This means that MT5 offers not only FX but also trading in stocks, stock indices and precious metals. A trading platform connects you to the markets so that you can choose your instruments and trade online.

We have created comprehensive guides to help you get started with online forex trading. We recommend them as they are regulated by top regulators ASIC & CySEC. They have demo accounts, no commissions, low spreads, easy deposit & withdrawal methods and flexible leverage settings. It can be done online by providing personal and trading account details. LexaTrade.com offers the Meta Trader 4 and Meta Trader 5 suites as the trading platforms.

LexaTrade requires a $5 minimum withdrawal for Micro and Standard accounts. Before you can trade with LexaTrade for the first time, you must provide identity and residential address verification. The LexaTrade website is available in 22 different languages, with customer support provided in more than lexatrade reviews 25 languages. LexaTrade offers trading services to residents or citizens of more than 200 countries. The broker’s head office is in Limassol, Cyprus, while they also have offices in Athens and Sydney. CFDs on over 100 US, UK, and Germany stocks are available to trade on the LexaTrade platform.

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LexaTrade personal account managers have a reputation for ensuring their clients get the best from their trading activities. As a market maker, LexaTrade ensures they have enough liquidity on hand at all times so that they can honour your order. As long as your order doesn’t exceed 50 standard lots, then you can expect your order to be completed. If your order exceeds 50 standard lots, then LexaTrade will use partial fills should the order not be completed as one. As LexaTrade is a market maker rather than a no dealing desk broker, LexaTrade owns the liquidity and is your counterparty for your trades. So that LexaTrade can give you the most accurate pricing possible and avoid requotes, the LexaTrade network runs with very fast execution speeds.

• The main idea of the regulation is that the trader can trade secure, knowing that clients funds collaborate according to the strictest rules with minimized risks of fraud or unfair use.
• LexaTrade was founded in Cyprus in 2009, and they have been facilitating trade on the financial markets for over 12 years.
• Overall, the broker with its over 1000+ markets offers a very large offer for private traders.
• MetaTrader 4 is perhaps the most popular Trading Platform chosen by traders all over the world.
• There is also multilingual customer support plus Personal Account Managers.
• If you want to choose the forex broker with the highest leverage, LexaTrade outperforms IG when we compare their leverage offerings.

Traders looking for forex brokers accepting M-Pesa and MTN mobile money or Airtel money will love LexaTrade. I’ve traded forex with LexaTrade since 2010 and it has earned its place in my list of the best forex brokers for online trading. Basically LexaTrade offers the online course on Forex trading and all relevant information, as well as the exclusive LexaTrade forex broker app. The educational section provides almost all the most important information regarding stock market the tools, the platforms, the Forex trading itself as well as the strategies. While the strategies should be chosen individually, it is a great chance for everyone to get experience from some of the common practices and to use those strategies in practice shortly after. The educational module is ever-increasing, meaning that some of the live educational sections will be added and that more video tutorials will be available as well.

LexaTrade Review 2021

You can select the account on the bases of the above-given spreads. They are the best choice for beginners and also for the “Seasoned Investors.” You’ve got the permission to get started with a demo account with more than 1 million of virtual money.

No, LexaTrade does not have VIX or Volatility 75 Index on their platform at this moment. Traders looking to trade VIX can trade with Hotforex SA broker. Still, choosing LexaTrade broker to trade forex & other CFDs is a no-brainer considering the fact that they are a reputed broker that have been around for over a decade. 2) Withdrawal time depends on your procedure of methods like a credit card, e-wallet bitcoin, a bank transfer is followed by LexaTrade. But still, we recommend South African traders to start with this account, due to its very low fees. LexaTrade offers 3 different accounts namely a Micro account, a Standard account and a recently launched Ultra-Low account along with the free-demo account.

More about the Instruments available with LexaTrade in the ‘LexaTrade Products’ section above. One of the most important aspects of choosing a Broker, apart from the trading conditions offered, are the Trading Platforms available. LexaTrade currently offers the MetaTrader Suite of Platforms by MetaQuotes. Through our trading experience with LexaTrade, the Broker honoured all our Stop Loss and Take Profit levels, even in times of high volatility. This was excellent as we did experience quite a lot of slippage with other brokers.

