WebTrader offers clients a streamlined trading experience with an intuitive interface suitable for both novice and experienced traders. There are currency exchange primarily two different types of brokers; companies that are aimed at smaller retail traders, and brokerages that cater to institutional traders.
When you want to withdraw your profits, you will have to provide an official document with a photo like a passport, ID or driving license. This LexaTrade CFD review lists the scammed by lexatrade main features and advantages of the CFD provider. For more detailed information, feel free visit the LexaTrade website or contact their always helpful customer support.
Account Opening Process
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. The LexaTrade proprietary trading platform offers an intuitive and user-friendly interface that is accessible from your web browser. However, you cannot integrate it with the top-rated MetaTrader suite.
Monitor your orders with LexaTrade and receive breaking news in your positions. LexaTrade offer an their own custom trading platform developed and tested in house. The LexaTrade trading platform allows traders to track their portfolios, forex indices track the current markets, locate trade ideas and place trades. A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.
Plus 500 is part of the FTSE 250 Index of leading mid-cap listed companies who have licenses in important financial hubs including, the United Kingdom, New Zealand, Australia, Singapore, and Israel. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. First of all, you should consider all the risks involved as trading always carries a risk and should not be defined as a source of income. What is more great, LexaTrade Guaranteed Stop Order is a specific feature that guarantees your requested rate, yet subject to a slightly wider spread. This is a very useful tool during high volatility conditions, which remains at your disposal but definitely worth considering to manage your risks better. Verify your account and identity by upload of confirmation documents – residential proof like a utility bill, copy of your ID, bank statement etc. Due to international branches almost all over the major jurisdictions, LexaTrade accepts clients from many countries around the world.
Who Can Open A Account?
The technical analysis charts offer more than 100 technical indicators that you can apply to many different time frames, from tick charts to weekly charts. You can now trade from anywhere and anyhow you want, thanks to the wide selection of payment options offered by LexaTrade. The broker ensured that the traders do not have any difficulty accessing its platform and the wide range of financial markets it covers.
Overall, the asset portfolio options of LexaTrade are quite impressive and a good route to make money. Index lexatrade website CFDs assist traders with a much-optimized diversification tool that matches the equity CFDs choice.
In fact, LexaTrade ranked fees through LexaTrade Review as its spread appeared among the tightest spreads and average or actually competitive ones in the industry, alike Bitcoin spread is 36 points only. While also firm is a listed official CFD provider which gives an extra level of security and more benefits to its traders. Yes, various LexaTrade reviews suggest that it is good for beginner traders as well—the existing user base of the broker report LexaTrade to be user-friendly. It is because LexaTrade has a high degree of operating efficiency, has a wide choice of trading options, and is very simple to use. There are also many trading opportunities in CFDs and other instruments on the LexaTrade platform. LexaTrade reviews show that every Bonus Code grants more capital linked to TraderPoints , which can be converted into cash that can be withdrawn.
Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. As a trader, you want to leverage all that this broker provides to get the most out of the CFD market. Among the many benefits is access to a wide range of financial asset classes, risk management tools, real-time alerts, and affordable fees. LexaTrade may be considered to have fallen a bit short of trader’s expectations when it comes to the choice of trading on an advanced LexaTrade platform. Traders will surely miss the flexibility and dedicated features that are usually available on installable interfaces. Professional traders will also miss the availability of MT4 or other popular trading platforms that are exceptionally popular among retail Forex traders.
This scheme is valid in select jurisdictions, only like Australia , Singapore, and South Africa. The bonus is flexible, and LexaTrade informs those trading CFDs and other instruments of the concurrent bonus plan by a LexaTrade bonus code on their trading platform or via email or both. There are 6 tiers of trading CFDs, with the seventh being a special bonus with the code that is valid only for the relevant section of the trading platform. Traders should thoroughly read the fine print of the LexaTrade Pty Ltd offer before opting for it. These dynamic charts can be seen as full-screen for greater clarity during the analyzing process.
Regrettably, WebTrader is not an open system, and professional traders cannot integrate third-party automated analytical tools directly on the platform. Also, some of the common features that are available on other platforms are missing on WebTrader. Some of them are the absence of automated trading through experts or trading algorithms, lack of back-testing functions, and not allowing clients to use third-party funds through MAM or PAMM platforms.
