LexaTrade is a Forex and CFD broker that offers to trade in currencies, indices, and commodities. The parent company of LexaTrade is Swissone Group Ltd, located in St. Vincent and the Grenadines. Many brokers have more than one authority to supervise them, but some brokers do not have any. You should avoid such brokers, as they are a threat to your money.
Thus, a new trader without any experience must have a critical assessment of the information. Before starting a collaboration with any broker company, it is necessary to estimate all pros and contras, all possible drawbacks and benefits. It is useful to read the users’ feedback, but we should remember that sometimes positive and negative reviews can be ordered in advance.
Many clients have expressed how LexaTrade has helped them build their trading careers and increase their profits. LexaTrade Forex brokers reviews are all over the Internet as proof of broker’s reliability and professionalism. Commodities are viewed as steady, long-term, highly profitable investments. Commodities being long-term investments means that they must be carefully decided. Broker LexaTrade ensures that its 24-hour client service team provides the best support to traders. Trading in commodities markets subjects you to high volatility, an excellent investment opportunity.
One fact that’s relieving and concerning at the same time is the broker’s choice of the regulator. And if you’re unfamiliar with what IFMRRC is, we don’t https://cryptolisting.org/ blame you. Although we do daily broker reviews, we’ve never heard of it before. Our mission is to assist millions of traders in finding the best broker.
The minimum deposit at LexaTrade is $250m whereas its competitors offer account opening at $0. I have uploaded some moeny and post that they have locked my amount and i am nither withdraw nor able to trade. They are asking more money to upload to enable my account and not returning the amount that i have already uploaded. The methods for deposit are Visa, CryptoWallet and e-Payouts and we assume the same methods will be used for withdrawals, although LexaTrade doesn’t mention this specifically. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the stuffy interface of Meta Trader.
- A wide variety of options allows each trader to trade with ease and security.
- It also does not hurt to talk to more experienced traders who have already had a real experience of interacting with the chosen firm.
- Accusations of fraud and scam not only against LexaTrade but also with many brokers.
The fact of the matter is, going to sites like Facebook will only prove to be one frustrating affair. Accusations of fraud and scam not only against LexaTrade but also with many brokers. It is commonplace to read comments on your favorite social media platform and web forum. It fully meets the expectations of even professional traders and is not inferior in functionality to popular MT4.
It offers a Start account, Silver account, Gold account, Platinum account, and VIP account. It can be concluded that LexaTrade official site is a legitimate business entity and is a regulated broker. Yet, questions remain whether this regulatory affiliation is strong enough to set aside fears of losing trading funds of clients in the event of insolvency. Fortunately, IFMRRC features a Compensation Fund scheme to be observed by all its 49 regulated brokers, including LexaTrade.
How To Open An LexaTrade Account?
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. They can also set stop loss and lexatrade review take profit, track the movement of quotes, check forecasts for different instruments, and view their account balance. However, it is an offshore broker restricted to operating in the US and Europe. The deposits are processed instantly, while withdrawal may take up to 3-5 business days.
What Trading Platforms Are Available On LexaTrade?
We’re nearly certain the broker made the accounts just to seem more open. However, better options are present online, and it’s easy for most traders to switch. The setup itself is tried and true and is one of the most common ways for brokers to structure their accounts. It allows them the greatest reach, as the primary concern with the accounts is budget rather than trading style. That means the accounts suit most strategies, and as such, can attract diverse groups of traders.
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For us, the elephant in the room when visiting lexatrade.com is how clunky the language is there. It seems like the website wasn’t designed in English, but rather translated from another language. We know some brokers like to take that approach, and it usually works moderately well. However, the translation itself is shoddy, so the website ends up looking unprofessional.
Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc. 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.
Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. LexaTrade is a multi-asset broker whose wide range of services and financial instruments established its reputation. It is a trading brand of Swissone Group Ltd. based in Saint Vincent and Grenadines. 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. The company charges a service charge of 5% if users make less than 5 independent transactions.
LexaTrade forex broker will give you a 70% welcome bonus and medium priority for withdrawals if you choose a gold account. The Reporting Season is the most profitable period in financial markets, and LexaTrade makes it a point to highlight this. It encourages its traders to participate in a program to maximize gains. LexaTrade lists the world’s biggest stocks, previous revenue, and forecasts. It also includes the date when the forecasted value is expected to happen so traders can prepare.
The Web platform displays 170 trading instruments, charts, and order management tools to monitor trading positions and technical adviser Autochartist effectively. LexaTrade provides a Web platform armed with a wide range of tools, risk-management features, and best trading solutions. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I like that they provide a wide range of instruments for trading in Forex. As soon as something new appears in the market, they immediately add it to their platform.