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If you want to open a private account at LexaTrade, it can be a joint or personal account. In either case, you need to verify both your identity and address. In the case of joint accounts, both account holders must submit the relevant documents. And/or you must have traded derivatives of a significant size at least ten times each quarter. This must be the average frequency over the past four quarters. In this case, derivatives include spread bets, futures, forex, and CFDs.

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He’s spent over a decade working in the investment banking sector and thanks to his foresight, skills and education, he’s in a prime position to offer help to others looking to start investing. LexaTrade also provides a complete suite of financial terms coupled with an economic calendar that traders can use to track their trades. The service also hosts discussions on a number of complex trading issues like P&L Calculations, speculation and margin trading. Interestingly none of these lessons are available in video format like with other competing brokers in the industry. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated. That said, I was glad to see that at least 15 instructional videos are available in the Advanced Trader mobile app, alongside platform tutorials.

LexaTrade Trading Benefits

LexaTrade MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode. If you are looking for Forex brokers to trade currency pairs on global Forex markets LexaTrade offer over 150 currency pairs. Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

If done / OCO orders place an OCO following the order only when the first portion is executed. To ensure that LexaTrade clients can make full use of this platform, the broker offers a full set of guides. There are user guides for 12 different tools and all 15 indicators. Each guide is a multipage PDF with an lexatrade scam overview and detailed information about using the given tool or indicator. Currency pairs available to trade on LexaTrade include both major pairs and emerging or exotic pairs. Currency pairs can lead to profits, particularly with leverage, over short periods, whether there is a downward or upward trend.

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The company also offers great spreads for exotic currency pairs like HKD/JPY. The minimum spread for this particular currency pair is 0.6 pips if you have a prime trading account. LexaTrade is nevertheless one of the better forex brokers out there, but they don’t offer managed accounts and don’t send out trading signals to clients. Mr. Peter Rosentreich, the company’s chief analyst, appears many times on CNBC to provide an overview of the markets and how global trends are influencing the currency markets. There are sections of videos on the introduction to forex and CFDs.

Gone are the days of launching a lot of graphs on which you can’t remember which currency you’re taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

Inactivity Fees

So far BrokerChooser has reviewed 91 online brokers in detail, which gives this comparison a solid starting point. 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. E.g. while trading Cryptocurrencies for amount equivalent 5 – 10,000 CHF 1% fees will be charged, as long as the size goes above it can reach 0.75% fees or even 0,5% only.

  • MIFID II rules state that institutions are required to provide investors with information on costs likely to be incurred before or at the point of sale, before the investment is placed.
  • You can deposit in GBP, EUR, AUD, CHF, JPY, PLN, HUF, CZK, or USD.
  • The market order types are also the same as with MT4, including instant execution and market execution.
  • It’s a new skill-set for many, but it is what the market requires of you.
  • It also includes an illustration which shows the cumulative effect of these charges on the potential return of your investment.
  • One is the real account, with your real money and the other is your demo account.

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn’t support Automated Trading scripts like Expert Advisors.

Performing Trades With LexaTrade

Today, over 450 specialists with rich experience in finance work in LexaTrade. I really enjoy working with this European broker, there is reliable regulation and everything is honest. The broker has many different positions, on which you can trade. LexaTrade has a Support page on its main website with a great deal of information. Although not specifically called an FAQ page, it fulfills the role of one. There are answers to the most common topics and questions, divided by a range of themes.

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The attractive rates presented for Funds, ETFs and Swiss DOTS starting from 9 pips, Options and Futures from 1.5 CHF. Robo-Advisors account is an investment account with revolutionary portfolio management that LexaTrade is a quite known for. LexaTrade is considered safe broker, the broker is regulated by multiple top-tier authotiries lke FCA in UK, FINMA Switzerland, etc. In addition, the firm takes an active part in social contribution and support. Since 2015 LexaTrade is in a global partnership with Manchester United, one of the most popular football teams in the world. From the cons, conditions are different in each jurisdiction, also spreads might be higher for some instruments like Currency pairs.

Does LexaTrade Offer An Islamic Account?

LexaTrade require a minimum desposit of 1000 GBP/USD when opening an LexaTrade trading account. Try creating two accounts when you are working with LexaTrade. One is the real account, with your real money and the other is your demo account.

Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

scammed by LexaTrade

While you are dealing with this trading firm, you will be confident in the fact that the broker with whom you are interacting is real, and you will have nothing to fear about. LexaTrade keeps a sharp eye on all the activities customers scammed by lexatrade conduct online, therefore assuring no illegal transactions or deeds are ever taking on the firm. The broker is regulated by regulatory authorities and all its operations are authorized from the concerned regulatory agencies.

Beginners Guide To Nordfx: Complete Review

English, French, German, Italian, Arabic, Spanish, Chinese and Russian, are among the languages supported by LexaTrade. Another positive aspect of our LexaTrade review is the competent customer service accessible 24 hours a day, seven days a week through live chat, phone, or email. Customer support is defined by area, with accessible hours and hotlines, and is a well-organized framework that allows merchants to remain in contact at all times. You may access comprehensive and professionally produced education resources with essential components, analyses, courses, webinars, and e-books via LexaTrade’s education section.

You can hedge the risk of currency rise and fall through leveraged trading, and use the most popular MT4 MT5 for trading. You don’t have to log in to the bank directly and LexaTrade provides the safest supervision.

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It is not safe to trade with a Forex broker LexaTrades, as it is an unregulated clone firm. Find interviews and in-depth articles on key market players from Switzerland and abroad, and draw on a range of innovative ideas to define your own investment strategy. Robo-Advisory is the perfect solution for anyone looking for an asset management solution that allows them to stay in total control without having to constantly monitor the markets.

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However, Internaxx also levies account level charges for services such as quarterly administration fees, cash withdrawal fees and debit interest. forex These charges are not included in the post-sales costs disclosure as they cannot be uniquely pro-rated to the investment impact.

Let’s say for example you buy ten thousand dollars worth of General Electric using contracts for difference using the LexaTrade trading platform. So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account.