There’s no guarantee that you’ll receive your money from it and taking legal action is difficult. Now, the spread is the difference between the sell price and the bid.
At LexaTrade, we offer hundreds of tradeable CFD instruments in a variety of categories that makes it easy to build a diversified portfolio. Choose from an endless list of investment possibilities and get a quote on popular CFD currency instruments including US Dollar, Euro, GBP, EUR, CAD, AUD, CHF and more. From traditional CFDs on forex to trading CFDs on a stock, you’ll find it all at LexaTrade.
LexaTrade Review And Tutorial 2021
You can also share your trading experience with LexaTrade by commenting on this review. All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or lexatrade reviews investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website. LexaTrade has a credible reputation and adheres to appropriate safety measures. However, there are many complaints and mixed reviews online from users in 2021, particularly around withdrawal problems.
LexaTrade is committed to offering our clients excellent trading conditions, which includes the opportunity to benefit from extremely low spreads on hundreds of CFD instruments. Overall, there are many questions in regards to the trust of the LexaTrade company services and the manner they do operate the online trading itself. It has an exclusive website for Indian traders LexaTrade.in LexaTrade India claims to comply with BVI FSC for its global operation. However, LexaTrade has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here. Yes, LexaTrade offers users the option to trade on desktop or mobile devices.
Being a smart investor means having the best selection of trading tools and features available at the touch of a finger. With the LexaTrade app, you’ll have easy access to live rates, technical analysis, charts, market signals and an array of advanced trading tools to help you seize the next market opportunity. You can trade CFDs knowing you are using some of the best analysis tools in the palm of your hand to maximize your actions. The broker offers over 800 instruments, including currency pairs, commodities, indices, shares, ETFs, and cryptos, through their web and mobile trading platforms.
Registration is the act of opening an account free of charge and with no deposit requirement. 77% of retail investor accounts lose money when trading CFDs with this provider. Mobile Platform – which offers access to your wallet, balance sheets, equity and margin details. With it, you can trade over 800 stocks, indices, currency pairs, cryptos, ETFs and commodities. You can quickly place trades and constantly monitor your positions and also it has execution gestures such as the new Swipe-to-Close.
Through their different subsidiaries, LexaTrade provides trading services to clients from different parts of the world. Founded in 1996, the LexaTrade Group is an online brokerage firm with many years experience in forex and CFD trading. With subsidiaries that are regulated in the UK, Cyprus, Hungary, and the British Virgin Islands, they serve clients from different parts of the world. However, the company previously was recently imposed due to several violations. To access information regarding account types users will have to first register an account. You should then contact the customer care team where they will discuss the account options in more detail.
A demo account is a great way to test new strategies and get to grips with a market without the risk of incurring a loss. LexaTrade trading platformThe platform is fully customisable, easy to navigate and supports trading from multiple devices. It includes live trading charts, multiple indicators, and is equipped with trading signals and an economic calendar. The platform is easily accessible, features scammed by lexatrade clear navigation and is equipped with advanced trading tools, features and information. You can login to the platform via any computer and no download is required. Traders can customize the web platform according to their own preferences and requirements and enjoy a secure, seamless trading experience. Take advantage of live market rates, a pivotal part of our selection of independent trading tools.
LexaTrade claims that the web-based platform is ideal for traders who use to travel a lot. Although we’re talking about a web platform, security measures had been ensured through Firewall access management and 256-bit secure SSL environment. The main downside here is that the broker does not offer any desktop platform, even though some traders would prefer one. Although it happens rarely, it is good to have negative balance protection for your trading account. Check out the other online Forex brokers accepting Indian clients. Founded in 1996, LexaTrade is a group of online trading companies with intuitive & user-friendly trading platforms. They offer Forex & CFDs in commodities, shares, indices, ETFs, & cryptocurrency.
Accounts can be opened USD, EUR, GBP. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. LexaTrade provides their clients with an economic calendar that is updated on a daily basis. The calendar has the timetable of the important scheduled economic data releases, announcements, and events. Take control of your trading experience with customizable notification settings. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
However, when trading in certain markets, restrictions may apply. Information regarding changes to the standard hours can be found in the ‘Holidays’ section in the Trading Conditions page.
