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Reviewing LexaTrade: Real Customer Feedback on a Forex Broker

This enables safe trading using modern technologies and does not require downloading and installing platform software. MT4 Terminal is compatible with any desktop computer and operating system. It has listing charts for changing is lexatrade regulated time ranges and combines many commercial operations. Gaining more traders, LexaTrade expanded its services to different jurisdictions across continents. In 2019, LexaTrade amassed more than 2 million merchants worldwide.

How To Recover My Money From Forex Lexa Trade?

The deposits are processed instantly, while withdrawal may take up to 3-5 business days. The platform supports  bank wire, credit /debit cards, Skrill, Neteller and OrangePay for both deposits and withdrawals. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. XCritical is lesser known to traders than MT4, but this does not make it inferior in providing quality services. Also, a mobile platform is far more accessible and convenient than any other platform, which means traders can trade anytime and anywhere without the hassle. Aside from trading, clients can open positions, manage their account, and execute trades without delay.

Trading with LexaTrade: Accounts, Bonuses, Honest Reviews

  1. As for the disadvantages it carries, its reputation is tainted mainly from the absence of tight regulatory oversight.
  2. LexaTrade offers a variety of trading platforms according to the trader’s needs.
  3. Normally, brokers help traders track market changes and ‘catch’ the price peaks and turns down.

Even the most reliable companies that have graced the top brokers’ list for many years have received negative feedback. Lastly, LexaTrade highlights the markets’ Reporting Season, which is the most profitable period of the year in trading. Clients are encouraged to participate in an event, and LexaTrade provides a list of the best stocks to invest in. Along with the list of tradable stocks, LexaTrade also posts stocks’ previous revenue, forecasted price, and timeframe on when to trade it.

Platinum Account

They vary in features but are all promoting convenient and secure trading. LexaTrade is a forex broker that offers services in currencies, cryptocurrencies, commodities, stock, and indices trading. It is a brand name of Swissone Group Ltd. registered in Saint Vincent and the Grenadines. Its multi-asset trading services have garnered the trust of its clients and has earned it a spot in the top forex brokers in industry.

Forex Cards: Usage and Benefits

This is why aside from MetaTrader4 and XCritical, they’ve also developed a platform to embody important qualities and characteristics. LexaTrade forex broker will give you a 70% welcome bonus and medium priority for withdrawals if you choose a gold account. LexaTrade imposes high-grade security measures across all its services. It ensures clients’ protection from cyber theft and market risks because they are very common in trading. Clients have also praised its safety and convenience, among all other qualities.

Don’t worry about it, because you can’t make a big profit in Forex trading without investment. Unfortunately, LexaTrade forex broker does not offer a demo account, where beginners can make their first steps in trading, and professional traders improve strategies. It is not a major shortcoming, but it may, to some extent, discourage some users. However, it is an offshore broker restricted to operating in the US and Europe.

Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. The broker doesn’t hide the fact that it’s trying to goad you into depositing more. Even the withdrawal speeds increase as you go up to the higher accounts. LexaTrade broker’s platform comes with high speed, functionality, profitability.

Knowing which markets and assets you can trade is an integral part of choosing a broker. Some brokerage firms offer more assets than others, and that’s what makes them the preferred choice by traders. On the other hand, trading tools and research materials are all important helpers in assessing positions and executing trades.

Integration of news is a great thing and for people that trade during news events, this is going to be a huge deal. Unfortunately, things like investor compensation funds and segregated bank accounts are not present. On the bright side, they do make up for it by offering a ton of funding and payment methods. Also, this broker is connected with the semi-automated trading platform Cryptodroid which is one of the most beloved software in the trading realm.

It offers a Start account, Silver account, Gold account, Platinum account, and VIP account. Wondering whether Lexatrade scammers or not, let’s analyze its services and development level. When it comes to platforms, broker LexaTrade ensures clients enough options to choose from.

