Lexatrade.comis operated by BDS Swiss Markets Global Services Ltd which is the primary payment provider and website operator. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles under license number SD047. Would you like to get notified about future Lexatrade Forex Trading Seminars coming up near you? Join our mailing list and learn more about our services and future events.
The users further complain that accounts are still susceptible to inactivity fees during this time, losing money because they are unable to withdraw. Hi Kim, thank you for your comment, yes Lexatrade is operating in Canada under BDS Ltd whish is authorized and regulated by the Financial Services Authority Seychelles under license number SD047. If you have any concerns about the call you received, you can contact us at and share with us some more information and our Team will happily investigate this for you. Lexatrade Classic and VIP account fees are all included in the spread spreads and commissions charged when conducting trade and vary according to the account type you select. If you are a trader of bigger size and the one prefer commission basis then Raw Account is your choice. The Raw account offers an interbank spread and commission paid per transaction opening which is 5$.
There have been many cases of fraudulent, unauthorised trading schemes, therefore you should always check the regulation of the broker you are looking to use. We remain committed to offering our clients a strong value proposition and we are determined to view this latest restriction as an opportunity to further improve our partnership programmes, products, and services. We remain in constant communication and collaboration with the FCA and the CySEC aiming to find the best way forward. We hope that we can welcome UK clients to our platforms in the near future upon the acquisition of an FCA license. As long as you have an Internet connection, you can trade with Lexatrade.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
They no longer offer the Wealth Management Program and a Copy Trading tool is available under FSC but lexatrade broker reviews only for non-EU clients. Fx online brokers will obviously show positive growth because of that.
Cant See Your Question? Ask To Get Answers From The Lexatrade Staff And Other Customers
While the minimum withdrawal amount at the Lexatrade platform is $100, in most cases the withdrawals are processed free of charge so the withdrawal fees are nil. Yet in case you would like to withdraw profits less than the mentioned amount the broker may add on a fixed processing fee of 10$. Lexatrade platform arranges withdrawal options with a good range of supported payment methods. We were happy to see during our Lexatrade review that asset selection at Lexatrade is ample but largely dependent on the asset sector chosen.
To make this review transparent, of course, we’ve looked at other brokers in this area. The spreads could be a bit smaller in comparison, but the broker would have to cut back on other offers. The service for customers is excellent and recommendable. The only drawback that has been noticed scammed by lexatrade concerns only those with small accounts who want to pay less than 100$/€. The offer of Lexatrade is rounded off with the newly developed app for Android and iOS . Have access to your portfolio from anywhere in the world. Check the latest news and respond to political changes on the go.
Lexatrade Mobile Trading For Any Device
For your personalised and confidential information, please consult your email inbox. After 1-month of not receiving my funds I contacted Lexatrade and they sent me a confirmation of the transfer. I then contacted lexatrade official site my bank to investigate and apparently my bank rejected the transfer due to incorrect information being entered by Lexatrade on the wire transfer. I withdrew my funds via wire-transfer in February of 2020.
When you sign up for an account on Lexatrade’ website, you will automatically have a demo account, which has a default amount of $10,000. The second and third accounts are binary options and basic forex accounts. Both will become available after you provide the minimum deposit of $200. Customers of different languages can also work easily on the website finding their languages by search. Customer support is a service that a trader requires daily, available on a very sustainable and professional level here, and has been successful in answering customers’ complaints.
You can contact Lexatrade Support team via an online chat on their website, by phone or email. Whatever the case, problems are typically resolved within the shortest possible time. In 2013, Lexatrade obtained a license from Cyprus’s financial regulator, CySec and has the HQ in Cyprus with offices in Germany.
Bad On Processing Withdraw Service Use: Livelength Of Use: 0
You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money. Yes, after registering your account with account details, a Practice Account from Lexatrade with a $10,000 initial deposit is available to test the Lexatrade WebTrader platform, MetaTrader 4, and MetaTrader (MT4/MT5), or mobile app. Furthermore, the demo account balance can be reset to $10,000. For the demo account, you need to register and contact your account manager in order to have demo funds added to your accounts. They have stable trading conditions and a global proposal suited to worldwide clients. Here you can find more about other top rated forex brokers.
