Hiring better customer service or starting a weekly webinar is not too hard to implement. Firstly, we were not too impressed with the customer service. The time it took for us to get connected to an agent was not ideal. Moreover, the knowledge of said agent was really sub-par. We tried to connect several times and had similar wait times. You can either place trades that replicate these traders completely or you can control the trades that you would like to make on a case by case basis.
A window will appear that shows the long and short swap rates for each pair. Alternatively, traders can view Lexatrade’ latest swap rates in its Official Blog.
Lexatrade offers a wide range of trading account currencies compared to other brokers and offers trading accounts denominated in GBP. International bank transfers – A withdrawal fee of 20 AUD or another currency equivalent will be charged by IC Market’s bank. Withdrawals may take up to 14 days to be processed.
It’s also ideal for scalpers and expert advisors. Moreover, opening accounts with Lexatrade.com is easy and fast. It’s fully digital, so it’s not time-consuming, as long as you follow the steps correctly and send the necessary documents.
A notable beneficial advantage of the Raw Spread account is that the spreads there are the lowest among lexatrade official site others. Many Forex brokers and Forex traders decrease the chances that accounts lose money this way.
Your kind words and feedback are greatly appreciated. Is Lexatrade legit features all the key aspects you need to look at to see if a broker is safe and legit. The longer track record a broker lexatrade cheating has, the more proof we have that it has successfully survived previous financial crises. Technical indicators and other technical tools, such as trendlines and Fibonacci retracement.
This platform can be accessed by Android, Apple, and Windows devices. Are you new to trading stocks or cryptocurrencies? Worry not since Lexatrade broker has got you covered. It provides features that are friendly to both newbies and trade gurus who are after making some cash trading.
This unique software solution allows you to manage the funds of clients or your trades will be transferred to the client accounts 1 to 1. In return, you can earn additional commissions or a profit share. The trading conditions are fully customizable. Automated and also manual trading is supported with it.
There is a wealth of material to go through for beginner and advanced traders. In our live customer support test, we first called the telephone number on the website. It didn’t connect, even though we tried on two different occasions in the week.
Lexatrade Review Research
Lexatrade provides market research via the features found on the MetaTrader platforms. Clients have access to technical research from Trading Central. Lexatrade also allows traders to use Expert Advisors . The broker notes on its website that majority of the trades executed by its clients are done via automated systems. The broker charges a high fee of AUD $20 for international bank withdrawals. The broker doesn’t have its own platform but they cover all the essential environments that the trader will need. There are several options for automated trading – MT4, MT5, and the cTrader Algo.
At the moment, we note that positive reviews dominate. Many traders agree that the broker is ideal for newcomers, scalpers, and those who are fond of using advisers . Lexatrade offers excellent trading conditions on all three of its live market execution accounts. The minimum deposit requirements are 200 USD across all account options, making them accessible to beginner traders. The Standard and Raw Spread accounts are both available on the MetaTrader platforms, while the cTrader Raw Spread Account is exclusively available on the cTrader platform . Do not wait for too long and start trading now! Since Lexatrade is very popular, it is unlikely that you will regret your decision to make a deposit, especially a minimum deposit.
Lexatrade Fees And Commissions
A well-regulated broker, Lexatrade is a cutting-edge ECN forex broker that leverages its network of liquidity providers to offer the best trading conditions for clients. For beginner traders, Lexatrade offers high-quality 24/7 customer support to get traders started alongside a world-class repository of educational materials. Overall, Lexatrade is a dependable choice for traders of all experience levels.
Trading fees that are charged in EUR USD and a minimum deposit that equals 200 USD are much lower than on all other websites. Suppose you are a trader or an investor interested in trading carried out on cTrader and MetaTrader websites. Lexatrade provides excellent educational services and a lot of information for free, including data on automated trading strategies. Very few accounts lose money while working on Lexatrade, which makes it at least one of the best Forex broker options that we can choose from worldwide.
We found these relatively easy to read and well presented. The market guides are written in simple bullet point form with the key daily levels. The longer guides and analysis posts include helpful charts and other graphical aids. Trading Central videos are professionally presented and the videos are relatively easy to understand. They are also streamed to a number of brokers around the world so you can be sure of their quality.
Instead, this broker provides Meta Trader as the default platform, which is a third-party platform. You will be notified By the Lexatrade about the prices (which make the chance that Forex brokers’ accounts lose money while copy trading really low).
If the balance on your account goes into negative, you will be protected. The live chat service, however, could be much better. It is slow, the average wait time for an answer was more than 10 minutes. Also, the responses were not always relevant. For example, we had to ask several questions until we got information on how their financing rates work. On the other hand, we experienced a slight improvement in the last few months.
- MetaTrader is also available for any device.
- International bank wires can take up to 14 days, with credit/debit cards 3-5 days.
- Lexatrade is one of the largest brokers in the world.
- With the data center in New York and London , you get an unrivaled fast execution.
- Are you new to trading stocks or cryptocurrencies?
You’ll be glad to know that Lexatrade does not require any specific minimum amount to be deposited on any of its account types. However, it recommends a minimum amount of $200 or any equivalent of that amount. A demo account or a live account is quite simple and quick to open.
Use your mobile device at any time to access the portfolio. The MetaTrader is from my experience one of the best trading platforms with countless possibilities to realize his trading. The spreads start at 0.0 pips and the commission is $ 3 per trade $ 100,000 in CTrader.
Unlike most other brokers, Lexatrade does not publish its swap rates, but they are available to view inside the MT4 and MT5 trading terminals. In order to access the swap rates, traders should right-click on any instrument in the ‘Market Watch’ section, then left-click on the ‘Specification’ option.
I will never recommend this trading broker. I have lost a fortune listening to this broker. Save your money from losses before it’s too late. They are friendly but they do not address withdrawal issues. They will lexatrade scammers become unresponsive right after the deposit. Really bad service, I was trading with them for a month only, literally took them 2 days to reply to a simple question. The worst trading company I have dealt with.