Lexington Plus Review – An Overview of their Offerings
Lexington Plus Review
Technology has significantly advanced over the decades and this has led to progress in numerous industries. If it wasn’t for technology, the concept of online trading wouldn’t have come to be and wouldn’t have opened up the financial markets for anyone who wants to try their luck.
Previously, people had to encounter numerous barriers to entry if they wanted to dip their toes into the rich waters of the financial market. Today, you have to have a minimal amount and an online broker by your side to access the markets from the comfort of your home or anywhere else. This Lexington Plus review aims to help you with the second part of your requirement i.e. working with a broker.
Just like the financial markets have shifted online, so have these brokers and you will easily find hundreds of companies that are offering their services. This should technically make it simple for you to find a company you like and start trading, but the plethora of options actually make it a bigger challenge.
Why? This is because you have to sort through these options to find one that suits you best and this is easier said than done. Having to go through the choices can be time consuming and at some point, all of them start blurring together. Many people decide to skip this step altogether and select a broker at random, but you have to bear in mind that these companies play a key role in your trading journey and the final outcome.
Your profits depend on the assets they provide to you, the trading conditions they offer and the kind of safety they offer. With a random broker, you will not have any idea of what to expect, which means you will be left vulnerable. Is that what you want? No, it is a big risk and one you shouldn’t take when you are putting in time, effort and money.
Instead of doing so, it is a good idea to do your homework, which involves checking an overview of a broker’s offerings before you decide to use their services for your trading needs. Doing so individually for every broker is not a feasible option and this is where reviews are helpful.
You can check out the following review of Lexington Plus to know what this broker is capable of providing to you. It is a comparatively new addition to the market, but it is being regarded as a comprehensive option for many. Is it really? Let’s 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|
Lexington Plus’ Trading Assets
Your overview of a broker’s offerings should begin with the trading assets they offer because it is through these that you will make your profits. If the assets are not profitable enough, or are not in accordance with your risk appetite, you need to look for a different platform.
There are hundreds of thousands of assets that can be found in the financial markets and every company is free to offer as little, or as many as they want. Some focus on just one market, while others may offer you access to several. You will find that Lexington Plus falls in the second category, since they offer their clients access to some of the top financial markets.
There are more than 150 trading assets that Lexington Plus is offering to its clients and they are some of the most profitable and popular ones in every market. The most impressive offering of the broker is that of cryptocurrencies, as they have added some of the top names like Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Ripple in the form of CDCs.
Along with this option, they also give you the freedom to trade forex currency pairs, including major and minor ones. You can choose from those like EUR/USD, GBP/USD, USD/JPY, EUR/CHF, AUD/NZD and USD/CAD. The stock market is another space that traders can explore at Lexington Plus and they have added some of the world’s prominent companies to their offerings, including Apple, Alibaba, Amazon, Coca Cola, eBay, Fiat, PayPal, Netflix and Tesla.
The indices market is quite lucrative and another avenue that traders will have at their disposal, with major indices like S&P 500, NASDAQ 100, FTSE 100 and DAX 30 to check out. Traders wanting to balance their portfolio can go with commodities, as a horde of them have also been added.
Energy commodities like crude oil and natural gas, hard commodities including precious metals like gold, silver and platinum and soft ones like wheat, sugar and rice can be found. Thanks to these offerings, every trader using Lexington Plus can diversify their portfolio, which helps in minimizing trading risks and increasing returns.
Lexington Plus’ Trading Platforms
The next aspect of a broker that needs to be checked out is their trading platform, since this software is what your trading depends on. Different types of platforms exist in the market and it is at the discretion of the broker to offer whatever platform they deem fit.
They can develop their own, or offer one of the existing ones in the market. A look at Lexington Plus shows that they fall into the former category, as they have developed their own trading platform for their clients. The best part is that rather than giving just one choice, they offer three. That’s right; there are three different types of platforms that Lexington Plus has developed for its clientele, which makes it highly versatile.
They have used advanced and powerful technology for every single one of them to deliver state-of-the-art execution and impressive speed. Traders can go with the traditional desktop trading platform that can be downloaded on their PCs, or they can try out the WebTrader that can be accessed via the browser and needs to download or installation.
