Lexatrade Review 2021 Update

Lexatrade is a great, simple-to-use platform, with an especially useful mobile app. Their platform is great for intermediate to experienced traders. The account opening process is fast, easy and fully digital. While Lexatrade offers demo accounts with a virtual balance of $50,000, it also offers lexatrade scam trading with real money accounts which can earn real money profit. By investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk. You should engage in any such activity only if you are fully aware of the relevant risks.

Click here for a full list of our partners and an in-depth explanation on how we get paid. It offers a demo account of unlimited duration to traders who want to familiarise themselves with the UI and trading essentials. A demo account allows new users to get familiar with the UI and basics of instrument trading. Users can review multiple aspects of investing and try them out on their own without having to worry about losing any money. There is no time limit in terms of how long you can use the demo account. Lexatrade is a CFD trading platform for multiple classes of assets. Lexatrade allows you to deposit money in a simple way – you can use PayPal, credit or debit cards, and transfer it via a bank, too.

Lexatrade Cfd Trading Platform

LexatradeUK Ltd is authorized & regulated by the FCA (#509909). I am already trading there for more than a month, I’m very satisfied and didn’t had any problems to withdraw – so I’m sure they are not a scam.

Therefore, during times of low liquidity, Lexatrade does have the ability to absorb its clients’ orders and take the opposite end of the trade. Unlike other market maker brokers, Lexatrade is one of the more genuine and reliable dealing desk brokers operating in the financial markets. Plus 500 uses among the most advanced trading platforms that are equipped with features that will ensure a very superb trading experience. The trading platforms include lexatrade courses scam the webtrader, the mobile trader and also the windows 10 trader. For one to be able to trade with plus 500, you will require a trading account that you will sign up for in the plus 500’s online platform. The firm has two trading accounts which are the demo account and the standard trading account. All of these accounts have been specially designed to meet the individual needs of the various clients who have or want to trade with plus 500.

Lexatrade rezension

While their platform is great for most traders, it lacks in a few areas. You can’t use functions like automated trading via expert advisors, back-testing, trading algorithms or the option to manage third-party funds with PAMM or MAM trading platforms. Lexatrade has followed the use of the same proprietary trading platform since its launch, without offering any third-party trading platforms such as the MT4 or the cTrader. Lexatrade uses the market maker protocol, which helps the broker to offer a proprietary trading platform without worrying about connecting to a liquidity provider or the global liquidity pool. Lexatrade offers professional, dedicated, and multilingual customer support in 16 different languages. The traders can call customer service and clarify their doubts.

Changing the leverage is a very useful feature when you want to lower the risk of your trade. Be careful with CFD trading, as the preset leverage levels are high and investor or CFD accounts can easily lose money when trading CFDs. In the sections below, you will find the most relevant fees of Lexatrade for each asset class.

Review Of Lexatrades Trading Platform

Moreover, this broker has extremely focused spreads, which minimizes expenses. It handles a lot of sensitive information, like personal identification documents, bank and credit card details. All information is submitted on the organization’s website or platform and is encrypted during the process.

Lexatrade rezension

Most of the videos are quite superficial and are only a couple of minutes long. The educational materials at Lexatrade are relatively thin, but there are some basic videos on the website to help guide clients. Deposits and withdrawals are fast and secure at Lexatrade with no hold ups or unfair charges. Cryptocurrencies, such as Bitcoin, are digital currencies that are secured by cryptography. Being a publicly traded company valued at over a billion dollars. In our research, Lexatrade showed a good level of transparency in areas such as their regulatory status, fees and general background information.

The Windows 10 Trader

Lexatrade is one of the most popular online brokers in the business because it can be all things to all traders. For example, if you’re a professional, you can trade with higher leverage and tighter spreads on request. Want to learn more about one of the best CFD trading platforms in the world? Our Lexatrade broker review will show you how this company has built up a reputation for excellence through low fees, tight spreads and hundreds of trading options.

There are some tutorials and learning resources, although they could be more comprehensive. The news section is a bit too basic, although you can access an economic calendar with the dates of the most relevant economic and financial events. Unfortunately, there is no demo account where you can practice and see how the platform works, but you can always open a live account. More than 600,000 users trust this broker, which is present in more than 18 countries.

And you will realise your account currency will be set by default, depending on where you are located. The availability of many base currencies saves one from being charged conversion fees. This fee will be around 0.7% for all tradable assets, and the only way to avoid it is by opening a multi-currency bank account. The first thing you will notice on Lexatrade is the excellent charting tools where you can access around 119 technical indicators coupled with a great editor. There is also a well-designed section with an economic calendar and significant events occurring within markets and the company. In the section, you can gain knowledge of investor sentiment for a given asset in different markets through the sentiment tool, which can help you with your trades. Trade the world’s most popular markets and explore endless trading opportunities.

Everytime something interesting is going on it is impossible to trade and when the orders come through it is to a total different price. It is strange that it is possible to cheat like that and still continue. Not just myself, but a group oof more than 10 friends have all been trading with this website. I had absolutely NO PROBLEMS. I deposited and withdrew money without any problems, and even my friends.

Lexatrade offers call and put option CFDs on over 20 popular stocks, indices, and currency pairs. Commodity exchanges are formally recognized and regulated markeplaces where contracts are sold to traders. Lexatrade overnight funding fee based on trade size, position opening rate, point value, and daily overnight funding. Charting tools to analyze the market, plan strategies, and dig into the history of an asset. The downside is the lack of API access means you cannot use your own elaborate tools to make automated use of the data. This includes phone and desktop notifications, SMS, and on-site alerts and noises.

Lexatrade rezension

The trading platform itself is both intuitive and user-friendly, providing a seamless user experience. Lexatrade offers a portfolio of over 2000 CFD instruments, lexatrade forex brokers reviews including cryptocurrencies. It even allows users to buy and sell a Crypto10 CFD index which follows price movements of the top 10 cryptocurrencies.

Recommended Exchanges

Consumers should perform adequate due diligence before investing funds with them.

  • Lexatrade is also a publicly listed company in the UK and a constituent of the FTSE 250 Index.
  • This is naturally very helpful for someone that needs an easy way to access his/her trading platform.
  • There is no tax accounting tools or trading journal available on the platform.
  • Another useful research tool built into the platform is Trader Sentiment.
  • Investors can now view multiple charts on a single screen, allowing them to compare assets over different timelines or analyse correlated assets.

Despite the lack of phone support, we concluded that customer support at Lexatrade is strong, due to the positive experience we had via chat and email. Within the WebTrader platform, Lexatrade offers 24/7 chat support. One drawback is that charts from the web platform do not sync with mobile. Overall, we concluded that this is an excellent app, better than average for the industry.

Lexatrade rezension

Overseen by multiple top regulators across the globe and as a large publicly traded company, Lexatrade earned a high trust ranking in our tests. Visit our methodology page to learn more about our review and rating process.