Trade LexiPro 24 - Powered by Trade LexiPro 500 (360)

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Frequently Asked Questions

Why is personal information required for account verification?

Collecting specific documents to ensure each account's compliance with regulatory standards is crucial. This practice helps prevent fraud and identity theft, ensuring the full privacy of your data. You can conveniently upload your documents on our secure website or send them to [email protected]. For more details regarding our verification process, click here.

What documents do I need to complete my account verification on Trade LexiPro 24?

To initiate trading and perform withdrawals, the following items are necessary:
A clear scan or photo of a government-issued ID (e.g., ID card, passport).
Proof of current residence (e.g., utility bill, phone bill, or bank statement).

Ensure to include:
Photos or photocopies of both sides of your card when depositing funds into your account using a credit card.

Uncover more specifics about our authentication prerequisites here.

What is supposed to appear on my state-issued ID card?

Ensure that your state-issued ID is legible and sharp, showing your full name, ID number, photograph, and expiration date. Verify that the ID remains valid and is not set to expire within the next three months.

What details are required on my residence proof (utility bill)?

The evidence for your residential address should clearly display your name, address, billing date, and details of the issuing company. The date on the document shouldn't be older than the previous six months.

Which kinds of ID are acknowledged as valid government-issued IDs?

Recognized types of identification issued by the government include:
Passport (valid for all nationalities)
National ID card (applicable to all nationalities)

What documents are considered valid for proof of residence?

Accepted proof of residence include the following documents:
- Landline phone bill
- Home internet bill
- Water bill
- Electricity bill or voucher
- Gas bill
- Bank statement with full address

What is included in an investor questionnaire?

As part of our regulatory obligations, we ask our clients to complete a brief investor questionnaire. This allows us to assess your financial comprehension, abilities, and proficiency, consequently enabling us to tailor your trading experience and offer the requisite support.

What attributes qualify someone to be a professional client?

A professional client has the expertise and understanding to make informed investment decisions and grasp associated risks.

What defines a retail customer?

A person who doesn't fulfill the requirements to be a professional client or eligible counterparty is known as a retail client. Retail clients receive the utmost level of protection.

Why was my account put on hold due to inadequate verification?

If you fail to complete the verification process within the stipulated period, your account will be temporarily suspended as per regulatory rules. As per these regulations, we are responsible. Your account will be reactivated upon the receipt and approval of the necessary documentation. For more details on verification, click here.

Banking FAQs

What currencies can I use in my Trade LexiPro 24 account?

Starting a trading account with Trade LexiPro 24 doesn't require a preliminary deposit. However, to begin trading and gain full access to our learning resources and superior services, your account must be credited with a minimum sum of $250.00.

What are the available deposit options?

Diverse techniques like major credit cards, e-payment systems, and bank transfers can be used to deposit money into your trading account.

Is a deposit required to establish an account?

You don't need to deposit any funds to open your trading account. But, to access our extensive range of educational resources and professional services for trading, a minimum deposit of $250.00 is required.

What's the minimum withdrawal I can make?

The minimum withdrawal for credit or debit cards and e-wallets is $50.00, whereas for wire transfers, it stands at $100.00.

What is the necessary time to process a withdrawal request?

Typically, withdrawal requests take 3 to 5 business days to process. The period for the funds to appear in your bank account may vary as it undergoes processing from your credit card provider and bank.

How can I withdraw money from my account?

For withdrawing funds, log into your account, go to the trading platform, click on your profile name, and select 'Withdrawal.' Enter the amount you intend to withdraw (minimum of $100 for wire transfers and $50 for other methods), then confirm by selecting 'Withdraw.' You'll be contacted to complete the transaction. Your funds will be available after they've been processed, which usually takes between 3-5 business days.

Which payment methods can be used for withdrawals?

The original payment method used for your deposit is the manner in which withdrawals are processed. For example, if your deposit was transacted through a Mastercard, the initial withdrawal amount (equivalent to the deposited sum) will be returned to that identical Mastercard. Any surplus earnings can be withdrawn using any of our endorsed payment methods of your choice.

What are the expenses associated with trading platforms?

Trading costs can vary greatly among platforms, including spreads, commissions, withdrawals, inactivity, and overnight financing fees. Before registering, understanding a platform's fee structure is vital to grasp the total cost of trading.

Trade LexiPro 24 ensures that you are not troubled by hidden fees or commissions. You will be fully informed about all details when you choose an account plan.

Is my income liable to be taxed?

