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We recommend you trade with a regulated broker.Any payments funded to LexaTrade accounts by traders are held in a segregated bank account. For added security LexaTrade use tier-1 banks for this.
Enter your personal information in the ready-made field and start the registration process. LexaTrade deals with your data with confidence and is DGSVO compliant. After you have opened the account, you can use the demo account or the real account. LexaTrade offers its own developed trading platform for the browser and the smartphone. The well-known Metatrader is also available in versions 4 and 5 .
LexaTrade Accounts And What You Can Expect
Please note that with LexaTrade the currency amount needs to be equivalent in value to the $200 minimum deposit. The fastest way to deposit is with credit card or by using one of the Moneybookers. Making a deposit by wire transfer takes usually 4 working days. With today’s busy lifestyle, it’s a fact that most people can’t spend a lot of time in front of their laptop.
A lot of traders with different levels of experience have signed up to the broker, again showing that the broker is not a scam. For ‘best trading conditions‘ it’s true that LexaTrade does not charge a deposit or withdrawal fee. Plus they offer very competitive spreads on assets, so this accolade is well-deserved. LexaTrade has a strong presence in the German region and has therefore opened a customer center in Berlin. Also, countries like Cyprus, Seychelles, and Mauritius are included.
These online trading classes are open to all traders. To start making real trades, you’ll need make the first deposit in order to start trading.
LexaTrade Details
It took their customer support a little bit to reply, but other than that, they were able to help us with everything we needed. LexaTrade offers a 25% Bonus on any deposit up to €4,000. In their bonus policy, we do not see a clear indication of how many times the bonus must be traded in order to cash out.
LexaTrade is an international brokerage firm established in 2012 in Zurich, which fastly approached Markets and became one of the largest trading groups. The current clients’ base of LexaTrade counting more than a 1.5 million clients from over 186 countries, as well as serving exclusive Member club that has more than 1.5 million traders. The material does not contain investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. Because they are not regulated by a top tier financial regulator we would not trade with them. Withdrawing money from LexaTrade processing time varies but averages 2-5 days. LexaTrade is overseen by the top tier financial regulators Unregulated so can be considered a good broker. LexaTrade offer the following funding payment methods Debit Cards, Credit cards, Skrill, Neteller, among other payment methods.
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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 forex indices operating LexaTrade. 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.
- In summary, the fees are manageable and not significant to most traders.
- Any payments funded to LexaTrade accounts by traders are held in a segregated bank account.
- However, in Metatrader 4 you can use your own programs and indicators as well as automatic trading.
- If you do not want to link your social media accounts, you can just go through with the normal registration process.
- LexaTrade also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.
- The last step is that LexaTrade will conduct an appropriateness test.
Clients can choose from commission-free and commission-based trading accounts accessing over 250+ markets covering Forex, Commodities, Shares and Indices. The LexaTrade mobile trading app is covered in more detail in the video review. Clients can deposit and withdraw funds through the client portal under the ‘Payments’ section. Trading costs such as spreads and overnight funding rates vary depending on the account type opened and instrument being traded and are covered further down this review.
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I have used same wallet to trade with other brokers and have made tens of transactions without any issue till date. If you would like to continue with the withdrawal request back to an exchange wallet, we kindly ask you to confirm that you take the responsibility of the decision in case that the funds are lost. Please note that in order to proceed with your outstanding withdrawal, we need you to send us the wallet address and a screenshot from your personal wallet, which shows the transaction/s sent to us. Due to our AML procedures we are only allowed to process withdrawal to the same wallet address, the funds came from. Their license number with CySEC, 199/13, is one they are proud to say has never been associated with any type of scam or hidden fees practices. It is a website that continues to grow because of the way they have proved their reliability time and time again to those who trade with them.
This means LexaTrade fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes. LexaTrade has a reasonable sized customer support of at least 10. Although we found some very useful aspects of the LexaTrade platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative LexaTrade broker. You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 3 minutes or so to complete the account opening process.
This combined with the minimum trade of just 0.01 lots gives you the opportunity to open many positions whilst investing only a small part of your budget. Next enter the desired amount and the payment method to finish. From the LexaTrade App, it’s possible lexatrade scammers to make a deposit and a withdrawal too. However, the best bit is that it’s totally free to download and use the App. The LexaTrade App can be downloaded directly from every trader account and it works perfectly for Android and iOS devices.
Unlimited LexaTrade Demo Account
One of the other great points we should admit is Customer Support. LexaTrade multilingual support is available with service the trader requires daily which is also on a very sustainable and professional level. Even though you can Live Chat, Phone or Email them within working hours 24/5 we still remain happy with its quality level. The available versions of both MetaTrader4 and MetaTrader5 suited to various devices and including PC, Mac, Applications or Web platform that requires no installations. SO yet you can download the desktop version for those platforms and use its full capability, which is more required by active or professional traders. Of course, LexaTrade developed its Mobile App as well, which actually is highly rewarded by traders and publications as well. All the most important features are available there, so being on the go you still may perform analysis, check on the open positions, manage them and access your account management.
Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable lexatrade rezension relationship. From our observations, LexaTrade provides a comprehensive and highly competitive trading offering.
The good news is that you can also access the demo trading account for CFD, Forex and binary options trading at LexaTrade. LexaTrade Holding PLC is a very favorite European online gambling company.
In his role as writer and consultant, John’s keen to help others get ahead in the ever-changing world of binary options and forex trading. He’s always happy to advise others, whether it’s complete beginners learning the ropes or more experienced traders looking for some hints and tips. It is not always easy for a binary options broker to retain a clean reputation, but LexaTrade does a nice job of it. Through the combination of operating the website with a lot of integrity and being regulated by CySEC, they have an almost impeccable record for being a fair and secure binary options trading site. While having many plus points because LexaTrade is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts.