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You can either place trades that replicate these traders completely or you can control the trades that you would like to make on a case by case basis. ZuluTrade is particularly interesting as it ranks traders and you can follow only the most profitable. lexatrade forex broker Firstly, they use some of the best-known liquidity providers in the world including the likes of Citi, UBS, JP Morgan and Goldman Sachs. They also use dark pools for hidden sources of liquidity. We would always opt for a desktop version of the software.
Did you have a good experience with this broker? Tell our team and traders worldwide about your experience in our User Reviews tab. I find the account opening process at Lexatrade among the lexatrade scammers best I have encountered. It takes less than two minutes, and Lexatrade does not ask unnecessary questions. Traders may use their Google or Facebook accounts to complete the first step.
What Are Lexatrade Trading Platforms?
You can access customer support 24/7 through the live chat feature and telephone number on the broker’s website and in the client portal area. If you click on an instrument it will give you several options including Chart and Trade. Chart will take you to a live chart of the instrument. Here it is simple to view different timeframes, as well as perform technical analysis using drawing tools and technical indicators. The commodity trading fees, while still competitive, were just in line with the industry average. The stock fees were also surprising too as there is no commission to pay to buy and sell as there are for many other brokers. Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors.
International Capital Markets Pty Ltd started in 2007 in Sydney, Australia, and its name has since been thrown around in many top broker discussions. There’s a good reason for that, and we are going to go through it in our Lexatrade.com review.
It also provides cTrader cAlgo, and the Myfxbook AutoTrade trade copy service and supports the use of ZuluTrade. Both MT4 and MT5 are available on the Standard and Raw Spread accounts. CTrader is available on the cTrader Raw account. Lexatrade offers accounts in the following currencies, USD, EUR, AUD, CAD, GBP, SGD, NZD, HPY, HKD and CHF.
Deposit And Withdrawal
On the flip, proposal vary according to the entity and is larger via offshore entity, we found some spreads higher than average. In October 2020, Commissione Nazionale per le Società e la Borsa blocked Lexatrade’ operations in Italy due to continuous violations of the regulatory provisions.
The mobile trading platform of Lexatrade is also supported by Meta Trader 4, but it is significantly better looking than the web version. The commission-free standard account offers an all-inclusive spread starting at one pip using either the MetaTrader 4 or MetaTrader 5 platform. Free demo account allows access to all trade types and markets. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com.
Raw Trading Ltd Fsa Seychelles
These are gone for the tenderfoot Forex merchants. They are accessible in iOS and Android and have a scope of highlights.
- Aside from the Zulu Trade integration with Lexatrade, this broker also offers extra features like integrating MetaTrader 4 with some improved trading tools.
- To verify the account 100 points are required, based on the documents submitted.
- The minimum deposit applies to all three account types offered at Lexatrade.
- The steps are easily understandable, making the process easy for everyone.
Furthermore, Lexatrade participates in an investor protection scheme, and residents of EEA countries such as the UK receive investor protection up to 20,000 EUR. I have personally used the cTrader accounts, the standard account and the raw spread account. My favourite is definitely the cTrader account purely because I love the cTrader platform itself. The account though is identical to the raw spread account in terms of execution and costs. Our Lexatrade review also shows that traders need not pay any commission fees on deposits or withdrawals.
Well, the MT4 is a more “battle-tested” platform that is well known by millions of traders. There are more integrations for it and more trading communities know how to develop on it.
You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. In order to open a live trading account, customers need to make an initial minimum deposit of at least $200. Lexatrade offers 4 account types with slightly different features. The accounts are known as the standard account, cTrader raw spread account, the raw spread account, and the Islamic account.
Do not fall off their trading schemes, it is a trap. I have nothing good to say about this broker service. They are very rude and the results are very poor. Not an honest company, bad experiences at every turn. Stay away from them or you will lose a fortune.
Both of these platforms do not have any restrictions, which makes them perfect for active traders who need lots of flexibility and control. Autochartist is an automated analysis tool offered through Lexatrade’ partnership programme, so there is an additional cost for using the service. Traders will have to contact customer support for more details regarding these costs. Zulutrade, a third-party platform, is a peer-to-peer social trading application lexatrade forex broker where traders can choose among thousands of registered traders from 192 countries. Traders are ranked using “ZuluRank” according to a number of different metrics, including their overall performance, stability, maturity, exposure, and minimum equity required. Managed accounts are great for beginner traders who have limited experience with trading. MAM stands for Multi-Account Manager which permits a range of customisable ways to sub-allocate trades.
Beginner traders will benefit from Lexatrade’ exceptional customer support, available 24/7 to help with any account or technical queries. However, while its education section is more comprehensive than most other brokers, it offers a fairly limited selection of market analysis materials. The automated trading system utilizes intelligent algorithms to trade foreign currencies at a given time based on the parameters set by traders. In our search for finding trustworthy & top forex brokers, we came across Lexatrade. By its popularity and ability to fulfill traders’ needs, we decided to conduct the Lexatrade review to find if it is the right fit for online trading or not. I like that Lexatrade offers the full suite of MT4/MT5 and cTrader trading platforms. It also presents its MT4 Advanced Trading Tools upgrade.
These are trading platforms that are developed by the MetaQuotes software company. They also offer the cTrader software suite that is developed by Spotware. As mentioned above, their are quite a few account types that you can open at Lexatrade.
You can see the entirety of the record highlights offered by Lexatrade here. As referenced above, there are many record types that you can open at Lexatrade. These will vary in the kinds of spreads you will be charged, the stage that you will utilize and the ensuing resources that you can exchange. IG’s commitment to providing clients with timely and informative research is noteworthy. There is something for both those that like to read and those that prefer to listen or watch. The one criticism is that the links on the U.S. site direct to the U.K.