‎Lexatrade Ctrader On The App Store

But first, we were required to submit a ‘withdrawal request’ from our Secure Client Area while lexatrade scammers platform review. Thereafter, the profits were transferred to our bank account within 48 hours.

This unique platform offers a trade copy for easy onboarding. Then select the system you want to mirror and begin trading. There are no volume-based fees and you don’t have to install or learn to operate the software. Other fees may also apply if additional funding transfers are required. 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. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid. Lexatrade is the largest True ECN forex broker in Australia offering spreads from 0.0 pips.

Lexatrade offers a suite of three trading platforms suitable for web-based and mobile trading that can be used across all devices. While none of them is a proprietary trading platform, traders are left with the choice of trading with the third-party platforms.

It is not enough to feel like a professional and be confident in your knowledge and skills. You are required to prove how much you have earned as a trader and pass a test that is checking your knowledge of the matter. In our Lexatrade review, you will find a comprehensive guide on using the main features of the service. We always give our honest opinion on all the main features a trading platform offers. IC Market has fewer trading instruments than other trading platforms offer. PublicFinanceInternational.org helps traders and investors, from around the world, navigate the complex world of online brokers.

Customer Service

A look into Lexatrade customer reviews and comments will give you more than one reason for opting for this trader. Moreover, if you are willing to go into the partnership with the broker there is an offer by MAM and PAMM multi-account management systems that are flexible and easy to use tools. In addition, Auto trading compatible with all broker’s platforms, EAs at MT4 or MT5 myfxbook at cTrader platform and as an addition, ZuluTrade is available too. ZuluTrade is one of the best social trading platforms that allow to choose among thousands of talented traders and to follow their trading signals for free. CTrader ECN account offering approximately the same feature as MT4, but with the difference of the platform that is used by mainly professional traders of a bigger size. The applicable spread also starts at 0.0 pips and commission of 3.00$ per 100k traded that serves execution through Equinix LD5. Lexatrade is an ECN trading environment provider that brings true spreads from 0.0 pips from the liquidity suppliers from over 50 different banks and dark pool liquidity sources across 60 forex pairs.

Lexatrade is a choice for high volume traders, scalpers, EA traders and robots that can enjoy no dealing desk with no manipulation at the prices. The Lexatrade entity regulated by the FSA of Seychelles offers 3 main account types. Raw Spread cTrader, Raw Spread MetaTrader and the Standard Account. Each is fast and simple to open with a low minimum deposit of $200. While scammed by lexatrade there will be a learning curve for beginner traders for these platforms, it’s well worth it as there are a lot of features available. However, if you’re looking for a quick and simple way to buy and sell, then use the mobile app as that is the fastest way. Forex, indices and stock trading fees are very competitive with Lexatrade and better than the industry average.

Lexatrade Non

Let us talk about some advantages of the trading platform in our Lexatrade review. As has been mentioned above, you can choose a type of account that will be suitable just for you on MC Markets. If you are new to this platform and sphere, you might be struggling with deciding which one is good for you. If we look at how users‘ money is kept, Lexatrade can be considered a safe platform. Some special trust accounts are created so that they are connected to some trustworthy Australian banks. All of the information and materials available on PublicFinanceInternational.org is not financial advice and is for general informational purposes only. Nor PublicFinanceInternational or any of our affiliates makes any recommendation or implies any action based on the information we proved to you.

Australia’s forex borders are all but closed at this point. Lexatrade strives to offer not only the best technological solutions but understanding the necessity of good quality customer service and support. The broker support available 24/7 and runs customer offices in various regions, so that all global is covered with Lexatrade available to answer or assist teams. Mobile Apps are also available and are very useful for modern traders stay updated with market conditions on the go.