In addition, LexaTrade offers online trading education, 1-on-1 training and video tutorials, as well as technical and customer support in multiple languages. LexaTrade is a reputable CFD and forex broker offering a range of tradeable assets and tools through its proprietary web platform and mobile app. This broker review will evaluate the online trading services offered, including investment options, deposit and withdrawal methods, training and tutorials, plus customer care. LexaTrade India has bagged several awards for its outstanding services in the Forex market. The negative balance protection is a critical feature most brokers don’t offer. The negative balance protection protects you from losing more money than your capital. Trading complex financial instruments with leverage carries a high risk, including possible loss of all invested amounts, and may not be appropriate for all investors.
Trade a wide range of forex markets plus spot metals with low pricing and excellent execution. We offer solid payment plans with hundreds of satisified affiliates worldwide. I couldn’t find much history about the company besides the basic overview. It was supposed to have been founded by a group of bankers in 1996 and then taken online in 2004 and it steadily grew in popularity since then. Today we will check out a Forex company that has been around since 1996 and during that time it collected many complaints and reports.
LexaTrade is also legally allowed to operate in India and many other countries. LexaTrade offers a proprietary trading platform, rather than using a third-party interface such as MT4 or MT5. The web-based platform is designed for use on both desktop and mobile devices. Take your pick from hundreds of real time, live rates on commodity, index, currency, share and ETF CFDs. Another key feature of LexaTrade is their Advanced Trading Signals option, which sends to all customers live updates about the 65 hottest trading instruments. All signals are sent to the customer’s mobile device according to the parameters set by himself. The answer is yes; you can undoubtedly trust LexaTrade for Forex and CFD trading.
LexaTrade India is one of the oldest Forex brokers in service with more than a decade of trust and reliability. Forex platform Hence, it won’t do any untrustworthy activity to spoil the name earned over decades.
LexaTrade earns a commission or fees in terms of spread, which is typically 0.5 pips to 3 pips on the majority of the currency pairs. The successful traders make a loss in a few trades but recover it with proper money management and risk management.
The charts allow for the overlay of multiple indicators for every currency pair or commodity. LexaTrade.com is a genuine company that takes security seriously, sensitive information passes through encryption services including, firewalls and SSL. The company also offers negative balance protection which protects clients against losing more than they have deposited.
- Build your confidence and knowledge with a wealth of educational tools and online resources.
- However, there are many complaints and mixed reviews online from users in 2021, particularly around withdrawal problems.
- LexaTrade offers users the option to trade on their mobile through the LexaTrade mobile app.
- I have nothing against reputable Forex trading companies as long as they follow the rules and put their customers first without any fraudulent activities.
- Traders can customize the web platform according to their own preferences and requirements and enjoy a secure, seamless trading experience.
- Daytrading.com may receive compensation from the brands or services mentioned on this website.
Forex trading carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments, due to leverage retail accounts lose money. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. A demo account is available to users but only once a real trading account has been activated. There are also time restrictions on how long the demo account can be used.
In addition to that, the internet sources are quite full of the complaints and negative reviews from the traders that engaged in the trading with LexaTrade. The minimum deposit amount is $100 while the minimum stake size is 0.01 lots. 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 also offers an Islamic account; an interest-free account that adheres to Sharia law concerning trading. The company boasts over 20 years of industry experience and 6.4 million clients. LexaTrade was founded in 1996 by a group of forex dealers and bankers.
Is LexaTrade Regulated In India?
The materials on this page are for advertising and marketing purposes only, and do not constitute investment advice in any way whatsoever. Any indication of current or past performance is not and cannot guarantee nor be used as a reliable indicator of future results.
Withdrawals can take up to 28 working days to be processed, depending on the clearing solution trader funded his account with. Such a long period for the withdrawals obviously causes trading strategy a lot of complaints from the clients. LexaTrade also provides a range of decision assisting tools such as an economic calendar, live charts, trading signals, and trading sentiment.
Whether your new or an experienced trader, a risk free demo account is a great way to experience the benefits of trading with FOREX.com first hand. As broker fees can vary and change, there may be additional fees that are not listed in this LexaTrade review.
Leverage Our Experts
There are also short video tutorials that briefly explain some of the important aspects of trading, including candlestick patterns and support and resistance levels. Currency market LexaTrade representatives can answer all of your questions in many different languages. We also offer all new clients free 1-on-1 training with a trading coach.