LexaTrade Review 2021
LexaTrade is a well known name in the world of binary options. Offering 24/7 trading, this broker offers over 250 underlying assets in six different trading formats and serves 500,000 clients worldwide. Offering returns of up to 85%, LexaTrade is a regulated and authorised broker, being registered with CySEC for the clients’ peace of mind. Their online account registration process is very simple and trading is intuitive and convenient through the Spot Option trading platform. With a good choice of deposit and withdrawal options and a high quality, multilingual customer service team who can be contacted via numerous methods, there is a lot going for this broker.
As the broker mentions it always aiming to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed. As well, always give additional days for your payment to proceed with the transaction once it is already confirmed and done by LexaTrade.
Although we found some very useful aspects of the LexaTrade platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative LexaTrade broker. We tested communicating with LexaTrade support in multiple languages in multiple countries. We sent messages to LexaTrade livechat through their app and website and recieved a response within 20 minutes. All available LexaTrade payment methods available to you can be found in your LexaTrade members area checked on the LexaTrade website. Please note that the list of LexaTrade payment methods belowdepend on the LexaTrade Entity and the Clients Country of Residence.
This means that profit can be realized after a long amount of time, especially if you only invest on a few currencies. Returns can be gained faster by trading after little appreciation or pips; however, expect that gains will be also low.
Broker By Country
Here we will see exactly what is on offer in this regard when you are trading at LexaTrade. scammed by lexatrade The broker will also generally cover any fees which you may incur in making a deposit.
Hi Anthony, we are sorry to hear that you feel this way. We would like to investigate this further for you but we are currently unable to identify your LexaTrade Account through your Trustpilot username. We have invited you to share your LexaTrade account details and we look forward to hearing from you soo to assist you further. Overall for the moment I’m satisfied with what she provided from explaining to suggesting seminars that can help me to have a good view about Forex trading market. This is my own opinion and what I’m writing is from my own experience with Dona Gabriel account manager at LexaTrade. So I had some issues with my skrill account and there was some difficulties but I was happy to be resolved.
How Does A 50% Revenue Share Commission Plan Work?
Nevertheless, withdrawals below $500 come with a fee of $25. The broker processes withdrawals within one business day and makes sure that your profits end up safely in your account.
All non-invested client funds up to 20,000 Euros are also covered by the Cypriot Investor Compensation Fund in the event of the broker’s insolvency. I attempted to find negative reviews of LexaTrade and they are few and far between. The majority of bad reviews are from people who were ignorant with their trading methods and are now blaming the broker.
LexaTrade Trading Platform Options
If you’re looking to trade the forex markets, you can choose from all major currency pair CFDs, most of the minor currencies and a number of exotic pairs. And the amount of money that you need to initially shell out is based on the current offer.
A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses. Any payments funded to LexaTrade accounts by traders are held in a segregated bank account. When choosing a broker like LexaTrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion.
This is needed not only to fulfil legal purposes but to also ensure client protection. It is free to sign up for a LexaTrade account and you don’t have to make a deposit. In addition, they also organized to play PnL with IB partners, how the customers burned and lost their accounts as lexatrade forex brokers reviews quickly-as much as possible, the account customers were very excited. LexaTrade is not regulated by a top tier financial regulator. We have covered allot in this LexaTrade review, If you want to see how LexaTrade compares side by side with other brokers check out our LexaTrade Vs pages.
LexaTrade Review 2021: Unbiased Pros And Cons Revealed
There are however, more than 10 offices around the globe, catering to traders the world over. Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved. Overall, there are more than 250 underlying assets to choose from with this binary options broker. It is a good idea to develop your trading strategy using the demo account. BDS Ltd (License No. SD047 – Domain global.LexaTrade.com) is a financial services institution outside the European Union Area, which is subject to the supervision of the Financial Services Authority . It is armed to the teeth when it comes to supporting its clients. It also provides multiple trading options for you to do everything in one place.
The only exceptions here may be if you deposit a non-base currency, or have a fee from your bank for using a wire transfer. Here is everything you need to know when it comes to making a deposit with the broker from the minimum deposit needed, to all the methods that are accepted. First the client must have a trading volume of 15 times bonus size, then they increased this to 30 times. They will continue to change the rules so that you can lose more money. The company also offers binary options, which may increase the risk exposure. Hi Otuata, we are sorry to see that this delay has affected your LexaTrade Experience.
The trading costs on the individual account type start from a spread of 1.5 pips on major forex markets. Trading CFDs, FX, and cryptocurrencies involves a high degree of risk.
Should anything go wrong with LexaTrade you are not guarenteed help in a difficult situation. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Binary Options are considered financial assets. Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.
- Client funds are kept in separate accounts and when a withdrawal is requested, the LexaTrade financial team starts processing immediately.
- All you need to access the live chat is an email address and a user name.
- Known for quickly taking Europe by storm in binary options trading, LexaTrade now offers traders the advantage of both Forex and CFD trading.
- They will continue to change the rules so that you can lose more money.
- LexaTrade Group offers leading Forex and CFD investment services to more than a million clients worldwide.
- The methods including a wide range of payment options yet may vary according to the country regulations and your residence so always good to verify this information with the support center as well.
We are delighted to see that you are satisfied with our Team’s support. We hope you continue to enjoy using our services and products. Our Team is always at your disposal should you require any further assistance. The broker offers more bonuses for trading binary options than the Forex section.
LexaTrade also introduced the opportunity to trade cryptocurrencies as CFDs. The classes deal with various topics, from the basic concepts of forex to the more advanced trading strategies. Keeping trading commission free also means that you don’t have to calculate additional commission charges on your orders. This tool is very useful for beginners who don’t have a lot of experience. It’s important to mention here the leverage is the same for every position you open. It’s possible to set the leverage directly on your dashboard before starting to trade.
To complete the withdrawal and receive your money, it usually takes from 3 to 5 working days. The fastest way to deposit is with credit card or by using one of the Moneybookers. forex Making a deposit by wire transfer takes usually 4 working days. With today’s busy lifestyle, it’s a fact that most people can’t spend a lot of time in front of their laptop.
All you need is to put your name, contact number, email, and your LexaTrade account password. Of course, you need to agree to the company’s terms and must be 18 years old or above.
The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card.