LexaTrade #1 Review In South Africa 2021

Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. During the research for this review, we called the Australian general enquiry line and found LexaTrade support staff to be very helpful. Others funding options are Bpay, FasaPay, broker to broker, POLI, Thai internet banking, Rapidpay, Klarna and Vietnamese internet banking. Currently, you can deposit using any major debit and credit cards, including Visa, Mastercard and UnionPay.

The LexaTrade market analysis section is also available through the trading platforms. Some LexaTrade accounts are commission-free, and some of them are commission-based. Because LexaTrade offer institution-grade liquidity, the spreads tend to vary as the prices you pay are derived from different liquidity providers. LexaTrade accounts allow you to integrate lexatrade rezension them with excellent social trading platforms. These platforms can be a godsend for beginners or professionals who just want to make comparisons with their favorite traders. International Capital Markets is a regulated forex CFD and ECN broker with headquarters in Australia. The instruments span Forex, Commodities, Stocks, Futures, Cryptocurrency, and Bonds.

News Feed

As you can see from the table below, spreads on the standard account are on average 1.1 for the EURUSD parity. If you are interested in other licensed brokers that offer competitive spreads, you can view the list by clicking the button below. Through its 25+ liquidity providers, the company has been able to maintain low spreads. For instance, the spreads on its cTrader and MetaTrader can reduce to 0.0 pips.

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Platforms And Tools

LexaTrade is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of LexaTrade AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission . Instead of using short-term marketing tactics to increase revenue, LexaTrade chooses to offer competitive trading costs and ECN accounts with raw spreads to attract loyal clients. The Advanced Trading Tools suite upgrades MT4 and into a competitive trading platform with features 20 exclusive trading tools.

• From our observations, the services offered by LexaTrade are suitable for both beginner and advanced traders.
• Spreads – This is the difference between the buy and ask price of a currency pair.
• To summarize all my writings, LexaTrade is a licensed and trusted forex broker known all over the world.
• The LexaTrade cTrader suite includes a PC, web and mobile versions, as well as automated trading software cAlgo.
• For high net worth individuals and institutional traders who want direct access to the liquidity providers, LexaTrade offers a FIX API.
• Client money is diversified in segregated trust accounts across multiple banks to reduce the credit risk and counterparty exposure.

The company is a true ECN broker, meaning that there is no sort of intervention between the client and the market. Neither does it have a dealing desk, which means that clients deal directly with the real interbank forex market. This boosts the company’s reliability and transparency from the clients. LexaTrade offers a wide range of markets such as forex currencies, commodities, indices, bonds, cryptocurrencies, stocks and futures. In the forex market, traders can take advantage of the tightest LexaTrade’ spreads, LexaTrade’ leverage across 60 currency pairs.

Raw Spreads Account

Never trade with money you cannot grant to lose, especially not with leveraged instruments like binary options, futures or Forex. Our website is not a way to solicit your participation in the forex trade. We offer signals indicating the trades that have higher chances of success. No past performance is indicative of the future results lexatrade website you may get from using the forex signals we provide. The high possibility that you could lose all your money is dependent on things like poor market conditions, errors, emotional responses and surprise events. We may receive sponsorships from industry affiliates but they do not obligate us to endorse or promote them or their products.

MT5 is not very different from MT4, but it has several added features aimed at appealing to new traders and even experienced traders who may want to try something different. The ‘Secure Client Area’ is where you will find the options available to you if you want to withdraw funds. It is an easy process that will require you to upload government ID, driver’s license, or passport for the Identity Confirmation part. For the Address Confirmation Part, you will have to upload utility bills or a bank statement and other indicated documents, so long as they are relevant.

Trading Products

LexaTrade provides you with a news feed on the desktop trading platform only. The quality of news is great and will make it easy for you to track price movements in correspondence with the news. With LexaTrade, you will get three high-quality trading platforms.

Every attempt is made to ensure information published is correct and up to date, however no guarantee or warranty is given as to its accuracy or reliability. When clicking on an “Open Live Account” button, you will have an opportunity to review the product’s terms & conditions on the provider or brokers web site. The broker rating displayed is only one factor to take into account when considering these products.

Review Of Markets And Assets Available

After you fill in the spaces as required, you will be allowed to fund your LexaTrade account and start trading. To break it all down, we will draw a table and use it to show you all the features. With this table, you should be able to figure out which of these accounts is the world currencies most suitable. The futures include the ICE Dollar Index and the CBOE VIX Index. The online futures-based CFDs are offered exclusively on the MetaTrader 4 platform. They select the most popular companies globally to ensure that the traders have the best trading opportunities.

LexaTrade has a reasonable sized customer support of at least 10. Although LexaTrade are not perfect we found many really useful aspects with the overall offering from LexaTrade. Our personal experience of trading with LexaTrade was very good. CFDs are leveraged products and can result in the loss of your capital. Take time to look around the LexaTrade platforms and train yourself to think more systematically and logically about the markets. It’s a new skill-set for many, but it is what the market requires of you.

Account types are some of the reasons why brokers are different. The spreads, commissions, platforms, financing rates, and other important details, are usually included in the account descriptions. We recommend the free LexaTrade demo for new traders who have not had much experience.

Any of the content related to educative content, you will find on the website in the ‘Education’ section and on the LexaTrade blog. The material is well-structured and covers very meaningful topics like risk management and analysis methods. When we called in, just to gauge it and were connected in about a minute. The staff seems to be well-trained and knowledgeable about what the clients need.

Besides the live chat option, LexaTrade also has a dedicated support email address (), where customers can send their queries. Based on our research regarding the major Forex brokers around the world, we have found the speed of trade execution of LexaTrade to be at 90 percentile rank.