Is LexaTrade Legit? Read Our Full Broker Review To Find Out

They have offered online trading services for many years, and continue to expand their offering. LexaTrade Facts & Figures Open an account with just $10. LexaTrade Forex is a company formed by a team of PROFESSIONAL eur usd TRADERS with EXPERTISE in one of the biggest financial markets of today, the CRYPTOCURRENCY and FOREX. Our focus is to provide our investors with daily and constant profits in these markets.

Therefore, Philippine traders can earn on Forex stably and legally. For successful trading, you need to keep abreast of events. LexaTrade Company offers Philippine traders this opportunity. The official website has a section with useful information. There are interesting articles for both novice traders and experienced users. We recommend reading the advice of professional traders, an analysis of the advantages and disadvantages of popular strategies, news of exchanges and markets. An interesting offer for all customers, allowing you to earn big money with minimal investment.

That makes it clear that LexaTrade are free to peddle their financial services all over the EEA . The brokerage is registered with most of the bigger European regulatory entities, such as the UK’s FCA, Italy’s Consob, Germanys BaFIN and France’s Regafi. There’s a separate section for the Crypto CFDs, which features 13 assets. Most of the top market-cap currency exchange cryptocurrencies are supported, starting with Bitcoin and Bitcoin Cash, and wrapping up with IOTA, Dash and Monero. The charting tool selection lets traders choose from Area Charts, Line Charts, Candle Charts and Bar Charts. These are obviously useful for the spotting of various chart patterns. To this end, a number of graphical tools are provided too.

LexaTrade offers more than 100 technical indicators and widgets. The international Forex currency market is a legal tool for trading speculation.

Premium Account

Withdraw your money in a an instant using a wide range of available payment systems. A team of professionals speaking your mother language are always here to support you. These include cryptocurrencies with the highest market capitalization like Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dash, Monero, Ripple, Litecoin, and so on. LexaTrade is the one and only broker that pays up to 100% to their customers for correct prediction.

  • Remember that the value of a currency is largely affected by its supply and demand.
  • We’ll be looking forward to your reply at the specified email.
  • And finally, the trading terms and conditions have revealed that the broker is focused on making trading a lucrative endeavor for its customers.
  • Therefore, Philippine traders can earn on Forex stably and legally.
  • The company’s website also provides several short educational videos on how to use the platform, which can help in obtaining necessary knowledge.
  • Should you have any questions regarding some trades in specific, please reach us at

You can also access the very latest analyses and commentary on Forex trends. Whether you’re experienced in FX trading within country or you’re just starting out, these tools and data sources will help you to make informed trading decisions. LexaTrade’s Best Offers Take a look at our biggest gainers and losers in Forex Philippines markets right now — along with leverage percentage for each one. Please note that past Forex performances are not an indication of future results or returns. Now it remains to withdraw money from the deposit – place a request and wait for the funds to be credited to the account.

Discover Iq Broker

Trade on real or demo account Binary Options, Stocks, Forex and Cryptocurrencies. To do this, you need to make a deposit of at least $ 10,000, and then conclude deals with a volume of 50 lots. FBS review says VIP clients are entitled to privileges when withdrawing funds and a personal manager. But a decent broker cares about its clients by creating the most favorable and comfortable conditions for trading, providing simple and convenient rules, constantly expanding the standard list of instruments. In this article, we will review two well-known brokers – FBS and LexaTrade. Most commonly a candlestick chart is used to analyze the trends of currency rates over a specific period of time, which helps a trader to predict its future behavior. It is also very beneficial to work with reliable Forex brokers as they cover all the other risks which do not depend on you.

LexaTrade forex broker

Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage lexatrade scammers desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D.

But when a situation arises wherein these investors become risk-averse for some reason , they may choose to sell some of these risky assets and buy back their Japanese yen . This causes money to flow from these riskier assets back into Japanese yen, which strengthens the yen. When investors start buying riskier assets again at a later stage, the yen may weaken because money is flowing out of it again. When the price moves higher, a long position makes money; when the price moves lower, a short position makes money. All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions.

