Lexatrade Review Is It A Safe Broker Or Scam 2021 Update

Lexatrade also has a Zero Fee policy and will reimburse traders for any third-party fees charged up to 100 USD on deposits of over 5,000 USD. The third step requires choosing your trading account, preferred base currency (click here for more on Lexatrade’s base currencies), and level of leverage. Overall, Lexatrade is an excellent choice of broker for serious beginner traders and more experienced Metatrader users looking for a new broker. Legit brokers are known to offer at least the popular MetaTrader 4 trading platform. For new traders, if there is anyone you’re unsure about, feel free to post it here, and the more experienced traders in this forum can help to review them together. The platform of Lexatrade is dedicated to the development and success of the traders to the extent that the platform offers cash prizes in the form of rebates to the traders.

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It can only be done once the default language is changed on mobile. The platform is customizable and allows users to easily change the size and position of the tabs. Though, the platform has an outdated feel and isn’t the easiest to navigate. For example, adding an asset isn’t the most straightforward. In terms of market insights, Lexatrade has an in-house team that produces technical and fundamental analysis. Customers will also be able to watch webinars, videos and get all the latest new updates through its YouTube page. Lexatrade is considered a safe broker for South Africans as the broker is regulated with the FCA.

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However, traders need to maintain a minimum account balance of 50,000 USD, which puts it only within the reach of professional traders. The trading costs on the Pro Account are also highly competitive, and it only requires a minimum deposit of 100 USD. It should be noted that Lexatrade charges some of the lowest commissions in the industry – the commissions at most other brokers tend to be 7 USD per lot traded. The trader who invites a new user receives a commission interest from Lexatrade Group when the new user opens a professional trading account at the website and starts live trading.

Axitrader- Axitrader is an online trading platform that provides allow you to become a forex trader with the help of currency pairs, symbol and standard presentation, and leverage. XTB has low fees overall, although these vary by account type. For Standard Account holders, commissions are included in the spread for forex, indices, commodities, and cryptocurrencies, while fees for CFDs on stocks and ETFs start from 0.08% per lot.

Top Rated Forex Courses, Eas And Robots

Leverage is essentially capital that a trader borrows from a broker to increase potential returns. The Forex leverage size usually exceeds the invested capital by several times.

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We recommend Lexatrade for those who are interested in CFD and forex trading and are familiar with the MetaTrader trading platforms. We know lexatrade cheating it’s hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable?

You need to consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This account requires a 100 USD minimum deposit and is an entry-level account for professional traders. Tight variable spreads (starting at 0.00 pips pips) are available in exchange for a commission of USD 4 USD per lot. Note that the stop out and limit levels for Pro account users are zero. The mobile trading platform of Lexatrade is highly functional and especially beneficial to practice trading in the industry. It has an intuitive and user-friendly interface that provides easy access to the services and charting tools of Lexatrade. The user may download the mobile application of Lexatrade from the app store of Android, Windows, and iOS and sign in to the user-friendly platform to conduct mobile trading on the go.

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Lexatrade allows accessing the MetaTrader 4 platform for trading and investing in a broad range of asset classes. lexatrade reviews The multi-asset broker of MT 4 is ideally suited for trading in stocks, bonds, and forex base currencies.

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Not all brokers participate in awards, and therefore this aspect should be taken into consideration with the overall broker offering. As such, these awards are an indication of the broker’s overall level of performance, features and platforms at which they excel, and their general standing within the industry. The downside is that Lexatrade does not offer any stocks to its users.

Fees, Commission, And The Minimum Deposit At Lexatrade

The Lexatrade web trading platform has great customizability. You can easily change the size and the position of the tabs.

Besides, fee conditions always vary according to the regulatory rules authority impose and broker obliges to. Here we will check a brief of spreads and commission charges that are defined by the account type. Lexatrade is a heavily regulated Broker with good reputation, globally recognized and offering good trading conditions for Professional or regular size traders. Lexatrade has one of the best learning and research materials, and is great for EA trading. The broker offers a gainful welcome bonus of 30$ for the newcomers of the platform. Taking part on the offer will let you test the potential of dealing with the company with no risk for your own funds.

Spreads are important to us as traders and wide spread is a no no. This one review and many others began to change our mind. We continue our research and became more convinced with with Lexatrade.com. The platform is simple, practical, and easy to use with customizable tools that accommodate the creation of alerts, place orders, market charts, prices, and trade monitoring among others.

Lexatrade Reviews

The minimum deposit can vary depending on your region and the payment method. Lexatrade is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority in the United Kingdom. Lexatrade is considered safe because lexatrade cheating it is regulated by the top-tier FCA. Founded in 2014, Lexatrade is regulated in one tier-1 jurisdiction and two tier-2 jurisdictions, making it a safe broker (average-risk) for trading forex and CFDs. Lexatrade also competes well Professional Trading another category where Lexatrade finished Best in Class in 2021.

  • Customers will also be able to watch webinars, videos and get all the latest new updates through its YouTube page.
  • Traders should also keep in mind potential hidden fees that some brokers might charge, which include inactivity fees, monthly or quarterly minimums, and margin costs.
  • ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.
  • The time taken for a bank transfer may differ from a transfer through other methods.
  • Lexatrade clients are offered the opportunity of trading in more than 85 instruments that mostly include currency pairs along with stock, CFDs, bonds, precious metals, and indices.

To bring transparency to the forefront, we have publishedour review process that includes a detailed breakdown of the Lexatrade offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

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Please contact our Support team via email at to assist you with 30 USD bonus account information. Whether you are interested to have an account under Lexatrade UK, you may contact their support directly at to be assisted. We are open for the feedbacks, please feel free to reach out to with any further comments, concerns or suggestions you have so that we can make your experience a better one. Lexatrade does not interfere with the pricing of its Oil products. Lexatrade simply transmits the pricing coming from the Liquidity provider to its clients. She ends the live chat abruptly and doesn’t answer my questions. Please feel free to reach out to with any further comments, concerns or suggestions you have so that we can make your experience a better one.