LexaTrade leverage magnifies both profits and losses when trading. MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of currency pairs list Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices. Adaptive Divergence Convergence – Much like MACD however useful at shorter lengths and provides more timely signs.

LexaTrade broker reviews

LexaTrade does not charge a fee for inactive accounts. A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank.

Education Resources At LexaTrade

CFDs are leveraged products and can result in the loss of your capital. To start the process of opening an account with LexaTrade you can visit the LexaTrade trading platform here. Take time to look around the LexaTrade platforms and train yourself to think more systematically and logically about the markets. It’s a new skill-set for many, but it is what the market requires of you.

LexaTrade broker reviews

Withdrawing money from LexaTrade processing time varies depending on the method but averages 2-5 days. If you would like to see how LexaTrade stands up against other brokers you can read some of our LexaTrade comparisons below. We compare side by side some of our top rated LexaTrade versus comparisons. We tested communicating with LexaTrade support in multiple languages in multiple countries. LexaTrade where able to quickly resolve our customer issues. We sent messages to LexaTrade livechat through their app and website and recieved a response within 30 seconds.

Trader Education

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. index options 79% of retail investor accounts lose money when trading CFDs with this provider.

LexaTrade broker reviews

You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with LexaTrade.

LexaTrade Withdrawal Fees

You should consider whether you can afford to take the risk of losing your money. In the following LexaTrade review, we look at what trading options the platform has to offer, as well as appraising its user interface and various other features. We will also take a look at the enhanced security protocols that have established LexaTrade as one of the best crypto exchanges on the market.

  • Following regulatory approval by the European Central Bank and the CSSF in Luxembourg, the company was renamed LexaTrade Bank Europe SA and is now a fully owned entity of the LexaTrade Group.
  • This type of order might be filled with worse or better conditions than your requested price.
  • LexaTrades’s FX runs for 24 hours from Monday to Friday.
  • Most transactions are handled by LexaTrade the same day the broker receives them.
  • LexaTrade has an efficient onboarding process for clients plus multilingual support.
  • It has 12 advanced tools as well as 15 new indicators.

They have no extra account management fees or inactivity fees. One of my stock has been bought by another companie with a high premium. I was happy but LexaTrade told me my stock are valued at 0 € !!!

If LexaTrade receives the form more than three days after the date on the form, they will need to reject it for security reasons. Many of the interactions that clients complete with LexaTrade require filling out a form. As such, the broker has a page in its Support section with all the forms and documents clients may need.

There is a very wide range of funds available at LexaTrade, with around 13,000 mutual fundsfrom some340 fund service providers. The search functions are OK.You can find the assets in categories. However, categorization is a bit confusing as there are several forex categories. We also missed the usual search function when you can type in the asset names manually. LexaTrade’s desktop trading platform hasgreat customizability.It is easy to change the size and the position of the tabs. Depending on the asset categories, you can set plenty of advanced filter parameters, such as rating, sector, risk, analyst recommendation, market cap, etc.

For a trader to be able to execute various trades on the many trading instruments such as currencies, indices commodities, and CFDs, one will require an account. LexaTrade has many different account types under its wings to help you with this. These account types are the demo account, the standard account, and the corporate account. All clients receive access to an lexatrade broker reviews eBanking portal with a personal Swiss IBAN account number. Deposits can be made via wire transfer and debit/credit card but withdrawals can only be made via wire transfer. While the broker does not charge any fees, there may be third party fees for some deposit and withdrawal methods. There is also an inactivity account fee after six months of no trading activity.

There is a demo account and educational resources are acceptable. The company offers Trading, Forex and Robo-Advisory accounts. LexaTrade is a broker that you can trust with your capital, it is a regulated broker that also offers a full guarantee.

Markets, Products, And Instruments

There is no economic calendar, at least we didn’t find one. LexaTrade provides trading ideas based on a common theme. This is called Themes Trading and you can either cherry-pick assets from the thematic portfolios or trade them as a structured product. The search function is quite simple and lacks the advanced filters available on the web platform.

LexaTrade broker reviews

Take into account that the stock market is a world that is constantly changing and for this reason your strategies must adapt to the movements and innovations of the market. We recommend that you choose a broker that is your ally and that allows you to fully exploit your profits.

Fees For Commissions

In the app, you can access many of the tools of the PC platform such as dynamic graphics, price changes in real-time or trading portfolios. LexaTrade has a fee structure that can be fixed or according to the amount invested and they will also depend on the market where you operate. You trader will notice when trading that the fees are high compared to other brokers. For example, in the case of Capital.com, commercial fees are free. Number of asset classes they offer, such as crypto, forex, stocks, ETFs and bonds. Customer support is very important for most of our readers.

LexaTrade broker reviews

Despite offering a competitive pricing structure, LexaTrade employs varying pricing models between its Swiss and UK based entities. Clients trading with LexaTrade UK Limited may need to bear fewer charges and commission as compared to the traders having accounts with LexaTrade Bank Limited, Switzerland.

LexaTrade broker reviews

The broker’s volume-based decremental pricing plans offer lucrative earning potential to high volume traders. Newbies can open a virtually funded demo account with the broker to practice different trading strategies under lexatrade cheating live market conditions. Advanced risk management tools can be equally beneficial for both retail and institutional investors to diversify their risk exposure. LexaTrade is one of the Top 10 online Forex brokers globally.