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. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client.
Other Trading Features & Tools
However, fees and spreads may vary depending on the account type and the asset being traded. The spread on major currency pairs such as EUR/USD is relatively low, but the spread may widen for less liquid assets. In terms of security, LexaTrade uses SSL encryption to protect sensitive data, which is standard for most brokers. This encryption ensures that your personal and financial information remains private when making deposits, withdrawals, or logging into the trading platform. As a relatively new broker, LexaTrade aims to build a reputation based on competitive pricing, high-quality customer service, and an intuitive user interface.
Thoughts on “LexaTrade: Dispelling Libel Against an Honest Broker”
It is not necessary to wait for some news, and the market is moving unpredictably. LexaTrade has often been found on the negative side of things when it comes to client reviews. However, it is crucial to note that not all client reviews came from the real clients of the broker. Black propaganda such as scammed by LexaTrade against the broker being stirred by its competitors can be another possibility to take into account. To sign up for any of the above-mentioned account types, all you have to do is simply fill in an online registration form available on its Lexatrade website.
Red Flags Indicating Potential Scam Activity
Let us move on to another aspect of broker review by looking into the client feedback of LexaTrade. 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 time ranges and combines many commercial operations. LexaTrade’s MT4 Terminal is also a viable option for traders.
User Feedback and Complaints
This regulatory body is one of the most trusted in the world, meaning earning a regulatory status from an organization guarantees the safety and reliability of a broker. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors. You should consider whether you understand the risks involved. While some users praise the educational tools and platform usability, these positive experiences are overshadowed by the negative feedback. The data contained in this website may not be real-time and accurate.
LexaTrade provides access to popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. 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. Fraude No 1I got call form them give commitmant for giving good profit.i opened ac & deposite $250 money after that 2 to 3 months i haven’t received any call or follow up. But after 3 months i got call & give some call tips and make good profit of around $850. I refused to do it and request to give me withdral but he denied.
There is a substitution of data in order to make operations unprofitable. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165. The information on Forex-mag.com does not serve as an investment or trading recommendation.
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Company provides a brief overview of each market and a short list of assets, which clients can trade. LexaTrade wants to make sure their clients are knowledgeable about any trade before they begin. This mid-tier account type is LexaTrade’s most recommended. It comes with unique perks that will be very useful to professional traders.
- In one way or another, clients who were unable to withdraw their funds from their accounts might have violated some conditions and guidelines without them knowing it.
- It is compatible with any browser and can combine various commercial operations.
- Trading is a very high-risk job, which rests entirely on the trader.
- XCritical is lesser known to traders than MT4, but this does not make it inferior in providing quality services.
It also includes the date when the forecasted value is expected to happen so traders can prepare. 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.
And now let’s look at how scammers act, they are also called kitchens. As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. LexaTrade’s live chat through its trading platform is complemented with other social media platforms, including Skype and email, as additional means of communication. Aside from hefty welcome bonuses ranging from 30% to 120% of initial deposit, LexaTrade also gives a referral bonus.
- Being a global broker, LexaTrade has earned the praises of its clients and the ire of its detractors.
- So, investment in creating its platform demonstrates broker development and rejects that LexaTrade scam.
- The platform is designed to offer a convenient and user-friendly trading experience, with excellent terminals that make trading profitable while minimizing risks.
- However, as with any trading platform, potential traders must carefully evaluate the features, fees, and overall trading experience before committing real funds.
There is a slight glide, but I didn’t notice a serious one, on EUR / USD there can be a glide of a maximum of 1-2 pips and then on serious news. Now we are going to deal with reviews gathered across the worldwide web. The review site, “The Forex Review”, is the site that has been able to give many details. While the founding year had not been revealed, the site did say that the broker is a business entity under the Swissone Group Ltd., which operates within St. Vincent and the Grenadines. Getting the pulse of a brokerage’s legitimacy is served well by the immediate disclosure of its primary details. Many people have complained that LexaTrade has locked or stolen their funds.
LexaTrade ensures that all client funds are kept in a segregated account from the company’s funds. The links that were included in the quoted testimonies will direct the readers to actual existing, live, and legitimate sites. We had ensured a pointed evaluation through its employ of all functions of the LexaTrade official site. Having lexatrade review said this, the LexaTrade user and the reader of review are recommended to practice greater regard on research and due diligence. Such can be observed through actual conversations through the forums or actual face-to-face communication.
It is compatible with any browser and can combine various commercial operations. It also provides listing charts that can be customized according to shifting time ranges. MT4 platform is a classic choice, especially for Forex trading, and has been trusted by expert traders since it was released in 2005.
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.
We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks. LexaTrade offers competitive spreads, with forex pairs starting from around 1.5 pips.