Regulated Forex Brokers

As market access differs between MT4, MT5 and cTrader, the products you want to trade will help determine the best-suited trading platform and account type for you to choose. As CFDs and Forex are complex instruments, it is important to minimise the high risk of trading and avoid scams by signing up to a regulated broker. Most international brokers have multiple subsidiaries that are overseen lexatrade scammers by different financial authorities and therefore provide different levels of investor protection. Traders can utilise the advanced range of charting tools available on MT4 and MT5 to identify changes in financial markets and profitable strategies. While both platforms offer a solid range of technical analysis tools, MT5 provides a wider selection of features compared to its predecessor.

  • The following table summarizes the different investment products available to LexaTrade clients.
  • Meaning when compared to FP Markets, LexaTrade provide the best funding methods overall.
  • During all the 9702 trades test we also recorded the execution time for the trades.
  • High leverage is particularly suited for forex traders who have a high-risk tolerance when scalping or using expert advisors, or trade currency pairings with low volatility .
  • MetaTrader 4, MetaTrader 5 and cTrader make up the suite of trading platforms offered by Pepperstone.
  • Unlike LexaTrade, FP Markets customer support is limited to 24 hours a day, 5 days a week.

This means orders including stop loss orders can be placed as close to the market price as you like. Although most funding methods are fee-free, LexaTrade clients withdrawing funds via international bank transfer are charged a fee of AUD $20.

They also give good options for the advanced traders, because they connect the signal providers with the investors. They are easy and fast to set up, and in just a few months of successful trading, they can quickly find investors. The broker offers swap-free accounts for clients with Islamic beliefs. The company has licenses from the Australian Securities and Investments Commission and Cyprus Securities and Exchange Commission – two of the strongest regulators in the world. A guaranteed stop-loss order such as that offered by LexaTrade is when you can pre-set the maximum amount your willing to lose on an individual trade.

Trading Accounts

According to the club representatives, the broker failed to fulfill its contractual obligations. The brokerage firm stock market denied all allegations and false statements made by the contractual partner for dumping its sleeve sponsor.

Beginner traders who lack the experience to develop their own trading robots can download and buy EAs from MetaTrader’s Marketplace online. All LexaTrade account types are available on MetaTrader 4 and MetaTrader 5. While LexaTrade and LexaTrade offer different pricing structures, IC’s Raw Spreads account can be compared to LexaTrade’s Ultra Low account type and LexaTrades Zero Spread account . The customer support service is very bad, because they were answering for a long time. The platform very often freezes and I can’t be able to trade, to open and close positions.

LexaTrade forex broker

You can trade 4+ global futures CFDs with no commission fees. 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. provides traders 91 currency pairs (e.g., EUR/USD) compared to LexaTrade’s 61 available pairs. Forex pairs aside, offers traders access to 4500 CFDs while LexaTrade has 230 available CFDs, a difference of 4,270. For forex and CFDs traders, copy trading and MetaTrader are both popular platform options.

So What Is Leverage?

Since LexaTrade is a true ECN broker, price manipulation is excluded. In addition, there are no requotes and your position will always be executed at the next best price. In addition, the broker is supplied by various liquidity providers. This means that there is always sufficient liquidity available . As we can see from the results the maximum spread reached is 3.65. This happened in the hour after the rollover and is completely normal- we can expect this at any broker. The maximum average spread of 1.6 pips was also reached in the same hour, which is pretty good for this time frame.

LexaTrade forex broker

If you are a CFD and forex trader following Sharia Law, the broker offers an Islamic Account type with either Raw or Standard pricing that does not incur any interest-based swap rates. delivers an excellent trading experience for forex and CFDs traders across the globe. With competitive pricing, full-feature trading platforms, comprehensive market research, and a robust mobile app, caters to traders of all experience levels.

Forex Platform Execution Speeds

UK and European customers signed up to an LexaTrade Zero account type are limited to trading Forex and Precious Metals, while MetaTrader 4 users are unable to trade Share CFDs. If you are interested in Share trading, MetaTrader 5 is better suited as it is a multi-asset trading platform that offers more diverse market access. LexaTrade and LexaTrade offer a very similar range of risk management tools.

LexaTrade forex broker

Smart Stop Out – based on a more advanced algorithm, it ensures maximum protection for clients’ trading accounts. In case a trader’s margin level drops below Smart Stop Out level, his/her active positions will be closed partially until margin level is restored back above Smart Stop Out level. We should note that Smart Stop Out will only close what is absolutely necessary from the trader’s largest position to restore his/her margin level.

Forex Risk Disclaimer

The table below compares European forex brokers with the lowest spreads. Both online brokers provide a range of order types to assist traders in managing risk. Although clients trading with CMC Markets can choose between the online brokers’ proprietary platform, Next Generation, or MT4, LexaTrade offers the three best trading platforms for retail investor accounts. At CompareForexBrokers, we recommend using MetaTrader 5 with LexaTrade, as traders gain access to Expert Advisor features, advanced charting tools and LexaTrade full product range. In addition to forex trading, IC Market and FP Market traders can create diversified investment strategies using CFD instruments such as indices, commodities and shares. When LexaTrade and FP Markets average commission-free spreads are compared, LexaTrade offers the most competitive pricing for all currency pairs shown. If you want to focus your trading strategies around a major currency pair such as the EUR/USD, LexaTrade offers lower average spreads of 1.10 pips (FP Markets averages 1.19 pips).

LexaTrade forex broker

If you decide to use an automated element in your trading, you can also take advantage of the integrated VPS and make your expert run 24/7. The second type of fee is connected with your trading activity. Based on your style of trading could be the SWAP or spread more important for you. If you are an active day trader, the spread is more important. The spreads in LexaTrade are very competitive – for example, the spread for EURUSD starts from 0.1 pips for ECN accounts.

Cmc Markets Vs LexaTrade: Account Funding

First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. I really enjoyed your website, searching for the best broker for my wishes. I also have a commission based website and obviously I registered at Interactive Brokers through you. It also has an easy lexatrade official site and fast account opening process, while depositing and withdrawals are free and user-friendly as well. This website uses Google Analytics, a web analytics service provided by Google, Inc. (“Google”). Google Analytics uses analytical cookies placed on your computer, to help the website analyze a user’s use of the website.

LexaTrade forex broker

The MetaTrader is from my experience one of the best trading platforms with countless possibilities to realize his trading. The spreads start at 0.0 pips and the commission is $ 3 per trade $ 100,000 in CTrader. In the Metatrader, the commission has been increased by 50 cents to $ 3.50. A change to this broker is worthwhile even because of the low fees for trading. A big plus is that the minimum deposit is as low as 200$, and traders can open a micro-lots account to be able to accomplish much better money management with smaller capital. Live chat customer service is also offered by the CFD provider.

LexaTrade forex broker

The funny thing here is that it is cheaper to trade CFDs on LexaTrade than buy the real currency on an exchange. There are more than 20 indices from all over the world available. For example, the NASDAQ indices are available from 2.0 points minimum spread. Regulation by an official authority is very important foronline trading.A license gives the broker a trustworthy relationship with the customer. To obtain such a license, LexaTrade must comply with certain rules and requirements. Violating these requirements would mean an immediate loss of the license. Miroslav Georgiev is Senior Risk Executive with 20+ years of professional wide-ranging experience in multinational forex companies.