If you or someone you know has had experience trading with Lexatrade we want to hear from you. To date Lexatrade hasn’t been the subject of any significant regulatory warnings or suspensions. The question is, as company that’s been trading publicly since 2013, why hasn’t there been any movement? They are not necessarily comprehensive and their accuracy cannot be assured. Is Lexatrade legit features all the key aspects you need to look at to see if a broker is safe and legit. Lexatrade is listed on the Main Market of the London Stock Exchange, which is a big plus for safety as Lexatrade releases financial statements regularly and transparently.

Security is a serious matter which cannot be compromised at any cost. The traders should make sure that the broker has taken all necessary measures of safety. Lexatrade is safe and secure because it is regulated by many regulatory authorities like ASIC, CySEC, FSA, and FCA. This is valuable as trading on margin is a high risk activity and does not suit all types of traders, lexatrade cheating with operating on leverage accentuating the possible outcomes. There is also no market news or daily technical analysis, and the platform also places little emphasis on providing educational resources for its clients. There is a complete lack of trading articles, blog posts explaining key markets, training videos, or supplementary resources anywhere on the website.

Leverage Ratios At Lexatrade

Moreover, they do offer an Economic Calendar where most of the other websites offer on their site. Moreover, there is support for sets that include Ethereum, Bitcoin Cash, Bitcoin, NEO, Litecoin, IOTA, Monero, Ripple, and EOS. One of the reasons why this platform is unique is that it stays consistent in all versions. Users can switch between the platforms with ease without having to re-assemble. Lexatrade deploys WebTrader platform and a proprietary trading platform. I regretted one hundred times for opening an account with them and placing my funds. Now, probably, I would need to reissue my card, because I am not even comfortable providing Lexatrade with my card data after this horrible experience.

Mr. He has served as the Chief Executive Officer of Lexatrade Ltd. since May 8, 2016 and its Executive Director of Lexatrade Ltd. since February 28, 2016. Prior to joining Lexatrade, Mr. Elimelech was a supervisor at PwC Israel from 2008 to 2012, specializing in biotech and commercial audit, as well as providing tax services to clients. The interface lets you create watchlists, analyze charts, place and monitor trades.

Cant Withdraw My Money Service Use: Livelength Of Use: 6

We work hard to provide you with a fast, reliable and innovative CFD trading experience on Commodities, Forex, Indices, Cryptocurrencies, Shares and more. Remember that CFDs are a leveraged product and can result in the loss of your entire capital. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Many agricultural commodities trade on stock and derivatives markets. Our main idea is to provide the kind of news that is original and at the same time, it can prove to be beneficial for our audience. The fact that LexatradeUK Ltd is regulated by the FCA is a huge plus and it will give you peace of mind that this trading platform operates correctly within the laws of the United Kingdom.

Lexatrade Review Education

It’s so far the best way making money through internet and I would recommend it to any friend. It’s OK for a bit of fun but, absolutely riddled lexatrade broker reviews with many shaddy, ripoff, in built cheating scamming practices all designed to make sure you lose all your money as fast as possible.

We show reviews chronologically, and you can filter by star rating, language, location, or keyword. Hi Jeremy, we are really sorry to see your comment as we are always trying to provide the best Customer Support for our customers. Please share the number of the correspondence you are referring to in case you still need assistance and we will try to get your case solved as soon as possible!

It handles a lot of sensitive information, like personal identification documents, bank and credit card details. All information is submitted on the organization’s website or platform and is encrypted during the process. There is a chance that the client data being transmitted paves the way to be misused or to be intercepted by hackers. The organization essentially furnishes a streamlined WebTrader platform alongside lexatrade cheating similar mobile trading applications for iPad, iPhone, and Android gadgets where customers can place a trade and monitor them. We get to know from Lexatrade reviews that the user needs to go to the broker’s home page to register, and after the verification process, the registration process is complete. It offers two-factor authentication, even though the trader submits their username and password during login.

Thoughts On Lexatrade Scam Broker Review

Moreover, the leveraged trades can lead to greater losses that cannot be handled by a beginner. When compared to other brokers, plus 500 offers lower fees for the benefit of its traders. It provides various tools to help the traders to manage their risk factors. Some of them include stop-limit / stop loss, trailing stop tools, and guaranteed stop.

The ‘rules’ seem to be made up as they go, with ‘some’ evidence, i.e. bank statements (required for withdrawals & deposits) being accepted one day- then not the next. Or-accepted by one department- only to be rejected by another. Asaf Elimelech, CEO – Elimelech graduated in Accounting and Economics from Haifa University and possesses an accounting certificate in Israel.

There is no available information about this at the time of writing this Lexatrade review. Since Lexatrade is a CFD market maker, it is assumed that it follows the pattern of other brokers, which is offering a minimum transaction size of 1 CFD. This fee is typically charged when you leave a leveraged trade open overnight. Ideally, you open either a long or short trading position on Lexatrade and couldn’t close it before the end of the trading day. Lexatrade charges you the overnight fee so that it will help keep the position open for you to continue the next day. Another important thing to have in mind is that Lexatrade has a policy on deposits and withdrawals. The policy states the deposits and withdrawals you make can be free provided you do not exceed the maximum amount threshold for your account.

Deposits And Withdrawals

We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. Start by filling in the following form and a representative will contact you to provide all the information you need to know in order to get your chargeback process started. You set a percentage for buyers vs. sellers that you prefer. This last alert is unique and allows for a small element of social trading. Finally, Traders’ Sentiments alerts will automatically trigger if the percentage of sellers or buyers hits a certain level. Price alerts will inform you the moment that an instrument reaches the sell or buy price that you specified.

• In 2015, Lexatrade became the official sponsor of Atlético de Madrid and later, an official partner of the Brumbies .
• The base currency for Lexatrade is the United States Dollars .
• Since Lexatrade is a CFD market maker, it is assumed that it follows the pattern of other brokers, which is offering a minimum transaction size of 1 CFD.
• The services mentioned earlier show that trading may make you rich by buying and selling various tools.

Of course, some regulatory agencies are not as professional as others or lack the means to enforce the regulation. This is mostly the case for countries were the government is loose and where the overall economy is the victim of poor politics. The FCA as a UK founded organization is far from loose and unprofessional. They are known as one of the strictest regulators who committedly work to protect your finances and operate in your interest. ASIC and CySEC also employ a similar policy and are very trusted organizations which provide security for Australian and European traders. This Lexatrade review deals with one of the most prominent names in the market. The company is headquartered in Israel with branches in the UK, Australia, and Cyprus, or in other words, in the areas where Forex trading is flourishing.

Once the portfolio drops to $200, Lexatrade restores the starting balance. Traders should keep in mind that such amounts are not always realistic, which can slightly compromise the effect of the simulation. The minimum deposit is $100, and the maximum leverage depends on the jurisdiction.