LexaTrade Review 2024: Is It A Scam? Unbiased Review

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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. A program entails any existing client receiving 50% of the deposited amount of any new trader they’ve successfully encouraged to sign up with LexaTrade. The amount that user will receive is entirely up to how much the new client has deposited. The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year.

Is LexaTrade a public company?

It is also seen as long-term investments because of its steady and highly-profitable trading. If the forex market is volatile, the commodities markets go through even higher levels of volatility, which means trades must be carefully decided upon. LexaTrade’s live support team is also available to help any client with it. Trading with LexaTrade lets you invest in globally-traded assets like U.S. oil, Brent, and spot gold.

What sectors and market segments does LexaTrade operate in?

The spreads vary on the account type and the  instrument traders trade in. 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. Real LexaTrade broker reviews can attest that company is worth trading with. LexaTrade offers a variety of trading platforms according to the trader’s needs.

LexaTrade Review: Available Leverage Ratio

The broker is unregulated and has a lot of disadvantages which overshadows its genuine features, such as high spread charges. The genuine  features of the platform that are worth considering include bonuses, advanced trading platforms and learning programs. A web-based proprietary platform that lets traders experience advanced trading. LexaTrade developed its own proprietary trading platform displaying a high-level of functionality, speed, and profitability.

Platform includes a customization feature that comes with listing charts and shifting time ranges. One of the security measures that LexaTrade has imposed for the safety of its clients is strict payment procedures. The broker only accepts one method in deposit and withdrawal processes to prevent theft. It only partners with trusted global banks in handling their clients’ funds in segregated accounts.

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. MtT4 platform is considered as the gold-standard for every other trading platform in the trading industry. 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.

The company charges a service charge of 5% if users make less than 5 independent transactions. The broker’s low user ratings of 2.1, which shows the platform’s low credibility. Rather than opting LexaTrade scam, we recommend you to incline towards a more trusted platform like InvestFW.

The information that these tools give are enough to forecast the probable results of each deal. If you’ve been following our detailed Lexatrade review 2023, you have likely noticed the platform has not much to offer to its users. Trading platforms offered by LexaTrade are MetaTrader4, XCritical Mobile app, and LexaTrade WebPlatform. Thus, LexaTrade guides investors before they start investing through their educational resources. Furthermore, while there are some solid conditions, they all come with high price points.

A web-based proprietary platform is offered by LexaTrade, such as MetaTrader4 and LexaTradeapp – xCritical Mobile App. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified. Information about withdrawals is missing and this should be addressed by LexaTrade. 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. LexaTrade customer support is very impressive as it offers full-time support with 24/7 operating hours.

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. 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. XCritical mobile app offers an easy-to-use interface, traders can access their trading account on the go, without any hassle. They can open positions, execute trades quickly, and monitor their account balance from anywhere, at any time.

According to LexaTrade official site, the broker provides up to five account types. They vary in features but are all promoting convenient and secure trading. The strongest suit of LexaTrade is its quality services, which were noted multiple times by traders in LexaTrade broker reviews.

Looking at reviews about LexaTrade on various websites shows that the broker is actually trusted and respected by its clients. Many have praised LexaTrade forex broker for its speed of providing services and giving more than what is expected of it. Below are only some of the LexaTrade broker reviews written by legitimate clients on the website of TrustPilot. 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.

An important task of the trader is to predict the movement of the market based on various types of market analysis. The basis for income in Forex is the accuracy of the forecast toward the fluctuations in exchange. 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.

The broker offers 5 primary account types, catering to the needs of every sort of trader. 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.

  1. LexaTrade has gained recognition as a reputable multi-asset broker by providing quality services and financial instruments to its clients.
  2. Overall this is a promising broker but a few tweaks here and there would make it a better one.
  3. Even the most reliable companies that have graced the top brokers’ list for many years have received negative feedback.
  4. It is regulated by the International Financial Market Relations Regulation Centre, making it a reliable broker in the forex market.

Whether a beginner or an experienced trader, the XCritical mobile app is a great way to enhance your trading experience. It is regulated by the International Financial Market Relations Regulation Centre, making it a reliable broker in the forex market. The broker offers different types of accounts to its clients for better trading experience.

But most importantly, these benefits are immediately laid out for new clients. 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. Lexatrade has five different account types covering budget and high-end options. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. A mobile platform is available but Demo accounts are not; US traders are not accepted.

It is definitely more expensive than the Silver Account, but quality always comes with a price. 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 lexatrade owner in. Along with the list of tradable stocks, LexaTrade also posts stocks’ previous revenue, forecasted price, and timeframe on when to trade it. Also keep in mind that the company is regulated (IFMRRC), which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all.

LexaTrade has gained recognition as a reputable multi-asset broker by providing quality services and financial instruments to its clients. That, along with the multiple phone lines, makes the broker easy to reach. A web-based proprietary platform is offered by LexaTrade, such as MetaTrader4 and LexaTrade app – xCritical Mobile App.

A critical aspect of any online trading platform is the transparency and efficiency of its deposit and withdrawal processes. LexaTrade appears to offer a straightforward deposit procedure, allowing users to fund their accounts through various methods. Numerous user complaints suggest delays, unexpected fees, and difficulties in accessing funds. This lack of transparency raises concerns about the reliability of LexaTrade.

They can also set stop loss and take profit, track the movement of quotes, check forecasts for different instruments, and view their account balance. 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.

Reviews like “LexaTrade cheating” or “LexaTrade scammer” are nothing short of slander that only benefit the competitor. Even legitimate clients cannot benefit from false claims as it gives https://turbo-tax.org/ them a distorted view of a broker’s reputation. Investing in indices such as NAS100, EUR50, JPN225, and USA30 provides several advantages to traders who are interested in index trading.

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