Ask to get answers from the Lexatrade staff and other customers. Doing so will help you with a close follow up and could lead to you getting your money back if lost but most important it will help other innocent people stay safe and avoid this fraud.
Achieving perfection is always impossible as there always remains a little bit of room for a mistake. No matter how well a platform is, there are always some drawbacks for some users. So, the following are some of the cons that you must know about Lexatrade. If you take a look at the history of Lexatrade you will lexatrade rezension note that it has been enthusiastic towards the betterment of customers since its beginning in 2001. In this way, you can have that extra bit of time to decide if you are going to further wait or place the trade. This buffer for a few seconds can make the whole thing for you that was otherwise going to break.
Forex, Gold & Silver:
For example, the first deposit has to be a minimum of $100, and the bonus is for trading purposes only and cannot be withdrawn. It is important to keep in mind that you can lose more than you initially invested. Forex, CFDs and Crypto trading offer exciting opportunities, but one should also keep in mind that these opportunities are accompanied with an equally high level of risk. Leverage may increase both profit and losses, and impulse trading should be kept in check. Therefore, always have a pre-set amount that you are ready to speculate. Nonetheless, the resources available to traders, as well as the account perks on offer, are highly competitive.
The really cool thing about easyTrade is that unlike Binary options, it is fully ESMA compliant. This means that it is within the regulatory framework set out by the European agencies. When you trade with Lexatrade, the user interface is much the same as a binary option. You have the option to place a trade that is either long “up” or short “down” with a max potential loss as your premium. Easy Markets also gives you the opportunity to trade some of the FX assets forward. This means that you are not buying the spot rate but rather a forward rate on that currency. For those who don’t know, options are instruments that give the holder the right but not the obligation to buy or sell some asset in the future.
It cares about the digital environment in a way that it adapts to everything when necessary. This is the era of mobile phones and Lexatrade provides its mobile application for both iPhone users and Android users to make their trading experience excellent. For all newcomers, there is up to 50% available from a first-deposit bonus – up to $2,000 in tradeable bonus based on a new trader’s initial deposit amount.
It has fixed spreads for price transparency and all expert advisors are allowed. Also, no matter what type of order you place, Lexatrade guarantees no dealer intervention. Overall, this Lexatrade review consists of all the information that you need to know before trading.
Several Awards Make It One Of The Most Reliable Trading Platforms
Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. We look for specific features such as customizability and trading signals. Negative Balance Protection, dealCancellation, No Slippage, and double regulation. Some of these features are unique to Lexatrade, others are very rare; all in all a great collection of extra features. They don’t charge fees for opening an account, depositing, or withdrawing. Support was very fast to answer, very polite, and solved my query without running around the bush. First deposit bonus – Receive 50% or an up to $2000 tradable bonus based on your first deposit.
If you wanted to trade a larger array of physical crytpocurrency you could use the likes of Binance. Now, we did notice that these crypto spreads were a bit higher than on crypto derivative exchanges such as ByBit and PrimeXBT. However, the instruments on these crypto exchange are futures instruments that charge a commission . They have translated their website into 6 different languages in order to target the numerous different regions for potential traders. Although they do have large client coverage, there are a number of regions where they cannot accept clients from.
As a market maker, they are able to offer guaranteed stop losses and negative balance protection. They also offer fixed spreads, which are nice if you don’t like the added uncertainty of spreads spiking during times of volatility or low liquidity. Their spreads on anything but EURUSD and USDJPY, especially those on crosspairs, are steep.
The firm has proven over the years that it is unbeatable and has continued to diversify its products to cater to every trader. With this, all traders need is a smartphone and start trading when on the go – no to have an office to start trading.
Overall, we were satisfied during this Lexatrade review to see that customer support appears easily accessible, if needed. Finally, easyTrade is deemed to enhance risk management, but is available lexatrade reviews on just 20 assets and mirrors binary options trading. Easy Forex Trading LTD is the owner of Lexatrade, a broker authorized and regulated by the Cyprus Securities & Exchange Commission .
Good To Trade With Lexatrade
Unlike the inadequate research division, the educational segment does offer valuable content geared toward new traders. The Get Started segment offers seventeen videos with a solid introduction to the Forex market, while the Discovery Series adds three more videos, complementing a properly executed segment. The quality tapers off from here, however; traders may download nine eBooks, but the Knowledge Base is nothing more than an FAQ section. New traders may obtain a good introduction to Forex trading, but more in-depth material to serve advanced traders is unavailable. The educational segment offers potential, but the overall execution represents a failed opportunity for broker and traders alike. Lexatrade provides a dedicated division for research and education.
- New accounts are opened online, and the process is surprisingly short at Lexatrade.
- This one is usually used by traders that assume the price will reach a level and continue falling.
- The good news is that there are no fees charged by Lexatrade for either withdrawals or deposits.
- The availability of these assets, however, varies with the jurisdiction.
The lack of fees and ability to limit risk are two of the biggest selling points, not only for us but for their existing clients as well. So if you’re looking for a user-friendly platform to help you get into trading that also has room for growth, you need look no further than Lexatrade.
Our expert review of Lexatrade found a well-regulated forex broker with a strong reputation and track record. Lexatrade was founded in 2001 and values simplicity, honesty, and transparency. By providing low minimum deposits, competitive fees, multiple payment methods, and various account types, Lexatrade have achieved their goal of making trading accessible to all. The broker offers CFD, forwards, and options trading, as well as their own u fee-free product called easyTrade.
It is regulated by the Cyprus Securities and Exchange Commission in Europe and the Australian Securities and Exchange Commission in the Asian Pacific Region. Standard account – Minimum deposit of $100 USD and fixed spreads from 1.9 pips on the EUR/USD pair. Lexatrade can be a good choice of a broker in the industry, but other brokers can offer smaller deposit options with far better costs of trading. lexatrade reviews Open an account and trade with an Lexatrade demo account today, to test these services for yourself. Lexatrade is an award-winning forex and CFD broker which launched in 2001. It entered the market as the world’s first web-based trading platform and has since grown to serve traders from over 160 countries. While its main office is located in Limassol, they also have offices in Sydney and Shanghai.