Lexington Plus Review
When you have decided to make your foray into the world of online trading, there are a couple of challenges waiting for you.
The most prominent of them all is finding a broker that can fulfill your trading needs in the best possible way. This is easier said than done, even though there are hundreds of them offering their services nowadays.
When you consider the sheer number of choices at your disposal, it doesn’t seem plausible that you would find it so difficult to find one that provides you everything you are after. This is where the challenge is because you have to navigate through all the options, which is time consuming and complex. The following Lexington Plus review may help in this situation.
You obviously don’t have the time to sift through the offerings of each individual broker to know what they claim to be offering. This would take a long time, not to mention that you will never be fully done because new companies are founded regularly.
Of course, if you were to accept a broker’s claims about their services, you would have to open an account with every single one of them. It is natural for a company to make promises, but your goal is to find one that actually fulfills them.
This means you have to do some due diligence and not just take the broker’s word for whatever they are offering. You need to evaluate their offerings carefully and determine if they are what good enough to suit you.
Bear in mind that just because a company is a good one doesn’t mean that you will have a good experience with them. It depends on your priorities as well as their target market. The best way to avoid disappointment and make the right choice in the first go is through proper diligence.
You do not want to sign up with a broker, only to find that they are not what you were looking for. You have to start the process from scratch in this situation, which can be incredibly frustrating. As stated earlier, evaluating the offerings of a company can come in handy and this applies to Lexington Plus as well.
This is one of the brokers you will find when you begin looking and even though it is a relatively new option, they seem to be doing quite well. This is because they were launched by an experienced and professional team to cater to global traders.
Nonetheless, evaluating their offerings can go a long way in helping you make a good decision. How do you do that? This review can be useful here:
|Five Account Types; Micro, Bronze, Premium, Gold and Plus Member
|Forex currency pairs, Stocks, Cryptocurrencies, Indices and Commodities
|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.
|24/7 support via email address, phone number and online contact form.
|KYC (Know Your Customer) and AML (Anti-Money Laundering)
The Trading Products
Checking what trading products a broker offers should be the first step of the evaluation process. Why? This is because if the company doesn’t offer the instruments you want to trade, why would you bother looking at anything else? You can simply move onto the next option because you don’t want to make compromises in terms of trading products.
Some people decide to begin their online trading journey because they want to trade specific instruments, while others may be looking for options that are in accordance with their risk tolerance. You have to check the trading products a broker offers before deciding whether to continue with them or not.
Some companies promise you a great deal of options, but their actual list of instruments may not be what they have promised. Therefore, due diligence can prove to be quite helpful in this regard and you can do the same when you are considering Lexington Plus as your broker. A check of their trading products reveals that the platform is offering exactly what it promises and doesn’t try to lure you in with false promises.
They have more than 150 trading instruments available, which belong to different financial markets, meaning their profitability and volatility varies. Not only does it give traders plenty of options to choose from, they are also able to take advantage of the strategy of diversification.
This means your investment can be spread across various financial markets, which can minimize the risks associated with trading and help you make maximum returns. Some of the trading products that Lexington Plus has added are:
Forex: Everyone has heard of the forex currency market, even if they have never traded before. It has the highest trading volume and offers major and minor currency pairs that people can trade for high profits. Some of the currency pairs you will find are EUR/USD, GBP/USD, USD/CHF, AUD/NZD, USD/CAD, USD/JPY and EUR/GBP.
Cryptocurrency: One of the most popular financial markets these days is cryptocurrency, which has gained attention due to its volatility. You will find that Lexington Plus gives you the chance to trade crypto CFDs on their platform, with some notable options like Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Ripple.
Stock: The stock market has been considered synonymous with financial trading and has the potential of offering solid returns to traders. It allows you to buy and sell shares of some of the world’s biggest firms and these include Amazon, Apple, Google, Microsoft, Alibaba, AT&T, JPMorgan, Tesla, eBay and more.
Indices: Another lucrative market that is known for generating good returns for people is none other than the indices market and Lexington Plus offers its clients some of the prominent ones like S&P 500, FTSE 100, DAX 30 and NASDAQ 100.
Commodities: One of the oldest financial markets is that of commodities, which can give stable returns to traders. You can find an array of commodities available at Lexington Plus and these belong to different categories, such as soft and hard.
