Trade LexiPro 360 - Latest 500 Version | Powered by Trade 24 LexiPro
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Frequently Asked Questions
Why is personal data required for account verification?
Collecting specific documents is essential to ensure that all accounts comply with regulatory standards. This technique assists in preventing fraud and identity theft, ensuring the utmost confidentiality of your data. You can choose to upload your documents securely through our website or send them to us at [email protected]. For more details about our authentication procedure, click here.
What documents are needed to complete my account verification on Trade LexiPro 360?
To start trades and carry out withdrawals, the following items are needed:
A clear scanned or photographed image of a government-issued ID (such as an ID card, passport).
A current proof of residence (for example, a utility bill, phone bill, or bank statement).
While depositing money into your account with a credit card, make sure to submit:
Photos or scanned copies of your card's front and back sides.
Uncover more information about our validation requirements here.
What needs to be shown on my state-issued identification card?
Ensure that your government-issued ID is clear and unequivocal, showcasing your full name, ID number, photo, and expiration date. Verify that the ID is valid and isn't due to expire within the next three months.
Which details are required for my residence proof (utility bill)?
Your residency document must clearly display your name, address, billing date, and issuing company details. The document should be no older than six months.
What kinds of ID are acknowledged as valid government-issued IDs?
Government-issued IDs that are acceptable include:
Passport (for all nationalities)
National ID card (for all nationalities)
What documents are recognized as valid proof of residence?
The following are acknowledged as residential proof 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 clients to complete a brief investor questionnaire. This aids us in assessing your financial knowledge, skills, and experience, which allows us to tailor your trading experience and offer appropriate assistance.
What standards qualify an individual as a professional client?
A professional client has the understanding and expertise to make informed investment decisions and understand associated risks.
What defines a retail customer?
A person not qualifying as a professional client or an eligible counterparty is known as a retail client. Retail clients receive the greatest level of protection.
Why was my account put on hold because of insufficient verification?
If you fail to finish the verification procedure within the specified time frame, your account will be suspended as per the regulatory norms. We are accountable as per the regulatory rules. Your account will be restored once we get and approve the necessary documents you provide. For additional details on verification, click here.
Banking FAQs
What types of currency can I utilize in my Trade LexiPro 360 account?
Starting a trading account with Trade LexiPro 360 does not require an initial deposit. However, to begin trading and gain complete access to our educational resources and special services, your account needs to have a minimum balance of $250.00.
Which deposit methods are available?
Different methods including major credit cards, e-payment systems, and bank transfers can be utilized to add funds to your trading account.
Is a down payment necessary for account creation?
You don't need any deposit to open your trading account. Yet, to begin trading and leverage our extensive educational resources and professional services, a mandatory deposit of $250.00 is required.
What's the smallest sum I can withdraw?
For withdrawals to credit/debit cards and e-wallets, a minimum of $50.00 is needed, and for wire transfers, the minimum is $100.00.
How long does it take to process a withdrawal request?
Typically, withdrawal requests are processed within 3 to 5 business days. The duration it takes for the money to appear in your bank account can vary, as it depends on the processing times of your bank and credit card provider.
How can I withdraw from my account?
To withdraw funds, log into your account and go to the trading platform. Click on your profile name and select 'Withdrawal.' Enter the withdrawal amount you wish to withdraw (the least amount is $100 for wire transfers and $50 for other methods), then confirm your selection by clicking 'Withdraw.' You will be contacted to complete the transaction. Once processed, funds will generally be available within 3-5 business days.
Which payment methods can be used for withdrawals?
The withdrawal process will employ the same payment method that was originally used for your deposit. For example, if a deposit was made using a Mastercard, the first withdrawal (up to the amount deposited) will be returned to the same Mastercard. Any additional earnings can be withdrawn through any of our supported payment methods of your choice.
What are the expenses associated with trading platforms?
Fees can significantly vary across platforms, possibly including spreads, commissions, withdrawals, inactivity, and overnight financing charges. Before signing up, understanding a platform's fee structure is essential to grasp the total trading expense.
Trade LexiPro 360 does not have any hidden fees or commissions. All details will be disclosed when choosing an account plan.
Is my income liable for taxation?
The tax obligations vary depending on the tax rules of your residential country. Trade LexiPro 360 does not assume any responsibility for tax duties. It's up to you to understand your tax liabilities, accurately report your transactions and income, and settle any pending taxes.
Basic Trading FAQs
What does a demo account involve, and how can I make use of it?
