Both of these trading platforms were developed by Metaquote Software Ltd and they are considered to be the best on the market of Forex trading. The very first thing we must say about LexaTrade broker – in order dispel all kinds of doubt – is that it is owned by a real Swiss-based bank institution. As to the history of LexaTrade Forex trading platform, it began back in 2000 and since then, this huge brokerage unit has succeeded to advance with a huge speed among the entire financial world. Unfortunately, LexaTrade only supports e-banking and credit/debit cards. Processing times vary, and there is a fee ranging between 2.2% and 2.5% for the use of credit/debit cards. Deposits and withdrawals offerings represent a distinct weakness at LexaTrade, which fails to provide clients the freedom and cost efficiencies of modern online payment providers. Clients also have no option to keep their trading activities separate from their day-to-day banking needs.

It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss. Andorid mobile devices and tablets are used by millions lexatrade courses scam of people globally. You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee.

There are LexaTrade four different trading accounts optimized according to the trader type and can be either private or B2B accounts. While here in LexaTrade review we will more cover retail or private trading account for a business account you can check the official website. As a market maker, LexaTrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have lexatrade forex broker larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades. Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have. If a clients trading account does not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Trading on the financial markets with LexaTrade is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. LexaTradeoffer a good selection of educational resources. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk. MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

LexaTrade forex broker

It does show 13% of orders receiving negative slippage, but the broad trading environment minus trading costs remain among the best. LexaTrade also provides the FIX API for clients with custom trading solutions, but a minimum deposit of $50,000 is required to access that. While LexaTrade, as a group, notes more than 3,000,000 assets, the Forex division grants traders access to 78 currency pairs and 45 Forex options. It also maintains 23 commodities, 26 index CFDs, and three bond CFDs. Twelve cryptocurrency assets are available but are not listed in the Forex Product Guide.

LexaTrade Fees

It offers diverse trading platforms integrated with robo-advisory and APIs. It is the beginning of the third quarter of the year, which means it’s time for the quarterly reports with the unprofitability percentage from the forex brokers. Most of the brokers have already updated their risk warnings stating the loss percentage, although some of them are yet to add their values on the websites. LexaTrade as a leading online Swiss bank and broker looking to diversify its portfolio by adding an opportunity to trade FX Vanilla Options. Newly added LexaTrade options are available for 45 currency pairs that offer individual trading strategies together with expiry dates tailored to days or even one year. Between 74-89% of retail investor accounts lose money when trading CFDs.

LexaTrade Bank Ltd is based in Switzerlandand regulated by FINMA, the Swiss financial regulator. If you are a client here, you get CHF 100,000 investor protection per account. LexaTrade Bank Europe SA provides CFD and forex trading. So if you would like to trade currencies, be sure to open a ‘Forex account’. After the application, you’ll be at LexaTrade Bank Europe SA.

LexaTrade forex broker

Learn more 67% of retail investor accounts lose money when trading CFDs with this provider. A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds. The deposit limits are as stipulated for the various account types. Deposits via credit or debit cards will only be accepted by MIG Bank if the name on the account matches the name on the credit card. The advanced trader platform is a platform that has been designed for professional traders and has the following features.

Traders Reviews

It has two main entities, one in the UK and one in Switzerland. If you open an account at the London-based entity you can trade forex and CFDs, while the Swiss entity gives you access to assets ranging from stocks to investments strategy options. LexaTrade offers many different products, with almost everything available, from stocks to options. LexaTrade also has awide selection of available marketsand an exceptionally broad range of mutual funds.

LexaTrade forex broker

Trading on margin basically means that you borrow money from your broker and can purchase more shares than you could with just the available cash in your account. You have to pay interest on this borrowed money – the interest rate is called the margin rate. It can account for a significant portion of your trading costs. In the sections below, you will find the most relevant fees of LexaTrade for each asset class. For example, in the case of stock investing the most important fees are commissions.

LexaTrade Withdrawal Fees

The platform included several unique features like pattern recognition, complex order types and integrated news feeds. The Swiss based forex platforms fall under Switzerland’s FINMA regulatory authority. The fact that the platforms are part of a larger group means they are also well capitalised and subject to more scrutiny. The retail focussed UK site has a small focussed range of products ideally suited to newbie traders. This includes the 4 major currency pairs and 8 minor and emerging currency pairs. LexaTrade offers quite a few different platforms, each of which has different conditions regarding order execution and stops out levels.

