Lexatrade Forex Broker Review

Got all my funds recovered after weeks of getting in touch with them… over $256,850 recovered after my trust wallet account was being hacked and manipulated. I was scammed twice before by fake recovery company who said they could help but didn’t. Demo account is found in the proprietary platform and is provided for life.

Lexatrade scam

Lexatrade offers multiple trading platforms suited to new and seasoned traders. You can choose from its proprietary web-based platform or MetaTrader 4 or mobile app. Also, you can check here the best forex trading signal providers that suit you. Additionally, they provide you full access to other lexatrade official site features such as free guaranteed stop loss, fixed spreads, negative balance protection, zero slippage, and no withdrawal fees. Lexatrade is said to be a leading online forex and CFD brokerage platform that provides access to the financial markets to traders from all parts of the world.

Golden Rules Stock Market Investors Should Always Follow

The price you see is the price your trade will be placed at, in most cases. Sure, there are some areas for improvement but these are relatively minor. It’s also great to see that Lexatrade is receptive to feedback so perhaps our suggestions could be taken into account. We found Lexatrade scammed by lexatrade to be a breath of fresh air and there was no doubt quite a lot to like about it. If you turn dealCancellation on, you have a certain period of time in order to cancel the trade should it go against you. This is usually an hour after the initial trade has been executed.

  • Although some other platforms do have something similar, our Lexatrade review believes that easyTrade is one of the better implementations of its type.
  • It is unfortunate that you feel this way since throughout your trading activity with us we supported you and provided you with any assistance required.
  • TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.
  • Lexatrade features competitive fixed dealing spreads, dealCancellation and easy risk management options.
  • Lexatrade has an entire section on its site dedicated to educational materials.
  • The number of awards they have won is proof of the quality of the service they offer.

Economic calendar and news are directly available on the platform. No download is necessary; the platform is accessible in a few clicks and works on any operating system. The easiest way to open an Lexatrade account is to click on the green button “Start Here”, which you will see in the upper right-hand corner of the site. Safety and regulation are important when choosing your broker, we always advise paying close attention to brokers regulations to ensure there are no nasty surprises down the line. Opinions expressed here are solely the author’s and have not been reviewed, approved or otherwise endorsed by reviewers. In Australia, the brokerage firm is regulated by the Australian Securities and Investments Commission . You will also need to provide documented proof of your address and identity before you can withdraw funds.

With this account, traders are allowed to take their day-trading transactions to the next day and they are not changed a rolling fee. No slippage – To stay in line with all high-quality brokers, Lexatrade has a no slippage condition which means that the price requested is the one executed for your trade. Well, if you are looking for a regulated broker with low spreads, great trading tech and a well established reputation then it is definitely worth lexatrade official site considering. Finally, that customer support was quite comprehensive and attentive. All of our questions were answered promptly and it really smoothed our review process. Finally, although Lexatrade is a global broker, there are still a number of countries and regions to where they do not supply their services. This is most likely due to local laws and regulations but Lexatrade could always apply for a new licence in one of these regions.

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Dov is a Blockchain and Forex trading enthusiast, who spends most of his time trading and examining software who are related to cryptocurrencies and forex trading. You can follow on Dov’s reviews and articles here on CoinRevolution and across the web. It is fully registered with the government and is regulated by CySEC. Lexatrade is currently a sponsor of the Spanish soccer club Real Betis, giving it a global image. Over the past few years, Lexatrade has handled transactions worth over $2 trillion and it continues to offer excellent services.

With their robust security measures, AML, and KYC policies, you can be confident that your information and money will be safe with Lexatrade. They also have a well-detailed terms and conditions page, where every aspect of their business is discussed. It also contains everything you need to know about trading on the platform. They are comprised of a highly efficient team who ensure that traders get the best services available at all times. Lexatrade is a registered company based in the Marshall Island, and they are regulated by CySEC .

Enhance Your Trading Experience With Lexatrade App

It could be a win-win for all as the traders can use a well known broker and Lexatrade and the broker gets more clients in other lucrative geos. If you prefer to download offline content to read later then there is an extensive range of eBooks. These are completely free and you can even download them now from their website. They cover everything from beginning trading principles to how to use the trading platforms. For example, you can do one touch easyTrades on the mobile app as well as Freezing the rate and Deal Cancellation. You also have some charting functionality although this is not nearly as effective as the web-based tradingview charts. If you are a day trader who uses high leverage, you will know how quickly markets can move even in a matter of milliseconds.

Lexatrade scam

Funds will be transferred to your bank account immediately after your request is approved. For bank wire transactions, it could take over 2 days for the money to reflect in your account. Keep in mind that the withdrawal of funds is not possible if you do not verify your account. You can do this by submitting relevant ID and proof of residency documents, according to the requirements of the platform. Verification is done to ensure the safety of your data and funds on the Lexatrade platform. This payment method is convenient in countries like China, where online and credit card payments are more restricted.

The support desk operates 24/5 and has different language support. Lexatrade core value is to simplify trading and its customer support and service is one-factor proof that it is easy and simple to reach their support team. 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. Traders seek an honest online broker that offers uncomplicated trading. Lexatrade claims to offer simple trading, honesty, and transparency to its clients.

As well as enjoying the same benefits as a standard account there are a few extras. This Lexatrade review gave you a closer look into business operations of one of the top Forex brokers and a type of services they offer to their clients. Based on the information provided here, you can see the company takes great care of their customers and offers a viable business environment. We conclude our Lexatrade review with the verdict that the broker keeps upgrading itself with innovative features and tools to reach the top of the ladder. Though there are always chances of improvement, we would say that Lexatrade is worth considering.

Lexatrade scam

In this sense, this brokerage one of the best, and that’s another reason I might recommend it to a beginner. Feedback is very important to us as it helps us improve our services and enhance the trading experience of our clients. You can reach their support through Facebook Messenger, WhatsApp, Viber, and Live Chat on their website. It is really convenient and we can say that it is easy to get in touch with Lexatrade’ support team with these chat options. 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.

Five Social Trading Platforms That Allow You To Copy Trade Experienced Traders

We have previously done a post that goes into the mechanics of options a bit more in-depth. This is perhaps one of the most important questions that anyone can ask about a broker. There are a number of things that we look for in order to determine this. Given how long this broker has been operating, they have been through some pretty tough market conditions such as the Swiss Franc in 2015 and the Brexit referendum. Since launching in 2001, the broker has racked up some pretty impressive stats. For example, they have completed over $2.92 trillion in USD volume, have executed over 56.3 million order and have served over 145,000 traders.

Lexatrade scam

You must provide your name, email, country of origin, and phone number. Then, you answer a few questions about your background and financial knowledge. Aside from MiFID, CySec, AFS, ASIC licensing, Lexatrade is also regulated by the BIV.

Lexatrade scam

There are numerous charting indicators, technical tools and studies that you can use on the platform. This is also a great defense against Man-in-the-Middle and other phishing attacks. And while we are on this point, you also need to make sure that whenever you are accessing the Lexatrade website that you see the SSL lock. The USD has surged to year highs above 97 on the index with EUR/USD falling sharply and USD/JPY moving higher with US interest rates.

This means the broker will do his best to close your transaction at the requested level, but if that isn’t possible you will assume the loss. A guaranteed stop means that – no matter the market conditions – the broker closes your order at the level of the stop loss. EasyTrade is another innovative feature of Lexatrade which helps traders with risk management.

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