Several people also suggested that the company manipulates data in order to benefit them. This website does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Trading Brokers have spent thousands of hours researching and conducting in-depth analysis on hundreds of online trading brokers. Formula Investment House Ltd is an investment firm registered in the British Virgin Islands. It is licensed and regulated by the British Virgin Islands’ Financial Services Commission , which is considered by many experts as a tier 3 financial regulator.
I have nothing against reputable Forex trading companies as long as they follow the rules and put their customers first without any fraudulent activities. It is definitely possible to make money as Forex trader, I personally know a few people who supplement their income with trades, but there’s also not a lot of room for mistakes. Forex trading has been around for a long time and there is still a lot of controversy surrounding the opportunity. LexaTrade is recommended fro trading because you can get your money back easily.
- The UK, Cyprus, and Hungarian subsidiaries serve clients from the European Economic Area, while the BVI-based firm serves international clients from Asia, Africa, and the Americas.
- LexaTrade is also legally allowed to operate in India and many other countries.
- Spreads are relatively competitive but there is no discount offered for large trading volumes.
- Trading Brokers have spent thousands of hours researching and conducting in-depth analysis on hundreds of online trading brokers.
- Opportunity to trade over 600 assets CFD, including Gold, Silver, Indices, and Stock CFDs.
- I’d like to view FOREX.com’s products and services that are most suitable to meet my trading needs.
With tight spreads and no commission, they are a leading global brand. LexaTrade is one of our preferred Forex brokers; we recommend LexaTrade while keeping in mind the reputation, customer service, and trading features of LexaTrade. They provide Forex CFD, Commodity forex CFD, and Cryptocurrency CFD trading in one single account. You can also avail Bonus deposit while depositing into your account. All the financial transactions with LexaTrade carried out through encryption services such as firewalls and Secure Socket Layering .
Experience MT4 at its best with reliability, integrated insights and account management features. Use our customizable drawing tools and indicators, and trade directly from the charts. Trade with a global market leader with a proven track record of financial strength and reliability. It’s the most in-depth online business training course I ever had the pleasure of joining and I highly recommend it to anyone who wants to make money online. You need to go through a complicated process to simply receive the money that you earned from your trades. For instance, there are many papers to sign, and even when you do sign them and send them over, it still takes a long time to receive the payment – if you ever do.
We would also recommend that users keep in mind the server time where they are based. Want to see what a certain financial instrument has been up to in the recent hours, days, weeks or years? The charts on the LexaTrade trading platform are provided by a leading third-party company and feature historical and current market rates. You can use them to check an instruments’ stock market performance, calculate changes or conduct analysis. You can also use our Indicator Wizard to apply various technical indicators on the charts. LexaTrade India– LexaTrade is one of the most trusted names for online trading since 2004. LexaTrade started its online trading service in 2004, and it is serving the Forex traders all over the world since then.
Its a great platform for treading, i forex app is very user friendly and easy to handle,m very happy to tread with i forex app. Select from 750+ trading instruments including commodity, share, index, ETF, crypto, and currency CFDs. For people who don’t like to trade and don’t want to risk their cash, there’s an easier way to make money online.
Using the mobile platform, you’ll gain complete access to your wallet, balance sheets, equity, and margin details, as well as a customizable layout for easy usage. The broker also provides the mobile application of their trading platform to help their clients trade on the go. The app is customizable and easy to use, with execution gestures like the Swipe-to-Close function and complete access to the wallet, balance sheet, equity, and margin details.
Reliable, updated information is extremely important for investors. That’s why we source leading independent trading resources and present them here at your convenience. For other independent information resources, see the Economic Calendar, Market Signals and live charts. Trading lexatrade scam can sometimes be like a rollercoaster, especially when using leverage, and we want to make sure that you never end up in a negative balance. Demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option.
Hence, you must learn to manage risk and trade responsibly to earn profit in Forex trading. LexaTrade free educational materials can help you gain the required knowledge to trade Forex responsibly. LexaTrade has no mention of complying with any Indian regulators on its website. However, LexaTrade is one of the trusted brokers with clients from all over the world. It has a dedicated telephone number and website for its Indian clients. It is one of the trusted Forex brokerage company with thousands of satisfied traders using its Forex and CFD trading services.
