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The picture below gives an outward appearance of what to expect on the blog. These accounts also don’t have a minimum deposit requirement and caters to micro-traders as well. This trading platform is also relatively faster in terms of order execution compared to other accounts. This is a special feature that enables institutions and well-developed traders who have lots of securities to access their liquidity provider directly.
Lexatrade also provides traders with high leverage. As you may or may not know, high leverage can amplify your gains—if the trade goes well. I’ve used all of the support features multiple times and I would definitely say that the email function is the most useful. The live chat function will normally just put your request through to the right person, unless it’s a fairly easy request that can be fixed by the agent. If you have any issues during this account set up process, the 24/7 live chat support are on hand to help you in any way needed. There are 10 base currencies available for traders accounts.
From the results we can see that the majority of the trades are executed in between 300 and 450 ms and only 541 (5.58%) trades were executed for more than 450ms. lexatrade courses scam So for this test we can say that we have good consistent executuin. Read through our best broker listings compared based on our 10+ ranking criteria.
Fast Broker With Little Spreads + Super Fast Support! Service Use: Livelength Of Use: Over 1 Year
Of course, you’d like to know whether Lexatrade is a scam or a worthy experienced company. Emily has written for us for 2 years, and with an education and career in economics, markets are something she understands. Working as a consultant for various financial institutions gives Emily the ability to devote a certain amount of her time to the site. Overall, Lexatrade’ market analysis section is good, but it could improve its market analysis materials by providing more comprehensive and multi-format content.
Make sure that you know first how trading works and have already mastered some basic trading strategies to minimize the risk of losing your hard-earned money. Secondly, given that this is an ECN account, you have significant market risk that you cannot mitigate. For example, Lexatrade does not offer negative balance protection or any sort of guaranteed stops. The MT4 and MT5 mobile apps are perhaps some of the most popular trading application in existence today. For example, the former has been downloaded 10m+ times and the latter has been downloaded 1m+. This has an updated user interface and has some new features. For example, you can view the order book depth charts.
- You will have an opportunity to enter the Lexatrade-Live server.
- It is very expensive to trade with this broker.
- CTrader is available for use on desktop, smartphone (android/iOS), and many other devices.
- We traded the popular instrument in each market to identify the actual spreads and placed 12 trades in total.
- Lexatrade offers 20 exclusive trading tools that are available on the MT4 platform.
But our Lexatrade review of the site approves the legitimacy of the platform and affirms that it is quite safe for making investments and trades. Since Lexatrade is licensed by the ASIC, traders can rest assured of the safety of their assets.
Best Fx Broker Service Use: Livelength Of Use: Over 1 Year
In conclusion, there is much to like about this broker. While a wise choice for the more discerning trader, due to the selection of platforms, trading charts and tools, it is suitable for all. It could be viewed as busy and harder to use for the new trader because of the amount of information available. Costs can include currency conversion and card transaction charges. Choose to deposit funds in one of 10 base currencies which will save money on conversions. Funds can only be withdrawn to an account in your name and using a credit card will take three business days.
They will never let you withdraw your money. Although they’ve got me on their demo account which really shows excellent results, I regret trading with them because actual trades are not good at all.
The Meta Trader Platform
The web-version of Lexatrade trading platform is a bit rough around the edges and lacks a modern design and the intuitiveness commonly seen in today’s top-notch trading interfaces. However, the interface can be customized to a high degree. Let us talk about some advantages of the trading platform in our Lexatrade review. As has been mentioned above, you can choose a type of account that will be suitable just for you on MC Markets. If you are new to this platform and sphere, you might be struggling with deciding which one is good for you.
Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page. For beginners, there are analyzes and video tutorials for the platform. Sometimes well-known guests are invited for webinars.
Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.
The safety of your trade is therefore guaranteed due to the fact that this broker is regulated by these two financial authorities. Lexatrade also lets you link your MT4 account up to third party trade copying services. This will allow you to follow the signals and trading strategies of other successful traders. Lexatrade offers a number of different tools that can either enhance your trading experience or that of your account manager .
Offers pips as low as 0.0 through the broker’s Raw Spread Connectivity . Yet if you have the right credentials, Lexatrade has a lot to offer. Should you trust Lexatrade with your hard-earned scratch? For those eligible, Lexatrade has a lot to offer. What does China have to do with it, you might be wondering?
Traded with them only for a month, I closed the account because I got back to back losses. Services and signals are equally excellent. I never had any problem trading with them, will definitely recommend this broker. They have so many technical terms that I can’t understand. Not my ideal broker, they are not available almost all of the time.
Be very vigilant, avoid this tradng company. They lexatrade courses scam are scammers and not legit trading brokers.
The app is for the iPhone, iPad or iPod touch devices that run on iOS 7 or later versions. Here are the trading platforms offered to clients by Lexatrade. lexatrade official site On the whole, Lexatrade provides an extensive number of trading tools compared to most other brokers, which should keep most traders satisfied.
As a following topic of the Lexatrade review, we want to talk about a mobile trading app that was introduced by Lexatrade with integrated trading robots. Lexatrade has not only a website but also an app for trading. Lexatrade mobile platform can be used by people with phones on Android and IOS. The particular service for mobile Forex trading is MetaTrader.