LexaTrade Review: Avoid This Scam Forex Broker

LexaTrade Review: Avoid This Scam Forex Broker

In this review, we’ll examine why users should exercise extreme caution if considering LexaTrade. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. 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. LexaTrade offers a competitive range of trading instruments and features, making it a suitable choice for both beginner and experienced traders. The platform’s user-friendly design, multiple account options, and access to popular trading platforms such as WebTrader and MT4 make it an attractive option.

The account structure is straightforward, but the high minimum deposits for premium accounts is lexatrade regulated may deter small-scale traders. Additionally, spreads on lower-tier accounts are uncompetitive compared to industry standards. LexaTrade has the ability to get deposits and withdrawals processed within 2 to 3 days. It should be noted that, in general, the LexaTrade platform is best suited for those who have online trading knowledge of various backgrounds.

Lexatrade Reviews

While the platform appears well-structured on the surface, a closer examination reveals troubling details. The MT4 performs as a classic choice in trading currencies and CFDs because of its user-friendly interface, speed of execution, and high-grade terminal work. LexaTrade’s offering of the MT4 comes in a web version and it is compatible with any browser. Platform includes a customization feature that comes with listing charts and shifting time ranges. It is definitely more expensive than the Silver Account, but quality always comes with a price. For starters, LexaTrade has a “Refer a Friend” program, which allows an existing client to benefit from sharing the services of LexaTrade to friends and fellow traders.

Is Lexatrade a legal broker?

The support team is problem-solving and responds quickly, so the overall communication with the team was great. The broker makes available a selection of useful trading and learning tools and also offers a 24/7 customer support team to assist traders. There are multiple trading account options with a minimum deposit requirement of $250.

The broker doesn’t hide the fact that it’s trying to goad you into depositing more. LexaTrade customer support is very impressive as it offers full-time support with 24/7 operating hours. The broker can be reached through multiple channels, including phone line and email.

The strongest suit of LexaTrade is its quality services, which were noted multiple times by traders in LexaTrade broker reviews. The company has even developed its own platform to carry the brand and quality of services is lexatrade regulated expected of LexaTrade. Now we are going to know about LexaTrade’s accounts and how they shape a world-class broker.

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Its mission is to provide traders and investors with maximum security of their transactions on foreign exchange, cryptocurrencies, and stock markets. 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 https://traderoom.info/lexatrade-review-pros-cons-and-verdict/ it a spot in the top forex brokers in industry.

Thoughts on “LexaTrade: Getting into the Meat of an Honest Broker”

However, the broker has a low user rating, with mixed reviews as some complain about the platform while others appraise it. So, to help you out in deciding whether it’s a worthy broker, let’s take an in-depth look at the platform with our detailed LexaTrade review. LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability. The platform is designed to offer a convenient and user-friendly trading experience, with excellent terminals that make trading profitable while minimizing risks. With over 170 trading instruments, various tools, and timely risk management features, the platform ensures a high-quality trading experience overall.

There’s even an option to filter your search based on the type of asset you are currently forex uk interested in. During your registration, you are required to register one bank account in your name and link it to your LexaTrade account. Amassing more clients in the following years, LexaTrade extended its services to different jurisdictions across continents. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader.

Over time, it has grown and developed advanced trading solutions and a variety of financial instruments, becoming a well-known online brokerage brand. Just like every other broker, to unlock more sophisticated functionalities and features, clients have to opt for more expensive account types. The asset class is huge and regardless of the type you choose, it won’t be a herculean task to maintain a diversified portfolio as long as the risk management is present. Broker attracted me precisely with this – in all LexaTrade reviews, it is distinguished by reliability and honesty of the company.

• Your funds will return to the method of payment that you used to deposit money.
• On the other hand, the Web platform offered for the minimum account is quite enough for the average trader, so maybe that’s not a deal breaker.
• The commission is based on the size of the transaction and ranges from 0.005% to 0.015% for most instruments, while it is 0.5% for cryptocurrencies.

The company provides an opportunity to trade a wide range of financial assets. Each of them is tailored to the level of sophistication and requirements of the respective investor. The Start account is usually chosen by traders who are just learning to invest, want to learn from scratch the tools, strategies and operation of financial markets. Other options are ideal for advanced investors, in need of advanced analysis tools, expert help from analysts, greater leverage, and value payout speed. The LexaTrade Broker has standard service fees and also provides bonuses and promotions to customers.

As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows. Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest. Again, as we said earlier in our Lexatrade review, the broker doesn’t do anything that sets off alarms. It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need to tread carefully.