Additionally, LexaTrade broker is regulated by the Australian ASIC and United Kingdom . LexaTrade is currently built of more than 450 professionals with long-year experience in the financial industry. LexaTrade broker has more than “1 million” clients, and they are serving more than 195 countries around the globe .

Is This Broker Good For Beginners?

A demo trading account can be a great way to practice trading online and familiarise yourself with the LexaTrade platforms without risking real money. Once you have tested your trading strategies, learned about market moves and how to place orders, you can take the next step to open a trading account with real money. You can deposit money in any currency as the funds will be converted automatically into the base currency of your trading account, by LexaTrade prevailing inter-bank price. Once you have opened an LexaTrade Group trading account, you can log into the Members Area and select a payment method of your choice from the Deposits/Withdrawal pages, and follow the instructions provided. All deposits are instant, except for the bank wire transfer which can take between 2-5 days. LexaTrade Group offer 3 different account types that provide flexible trading conditions to meet the needs of both beginner and advanced traders. To qualify for free VPS, the broker will also take in to account any other trading accounts registered that use the same email address.

These are just like live accounts with real market pricing, and unlimited usage, access to the MT4 & MT5 terminal and Webtrader platforms. For the safety of funds, LexaTrade also follows protocols which keeps the investor funds quite safe. Client’s money gets transferred to a separate client bank account. These accounts are not on balance sheets and incase of any insolvency of the company, clients’ accounts cannot be used by the broker. They are one of the popular brokers globally, known for wide 1000+ trading instruments, bonus up to $500, low spread accounts and good trading conditions. They currently offer a range of over 1000 instruments to trade including forex trading, stock CFDs, commodity CFDs, Index CFDs, metal CFDs and energy CFDs.

Account Types At LexaTrade

For anyone else who thinks about trading short term international currency trading – avoid LexaTradeFX. When the time is up, if I did not pay up- for everyday that I did not pay I would incur a 1% late fee charge. The first LexaTrade Group entity was founded in 2009 in Cyprus and is regulated by CySEC under the name Trading Point of Financial Instruments Ltd. In 2015, the Group established an entity in Sydney, Australia, regulated by ASIC. Should the deposit currency differ from the transfer currency, the transfer amount will be converted by LexaTrade into the transfer currency at the prevailing exchange rate. These factors combined with a no-requotes and no extra commissions policy ensures that LexaTrade Group are amongst one of the best trading brokers. The only concern is to stick to the MetaTrader’s platforms.

They are also regulated with the International Financial Services Commission of Belize and the Dubai Financial Services Authority . LexaTrade Group offers a no re-quote and no rejections policy with 99.35% of trades being executed within 1 second. Their business model is built around the belief that execution is everything when trading. LexaTrade Group was founded in 2009 and has since grown into a large globally established trading broker with over 2,500,000 clients from 196 countries. In addition, there are numerous LexaTrade’s add- ones allowing you to enjoy extra benefits that the platform offers. This includes also LexaTrade VPS, Rapid Trade Execution and remote connection to a Virtual Private Server.

Bad Broker Service Use: Livelength Of Use: 0

The MT4/MT5 WebTrader provides the same functions as the desktop client but does not require downloading a trading terminal. All trading operations are available, and the only notable difference is that the MT4/MT5 WebTrader does not support EAs or the build-in copy-trading lexatrade scam function, which rank among the best features. Traders must use the desktop version if they require them. The MT4/MT5 WebTrader suits manual traders who seek a lightweight trading platform and traders who frequently trade from different locations and devices.

Trading Point MENA Limited is authorized and regulated by the Dubai Financial Services Authority . If you scroll down the page you will find some other information as well. The information includes the main value of the broker, the vision, and the information regarding the tools and the platforms.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. This indicates that LexaTrade cares a lot about its beginner customers and wants to include them into his platform as easily as possible.