The support staff seem knowledgeable, although some users have complained about the quality of support delivered through the live chat feature. All support options are available on the Lexatrade contact page. In addition to the above, an Islamic Account option is available too.
The following are the promotions currently being offered by Lexatrade. Has a host of advanced features in charting, drawing and analytical tools.
Total Scammer Service Use: Livelength Of Use: 3
It is the duty of the broker to ensure that appropriate fund safety and security measures are in place. As the fund investor, you must demand that this aspect of the trade is dealt with without delay. You cannot blindly trust your money to a broker, especially an unlicensed one. When you use unlicensed brokers, you are not only shorting yourself on funds management and security measures. Does Lexatrade have higher fees than the standard rates? If the broker is tricking you into paying more then you need to beware of the possible scam.
What you need to keep an eye on are trading fees, and non-trading fees. We ranked Lexatrade’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. Our goal is to be objective, simple and your first stop when researching for a new service to help you grow your business.
This account will let you trade as a demonstration using virtual cash in a simulated trading condition resembling the real trading conditions. The difference is that you will not be required to deposit any funds so no gain neither any losses incurred while trading. It is, therefore, of utmost importance that you understand how CFDs work and whether you can afford to take the risk to let their accounts lose money. It is always advisable to risk capital as per your high risk capacity to lose money, budget, and trading experience. Therefore, we will give a green signal to this broker. It is a sensible and trustworthy platform where one can invest money and trade. Please do not consider this as investment advice or an investment recommendation.
It is not really structured, so finding the relevant news is not easy. When you click on a headline, it shows only a link to investing.com. On the negative side, the design is outdated and some features are hard to use. For example, it was hard to figure out how to remove an indicator from the chart. We also liked the Autochartist tool, which gives trading ideas based on recognized chart patterns. Lexatrade has a handful ‘experts’ who publish daily blog-like posts that explain and comment on market events.
Do I Have To Verify My Account With Lexatrade?
A trading platform should be user-friendly and flexible. Several chart settings for the technical analysis are adjustable.
There is also a great glossary as well as a demo account where you can practice trading and familiarize yourself with the platform. Lexatrade’s currency pair selection is fairly average compared with the rest of the market. Beyond that, you can also trade CFDs on some stock indices, commodities, government bonds and cryptos. Lexatrade offers MetaTrader 4 as a desktop trading platform. Similarly to the web trading platform, Lexatrade provides only one-step login.
Lexatrade Review Mobile Trading Platform
Lexatrade is an online FX/CFD provider, launched in 2014, which currently offers services in an impressive number of countries as a fully regulated brokerage. It currently has a total of + registered accounts with + customers satisfied with its services and platform. Over the many years, it’s been operational, this broker has lexatrade scam managed to trade more than $215Million and has 150+ employees spread all over the world. TheForex broker Lexatradeis a startup, rapidly growing company with all chances for the leadership among its competitors. Their website offers all the necessary features like trading tools, a news section, and educational resources.
- Besides, Lexatrade now grows to Asia region as well and establishes its entity to cover the proposal.
- A peek into Lexatrade customer comments and reviews will encourage you to deal with this credible brokers.
- The information and videos are not an investment recommendation and serve to clarify the market mechanisms.
- Recovering investments or money from a binary option scam could prove difficult especially when you consult the wrong expertise.
- Amala is custom content and news editor based in London.
We’re here to help guide you through this murky territory. We reached out to Lexatrade, but at the time of our update, it is unknown which countries are under FSCA and LFSA authority. We provide answers to all the questions in this Lexatrade review. Withdrawals are processed within one working day and no commissions are charged on any of the supported payment methods. OctaFX is considered high-risk, with an overall Trust Score of 61 out of 99. OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by zero tier-1 regulators , one tier-2 regulator , and zero tier-3 regulators .
It offers trading services such as Forex, Indices, Commodities, Bonds, CFDs on the MetaTrader4 trading platform in more than 80 markets. Before you invest and start to make money on any platform, trust is a key factor. Therefore, you should definitely have a look at this screenshot before we move further with this Lexatrade review.
Access Some Of The Mostpopular Instrumentson The Market
Individual shares cannot be traded on this broker, so here’s a small smear in the rating that must be made. Lexatrade insures client funds separately from corporate funds to manage. For this purpose, the Barclays Bank is used, which operates internationally and is always liquid. In addition, client funds will be protected in the unlikely event of a bankruptcy or financial dilemma of Lexatrade with the Financial Services Compensation Scheme of up to £ 85,000. This is a very high value compared to other brokers, which usually have no deposit guarantee or a smaller one. On the plus side, we liked Lexatrade’s low forex fees. Account opening is seamless and there are many free deposit/withdrawal options.
In addition, Lexatrade offers education material and webinars for its clients. In lexatrade scammers addition, use free indicators, which are adjustable for your personal strategy.
Today the company, despite of being yet a very startup, is a technology-packed ECN-broker created by traders for traders, lexatrade forex brokers reviews making online trading gainful and comfortable. Lexatrade offers the MT4 and MT4 WebTrader trading currency platforms.
Also, Lexatrade offers leverage trading, which lets clients maximize profits by borrowing funds. I contacted several lawyers but it was all waste of time and money, they couldn’t render an inch of help. You can contact the expert on ethicalrevolutionhacker.strikingly. Com if you have found yourself in same situation as me, I can assure he would be able to help you just as he helped me, you can give him a try if you don’t mind. The brokerage has gone overboard in this regard — it offers no three trading account types. On top of that, high volume traders are treated preferentially — provided they do indeed fulfil the required conditions.