There are mobile trading apps that Lexington Plus has added for allowing its clients flexibility and you can find them for both Android and iOS devices. The user-friendly features of each of these platforms ensure that every trader, whether an amateur or an expert, can navigate the platform quickly and enjoy their trading journey. They have also ensured that their platforms are not lacking in terms of features and trading tools and they don’t settle for anything less than the best.
You will come across real-time charts and statistics on the Lexington Plus platforms and they have added some of the most advanced analysis tools, including algorithms and automated systems, which give excellent results.
Trading signals are also provided frequently and a personal manager is also available for the guidance of the traders. Price alerts are also issued and risk management tools like various order types can be found on their platform, allowing every trader to make good decisions regarding their trades.
Lexington Plus’ Account Registration and Opening
Registering with a broker is required when you wish to use their services, so checking what steps have to be taken is a must. The procedure is very simple at Lexington Plus because they only have one form on their website that you have to complete and it only takes a few minutes.
You need to enter your full name, date of birth, address, phone number, country and email address and password. One final step is to confirm your age and agree to the Terms and Conditions and you will be done with registration. Once you have done so, you need to look at the account types that are available.
Every brokerage offers different account options to cater to their audience, as all traders have different needs and trading styles. These options help them in accommodating clients from all walks of life. Five choices have been added by Lexington Plus as well and you can choose from these options.
The Micro account comes first, needing a minimum deposit of $5,000 and offering basic features and services. The assets are limited, leverage goes as high as 1:20, basic education and general customer support, along with monthly trade signals are provided. Swaps stay at 0.7, commission is between 1% and 3%, while fees are between 1% and 6%.
The Bronze account is next and minimum deposit is now at $10,000. Maximum leverage increases to 1:50, standard assets are available, swaps reduce to 0.5, webinars and e-books are added and weekly trading signals are given. A quarterly analyst report is also provided with commission now adjusted to 1%-2% and fees to 1%-4%.
Premium is Lexington Plus’ third offering and $50,000 have to be deposited for it. Advanced range of assets, swap at 0.3, analyst session, daily trading signals and monthly analyst reports are available. Commission and fees are between the range of 0.5% and 2%.
The Gold account requires a minimum deposit of $100,000 and offers full range of trading assets that Lexington Plus has to offer. Maximum leverage is 1:100, swaps are down to 0.15, signals are available multiple times a day and a trading analysis program is also offered. A senior support team member is included, along with weekly analyst report.
As for fees and commission, they are now between 0.25% and 1.5%. The final option is called Plus Member and minimum deposit is $250,000. Access to all educational resources and custom training is given. Fees is between 0.25% and 1%, along with a dedicated support team.
Lexington Plus’ Funding Methods
After going through the account options and finding something suitable, you need to look into the funding methods that Lexington Plus has to offer because you want to be able to make your deposits and withdrawals easily. No one wants to have to jump through hoops to make their payments, whether it is adding funds or withdrawing them.
But, this depends on what methods the broker offers to you and the choices available here are certainly not disappointing. You get to choose from traditional and modern funding methods, which makes it highly convenient. Traders can use bank wire transfers for their payments, or they can go with debit and credit cards, including VISA and MasterCard.
They can also use online payment options, which include Neteller, Skrill and more. These choices are offered for both deposits and withdrawals and processing times and fees vary, so you can choose one that seems most comfortable to you.
Lexington Plus’ Customer Care
Knowing what kind of customer care will be given to you when you opt for a broker can make a big difference in your decision. No one likes being told to wait, particularly when they want to make trades quickly and Lexington Plus ensures that its clients don’t have to go through it. They have added a number of channels on their website, which traders can use for reaching out to their team. You just need to go to the Contact Us page and the options will be listed there.
There is an email address available, or you can also give a call on the phone number provided on the Lexington Plus website. They also give you the option of scheduling a callback by filling in the online contact form given. The representatives are available round the clock and are committed to helping traders in finding the solutions they need for their problems.
Add in a safe and secure trading infrastructure, competitive fees and commission and plenty of educational resources that can be helpful and you have a comprehensive trading solution for everyone in the form of Lexington Plus.