She stayed beside me over the initial period to ensure everything was set up correctly and functioning. This is important for you because the investor protection amount and the identity of the regulator differ from entity to entity. Technical indicators, which is about average when compared to other brokers. You can only find limited fundamental data, such as the P/E ratio or the debt-to-equity ratio. Amassing more clients in the following years, LexaTrade extended its services to different jurisdictions across continents.
- Everyone should understand how to distinguish a good broker from those that are often considered scammers and why forex is a scam.
- There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website.
- As on other sites, bank transfers arrive on accounts lexatrade.com site faster than when withdrawing to a card.
- The design allows users to see only what they need in a simple and understandable presentation.
Unfortunately, it is almost impossible to get the money back from this type of broker. You can try to withdraw small amounts (if the withdrawal limits allow you too), but do not invest more, you will only lose more in that case. You can also report about this issue to your local financial regulator or the regulator where the broker claims to be located. E-Wallet payments made using PayPal or Skrill are processed the same day, however, they attract a transaction charge of 2%.
Overall, while xDirect appears to have a solid foundation in terms of service and support, potential clients might want to weigh the pros against the cons of financial specifics before diving in. Since the company offers MetaTrader 4 trading, it is also a good fit for forex programmers and high-frequency traders. Pro Account -the Pro account type has a minimum spread is 0.28 and the minimum order is 0.1 lots. Commissions on forex, indices and commodities start from $4 per lot.
Through its reliable trading platforms, the broker provides access to trade instruments such as forex, commodities, indices, and cryptocurrencies (xStation and MetaTrader). From the collective insights of users on platforms like Trustpilot and Sitejabber, it lexatrade login seems that xDirect has garnered a mixed reception. Clients appreciate their user-friendly platform and the accessibility of educational resources for new traders. The customer service is often highlighted as responsive and helpful, addressing issues with professionalism. However, there are mentions of dissatisfaction regarding withdrawal processes which some users describe as slower than expected. A few reviews also point out concerns over spreads and fees, suggesting they could be more competitive.
Great and fast service
We present your user reviews, according to the rating of a broker. Reports of bogus law firms, or non-existent investor compensation funds, are on the rise, claiming to help people scammed get their money back. St Vincent and the Grenadines of SVG is an island in the Caribbean, which became quite a known location for its tax haven offering out of the international companies. St Vincent is indeed an attractive solution among financial companies and those businesses that for one reason or another choose to operate through an offshore company. “If, in general terms, the company works honestly, and I would not say that there are some illegal actions. It is not necessary to wait for some news, and the market is moving unpredictably.
IC Markets
XTB offers you mobile applications on Android and iOS for both xStation 5 and MetaTrader 4. The Mobile App UI is designed in a modern way with user-friendly features. This trading platform, which has existed for a while, has become one of the most popular and powerful trading platforms. The platform is distinguished by its simplicity and functionality and offers the widest opportunities for trading and market analysis.
The clients were not even all praises in the entirety of the broker’s services, leaving some room for improvement and giving us a clear indication that LexaTrade also has its share of flaws and setbacks. The Pro+ account is the most advanced account type offered by xDirect. The account is a good option for traders who are very experienced and who are looking for the best possible trading conditions. This site was created for people interested in learning digital options, cryptocurrencies, Forex, CFD, ETF, OTN, and ICO and, of course, how not to fall for the bait of unscrupulous trading platforms.
This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice. For example, you can invest in several different types of indices. They allow you to invest in standard exchange indices and sector indices, for starters.
Ratings and Reviews
Whether you are a seasoned professional or a novice to the financial markets, you will find a platform that aligns with your goals and strategies. While both platforms share some similar features, they each have their distinguishing features. Incentives and bonuses from the Forex review broker help traders use the loyalty of traders in the company’s services, as well as attract more investors interested in developing a digital platform. The platform allows traders to choose a specific expiration time.
In addition, there are many fake brokers stating their address, regulation or registration at SVG, while pretending to be a legit firm but in fact are not. Excellent bonuses, high leverage, immediate execution, tight spreads, 24/5 support and no commissions. Milan took the time to give me detailed explanations to my queries, and the fact that there is such a quick response time is a real winner for me. As a beginner …it’s extremely easy to learn on this platform…the guidelines are so useful and the learning experience is existing and amazing…
In addition to this, you can also invest in portfolios and indices that are curated by industry professionals. XTB stands for X Trader Brokers, is an online retail forex broker. XTB offers to trade following assets on MetaTrader 4 and xStation 5. We mentioned above that our XTB review is focussing principally on cryptocurrencies, however their other trading possibilities are not worth ignoring, and certainly deserve a mention here. Traders on XTB have the choice of over 1500 global stock CFDs including giants such as Facebook and Apple. There are also over 80 Exchange Traded Funds to be selected, with commission starting as low as 0.08%.
- These trading accounts are accessible to all clients without restriction and do not require real money.
- Profit with minimal risk by using all the features of the terminal.
- We have created and implemented an online platform for easy and efficient trading.
- Because over time you learn to recognize, and to distinguish, a scammer from an honest broker.
- In addition, there are many fake brokers stating their address, regulation or registration at SVG, while pretending to be a legit firm but in fact are not.
On the LexaTrade site platform, merchants offered to trade various instruments and property. The broker provides clients with about 50 currency pairs, gold, silver, and other precious metals, as well as pointers and cryptocurrencies. Overall this is a promising broker but a few tweaks here and there would make it a better one. Lower deposits, more information about deposits and withdrawals, a basic FAQ, and a demo account are just a few adjustments that would go a long way and would make LexaTrade a higher-tier broker. That being said, they are very new at the time of this review, so there is time for improvement.
XStation 5, while limited, is intuitive and functional, and certain lexatrade courses scam features, such as the instrument scanner and heat map, heighten its appeal to any type of trader. The second available trading platform by XTB, MetaTrader 4 is one of the most popular trading platforms for traders and investors. Although XTB offers a broad range of financial products, the broker does not allow traders to control your leverage unlike other forex brokers in the industry. We offer favorable terms that allow you to take control of your money.
Whether you’re a beginner or an experienced trader, AvaTrade offers a range of tools and resources that make trading a breeze.The customer support is top-notch, always responsive, and ready to help with any queries I have. Their educational resources have also been invaluable in improving my trading skills. What really stands out to me is the reliability and speed of their execution—trades are executed quickly, with no issues at all.I highly recommend AvaTrade to anyone looking for a trustworthy and efficient trading broker. They have exceeded my expectations, and I look forward to continuing my trading journey with them. The Pro account is a good choice for traders with more experience who want tighter spreads and greater leverage. It offers all the features of the Standard account and a few additional important features.