Lexatrade charges a spread on trades, which is the difference between the buy and sell price of a financial instrument. The spread varies depending on the account type and the financial instrument being traded. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165.

The broker offers a dedicated section for research support, namely Traders Centre. Under the section, you’ll find a long list of advanced trading tools, which can help you trade more efficiently. LexaTrade has over millions of active users, and has global presence with headquarters at Beachmont Business Centre, Suite 39, Kingstown, Saint Vincent and Grenadines. Moving forward with this https://investmentsanalysis.info/, we will further discuss the platform’s fees, platforms and account types. Lexa Trade(owned by Swissone Group Ltd) is a forex broker with trading platforms of xCritical Mobile App, Metatrader 4 (MT4) and proprietary Web Trader.

User Reviews

The spreads vary on the account type and  instrument you trade in. The platform is relatively new in comparison to some prominent names already dominating the forex industry. However, it quickly garnered popularity among traders, thanks to one-of-a-kind features and the services.

Lexatrade has potential, but it also has a lot of things bogging it down and making numerous questionable decisions. The asset access is limited, your withdrawal requests are low priority, and the spreads are extremely high. We’re nearly certain the broker made the accounts LexaTrade Review just to seem more open. That, along with the multiple phone lines, makes the broker easy to reach. The representatives are adept at problem-solving, so the overall communication flow is great. While the first account is cheap, lexatrade.com also robbed it of most features.

Could you please help me find out if this broker offers Islamic Accounts or they actually charge swap fees?

On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. LexaTrade is ambiguous about how deposits and withdrawals work, and we can only get come basic information in the refund policy page. The minimum withdrawal amount is 50 USD, and if a client withdraws the money without realizing 5 independent transactions, LexaTrade will charge a 5% fee. The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review.

LexaTrade learning is an interactive educational feature that aims to help novice traders to understand and learn about the market. The promotion is applicable for deposit amounts ranging from $500 to $5,000. The insurance covers upto 100% of total loss on all trades opened on the deposit day.

NewsWIKIFX REPORT: How To Connect To Lexatrade Via Quantower

As such, we don’t think you can get a competitive trading service up until the $10,000 account at least. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back. The case with its funding is much of the same, as there are some things that look good. For starters, there’s the fact that the cheapest account doesn’t require a huge deposit. However, it is an offshore broker restricted to operating in the US and Europe. Moreover these personal manager act as LexaTrade affiliates who enforce clients to deposit more on their platform.

• The asset access is limited, your withdrawal requests are low priority, and the spreads are extremely high.
• Lexatrade has provided very less information about its organization.
• We’ll see if the broker’s functional prowess ends up improving what we think.
• Although we do daily broker reviews, we’ve never heard of it before.
• There are also other newbie-baiting features, such as the bonus that Lexatrade offers.

But there’s also the fact that while it’s better than nothing, it’s not a significant improvement. So the regulation may impose negligible limits on the broker while generating a false sense of confidence for potential customers. The same goes for visuals, as the various elements are glaringly mismatched. It looks like the broker took stock images, put them in boxes, and called it a day.