globally and provide personal customer service.

Q3 Earnings Season & Lexatrade Brings Huge Value Add To Clients

With its set of features and accepted trading options, Lexatrade provides a light multi-asset solution as an online brokerage. It sets itself apart from a lot of competitors because it offers a lot more options. Additionally, there are a lot of awards in the name of Lexatrade making it highly reliable. Along with that, the user-friendly interface for mobile and web platforms makes it perfect for everyone.

One should know that Bitcoin trading or any other kind of trading involves high risks, and is not suitable for everyone. Before trading Bitcoin or any other financial tool one should be aware of the risks, know exactly his investment goals and limits and acquire a fine level of risk understanding and risk management. Lexatrade has won numerous awards for its innovative trading tools and excellent risk management strategies. Due to regulatory oversight, the forex broker is regularly audited and is considered safe for trading. It has implemented the strict policy of keeping traders’ deposits safe during economic instability. Since there are no commission fees on deposits or withdrawals or account inactivity, Lexatrade generates most of its revenue from fixed dealing spreads.

Easy-forex respects your privacy and does not sell or rent its customer list. As a regulated broker Lexatrade is fully compliant with the regulatory rules and has no active bonus or promotional offers.

Customers should consult the Deposits & Withdrawals section of the Lexatrade website for details about withdrawal times. Other documents, such as credit card statements may be required depending on your account activity. Lexatrade notifies customers if it requires additional documentation. Traders who fall below the Lexatrade margin requirements risk receiving a margin call and having their position closed prematurely. See this list of Lexatrade instruments for up-to-date maximum leverage allowances. Deposits by wire transfer may take as much as 5 to 7 days for funds availability, while deposits through Visa and MasterCard are the fastest.

Both platforms are available as a dedicated Lexatrade mobile app for iOS and Android enabled devices, which covers a majority of the smartphone and tablet market. Lexatrade does have a reliable and high-speed trading experience, which is backed by guaranteed order execution policies on both trading platforms. Friendly to new clients with a lot of features for experienced traders. You also receive Lexatrade free guaranteed stop loss, no slippage, fixed spreads and no funding or withdrawal fees. In addition to its ease of use, Lexatrade offers competitive spreads and pricing to traders. You get to enjoy fixed spreads on all the 200+ financial instruments available on the platform. By supporting multiple base currencies, Lexatrade shows its intent on being a global leader in the CFD brokerage industry.

Lexatrade website

Lexatrade doesn’t charge any fees for deposits or withdrawals and all funds deposited through a certain method must be withdrawn using that same method. I think that a company that’s been active since 2001 cannot be called a scam, especially because they are regulated by two well-known financial watchdogs . Initially, they were named Easy Forex and rebranded to Lexatrade in 2016, so you might be familiar with the former name, especially if you lexatrade scam are a long time trader. But as always, you should always do your own research and be extra careful when investing. Over our time with Lexatrade, we have seen 3-fold increases in revenue generated online which we attribute to attractive affiliate offers, engaged account management, and professionalism. All client monies are separate to operating funds in segregated accounts. We maintain sufficient liquid capital to cover all client deposits.

Lexatrade website

Thus, users are required to provide documents to prove their identity and residence before they can carry out particular operations. Sometimes you are just unable to immediately decide whether you must place the trade or not. The issue here is that as soon as you make your decision the rate changes and you lose what you probably have earned by making the trade. So, Lexatrade came up with another attractive unique feature that is the Freeze rate tool. Sometimes the platform lags a bit and when you place your trade the rates change at the backend.