Is LexaTrade a Scam? Read This Brutally Honest Review
As such, we don’t think you can get a competitive trading service up until the $10,000 account at least. 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. As such, our Lexatrade review isn’t off to the greatest start.
FINANCIAL EDUCATION FOR TRADERS
LexaTrade developed its own proprietary trading platform displaying a high-level of functionality, speed, and profitability. It has an intuitive interface and highly-functioning terminals to make trading comfortable with minimal risks. LexaTrade platform contains more than 170 trading assets and tools to provide quality trading experience. 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.
- You can communicate with people who trade on the LexaTrade platform or sign up for actual live LexaTrade accounts.
- It is a brand name of Swissone Group Ltd. registered in Saint Vincent and the Grenadines.
- It fully meets the expectations of even professional traders and is not inferior in functionality to popular MT4.
- As I could have told early, this is how forex trading would have never gone….
- They vary in features but are all promoting convenient and secure trading.
LexaTrade Web Platform
At our webinars, you get information directly from market professionals. You can watch the experts trade, get answers to your questions and comments on trading strategies. The most significant advantages of gold accounts are reduced spreads and the possibility of passive earnings. Dealing with an unregulated company like LexaTrade increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries..
MT4 platform is a classic choice, especially for Forex trading, and has been trusted by expert traders since it was released in 2005. One of the best services provided by LexaTrade is its trading platform, which was developed to incorporate unique features of the broker better. But other than that, LexaTrade also offers https://traderoom.info/lexatrade-review-pros-cons-and-verdict/ the MetaTrader4 and XCritical mobile app. LexaTrade imposes high-grade security measures across all its services.
False Claims: Analyzing Negative LexaTrade Forex Brokers Reviews
You can choose which assets to trade, including the biggest and most popular ones. For example, you can invest in U.S. crude oil, Brent oil, spot gold, or silver. LexaTrade also provides trading signals for each of your trades. This account is especially curated for professional traders trading in four financial markets. Commodities market is a great opportunity to diversify portfolios.
The financial work of the broker complies with the requirements of FMRRC (Financial Market Relations Regulation Center). 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.
This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. Of course, the broker has options for downloadable terminals, web platforms, and mobile apps. Cheapest and most expensive aren’t the most precise terms, as there’s no actual cost attached to the account. However, we can’t neglect the fact that $100,000 is a hefty sum and isn’t something anyone can reach. So there’s the argument that some regulation is better than none, and that does hold up.
Registration in offshore zones for some traders is a red flag. But then, it must be noted that the success of trades is not necessarily reliant on the type of broker that a trader enlists but on strategies that they employ. And for sharpening and improving strategies,the broker offers many possibilities and tools. Lexatrade has potential, but it also has a lot of things bogging it down and making numerous questionable decisions. The asset access is limited, your withdrawal requests are low priority, and the spreads are extremely high.
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.
Also, LexaTrade only partners with trusted international banking institutions when handling their corporate funds. The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year. But most importantly, these benefits are immediately laid out for new clients. One of the security measures that LexaTrade has imposed for the safety of its clients is strict payment procedures.