Trading in CFDs and other instruments becomes easier as more information about the various techniques on the site helps traders avoid high-risk trades. It is necessary to know more about the CFDs and instruments markets where investments are being made. Unfortunately, what LexaTrade offers on this score is not adequate. The most notable tool in LexaTrade’s offer is the WebTrader platform.

Most customers were able to access their funds within 2 months. The Australian and the Cyprus subsidiaries were not affected. The initial platform was based on a Windows OS. In 2010, LexaTrade launched a web based version of its online trading platform, allowing Mac and Linux users to trade online. In 2011, they launched their first app for iPad stock market and iPhone users. EToro offers two copy trading tools, CopyTrader and CopyPortfolio. With the CopyTrader tool you can copy the trades of other eToro investors after browsing through their public profiles to assess their portfolios and risk score. The minimum investment is $200 for one trade and you can copy up to 100 traders at one time.

Commodities Cfds You Can Trade With LexaTrade

Another disadvantage of using the LexaTrade platform versus third-party platforms is that none of the trading tools available on the Metatrader can be integrated directly into the LexaTrade platform. Additionally, traders who use third-party platforms such as the Metatrader suite can take their own customised version of the platform with them should they choose to migrate to another broker. The overnight funding amount is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”). While LexaTrade is a market maker, as soon as a client places a trade on the platform, an automated system sets a hedging trade to protect LexaTrade against any potential loss. Because it is a closed system where LexaTrade is the counterparty, there are few requotes and fast trade execution. 1) LexaTrade are a market maker broker , they make there own market. When you trade with LexaTrade they are counterpart to a clients trade while setting the price.

LexaTrade is a European derivatives broker focusing on contracts for difference . CFDs are similar to binary options in the U.S. where traders take all-or-nothing bets on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across forex the globe and LexaTrade offers a wide array of tradable markets using these instruments. Additionally, you can use leverage to increase your purchasing power which maximizes both potential profits and losses. But, LexaTrade provides negative balance protection which means that your account balance cannot drop below zero.

If you already have a LexaTrade demo account, you can open a real money account by clicking on the Real Money or the Real Money/Demo Mode switch button in the trading platform menu. ICO (cryptocurrencies) I like the trading environment at LexaTrade for manual CFD traders who do not mind slightly higher costs. LexaTrade is a well-regulated and publicly listed company in the UK.

What Type Of Broker Is LexaTrade?

To add an extra layer of security, it’s possible to enable a 2-step authentication via your mobile phone. In addition to your username and password, LexaTrade will require you to confirm your login with a code that will be sent to your phone. Moreover, as I mentioned earlier, it’s listed on the London Stock Exchange, so it has to pass rigorous tests and comply with London stock exchange requirements. If you are a beginner or your investment profile is less risky, you could take a look at other products such as DEGIRO or eToro.

Otherwise, you can adjust the number of contracts accordingly. This section of our LexaTrade review is especially helpful if you’ve never traded online before. Overall, the asset portfolio options of LexaTrade are quite impressive and a good route to make money. At the time of thisLexaTrade review, it is seen that most traders lexatrade official site fall into the first three categories called WELCOME, BRONZE, and SILVER. Stop – This is a pending order where the entry is at a pre-fixed level, which might be above or below the current market rate, depending on whether the intention is to buy or sell. The expiration time of the order can also be selected by the trader.

Tools

Any broker that has to market as aggressively as LexaTrade is a major red flag. When people loose money they keep them around until they go bankrupt. It says somewhere 80% of people lost their money in LexaTrade. Loves taking people’s money but can’t man up and accept losses. It’s like a lotery game that hides the winning number forever.

