Of course, broker appearance is nearly entirely irrelevant, but our point is that Lexatrade looks like something hastily put together. All in all, in terms of legality, we did not find any grave concerns. Nonetheless, if you are just starting out, then take it slow and invest only the kind of amount you are comfortable losing. Risk appetite is different from person to person which is why talking with a financial planner is always a good thing before jumping on to any conclusions. The parent organization is registered in Saint Vincent and the Grenadines. Practically speaking, they are not regulated, but over the years the kind of reputation they have earned tells us a lot about them.
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. This way, all traders can prepare their positions ahead of time. The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year.
In order to attract more traders on the platform, LexaTrade often starts promotions. The bonuses and the promotion programs look generous. There is not a single complaint regarding the same, so, we can rate it good in this case. The platform allows traders to access all popular commodities worldwide. However, much information regarding the same is unavailable on its website. If you’ve been following our detailed Lexatrade review 2023, you have likely noticed the platform has not much to offer to its users.
The broker set up strict payment procedures for the safety of the trader’s funds and to prevent financial theft. The broker even partners with reliable and trusted international banking institutions while https://cryptolisting.org/ steering their corporate funds. The trader can contact LexaTrade customer care to recover their money. If this doesn’t work, traders can raise a complaint to IFMRRC, the regulatory watchdog of LexaTrade.
MT4 is one the world’s most famous and reliable trading platforms for Forex. The user-friendly UI of the platform helps both beginner and professional alike. Trading accounts offered by LexaTrade are categorized into different types of traders.
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. Every broker has received negative feedback from customers, critics, and even the general trading industry was accused of cheating. It is a common thing in industries where services are the main product of companies.
- Then he learned from a friend working with this company that all this is complete nonsense.
- We find here a lot of training materials and an up-to-date database of statistics.
- As this is the case, the traders are advised to take all claims quoted here with a grain of salt.
- Gaining more traders, LexaTrade expanded its services to different jurisdictions across continents.
- They were set specifically for catering to beginners, intermediate, professional, advanced, and expert traders.
Traders can also easily track the movement of market prices and get timely feeds of current forex forecasts through the functionality of XCritical mobile apps. Since the functions of the platform are separated, traders can also open and close transactions without delay and set Stop Loss and Take Profit quickly. The mobile app also provides brokers with the current account balance to easily check and replenish it when needed. The charges are higher compared to the platform we have reviewed so far.
LexaTrade Trading Conditions: Instruments and Tools
Apexchargeback,c 0m needed to be involve and retrieve my assets back. This experience has eroded my trust in Lexatrade’s reliability, leaving me frustrated and questioning their legitimacy. Potential users beware; the withdrawal problems overshadow any potential benefits this platform may offer. These reviews prove that clients widely trust LexaTrade. It is praised for various reasons–from trading platforms to payment methods and its profitability.
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. Of course, the broker has options for downloadable terminals, web platforms, and mobile apps. As such, the broker covers all three important fronts. So there’s the argument that some regulation is better than none, and that does hold up. But there’s also the fact that while it’s better than nothing, it’s not a significant improvement.
Lexatrade Review – Is it good, or is it a scam?
On the other hand, the majority of traders don’t need Expert Advisors, scripts and the stuffy interface of Meta Trader. 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. LexaTrade offers trading instruments in stocks, shares, commodities, and foreign exchange markets. Currently, the broker has over 200 trading instruments offered to its traders. After deposite minimum amount $250 they start some deals and shows some profit. As automatic withdrawal was not active on my account I tried with withdrawal process to check how fast they complete the request but then I saw the real face of this platform.
LexaTrade Review: Customer Support
This is a Scam firm.They are scammers and they building up with gullible people’s money. They will never allow you to withdraw after payments. You’re kindly advised not to fall for their useless tricks and fake brits accents. The account officer in charge claimed that he has being busy for over one month now. I borrowed this money and am paying the interest on weekly basis. They refused to teach me how to trade for more than one month that I made the deposit.
How To Open An LexaTrade Account?
It’s time-tested and sustainable and you can get started right now. Once you’ve acquired the required knowledge, you can work from home and set your own hours, and eventually get rid of the dreaded 9-5. For 90% of people, however, affiliate marketing is the model I recommend. This is where affiliate marketing easily beats most of the other models out there. One more thing, I found out that brokers registered in offshore countries such as the Marshall Islands or Saint Vincent and The Grenadines, and this threatens me.
Platinum Account
The same applies to customers who do not make at least 4 transactions within a month. Of course, all details and fees are contained in the terms and conditions on the LexaTrade website. Investors also often wonder how to get your money back from LexaTrade in case lexatrade reviews the trade ended not in our mind? When deciding to invest in the financial market, we need to be aware of the risks they are in. This applies primarily to novice traders who do not have experience, are guided by emotions, fear, bravado, and not knowledge.