The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website () are the property of their respective owners and the owners retain all legal rights therein. ForexBrokers.com lexatrade courses scam declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated. Each broker was graded on 108 different variables, including our proprietary Trust Score algorithm.

LexaTrade cheating

If all of the above is fine, but your card deposit is still unsuccessful, it may mean that your issuing bank does not authorise your card to make the deposit. In that case, please use another card or any other payment method available in your trading account. Combined with LexaTrade’s enhanced trading conditions, you’re able to use a globally recognised trading platform accompanied by spreads from 0 pips and 0.20s execution.

The contest participation results are published and publicly available on the «Fame wall». Ask your account manager about the criteria of taking part on the contest.

Hercules.Finance is a financial education website powered by a team of Financial Specialists and IT experts, mainly introduce solutions of Forex, CFD and Commodity Investment, and a number of Payment Services. With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services. For more latest information of the website, please visit hercules.finance. Spread and trading commissions on LexaTrade MT4 are different depending on the account types. Based on your selection, you will register for an account with LexaTrade UK Ltd, which is authorised and regulated by the UK Financial Conduct Authority and falls outside the European regulatory framework. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.

That said, LexaTrade still lags industry leaders IG and Saxo Bank in depth, personalization, and overall quality. With just the MT4 platform available, LexaTrade does not stand out compared to the best MetaTrader brokers. Yes, LexaTrade offers a swap-free account, compliant with Sharia law. See the broker’s website for instructions on how to open day trading an account. If you are looking for alternatives to LexaTrade we have compiled a list of the top 5 brokers that are similar to LexaTrade below. This list of brokers like LexaTrade is in order of similarity and only includes companies that accept traders from your location. LexaTrade Ltd is regulated by the Seychelles Financial Services Authority .

Spreads & Fees

Here we will check a brief of spreads and commission charges that are defined by the account type. The site contains links to websites controlled or offered by third parties. LexaTrade has not reviewed and hereby disclaims responsibility for any information or materials posted at any of the sites linked to this site. By creating a link to a third party website, LexaTrade does not endorse or recommend any products or services offered on that website. The information contained on this site is intended for information purposes only.

The regulator’s key responsibilities include the licensing, supervision and development of non-bank financial services in Seychelles through a solid regulatory regime. In this detailed LexaTrade review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs. LexaTrade supports the major currencies like USD, GBP and EUR, but does not support minor currencies. If you would deposit in a major currency anyway, then the online broker won’t have to convert it.

LexaTrade cheating

Support are on hand to assist should you need them during the account opening process. As broker fees can vary and change, there may be additional fees that are not listed in this LexaTrade review. It is imperative to ensure that you check and understand all of the latest information before you open a LexaTrade broker account for online trading. Autochartist is a powerful technical analysis tool that automatically scans the markets for you to find chart patterns and key price levels across multiple instruments.

Deposit And Withdrawal Conditions

Trading Forex & CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, Forex & CFDs may not be suitable for all investors because you may lose all your invested capital. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of Forex & CFDs is not a reliable indicator of future results. All information on Hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information.

LexaTrade cheating

LexaTrade caters best to high volume, high balance traders who trade only the most popular forex and CFD instruments. LexaTrade traders also have access to a dozen or so other stock indices, plus 62 currency pairs, commodities, and German bonds. Join over 400,000 others trading on 300+ CFD products over lexatrade forex brokers reviews assets like forex, gold, indices and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage FX is ASIC regulated and client funds are segregated. Classic –Trade CFDs on 62 currency pairs, major indices, bonds and commodities. Variable spreads start from 1.6 pips and there are no commissions.

Tradable Products

Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee. LexaTrade’s trading fees are low.There are different cost structures for differentaccount types. We tested the Pro account, which charges a commission but offers tight spreads. We also compared LexaTrade’s fees with those of two similar brokers we selected, AxiTrader and FXCM. This selection is based on objective factors such as products offered, client profile, fee structure, etc.

  • In June 2016, LexaTrade recorded a monthly trading volume of $49.1 billion, followed by a record-high trading volume of $51.7 billion in July, which makes it one of the largest retail Forex brokers in the world.
  • LexaTrade is one of the largest stock exchange-listed FX & CFD brokers in the world, offering access to over 2000 instruments on their trading platforms.
  • They allow all trading strategies including hedging, scalping and expert advisors.
  • MT4 is widely recognised as the world’s favorite Forex trading platform.
  • 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 10 minutes or so to complete the account opening process.
  • The support team are usually prompt, efficient and polite with their responses.

The broker brings together a team of professional traders whose experience in this field has started off back in the 80s, therefore, the new clients of LexaTrade are already in good hands. When setting out to start trading Forex, stocks, or other tradable assets, one of the first things every trader should think about is a broker.

Desktop Trading Platform

One of the startup Forex brokers, successfully providing a trader with low spreads, STP and DMA technologies etc. Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click ‘Complaints ‘and ‘Correction’ to inform us.

LexaTrade cheating

For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. A Client’s Demo account receives an email warning when they accumulate more than 40,000 messages in a single day to stop overloading the server by sending massive requests.

A Classic account is suitable for both beginners and experienced traders. The practice account is a great opportunity to test the MT4 platform, new strategies and explore additional features, without the risk of losses. To open a live account, you’ll need a minimum deposit of at least €25. Alternatively, LexaTrade offersa demo accountthat you can use to practice and familiarise yourself with their platform. Being able to make a deposit or withdrawal on your own terms is so important to your trading experience.

Traders Reviews

LexaTrade also have multiple trading platforms and a vast selection of trading tools that are sufficient but educational material is perhaps lacking compared to other online brokers. In this LexaTrade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs.

LexaTrade cheating

And actually going through these institutions can reveal a lot. For instance, when seeing that one of the main regulators of LexaTrade is the UK’s Financial Conduct Authority, all the LexaTrade scam suspicions or suggestions are instantly dissipated for us. There’s just no way of being a scam and having this level of regulatory oversight monitoring your activities. As a general rule, we only process withdrawals back to the payment method you originally used for depositing. If you use a Credit/Debit Card to deposit, we may require scanned colour copies of both sides of your card to combat fraud. But, please do NOT send us any copies if we didn’t ask for them.

LexaTrade cheating

In addition, clients are covered by the FSCS with investments up to £50,000. LexaTrade is a multiply regulated broker is various jurisdictions, thus considered a safe broker to trade with. LexaTrade trading name of a LexaTrade UK Ltd and LexaTrade Ltd Seychelles regulated as a Securities Dealer.

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