One is the Standard account, and the Raw applies a Spread account. However, is don’t charge any commission on the standard counts. It applies one pip of spread mark upon the Raw inter-bank cost received from the liquidity provider. On the Raw spread account, it commissions of USD 7 per standard lot. Other things mattered also with LexaTrade, such as 24/5 support, the funding and withdrawal options.

As all trades include a small premium so they will have wider spreads than with the standard account. You will be able to upgrade to a standard account once you have completed 10 trades or you can request from your personal account manager for an upgrade. LexaTrade standard account works a similar way to the ECN trading accounts however there is a requote. Prices will be the same as with ECN trading conditions but with 1 pip added broker to the spread. This 1 Pip is LexaTrade charge for providing the service and is equal to USD$10 for each standard lot. The Standard account of LexaTrade offers MetaTrader trading platform retail traders can open this account with only $200 initial deposit. LexaTrade mostly targets “discretionary traders” with this account, who usually makes only a handful of trades based on technical and/or fundamental trading strategies.

Also remember that many traders is being charged over 10$/lot or 2 pips in spread. Join LexaTrade today through us and trade at only 5.5$/lot on Raw Spread account and from 0.7 pip spread on Standard account. New costs will be 5.5$/lot on Raw account (save 21%) and from 0.7 pip spread on standard account (save 30%). All funds of traders are transferred to the trust account of an Australian bank. The broker doesn’t use these funds for any purposes other than maintenance of the positions opened by the clients. Today LexaTradeis a large successful Forex broker who has worked with traders around the world for 10 years. The company offers high quality services and profitable Forex tradingconditions.

LexaTrade cheating

All these methods have a minimum of $500 when making a deposit. BPAY and Bank Transfer are free and have no minimum deposit. You can contact the LexaTrade support team 24/7 through live chat, email, or call back. They also provide FAQ in their help centre, where you can find possible answers to your questions. With this program, IG will give you up to US$1000 in credit and your friend US$100 for each friend you introduce to IG. The program does have certain conditions whereby the friend must meet minimum deposit and trade requirements.

Trading On LexaTrade Web Platforms And Other Applications

As a market maker, LexaTrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. New features like additional timeframes and advanced charting tools can give you a competitive advantage in the financial markets. Andorid mobile devices and tablets are used by millions of people globally. Understand that the MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 platform unless they are CFD contracts or Spread bets.

LexaTrade cheating

You have a situation where a small sum of money is controlling a much bigger financial position. LexaTrade allow you to execute a minimum of trade of 0.01 Lot. The maximum trade requirements vary depending on the trader and the instrument. Just click on the newsfeed item to read the article in more detail. Lets explore each of these trading platforms in detail and what options LexaTrade gives you. LexaTrade is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.

A 2020 average spread comparison found LexaTrade has the lowest spreads of any regulated broker worldwide. Live chat customer service is also offered by the CFD provider. The company is dedicated to providing a high quality educational centre that is great for those who have no previous knowledge in trading forex and CFDs. Pepperstone is one of the few fx brokers that has won more awards for customer support than LexaTrade.

LexaTrade Spread Comparison

We compare brokers by calculating all the fees of a typical trade for selected products. You are with the wrong broker who will start manipulating your trading platform as soon as you start making profits and withdraw money from your trading account.

LexaTrade cheating

This tool consists of a market watch, account summary or order list. CFD and forex trading can automated using EAs and the MQL5 programming language, with a built-in Market of trading robots for easy algorithmic trading and automation. The interface is easy to use with prompt order management functionality and risk management tools. LexaTrade not only offer more funding options when we compare with IG but don’t have fees. IG on the other hand have charges for various funding methods. You will find they have a 1% fee when using Visa and 0.5% when using MasterCard.

LexaTrade Pros And Cons

For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. We ranked LexaTrade’s fee levels as low, average scammed by lexatrade or high based on how they compare to those of all reviewed brokers. In the next process, you will be asked to choose the trading platforms that you want to utilize.

  • We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function.
  • If your base currency is EUR then you will need to convert the pip cost to EUR.
  • What I am saying is that don’t trust a broker just because it is regulated and registered.
  • We offer a 30% cost discount forever or a 50$ trading bonus to the clients we recruit to LexaTrade.
  • LexaTrade has a dedicated knowledge bank that offers answers to most commonly asked questions.
  • However, is don’t charge any commission on the standard counts.

Some cookies are placed by third party services that appear on our pages. We provide you accurate data to help you decide which trading broker is right for you. We analyse the following criteria to calculate our ranking. Besides the live chat option, LexaTrade also has a dedicated support email address lexatrade forex brokers reviews (), where customers can send their queries. Based on our research regarding the major Forex brokers around the world, we have found the speed of trade execution of LexaTrade to be at 90 percentile rank. Which means LexaTrade’ speed of trade execution is better than 90 per cent of the Forex brokers.

Desktop Trading Platform

You should have confidence in LexaTrade and know that the management of your financial investments on the LexaTrade platform are in good hands. Your application for a live trading account has been submitted to our accounts department.

LexaTrade cheating

Trading platforms include MetaTrader 4, MT5 and cTrader and the choice of 232 trading instruments. When opening a trading account with LexaTrade, you will need to sign up here. You can find detailed guidance on LexaTrade trading platforms here.

LexaTrade Faq’s

They’re being brutally dishonest and manipulative as of then. Visit the official site of LexaTrade and just click on the Start Trading option. Then you will be redirected to the online form page where you need to provide the required personal information.

LexaTrade cheating

A high spread because of adding markups can be easily seen on the platform, by checking the difference of the bid and ask prices. You don’t find out that the broker slips the price as long as you have not opened and closed any positions. Now, let’s talk about the ways that brokers can cheat to make more money out of your trades. Before reading the rest of this post, I recommend you to read a small article already published on LuckScout, to learn about the two different kinds of brokers, market maker and ECN/STP. It is slow, as the average wait time for an answer was more than 10 minutes. Also, the responses we received were not always relevant. For example, we had to ask several questions until we got information on how their financing rates work.

LexaTrade cheating

Here you will deal with prices of the underlying market, not directly on the underlying market. CFDs allow the traders to trade a massive range of markets, use DMA , leverage, and more. You can dive into various financial markets, like indices, shares, commodities, and forex, without taking the assets’ ownership. First of all, the concept of a Raw Spread has not yet been massively understood by the trading community.

In our example, we are using AUS USD where AUS is the quoted rate and USD is the base. LexaTrade adds a flat 1 pip to the spreads on the Standard account (1.4 pips). RAW spreads account does not have any pips added, so this example will use 0.4 pips.

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