The forex and CFD broker provides more than 160 instruments on its award-winning broker platforms, including MT4, MT5, and a proprietary platform with more than 330,000 users worldwide. The company, Lexatrade as has been earlier indicated is part of the Lexatrade companies that also have interests in the banking sector.
The Learning Centre includes videos, eBooks and tutorials on the different types of products, the platforms, and technical analysis. Lexatrade offers quite a few different platforms, each of which has different conditions regarding order execution and stops out levels. The UK site also conforms to the new ESMA regulations which means positions are automatically stopped out at certain loss levels. Clients must make sure they are aware of the conditions for each platform. Next in our Lexatrade exchange review, we look at the platform’s approach to processing payments, deposits and withdrawals. If you are looking for a reliable broker, leader in the Swiss market that offers a great variety of financial products from the Swiss and European markets, Lexatrades can be a good option. Although Lexatrade offers you a demo account, the broker loses points in this category because the educational content is very limited.
Lexatrade Review Faq
Keeping in view all the safety measures the company employs to protect clients’ financial and confidential data, I can say Lexatrade is a trustworthy broker. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Their site is easy to navigate, and all of the information you need is easy to find, which in itself is a huge plus.
Beginners will appreciate the trading opportunities from the Autochartist plug-in. These include the automated trade alerts featuring quality scores so you can make a decision. It also provides education via the Trading Community Tab, Market Reports, and Webinars. The Mini Terminal is also highly convenient for efficient management of positions. The features in the Mini Terminal help with risk and order management. This is done via integrated calculators for margin and lot-size and preset trailing stops, take-profits, and stop-loss.
As the platform is part of a bricks-and-mortar bank, there are numerous options for getting in touch, including by post, telephone and email. However, the most efficient way is to use the Live Chat button in the bottom right corner of the website. This will connect you to the Lexatrade support team in minutes. Support is available in English, German, Italian, or Spanish, reflecting Lexatrades global appeal. The only downside to the customer support service is that it is only available on business days – though the chat is manned 24 hours a day monday to friday. Lexatrade provides mainly range of online trading services, yet the user-friendly platform also offers solutions for eForex, ePrivate Banking, eMortgage and flexible saving accounts.
What Can I Trade?
Lexatrade Bank does not offer trading on ECN accounts and does not provide currency trading for the United States citizens. There are sections of videos on the introduction to forex and CFDs.
Trading on margin basically means that you borrow money from your broker so you can purchase more shares than you could with just the available cash in your account. You have to pay interest on this borrowed money – the interest rate is called the margin rate. It can account for a significant portion of your trading costs. To have a clear overview of Lexatrade, let’s start with trading fees. The mobile trader is superb alternative for you, if you are willing to trade via your smartphone or through your tablet. Besides, the robo-advisory operates the section solving and answering most customers’ problems and issues before contacting customer care.
Nevertheless, we have forwarded your message to the responsible team and you will be contacted as soon as possible. I’m writing a review because their service is unacceptable. I am waiting for 14 days now for a crypto transfer, they are stalling, not releasing my money. I wrote several messages in the app, they were all ignored.
Portfolio And Fee Reports
The only place where it does not shine is for foreign currency exchange. Finally, the last fee we will look at is the Swiss Stamp Tax Duty fee.
This feature only requires a single click to modify parameters. MetaTrader 5 is available on the web without any installation. It works in any browser and operating system and securely encrypts all data. You get the full trading orders, most popular tools, one-click trading, account monitoring, and interactive quote charts. You can find hundreds more from the Code Base and the Market. There are also 44 analytical objects, such as various channels, Gann, Elliott tools, Fibonacci tools, and geometric shapes. There are also highly customizable charts that include 21 time frames.
The asset selection is excellent for Forex traders, while the broad choices at Lexatrade remain market-leading and unmatched. Lexatrade gives full priority to its client’s satisfaction and needs to enhance their financial experience and boost their loyalty. To do this, Lexatrade comes up with occasional promotions that guarantee the traders unique rewards and gifts upon fulfilling certain conditions.
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. The very first thing we must say about Lexatrade broker – in order dispel all kinds of doubt – is that it is owned by a real Swiss-based bank institution. As to the history of Lexatrade Forex trading platform, it began back in 2000 and since then, this huge brokerage unit has succeeded to advance with a huge speed among the entire financial world. You are trading with an actual Swiss bank that specializes in this I am not seeing why would anyone trust their money with a broker instead of an actual Swiss bank.
Enter personal information such as name, date of birth, a few data about the trader’s background such as occupation or country of residence. Refer a friend promo – LexatradeLove trading with Lexatrade? Share your experience with your friends and earn up to CHF 800 per referral! The CHF100 trading credit to you and a friend that you have referred. Has two type of orders that you can pick from, instant and market execution.
Lexatrade offers abroad range of products across many markets. Their product portfolio includes a great variety of stocks, mutual funds, and a variety of other products such as bonds and cryptos. Lexatrade’s free research services are OK, but not the best in class.
Trade With A Regulated Broker
Lexatrade also offers the FIX API for advanced traders who wish to connect to the Lexatrade infrastructure. Despite the expensive commission-free pricing environment, Lexatrade remains one of the most competitive, secure, and trustworthy brokers in operation today. The lexatrade cheating Lexatrade Group Holding Limited is a well-established financial institution. This is through the company’s subsidiaries located and regulated in different places of the world. Its financial services are versatile as it provides online banking and instruments’ trading.
You should engage in any such activity only if you are fully aware of the relevant risks. If you fund your trading account in the same currency as your bank account or you trade lexatrade scammers assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee. There is nominimum deposit for trading accounts at Lexatrade .
- With Lexatrade I have a full-fledged bank account, with its own IBAN.
- The guy there doesn’t know much, plus their policy on not helping people over the chat is also terrible.
- Each client has their funds held in a segregated client account for Lexatrade clients.
- We also encountered timeouts on various occasions while waiting for search results.
He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely. Traders can get access to a free and unlimited MT4 demo account. In terms of forex education on Lexatrade, the material available is suited for a more intermediate lexatrade courses scam to advanced trader class. There are squawk boxes from CNBC and Phoenix TV , daily and weekly forex analysis as well as analysis by the Lexatrade research team. There are some excellent reasons to choose Lexatrade as your broker of choice. They are licensed and regulated, backed by a company with a long history of trading.
If you want a serious broker with serious regulation and the best safety of funds this is the spot. This made me write this review, because it pissed me off today morning, when I found my profitable position closed. It was closed with profit, but I didn’t close it, my TP didn’t close it and I didn’t plan to close it so early. If they let this position run, my profit would be doubled by now. It’s absolutely unacceptable that broker interferes with your profitable positions like this.