  • The company, LexaTrade as has been earlier indicated is part of the LexaTrade companies that also have interests in the banking sector.
  • We sent messages to LexaTrade livechat through their app and website and recieved a response within 30 seconds.
  • With LexaTrade you can trade with financial instruments such as stocks, funds, options, futures, CFDs and Forex.
  • This helps to ensure that traders are offered trade execution at the best possible prices at the best possible execution speeds.
  • Besides the MT4/MT5 trading platforms, LexaTrade also deploys a proprietary webtrader.
  • The cashback can be then withdrawn with the available options in the withdrawal page.

If a broker has a requirement for upto $100, the score here is a perfect 10, as most people can afford to invest. However, if a broker charges upto $500, it still scores a healthy 8 because most of our readers believe they can invest $500 to try out a broker’s services. However, as the minimum initial deposit requirements stock market rise above $500 most of our readers feel a bit hesitant to try out a broker due to which the score decreases. Choose the number of trades you want to execute over one year and automatically benefit from its special conditions for active traders. Also, you may order the «Flat Fee Trades» directly in your account.

The UK site also conforms to the new ESMA regulations which means positions are automatically stopped out at certain loss levels. Clients must make sure they are aware of the conditions investments for each platform. In September 2013, LexaTrade secured a place in the international market by acquiring and merging with MIG Bank, a company specialising in Forex.

How Do You Withdraw Money From LexaTrade?

In MT5 charts, they give you only couple of days of data on futures cfd’s. Plus some other details about their website, complicated system and interface, that I don’t want to go into detail here. Before I had even finished opening my account I had a very rude phone call from a man trying to get me to finish opening my account or something. The Learning Centre includes videos, eBooks and tutorials on the different types of products, the platforms, and technical analysis. LexaTrade’s customer support is available via email, phone, live chat and call back. Local numbers are available for most European countries.

LexaTrade forex broker

In my case their response to my email with very specific basic questions about their product was can I contact you on Monday on the phone to discuss your specific needs? I didn’t respond to that email, but nobody called on Monday, so my query is unresolved, probably forever, because I will not bother to contact them again.

Cfds

Although the majority of products are commission-free, FX Options and Forwards do have a commission. A screenshot of the LexaTrade Advanced Trader web platform is shown below and is covered in more detail in the video review. LexaTrade Bank’s parent company, LexaTrade Group Holdings Ltd, is listed on the SIX Swiss Exchange , thus providing a high level of transparency and oversight. They are not necessarily comprehensive and their accuracy cannot be assured.

LexaTrade forex broker

Please note you can use the same methods in the case of withdrawing money from your LexaTrade account. Also when you trade stocks, ETFs, mutual funds, bonds, options and futures you can use the account with CHF, EUR and USD. This account will allow you to trade with more than 130 currency pairs and CFDs. Also, this type of account allows you to use complementary platforms to the LexaTrade platform, such as MT4, MT5 and Advanced Trader. MT4MT5Advanced traderThe MT4 platform is available on the web, mobile in Android and IOS, and desktop versions for easy accessibility in Windows and Mac OS. It offers automated trading. LexaTrades’s FX runs for 24 hours from Monday to Friday. It provides clients with 75+ currency pairs for competitive spreads and low margin rates.

LexaTrade forex broker

LexaTrade offers you a referral program with which you can make some extra money. Recommend LexaTrade and earn cash bonuses of up to 400 CHF per referral. Good online and desktop platforms combined with a not-so-great mobile app let LexaTrade get a high score, but not excellent. A downside of operating within the LexaTrade platform is that you will have to wait a long time compared to other brokers. You will be able to access a great variety of financial instruments.

It’s suitable for you if you don’t want to manage your investments on your own or simply need to gain some confidence in investing. LexaTrade Bank provides 80 currency pairs.This is a high number, although not as high as at Saxo Bank. You can trade with a decent number of ETFs, though not as many as its main competitors offer.