The tax obligations you have are based on your home country's tax laws. Trade LexiPro 24 does not assume liability for any tax duties. Understanding your tax responsibilities, accurately reporting your transactions and earnings, and paying any due taxes is your responsibility.

FAQs about the Basics of Trading

What is the representation and utilization process of a demo account?

A demonstration account allows users to partake in simulated trading using virtual assets, thereby circumventing the hazard of actual monetary loss. It functions as a superb way to familiarize oneself with the platform's functionalities and hone your trading strategies prior to transitioning to a live account.

What types of assets can be traded on a platform?

An abundance of trading platforms allows users to engage in a variety of assets like stocks, Forex, commodities, indices, and CFDs (Contracts for Difference). The range of assets available may vary from one platform to another. Explore more than 1,000 asset variations with Trade LexiPro 24.

What does the term investment amounts imply?

Your individual trading strategy allows for the amounts invested in trades to be flexible and personalized. These amounts influence the payout percentages as well as the potential return on investment. It gives you the ability to adapt based on your preferences and the market conditions.

What makes up fundamental financial assets?

The worth of your trade is based on underlying financial assets. These include stocks, commodities, indices, and currency pairs. Although you do not directly own these assets, their value corresponds with the current market price when you trade. The primary classes of these assets comprise:

- Stocks like Apple, Nvidia, Facebook
- Indices such as DAX30, Dow Jones, NASDAQ
- Forex couples like USD/EUR, USD/GBP, EUR/CHF
- Commodities such as wheat, coffee, oil, gold

What do the displayed prices/rates signify?

The displayed prices reflect the current bid and ask rates for the underlying assets. These rates represent the average values observed on global financial markets, updated based on information from various sources.

What is the significance of the colors of the bid and ask rates?

The shades of the ask and bid rates represent the variation of the current price compared to the prior rate. Typically, green signifies a rise in price, while red denotes a reduction.

How do trade signals function?

Trading signals serve as alerts or advice pinpointing the best times to buy or sell an asset, based on various market indicators. These signals can be generated by experienced traders or automated trading platforms like Trade LexiPro 24, Trade LexiPro 500, Trade 360 LexiPro. Thus, they only offer data and direction, and do not guarantee a successful trade. The choice to follow or disregard this advice in any given situation rests solely on your shoulders.

Why can't I execute a trade?

If you lack sufficient funds for a trade, the position will not be placed. Please check your trading account balance to ensure you have the necessary margin.

What's the limitation on the trading volume?

The trading minimum and maximum amounts vary depending on the asset class, your account type, and the available margin. These limitations are set to accommodate diverse trading strategies and account setups.

Where can one find the trading hours for assets?

In the Asset Index, you'll find trading hours, expiration times, and additional relevant information.

What is the meaning of order execution?

Order execution is the process through which your trading order is placed and finalized. Market rates can be volatile and as a result, some orders may not proceed as expected. The order execution system connects your trade to the markets, determining the rate at which the trade will happen, ensuring your order aligns with the current market condition.

Are trading platforms secure enough?

Respected trading platforms utilize advanced security methods such as SSL encryption, two-factor authentication (2FA), and individual accounts to protect users' assets and personal information. Always check the platform's security measures and compliance with regulations. At Trade LexiPro 24, we accord the highest importance to securing your personal data and trading results.

General - Frequently Asked Questions

What is the meaning of a trading platform?

A software application known as a trading platform is what traders use to execute trades, monitor market changes, and manage their trading accounts. Trade LexiPro 24 is an example of such platforms that typically offer features like live quotes, charting tools, news updates, and other aids for trading.

How can I choose the most appropriate trading platform?

When choosing a trading platform, consider factors such as the user interface, available trading tools, fees and commissions, regulatory reputation, security features, customer support, and availability of educational resources. Reviewing ratings and comments from other users can also be advantageous.

Can I use a trading platform on my mobile device?

Undeniably, most modern trading platforms offer mobile applications for both Android and iOS gadgets, allowing traders to manage their accounts and execute trades on the go. With Trade LexiPro 24, you can trade from any device you prefer.

What kind of customer support is available?

Most trading platforms provide customer support through various channels like live chat, email, and phone. In order to cater to a global audience, some platforms deliver 24/7 support in several languages. Trade LexiPro 24 platform serves as a perfect illustration of this.

Learning Related Frequently Asked Questions

Do trading platforms provide educational resources?

Many trading platforms offer educational resources, including video tutorials, webinars, e-books, articles, and demo accounts. These resources are designed to help traders improve their knowledge and trading skills. We are dedicated to providing you with a comprehensive Learning Center that is useful even for beginner traders.