As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with LexaTrade like Forex trading, CFDs trading, Spread Betting trading, Share dealing trading, and Cryptocurrencies trading. You should have confidence in LexaTrade and know that the management of your financial investments on the LexaTrade platform are in good hands. This review of the LexaTrade platform is very detailed. If you are interested in trading with LexaTradein any capacity please take the time to read and research the whole LexaTrade review.
The $500 represents a line of credit that is extended by LexaTrade to you for trading. CFDs more on a margin amount that is needed to occupy a certain position in the market.
LexaTrade Review: Risk Management
LexaTrade forex trading platforms use Equinix servers that allow for fast order execution speeds, with cTrader utilising the LD5 server in London and MT4 and MT5 the NY4 in New York. The world’s most popular trading platform for beginner and intermediate forex traders, as well as those executing scalping trading strategies.
- There are 20 available advanced trading tools on LexaTrade.
- Besides these, the company offers a wide spectrum of trading instruments from commodities to bitcoin and indices.
- The next section has questions on how to understand the trading platform.
- This includes information on the financial market and the pros and cons of investing.
- You express the spread as a pip or a pipette which is 1/10 of a pip.
- Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation.
With LexaTrade, you can trade in Forex, CFD, and cryptocurrency and Futures. You will need a minimum deposit of $200 and can trade a minimum quantity of 0.01 lots. By the end of this LexaTrade Review, lexatrade reviews you will be able to figure out whether LexaTrade is the trading platform for you. Further, we decode the trading nuances on LexaTrade to show you that it can be interesting and uncomplicated.
A broker operating under this body must prove their financial sustainability. They lexatrade website should also establish that they have good operational standards and audits.
LexaTrade is an Australia-based global forex broker that was founded in 2007. LexaTrade is the one of the top choices for automated traders. Our order matching engine located in the New York Equinix NY4 data centre processes over 500,000 trades per day with over two thirds of all trades coming from automated trading systems. When funding your trading account client funds are held in client segregated accounts with top tier banking institutions. LexaTrade Global complies with the Securities Regulations 2018 and employs strict policies and procedures regarding the maintenance and operation of these accounts. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in. LexaTrade is one of the top choices for automated traders.
LexaTrade Australia may ask you to document your religious beliefs. LexaTrade is a member of the Financial Ombudsman Service .
Previous results may not have to match the current ones. Many people choose CFDs to as it is a highly speculative market where you can speculate both rising and falling prices. If there is no free ICO (cryptocurrencies) margin left with the client, LexaTrade will stop out of your positions. If the losses in the stopped out position exceeds your account balance, you may experience a negative account balance.
Are LexaTrade Safe?
Histograms and other charts based on the economic calendar will be able to forecast the market conditions shortly. Further, the data on the economic calendar, like those found in Forex Factory, highlight dates and times of economic events. You want to be sensitive to the time zone as you look at the calendar. The calendar will also let you know of the currency that the news event will affect the most. Details on how this new currency will be affected are also outlined on these calendars. At LexaTrade, the team believes that keeping abreast of economic news can do wonders for your trading. This is especially true if you engage in Fundamental Analysis and may be helpful even if you want to engage in technical analysis.
This tool consists of a market watch, account summary or order list. As an LexaTrade CFD trader, you can choose from one of three main trading accounts. LexaTrade can also be deemed as reliable because they hold client money in segregated trust accounts with several AA rated Australian banks.
Compare LexaTrade To The Forex Brokers Below:
Trading Tools – The broker features advanced charting and analysis tools and calculators. As well as a variety of technical indicators used for technical analysis. Low Spreads – Active, frequent traders know the importance of reducing the cost of trading. With average spreads of just 0.1 on EUR/USD for example, day traders do not have profits eroded by high commission or trading costs.
Great trading platform – We have stable and user-friendly trading platform wherein all the trading activities do come true. It can offer you free news, feed, easy to use and provide useful information that you may need regarding your trade. Do note, however, that once you begin trading, a commission of about $3 per lot will be charged. This will also depend on whether you have a raw account or a standard one. For those from the Islamic faith, you will not be able to claim or pay interest. Special Islamic accounts have been set up for these considerations. To begin trading with LexaTrade, you will have to deposit $200.
The first is the raw spread account, which offers a low spread. This account was designed to benefit scalping traders, day traders, and expert advisors. Traders often use the MetaTrader 4 and 5 platforms when using this account. The broker offers an account type for all styles and levels of trading experience. Forex traders looking to execute automated trading strategies or trade high volumes will prefer the Raw Account’s low fees. We should say something about negative balance protection with LexaTrade. When trading using leverage an adverse move could result in losing more than your trading account balance at LexaTrade.
Lower Fees, Lower Costs?
Now, if you pick a currency pair, you can see the chart for that currency pair. These will include one-minute, five-minute, and ten-minute charts, among others. This partnership lets brokers and start-ups collaborate with LexaTrade and hence, enhance their business. The Affiliate program offers further partnership options to brokers. As a partnership program, LexaTrade offers various options for you. Through this program, anyone who introduces customers to LexaTrade is remunerated and rewarded. To avail of the benefits of this program, there are no limits to the number of accounts referred to.
The regulation by ASIC, FSA, and CySEC is a great way for clients to know that they will be signed up with a safe broker. LexaTrade is the best broker for algo traders, high-volume traders, and scalpers. The ‘no-requote’ and ‘no-restriction’ policies are all great news for algo traders and scalpers.
Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses. If LexaTrade violate any regulatory rules their regulated status could be stripped. When choosing a broker like LexaTrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion.
The MetaTrader 4 and MetaTrader 5 platforms offered by LexaTrade allow this. According to ASIC regulations, LexaTrade keeps all of your deposited money in segregated bank accounts. Hence, your money is not tampered with, and LexaTrade keeps your funds safe. You can begin trading with LexaTrade by registering with them and depositing $200 or in any other currency. You will also have to provide proof of address and proof of identity to begin trading with LexaTrade. When you are using Fundamental Analysis, you can also use these indicators from the market to be able to make key decisions. These may include deciding when to step away from the trade, when to postpone trade, and when to carry on complete trading.
Cookies do not transfer viruses or malware to your computer. We are using cookies to give you the best experience on our website.
The online futures-based CFDs are offered exclusively on the MetaTrader 4 platform. You can also rest easy as the cryptocurrency exchange risk by trading with an FSA-regulated CFD provider, is removed. If you are a high-volume trader, you’ll be glad to know that LexaTrade promote themselves as the best choice.