Lexington Plus Review
People have been trading in the financial market for decades, but they have recently come into the spotlight, particularly due to the hype surrounding cryptocurrencies. They appear to be making a lot of headlines and this has drawn the attention of people towards the online trading space.
After all, who doesn’t want to make high returns in a fraction of the time it takes traditional investments to give the same returns? The process also seems to be simple and convenient enough because you only have to find a broker, which brings you to this Lexington Plus review.
Even though it doesn’t seem that big of a deal to find an online broker, as there are a multitude of them, it is a decision that should be made after a great deal of research. Why? This is because brokers are not just a stepping stone in your trading journey; they are your partner throughout and can influence your performance significantly.
They will charge you trading fees, give you access to instruments and provide you the trading platform used for trade execution. This makes them the most vital ingredient in your trading recipe and you don’t want to mess this up.
Yes, there was a time when there weren’t many platforms that could be used, but online trading has become one of the biggest trends in the last few decades, which has led to a tenfold increase in the number of brokers. Nevertheless, it is important to remember that quantity doesn’t really guarantee quality and this is where research is imperative.
Compromising on the quality of trading services can lead to a poor trading experience and keep you from achieving your financial goals. With research, you can eliminate brokers that are not up to your standards and find one that actually fits your requirements.
Considering there are hundreds of companies in the market, it is not far-fetched to assume that there is one that can be a good choice. The only problem is that most of them appear to be similar on the surface and this can make it difficult to make a selection.
The key here is to find what makes a broker different from the rest and then make your decision accordingly. This is what you should do in the case of Lexington Plus, which is one of the latest additions in the trading space. Despite being another fish in the sea of brokers, it has managed to set itself apart in a number of ways. What are they? Take a look below:
|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|
The extensive asset index
One feature that often sets brokers apart from one another is their asset index i.e. the list of trading instruments they are offering to their clients. If you have done a survey of the financial markets, then you are probably aware that hundreds of thousands options are available.
Of course, not all of them are created equal, which means they don’t offer the same opportunities or returns. The trading instruments you include in your portfolio determine the risks you take and the profits you make, so it is a decision that needs to be made carefully.
Moreover, you also need to find a broker that can offer you said instruments and this is where Lexington Plus can be a great choice. Their asset index is an extensive one, which comprises of instruments from some of the most profitable financial markets in the world.
You will have more than 150 instruments to choose from and they belong to different markets. This is another advantage because it gives traders room to diversify their portfolio. They can invest in instruments belonging to various markets, which can reduce the risks significantly and increase the potential of returns.
Let’s check out the markets you can access at Lexington Plus:
- The Stock Market
Who hasn’t heard of the stock market? It is one of the most renowned financial markets in the world because it enables everyone to get shares of some of the biggest companies globally. You can invest in companies like Amazon, Coca Cola, Netflix, Tesla, Aurora, Microsoft, BMW, Apple, Facebook and more.
- The Indices Market
Most people confuse it with the stock market, but the indices market is different because it deals with baskets of stocks, rather than individual ones. You can trade health stocks, tech stocks and others in this market. You will find some of the top indices available at Lexington Plus and these include S&P 500, NASDAQ 100, FTSE 100 and Nikkei 225.
- The Forex Market
The largest financial market in the world is none other than the forex market and it offers a wide range of opportunities for traders to explore. You can choose from some of the leading currency pairs, such as EUR/USD, GBP/USD, AUD/NZD, USD/CHF, EUR/GBP and USD/JPY.
- The Cryptocurrency Market
Even though it is a relatively new one, the volatility of the crypto market has made it one of the most popular ones nowadays. You will find a number of digital assets available at Lexington Plus and these include options like Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple and Monero.
- The Commodity Market
If you are interested in making solid and consistent returns, the commodity market is the best option to explore. You can choose from commodities like precious metals, such as gold and silver, which are called hard commodities. Energy commodities like crude oil and natural gas are also available. You will also find agricultural items, such as wheat, sugar, coffee and rice, which are known as soft commodities.
