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A few years ago, several euros were needed to open a position. Nowadays you pay only a few cents or a small percentage of the position size.
They replied within one hour, which is extremely fast compared to other brokers. All in all – be careful, as there’s a high risk of losing money here.
An account inactivity fee is a fee charged to the registered brokerage client. We have checked and LexaTrade is regulated and supervised by reputable organisations. You are able to check every LexaTrade supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with LexaTrade. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client’s investment in the event the broker becomes insolvent. Having any money you deposit with LexaTrade means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if LexaTrade goes out of business for some reason. The platform is great for beginners without any trading experience.
In all honesty, while there are some great features surrounding the platform, I must say – there are far, far better crypto trading sites out there. If you’re a true crypto enthusiast, then you’ll likely agree with the user LexaTrade reviews that talk about the benefits of owning some crypto, and being part of the community. On the flip side, though, owning cryptocurrency can be of a pretty high-maintenance task – you need a proper wallet, have to take care of some security aspects, find a place to store your codes, and so on. While this is one of the more obvious aspects of the platform in question, it’s still something that needs to be mentioned in this LexaTrade crypto review.
Company Information
As for the LexaTrade risks which mainly considered what type of strategy you deploy as well as leverage you use, as while trading your capital is at risk and retail investor accounts lose money. However, they lack the latest trading tools and features and offer just the basics. Also, copy trading is not provided, which are offered by several brokers in the market currently. According to lexatrade scammers, it offers trading instruments with their CFD and forex services, which include cryptocurrencies, indices, shares, options, commodities, and ETFs. You will need a fast trading platform with rapid trade execution if you plan to earn a huge amount of money trading digital currency. Because the industry is constantly changing, a very fast, competent, and efficient platform is required. When it comes to today’s trading technology and advances, the Versatile Trading Platform LexaTrade is one of the best options available on the market.
Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Investing online can be just as risky as any other kind of offline investment.
User Reviews For LexaTrade
Forex fees based on spread only with no commission too, as this type of fees allows simplicity of the calculation and is the best suitable option for many traders despite the strategy. We will see LexaTrade spread breakdown below, while Forex fees considered to be average level.
Investors should note that LexaTrade have a lot of people they will use to induce those that want to invest to deposit more. They don’t base their stock by the real market but say different sources. Which sources the only one that will end your investment. The MT4 platform can also be downloaded on your mobile phone.
Lack Of Cryptocurrency Variety
LexaTrade does not offer variety of live trading accounts like so many other CFD providers. LexaTrade’s trading fees is low, and they lexatrade broker reviews don’t charge any fees on deposits or withdrawals. But they charge some fees for inactivity; if you don’t login to your account.
Furthermore, such information may be quickly sorted by the areas and publications that are most important to your investing objectives. As a result, you would not have to spend time on news which you don’t need. Their trading fees is also quite low in comparison with other platforms, with no fees on deposits or withdrawals.
LexaTrade User Experience
I have started trading for 6 months and they pay my earning. Not just myself, but a group oof more than 10 friends have all been trading with this website. I had absolutely stock exchange NO PROBLEMS. I deposited and withdrew money without any problems, and even my friends. When I sent an e-mail, I received response within a reasonable time limit.
The dynamic charts can be expanded to full-screen mode to provide more clarity during the analytical process. Clients can also deposit and withdraw money from within the mobile app.
Circumstances differ depending on the trade and the markets. A stop-loss order is an order placed with a broker like LexaTrade to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position. Be aware that Different entities under LexaTrade Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.
Additional Special Features Of The Trading Platform
However, you have to make some small cuts in support, because there is no contact person by phone. Experience shows that LexaTrade support offers very good help for the correct operation of the trading platform. Unfortunately, there is no additional service like webinars or coaching.
LexaTrade withdrawal fee is $0, yet you should set request to withdraw more than a set minimum amount of 100$ and up to five per month times. LexaTrade Overnight fee or overnight funding is applicable to those positions that are referred to be a long position, which is held a certain time and longer than a day. The fee is subtracted from the account on a percentage basis and also defined by each instrument particularly. So step by step process of opening requires you to follow the LexaTrade sign-in link where you will be guided through a quite simple process of opening step by step.
Since they insist on keeping the client’s money safe in a separate account, the trader need not worry about the safety of the account. Besides, the trader can try this trading platform risk-free by using a free demo account. If you are comfortable with the trading broker, you can proceed with signing up and start live trading. LexaTrade is for the individual or entity that seeks access to a wide range of financial markets with low trading costs and a simple, functional platform on which to place their trades.
- LexaTrade considered secure not a scam due to its eligible status to offer Contracts for Difference CFD trading and various underlying products through the application of the strictest guidelines.
- In the order screen you can enter the amount you want to trade with.
- While there is no option to contact customer services via telephone, there is a convenient FAQs page featuring a wide range of relevant answers and information to the most commonly asked questions.
- There is also a really insightful news and insight section on the LexaTrade website.
- The company is headquartered in Israel but regulated by the financial authorities in the UK.
- Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources.
CFDs are complicated instruments and accompany a high danger of losing money quickly because of leverage. Before proceeding, one should think about whether they are ready to take the risk of losing funds or not. Brokers on LexaTrade are not given various choices with regards to executing their trades. They can place and screen their trades physically on LexaTrade’s web-based or mobile trading platform.