Here you can train as a beginner and sharpen your strategies if you are an experienced Forex trader. It is divided into webinars, trading courses, and a reviewer/questionnaire. These materials gear towards beginning traders who are still in the process of acquiring decent knowledge about trading. On the other hand, reviewers and questionnaires are designed for beginners and professionals to refresh their acquired knowledge and ensure that they don’t forget anything. All materials are available after registration, so you can ensure that reviews like “LexaTrade courses scam” are not true. LexaTrade’s MT4 web terminal is a safe, secure trading platform that uses advanced technology and high-quality terminal work.

The server operator Almina Corp as is not a registered broker, investment advisor or broker. The platform is somehow new in comparison to some reliable names dominating the forex industry. However, it garnered popularity among traders with its one-of-a-kind features and the services. Just like any broker, LexaTrade flaunts a set of advantages to fish investors in the sea of online financial investment. Holding its business operations in Saint Vincent and the Grenadines, many traders doubt the legitimacy of the broker, let alone Lexatrade’s regulatory credential. This is because there are many traders online claiming to have been scammed by LexaTrade.

But then, it must be noted that the success of trades is not necessarily reliant on the type of broker that a trader enlists but on strategies that they employ. And for sharpening and improving strategies,the broker offers https://turbo-tax.org/ many possibilities and tools. We will feature some feedback and LexaTrade broker reviews of current clients to give us some first-hand experiences with the broker and how they feel toward their service provider.

All account types offered by LexaTrade support the use of expert advisors (EAs), automated trading systems commonly used in the Forex market. There are also other newbie-baiting features, such as the bonus that Lexatrade offers. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader.

After analyzing the detailed LexaTrade review, we can say the company is totally a scam. Yes, the broker offers trading services across the globe with a focus on countries like India, South Africa and most of Asian countries. We aren’t the biggest fan of the huge jumps between the sums you need for different account types. However, that’s a minor complaint, as what you get for each account is actually pretty fair for the price point. One more significant concern is that the broker locks the MT4 platform behind the more expensive account types.

Our review will provide a rundown of Lexatrade’s trading service features, conditions, and other important aspects of its brokerage service. Some are legitimate issues and concerns, while others were scammed by LexaTrade — false claims crafted by competing companies. There will always appear negative reviews about every broker, even the most trusted ones.

The information that these tools give are enough to forecast the probable results of each deal. Traders who have reached this state have more points, trade without restrictions on the number of transactions, have access to funds, and have the opportunity to defer payment. The broker provides a decent and fair set of trading conditions coupled with some advanced trading tools and platforms. They also provide traders the optimal opportunity to learn the basics and complexities of trading through different educational resources.

We tested the Pro account, which charges a commission but offers tight spreads. Combined with LexaTrade’s enhanced trading conditions, you’re able to use a globally recognised trading platform accompanied by spreads from 0 pips and 0.20s execution. MT4 is widely recognised as the world’s lexatrade forex broker favorite Forex trading platform. LexaTrade has proven that it belongs on the list of top forex brokers in the trading industry and meets users expectations. It displays high functionality, great customer service, convenience, availability, and dedication to clients. It improves its services based on what its clients ask for to work on the market, and this has earned the trust of traders everywhere.

The parent company of LexaTrade is Swissone Group Ltd, located in St. Vincent and the Grenadines.

You can open positions, check your account, execute trades without delay. Using XCritical mobile app, you can set stop loss, take profit levels, track the movement of various assets’ quotes, know currency forecasts, and check your account balance at any time. Live chat support was available at the time of our visit but a bit slow to answer. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250.

Below are only some of the LexaTrade broker reviews written by legitimate clients on the website of TrustPilot. It must be stressed that all LexaTrade reviews above were taken from existing, legitimate review sites. We listed lots of them not to confuse traders but to give a weighted and fair viewpoint on the brokerage. As this is the case, the traders are advised to take all claims quoted here with a grain of salt.