But, as positions on ether CFDs can be opened with a margin deposit of 50%, you’ll only need to deposit $15,020. At this point it’s important to note that because your exposure is larger than your required margin, you stand to lose more than the deposit if the market moves against you. So, to manage your risk, you can set a stop-loss to close your trade automatically.2 In this case, suppose you add a guaranteed stop loss at 3000. I joined an online trading platform called Lexatrade on February 17, 2023. However, for the past two months, I have been attempting to withdraw $500 without success.

Timeframe

1. You should always ask yourself whether you can afford the risk of monetary loss, and if so, how much?
2. LexaTrade can make a CFD transaction electronically and without a prescription.
3. At our webinars, you get information directly from market professionals.
4. The CFD you use specifies an amount of $1 per point of market movement, and you opt to trade 10 contracts.

We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake. 72% of retail client accounts lose money when trading CFDs, with this investment provider. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Integration of news is a great thing and for people that trade during news events, this is going to be a huge deal. Trading costs vary a lot and it depends upon the account type as well. There are 5 account types and the capital amount required to get started with them ranges from $250 on the lower end to $100,000 on the upper side.

Use all the capabilities of the terminal and make profit with minimal risks. LexaTrade is ambiguous about how deposits and withdrawals work, and we can only get come basic information in the refund policy page. The minimum withdrawal amount is 50 USD, and if a client withdraws the money without realizing 5 independent transactions, LexaTrade will charge a 5% fee.

Lexatrade has developed an online training program for traders that takes students from their first deal to consistent results in the market. Webinars with experts, video lessons, and training materials have been selected and grouped according to the student’s level of competence. Every single one of our instructors has gone from a beginner to a practicing trader.

VT Markets

Amassing more clients in the following years, LexaTrade extended its services to different jurisdictions across continents. In 2019, LexaTrade reached more than 2 million merchants worldwide. 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. I have been trading on the market for 5 years, of which almost 2 years on LexaTrade.

LexaTrade Review: Regulation

1. We have created and implemented an online platform for easy and efficient trading.
2. Select ‘Close position’ and set the number of contracts you’d like to close.
3. Hence, it is of primary importance for a forex broker to assert its legitimacy through its regulatory certifications.
4. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate.
5. LexaTrade is a Forex and CFD broker that offers to trade in currencies, indices, and commodities.
6. Several red flags have emerged from user experiences that cast doubt on LexaTrade’s legitimacy, making it essential to understand these warning signs before investing any money.

This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. lexatrade On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice.

Forex Trading Platform

When cryptocurrencies are bought and sold, the transactions are added to the blockchain – a shared digital ledger that records data – through a process called ‘mining’. Autochartist signals are available at the bottom of the trading platform and while this is not a game changer, it’s still something worth mentioning, especially because some brokers charge you for Autochartist. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. Unfortunately LexaTrade doesn’t offer a lot of information about withdrawals but according to the website, a representative will contact you to complete the processing, which takes up to 24 working hours. The methods for deposit are Visa, CryptoWallet and e-Payouts and we assume the same methods will be used for withdrawals, although LexaTrade doesn’t mention this specifically.

In the case of CFDs, your losses could exceed your initial deposit. When trading, it’s important to always take steps to manage your risk. After completing a thorough analysis on ether price movements, you believe the market will trend upwards from its current level of 3200. Because you’re going long, you open your position by electing to ‘buy’. When you decide to close a position, click on the ‘Positions’ tab on the left menu. Select ‘Close position’ and set the number of contracts you’d like to close.

There is a slight glide, but I didn’t notice a serious one, on EUR / USD there can be a glide of a maximum of 1-2 pips and then on serious news. BigQuery is a serverless and cost-effective enterprise data warehouse that works across clouds and scales with your data. Claim your listing for free to respond to reviews, update your profile and manage your listing. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.