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LexaTrade has definitely gained momentum in the last five years. There are some very positive aspects of the broker, such as the availability of the MT4 trading platform as well as the education and resources section of the website. The broker has succeeded to acquire the needed regulation and STP/NDD connection to liquidity providers that removes the conflict of interest and offers traders better spreads and commissions. A multi-award-winning broker online forex and financial markets broker, LexaTrade allows traders to buy and sell multiple asset classes as CFDs using the MT4 trading platform. The LexaTrade brand is also regulated in multiple jurisdictions. Based in London, UK, AT Global Markets Limited is a leading online trading services provider, regulated by the Financial Conduct Authority in the UK. Led by an experienced, skilled management team, the company has an international presence.
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Alejandro Zambrano, the site’s Global Chief Market Strategist, presents a webinar each day that addresses the current trends and states of particular financial markets. LexaTrade UK does not accept any third-party payments, and deposits must be from the client’s personal account. The user’s bank account must be fully verified before a withdrawal can be made. lexatrade rezension All funds are returned to the original payment source that was used to make the deposit. Clients using non-UK debit or credit cards may be charged a fee by their provider, although that can be refunded to the client’s trading account upon receipt of proof of charges. Users can deposit funds, using debit or credit cards, E-wallet, or bank transfer.
The spot indices on LexaTrade have low margin requirements and low spreads. There is access to 1-to-1 customer support https://lexatrade.vip/en/ 24/5 plus tight spreads and no commissions. LexaTrade strives to always offer the broadest possible range of FX pairs.
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It requires a deposit of $10,000 and offers a minimum spread on the benchmark EUR/USD currency pair of 0.0 pips. Like the Edge account, this one does charge commission, but also various advantages, including access to Premium education and resources. The trading platform provides its clients with the ability to trade a range of assets via the company’s user-friendly platform that supports MetaTrader 4 software. LexaTrade offers competitive pricing to its clients and provides a state-of-the-art client portal that is protected by leading encryption security systems. It is currently amongst the most popular and well-reputed platforms on the market, with over 80% of all reliable brokers using it. The Standard Account offers EURUSD spreads from 1.2 pips with no commissions.
They start from 0.6 pips but they vary depending on the asset you are interested in. The spread on EUR/USD starts from 0.6 pips and for the forex majors, the minimum spread does not go over 0.8 pips. As for the forex minors, the minimum spread starts from 0.9 on pairs such as CAD/JPY and AUD/NZD and goes up to 2.8 for the GBP/NZD pair. For the exotics, the minimum spread starts from 10 pips for the EUR/HUF pair and goes up to 128 for USD/RUB. LexaTrade offers a decent variety of trading products for you to choose from compared to other forex and CFD brokers such as Coinbase and Plus500. There are over 80 assets you can choose from, including stocks, forex, and indices.
The four retail accounts offer plenty of choice for individual traders. For traders who meet the right criteria the broker also offers a professional account. This account allows trading on all instruments with higher leverage. You must qualify as an elective professional, and evidence will be required when applying. The professional account does not, however, offer negative balance protection, as the retail accounts do. When you choose to spread bet with LexaTrade, there is no UK stamp duty or capital gains tax. There are also no commissions and spreads are competitive, starting at just 0.6 pips.
Trading Terms
Commission payments are instant without hidden charges or fees. In addition to the daily market reports, LexaTrade also offers Fundamental Commentary. You will find articles related to fundamental moves, upcoming events in the economic calendar, and advanced economic indicators. They are also available for download in the Analysis section of LexaTrade. They include a number of older reports so you can view historic information.
LexaTrade UK operates a “no dealing desk” policy, reducing broker intervention and improving the transparency of trading conditions and the trading environment. Several forms of cryptocurrency CFDs are available, and the site also supports the trading of 50 major shares CFDs from Germany and the US. Visit our brokers page for a full list of brokers for your region.
You can read all our reviews of more than 500 online brokers, or you can just try a couple of the popular brokers. Always verify that your broker is licensed by your local financial regulator (i.e. FCA United Kingdom). AT Global Markets Limited is licensed and regulated by the FCA . LexaTrade is an international Forex broker, that has been licensed and regulated by FCA since 2017. The charting features of MT4 are well known, and in LexaTrade’s version, all these features are supported.
