With its location in Warsaw, it was, at the time, the very first foreign exchange brokerage house in Poland offering leverage. In 2004, X-Trade merged and became LexaTrade as a way to comply with the updated regulations for the Polish market. While most brokers are only regulated by one, possibly two, organizations, LexaTrade is regulated by a long list. LexaTrade has offices in over 10 countries around the world, including France, Spain, Germany, Poland, the UK, and Belize.

We also liked the seamless and hassle-free account opening process. Opening an account only takes a few minutes on your phone. Select the trading platform, account type and account base currency. The firm claims it will help its clients to explore the online market. The company boasts that it is using a top-notch trading platform. Additionally, they also utilize their professional team to generate high income.

LexaTrade Broker Withdrawal And Deposit Methods

Intermediate takes it deeper by teaching fundamental and technical analysis. This is also where clients learn about managing risk and controlling emotions. Expert courses will be available very soon and will focus on advanced tools and techniques, expert trading knowledge, and advanced functions on the LexaTrade platform.

All costs such as spread, commission, and daily swaps will be displayed before the position is opened. From our LexaTrade experience, many new customers also ask if LexaTrade is a market maker. The provider is not a market maker and gives customers Direct Market Access . The platform is directly connected to well-known exchanges and liquidity providers. In summary, the conditions make a very good impression on me.

• Basic accounts have floating spreads, which can fluctuate on the available liquidity, while Pro accounts pay smaller commissions to obtain market-level spreads.
• The Pro account is best for traders willing to take the high-risk option when investing.
• Technical analysis is a tool for long-term market success for most traders.
• BinaryOptionsTrading-Review.com doesn’t retain responsibility for any losses readers might face as a result of using the information presented in this website.
• The broker is an extortion firm that only looks after its selfish needs.
• In the Standard account, you pay only spreads, while in the Pro account you pay commissions in addition to market spreads, i.e. interbank spreads.

Videos, e-books, or webinars for customers are provided. Especially beginners will help enormously with this knowledge, but even experienced traders can benefit. In summary, LexaTrade offers one of the best services for customers. Thanks to the multiple languages-speaking branches, the broker lexatrade rezension can also score with competent support for traders! The support is active 24/5 weekdays and professionally handles your personal requests. In addition, there is a very large range of training opportunities. Webinars, e-books, and 1 to 1 coaching sessions are offered by the broker.

In addition, it has the advantage that there is no minimum initial deposit. One of the things that most concerns investors is choosing an online broker that is reliable. In recent years some brokers have appeared with very attractive offers that were really a scam, and they only wanted their clients’ money. Generally, scams share a number of characteristics that help us to detect them. Therefore, we must make sure that the broker we are interested in is regulated. With payouts only the possibility of the bank transfer.

LexaTrade Pros And Cons

The first is Standard A where the minimum deposit is $15,000 and the spread starts from 0.7 pips. Standard B minimum deposit is $1,500 and the spread starts from 1.5 pips, and Standard C minimum deposit is $1 with spreads from 2.8 pips. Thus we can in our test whether LexaTrade Binary options or fraud is serious, state that the broker offers a demo account that each customer is free to the trading platform Xstation available. – As a trader, we naturally had to do this before trading for real money. A live account or demo account can be opened at LexaTrade in just a few steps. True to the highest security and regulatory standards, the accounts are managed.

As expected, this calendar includes a full listing of all the upcoming and current events that can influence the various markets. You can filter the search results by impact and country, or just view the whole thing. Those who trade with MetaTrader 4 get access to the Strategy Tester. Thanks to this trading tool, you can back test every strategy across your intervals and market assets to discover which solution works best. The results from Strategy Tester are extensive and divided into three tabs for thoroughness.

LexaTrade Broker has a smooth and flawless user ID verification process. The user dashboard is also rich with features useful for daily activity. I would not say I am a frequent trader but when I need to trade on LexaTrade Broker, it is reliable. At the beginning it was ok, then there were unannounced rollovers, take profits with high losses instead of profits and contact with customer service.

Most importantly, all these brokers are the safest ventures for traders and investors to trade as the leading financial institutions lexatrade courses scam regulate them. The broker offers only two trading accounts out of which, one is a religion-specific account.

“For now, all I can say is that if my story prevents at least one person from falling for this, it was definitely worth telling…. Their platform charts are amazing vs the other brokers and i find it very easy to use. Generally considering average fees offered by LexaTrade, we would say they stand at a quite average level and are rather competitive and low. Also, there are good conditions for Stock CFDs trading offered for both Pro and Standard account. Being a European based broker, the LexaTrade does not offer high leverage ratios recently due to the updates from the EU regulation ESMA.

Big Scam With Withdrawal Money Lost 25%of Withdrawal Money

There are several limitations for withdrawals on the amount, number of transactions, and more. The broker offers a total of 49 currency pairs for you to trade in. This includes major, minor, and exotic pairs with a spread that starts from 0 pips including a $3.50 per lot commission depending on your account type. If you are a new trader, you should seriously consider signing up with LexaTrade Online Trading because of the low-cost services it provides. The broker offers some of the most affordable rates which are ideal for new traders since they probably will not be interested in investing large funds for their first trading experience.

Similarly to the web trading platform, we tested xStation’s mobile application,using an Android device. LexaTrade’s account opening process is fully digital, fast and straightforward. Filling out the forms and submitting all the documents takes around 30 minutes. Once you’re done, your account will be verified within a day. On the other hand, corporate accounts require a relatively high £15,000 minimum deposit.

79% of retail investor accounts lose money when trading CFDs with LexaTrade Limited. To appeal to a wide range of traders, LexaTrade supports a long list of assets. In total, there are 3,000 markets that you can trade with the broker, including forex, commodities, shares, and indices.

Trading Platform And Mobile Trading: 3 Platforms And An App

Opened a demo account and was given a guide by an account manager on how to use said account over phone. I haven’t had any execution problems and the connectivity is excellent. Big thanks to Eryk for the good customer support, and to LexaTrade for organising great events for their customers. It’s more than a month and I couldn’t get my funds out of my account and that made me get so uncomfortable as I have lost to some company because of this same problem.

The clients need to provide all their details in terms of financials and personal details without understanding the further process of verification. Many scam firms fraudulently claim to be based in a regulated juridiction using fake addresses and regulation licences in order to look truthfull in the eyes of future clients.

Uncomplicated Deposit Opening At LexaTrade

Deposits should work without errors and in a few minutes. The demo account is the best way for beginners to practice trading. Certain criteria and requirements must be met for such a license to be awarded.

The broker gains further confidence with me through the fast processing of the transactions. Within a maximum of 3 days, payment will be processed. In most cases, it takes less than a day and the payment is sent.

LexaTrade also charges no withdrawal fees if the amount is above $100. And despite the day trading account type used, clients can employ either the xStation 5 platform or MT4.

The firm boasts 24/7 customer service everywhere, but no calls were answered, and the email response took extended time than usual. The standard response time was longer than multiple days which gets frustrating for an average trader. The broker is a clear scam as it does not provide any clear information about its services. ICH marks sure that no trader at all should be exposed to a scam broker. The organisation also offers 20,000 Euros in compensation if the situation actually happens. Don’t worry, you are not alone, and we are here to help you. They provide well for all levels of trader with four specified training levels starting from base, and moving through intermediate, advanced, and premium.