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The account will be ready for trading once documentation has been verified, which usually takes a couple of hours. Prospective traders will have to click on the “Sign Up” button at the top of the page, where they will be directed to register an account with an email address and a password. Easy Markets Pty Ltd is regulated by the FSA Seychelles, license number SD056. FxScouts follows a strict editorial standard in our review process. We may receive compensation when you click on links to products we review. If you are looking for alternatives to Easy Markets we have compiled a list of the top 5 brokers that are similar to Easy Markets below. This list of brokers like Easy Markets is in order of similarity and only includes companies that accept traders from your location.
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LexaTrade is one of the few major brokers who offer fixed spreads to traders. This is great if you want to get a picture of exactly how much your trades will cost. The fixed spread on a standard account starts from 1 pip, or form 0.9 pips if you are trading on an MT4 account. Again with this type of account, the minimum deposit remains at a very competitive $25 only, so it is very easy to get started.
A relatively standard tool now, this was the first of its kind when it launched in 2009. Traders must have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services.
Finally, although LexaTrade is a global broker, there are still a number of countries and regions to where they do not supply their services. This is most likely due to local laws and regulations but LexaTrade could always apply for a new licence in one of these regions. It’s always great when a broker provides additional educational resources to their traders. Indeed, we all know about the analogy lexatrade reviews of “teaching people how to fish”. Do note though that if you are funding in a credit card and you have then made a profit and would like to withdraw, your profit will be paid via another means such as wire or eWallet. Although mobile trading can be convenient, it is hard to replicate the same conditions as a PC. Charting is harder, connections are slower and order management is more cumbersome.
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The Seychelles Financial Services Authority（FSA） is an autonomous regulatory body responsible for the non-bank financial services in Seychelles. The regulated activities include fiduciary services, capital market & collective investment schemes, insurance, gambling. FSA is also responsible for the registration of international business companies, foundations, limited partnership and international trust in Seychelles. This broker offers a vast selection of charge-free deposit and withdrawal methods.
The financial calendar shows potential market moving events with a red indicator under volatility; the data can be filtered for relevancy for each trader. Freeze Rate allows traders to freeze the displayed price for a few seconds and provides evidence of a simulated trading environment within the LexaTrade webtrader platform. Simplified trading lets novice traders to trade without any distractions or even extra functions. Seasoned traders profit from the power to put in a trade immediately when marketplaces go and utilize easyTrade within a successful hedging tool. It also simplifies trading just 3 steps – choose the highest possible risk, the whole period of one’s trade and decide if the speed goes down and up. The Discover Series video archive goes into more depth on the different instruments available to trade on easyMarket’s platform and the history and concepts behind them. The Getting Started section is an archive of videos on the fundamentals of trading as well as an introduction to easyMarket’s features and tools.
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Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD’s, Forex and Commodities. CFDs are leveraged products and can result in the loss of your capital. You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 3 minutes or so to complete the account opening process.
- LexaTrade.com offers over 60 forex currency pairs, cfds, commodities, shares, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
- While comparing LexaTrade reviews from several trading-related websites, we found that people generally regard their LexaTrade experience as positive.
- New traders may obtain a good introduction to Forex trading, but more in-depth material to serve advanced traders is unavailable.
- Spreads are fixed at 1.0 pips (EUR/USD) on LexaTrade’ proprietary platform and 0.9 pips (EUR/USD) on MT4, which is, at best, around the industry average, but no commissions are charged.
- Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
- Finally, a trading glossary and FAQ sections are also available to support learning.
LexaTrade is one of the online CFD brokers that accept payment via online banking. They accept payment from online banking platforms like Sofort, Giropay, Local Bank Transfer, Webmoney, and Bpay.
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The actual time that it takes to reach your account will depend on what method you chose and processing delays on your side. For those who trade on the MT4 platform, as mentioned it is available on both iOS and Android.
My trading style is swing trading on the daily chart, which is definitely doable with these spreads – but then you run into their swap rates. Even pairs where taking a long would result in you being paid quite decently on the swap by another broker, you are almost always stock market paying LexaTrade. It is therefore difficult to recommend them on the basis of their trading environment, unless minimizing uncertainty and having a safety net are your main priorities. Trading on the financial markets with LexaTrade is not a get rich scheme.
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However, if you are going to be away from your desk it is a handy tool to monitor your levels. If you turn dealCancellation on, you have a certain period of time in order to cancel the trade should it go against you. This is usually an hour after the initial trade has been executed. EAs are Expert Advisors which are basically just trading bots that are developed for MT4s. They are coded in MQL which is the proprietary language on the MetaTrader platform. You can basically set these up on a VPS server and have them running 24 hours a day. Something else that you will really benefit from while using the MT4 platform is the ability to code EAs.
You will also be pleased to know that there are no deposit or withdrawal fees on the platform. This is irrespective of the type of method that you decide to use. BinaryOptionsTrading-Review.com has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. The risks involved in trading binary options are high and may not be suitable for all traders.
LexaTrade Platforms & Tools
Sure enough, I became a trading manager in 2015 with FXVC Online Trading, but a little while later I started working on my biggest project so far – BinaryOptionsTrading-Review.com. There is a rule for the affiliates to get paid for the CPA sales, for instant the referred client should deposit minimum of $100 and trade 2.50 lots which one of my FTD client did. Traders at LexaTrade have an extensive array of deposit options to choose from that are all free of charge.
For withdrawals to bank accounts, there is a required minimum amount of $50. Customer support is offered via several options including email, in-person, live chat, Viber and Facebook Messenger. Member support is offered in Polish, French, Hebrew, Spanish, Russian, Greek, German, Arabic, English and Chinese 24 hours a day all five days of the week.
We always strive to ensure that we provide our traders with the best possible trading conditions. This is why we proudly offer fixed spreads and no slippage on our web platform which means you are always aware of your costs before trading. Unlike variable spreads, fixed spreads never change in response to market volatility and you always know the spread you are paying before opening a deal. I believe they are attractive for the beginner who wants to feel safe and trade in a simple environment that minimizes uncertainty.
While transparency is adequate, LexaTrade does charge traders for the usage of its proprietary trading platform through higher spreads than those available in the broker’s MT4 platform. The MT4 platform is given as a basic version only; instead of providing traders with required third-part plugins to unlock the platform’s full potential, this broker created a lower quality webtrader. It is jammed with somewhat useless features and suggests limited to no authentic trading activity in its webtrader. The MT4 trading platform is offered to traders, but LexaTrade fails to provide any of the required and critical third-party plugins which are necessary to unlock full functionality.
The market news section is a financial news feed, which can be found inside the MT4 trading platform. Trading charts offers very little of substance, and live currency rates can be obtained from the trading platform. A financial calendar lexatrade reviews is available which can be filtered to provide relevant upcoming financial data; potentially market moving events are shown in red under the volatility column. The blog is the sole section where LexaTrade provides in-house content.