LexaTrade Broker Review
By daniel in Forex Trading
Rates, terms, products and services on third-party websites are subject to change without notice. The analysis provided by Trading Central is comprehensive enough to satisfy most traders. The social trading platforms; ZuluTrade and Myfxbook may lexatrade forex brokers reviews be useful for investors who wish to copy the trading signals of other traders. Fill in your personal information, email, choose password, choose account type, leverage, platform, financial information, trading knowledge and agree to terms.
- LexaTrade is broker from Australia regulated by the Australian Securities and Investment Commission .
- As a top Forex brokerage, this Sydney-based brokerage is governed by 2 Australian governments – AFSL using License # and ASIC .
- Due to its enhancement in client services LexaTrade maintain also an office in Shanghai and a satellite office in Hong Kong.
- They have slippage but 70% of slippage at USG is in favor of client.
- We do not present any guarantees for the accuracy and reliability of this information.
- We are not responsible for incorrect or outdated information within our online trading broker reviews and you should confirm all data directly with the broker.
Various trading programs is purchased, for example MetaTrader 4 along with MetaTrader 5. MT4 has become the most recognized and admired Forex trading platform. Customers obtain to relish feature-rich resources with this fully-customized platform, together with 1-click implementation, charting, charts, trend analysis, and EAs. This trading platform top forex brokers is provided at no cost and may be downloaded directly from LexaTrade. It’s designed for Windows operating systems and Mac systems. This Forex provider espouses the tenets of admiration, confidence, and transparency. As a top Forex brokerage, this Sydney-based brokerage is governed by 2 Australian governments – AFSL using License # and ASIC .
It is a trading platform, which deals in forex, metal, indices, and commodities trading. It charges commission and swap and spreads differences as its fees. According to the LexaTrade broker reviews found in Forex Peace Army and TrustPilot, these are the latest trading platforms with high-end technology solutions. Both MT4, MT5 are highly sophisticated trading platforms, but MetaTrader 5 is the advanced version with more special features. It is one of the fastest forex platforms available in the trading world.
LexaTrade (union Standard International Group Pty Ltd)
In addition, it provides three different emails for Chinese, Australian and international clients. This broker has a welcome bonus of 5% for top trading platforms 2020 every $5,000 deposit. Also, there is 50% bonus on deposit whereby a trader can turn it into tradable cash 2montsh after your deposit date.
Beyond the online disputes through review forums, LexaTrade staff have even had confrontations with their clients on the ground. Earlier this year, LexaTrade staff working in the company’s Shanghai office were held against their will by clients who had allegedly lost money. While this does not justify their actions, nor prove that LexaTrade had done something wrong, it is evidence that plenty of their clients are unhappy. Typically, you would want to avoid any forex broker who seems to be making their clients so enraged as to storm their offices demanding a refund. One surefire way to determine the authenticity of a broker is to look at what other traders have to say about them. In this case, LexaTrade opinions have unfortunately been overwhelmingly negative, with only a few recommendations and positive feedback. It is indeed impossible to find a perfect broker with a perfect record, but a good broker will have more positive reviews than the negative.
LexaTrade prides themselves in providing excellent trading conditions, but this just isn’t true. They claim to offer competitive spreads, but this is only enjoyed by the high net-worth clients. Standard and mini accounts have a spread of 2.2 and 2.8 pips respectively, which are not competitive at all. Mini and Cent account required that you make a minimum deposit of $100, the standard account is a minimum deposit of $ 10,000.
LexaTrade is a brokerage company offering trading services for clients since 2006 with offices in Australia and Hong Kong. In its way to make clients educated about market proceedings in real time, current analysis, trading signals, this regulated broker has come up with a new project known as Traders Club. Floating spread policy states that rates are subjected to change in the market, with a special right with it to make changes in the rate. Also, there is no additional commission charged by the broker for forex trades, unless otherwise agreed. So using forex provides a transparent and decent service on its platform. The rise of forex broking services in the forex market has opened doors for many forex brokers. Choosing one with reliable services and charges is a daunting task.
, have refused to provide the Liquidators access and control of the MT4/5 trading platforms, and are in contempt of orders of the Federal Court of Australia. Regardless, the Liquidators have secured the known assets and their investigations are continuing, in conjunction with regulatory authorities. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want.
Union Standard International Group Pty Ltd is regulated by the Australian Securities and Investment Commission and holds an Australian Financial Services Licence (AFSL ). Fill in your information, user Currency market information set-up, personal information and financial information. Follow the simple steps below to open an account with LexaTrade. Please see the below for the comparison of LexaTrade’s all account types.
