Unfortunately, there is little information provided for the Indices and Commodities markets, but we can assume the tradable assets offered here are limited as LexaTrade focuses primarily on Forex trading. When it comes to account types, traders are given four options. All four types vary according to traders’ preference and financial capability.
Past performance is no indication or guarantee of future performance. ForexFraud.com is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
The staff also supplements this set up with Webtrader, another popular service that is web-based and does not require a download to access your MT4 account. Expert Advisors are supported for automated trading, and links to ZuluTrade or Myfxbook provide social trading options. Scalping is also permitted, but only for the VIP and Pro-ECN account classes. The latest in available encryption technology is used to prevent hackers from compromising any transmission or storage of sensitive data or personal identity information.
If you prefer an automated trading approach, then Expert Advisors are supported, and social trading is enabled with access to ZuluTrade or Myfxbook. https://lexatrade.vip/en/ Advanced encryption protocols are also utilized for security purposes to protect your trading activity and personal information data at all times.
They claimed the account manager will contact me, but trust me there is no such account manager at all. This website does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products.
LexaTrade provides you with 4 trading account types to choose from. All promotions of LexaTrade is free to join, and you have opportunities to increase your profit amount or support your margin trading by participating in these promotions. LexaTrade is an online Forex and CFD broker licensed by the UK FCA and Vanuatu VFSC.
It is true that LexaTrade is a popular broker, no question about that. The internet is also filled with negative reviews and to clear it up, a thorough review is needed.
A lot of people are playing on the platform, the state of the software is up-to-date, but small complaints about service overlays are also present. The last important advice is to work with this site better within Australia! USG Forex provides the most reliable transactions in the Australian legal field. The lion’s share of complaints about service problems is Indonesia, Malaysia and some other countries of Indochina. Reliable is also considered Singaporean brokers working on USG Forex. The technical support here is quite modern, any trader can write to the development team and moderators by e-mail, make a phone call, chat online or send classic fax .
The customer support provided by LexaTrade is very good and the brokerage is very safe and secure to deal with. LexaTrade scammed by lexatrade provides their clients with exceptional customer support that’s available 24/7 via live chat, phone, or email.
MetaTrader 4 and MetaTrader 5 have been customized to fit this brokerage’s needs. However, we had to contact Forex Club customer support to find a full listing of the financial instruments available at this broker.
The strict regulations of these regulatory bodies make sure that the client’s fund is protected and a secured transparent trading environment exists. It is advisable to visit the website and get a proper understanding of the terms and conditions attached to the various trading options. Though the spread price is based on the future price the broker has the discretion to control it. Indices trading has extra commission charges on and above the spread and swap.
LexaTrade is an online forex and CFD broker that offers traders a limited choice of assets for trading online via the popular MetaTrader 4 and MetaTrader 5 platforms. They also provide traders with a variety of educational resources, expert analysis from Trading Central and social trading platforms ZuluTrade and MyFxBook. investments strategy However, the brokers spreads, commissions and minimum account balances are high in comparison to other brokerages. LexaTrade is an online forex & CFD broker that provides limited assets for trading on the popular MT4 & MT5 platforms. They offer trader education, expert analysis from Trading Central & social trading.
As broker fees can vary and change, there may be additional fees that are not listed in this LexaTrade review. It is imperative to ensure that you check and understand all of the latest information before you open an LexaTrade account for online trading.
Brokers By Platforms
This means that the company legally operates according to the set standards of the aforementioned authorities. More so, it acquired its licenses and authorization to operate by undergoing intensive inspections. The Australian Union Standard Group Forex Broker was established back in 2006 with its main office located at GO3, 135 Macquarie lexatrade reviews Street, Sydney NSW Australia. Though it has only one headquarter, it managed to expand its scope of service by catering its services to global clients. It allows anyone across the world to avail its services, ensuring that subscribers get the best trading deals for currency pairs, cryptocurrency, shares, and commodities.
- To add more to its international credentials, LexaTrade also holds a UK Financial Conduct Authority License, which reinforces its strong reputation and reputation in the European region.
- For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.
- That is why USG complements our split-second ultra-fast execution of orders with the personal dedication of an account manager for all of their clients.
- LexaTrade is fully authorized by the Australian Financial Services to offer a wide range of financial instruments and products to clients.
- The apps display the live quotes of all tradable instruments which is good for monitoring the markets on the go.
- The option to wire disappeared and support is unable to do anything.
A regulated broker equals a more responsible trading environment. They are generally euro dollar forecast well-suited for LexaTrade to provide their Forex/CFD trading services to global clients.
All Forex Brokers
CFD and Forex Trading involve leveraged products and your capital is at risk. Please ensure you fully understand the risks involved by reading our full risk warning. Forex trading carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments, due to leverage retail accounts lose money. Nevertheless, LexaTrade being an Australian ASIC regulated broker, follow its guidelines and still allows high leverages for retails traders, which may be a great advance to your trading strategy. LexaTrade utilizes the Metatrader4 series of platform protocols for standard trading, as well as for mobile, and multi-terminal applications.
Furthermore, there is referring a friend bonus which ranges from $200 to $500 depending on the referred client first amount of deposit. With ZuluTrade, traders can take advantage of hundreds of signal providers from around the world to study and monitor the markets for you. Traders can simply copy other traders to automatically facilitate trades or follow them for advice. PRO-ECN ACCOUNT-Clients can avail this type of account for $50,000 USD. A partial minus can be considered a small number of commodities – but this is still not a specialized commodity platform. The main purpose of USG Forex is to work with currencies, and the site copes well with this function. After reviewing some of the reviews of Australian users, we can conclude that the broker is above average, but not perfect.
The other product names and marks referred to on this website are the trademarks of their respective owners. As a regulated foreign exchange and CFD broker, LexaTrade adheres to strict capital requirements and implements internal procedures. LexaTrade mainly offers 4 different account types which are Mini, Standard, VIP and Pro-ECN. Go to LexaTrade Official Website and find out the latest offers and more about their trading conditions. There is a number of reasons that have attracted thousands of traders to LexaTrade.
LexaTrade (union Standard International Group Pty Ltd)
They did not sent the funds yet, nor sent me an email with explanations. I strongly advise NOT DEPOSITING WITH THIS BROKER https://lexatrade.vip/en/ until the withdrawals are made. I put a withdrawal request in with USG 8 months ago and have received nothing.