Broker Review

Lexori Review

About the company

Lexori is an online brokerage complying with some of the latest regulatory standards, offering access to a broad range of tradable instruments, including crypto among other popular asset classes. When trading with this brand, customers will be using CFDs and thus, able to profit from both rising and falling markets.

According to information available by the company, it uses level 1 encryption for all transactions, separate firewall protection, and SSL transmission, all to ensure a high level of protection for people that put their trust with personal money at stake. 

online trading with Lexori

Trading platform

When trading with Lexori, traders will get broad flexibility, because the software currently provided can be used on any type of device, be it desktop, laptop, smartphone, or tablet. Customers benefit from advanced charting and the ability to apply any technical analysis strategy, mainly because the broker has already incorporated drawing tools, price indicators, or other tools that can be used on all assets covered. 

At first glance, the platform looks and feels user-friendly. Beginners will be pleased to see there is no advanced interface. On the contrary, everything is set up intuitively so finding the right tools with be convenient even for those that are just getting started. Lexori turns out to be a brand that puts a lot of effort into optimizing the trading software.

Cryptocurrency trading

Although Lexori covers over 500 trading instruments at the time of writing, including FX, indices, stocks, and commodities, the brand has also made sure to provide a generous list of cryptocurrencies. As a result, customers signing up for an account will have access to CFDs based on Bitcoin, Ethereum, and other altcoins that currently grow in markets capitalization.

The maximum leverage for cryptocurrency instruments is capped at 1:5 due to the increased volatility in the industry. Lexori offers competitive trading costs and multiple execution modes, as can be seen when using the platform. 

Account opening

Simplifying the account opening process has been one of the best ways to make sure anyone can get started with Lexori easily. After entering all the personal details, choosing the account type and base currency, specify trading encounters and expectations, uploading ID, and once the account is authorized, the funding process, people can start trading at their will. 

Lexori allows for both live and demo accounts, as well as the Islamic account option for those who would like it. Spreads and overnight swaps are the main trading costs that should be noted. Deposits and withdrawals can be done via a variety of payment methods. 

The bottom line

Cryptocurrencies are starting to show signs of recovery and that means an increasing number of market participants are buying, following a months-long bear market. Trading with Lexori mean customers will be able to buy CFDs on crypto and could take advantage of these price movements, without ownership over tokens and without a crypto wallet. The company has a diverse trading infrastructure, so any type of trader can fit in. 

 

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