Union Standard Group
LexaTrade is broker from Australia regulated by the Australian Securities and Investment Commission . Welcome Bonus is withdrawable after making 10 standard lots of traded volume. ™Forex Peace Army, ForexPeaceArmy, FPA, and the FPA Shield Logo are all trademarks of the Forex Peace Army. LexaTrade offers access to trade currency pairs, indices and commodities on MetaTrader 4, 5 and Web Trader. LexaTrade is one of the best broker I have ever used, the customer service has quick response and withdraw is no problem as well. I am waiting for LexaTrade to honor my withdrawal requests for EUR 13,000+ from my account number since july 2020.
Once verified, your new trading account will be ready for funding and trading online. 71% of retail investor accounts lose money when trading CFDs with this provider. At the Forex-Awards ceremony, LexaTrade won the keenly contested “Best forex broker of 2018” award. The broker has also been recognized as the “Best forex broker in Australia” in 2015 and “Best forex broker in Asia” in both 2016 and 2017. The vast majority of retail client accounts to lose money when trading in CFDs.
One thing to remember is that even for demo trading you need to deposit a minimum amount and open an account with this broker. LexaTrade offers a demo account option to its clients based on LexaTrade reviews. With the demo trading, option clients can get an understanding of the features of the platform before beginning the live trading. Now let’s look at the trading conditions, since these are the situations you shall be facing every time you are trading.
LexaTrade Global Menu
It provides you with information about Union Standard International Group Ltd and the services they provide. LexaTrade clients’ funds are held in a segregated trust account with the Commonwealth Bank of Australia, which is separated from the LexaTrade’s accounts and funds. To make a deposit to your LexaTrade’s real trading account, you first need to log in to the client portal from LexaTrade Official Website. With LexaTrade, you can start trading Forex and CFDs from only 100 USD of minimum deposit. LexaTrade is a partnered broker of ZuluTrade which provides social and copy trading platform.
Affiliation to ASIC makes sure that the brokers are following the regulation and guidelines of the statutory body. The broker does not offer its services in countries like Japan, United States, North Korea etc. It is an Australian forex broking company, affiliated with the Australian Securities & Investment Commission . Union Standard International Group is also regulated by the Financial Conduct Authority of the United Kingdom with FRN .
Above this, it prioritizes clients by providing premium trading conditions. All these have made LexaTrade the preferred platform out of all the hundred options out in the market. Traders’ growth and prosperity became LexaTrade’s core objective. Together with its unwavering service for its clients, one can also tell that https://lexatrade.vip/en/ it is a legitimate company by looking at its award-laden background. In addition to localization and a rather limited set of traded goods, the specificity of LexaTrade consists of the differentiation of accounts. At the moment, four types of packages are offered for brokers with its limitations and benefits.
Anyway, I have been trading here for 3 years and I am happy with them. I try deposit there no GBP and i got pay fee likely £60 no reason. I request BTC wallet and nothing and fee charge like £113 without single trade I lose almost £200 for nothing, more or less this a scam and WORSE broker i know see trading career. 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.
The spreads, commissions & minimum account balances are high when compared to other brokers. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign https://lexatrade.vip/en/ exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including lexatrade scam unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies.
LexaTrade delivers a strong set of beneficial and advantageous trading conditions. LexaTrade is a multi-asset FX and CFD broker based in Australia.
Pro-ECN and VIP require a minimum deposit of $50,000 to open a new account. Withdrawals are made through Skrill, FasaPay, OKPAY, credit card, Bank wire, Neteller, and WebMoney. LexaTrade features an array of sophisticated trading platforms provided by the Meta Trader brand. The platforms available include Meta Trader 4 , Meta Trader 5 , MT4 & MT5 WebTrader, Mt4 & MT5 Mobile Trading, and the MT4 Multiterminal platform. As well, traders can participate in social trading via either ZuluTrade or Myfxbook social trading integrations. With all these options available to traders, literally every trader will find what they’re looking for, whether they’re just starting out or are an experienced veteran. See below, an overview of the Meta Trader capabilities and social trading functions.
LexaTrade Com Profile Provided By Joyce Shen, Apr 7, 2014
This is a flexible, versatile tool that provides the most popular trading software when it comes to MT4. Several simultaneous timing windows make it possible to constantly keep your finger on the pulse of quotes. For the region, USFX is considered by Forex brokers to be the most convenient platform for CFD transactions.
But only the best will pass them and become traders, the rest will simply abandon the trade. Deposit peace of mind is a solid benefit, due to strict ASIC compliance.