These are traded on some pretty advanced trading platforms with unique trading tools and conditions. The LexaTrade minimum withdrawal account is $50USD to bank accounts. Other withdrawal methods to eWallets or credit/debit cards have no minimum withdrawal amounts. There are no LexaTrade fees on any deposits and withdrawals, although some vendors may charge their own fees, which are worth investigating. It’s also worth pointing out that we made this LexaTrade review because like other brokers compared on this site including IG Markets, they have an AFSL.

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. By trading shares at LexaTrade, you can a bunch of different features and advantageous conditions. For instance, the Inside Viewer mode lets you see what percentage of traders are actually trading the particular share that you’re interested in. Besides, there are usually no or very low fixed spreads for these assets, which is always a great advantage. Another safety measure found during our LexaTrade broker review is fund segregation.

First Deposit Bonus

Even though the fixed spreads generally tend to be wider than the variable ones, this isn’t the case with LexaTrade. At LexaTrade, their spreads lexatrade scam amount to 1 pips on EUR/USD and are accessible with a $250 deposit. When you open an account with LexaTrade, there is a minimum deposit of $100.

Before chatting with customer support, you can first check out the rich FAQ section from the website and find an answer to your question. If you find no help there, feel free to contact them and get the help you need. The agents are professional, kind, and knowledgeable, as they help answer questions and sort out your issue until you’re satisfied. All clients are also linked with a personal account manager who is always present to guide you through the platforms. This tool helps traders trade in highly volatile markets, make big deals, and trade in significant economic events without worry. They can quickly reverse the trade if things turn out unfavorably.

Please Get Rid Off From This LexaTrade Scam

Unfortunately, when clever scam brokers break down the claims to 1 percent a day rather than stating outright 250% a year, it is easy to overlook the hyped-up language. One of the industry’s most innovative tools which allows you to trade risk-free. Give yourself a one, three, or six-hour margin to cancel your order when the markets are moving against you. The fastest way to contact LexaTrade is definitely via live chat or social media messengers. 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. When you start trading on virtually any market, you should always expect to get very rapid changes in asset prices.

• Having these regulations and policies in place, helps to ensure clients that funds and transactions are secured and protected.
• Is has a very user-friendly interface that is simple to navigate and quick to learn.
• LexaTrade is primarily focused on fixed spread trading without any commission fees.
• If you wanted to trade a larger array of physical crytpocurrency you could use the likes of Binance.
• Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
• They told me that when they told me they were restricting my account deposits.

Before you can trade with LexaTrade for the first time, you need to answer a few questions. The professional account is also listed as a “VIP” account with which traders benefit from a variety of perks. Easy Markets Pty Ltd is authorized and regulated by the Australian Securities and Investments lexatrade scam Commission and holds an Australian Financial Services license . Easy Forex Trading Ltd is authorized and regulated by the Cyprus Securities & Exchange Commission (License Number 079/07). The MiFID Directive provides a passport, which allows the entity to operate throughout the European Union.

Platforms

But it is incredibly easy to avoid rollover fees altogether by pursuing day trading. As a regular Forex trading broker, LexaTrade also charges swaps for overnight trades. These only occur if you decide to prolong your position for a longer time period than a single day.

The majority of agricultural commodities are staple crops and animal products, including live stock. Many agricultural commodities trade on stock and derivatives markets. 1) You must have carried out transactions, of significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters. 2) Your financial portfolio including deposits must exceed €500,000. 3) You have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services. It has analytical tools such as technical indicators and charts and you can monitor your account in real-time in the palm of your hand. This app is available for download in AppStore for iOS and GooglePlay for Android devices.

If you do not require these extras or you aren’t looking to invest a lot of money, you can get the VIP spreads on the Standard account if you deposit $250. Even after providing with all the documents your account is not verified and you are left with the option to lose your money. Except from the spread they charge $25 fees just to withdraw your funds. Also the withdrawal request takes too long to be added in your card. They “accidentally” double charged me for fees for a transaction I did. Other users have been “silenced” for raising their concerns in public.

Conducting Research At LexaTrade

That said, LexaTrade’ flagship web platform and VIP accounts struggle to compete with the best forex brokers in our annual review. MetaTrader 4 is a popular trading platform amongst traders and LexaTrade included this powerful platform in their list. This platform allows traders to use advanced trading knowledge to customize their terminals and display multiple live charts while using technical indicator overlays. Due to its ability to integrate a wealth of features that allow tailored market analysis and automated trading, most traders choose to use the MT4 platform. This platform is as well as preferred by advanced traders because it shows an amount of information displayed in one window. In the beginning, the firm started accepting initial deposits from $25 and only offered Forex to trade at the time, until it grew to the company that it is now. Over the years, LexaTrade expanded its trading options and CFD offerings to include global indices, energy, metals, and more.

With this platform, traders can access all listed assets easily. It runs on all operating systems with 81 technical indicators and other analytical tools.

While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that LexaTrade is not a scam, read our trader reviews and check other popular trading related websites and forums. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed.

Mobile Platform Review

LexaTrade ticks all required boxes for me so I am happy with them. There are teams of customer support representatives working 24 hours a day, 5 days a week. Reliable and quick, the support features are able to get an agent online in a matter of seconds which definitely adds up to the quality of this crypto broker.

Thank you for reaching out to us, as feedback helps us enhance our client’s trading experience with us. After more than 1 year of trading with this broker, I can share my opinion about LexaTrade.com. As you have already been informed you are allowed to trade with LexaTrade but without the use of Expert indices quotes Advisor. Moreover, the company has returned you all your funds plus the profits that you have gained with as an act of goodwill. After that Easy Markets remove $5697 profit from my account.They did my profit trades 0. Easy Markets change my account Statement and block my account so that i cannot trade.

Despite this though, it pales into comparison next to the MT4 desktop app. This tool could also be helpful around economic events that tend to drive up the volatility in the markets. This could include the likes of a central bank announcement or the Non-Farm Payrolls. If you are a day trader who uses high leverage, you will know how quickly markets can move even in a matter of milliseconds. This is why LexaTrade has included their handy “Freeze Rate” function. This is a feature that LexaTrade includes on their web platform that basically allows a trader to cancel a trade after it has been placed and executed. You can kind of think of it as an insurance policy on the trade.