LexaTrade is known for providing a very smooth, safe and secure methods for deposits and withdrawals. They accept all major credit and debit cards and bank wire transfers for deposits. As well, they accept various e-wallets such as Skrill, Neteller, GiroPay, Soforth, iDeal, and EPS. The minimum deposit amount for opening an account is only 100 euro. All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

The company has been recognized and trusted by traders from round the globe. The broker offers 3 main account types — Basic Account, Raw Spread Account, and Black Account. The Basic Account is the introductory account for beginners, with the spread starting from 1.5 pips but no commission. For the Raw Spread Account, the spread starts from 0.4 pips, but there’s a commission fee. The Black Account is for high-volume traders and comes with VIP support and coaching — with spreads starting from 1.1 pips and no commission.

Liabilities In Accounting Explained For Dummies

As explained above, these platforms are available both as a webtrader and on mobile. They are award-winning and support more than 20 languages in total. This, combined with a very user-friendly interface which is very easy to navigate make them both a popular and powerful choice. They both cater for an extensive number lexatrade broker reviews of charting tools and functions, provide super-fast order execution, and do not offer any requotes. The broker will also generally cover any fees which you may incur in making a deposit. The only exceptions here may be if you deposit a non-base currency, or have a fee from your bank for using a wire transfer.

More than 1,000 trading instruments are available to the company’s clients. We just created a mobile application, while Webtrader was synchronized with MT4.

How To Open A LexaTrade Trading Account

GBP/USD Spread1.7 pipsEUR/GBP Spread1.3 pipsEUR/USD Spread1.1 pipsAssets50+74-89% of retail CFD accounts lose money. It is in full compliance with regulations that permit it to provide investment services with European MiFID as well as MiFID II Directives. One of the first things a potential trader needs to establish is whether a broker like LexaTrade is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions.

The Trading Academy offers new clients a well-rounded introduction to trading. lexatrade official site The EUR/USD carries an average spread of 0.3 pips in the Raw account.

Is LexaTrade A Market Maker?

With more than 6 years in the online trading world, I want to share my financial knowledge so that anyone can develop their investment skills. Many other traders have already done, some have then opened a trading account with LexaTrade. 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. The information on this website is not intended for distribution or use by any individual in any country or jurisdiction, where such distribution or use is illegal under the local laws or regulations.

The offering and trading conditions provided by LexaTrade are competitive, although the spreads for assets depend on the current market conditions. In Europe, LexaTrade doesn’t offer deals or promotions on their site due to regulatory restrictions. However, non-EU traders registered under FSC Mauritius () are able to enjoy standard referral promotions and frequent competitions based on trading volume.

MetaQuotes have continued to invest in platform development, testing and improvements, all of which help make MetaTrader one of the most advanced trading platforms available. LexaTrade offers a number of assets to be traded on MetaTrader 4, MetaTrader 5, LexaTrade webtrader and its mobile app. Forex trading carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments, due to leverage retail accounts lose money. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. LexaTrade minimum deposit is 100$, which is an attractive opportunity to many traders for a Classic account. Also, LexaTrade does not charge any fees on credit card/electronic wallet deposits as well, yet may vary from entity rules to another.

The Customer Service Is Incredible

You can set visual and audio alerts when a trading signal is found. Autochartist has a wide range of educational materials to help you understand how to use it, including user manuals, a quick start guide, videos, e-courses and eBooks. There is no need for any complicated chart analysis as it is done for you by the professional analysts who are award winner Alexander Douedari and expert trader Frank Walbaum who managed a €450 million Forex fund. BDS Markets is authorised and regulated by the Financial Services Commission of Mauritius. LexaTrade are part of a worldwide operating group with its head offices in Zug, Switzerland. The LexaTrade Group has licenses and registrations in multiple jurisdictions.

Once you have logged into your LexaTrade account you will see the below trading platform options available to you. Be aware that Different entities under LexaTrade Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client. Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Commissions And Fees

Binary options are also somewhat easier to understand, and traders do not own the currencies or other assets at any moment, they simply state whether the selected currency/asset is going to rise or drop in value. This LexaTrade review is about the LexaTrade broker who offers both, options and Forex trading. The broker took its chance to broaden the variety of choice and is doing great in the competitive industry. Founded in 2012, LexaTrade is a Swiss-based brokerage firm that trades under the name of LexaTrade Holding Plc and boasts 1,043,859 accounts and volumes of 11,448,594,083 each month.

Yes, LexaTrade offers a good trading environment for all types of traders, from beginners to advanced. LexaTrade charges a fixed commission fee on indices and shares charged according to the trader’s type of account. LexaTrade has customer support that is offered in numerous languages, each provided with its own telephone number. Clients can get support through WhatsApp, Telegram, Email, call back or live chat. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. LexaTrade keeps client funds in segregated accounts amidst other ways of protecting clients which include ensuring a safe trading environment and legal compliance by investors.

• With Negative balance protection means traders cannot lose more money than they have deposited.
• The education section at LexaTrade fulfills an essential role at this broker.
• The Trading Academy offers a wide variety of resources including long-form blog posts, beginner, intermediate and advanced video courses and more.
• Overall it is a great chance to gain some insight into many of the different assets available to trade.
• The broker also provides margin calls if you are trading on leverage to help you control your level of account equity at all times.
• All client funds are kept separate from LexaTrade’ operational funds in segregated accounts, adding an extra layer of security.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. We kindly request that if you encounter any other issues in the future to email our client support team so that we can assist you as soon as possible. Ask me for a prove of the bank that im the owner of the account i used to make money, wich i sended. I’m trying to take money from my forex account since 16 de January. Hi Naso, as already advsied, there are various ways which you can use to withdraw your profits and funds from your LexaTrade account, based on the country you reside, whether you have an IBAN or not.

Our Team is always at your disposal should you require any further assistance. There are two types of accounts offered by LexaTrade, the Binary Options Trading Account and the Forex/CFD account. As well, new traders have the option to open a demo account for testing out the platform.

Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk. If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining top forex brokers fees are not due. If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due. Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD.