LexaTrade is one of the biggest online ECN forex broker firms in the world. The company is based in Australia but serves the interests of investors across the globe.
The lineup is good; however, it should be noted that the leaders in mobile (e.g., Saxo Bank, CMC Markets, TD Ameritrade) all offer proprietary trading apps. LexaTrade caters exceptionally-well to algorithmic traders thanks to its execution methods (i.e., no requotes) and by allowing orders to be placed within the spread. Both the MetaTrader and cTrader platform suites are available, and copy-trading platforms help round out its offering. Overall, LexaTrade is a top contender in our best MetaTrader brokers category this year. Traders need to acknowledge and understand that trading in financial instruments involves high risk and it may lead to loss of capital either equivalent to initial funds deposited or exceeding those funds. As soon as the account has been verified, the client is required to make the minimum deposit of $200, after which trading can commence on the account. LexaTrade has a substantial offering when it comes to trading platforms and this is one of the many areas where LexaTrade stands out amongst its competitors.
LexaTrade Review 2021: Unbiased Pros And Cons Revealed
The firm strictly ensures that it trades in a true and ethical ECN environment without any dealing desk or illegal price manipulations. That’s what distinguishes LexaTrade from other lesser forex broker firms. A Forex Broker is a firm that provides foreign exchange trading services to traders. Such a firm enables the Forex traders to have an access to trading platforms so that they can sell or buy foreign currencies. There are many such firms, some have been operating for some time, are well established and reputable, while some are not. This review covers one of the best of such firms by the name LexaTrade- Forex Broker.
All trading platforms are also able to handle high volumes of traffic. Servers are located in the Equinix NY4 data centre in New York. Deposits– To enable the firm offer better services, it is recommended clients to deposit funds into the respective trading account that is inside their secure area.
LexaTrade Ecn Ctrader Account
You can trade a large number of instruments with this broker in several currencies. Moreover, it offers numerous benefits to account holders like deposits and withdrawals without additional charges, fast execution of a trade, the confidentiality of information and more. With the legendary MetaTrader 4 and MetaTrader 5 trading platforms, LexaTrade takes trading to another level. So, if you are looking for a broker to trade, LexaTrade in your ideal choice. Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work.
You can see all of the account features offered by LexaTrade here. CTrader is a comprehensive trading platform solution for Forex and CFD brokerages to provide to their traders. The platform is packed with a complete variety of features to cater to each and every investment taste imaginable. LexaTrade MetaTrader 5 Can Operate on the and newer IOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. It’s suggested that you upgrade the IOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability.
This allows you to get the best prices in the market and open and close trades in less than a second. More than 50 different indicators are available on the platform. For advanced traders, there is the possibility to insert extern indicators which you can download on the internet. There are a lot of functions which we cannot mention here all. In addition, technical drawing tools are available for doing technical analysis. It is an independent institution of the state government agency.
LexaTrade provides a number of tools that could make it easier for these managers to administer the numerous trader accounts and appropriately apportion the returns across these. There are numerous benefits which we won’t go into now but you can read more about it their website.
Several cryptocurrencies use blockchain technology, which is a decentralized system regulated by a worldwide communication network. One of the best benefits of LexaTrade is the demo lexatrade reviews account. It enables you to learn how to use the interface and get a taste of the broker’s economic environment while also allowing you to develop effective trading strategies.
The cTrader account requires a minimum deposit of $1,000 USD or currency equivalent. Within the LexaTrade blog, traders can enjoy regular market updates, as well as a Weekly Technical Outlook and Review post. On their homepage, there is also access to an economic calendar and a Forex calculator page. The LexaTrade market analysis section can also be accessed through their trading platforms. Pepperstoneis another Australian based and ASIC regulated Forex broker with a strong offering and excellent trading conditions.
LexaTrade Demo Account
It features a huge range of tools like additional timeframes and the most up to date technical indicators to give you all the trading resources you need to trade on and analyse the financial markets. LexaTrade MetaTrader 4 is compatible with the latest macOS Mojave. LexaTrade allows traders to trade on mobile devices through Android and IOS devices like the iPhone. LexaTrade is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers. Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have. If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.
- The platform features flexible deposit and withdrawal options, marked depth, tight spreads and a flexible lot sizing.
- To have a clear overview of LexaTrade, let’s start with the trading fees.
- The accounts cater very well for scalping, algorithmic trading through the MT4 EAs and of course harness the super fast LexaTrade execution speeds.
- You can connect with them and follow their trading signals for free.
- If you chose the standard account, the trading fee is included in the spread and you don’t pay an additional fee.
- The company has various account types fit for everyone who wishes to start trading online.
The whole notion of regulation is to protect LexaTrade traders and provide a safe trading environment. We have checked and LexaTrade is regulated and supervised by reputable organisations. You are able to check every LexaTrade supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with LexaTrade. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client’s investment in the event the broker becomes insolvent.
Versatile Trading Platform Of LexaTrade
The overnight fee is basically charged on every asset at LexaTrade if you hold them overnight since you are always trading in CFDs. The overnight fee itself is an interest that can be either paid or received by the trader, this will depend on the asset and the market situation at any given time. The only exception here is if you are requesting an international withdrawal.
Every base currency is facilitated with the exception of HKD and if you are located again in Europe, you must choose between a deposit in Euro, GBP, or USD. There are no fees from the broker side for wire transfers, though you will want to check with your bank to verify their policy as fees could apply from that side. There is a typical processing time of between 2-5 days for wire transfer deposits. The options available include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and Canadian Dollar. If you choose to use a different currency to deposit then you may well be liable to incur a conversion fee. There are no minimum or maximum withdrawal limits on LexaTrade. In addition, traders can actually withdraw more money to a credit card than was initially deposited with the credit card method.
LexaTrade also offer a live news feed that contains accurate charts and texts that are easy to read. Overall, MetaTrader4 and MetaTrader5 are excellent trading platforms for traders. The MetaTrader4 platform is suitable for novice traders who are just getting in the game, while the MetaTrader5 platform is tailor-made for advanced traders who have more experienced lexatrade forex broker in trading. Nevertheless, you need to make sure that your deposit option is harmonized with your base currency, because there are a few deposit options who do not support all ten base currencies. LexaTrade attempts to provide the best technological solutions, along with the crucial aspect of top-of-the-line customer service and technical support.
LexaTrade presents clients with four well-regulated subsidiaries. Each broker was graded on 108 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure .
The company is a true ECN broker, meaning that there is no sort of intervention between the client and the market. best forex brokers Neither does it have a dealing desk, which means that clients deal directly with the real interbank forex market.