Soft commodities are agricultural items like sugar, coffee, wheat and rice, whereas hard ones refer to precious metals like gold, silver, platinum and copper. You can also find energy commodities, such as crude oil, at your disposal.
The Trading Software
If you find that the broker you are considering does offer the trading products you need, you should then evaluate their trading software. Yes, it is very tempting to just sign up right away, but you shouldn’t be in such a hurry because your experience and your profits also depend on some other services of the broker.
One of the primary ones is the trading software they provide to you, more commonly referred to as the trading platform, which you have to use for trade execution. If this platform is lacking, or is too outdated or complex, you will not be able to trade easily and this affects your bottom line.
When you look for Lexington Plus’ trading software, you will come to know that they offer several options to their clients. Rather than offering a single platform for you to use, they have given a couple of choices to help traders in selecting one they are comfortable with. The first one is obviously a desktop-based trading solution that you have to download and install on your desktop PC for the full trading experience.
But, not every trader wants to be tied down to their PC and prefer to have some flexibility. This is where you can use the WebTrader that has been developed, which requires no downloading or maintenance on your part.
This platform can be accessed directly from the Lexington Plus website, which makes it simple to use. To add more flexibility, you will find that mobile trading apps have also been provided. These enable traders to trade on the go, using their smartphones or other mobile devices, and always stay connected to their trading account.
You can choose from these three options and regardless of which one you go with, you will find that they use powerful trading technology for delivering a smooth trading experience. Trade execution is reliable and supremely fast and you don’t have to worry about the platform breaking down.
As far as the learning curve is concerned, the trading platforms at Lexington Plus have been designed for traders of every category i.e. newcomers and professionals alike. Therefore, they boast an intuitive user-interface that allows everyone to get acquainted with the platform quickly.
You can manage your trades from a single dashboard and make use of the numerous trading tools that have been added to the platform. Live price data is provided to help traders in keeping up with market movements at all times. Real-time charts, graphs and statistics are also available for decision-making.
Most notably, the analysis tools that Lexington Plus has added are second to none and include algorithms and automated trading systems that can make a big difference in your trading performance. You can also get trading signals on all tradeable assets that the broker offers and real-time alerts are also provided.
There is a professional and experienced account manager available for guidance and customizable order types can also be found, such as take profit and stop loss. These are considered helpful in minimizing your risks in the trading process.
The Trading Accounts
When you want to use a broker’s services, you will be asked to register on their platform and open a trading account. If you have checked out a couple of them, then you have probably discovered that most offer a number of trading accounts to their clients.
Every trader has a different trading style, risk appetite and budget and a one-size-fits-all approach is not very effective in this regard. Offering several account options can help companies in facilitating potential clients in a much better way.
But, this doesn’t mean that all platforms offer you good and flexible trading accounts to choose from. Some can be very limited and this can be quite annoying, but Lexington Plus offers five trading accounts that are quite flexible and accommodating. You can check the options below:
Account 1: The first account option that Lexington Plus has added is called Micro and since it is the smallest one, it asks for a minimum deposit of $5,000. It comes with basic education, general customer support and monthly trading signals.
The swaps are 0.7 in this account and a commission of 1% to 3% is applicable. Traders are charged a fee between 1% and 6% and the leverage is between 1:2 and 1:20. A limited range of trading instruments is available in this account.
Account 2: The second account option is called Bronze and the minimum deposit is $10,000. A standard range of asset is now provided, leverage is increased to 1:50 and fees reduced to 4%. Swaps are 0.5, while e-books and webinars are also added. Trading signals are weekly with quarterly analyst reports and commissions are limited to 2%.
Account 3: The Premium account comes next at Lexington Plus with a deposit of $50,000. Advanced range of instruments, leverage of 1:100, 0.3 swaps, 0.5% to 2% commission and fees, daily trading signals and monthly analyst reports are now available.
Account 4: The next offering is called the Gold account, needing a deposit of $100,000. It offers the full range of trading instruments, swaps of 0.15, fees and commissions from 0.25 to 1.5%, daily trading signals, senior support and weekly analyst report.
Account 5: The final account at Lexington Plus needs a deposit of $250,000 and comes with custom swaps, fees, signals and analyst reports. Access to complete educational resources is available and commission is as low as 1%. A dedicated support team is also available.
After you have evaluated the primary services, it is apparent that Lexington Plus is a truly professional platform for your trading needs.