Lexington Plus Review
The global coronavirus pandemic has had lasting consequences on the economy and lots of people have had to deal with financial problems as a result. Traditional investment options are no longer generating good returns and existing income has also proven to be insufficient.
This has pushed people towards the financial markets, where they can get the opportunity to supplement their existing income and also generate high returns on their investment. There is no shortage of opportunities in these markets, but you have to have a broker that lets you tap into them and this brings us to the following Lexington Plus review.
Why? This is because the broker is not just a hurdle you have to overcome; they are the bridge that connect you to the market and stay with you every step of the way. Hence, their role is of the utmost importance and has lasting consequences on your bottom line.
The profits you make at the end of the day will depend on the platform you are using and a broker is responsible for it. Those who don’t make this decision carefully end up paying a hefty price for it in terms of losses and missed opportunities.
Rather than making your decision in a hurry, it is advised that you go through a broker’s services and features and then choose one. You will be better prepared to trade this way because you will know exactly what you can expect from the company you sign up with.
Picking one randomly means you run the risk of signing up with an unprofessional broker that may not cater to you at all. Indeed, some companies target newbie traders, while others may offer services that focus on professionals only. Checking out their features can ensure that you are opting for one that can accommodate you.
The problem is that there are hundreds of companies in the market and more are being added every day, which makes this decision a tad more complicated than you want. Fortunately, you don’t have to check every platform individual and can simply find reviews to make your decision.
Lexington Plus will pop up on your list of companies offering their trading services as it is a relatively new addition, but has become quite popular in the markets quickly. This is because they have an experienced and professional team and are offering global services to traders from every category.
You can check out the prominent features of Lexington Plus in this review for making a decision:
|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|
Feature 1: The Security Policies
You have to consider a number of features of a broker for determining their suitability, but none matter as much as the security policies they use. Cybercrimes have increased in the last couple of decades and lots of people have had their money and their personal data stolen. How is this relevant to a broker?
When you sign up with one, you entrust them with your money and sensitive information and this means they need to be capable of protecting it. If they are not, you need to look for a different option.
The security policies at Lexington Plus shows that the broker is committed to providing a safe trading environment to its clients. They comply with the rules of the Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies, which are meant to mitigate the risks of money laundering, identity theft and financial fraud.
As per their rules, traders have to provide proof of identity and proof of residence, which means every account is verified and no fake account can be created. Proof of ID usually needs a valid international passport, a national ID card authorized by the government, or a driver’s license. Proof of residence needs a utility or tax bill, bank statement, or even a credit card bill.
Moving on, you will find that Lexington Plus maintains segregated customer accounts, which means your funds are kept in separate accounts and not mixed with the company’s own. This eliminates the possibility of discrepancies of any sort and the deposits are only used for trading activities.
Feature 2: The Financial Instruments
If you believe the security concerns have been address adequately by the broker in question, you can check out their financial instruments to determine their suitability. Since your profits depend on the instruments you trade, you should definitely check them out.
Some people are interested in specific instruments, while others may be willing to explore options. Whether you wish to trade in a particular financial market, or are looking to create a diverse portfolio, you will find Lexington Plus a good fit.
First off, their priority is to provide their clients access to the top financial markets and they have done exactly so. They offer more than 150 financial instruments that belong to various markets and are the leading option in each.
Not only does this ensure that every trader can find something suitable for trading, it also enables them to diversify their portfolio, which is a key strategy for minimizing trading risks and earning maximum returns.
Traders can delve into the forex currency market at Lexington Plus and choose from the numerous currency pairs that are available. These include EUR/USD, GBP/USD, EUR/GBP, USD/CAD, AUD/NZD and USD/CHF.
If you are more interested in digital currencies, you will be glad to discover that crypto CDCs are also available here and these include options like Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Monero and Ripple.
The stock market is another attractive option that Lexington Plus allows you to explore, as you can invest in shares of notable global companies like Apple, Sony, Twitter, Volkswagen, Adidas, Amazon, AT&T, PayPal and Netflix.