A demo account allows users to engage in risk-free trading practice using simulated funds, thus avoiding any real monetary loss. This is an ideal way to familiarize oneself with the features of the platform and to perfect your trading tactics before transitioning to a live account.
What types of assets can be traded on a platform?
Trading platforms generally allow users to trade a variety of assets including stocks, Forex, commodities, indices, and CFDs (Contracts for Difference). The range of available assets may vary from one platform to another. Explore more than 1,000 asset variations with Trade LexiPro 360.
What does the term 'investment amounts' signify?
The sums put into trades are adjustable and tailored to your personal trading approach. These sums influence the proportion of payouts and potential investment returns, permitting you to alter them based on your preferences and the current market conditions.
What does the term underlying financial assets imply?
Your trade's value is determined by underlying financial assets. These consist of stocks, commodities, currency pairs, and indices. Although you don't own these assets directly, their value is tied to the current market price during your trade. The primary asset classes include:
– Stocks like Apple, Nvidia, Facebook
– Indices from the market such as DAX30, Dow Jones, NASDAQ
– Forex combinations like USD/EUR, USD/GBP, EUR/CHF
– Different commodities including wheat, coffee, oil, gold
What is represented by the displayed prices/rates?
The displayed prices reflect the live buying and selling rates of the underlying assets. Such rates signify the average prices observed on global financial exchanges, updated based on information from various sources.
What is symbolized by the colors of the ask and bid rates?
The colors of the ask and bid rates illustrate the volatility of the present price compared to the previous rate. Green typically means the price has increased, while red suggests a decrease.
How do trade signals function?
Trading signals serve as alerts or recommendations, pointing out the best moments for purchasing or selling an asset, as determined by various market indicators. Experienced traders or automatic trading systems like Trade LexiPro 360, Trade 24 LexiPro, Trade LexiPro 500 can generate these signals. Nonetheless, these signals merely offer data and advice, they don't guarantee a profitable trade. The choice to pay attention to or disregard these recommendations in different situations is completely your responsibility.
Why can't I execute a trade?
If you lack sufficient funds for a transaction, the position cannot be established. Kindly check your trading account balance to confirm that you possess the necessary margin.
What are the restrictions on trading amounts?
The minimum and maximum amounts you can trade vary depending on the asset class, available margin, and your account type. These limits are set to accommodate different trading strategies and account setups.
Where can I find the trading hours for assets?
In the Asset Index, you have the opportunity to explore trading hours, expiration times, and other pertinent information.
What is the meaning of order execution?
The process of executing an order involves creating and finalizing your trading transaction. With the ever-changing market rates, there may be instances where orders aren't executed as expected. The order execution mechanism connects your trade to the markets, determines the price for the execution, and ensures that your order is in line with the current market circumstances.
Are trading platforms guaranteed to be secure?
Reliable trading platforms utilize advanced security measures such as SSL encryption, two-factor authentication (2FA), and individual accounts to protect users' assets and confidential information. Always confirm the security protocols of the platform and its compliance with regulations. At Trade LexiPro 360, we place great emphasis on the security of your private data and trading results.
Commonly Asked Questions - General
What is the meaning of a trading platform?
A trading platform is a software application used by traders to manage their trading accounts, execute trades, and monitor market activities. Trade LexiPro 360 and similar platforms usually offer features like live quotes, charting tools, news updates, and other resources to support trading activities.
How can I choose the best trading platform?
When choosing a trading platform, consider factors such as user interface, the variety of trading tools available, expenses and fees, regulatory adherence, security protocols, customer support, and the availability of educational resources. Comparing other users' reviews and ratings can also prove advantageous.
Can I use a trading platform on my mobile device?
Truly, most modern trading platforms offer mobile applications for both iOS and Android gadgets, allowing traders to manage their accounts and perform trades on the go. With Trade LexiPro 360, you can trade from any device at your convenience.
What kind of customer support is offered?
Various trading platforms provide customer support through diverse channels, like live chat, email, and telephone. Some platforms offer round-the-clock multilingual assistance to cater to their global clientele. The Trade LexiPro 360 platform is a case in point of such a platform.
Questions Frequently Asked about Learning
Are educational resources offered by trading platforms?
Multiple trading platforms offer educational resources like video lessons, webinars, e-books, articles, and simulation accounts. These aids are designed to help traders improve their knowledge and trading skills. We will provide you with a comprehensive Learning Center, which is useful even for trading beginners.