LexaTrade Leverage, Trading Features, & Spreads
Clients can access a completely free demo account which they can use to practice various trading strategies before placing any real capital at risk. LexaTrade is a global platform that offers trading services in the form of contracts for difference . As one of the world's leading brokers, LexaTrade offers a wide range of products to clients in over 50 countries across the globe. After its founding in 2008, this Israel-based brokerage quickly expanded its operations throughout Europe and the Asia-Pacific with fantastic results. A CFD brokerage primarily uses a market maker model with an internal dealing desk protocol. All clients’ orders are transferred through an automated dealing desk, where LexaTrade has total control over the flow of orders and is the ultimate market maker. Therefore, during times of low liquidity, LexaTrade does have the ability to absorb its clients’ orders and take the opposite end of the trade.
To calculate the margin needed to open and complete a CFD trade you need to know the leverage ratio. Maintenance margin – The minimum amount to keep the position open. You’re ready to start with a quick tour of the platform before opening your first practice position. LexaTrade has a dedicated FAQ section on their website with answers to their clients’ most commonly asked questions.
David Zruia, who joined the company in 2010, is both the Group Chief Executive Officer and Chief Operating Officer since July 2020. Traders now have the option to open and compare multiple charts simultaneously. It is done by going to the button with four quadrants on the chart’s toolbar and choosing up to 12 charts to open on the screen.
Trading On LexaTrade Web Platforms And Other Applications
It is considered as a safe broker because it is regulated with various regulatory bodies. LexaTrade is regulated by top tier international financial authorities, which includes the Australian Securities and Investments Commission and the UK’s Financial Conduct Authority . Beginning from 9th March 2018, the largest owners of the organization were big investment banks and asset management organizations, such as Morgan Stanley and JPMorgan. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. This Tuesday LexaTrade Ltd has reported a record year, with a sharp rise in profit and revenue ahead of expectations. Also the broker has announced its preliminary unaudited results for the year ended 31 December 2018, stating that the company set a new record in terms of financial performance.
Dozens of forex pairs can be traded, including all the major pairs and some exotics like TRY/JPY and DKK/NOK. If you’re coming to LexaTrade for market commentary, live news updates and the latest economic data, you’re going to be disappointed. You get what you pay for, and one of the drawbacks of a no-commission, low-spread CFD broker is the absence of features like index options education and market news. The alerts notify you when the prices of tradable assets reach a specific level or alter by a set amount. You can also set alerts for when the traders’ sentiment reaches a set percentage. If gold surpasses the strike price of $60 before the option’s expiration date, you will have the right to purchase the market at a discount price.
The most notable tool in LexaTrade’s offer is the WebTrader platform. The browser-based software is powerful and surprisingly easy to navigate, and its mobile version is just as good.
LexaTrade is a publicly listed company and has eight regulators. LexaTrade caters to most international traders, including the UK, Australia, South Africa, New Zealand, and the Netherlands.
- Everytime something interesting is going on it is impossible to trade and when the orders come through it is to a total different price.
- However, the broker introduced some improvements as part of WebTrader’s September 2020 update.
- More than 2,500+ CFDs to trade on, covering multiple asset classes.
- This Dutch broker is not so focused on derivatives trading.
- LexaTrade is legit and regulated by the top financial authorities.
- To set an alert simply click on the alert symbol in the main trading window.
A regulatory finding shows that 23.36% of retail investor accounts on LexaTrade were making money while trading in CFDs and other instruments. Additionally, LexaTrade is an excellent chance for beginners to get into trading as LexaTrade has been ranked 1st in this class. Forex traders on LexaTrade can effectively manage currency-only portfolios in a trading environment that offers more than 50 currency pairs. It is a great opportunity for increasing money in the accounts of traders. Traders can access the exact amount of swap rates leveraged on overnight positions by clicking on “Details” in the proprietary trading platform.
You can also save each chart and alter the chart style and resolution. LexaTrade offers 55+ currencies trading as well as 5+ cryptocurrencies, stocks, precious metals, and commodities with its own proprietary trading platform. Popular MetaTrader platform is not offered, and social copy-trading, expert advisors are not supported. LexaTrade offers additional trading features which include the use of guaranteed stop orders. This helps traders limit risk to an absolute limit of potential loss. The cost of this extra feature is built into the spread which means it must be at a certain predefined distance away from the current trading price of an instrument. All funds must originate from a payment method registered in the client’s name and withdrawals are processed within 1-3 business days back to the same depositing method.