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Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs lexatrade forex brokers reviews fit the profile of your broker as well, in order for you to have a good working profitable relationship.
Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. LexaTrade features its very own proprietary social trading platform. This ensures that the company is able to fully customize all trading activity to precise specifications. Known as Social WebTrader, the software features advanced trading functionality, fused with interactive social data.
- The website does not provide investment services or personal recommendations to clients to trade forex.
- An account inactivity fee is a fee charged to the registered brokerage client.
- LexaTrade is regulated by Cyprus Securities and Exchange Commission so can be considered legit.
- All reviews represent only their author’s opinion, which is not necessarily based on the real facts.
- It is important that you familiarise yourself with the risks involved in CFD trading before you start trading.
- You will find that LexaTrade has some innovative features that make it better than the commonly used trading platforms, like Ayondo, ZuluTrade, and eToro.
They provide a good selection of educational materials, as well as a 24/5 knowledgeable customer support team whilst offering multiple account types for traders to choose from. LexaTrade’s effective and intuitive tools revolutionize the trading experience for beginners just starting out and experienced traders looking to grow. All information on The Forex Geek website is for educational purposes only and stock market is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways.
Before trading Forex or any other financial tool one should be aware of the risks, know exactly his investment goals and limits and acquire a fine level of risk understanding and risk management. LexaTrade features the finest security in the online trading arena. LexaTrade is affiliated with fully regulated lexatrade forex brokers reviews financial trading companies, and it uses secure socket layer encryption technology for all credit card and bank wire payments. Theo has been actively trading the forex markets since 2013. Over the past five years, he has gained experience trading currencies, stocks, options, and futures.
Once your account has been verified, you can make deposits and commence trading when you are ready to do so. This includes a collection of educational videos covering a range of topics, such as technical indicators , an introduction to technical analysis and weekly market reviews. Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD’s, Forex and Commodities. You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 3 minutes or so to complete the account opening process. Take time to look around the LexaTrade platforms and train yourself to think more systematically and logically about the markets.
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Among others, LexaTrade uses the latest technology, trading tools and resources to consistently deliver excellence in the social trading arena. CFDs are complex instruments and come with a high risk of losing money rapidly due to the leverage on offer. Between 65 and 89% of retail traders lose money when trading CFDs. It is recommended that you do not invest money you cannot afford to lose in order to avoid any significant financial distress in case of loss. A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support.
Before trading with any of the brokers or software potential clients should ensure they understand the risks and verify that the broker is properly licensed. The website does not provide investment services or personal recommendations to clients to trade forex. Information on Forex-Naked-Truth.com should not be seen as a recommendation to trade forex or a be considered as investment advice. Forex-Naked-Truth.com is not licensed nor authorized to provide advice on investing and related matters. All information displayed on this website is for educational purposes only.
This is because the payment method which you use to fund your account may accrue a fee. earnings on forex The fee may be a fixed fee when you deposit a specific fiat currency to your account.
Where Is LexaTrade Com Based?
It makes you wonder whether LexaTrade could be using this location as a hideout to bend the strict rules of financial trading to its advantage. LexaTrade is the trading name of UR Trade Fix LTD, a global multi-asset broker founded in 2011 with headquarters in Cyprus. Regulated and authorized by Cyprus Securities and Exchange Commission , it boasts 10,000+ users. Still, it has no presence in the US, North Korea, Israel, and Iran.
Everything is fine with the payment discipline at LexaTrade, too. I use a Mastercard card for deposits and withdrawals, but it usually takes from a couple of hours to several days to withdraw.
All profits made by our clients are always sent directly to the bank account. Depending on your country of residence, additional deposit methods may be available. LexaTrade does not accept third party deposits; this is in compliance with its Anti Money Laundering regulations. Once your withdrawal request is executed, it usually takes 2 to 5 business days for your withdrawal to be credited to your bank account, credit/debit card, or other preferred withdrawal destination. In this detailed LexaTrade review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs. LexaTrade are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission .
Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. In this LexaTrade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs.
Major countries LexaTrade covers include the UK, Germany, Australia, South Africa, Thailand, and China. The whole notion of regulation is to protect LexaTrade traders and provide a safe trading environment. If LexaTrade violate any regulatory rules their regulated status could be stripped. It is only difficult for people who have not done the research. In this article, you will learn important information regarding LexaTrade that will help you get off to a good start in the world of online trading. This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects.
Is LexaTrade A Good Broker?
With LexaTrade you can collaborate with an extensive network of traders. There are both beginners and experienced professional traders who use LexaTrade.
Whilst most of this websites data has been verified directly from external providers, it can occasionally vary. This website is not responsible for any incorrect or outdated information within any of its pages and you should confirm all data and information directly. You accept that the agreement can be changed at any time and that you must comply with any changes made to the agreement.
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The Knowledge Base is a very useful FAQ service that covered all aspects of social trading and about how to set up an account. Traders can contact customer support via telephone, live chat, and email, and feedback can be sent to the client care team in an online message. Tradersunion.com assumes no responsibility for the consequences of the Client’s trade decisions or for the possible loss of his capital caused by the use of this site or the information on it. The Forex Trading, as well as CFD or cryptocurrencies trading, are not for everyone and Forex trading is a very risky business. Before investing, please assess your competence to trade in the Forex markets and make sure you understand and appreciate all the risks, particularly in terms of leveraged trading. All information posted on the Traders Union website is based on reliable and objective data.
Since this is an interactive social trading platform, this is all that you need. The minimum amount to fund your trading account is $250 and once you have confirmed your registration, you can begin social trading. Traders also have access to a demo trading account at LexaTrade which allows for paper trading with no real money.
LexaTrade Research & Education
These checks are standard practice and help LexaTrade provide a safe financial environment for their 10,000 users. You must always Electronic trading platform review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account.