The top-notch security
While the asset index that Lexington Plus is offering is undoubtedly appealing, it doesn’t mean that you shouldn’t consider other features of the broker. If there is one good reason for you to choose a platform, it should be their top-notch security. Like everything else you do online, trading also comes with its fair share of security risks.
In fact, they might be a tad higher because you have to trust a company with your personal and confidential data and you also have to deposit your funds with them. If their network is compromised, you will be the one suffering the consequences.
Subsequently, you should consider it an advantage that Lexington Plus has gone to great lengths to offer top-notch security to its clients. Their expert team is well-aware of the risks involved and have taken specific steps to mitigate said risks as much as possible.
They maintain segregated accounts for their clients, which means they are kept separate from their own. This reduces the risk of discrepancy and misappropriation, especially when the funds are only reserved for trading.
These accounts are maintained with reputable financial institutions to minimize the risk of theft. When it comes to protecting your personal information, you will find that Lexington Plus uses advanced SSL (Secure Socket Layer) technology for encrypting all data that’s stored with them. This ensures that no outsides can gain access to your information without your consent.
Another important feature is their compliance with KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies. These are meant to verify all accounts on the platform, which can prevent fraudsters from creating fake accounts.
As per these policies, traders have to provide Lexington Plus documents for proof of identity and proof of address. The former can be given through a government-issued identity card, an international passport or a driver’s license.
The latter needs a utility bill (gas, electricity or water), tax bill, credit card bill or a bank statement. This allows the platform to mitigate the risk of money laundering, terrorist financing, financial fraud and identity theft.
The multiple trading platforms
One of the most important offerings of a broker is their trading platform, as this software is used for connecting to the financial markets and for doing your daily trading. This means that your experience will depend a great deal on the kind of trading platform is available and this can vary from platform to platform.
Every company will promise you a good, dependable and powerful platform, but there are no guarantees. Fortunately, you will find that Lexington Plus lives up to all its promises in this regard. As a matter of fact, they offer multiple trading platforms to choose from, which is a major advantage.
This actually provides traders with the opportunity of choosing a platform they are comfortable with, rather than having to settle for one. The different platforms are meant to accommodate different types of traders and Lexington Plus is able to accomplish this goal.
You can choose from a desktop platform, which has to be downloaded and installed on your PC. It offers a complete online trading experience and is an excellent choice for full-time traders. The WebTrader is another option that you can explore.
This particular platform does not come with any downloading requirements and you only need to log into your account on the Lexington Plus website to use it. This gives you room to use it on any device that supports a web browser.
If you want to enjoy trading on the move, mobile trading apps have also been developed and they are available for both iOS and Android ecosystems. It only takes a few minutes to download them and you will be able to trade whenever you want.
Keeping up with the trends, cutting edge technology has been used by Lexington Plus to offer its clients superior trade execution and a smooth trading experience. You will not have to worry about any lags and despite the advanced technology, you will not have any trouble in navigating the platform either.
This is because it boasts an easy-to-use interface that anyone can start using right away, even if they don’t have any prior trading experience. Furthermore, the trading platforms also come with some of the top and powerful trading tools in the financial markets.
These tools can be quite useful in making informed trading decisions, so Lexington Plus has provided its clients with the best options. They offer trading signals on a variety of assets, along with analysis tools. Live price data is available and real-time alerts can also be scheduled for your ease. You will also find real-time charts and statistics available that can give you insights, along with different order types and other risk management features.
The timely customer support
Would you want to be left hanging if you have a problem and need help? No trader wants to face such a situation because of the disastrous outcomes, which means you have to find a broker that offers you good and timely customer support.
This aspect has helped Lexington Plus in garnering a lot of attention because they have added different channels that their clients can use for reaching out to their team. Their agents are available round the clock to assist traders in every way.
You can go to the Contact Us page on the Lexington Plus website, where they have mentioned an email address and phone number that can be used for connecting with them. There is also an online contact form that traders can fill for scheduling a callback. The type of customer support also depends on the account you open with the broker.
Once you realize what makes Lexington Plus different from the rest of the brokers in the market, it is easy to make the decision of registering on their website and opening a trading account to begin your journey.