With it, you will be able to access the markets in real-time and virtual currency to train yourself and hone your strategies. With multiple options like these, traders can now choose the most convenient method for them. It makes the process of depositing funds and trading very easy. Our LexaTrade lexatrade scammers review shows that the broker outstanding, except that they do not have investor compensation funds for clients with accounts overseen by FSA and ASIC regulation. In addition to the fast execution speed, traders who want to learn more about the market can integrate with ZuluTrade and MyFXbook.

As for the number of trading instruments on each market, it could have been bigger. There are Swing trading 65 currency pairs available on the platform, including all major pairs and cross rates.

LexaTrade forex brokers reviews

Some brokers charge additional fee for the rollover, which is why swaps may differ. We discovered that the conditions for trading on the Forex market are much more beneficial on the Raw Spread account. This account is excellent for scalping, as LexaTrade does not impose any restrictions on the strategies. The Standard Account is mainly designed for discretionary traders, who use investor funds. Overall happy to trade with LexaTrade, although there were several controversial issues in the trading process.

Desktop Trading Platform

Knowing LexaTrade, trade with a peace of mind is monitored by one of the world’s strictest financial regulatory agencies. LexaTrade, based in Sydney, Australia, is a global broker that allows you to fund and hold your Pound Sterling account and other basic currencies. lexatrade rezension US regulation of the CTFC prevents US customers from trading outside the US with brokers. The execution brings speeds and low latency through fibre optic connects server orders in the NY4 & LD5 IBX Equinox Data Center in New York and London to the market by traders.

LexaTrade forex brokers reviews

In terms of benefits of the broker, in the majority of cases you only have to pay the fee charged by the payment systems. The minimum deposit at LexaTrade starts at $200 to open a live account, regardless of the account you choose, including the Standard, Raw, and cTrader account options. There are also over a dozen funding methods available, ranging from bank transfers and credit cards to third-party payment providers such as PayPal and UnionPay. Forex and CFDs are complex instruments, and trading these instruments come with a high-risk warning. Trading forex and CFDs involves a high risk of losing money rapidly due to leverage and margin. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.

Details: LexaTrade Review

Good support and high-quality withdrawal of funds from the account. 60+ major, minor and currency pairs with tight spreads as low as 0.0 pips plus commission or 1.0 pip commission-free. Provides forex traders with a market overview via a map using local time. It also provides markers for future news events and price activity during each session. Direct access setup to liquidity pools designed for algorithmic forex trading using cBots. For our 2021 Forex Broker Review we assessed, rated, and ranked 27 international forex brokers over a three-month time period resulting in over 50,000 words of published research. LexaTrade provides the mobile version of the three platforms it offers, including MetaTrader 4, MetaTrader 5, and cTrader, all of which come standard for iOS and Android.

LexaTrade forex brokers reviews

LexaTrade is regulated by four leading authorities and is a safe and reliable broker for forex traders in Africa. There have been some unfavorable users reviews on Forex Peace Army. Potential new clients may wish to consider the experience of others on Forex Peace Army.

LexaTrade Standard Account Fees

Is LexaTrade legit features all the key aspects you need to look at to see if a broker is safe and legit. All you need to know about the LexaTrade customer service.

LexaTrade forex brokers reviews

At LexaTrade, MetaTrader 4 is the most popular trading platform. The MetaTrader 4 software enables traders to execute trades with a single click and also includes customizations for market depth research. LexaTrade is licensed by four financial markets regulators. We are a broker comparison & forex education website for Kenyan traders. We have created comprehensive guides to help you get started with online forex trading.

Mobile Trading Platforms

If you would like to trade with the superior functions offered by cTrader and stream prices from significant liquidity providers globally, this is the platform for you. LexaTrade platforms are comprehensive and available across all devices. You will have two software options to choose from; MetaTrader and cTrader.

LexaTrade forex brokers reviews

Additionally, traders may practise trading utilising LexaTrade’ live demo account. The LexaTrade Blog is an oracle of information for any trader, whatever your experience or trading style. Fundamental analysis and technical analysis posts are added daily and go into a lot of depth. For newer traders, the blog offers a comprehensive archive of educational material.


It is regulated by CySEC and ASIC, offering MT4, MT5 and cTrader platforms. ECN broker with the best trading conditions and fast execution. If you are new to trading, LexaTrade offers some of the best service to help you get started. If you are an experienced trader looking for an ECN broker with the best trading conditions and fast execution, LexaTrade is a great choice. A central aspect of this process is the evaluation of the broker’s reliability, trading platforms and the trading conditions offered to clients, which are summarized in this evaluation. Each of these is rated, and an overall score is calculated and assigned to the trading platform.

  • All the experts share the opinion that a two-step login provides much more security.
  • If you have other issues regarding accounts, marketing or affiliate issues there are dedicated email addresses for these departments that you can find on the contact page.
  • Every trader is in the same position, and everyone has a chance to earn a lot.
  • He and his wife Paula live in Melbourne, Australia with his son and Siberian cat.
  • LexaTrade is a popular and world-renowned broker in the currency and CFDs markets founded by Andrew Budzinski, a reputed entrepreneur in 2007.
  • LexaTrade is regulatory compliant and regarded as safe to use by forex traders in Africa.

It should be mentioned that LexaTrade has won some awards, such as Best Forex trading MT5 Broker 2020. A lot of users and a huge number of trades completed every day were noted. However, if you do not own retail investor accounts, LexaTrade is less safe for you since other accounts lose money when there is zero on balance. In this LexaTrade review, we have touched upon how safe the broker is. Every day, more than half a million trades are completed, without any hidden trading fees in EUR/ USD concerned.

LexaTrade forex brokers reviews

While both IC and LexaTrade are both top forex and CFD brokers that accept international traders, LexaTrade offers a greater range of features that enhances your trading environment. To access LexaTrade full product range including Forex, Shares and Cryptocurrency, MetaTrader 5, a multi-asset platform, is better suited than MT4 or cTrader.

Nevertheless, you need to make sure that your deposit option is harmonized with your base currency, because there are a few deposit options who do not support all ten base currencies. However, if you decide to use the withdrawal method of an international bank transfer, then you will have to pay a withdrawal fee of 20AUD, or its equivalence.