A minimum deposit is the minimum amount of money required by LexaTrade to open a new online brokerage account with them. LexaTrade is a global trading platform in the sense that it operates in 194 countries including nations in Europe, Asia, Oceania, and Africa. Major countries LexaTrade covers include the UK, Germany, Australia, South Africa, Thailand, and China. LexaTrade is regulated, governed and supervised by reputable financial regulatory bodies.
Market managers who use LexaTrade solutions will have more time to study the markets, instead of worrying about admin tasks. LexaTrade has an efficient onboarding process for clients plus multilingual support. LexaTrade has excellent liquidity thanks to its aggregated pool from more than 15 different Tier 1 providers.
Currency pairs available to trade on LexaTrade include both major pairs and emerging or exotic pairs. Currency pairs can lead to profits, particularly with leverage, over short periods, whether there is a downward or upward trend. Because they have a negative or low correlation to the other asset classes, they are great for hedging and diversification. LexaTrade provides access to gold, silver, platinum, and palladium. Clients of LexaTrade can trade currencies, precious metals, stock indices, commodities, and bonds. The stock index offerings include the main American and European indices, plus those from Japan. Most stock index CFDs offer Forward or Spot/Synthetic choices.
Spreads start at just 0.6 pips and the minimum deposit is €5,000. Free webinars to improve your financial knowledge and tutorials in which you can learn about our eTrading platform. The material does not contain investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible. With Negative balance protection means traders cannot lose more money than they have deposited. When you send in a withdrawal request to LexaTrade, this will be honored. If they violate any regulatory rules their regulated status can be stripped.
News & Analysis
LexaTrade undertakes to treat such information using security measures LexaTrade deems appropriate. Choose from a range of award-winning platforms, complete with premium analysis tools and plugins. Quickly search for securities, analyses and charts, or select products based on your personal criteria. There is a range of research and educational materials available which includes Morning News, Articles, eBooks, Trading courses, Podcasts and YouTube Videos. The bank also provides multilingual customer support 24/7 through Live Chat, Phone, Email and an Online Contact Form. There is also an inactivity fee charged after six months of no trading activity at 10 units of the base account currency.
You should fully understand the risks and seek independent advice if necessary. The first exchange of information will take place in 2017 and will concern financial data relating to the financial year 2016. From this point onward the report will be due each year for the previous calendar year.
- One of the most important criteria for traders when choosing a broker like LexaTrade is the regulatory body and regulatory status of the broker.
- Knowing how to identify potentially suspicious requests will help prevent fraud and ensure your data remains safe.
- Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.
- All money funded to LexaTrade is placed into a segregated tier 1 bank account.
- As for the range of instruments available, SaxoBank is in the lead while Degiro has broader access to international markets.
- LexaTrade is a broker offering traders access to forex and CFDs.
Fundamental analysis videos include an introduction and fundamental trading strategies. The risk management videos include an intro, measuring risk, and managing risk. The LexaTrade advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. Understand that the MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting.
Transparent Market Performance
The mobile websites are easy to navigate, though just like the desktop website can be confusing due to all the different entities and products. LexaTrade also offers Autochartist, a program that automatically identifies trading opportunities. Several different platforms are available to all of LexaTrade’s clients.
The primary treasury products you can trade with LexaTrade include the US T-Bond, the German Bund, and the British Long Gilt. Stock indices let traders capitalize on the market movements of a broader nature. LexaTrade provides access to #SP500, #NAS100, #DE30, and #SMI. This includes low capital requirements, high leverage, no shorting rules, and no restrictions for day trading.
The protection of your personal information is our top priority. Knowing how to identify potentially suspicious requests will help prevent fraud and ensure your data remains safe. Full guidance notes on how to complete the form, as well as information about treaty rates, are available on the IRS website.
In the case of banks within the UK, there is coverage under FSCS. Since LexaTrade is authorized and regulated by the FCA, it complies fully with the regulator’s rules for holding assets. This includes keeping client funds fully segregated from the LexaTrade funds.
LexaTrade Middle East
You can transfer money to your LexaTrade account via Interbank or ISR at the Post Office or via online banking. Please complete the Transfer order form that can be found on our website and send it to the bank lexatrade cheating where staff will organize the transfer. After giving your personal data to register for a new account on the website, you will receive guidelines about digital account opening and the required documents.
This information includes their signature, employer or registration number, full name, address, and the date. You must have a minimum of one-year experience working in the financial sector. This must have been in a position where derivative trading knowledge was necessary. Elite Accounts are also very similar, changing the spreads, commissions, and minimum deposit. While Premium and Prime Accounts have no commissions, Elite Accounts do. To make Elite Accounts stand out, spreads start at 0.0 pips.
Keeping the positions in your account will not guarantee your right to benefit from future gains, as the regulator can decide to block the handling of these securities at any time. Yes, the currency of settlement does not have to be the currency of the stock you are trading in. When placing an order on a stock cryptocurrency or ETF, you can choose from any of the nine available currencies for settlement, depending on your available funds. Settlement will be two or three working days after the transaction, depending on the exchange. However, the amount of this trade will be taken into account immediately in your available funds.
To Access Your Accounts
If you are looking for 500 to 1 leverage, this is not the broker for you. However, if you are new to trading and take risk management seriously, LexaTrade is a very good option. They are one of the safest brokers around, have a good selection of reliable platforms and extensive education resources. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail client accounts lose money when trading CFDs. You should consider whether you understand how CFDs and FX products work and whether you can afford to take the high risk of losing your money.
This means that Forex, Social Trading are considered financial assets. Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship. When trading in the financial markets it can be very time consuming to find a broker that meets your needs. LexaTrade Pte Ltd is a wholly owned subsidiary of LexaTrade Bank SA based in Singapore. The company owns a license to provide services on the equity market issued by the official Financial Services Authority in Singapore .
What Are Tier 1 Banks And Why Should LexaTrade Use Them?
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In the case of private individuals who are directors or shareholders, their required documentation varies slightly. lexatrade forex brokers reviews Those verification documents must meet the same requirements as a private account holder would meet.
The Group’s shares have been listed on the SIX Swiss Exchange under the ticker symbol “SQN” since 29 May 2000. The Group’s headquarters are located in Gland, Switzerland. The company also has offices in Zurich, Bern, London, Dubai, Hong Kong, Malta, Singapore and Luxembourg.
This includes the web platform that works from your browser of choice. It is fully compatible with the native MT4 desktop application. The mobile version of MetaTrader 4 is available for Android and iOS. It includes the most popular tools plus all types of orders. It also has account monitoring, one-click trading, and interactive quote charts. Both MT4 and MT5 let you trade forex, precious metals, Forward CFDs, and spot CFDs. Both have mobile trading and desktop trading, while MT4 also offers web trading.