Lexington Plus Review
We are living in a digital world, with a number of activities now taking place online. The same is applicable to trading in the financial markets, as a large number of people entering this space are now doing so over the internet. After all, it doesn’t make sense to go down the traditional route when you have a better and convenient option.
But, how do you trade online? This is where brokerages play a vital role, as they give access to the markets and provide the other ingredients that are part of the recipe. It is during your hunt for a good broker that you will come across this Lexington Plus review.
As they are your starting point, finding an online broker you can trust and is capable of providing you the right services is a must. It is understood that every company will promise to be good at what they do, but you cannot take their word for it because no one will tell you where they lack, of if they have any flaws.
Why learn them the hard way when you can put in a little effort and find out before you have to risk your money? The wrong broker can actually be a recipe for disaster, costing you opportunities and even leading to financial losses.
The dilemma for most people is having to sort through the hundreds of brokerages that currently operate in the market and the more that are added every day. You cannot possibly hope to check and follow through on every single one of them because you will never be done.
But, what you can do is ask some important questions about a broker before signing up with them. This ensures that the company you are choosing knows what it is doing and can offer you all the essential ingredients that are necessary.
This will help you in making a decision in your favor and you have to do the same in the case of Lexington Plus. Even though this broker is a new addition in the financial markets, its popularity appears to be surpassing that of its older peers. This is undoubtedly intriguing and draws people in because they want to know what it has to offer. The ideal way to find out is by asking the right questions. What are they? You can read the following review to find out:
|Trading Accounts||Five Account Types; Micro, Bronze, Premium, Gold and Plus Member|
|Assets Coverage||Forex currency pairs, Stocks, Cryptocurrencies, Indices and Commodities|
|Trading Tools||Trading Indicators, Trading Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research, Economic Calendar, Financial News, Live Market Summary, Daily Chart Analysis and Risk Management Tools|
|Education and Training||Yes; e-books, online interactive courses, webinars, seminars, tutorials, in-depth research and glossary.|
|Customer Support||24/7 support via email address, phone number and online contact form.|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||Lexington Plus|
What instruments does Lexington Plus offer?
The first and most important question to ask about a potential broker is regarding their instruments. Are you interested in trading in a particular market? Do you want to diversify your portfolio? Is making maximum profits your goal?
The answer to all these questions can also help you in selecting a broker because it is relevant to the assets available. You have to ensure that the broker gives you access to the market you want, or has enough variety to help you diversify and the instruments are popular and profitable enough.
Asking about the assets Lexington Plus offers is necessary due to these reasons and the answer will certainly please you. This is due to the fact that they provide their clients with access to multiple markets on a single platform and they have added some of the most volatile and profitable instruments from each space.
Most importantly, there are more than 150 instruments available from various markets and this makes diversification easy as well. Hence, traders with different expectations will be able to achieve their goals on this platform. You can choose to trade in the world’s biggest market i.e. forex and find a number of major and minor currency pairs at your disposal. EUR/USD, GBP/USD, USD/CHF, USD/CAD, AUD/NZD and EUR/GBP are just a few options.
In case you are drawn to digital currencies, you will find that Lexington Plus allows you to dip your toes here as well. Prominent names include Bitcoin, Litecoin, Bitcoin Cash, Ripple and Ethereum. Another addition is the stock market and companies like Amazon, Apple, Microsoft, Alphabet, Aurora, Netflix and Tesla are accessible.
Long-term investment opportunities can also be found in the indices market on Lexington Plus that allow you to trade baskets of stocks, rather than single ones. NASDAQ 100, FTSE 100, S&P 500 and CAC 40 are some good ones available.
There are commodities that can also be found, both hard and soft and even energy commodities. The former comprises of precious metals like gold and silver, while the latter deals with agricultural products like wheat, coffee, sugar and rice. Energy commodities refer to crude oil and natural gas.
Is Lexington Plus secure?
No matter how tempted you might be because of the impressive instruments that are available, it doesn’t mean that you ignore the security aspect of the broker in question. Even a slight lax in this regard can cost you extensively, not just in terms of money, but also in terms of data.
Cybercriminals are very active and are looking for any opportunity to steal whatever they can get their hands on. Trading online means that you have to deposit your funds with a company and also share a great deal of personal information. This leaves you exposed and you want to minimize this exposure as much as possible.
