The LexaTrade mobile app features intuitive, clear navigation that also includes easy access to our educational materials, economic calendar and many helpful features and tools. The broker offers over 800 instruments — spread across forex, commodities, indices, shares, ETFs, and cryptos — through their web and mobile trading platforms. However, they don’t offer the popular MetaTrader platforms and spreads are not the lowest when compared to some of the best brokers. LexaTrade India provides you the trading platform and facility for trading in a safe and secure environment. You make a profit if your market analysis is correct, and the trade is in your favor. LexaTrade earns a commission or fees in terms of spread, which is typically 0.5 pips to 3 pips on the majority of the currency pairs.
It is licensed and regulated by the British Virgin Islands’ Financial Services Commission , which is considered by many experts as a tier 3 financial regulator. LexaTrade is committed to offering our clients excellent trading conditions, which includes the opportunity to benefit from extremely low spreads on hundreds of CFD instruments. Overall, there are many questions in regards to the trust of the LexaTrade company services and the manner they do operate the online trading itself. It has an exclusive website for Indian traders LexaTrade.in LexaTrade India claims to comply with BVI FSC for its global operation.
CFDs are complex instruments, due to leverage retail accounts lose money. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
LexaTrade is also legally allowed to operate in India and many other countries. LexaTrade offers a proprietary trading platform, rather than using a third-party interface such as MT4 or MT5. The web-based platform is designed for use on both desktop and mobile devices. Take your pick from hundreds of real time, live rates on commodity, index, currency, share and ETF CFDs. Another key feature of LexaTrade is their Advanced Trading Signals option, which sends to all customers live updates about the 65 hottest trading instruments. All signals are sent to the customer’s mobile device according to the parameters set by himself. The answer is yes; you can undoubtedly trust LexaTrade for Forex and CFD trading.
The Power To Conquer The Markets
Trading Videos, Educational Books, Interactive Tutorials, and other trading resources could be found in the Education section available on the website. First, most of the complaints are about the company’s trading platform. It seems to have a lot of bugs and not work in real-time; there are slight lags and strange changes that mess up trades which could have been successful.
But there are a lot of fake Forex brokers that pop up online and are designed in a way that resembles reputable companies in order to lure people in and steal their cash. Accounts can be opened USD, EUR, GBP. The different currency options are beneficial as currency conversion fees do not apply when using an lexatrade scammers account in your own currency. LexaTrade provides their clients with an economic calendar that is updated on a daily basis. The calendar has the timetable of the important scheduled economic data releases, announcements, and events. Take control of your trading experience with customizable notification settings.
The UK, Cyprus, and Hungarian subsidiaries serve clients from the European Economic Area, while the BVI-based firm serves international clients from Asia, Africa, and the Americas. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant. There are also short video tutorials that briefly explain some of the important aspects of trading, including candlestick patterns and support and resistance levels. LexaTrade representatives can answer all of your questions in many different languages. We also offer all new clients free 1-on-1 training with a trading coach.
Brokers By Licenses
Actively Investing will not accept any liability for loss or damage of any kind, directly or indirectly, as a result of reliance on the information contained within this website. Before deciding to trade you should carefully consider your investment objectives, level of experience, and risk appetite. You should not invest money that you cannot afford to lose and you should carefully consider your financial condition, and should always seek advice from an independent financial advisor.
- The company boasts over 20 years of industry experience and 6.4 million clients.
- In addition, LexaTrade offers online trading education, 1-on-1 training and video tutorials, as well as technical and customer support in multiple languages.
- If you are looking for a trustworthy international online Forex broker with decades of excellent track record, then LexaTrade is one of the best.
- Trading financial instruments with margin carries a high level of risk, can work both for and against you, and can result in the loss of part or all of your investment .
- Whilst most of our data has been verified directly from these brokers, it can occasionally vary.
- It is imperative to ensure that you check and understand all of the latest information before you open an LexaTrade broker account for online trading.
Several people also suggested that the company manipulates data in order to benefit them. This website does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. This compensation should not be seen as an endorsement or recommendation lexatrade courses scam by TradingBrokers.com, nor shall it bias our broker reviews. Trading Brokers have spent thousands of hours researching and conducting in-depth analysis on hundreds of online trading brokers. Formula Investment House Ltd is an investment firm registered in the British Virgin Islands.
LexaTrade notes that no internal costs apply except a fee of $20 for bank wires, while third-party charges will depend on the payment processor. We have noticed you do not have cookies enabled, which means you will not be able to access or use our platform. FXChoice – FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads. CFD and Forex Trading are leveraged products and your capital is at risk. Please ensure you fully understand the risks involved by reading our full risk warning. Welcome, we’ll show you how forex works and why you should trade it.
Although we’re talking about a web platform, security measures had been ensured through Firewall access management and 256-bit secure SSL environment. The main downside here is that the broker does not offer any desktop platform, even though some traders would prefer one. Although it happens rarely, it is good to have negative balance protection for your trading top forex brokers account. Check out the other online Forex brokers accepting Indian clients. Founded in 1996, LexaTrade is a group of online trading companies with intuitive & user-friendly trading platforms. They offer Forex & CFDs in commodities, shares, indices, ETFs, & cryptocurrency. The charts allow for the overlay of multiple indicators for every currency pair or commodity.
However, LexaTrade has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.
Is LexaTrade A Trustworthy Broker?
The LexaTrade Group’s European subsidiary is licensed and regulated by the CySEC . LexaTrade is an established brokerage able to offer clients years of industry experience.
Experience MT4 at its best with reliability, integrated insights and account management features. Use our customizable drawing tools and indicators, and trade directly from the charts. Trade with a global market leader with a proven track record of financial strength and reliability. forex broker It’s the most in-depth online business training course I ever had the pleasure of joining and I highly recommend it to anyone who wants to make money online. You need to go through a complicated process to simply receive the money that you earned from your trades.
The app is downloadable free of charge and compatible with both iOS and Android devices. It’s easy to navigate and offers all the features and tools available on the web platform. Detailed reviews about LexaTrade’s online mobile trading app and ratings can be found Forex platform on the App Store or Google Play Store. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. All providers have a large percentage of retail investor accounts that lose money when trading CFDs with their company.
LexaTrade: Invest & Leverage Trade Stocks & Index Cfd
LexaTrade started its online trading service in 2004, and it is serving the Forex traders all over the world since then. One of the important aspects of a Forex broker is compliance with regulators, LexaTrade complies with BVI Financial Services Commission for its global clients. LexaTrade complies with European and UK regulators for its operation in European countries. Whilst most of our data has been verified directly from these brokers, it can occasionally vary. We are not responsible for incorrect or outdated information within our online trading broker reviews and you should confirm all data directly with the broker. Rates, terms, products and services on third-party websites are subject to change without notice.