It also offers its Forex traders Trading Central, Strategizer and Free VPS Hosting which are great tools many retail traders will appreciate. Unfortunately, the trading environment is terrible with high trading costs, low asset selection and unnecessary fees. The high fees associated with this broker make us https://lexatrade.name/en/ recommend finding a broker with lower fees and wider offerings, which would be most other brokers. LexaTrade offers a good mix of deposit and withdrawal options which include the basics such as credit and debit cards as well as wire transfers together with a nice mix of online payment processors and e-wallets.
The third measure is the forex services under the provision of investment services and lastly, investment research and financial analysis. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which lexatrade website they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies.
$10 No Deposit Bonus
Giving Free VPS to all traders is an unexpected positive surprise as LexaTrade has been loaded with high trading fees and unnecessary fees. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value.
When I started trading, I never had any experience in Forex and hence joined the LexaTrade only on guess work. LexaTrade Limited does not offer its services to residents of certain jurisdictions such as the USA, Iran, North Korea. The LexaTrade Review concludes a reliable company with strong positions among the EU and MENA region online trading offerings, also with international coverage.
Forex Broker’s Bonuses
LexaTradeis a ECN/STP Forex broker which offer a lot of instruments to trade in the market from Forex to Futures contracts and CFD. These servers allow 24/5 access to markets for automated trading, even without an internet connection. Servers support MT4 EAs and have faster executions than the desktop platform. LexaTrade earns its fees from spreads, the difference between bid and ask prices, as well as from commissions and swap rates. Those are the three basic types of income streams for most Forex brokers.
This is a nice extension to Strategizer as the created EA’s can operate 24/5 for clients and the fact that it is provided for free to all traders makes this a rare case of great service offered by LexaTrade. Despite the serious of shortcomings so far, LexaTrade provides three features to its Forex traders which show that while this brokerage has a long way to go, the will appears to be there. The three unique features offered are Trading Central, Strategizer and Free VPS Hosting.
- Traders in Japan welcome LexaTrade Facts & Figures LexaTrade is a trusted forex broker offering several accounts & the MT4 platform.
- LexaTrade Limited is regulated by CySEC, while LexaTrade Global Ltd. is regulated by the Mauritius Financial Services Commission .
- Third party fees connected to wire transfers do apply, but most Forex traders prefer to use online payment solutions which makes this fee redundant to them.
- LexaTrade offers clients the ability to trade on different instruments including 30+ Forex pairs, 7+ Indices and 5 Commodities and 60+ Stock CFDs.
- but when I sent a withdrawal request for some of the funds I received an email that after an internal investigation suggested that the strategy used is not allowed so all the profits and loses were cancelled.
- It also offers its Forex traders Trading Central, Strategizer and Free VPS Hosting which are great tools many retail traders will appreciate.
Some of the most important research materials in forex trading are technical and fundamental analysis and weekly FX reports. Luckily, all of these are offered by LexaTrade, including LexaTrade Web TV and the chance to get to know their research team. Technical and fundamental analysis are both essential in trading the financial markets, although investors make more use of the former. Both analyses are the bases for developing trading strategies and identifying signals.
What Is Minimum Deposit For LexaTrade Account?
At LexaTrade, the client is at the heart of everything we do and everything we do is designed to guarantee our clients satisfaction. LexaTrade Holding LTD is authorized and regulated by the Cyprus Securities and Exchange Commission (License Number 124/10). LexaTrade Global LTD is authorized and regulated by the Mauritius Financial Services https://lexatrade.name/en/ Commission. All trading sessions, as well as your personal information, is secured, based on the firm’s use of the latest in security and encryption technology. LexaTrade is fully licensed and regulated by the Cyprus Securities and Exchange Commission (License number 124/10) and is a member of Investor Compensation Fund .
Tell our team and traders worldwide about your experience in our User Reviews tab. LexaTrade makes money from spreads, commission, swaps as well as fees related to storage as well as inactivity. It also makes money from trading losses of its clients where it acts as a counter party. Clients have the choice to open an account with either LexaTrade LTD which is regulated by CySEC and under the EU framework, or with LexaTrade Global LTD which is regulated by the FSC in Mauritius. Following that choice, the registration form is the same two-step online application which should take less than two minutes to complete. Traders will have to submit verification documents are required by regulators in order to comply with KYC and AML regulations.
Analysis support and information that allowing a trader to focus on their goals provided on a free basis as a part of research materials. Where also Economic Calendars, Calculators and Weekly reports included.
LexaTrade has a large customer service team that provides multilingual support to traders 24 hours a day, five days a week. LexaTrade Limited is licensed by the Cyprus Securities and Exchange Commission and is part of the EU Markets in Financial Instruments Directive , allowing it to offer trading solutions in Europe. LexaTrade Limited is also a member of the Cypriot Investor Compensation broker Fund . This fund protects traders to the sum of €20,000 should the broker be unable to pay out returns. There is a mobile version of the MT4 platform for clients who like to trade and monitor their accounts while away from their computers. The LexaTrade app supports every order type available on the desktop version, though with fewer charting and indicator options.
