Great company would recommended to everybody body and the margin is so much better then others because I have compared it with other platforms and LexaTrade is number one. I asked the support several times every day to at least tell me what the investigation is about. In my opinion when you get your account blocked it is not too much to ask why. After I requested the withdrawal of 10k I was informed that my withdrawal was under investigation. Since 4 days I have not got an explanation why my account was investigated.
Below we compare LexaTrade to other CFD broker which offer both retail investor accounts and Professional account with a similar proposal and financial instruments. So step by step process of opening requires you to follow the LexaTrade sign-in link where you will be guided through a quite simple process of opening step by step. The demo account will be opened within 5 minutes, while to start Live trading you should submit necessary proves and documentation. Customers may contact customer care at any period during the day or week through live chat or email, which is handy considering that many brokers offer assistance for five days in a week. Customer support is offered in a variety of languages, and the website is available in thirty-two languages. As a result, LexaTrade can assist you regardless of the language you can communicate with or comprehend. Thanks to a functional interface covering advanced capabilities, LexaTrade can build an aesthetically pleasing investment portfolio supplemented with the no-commission system.
Who Can Open A LexaTrade Account?
It’s a great sign of their capability of integrating trading functions in a mobile format. And let’s face it, who else has a trading app for Apple Watch? The company that owns the broker is registered in Israel but they have offices in England, Australia, and Cyprus. LexaTrade can be a good choice for anyone looking to start trading CFDs. In fact, LexaTrade is currently rated as one of the best CFD brokers in the world.
Bullmarketz may be compensated by some of the brokers listed on our website. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76,4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. 72% of retail investor accounts lose money when trading CFDs with this provider. Between 74%-89% of retail investor accounts lose money when trading CFDs.
These including United Kingdom authority, Cyprus Securities and Exchange Commission, Australian Securities Investment Commission ASIC CySEC FCA FSB and MAS in Singapore Monetary Authority of Singapore. In addition, LexaTrade shows an understanding of the importance of innovation thus constantly improves trading services, generously rewarding clients with fair trading conditions. As well as developing various trading programs or add-ons to enhance capabilities, which became award-winning programs suitable for large communities, affiliates and traders. Trading CFDs on leverage involves significant risk of loss to your capital. All granted bonuses are subject to the bonus terms and conditions of LexaTrade.
Not sure if these are available where you’re at but I would check out the robinhood app, scottrade, etrade, fidelity and maybe even an account through Barclays. That said, no one really knows if LexaTrade actually is a scam or not, you read as many good things about them as bad things. The only drowback that I’ve found till now is that they didn’t offer some CFDs which I was interested in trading. I also made 2 withdrawals of about 1000$ each and got the money within few days.
Since 2012 LexaTrade offers an iPhone and Android app traders can download. Since 2015 the app can also be used on Windows devices. You can fund your LexaTrade account using either your Visa or MasterCard credit card. You can also use MoneyBookers or a bank wire transfer.
Legit Or Scam?
The platform itself offers great charting tools alongside with economic calendar, built in news feed and alert systems which are useful. But there is no provided technical analysis or other materials with research purposes to support your everyday trading.
Consider whether you can afford to take this high risk of losing your money. While conducting research, we found a lot of positive reviews as well as negative ones.
How Is LexaTrade Regulated?
It is unlikely that a scam company could run its business this way. The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice. The content is provided on an as-is and as-available basis. Trading any financial instrument involves a significant risk of loss. Commodity.com is not liable for any damages arising out of the use of its contents. When evaluating online brokers, always consult the broker’s website. Commodity.com makes no warranty that its content will be accurate, timely, useful, or reliable.
- The facility to provide this isn’t available within their withdrawal request screen.
- This information you should check directly from the platform specifically for the instrument you’re going to trade.
- No explanation from support yet, but from early indications I’d happily call that a scam.
- One better thing that I found is that their rates are online which is compatible to Yahoo currency.
- I replied to every email they sent me with detailed information, correcting their factually incorrect claims.
- Investors may lose a lot of money because of a breach of data, which will significantly affect their lives.
It’s a trustworthy broker that’s licensed by several of the world’s top financial regulatory bodies and they have a good reputation among clients and competitors. This is done by providing a copy of your ID (passport or driver’s license), as well as proof of residency, for example, a recent utility bill or a bank statement. By now, it should be obvious that we recommend LexaTrade to our readers. As you can see in our LexaTrade review, they’re trustworthy, their fees are fair, and their selection of assets is satisfying. Just because a broker has a great reputation and is regulated by the strictest regulatory bodies in the world, doesn’t mean it’s perfect.
LexaTrade Review: What Makes This Broker #1 In The Uk?
You’ll be prompted to provide an email address and a password before clicking on ‘Create Account‘ and starting the account registration and verification process. You’re ready to start with a quick tour of the platform before opening your first practice position. LexaTrade offers call and put option CFDs on over 20 popular stocks, indices, and currency pairs.
Investors must do their own research before investing their money and only do so at their own risk. Therefore, a broker should place a premium on client service by building a capable and responsible team. Customer service can address any issues or difficulties users may experience while making use of the website. The services offer solutions to majority of traders’ problems, and they respond quickly. They are available to assist you anytime you need assistance. Cryptocurrency has grown into a rewarding and attractive trading tool for millions of investors across the globe.
Is LexaTrade Authorized And Regulated?
He concluded thousands of trades as a commodity trader and equity portfolio manager. LexaTrade is considered secure because it is listed on a stock exchange, discloses lexatrade broker reviews its financials and is regulated by several top-tier financial authorities. When you access the LexaTrade demo, in fact, the only fake thing is your budget.
In addition, there is a ‘Live Statistics’ feature, which shows a few statistics about the price of the asset, such as the lowest/highest price within 5 minutes, 60 minutes, or 1 day. The LexaTrade web platform has aclean, lexatrade official site well-designed look and is easy to use. You need to contact support if you wish to change your base currency. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers.
Here you can choose to trade with forex and CFDs but also indices and cryptocurrencies as mentioned. There is a complete list for the trading instruments on the website on the main navigation bar. It hit my take profit target but the closed both my trades on margin call. I had two small gold option trades which were break even and nowhere near a margin call then suddenly both positions were closed. 5) LexaTrade operate an aggressive marketing model as customer Retention is low. The great reviews are done by affiliate websites who are paid per CPA. These reviews are very biased and they gain financially.