That can only happen when the broker takes the appropriate measures and Lexington Plus has not left any stone unturned in this regard. They are fully aware of the security risks traders have to deal with and have mitigated them as much as possible.
It simply means that company and client accounts are kept separate and the funds in the latter are only used for trading and not for the company’s own obligations. Moreover, they are also compliant with the Know-Your-Customer (KYC) and Anti-Money Laundering (AML) policies that are used internationally for security purposes.
These policies require traders to verify their trading accounts on Lexington Plus by providing proof of identity and proof of address. The former needs a valid international passport, government-issued ID card, or a driver’s license. The latter needs a utility bill, tax bill, and credit card bill or bank statement. No fake accounts can be made on the platform and it can reduce the risk of money laundering, financial fraud and identity theft.
What trading platform does Lexington Plus have?
The trading platform that a broker offers to its clients shapes their experience and affects their performance as well, which makes it a very crucial aspect to be considered. You have to know what kind of platform is available because you don’t want to be stuck with one that’s too slow, causing you to miss opportunities, or outdated, or is just too complex.
These are common complaints that traders often have with platforms and you want to avoid the same. The good thing about Lexington Plus is that they have developed the trading platforms they offer. This means that they have not chosen a one-size-fits-all approach and it becomes apparent when you discover that Lexington Plus actually offers three platforms, rather than one.
All three are different in the way they are used, which allows them to accommodate different types of traders. Traditional traders prefer to use the desktop trading platform that has to be downloaded on your PC and offers the full experience. Modern traders enjoy the ease of the WebTrader that you can access via the browser, thereby eliminating the need for downloading.
More modern traders enjoy the flexibility and ease that mobile trading apps provide, as Lexington Plus is offering them for both iOS and Android ecosystems. You can trade round the clock and stay updated at all times. As for the user-interface, it is highly intuitive and this means you don’t have to worry about complexity at all.
The platform offers an optimal trading experience due to its easy navigation. They have also used innovative and award-winning technology to deliver reliable and quick trade execution, ensuring that their clients don’t miss any opportunities.
You will also learn that Lexington Plus has added a full range of trading tools to every single platform, allowing their clients to make well-informed and timely decisions. You can use charting tools and analysis tools that include automated trading systems. Live price data is delivered from exchanges to keep you updated about market movements.
Trading signals are also issued regularly to give you alerts about market conditions. Different order types like pending orders, take profit and stop loss are available and traders can also get statistics that help them keep up. Personal guidance by a manager is also available.
Does Lexington Plus provide suitable account options?
Since you will be asked to open an account with a broker when you decide to use their services, it is better to know beforehand if the account options they offer are reasonable enough. Some platforms do offer several choices, but they are very limited in terms of features and this can make trading difficult. Not every trader has the same capital, risk tolerance or trading style, which means their account preferences will vary. You obviously want one you are comfortable with.
There are five choices at your disposal at Lexington Plus and each is meant for a different type of trader. The options start with the Micro account that’s meant for newbies, so it asks for a minimum deposit of $5,000. Limited instruments are given, along with general support, basic education, monthly trading signals and leverage between x2 and x20.
Swaps are 0.7 and fees and commission are between 1 and 6% and 1 and 3%, respectively. Beginner traders with some experience can choose the Bronze account that needs a deposit of $10,000. The instruments increase, swaps fall to 0.5, leverage increases to x50 and webinars and e-books are given. Weekly trading signals are issued, along with quarterly analyst report. Fees and commission are between 1 and 4% and 1 and 2%, respectively.
Intermediate traders can choose Lexington Plus’ Premium account, which needs a deposit of $50,000 and offers leverage of x100. Additional instruments are added, daily trading signals are issued, along with monthly analyst reports and an analyst sessions. Fees and commission are now between 0.5 and 2%.
Skilled traders will find the Gold account at Lexington Plus a good option, as it has a minimum deposit of $100,000, swaps at 0.15 and fees and commissions between 0.25 and 1.5%. Full range of instruments, trading signals multiple times a day and weekly analyst report is given, along with trading analysis program.
The final option is for professional traders called Plus Member and a minimum deposit of $250,000 needed. Commissions are between 0.25 and 1, custom training and access to all educational resources, along with a dedicated support team is available here. All other aspects are now personalized for traders.
What is the Verdict?
With the answers to these questions, you can easily determine that Lexington Plus is more than capable of fulfilling your trading needs via a single platform, regardless of your background.