LexaTrade Global Ltd is licensed and regulated by the Mauritius Financial Services Commission . The broker is authorised to provide services outside the EU, though not if domestic regulations prohibit their operation, such as in the US, Cuba, scammed by lexatrade Sudan, Syria and North Korea. At the time of writing, LexaTrade doesn’t offer any no deposit bonuses, welcome deals or rebate promotions. Traders can, however, access a free VPS, regular market analysis and a series of video tutorials.
There are spot prices on seven commodities, including 3 energies and precious metals such as gold. LexaTrade clients can trade in 8 global indices and 66 of the most traded EU and US company stocks. The broker also offers OTC futures contracts on indices, commodities and energies. With LexaTrade, users can trade on Forex, Indices, Metals, Stocks and Energies through the MetaTrader 4 trading platform for Windows desktop and via the mobile app on Android and iOS. The broker also provides an impressive range of online trading tools and education services such as webinars and free video courses. LexaTrade has teamed up with TradeWorks in order to bring Strategizer to LexaTrade traders. This tool is an algorithmic Forex trading system and allows traders to create a Forex trading strategy which is then executed in the MT4 trading platform.
Creating Templates In Mt4
This is a normal process and standard practice with all Forex brokers. The Fixed Spread Account starts from a minimum deposit of $500 and the spread on the EUR/USD is listed as 1.9 pips. This is extremely high, and makes this account type useless to any trader. The Starter Account has a minimum deposit of $200 and the EUR/USD spread starts at 1.7 pips. This is still very high and makes this account type equally useless due to high trading costs. Tom served as CFO for various Visa International entities from 1980 until 1999, retiring with the title of Group EVP and Treasurer. He has worked as editor for ForeLexaTraders.com for several years now and during that time provided insightful news articles for financial markets and forex trading.
That being said, your account was automatically flagged for using an abusive trading technique and we were forced to act accordingly. First of all I would like to highlight that although I’m an EU citizen my trading account was opened in Mauritius. Recent forex news, combined with detailed analytical articles and reviews along with education for different level traders are key to success that’s the fact. So at LexaTrade you cover it all, also can benefit from quality technical and fundamental analysis along with in-house designed LexaTrade Web TV that covers most recent updates and topics. And of course, LexaTrade team strives to support their customers in their success as a trader, hence providing around-the-clock customer service during working days. LexaTrade service available via emails, live chat, international phone lines and ready to answer in various languages through its service centres.
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LexaTrade is a fully regulated Forex and CFDs broker, headquartered in Limassol, Cyprus, and operating since 2010. LexaTrade Limited is regulated by CySEC, while LexaTrade Global Ltd. is regulated by the Mauritius Financial Services Commission . Free market analysis tools, such as price charts, economic calendar and news. LexaTrade is a Forex and CFD european broker which is properly regulated. The clients of LexaTrade can deposit and withdraw funds through Bank Wire Transfer, Credit Card, Skril, Neteller, WebMoney and CashU.
In addition, LexaTrade serving representative office in the MENA regions, in Kuwait and Jordan, making its offering even beyond with an expansion to trading services. Also, LexaTrade expands its horizons with an international proposal as the broker opened entity in Mauritius with access to high leverage, also received a local financial license from MFSC. LexaTrade is a competitive forex broker, with forex a good range of tradeable assets, the trusted MT4 platform, plus a free VPS and EA builder. There are also several account types to fit a range of requirements. Even though there is no social trading capability or cryptocurrencies offered, LexaTrade still provides a solid, well-rounded trading service. Practice accounts can be loaded with up to 5,000,000 EURO/USD/PLN in virtual funds.
Also, here is a possibility of Islamic traders joining the LexaTrade team through SWAP-free account feature upon the request allowing to trade with no rollover fees. Additional entity LexaTrade maintained is located in beautiful Mauritius, which is not a reputable financial jurisdiction, but an offshore zone. In case the broker is located only in the offshore area, Electronic trading platform we do not recommend trading with them, as a lack of regulations involving risk to be scammed. Nevertheless, due to the European license of LexaTrade it is considered a safe trading environment. The LexaTrade is a fully licensed and regulated Cyprus Investment Firm supervised by the CySEC and is also authorized to trade internationally across Europe and further.
In addition, you can interact with the broker, using one of the Social Media channels, linked on the website. LexaTrade has a presence on the main Social Media outlets such as Facebook, Linkedin, Twitter and Youtube. Users can submit a request for an agent of the Sales, Customer service or Account openings department to call them back within a specified time slot as shown in the following screenshot.
Fully Regulated Forex And Cfds Broker
The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff. In addition, there is a choice between the flexible or floating spreads, OTC or ECN connection, as well as the strategies to choose from. What is more great traders of different strategies will find their good way, as LexaTrade offers both fixed or variable spreads from 0 pips and 0.8 pips for Standard accounts.