Index, Commodity, Forex, Share, Crypto And Etf Cfds Receive A Free 1
The higher the spread, the more the company makes on the exchange. LexaTrade has a really high spread, and it takes cryptocurrency a lot of money out of your winnings. Secondly, the spread is quite high especially compared to other companies.
Third, the customer support rarely replies to complaints and doesn’t seem to care about solving their issues because the same issues have been plaguing the company for several years. There are many complaints from people who attempted to get in touch with customer support only to be told that the support team will look into the issue and then never receiving a response. The LexaTrade Group is an online brokerage firm with several subsidiaries that are regulated in different jurisdictions. The UK, Cyprus, and Hungarian subsidiaries serve clients from the European Economic Area, while the BVI-based firm serves international clients from Asia, Africa, and the Americas. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
Leverage Our Experts
For withdrawals, a charge up to $20 may be applied, depending on the payment method and withdrawal size. Withdrawals can take up to 28 working days to be processed, which has unsurprisingly led to customer complaints online. A $15 quarterly inactivity fee is charged to accounts that have been dormant for 12 months. Also, when trading shares, ETFs, and CFDs with leverage, there is an overnight financing charge, which starts at 5% per annum for indices and 2.5% for commodities and cryptocurrencies. But for the most part, trading fees are around the industry norm and there aren’t hidden additional costs to be wary of. Spreads are relatively competitive but there is no discount offered for large trading volumes. Spreads on major currency pairs, such as the EUR/USD, start from 1 pip.
LexaTrade provides insight and advice on trading conditions, live rates, platform downloads, and much more via the live chat function. To access live chat, go to the LexaTrade trading platform login page and you’ll find a chat icon at the bottom of the screen. A trader with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency , Options and Indices.
LexaTrade offers trading in over 800 instruments spread across six asset classes, including currencies, commodities, indices, shares, cryptos, and ETFs. The broker provides their clients with live trading signals from an independent signal provider. It should be noted that there is no guarantee on the performance of results when copying trading signals. You should have a clear understanding lexatrade of the significant risks involved with trading online. The Data shouldn’t be construed, directly or indirectly, as investment advice and/or recommendation of LexaTrade or on its behalf. LexaTrade does not, and will not, assume responsibility of any kind regarding the Data. Users should always apply discretion, caution and consult with independent licensed financial advisor.
Start With A Demo Account
It is imperative to ensure that you check and understand all of the latest information before you open an LexaTrade broker account for online trading. LexaTrade has specialty education guides that provide traders with relevant information to start trading forex and CFDs online. Each unique learning guide is easy-to-read for traders at every experience level.
LexaTrade offers users the option to trade on their mobile through the LexaTrade mobile app. The app is downloadable free of charge and compatible with both iOS and Android devices. It’s easy to navigate and offers all the features and tools available on the web platform.
For deposits, LexaTrade permits payment via bank transfer, credit and debit cards, plus eWallets, such as CashU, Neteller, Skrill, and PayPal. Funds transferred via bank transfer may take between 3-5 days to show in your account. The only downside is that it doesn’t facilitate access to many of the functions offered on a platform such as MT4. For example, EAs and social trading are not available and users are not able to trade with a VPS.
LexaTrade do not charge any commission for opening positions, though there is a spread between the buy and sell rates which has a mark-up to cover broker costs. The broker has a comprehensive video course that can help traders of all levels, regardless of their previous trading experience.
Advanced Trading & Analysis Tools
Skilling are an exciting new brand, regulated in Europe and beyond, with a bespoke browser based platform, allowing seamless low cost trading across devices. Build your confidence and knowledge with a wealth of educational tools and online resources. Take control of your trading with powerful trading platforms and resources designed to give you an edge. If you are looking for an Indian regulated Forex broker, then LexaTrade doesn’t meet your expectations. If you are looking for a trustworthy international online Forex broker with decades of excellent track record, then LexaTrade is one of the best.