Lexatrade is one of the few brokers to offer fixed spreads, no slippage and the option to cancel an order placed on the market. These features are invaluable for beginner traders who need more experience until they begin to gain confidence. Lexatrade’ web platform is also of great assistance to beginners. Standard account – Minimum deposit of $100 USD and fixed spreads from 1.9 pips on the EUR/USD pair. Other benefits include a personal account manager, guaranteed stops, live chat support, trading on all available platforms, free SMS market alerts, technical analysis reports, and access to all educational tools. The CySEC provides one of the best regulatory environments for investors that guarantees the protection of funds and immunity against broker scams. The CySEC is affiliated with the European Central Bank and other European regulatory authorities, which brings it directly under the MiFID derivatives and EEA initiative.
Lexatrade provides the MT4 trading platform, as well as its proprietary webtrader platform. The research section consists of six categories, unfortunately, all not specifically valuable to traders. The information can be more efficiently retrieved from within the MT4 trading platform. Lexatrade provides a dedicated division for research and education.
Does Forex Com Or Lexatrade Have Lower Trading Costs And Fees?
Forex can be simple to understand – you trade one currency for another one – it’s accessible, open 24/5 – and with $5 trillion of daily trading volume it’s really dynamic. This is why Forex is a favorite amongst both novice and advanced traders. Being in the markets is risky, that’s why we offer our clients tools to manage that risk.
Last, but definitely not least, we never charge fees for withdrawals or funds, so our customers know how much they will pay from the beginning. Never hide the fact that we are market makers, but at the same time we are aware of what most people mean; That is why we always make sure that our customers do not have to allow the intervention of the distributors. lexatrade broker reviews Being a market maker also allows us to offer fixed spreads and the ability to adjust our business conditions in response to market volatility or unforeseen events. The MT4 trading platform is offered to traders, but Lexatrade fails to provide any of the required and critical third-party plugins which are necessary to unlock full functionality.
I believe they are attractive for the beginner who wants to feel safe and trade in a simple environment that minimizes uncertainty. Their online platform is very intuitive compared to Metatrader, and frankly, Metaquotes could learn lexatrade forex broker a thing or two from it. It is in no way suited for the intermediate to advanced trader, however. Stops are fixed at seemingly arbitrary intervals, which makes it impossible to precisely adapt risk to market structure or volatility.
Overall, this Lexatrade review consists of all the information that you need to know before trading. As discussed earlier, the Lexatrade platform is a better market maker than others. With licenses from international regulators and by employing the best security measures, the forex broker allows you to focus on your trading goals. Besides, there are plenty of options to save you from losing more than your investment of your money. You can trade with the assets of your choice and the platform you like. While easy forex trading with Lexatrade platform, you always have the chance to boost your trading skills by accessing helpful educational resources through the trading platform and its account.
Offer Of The Month
Trading charts offers very little of substance, and live currency rates can be obtained from the trading platform. A financial calendar is available which can be filtered to provide relevant upcoming financial data; potentially market moving events are shown in red under the volatility column. The blog is the sole section where Lexatrade provides in-house content. On the whole, the research section is quite unremarkable, and the market analysis section is sorely lacking in substance and could do with a complete overhaul.
Then, you answer a few questions about your background and financial knowledge. Aside from MiFID, CySec, AFS, ASIC licensing, Lexatrade is also regulated by the BIV.
Lexatrade Web Platform
DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
You can use this feature for a small fee to undo a trade that may incur losses. Lexatrade offers an unrivaled in the industry customer experience. Accessibility is very important when trading, this is why Lexatrade has a dedicated web platform packed full of its useful tools and features. Have the markets at your fingertips with Lexatrade trading App. Intuitive and user-friendly it gives you access to trading and information in same interface. Although forex is considered one of the most straight forward types of trading, it is still complex and requires specialized knowledge. Luckily Lexatrade offers an extensive educational library and a trading education module with multiple video lessons and knowledge tests.
On our platform, we provide fixed spreads which never change regardless the market volatility and you always know the spread you are paying before opening a deal. Likewise, the guaranteed stop loss that we offer on our web platform helps you control your risk on every trade so you never lose more capital than willing to risk. Lexatrade is an online market maker that provides a trading platform for derivatives like contracts-for-difference. CFDs are derivative lexatrade cheating securities that allow customers to gain exposure to the price of financial instruments without actually holding the instruments in their accounts. Easy Markets broker does not charge any commission on all trades. It also provides fixed spreads unlike other Forex brokers who also offer fixed and variable ones. Moreover, the spread will depend on the type of account owned, with Standard Account attracting 3 pips while the VIP Account attracts 1.8 pips.
Terms And Conditions
TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The Easy Markets Broker groundbreaking proprietary trading platform is unlike others in the industry.
They offer a good top up bonus when you add funds to your account. On the product I trade their spreads are around 4 points wider than the provider I have changed to. After that Easy Markets remove $5697 profit from my account.They did my profit trades 0. Easy Markets change my account Statement and block my account so that i cannot trade.
Spreads And Commission Fees
MT4 is still one of the most popular trading platforms available, given its full support for automated trading solutions and back-testing functionality. The primary MT4 platform, as provided by this broker, lacks core features and represents a sub-standard trading portal. The next thing that you have to evaluate in a beginners forex broker is their trading platform or software. The trading platform is the trader’s gateway to the forex market hence you have to ensure the trading platform is reliable and easy to use. It must also have a wide range of trading tools which you can use to help in the analysis of the market.
Here’s where it can get more complex though, because the best time to trade depends on how you trade. Traders that seek to benefit from small increases and decreases in price, usually seek volatility, even though it increases risk. If you are a long-term trader i.e. someone that opens trades and holds them for a longer period of time, or if you are a risk averse trader then you might want to avoid volatility, which in turn means avoiding overlaps. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
It also has some subsidiaries including Easy Forex Trading Ltd and Easy Markets Pty Ltd. Easy Forex Trading Ltd is registered and controlled by the Cyprus Securities and Exchange Commission while the Easy Markets Pty Ltd is licensed by the Australian Securities and Investments Commission. Demo account is found in the proprietary platform and is provided for life. Easily accessible during the trading week, and we are satisfied with it. Email support functions well but takes a little time to get back to you with relevant answers. Discover Series is a collection of engaging and informative videos about the most popular instruments and trading psychology.
- This protects you from additional costs or loss due to your order executing at a higher or lower rate.
- Lexatrade guarantees that your trades will be executed at the price you indicate.
- The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice.
- Our broker guides are based on the trading intstruments they offer, like CFDs, options, futures, and stocks.
- Make sure that the broker offers you a reliable trading platform such as the MetaTrader 4 platform or the Sirix WebTrader.
- Standard account – Minimum deposit of $100 USD and fixed spreads from 1.9 pips on the EUR/USD pair.
Another promotion is the Refer a Friend promotion that rewards people when they introduce a new trader. There is a treat for everyone who wishes to join the broker and start trading. An industry innovator and leader, the broker was established in 2001 and by 2013, it had over 100,000 active traders and over $1.5 trillion in accrued trading turnover. The firm since diversified its product collection to offer CFDs indices and commodities while expanding forex contracts as well as vanilla options . We conclude our Lexatrade review with the verdict that the broker keeps upgrading itself with innovative features and tools to reach the top of the ladder. Though there are always chances of improvement, we would say that Lexatrade is worth considering. We hope that this Lexatrade review might help before you start trading.