LexaTrade platform features added functionality, rapid execution of trades and up-to-date pricing. This is the multi-account manager and it assists with performance and commissions. When you run the multi-manager accounts, only trades in the MT4 master account are considered. A user-friendly interface and feature-rich trading is available. Other options include high-speed fix API solutions for high-volume traders.
- Instead, check out what other traders have to say about their first-hand experiences trading with LexaTrade.
- The only exceptions are instruments such as Brent Crude Oil, Natural Gas, WTI Crude Oil and exotic currency pairs, which will incur a small overnight financing charge.
- He also founded a number of FinTech and digital startups including Innovate Online and SMS Comparison.
- This is a very useful function for advanced traders seeking opportunities for arbitration and hedging risks.
- Yet, if you are interested in trading shares with LexaTrade, you will need to use MT5.
- When it comes to providing its customers with a diverse array of trading instruments and assets, the LexaTrade trading brokerage does not disappoint.
This gives you an indication of just how popular the site is, and how many trades they facilitate each and every day. International Capital Markets – more commonly known as LexaTrade – is one of the world’s largest ECN brokers and is based in Australia.
The Withdrawal And Deposit At LexaTrade
So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products. LexaTrade boasts some of the tightest spreads for forex and CFD trading. LexaTrade currently has the tightest average EURUSD spread globally. MetaTrader is a pioneer electronic trading platform developed by MetaQuotes Software. Since 2002, MetaQuotes Software has released several software applications for trading, but the company hit the jackpot with MT4.
What it means is that you can get various trading pairs of currency pairs, CFDs, and crypto. MT4 remains a widely used platform for forex trading due to how easy to use it is, as well as how fast it executes traders. It also offers traders lots of customizable tools as well as several special features that traders can take advantage of. MT5, on the other hand, offers traders the ability to trade multiple assets with state-of-the-art ordering and charting tools. MT5 is particularly suited for institutional and advanced traders.
Is Ic Market Regulated?
Founded in 2007, the company has a proven track record so far. The secret of the broker is that it provides true ECN market access and has very favorable trading fees for the best technology in trading.
This includes both the ICE Dollar Index and the CBOE VIX Index. You must have the MT4 platform to trade futures with the CFD broker. Gain exposure to the 23 of the largest indices around the world.
You can also place Micro Lot Trades, and there’s a total of 64 currency pairs on offer. They also offer a swap-free account and a demo account, the latter of which I’ll cover in just a moment.
Compare LexaTrade To The Following Forex Brokers
LexaTrade does not offer bonuses or such promotions to their clients. You can now check your email for confirmation email and the details of your account that required to start trading. There are two types of stop-out orders, the Smart Stop-Out and the Fair Stop-Out. With the Standard Account accessed through MetaTrader4 with VPS Cross-Connect and spread with the basis from 1.0 pips. LexaTrade has been generous with the fact that there areno depositfees, no withdrawal fees, and no inactivity fees.
You can find any tools from advanced charts on MT4 to Virtual Private Servers. With cTrader, you have the choice lexatrade courses scam for an email notification that will alert you on various order types and if your price has reached its target.
Do We Recommend LexaTrade?
I also experienced reliable customer support and helpful staff. So far, ICM is the best FX Broker I have dealt with in the last years. On the other hand, LexaTrade has, at least for the time being, not included any E-books for a more in-depth look into concepts such as financial investments strategy markets, trading strategies and styles of trading . We contacted the broker’s Australian office during local business hours and received a response in about 2-3 minutes. We were treated in a truly professional manner and obtained the information we were interested in.
Always trade with a broker who provides the platforms and tools you are most comfortable trading with. All the above brokers come with Metatrader 4 as the standard. Others have Metatrader 5, and ICM markets additionally have cTrader. As we can see from the results the maximum spread reached is 3.65.
The LexaTrade brand is owned by International Capital Markets PTY. LTD, a privately held company located in Sydney, Australia. They primarily offer online brokerage services for forex trading, with some choices of futures, indices, stocks, commodities, bonds and cryptocurrencies. LexaTrade has grown to become one of the largest providers of forex CFD’s in the world. lexatrade website We recommend you to use the function of notifications as another advantage of the LexaTrade trading platform. It will help you stay tuned and not let your accounts lose money. Another huge advantage of LexaTrade is that it can boast a well-considered and implemented user-friendly interface and is, in practice, extremely easy to use, unlike some of the other brokers.
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If you fund your account in the same currency as your bank account or you trade assets in the same currency as your account base currency, you don’t have to pay a conversion fee. On the negative side, LexaTrade has a limited product portfolio, offering only CFDs and forex. We also received slow and irrelevant answers on live chat. Lastly, there is no investor protection for non-EU clients.
The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. This is important for you because theinvestor protection amountand theregulator differ based on which entity you belong to. If you preferAPI trading, LexaTrade offers cAlgo, which uses the C# language. You can access these research tools if you click on ‘Trading Central’ or go to ‘Featured Ideas’. We really liked that you can change the default leverage size of the products when trading.
LexaTrade attempts to provide the best technological solutions, along with the crucial aspect of top-of-the-line customer service and technical support. Its employees have long-term experience in the Forex industry, and that is why they understand what traders need.