Just take a note that the money is intended for trading and cannot be withdrawn. The bonuses are based on the volume of transaction, and their amount depends on how much you deposit or invest.
For your safety & security, we only list Forex and CFD providers that are regulated. So, the best way to check if a platform like Lexatrade is perfect for you or not is to study your requirements first. If it meets all your requirements, then undoubtedly it will be the best platform for you. Achieving perfection is always impossible as there always remains a little bit of room for a mistake.
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This is followed by a set of questions checking your background and financial knowledge. Account verification is completed with the submission of documents proving your identity and residency. This risk-management feature enables you to choose the level of risk you are comfortable with before placing an order. Lexatrade offers simple yet powerful tools and risk management features for better trading experience.
There is no minimum amount you have to withdraw from your trading account to credit/debit cards or eWallets, but when you make a withdrawal to a bank account, the required minimum is $50. The typical withdrawal processing time is one business day, and withdrawals must be made to the same account you originally deposited funds from.
Trend and volatility of the markets are the things you need to know in order to determine your next steps in trading. In order to know this, you need to keep track of the movements of the markets you wish to trade on. Whenever volatility is high, a value can potentially be spread out over a larger range of values. The price of the value can change massively over a short period of time in either direction. There are a few different locations that can be contacted by clients with any questions or queries.
EA trading is allowed with Lexatrade, what they don’t allow is when you start gaining profits. The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice. Trading any financial instrument involves a significant risk of loss. Commodity.com is not liable for any damages arising out of the use of its contents. When evaluating online brokers, always consult the broker’s website. Commodity.com makes no warranty that its content will be accurate, timely, useful, or reliable. Lexatrade offers over 200 products to trade on desktop, mobile, and all other responsive devices — it is an established broker regulated by FSA, CySec, ASIC, and BVI.
Is Lexatrade A Good Platform?
After you install MetaTrader 4, you need to launch it, insert your credentials and from there you will get access to all features provided by Lexatrade via MetaTrader. Securing funds and investments are very important to any trader in online trading. Lexatrade have financial security programs to protect their clients. As part of its core value of transparency, the firm lets its clients know that all client funds are separated from Lexatrade funds.
Moreover, Apart from all of that the best thing about Lexatrade is no margin requirements. I hereby agree to be contacted by FX Leaders’s featured broker for promotional purposes. I hereby agree to be contacted by FXLeaders’s featured broker for promotional purposes. Based on your selection, you will register for an account with EF Worldwide Ltd, which is authorised and regulated by the Financial Services Authority of Seychelles . A unique tool which allows you to freeze the price you see, giving you a buffer of a few seconds to perform your trade. Its underlying technology lets you trade with limited risk and unlimited potential, without margin requirements.
Point Breakdown Of Lexatrade
The trader will also have the option to choose the leverage ratio as a function of the market’s volatility conditions. The main advantage of easyTrade is that a trader can set from the start of a trade the amount of money they want to risk and the expiry time for the trade. Hence, the trader’s risk lexatrade scammers is limited and the potential of profit remains untouched if the market moves in the expected direction. Once an order is placed into the market via easyTrade, the trader can close it at any time before the expiry time elapses, or it will be closed automatically at the end of that set interval.
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Lexatrade offers a demo account and two commission-free live accounts – a VIP Account for each of the two trading platforms available – which are distinguished by the spreads on each account. As such, Lexatrade segregates all client funds at top-tier banks around the world. This segregation of client funds ensures that only clients have access to these funds and that lexatrade reviews they cannot be used in company operations. Lexatrade also provides traders with negative balance protection, ensuring that they cannot lose more than the balance of their trading accounts. Lexatrade has a history as one of the most innovative brokers in the industry and was the first broker to introduce negative balance protection and a guaranteed stop-loss.
Why Choose Lexatrade?
Compared to many other brokers which require $20,000 plus, Lexatrade has a pretty strong selling point at $2,500. The really cool thing about easyTrade is that unlike Binary options, it is fully ESMA compliant. This means that it is within the regulatory framework set out by the European agencies. When you trade with Lexatrade, the user interface is much the same as a binary option. You have the option to place a trade that is either long “up” or short “down” with a max potential loss as your premium. For those who don’t know, options are instruments that give the holder the right but not the obligation to buy or sell some asset in the future. We have previously done a post that goes into the mechanics of options a bit more in-depth.
In order to activate this feature, you need to click on the Freeze Rate button before you click on either sell, buy or close. As mentioned, Lexatrade has their own trading platform where you can trade the vanilla options. In order to get there you will need to head on over to the main menu and hit “options”.
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- Another interesting Lexatrade tool is “Inside Viewer”, a market sentiment indicator that presents insights on other traders’ preferences on the market at any particular moment.
- With this platform, traders can access all listed assets easily.
It has to be highlighted that all accounts have guaranteed stops and access to educational tools. It is awesome, since you will be able to learn Forex trading starting from as low as 100 USD deposit without any restrictions. Then, once you feel confident, you will have a chance to top-up your balance and start trading seriously. Hence, if you are new to trading or have a conservative style that requires high-risk control, Lexatrade could be the perfect broker for you. Thus, you will need to upload a proof of your identity and a proof of address .
However, one must be capable of using these features for their advantage. Keeping that in mind, we conducted this detailed Lexatrade review to cover everything you need to know about the broker, from opening an account to withdrawing profits. We also hope that the information we have provided in this Lexatrade scammed by lexatrade review might be a good fit to start trading with it. Trade 300+ markets including currencies, commodities, metals, vanilla options and indices from one place without the jargon, complicated offers and confusing terms! All that ensures the traders’ safety especially to those who trade on volatile conditions.