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For example, you can use dealCancellation, which is a feature that allows you to close the trade within 1, 3 or 6 hours if the price goes against you. You will have to pay a fee for this but the fee is smaller than what you would lose on the entire trade. All these are great features, which make it appealing to go for the more simplistic web trader rather than MT4. Since 2001, we strive to ensure that our traders receive the best possible trading conditions, products and services.
The seller asks to be paid via international money orders, checks, direct bank wires or cryptocurrency and will not accept any other form of secure payment. They don’t charge fees for opening an account, depositing, or withdrawing. Support was very fast to answer, very polite, and solved my query without running around the bush. top forex brokers Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. It is unfortunate that you feel this way since throughout your trading activity with us we supported you and provided you with any assistance required. They told me that when they told me they were restricting my account deposits.
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If the account remains dormant, a fee of 25 USD will be charged every six months. Thereafter, accounts with a zero-free balance will be closed. Between 2001 and 2006, the CFTC has prosecuted more than 80 cases involving the defrauding of more than 23,000 customers who lost $350 million.
- It is licensed and regulated by the Financial Services Commission (FSC-BVI).
- Traders can easily switch between the demo and the live trading accounts.
- LexaTrade offers more than 200 tradable assets with its competitive platforms.
- This is good news for those who trade on fast-moving markets that would require them to have access to real-time data.
- This has kept many traders stuck with the MT4; making it the most commonly used platform among traders and brokers.
- Alternatively, if you have a Google or Facebook account, you can import your profile info into LexaTrade by clicking the appropriate button and signing into your account.
The platform is similar to the WebTrader in terms of the features available. Anywhere you decide to access LexaTrade, their platforms have a very smooth user interface, making it simple for traders to navigate. With most brokers, you are provided a choice of trading platforms so take the time to select the one that will give you direct access to your preferred financial assets.
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Users need to verify their accounts before they can carry out crucial activities such as withdrawal of funds and more. The verification process involves the submission of proof of ID and residence documents.
If you wonder how to report online scammers, you can do it on the official website of the Federal Trade Commission . You can also type the names of suspicious businesses in the comments section below. We take pride in our Scam Detector VLDTR® tool and in the fact that the rankings can’t be rigged or bought. The ratings are not based solely on reviews that people leave on specialty websites but an intelligent aggregation of powerful factors. No, it is not, but you need always to pay attention to details and use common sense when engaging in online transactions of any kind. It also has some subsidiaries including Easy Forex Trading Ltd and Easy Markets Pty Ltd.
A third-party tool, Trading Central’s professional analysts use the most advanced technical analysis tools in the industry to curate relevant information. This tool essentially supports traders without the technical know-how in making trading decisions. lexatrade reviews Trading Central is considered one of the best trading tools in the industry, and LexaTrade does well to offer this tool to its clients. In addition to educational materials, LexaTrade also provides traders with several trading tools and resources.
FxScouts follows a strict editorial standard in our review process. We may receive compensation when you click on links to products we review. The Financial Conduct Authority website lists guides to aid with avoiding fraud/scams as well as public list of warnings recorded by the FCA. Yes, LexaTrade is regulated forex by the highly reputed ASIC and CySEC. It cannot be withdrawn but can be used to open trade positions. The most popular cards like MasterCard and Maestro are accepted by all clients. JCB cards can be used by only European clients and the AstroPay card is accepted from all except EU and Australian clients.
Here is a detailed summary of everything you need to know about LexaTrade. LexaTrade Live Account is used to do live trades with real money involved. Signing up is also the same as signing up for a demo account. Register an email and create a password, or if you would like to use a social media channel, you can use your Google Account or Facebook Account in signing up with LexaTrade. The minimum initial deposit required is $100 for a standard account.
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Though once you find your footing and are confident enough to deal with the uncertainties of trading, there are places to go that offer much cheaper trading environments. LexaTrade is an award winning global broker with full access to 300+ financial markets on our innovative and easy trading platform. LexaTrade offers some unique features for traders who want to succeed.
Under the menu, there is another “Deposit Funds” option along with a demo/live account toggle and live chat functionality. The web-based platform allows traders to navigate between different trading instruments. We also review and explain several technical analysis tools to help you make the most of trading.
I have used this broker close to a year now and i dont have any problem with it. LexaTrade have gathered 37 international awards for the past years of its excellence. This broker has been recognized this year as the ‘Best Forex Broker’ in 2019 The Forex Expo Dubai.
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This is, therefore, a powerful claim to make and may influence thousands of clients to feel they are safe to deposit their money with LexaTrade or easy-forex. Therefore, it is important to explore the accuracy of this claim. From the very beginning we were one of the first and one of the few brokers to offer a truly online trading experience. This included credit card funding and an intuitive web based trading platform.
It is really convenient and we can say that it is easy to get in touch with LexaTrade’ support team with these chat options. The LexaTrade Web platform is a powerful platform that does not require downloading of the software. With this platform, traders can access all listed assets easily. It runs on all operating systems with 81 technical indicators and other analytical tools.
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From 2001 to 2007, about 26,000 people lost $460 million in forex frauds. LexaTrade does not offer traders spread betting and therefore spread betting fees do not lexatrade cheating apply to this broker. LexaTrade provides a comprehensive summary of fees along with a spread list in addition to traders not having to pay commissions on trades.
We completed the withdrawal request form and submitted it to the customer support team together with our identity verification documentation. The application was reviewed earnings on forex and approved in less than 24 hours, and our money was sent to our bank account. Keep in mind that you have to verify your account before you can withdraw your funds.
Support is offered for its beginner-friendly proprietary platform and MT4, and LexaTrade’ trading costs and minimum deposits are reasonable on both of its accounts. LexaTrade have also developed a mobile app trading platform so traders can trade anywhere and anytime they want.