Limit – In this order type, a limit is set on the volume of trades performed within a predetermined trading level and avail guaranteed stop loss. WebTrader, being a platform of LexaTrade, is regulated by the financial authorities of New Zealand, South Africa, and all other countries it operates in. There are primarily three basic order types, and clients can link “take profit” and/or “stop-loss” orders to them. Review LexaTrade of WebTrader throws up certain cutting-edge features. Clients can select from 2,000 instruments, scrutinize their selection on a tailor-made technical analysis chart, and place their trades with just a few clicks from the same window. Assured stop-loss orders may be used on specific instruments and CFDs based on market conditions, but these are subject to a broader spread.

Trading Accounts Of LexaTrade

When opening a trading account with LexaTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download lexatrade reviews the trading platform of your choice. You can find detailed guidance on LexaTrade trading platforms here. You will need to provide some basic documentation to prove your identity as part of LexaTrade onboarding and normal KYC identity checks.

LexaTrade is a regulated brokerage firm with subsidiaries in the UK, Australia, Cyprus, Singapore, Israel, and Seychelles. The company is regulated and authorized by top financial authorities, including the Financial Conduct Authority , the Australian Securities & Investments Commission , and the Cyprus Securities Exchange .

In addition, it has a wide variety of products/markets, roughly close to what other platforms are offering. Read on to find out everything you need to know about LexaTrade.

The platform is web-based with no need for any downloads or setup, but LexaTrade does not offer hedging, scalping, or copy trading. For example, a gold CFD will follow the price movements of gold, and if the price goes up, so does the CFD’s value. The trading platform comes from LexaTradeUK Ltd, and the company takes multiple steps to secure client funds and ensure a seamless user experience. Currently, LexaTrade has more than 2,000 instruments in its portfolio. For example, some brokers are required to deposit 6500 USD/GBP even some are required to deposit as high as 10,000 USD/GBP. This all will be according to your trading plan and requirements to avail from the platform. Similarly, there are different methods to withdraw funds as per users’ feasibility.

Forex Peace Army

Therefore, if you plan to execute many trades within 2 minutes, LexaTrade is not your broker. A financially strong parent company is a plus since it can provide the online broker with additional capital if needed. As of September 2020, the biggest owners of the company were mostly large investment banks and asset management companies, including JPMorgan. The biggest owner, Odey Asset Management, had an 8.48% stake. Alon Gonen, one of the founders, was also among the top shareholders, both directly and through Sparta24 Ltd. To practice, the best is to try out the demo platform, as with such you’d only lose money when trading from your virtual account. It is recommended to practice trade with the same amount of virtual currency as you would in real trading.

The Currency Conversion Fee is up to 0.7% of the trade’s realised net profit and loss, which is higher than fees charged by other CFD providers. Both CFD trading platforms are regulated by a European financial regulator and offer trading in CFDs for the top cryptocurrencies including Bitcoin, Ethereum, Litecoin. Both LexaTrade and AvaTrade allow users to trade on the go with their mobile apps. When compared to AvaTrade, LexaTrade supports a larger number of instruments including shares, commodities, and cryptocurrencies. Amateur traders who just want to test the waters will find invaluable features on the platform.

• It is recommended to practice trade with the same amount of virtual currency as you would in real trading.
• This section of our LexaTrade review is especially helpful if you’ve never traded online before.
• I had two small gold option trades which were break even and nowhere near a margin call then suddenly both positions were closed.
• This will give you immediate access to the charts data for all markets.
• Not only are there plenty of markets and instruments available for traders but the software is easy to use and the demo account has no expiration.
• LexaTrade offers a fixed or dynamic spread for its instruments.

You can contact customer support via 24/7 live chat, WhatsApp, and email. While there is no option to contact customer services via telephone, there is a convenient FAQs page featuring a wide range of relevant answers and information to the most commonly asked questions. LexaTrade offers two account types, a live retail account, and a paper trading account with £40,000 of virtual equity to practice your trading strategies in a risk-free simulated online environment. With LexaTrade you can receive SMS, email, and push notifications in real-time based on price alerts, daily and hourly percentage change, and traders’ sentiment. The alert setup process is streamlined and free and is compatible with all devices. To set an alert simply click on the alert symbol in the main trading window.