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The company offers favorable terms both for newcomers and experienced traders and implements numerous financial tools to enhance the trading conditions. LexaTrade was first established in the year 2003 when it was owned by XFR Financial Limited, a company licensed by CySEC to offer contracts for difference. Based in Limassol, Cyprus, LexaTrade is now known for offering trading services on cryptocurrencies, foreign currencies, indices, commodities and even shares. It has offices spanning 5 continents and clients across 140 countries. As LexaTrade started out as a CFD broker, it has even developed its own trading platform. It offers a fairly wide range of asset choices, open positions, history and trading tools.
Some of the links on this websites articles and comparison tables are affiliate links, which means we receive a commission should open an active account. This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website. The information contained in this website is for informational purposes only and does not constitute financial advice. The material does not contain investment advice or an investment recommendation, or, an offer of or solicitation for, a transaction in any financial instrument.
In addition to the above, the website states that withdrawal requests can take up to five business days, or in extreme cases, up to 3 weeks! That kind of policy could be considered a scam even if LexaTrade wasn’t a proven scam broker. This is also something you won’t find on your average LexaTrade review. As far as actual types of accounts, unlike most of their competitors, LexaTrade does not offer different account options. The sales processes used in the Forex Fraud industry is heavily bolstered by a method of funneling individuals through different accounts. They are also engaging in binary system type of incentives wherein pairing (right + left ) can earn you more money . I remember this kind of system long ago from VitaPlus .
Ready To Trade?
With programs like this, it is very common that people put in over $1,000 as they understand how this whole operation works. This is exactly how money keeps rolling in with LexaTradeChain and every other revenue sharing program out there. Revshares are programs that come with a very specific software that distributes money equally between all of its members, depending on the amount they invest. Just like FX Trading Corp and Statum Global which I reviewed recently, X Trade Chain uses trading as their service.
WebTrader comes with a variety of features such as one-click trading, take profit and currency exchange Trailing Stop Loss orders. LexaTrade is a CFD and forex broker headquartered in Cyprus.
When opening a trading account with LexaTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for lexatrade website account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on LexaTrade trading platforms here.
One of the most important criteria for traders when choosing a broker like LexaTrade is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money. Take the time to learn how your trading platform works. 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.
- 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.
- This is the report generated by Tornelo (available to arbiters in real time, round-by-round).
- Cyprus based trading platform, LexaTrade, has been in operation for over 10 years and has built a trusted reputation within the industry.
- One of the most important criteria for traders when choosing a broker like LexaTrade is the regulatory body and regulatory status of the broker.
- Please provide your email or phone number below, and we will send you the download links to the Mobile App.
- While trading in financial investments, losing money rapidly due to trading Forex, CFDs is not uncommon.
I’ve already taken out my original investment and trading with profits now ; the withdrawal took about 4 days to land in my bank account all up. The platform does not require installation and offers a rich set of trading tools for optimal trading, as well enriched with market analysis and fast execution of orders. LexaTrade is regulated, governed and supervised by reputable financial regulatory bodies.
What We Don’t Like About LexaTrade
A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions. Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill. LexaTrade withdrawal fees vary depending on your selected withdrawal payment method. A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses. This LexaTrade review was written by industry experts with over 20 years of financial experience in Forex, CFDs.
Traders are guarenteed to close your trade at your specified price. Stop Loss orders forex strategy are guaranteed only during market hours and under normal trading conditions.
Depends on deposit the bonus sum may vary up $50 to $6000. Besides this bonus, there is a range of promotional activities for new customers offering bonuses on different occasions. For instance, a customer gets $20 on his trading account for his phone number confirmation. We recommend you to keep your eye on new announces of promotional events in order not to miss the next offer.
Broker Types
Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved.
To trade effectively with LexaTrade, it’s important to get a have a good understanding of the LexaTrade trading tools and the markets. This includes eduction tools with LexaTrade and externally. LexaTrade safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. LexaTrade also urges its clients through its web platform to always look for the SSL security sign o the browser while operating LexaTrade. LexaTrade require a minimum desposit of 1 GBP/USD when opening an LexaTrade trading account. The whole notion of regulation is to protect LexaTrade traders and provide a safe trading environment.
All money funded to LexaTrade is placed into a segregated tier 1 bank account. this means your money in not held by LexaTrade directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also LexaTrade is regulated by Cyprus Securities and Exchange Commission . LexaTrade are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission . Any payments funded to LexaTrade accounts by traders are held in a segregated bank account.
I found out about this requirement on Thursday and was supposed to leave for the contract the following Thursday. I picked up the Exam Cram on my way home from work, read it over the weekend, and took the test on Tuesday. Also gotta consider virtually everyone going thru it had 0 experience in networks or security prior to that class.
LexaTrade Trading Accounts Offered
LexaTradehas been existing in the international financial market since 2003. This is a stable regulated Forex brokercompany, which already managed to get labeled as one of the major companies lexatrade scam in trading shares, indices, goods, international currency and contracts for difference. Never miss a trade with LexaTrade’s powerful mobile platforms, available on iOS and Android.
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. 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. Always note, that withdrawal shall be processed via the same method that the deposit was made.
This means that Australians citizens are offered a certain level of protection when trading with them. However LexaTrade.com is not covered under this regulation. The only approved LexaTrade owned domains that are currency exchange regulated by CySEC are offerfx.com and offersfx.eu. This means that if you’re trading on an LexaTrade website, they are not regulated. LexaTrade is trusted by users worldwide and is regulated CySEC and ASIC.
What Are Tier 1 Banks And Why Should LexaTrade Use Them?
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. Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.