Almost instantly you will be able to start trading through Lexatrade platforms. Video courses, analysis videos, and insightful webinars, hosted by Lexatrade’ professional analysts and traders. The trade types can be broken down into Forex Cryptocurrencies CFDs, Trading Software, and Features Lexatrade Payouts will vary based on the performance of the underlying asset. BDS review is deemed to be positive when it has such a range. Trading Talks is a 10-course recurring webinar, further aiding the education of new traders. The MT4 trading platform is available as the most basic version.
Is Lexatrade A Regulated Broker?
We’ll be working closely with Lexatrade to make sure that the partnership will deliver significant brand and business opportunities. Here you can find the List of Online Forex & CFD brokers which run Bonus Promotions. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. Lexatrade Group is regulated in three countries, holds the following regulatory licenses. The forums account tied to this review was created from inside the offices of Lexatrade. As we wish to keep transparency in operations, we will once more highlight that this is a 3rd party bank issue and you are kindly advised to check directly with your bank.
- Customer support is a service that a trader requires daily, available on a very sustainable and professional level here, and has been successful in answering customers’ complaints.
- I have created an account with Lexatrade on 8th May 2020 and made a deposit of 250 EUR.
- The website does not provide information on the minimum deposit requirement featured by this account.
- Second, you will have access to multiple charts and view tools for the foreign currencies, equities, or indices you want to watch.
- During the process of buying an item on our site, you can use your Lexatrade.com account to see more of our services.
I made a request of withdrawl of my profit on 10th of March 2020. Its been two months now that nothing has been given to me except fake promises. I checked it with my bank and they confirmed that such matters and checks never took too much time. I have told Lexatrade that your bank is breaching the interest of your customers and you have to launch a complain against your bank but nothing has been done so far. Even I asked for a proof from the bank in this regard but till yet nothing has been done. When we invest it is done in seconds and when we asked for withdrawls it takes months and ages. To be honest it seems a scam now in my eyes and also it has stopped me to invest and do business further with Lexatrade.
Lexatrade touts proven strategies in its Telegram channel, accessible only to VIP and Raw account holders. Lexatrade also provides a full history of the Success Rate of its Trading Alerts service. If you require any further assistance or clarification please contact us at and our Team will assist you further. Traders at Lexatrade.com only can withdraw profits if they can deposit and withdraw via bank wire with IBAN number. The veteran fundamental analyst and Head of Investment Research at Lexatrade Marshall Gittler has shared his insights, views and projections on the upcoming German Elections Report and its impact on the EUR forex pairs.
Links to financial media, and access to live education through daily webinars hosted by experts. Research & Analysis Trading Academy Competitive Conditions & Ultra-Fast Execution Access the financial markets with an account catered to customers’ needs and benefit from competitive conditions and exceptional execution speeds. Metatrader 5 being a newer version has gained great popularity and features even more developed tools and comprehensive analysis options, loved either by beginners or professionals. Moreover, there are plenty of strategies to choose from that are useful for every trader, novice, or experienced one either with manual trading or automated trading through EAs. A multilingual customer support that is available 24/5 is easily reached via e-mail, webform, phone, WhatsApp, Telegram, or live chat; a callback option is also available. In general, Lexatrade comes across as a well-managed brokerage, and traders are unlikely to require assistance.
We do not condone such behaviour and have already identified and terminated our agreements with these individuals. To ensure that we prevent such incidents from occurring again in the future, we have also launched an internal investigation into our global network of partners. When you deposit $10,000, then your account will become Lexatrade Black. The advantages of this VIP account are Average Spread of 1.0, Min Lot Size of 0.1, and there will be no commissions. Lexatrade Basic, on the other hand, has an Average Spread of 1.3 and Min Lot Size of 0.01. If you wish to keep your shares, Google will not owe you anything, but the market maker you signed up with. If you signed up in Lexatrade, then Lexatrade owes you money if you bought CFD shares.