XTB is a multi-asset platform that allows you to trade with various instruments. We will discuss in detail below the various asset classes you can trade on XTB and each type’s general and specific features. In this light, it can be said that LexaTrade is a legitimate business entity and is a regulated broker. Yet, questions remain whether this regulatory affiliation is strong enough to set aside fears of losing trading funds of clients in the event of insolvency. Fortunately, IFMRRC features a Compensation Fund scheme to be observed by all its 49 regulated brokers including LexaTrade. LexaTrade BackgroundLexaTrade started its operation by just managing cash transactions in real-time trading using PAMM accounts.
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Additionally, it will provide LexaTrade reviews from LexaTrade clients to help you picture out the broker’s overall service. The trading offer is one of the most important factors traders consider before trading with a broker. As such, xDirect has worked hard to ensure that it provides its clients with diverse tradable instruments to meet their trading needs. In the following sections, I will provide a more in-depth analysis of each trading account offered by xDirect. By the end, you’ll have a comprehensive understanding of each account type, empowering you to choose the one that suits your trading requirements.
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Before making any financial commitments, it’s an opportunity to improve your self-confidence. Selecting a broker might be difficult because they all seem to provide the same trading terms. While conducting the review, I examined all the necessary conditions, leaving no stone unturned. I furthered my research by reading several customer reviews to ensure that the claims on the xDirect website were legit. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge. It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable.
Compare LexaTrade alternatives for your business or organization using the curated list below. Compare features, ratings, user reviews, pricing, and more from LexaTrade competitors and alternatives in order to make an informed decision for your business. Indices are baskets of stocks that track the performance of a particular market or sector.
The maximum withdrawal amount depends on whether you have a VIP or a standard account. Your funds will return to the method of payment that you used to deposit money. The withdrawal of funds takes from 24 hours to 3 days for investors. Most of the company’s customers say that money comes without a problem. Sometimes it’s about small overlays, but technical support helps you solve them quickly. The trading terminals have all lexatrade login you need but no real advanced functions.
Thanks to trading consultants, you can conduct remote trading using mobile gadgets and trading consultants. One of the advantages of the payment system is the ability to conduct any transaction using bank cards. In addition, it is impossible to say that LexaTrade lie, because here you can pay with cryptocurrencies or other countries, such as precious metals, major currencies, and indicators. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Besides using two-factor authentication, it’s important to change your password to keep your account secure regularly. We recommend changing your password every three months to maintain the highest level of security on your Quotex account.
This is because there are many traders online claiming to have been scammed by LexaTrade. But browsing the broker’s official site, LexaTrade asserted the legality of its business operation and its regulatory compliance with the International Financial Market Relations Regulation Center (IFMRRC). Despite limited information available on the LexaTrade website, other Lexatrade broker reviews will tell you that the broker is under the Maxi Markets group. However, LexaTrade forex broker’s official site claims that the brand is owned and operated by Swissone Group Ltd.
Most trading platforms provide additional security measures, like two-factor authentication, to help users ensure their accounts are as secure as possible. Trying to find an online broker that meets your needs can be a daunting task, not least because there are so many trading platforms in the online space. If you are looking for a broker that deals with stocks, commodities, options and ETFs, we recommend paying attention to LexaTrade, and our review will help you with this. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader.
History of xDirect
This time, we will feature some of the feedback and reviews of current LexaTrade clients to give us some first-hand experiences with the broker and how they feel toward their service provider. From the Standard Account, offering a straightforward entry point with competitive features, to the Pro Account, tailored for experienced traders seeking advanced trading conditions, xDirect leaves every trader behind. XDirect offers you two distinct platforms designed for your convenience as a trader.
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To ensure compliance, xDirect is subjected to rigorous assessments and audits by regulatory bodies. These assessments look at various aspects of the company’s operations, such as financial stability, risk management practices, client fund protection, and anti-money laundering compliance. This broker attracted me precisely with this – in all reviews about LexaTrade, it is distinguished by the reliability and honesty of the company. Of course there are questions, but after correspondence with tech support everything is successfully resolved. Everyone should understand how to distinguish a good broker from those that are often considered scammers and why forex is a scam.
- Within 10 minutes of registering a new account, Alev Nazli (Account Manager) was straight on the phone talking me through all the initial aspects required to successfully open the account and start trading.
- XDirect is among the most “advanced” brokers in obtaining the knowledge required to work in the financial markets.
- It has fast execution speeds, advanced chart trading, technical analysis, market sentiment, trader statistics, equity screener, trader’s talk, etc.
- The account is a good option for traders who are very experienced and who are looking for the best possible trading conditions.
- We will discuss in detail below the various asset classes you can trade on XTB and each type’s general and specific features.
- For example, you can invest in several different types of indices.
- XTB is a multi-asset platform that allows you to trade with various instruments.
LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. Along with the broker’s regulatory background, this broker review will also rundown key advantages and features of LexaTrade.
- They do, however, offer attractive loyalty programs for active traders.
- LexaTrade provides an intuitive and easy-to-understand interface.
- We have found that the complaint alone is not enough, that a practical law firm in Forex trading can succeed where the authorities stop, because they cannot devote themselves to every single person who presents a complaint.
- LexaTrade is an online broker registered in Saint Vincent and the Grenadines in 2018, has IFMRRC certificate of conformity No. 0395 AA V0142 and is licensed by the Securities Commission.
- An account on a trading platform differs from one on other platforms (like social media platforms) because it houses money.
The charting tools available on the platform are highly specific to the asset classes you trade on. Apparently, the pair of customer reviews clearly reflects the broker’s honest and quality trading services, contrary to some maligning customer reviews that try to dent the broker’s reputation. These clients are enough proof that ‘LexaTrade scammers’ is merely a baseless claim.
Bank transfers may take up to 3 days to show up in your account. At the time of signing up, traders need to fund the account with a minimum £/ $/€ 250 while signing up. Similar to most transactions, there are no charges for withdrawal as well. Nowadays, it is second nature to an investor to choose an officially regulated broker with a decent regulatory history. Hence, it is of primary importance for a forex broker to assert its legitimacy through its regulatory certifications.