Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including Forex broker reviews, market analysis, trading signals, learning resources and comparison tables.

LexaTrade forex broker

You can trade a wide variety of instruments with LexaTrade over 95 instruments infact. This means LexaTrade are supervised by and is checked for conduct by the Malta Financial Services Authority regulatory bodies. Since the beginning of LexaTrade in 2009, over 2,500,000 customers have been registered with the company. This allowed LexaTrade to become a large and recognizable investment company and take a leading position in the industry. Today, over 450 specialists with rich experience in finance work in LexaTrade.

LexaTrade Regulation And Company Information

In total, traders have access to over 50,000 financial products spread across 7 asset classes including stocks, cryptocurrencies, options, futures, lexatrade rezension bonds, forex, metals and funds. All of these assets available are from all over the world and can be accessed from one single trading account.

  • In a normal trade you cannot lose more than what you invested but when you are using leverage this is not the case.
  • Good tool for institutional traders that want to have it all in one place.
  • The company holds the appropriate license with the Malta Financial Services Authority, allowing them to operate as a fund manager.
  • LexaTrade was created by professional traders — for professional traders.
  • Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.
  • The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc.

The LexaTrade phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual LexaTrade team by calling in varying languages. LexaTrade made an stock market effort to make sure our queries were answered. Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

LexaTrade Regulation

However, they don’t have a segregated account option compared to other brokers in the industry. This might seem like a bit of a risk to traders who would like their funds separate from the companies. There is 24/7 tech support for the platform and for any other questions that the clients have.

See below, a quick overview of the markets offered by LexaTrade. Trading on the financial markets with LexaTrade is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. The broker’s clients can buy and sell the available financial markets using the LexaTrade trading platform. It is a proprietary trading platform that is built to ensure the ease of trading multiple financial instruments from a single multi-currency account. It has a network of 750 servers across the world to make it possible for some of the lowest latencies and safe data transfers to be carried out on it.

LexaTrade forex broker

Like stock markets if Bitcoin rises, then altcoins follow suit. LexaTrade serves customers globally and are regulated by Malta Financial Services Authority . Depending on the country you are trading from Forex.com may serve you from a different business entity to comply with its financial regulators. Well in our Forex.com vs LexaTrade side by side comparison we make it easier for you to see what is right for you. As with anything the final decision which broker to trade with should ultimately be based on what and how you going to trade. Having a reputable and dependable broker is crucial to your trading.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner participation scammed by lexatrade programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker.

Best Forex Brokers

You should receive plenty of notifications warning you about any potential deadlines and you can make a decision to act accordingly, continuing to use your account or closing it. Usually the fees are very small so there is no need to be alarmed especially when the problem is easily avoided. Our Forex.com vs LexaTrade comparison will help you judge the effectiveness, price, ease of use and support, trust worthiness of Forex.com and LexaTrade side by side. The broker’s website contains some educational resources — trading guides, news, press releases, and an FAQ section — to improve clients’ overall trading skills and knowledge. Set up HTTP API in just a few minutes and feed real-time broker data.

LexaTrade forex broker

The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free. Traders Union (TradersUnion.com) is not responsible for the consequences of the trading decisions made by the Client and possible loss of their capital, caused as a result of use of this website and information on it. Forex market, as well as CFD and cryptocurrency trading, carries high risks and is not suitable for everybody. Before you make an investment, you must adequately consider your level of knowledge and be aware of all risks, particularly in terms of trading with leverage.

You can find detailed guidance on LexaTrade trading platforms here. You will need to provide some basic documentation to prove your identity as part of LexaTrade onboarding and normal KYC identity checks. These checks are standard practice and help LexaTrade provide a safe financial environment for their 10,000 users. You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account.

Clients Area

This could be quite a problem for people who would like to operate with their funds fast and have instant access. Other competitors offer the prepaid card option which is becoming quite popular, and LexaTrade should look into that. At least, transferring money between accounts is very quick and doesn’t require additional documents. There’s not much more to be said here about the banking options, except the fact that you would have to have a minimum amount in your account at all times for your account to stay operational. Security is most important nowadays with all the hacking attempts and stolen data reports. LexaTrade has implemented a secure SSL connection on all the pages of their site making personal data theft next to impossible.

LexaTrade forex broker

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Transparency and low cost commission, And I am an employee spamming the reviews. Let other traders know if this service is worth checking or should be avoided. We aim to think global, act local with our website, so that whether you’re in Asia, Europe or Africa you can gain from our content on the world’s biggest market.

Forex Com Vs LexaTrade Frequently Asked Questions

Below we give an overview on the account types that LexaTrade offer. Whatever you are looking to trade the varying LexaTrade account types will be able to provide you with what you need. An account inactivity fee is a fee charged to the registered brokerage client. LexaTrade withdrawal fees vary depending on your selected withdrawal payment method. Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools. LexaTrade require a minimum desposit of 500 GBP/USD when opening an LexaTrade trading account.

LexaTrade forex broker

With all the needed regulations and a list of markets that is still unmatched amongst competitors, this broker aims to please all expert traders. Let’s see if they had to sacrifice something to be able to do this. Another area the LexaTrade trading brokerage really shines is through their extensive tradeable products offering.

LexaTrade provides traders with a knowledgeable customer support team to respond to their trading inquiries. The support team can be contacted through telephone, email, online form, and social media. You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews.

LexaTrade forex broker

LexaTrade does not yet offer traders MT4 & MT5 trading platforms. Currently, the company supports the trading platforms LexaTrade for desktop and mobile devices, MT4 CoMT4 connection, API for automated trading, and FIX connection.

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