Lexatrade website

Lexatrade is a broker with good reputation, great selection between platform including MT4, MT5 and cTrader platform, education provided for free and 24/7 customer support. There is a selection between spread basis and raw spread accounts also various instruments are available. However, the offering is also geared to beginner traders with access to trading courses, market research, webinars, customer support and demo trading accounts to practice and hone your trading skills. Lexatrade is regulated around the world, providing a very competitive offering to traders. From our live testing, we found the trading fees such as spreads and commissions to be better than the industry average. Lexatrade is a top-notch broker for serious Forex traders and is regulated by financial bodies such as CySEC, ASIC, SCB and the FSA of Seychelles.

Lexatrade Pros And Cons

With Lexatrade you can deposit funds instantly and fee-free using a variety of methods. The full range of methods are clearly highlighted in the client portal area with a few highlighted below. In our live customer support test, we first called the telephone number on the website. It didn’t connect, even though we tried on two different occasions in the week. You can access customer support in a variety of languages which include English, Chinese, Indonesian, Italian, Spanish, Portuguese, Thai and Vietnamese.

The Forex pairs include majors, minors and exotic currencies while commodities include metals, energies and softs. The learning curve is small for the mobile app and a great place to start trading. The Quotes icon allows you to see real-time prices quotes of the instruments available to trade on.

Lexatrade website

One key area where many traders feel Lexatrade falls short is in research and education resources. This combined with the high available leverage and lack of balance protection makes Lexatrade a riskier choice overall for both new-to-forex/CFD traders and risk-averse traders. ☑ Overnight fees and fees for trades open more than one day may apply to exotic currency pairs. The commission-free standard account offers an all-inclusive spread starting at one pip using either the MetaTrader 4 or MetaTrader 5 platform. As such, Lexatrade is not the first or even the second Australian-based forex broker to wake up one morning and discover its ability to serve international traders has been at least partially revoked.

CTrader is one of the most beginner-friendly third-party trading platforms available. It has a modern interface, integrated educational content, and innovative risk-management features. Additionally, the costs on Lexatrade’ cTrader Raw Spread Account are lower than those on the other two accounts. While most UK residents will prefer to have their trading accounts denominated in GBP, some traders may want to have multiple accounts with different base currencies to avoid paying conversion fees. The wide range of base currencies available at Lexatrade makes this possible. Overall, Lexatrade offers a wide range of deposit and withdrawal methods, but it charges a 20 AUD fee on withdrawals for international bank transfers, which is relatively expensive. In line with Anti-Money Laundering rules, Lexatrade does not process payments to third-party accounts.

Lexatrade website

The Lexatrade Ltd entity operates /eu and is authorised and regulated by CySEC which is considered a tier 1 financial regulator. We also found the broker is very transparent in its dealings. All of its entities provide clear information on what protections you have or do not have. This is important as the broker is being upfront about how they will treat you as a client which is always good to know. They also provide more protections and safeguards than is required, meaning they take your safety seriously.

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. On the whole, copy trading is useful for traders who are interested in the financial markets but lack the experience and knowledge. One of the benefits of using the Myfxbook Autotrade copy trading platform is its functionality. It offers multiple copy trading modes and there is no limit on the number of Strategy Providers that can be followed. The newer version of the MetaTrader platform suite, MT5 is being adopted by more traders all the time.

  • MetaTrader 4 is available for both iOS and Android, and we tested it on both.
  • In order to use this service, traders will have to pay a total of a 2.2 pip mark-up on the spread, which is relatively high.
  • Lexatrade offers a range of account funding and deposit methods, including bank transfer, debit cards/credit cards, and various eWallets.
  • The staff will answer any queries from the clients apart from occasionally offering advisory services on the product to the clients.
  • In our live customer support test, we first called the telephone number on the website.

The desktop platform takes some time to get used to as there are a lot of customisations available that you don’t have on the web platform. For example, the desktop platform allows you to have multiple charts open at once and you can organise them in any size you wish.

Lexatrade website

While the services and products are mainly geared towards professional traders, beginner traders will find a lot of support and useful lexatrade courses scam tools. You can trade more than 1,700+ financial CFD instruments covering forex, stocks, indices, cryptos and commodities.

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