If you prefer looking at the big picture, the indices market is also worth checking out and you can go with indices like FTSE 100, NASDAQ 100, S&P 500 and DOW JONES.
There is also the commodities market, which comprises of precious metals like gold and silver, energies like crude oil and natural gas and agricultural items like wheat, sugar, corn and coffee.
Feature 3: The Trading Platform
Perhaps, the most vital feature that a broker has to offer is its trading platform because without it, there can be no trading. How will you connect to any market or execute a trade? It is this software that makes it all possible, which means it is extremely important to your trading journey.
Your experience will be significantly affected by the kind of platform you are provided. If it is slow or lacking in any way, your experience will be a poor one, and an advanced and updated platform will be a big positive.
The trading platforms at Lexington Plus are impressive, not just because of their features and tools, but because there are several options for traders. You are given three different types of platforms to choose from and can go with the one that seems the most appropriate to you, as per your preference.
This is undoubtedly a bonus because not every broker will offer you this kind of flexibility. You are free to choose from a desktop platform that has to be downloaded, a WebTrader that you can access via the browser and mobile trading apps that can help you trade from anywhere.
These trading platforms only enhance the versatility of Lexington Plus and help you in enjoying a personable trading experience. Another appealing aspect of these platforms is the use of innovative and advanced technology that can deliver ultra-fast trade execution and features like one-click trading.
The best part is that even though the technology is powerful and complex, the user-interface is completely opposite. It is very simple and anyone can start using it easily and not have to worry about anything complex.
Likewise, the trading platforms have also been equipped with some of the top and useful tools by Lexington Plus for enhancing the experience of their clients. They provide guidance of professionals, along with live price data that can help traders stay on track of all movements.
Real-time charts and statistics are also available, as are alerts from the market. Different order types, like take profit and stop loss, as well as pending orders can be found. Traders can also receive trading signals for different assets and they can take advantage of advanced and superior analysis tools for a profitable trading experience.
Feature 4: The Diverse Account Options
Opening an account is required when you want to use a broker’s services, but before you do it, you need to know what options are provided. No two traders are the same; everyone has a different style, expectations, capital and risk tolerance and you want to find an account that can give you room to achieve your goals.
You need to check what account options are provided and Lexington Plus gives you five options to choose from. The Micro account is the first, which is good for those getting started, as it only needs a deposit of $5,000. The trading instruments are limited in this one and the offerings are basic.
Leverage is between 1:2 and 1:20, fees is between 1 and 6%, commission is between 1 and 3% and swaps begin at 0.7. Basic education, monthly trade signals and general customer support is available. The next option at Lexington Plus is called Bronze and the deposit requirement is now $10,000 with access to standard instruments.
Maximum leverage is now 1:50, fees between 1 and 4% and commission between 1 and 2%. Swaps are 0.5 now and webinars and e-books are given. You get weekly trading signals, quarterly analyst report and access to support center.
Lexington Plus’ next offering is called Premium and the minimum deposit for this one is $50,000. The maximum leverage is now 1:100 and swaps at 0.2. Meanwhile, fees and commission both fall in the range of 0.5% and 2% and analyst sessions are also added.
Daily trading signals, a support team member, advanced range of trading instruments and monthly analyst reports are now available. The next account option is called Gold and this one needs a minimum deposit of $10,000. You now have the full range of assets that the broker offers and leverage stays at 1:100.
Fees and commission fall further between 0.25% and 1.5%, while spreads are now 0.15. A trading analysis program is also available and trading signals are given daily, several times a day.
A senior support team member is assigned and weekly analyst report is also provided. The final account that Lexington Plus offers is called Plus Member and the minimum deposit that traders have to make for it is $250,000.
It also offers leverage of 1:100 and access to all assets that the broker is offering. As for fees and swaps, they are now custom, whereas commission falls between 0.25% and 1% now. Traders have access to all educational resources and training and get a dedicated support team.
Other prominent features of Lexington Plus include a simple registration process, multitude of funding options and round the clock customer support that make it a well-rounded platform for trading.