It is quite easy to use and can be tailored to the needs of the client. FBS MetaTrader4 offers a good selection of instruments, many technical indicators and a comprehensive charting package. LexaTrade is a licensed Global service which provides all the favorable conditions to its users under which they can efficiently make Forex trade. It offers a high-quality platform for forex trade which is easy to use and comes with a 24-hour support system. LexaTrade provides a Demo account for the beginners to let them get the gist of rules and test their trading skills without risking anything at all.

A Multimillion Dollar Market

Finally, let’s talk about the trading platforms available on LexaTrade. That way, users of Windows or Mac computers, as well as Android or iOS smartphones can easily trade without hardships or complications. Let’s say you want to open a position for the USD/JPY Forex pair for one lot ($100,000).

LexaTrade forex broker

But that doesn’t necessarily mean that fraudsters cannot be distinguished from legit brokers. The looks of the educational content may be somewhat similar within the platforms of both brokers but when it comes to the actual content inside, the legit ones will always be more comprehensive. Scammers don’t usually care much about what is written in those articles and people can catch that if they’re attentive enough. As for the withdrawals, the minimum amount a trader can take out is 2 US dollars, while the commissions are at 2% for every currency with the maximum cap of $30. Credit card withdrawals are instant, while all the other platforms take around 1-3 days to complete. LexaTrade also offers quite exciting trading promotions to its clients.

Margin Trading On Iq Broker Platform

The same platform is used for CFDs and for binary options trading. Well designed to be user-friendly, the platform features a large chart which is a great help for traders who wish to monitor the conditions in the markets. Margin trading is also now available with certain instruments. As one of the leading online trading platforms, LexaTrade makes it possible for Forex scammed by lexatrade traders, stocks traders, commodity traders and cryptocurrency traders to ply their trade during market hours. A wealth of popular Forex options is available including major pairs, minor pairs and exotic currency pairs. The latest trading craze – cryptocurrency is available in 12 options. Overall, a quality trading platform with a range of viable options for traders.

LexaTrade’s platform has many features which make forex trading convenient for its clients. Trade execution is fast, and it is easy to make adjustments to a position’s (or pending order’s) parameters before or after it has been placed. The number of forex pairs available on LexaTrade’s trading platform is really good, which is likely to expose clients to more trading opportunities and better portfolio diversification. LexaTrade’s multi-asset trading platform can be accessed not only via web and desktop apps but also through Android and iOS mobile applications. Let’s see which forex pairs are available and how to execute currency trades on LexaTrade’s trading platform.

Now that you’ve go a basic understanding about how the forex market works, your next step involves trading the forex markets. The Ultimate LexaTrade Forex Trading Guide for Beginner Traders is a post you’ll want to read to get you started. Forex traders on the other hand have the chance to earn returns exceeding 100%. The reason for this is that how much profit you make as a forex trader largely depends on how far the price moves. The further the price moves according to your prediction, the higher the profit potential. Unless the price reaches your strike price, the trade will remain open. This means that it can take minutes, days or even weeks before the trade exits.

LexaTrade forex broker

LexaTrade is a hybrid of binary option trading and traditional forex trading broker. They thought I used VPN according to a customer service but I have sent them evidence that my location where i opened the account has not changed. And IQ terms and conditions allow up to 6 months trading outside your country. I gave the the best solution that I can do video of myself in UK where I opened the account with my IP reflect the same and I am earnings on forex physically present in UK. I also have copy of my communication with the support team who advised me to closed down my previous account then open the new account. NO review of account when drposit and lost but review when you made money just to scam. Account not blocked but trading activities suspended.i a not worried about review if anything wrong but payment suppose to be effect immediately trader provide evidence of non violations.

The Forex product category is the largest of the broker. It features 22 currency pairs, from the most traded, right down to exotics. That said, trading through the LexaTrade platform is in fact quite enjoyable. The charts are visually pleasing and one can indeed trade directly from the charts.

Trading In Any Convenient Way

Study and research in forex trading and learning from real-life stories are the real keys to any trader’s success. It is also recommended to start small by depositing minimum amounts first.