- Being based out of Cyprus, the LexaTrade broker falls under the regulation of the Cyprus Securities and Exchange Commission and is licensed by them under number 285/15.
- LexaTradeGM.eu is the property of the above mentioned LexaTrade Global Markets Ltd.
- Yes, LexaTrade is regulated and licensed by the Financial Conduct Authority.
- While the Web Trader is a simpler version of the full MT4 platform, it does offer full market coverage, one-click trading and advanced charting features.
- The goal of LexaTrade is to deliver the best possible trading experience.
- In addition to the regulation, LexaTrade complies with MiFID, the Directive on Markets in Financial Instruments.
LexaTrade accepts clients from all over the world.There are a few notable exceptions though, such as Japan, France or Canada. LexaTrade forex fees are low, beating those of its closest competitors for all currency pairs. The costs for both stock index CFDs and stock CFDs are built into the spreads. To have a clear overview of LexaTrade, let’s start with the trading fees. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. We ranked LexaTrade’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.
LexaTrade Customer Support
These regulations allow LexaTrade to legally operate in many countries and therefor the brokerage offers their services in 11 different languages to accommodate their international clients. LexaTrade appears to be a great online trading brokerage, but what makes them so great? In the following review we’ll delve deep into the aspects that make up this online trading brokerage and see what sets LexaTrade apart from the competition and whether or not they can be trusted.
Category includes options such as central banks, balance, economic activity, inflation, bonds, and more. Or you can search for a specific event by name by clicking on the Filters. If you want to insert a chart indicator, visit the top menu on the platform. Alternatively, you can go to Navigation and select Indicators. The use of Expert Advisors allows for automated trading strategies.
Unfortunately, adept traders might find the MT4 trading platform standard and lacking advanced trading functionalities and tools. Though the platform is highly customizable, the interface is a bit outdated and needs upgrading. LexaTrade provides traders access to a basketful of asset classes including CFDs on forex , CFDs on indices , CFDs on commodities , CFDs on shares , and CFDs on cryptocurrencies . LexaTrade reaches not only to retail traders but also to institutional investors.
2 types of account are offered by LexaTrade, Standard account with minimum deposit $100 and a more advanced EDGE Account for the more experienced traders with minimum deposit of $5,000. LexaTrade as a trading company is also approved by the UK’s Financial Conduct Authority, further solidifying its legal standing eur usd and regulatory strength. LexaTrade also provides protection against broker bankruptcy or insolvency for EU clients of up to €20,000 thanks to the Investor Compensation Fund program. LexaTrade was initially established in 2017 as a liquidity provider for a vast selection of institutional clients.
LexaTrade Overview
LexaTrade clients can only receive customer support via email, and telephone 24 hours a day, 5 days a week. While this is a rather lexatrade forex brokers reviews limited number of support options compared with some major brokers, the support via these methods are of high quality.
As an FCA regulated company, LexaTrade segregates client money, separate from its own funds. In addition, LexaTrade retail clients are afforded protection by the FSCS up to broker GBP 50,000. For starters, we have the LexaTrade Demo Account, which gives traders a risk-free way to put the trading platforms and trading conditions to the test.
LexaTrade UK offers mobile trading platforms that are versions of MetaTrader 4. Users can download an app for either Apple or Android devices, enabling on-the-go trading. Market orders are forwarded to the market, and then executed at the market’s tradeable price. After execution, information regarding transactions is sent to the MT4 platform. The execution price is influenced by the liquidity from banks and whether that is sufficient.
Instrumen Trading
LexaTrade.com offers over 40 forex currency pairs, cfds, commodities, shares, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options. Trading Central is a popular software that many brokers offer https://lexatrade.vip/en/ their clients. Investors use their trade alerts to come up with new investment ideas. Many stock market investors use a website like StockTwits for trade ideas. Our review of LexaTrade shows, that clients are given the classic MT4 trading platform.