Given the nature of these sites, LexaTrade broker reviews and comments lodged through Social Media range from the uninformed to mere bias. Given platforms are simply a free-for-all, just about anyone, regardless of education and inclination, can post whatever their ill-conceived experiences allow them to. That is why, if you only choose the Forex broker, make your decision based only on verified official information. 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. That being said, caution should be used anytime money is involved, with all brokers, old or new.
Trading platforms offered by LexaTrade are MetaTrader4, XCritical Mobile app, and LexaTrade WebPlatform. Your financial security is of paramount importance to us, and we fervently endorse the exercise of due diligence and seeking professional guidance when making investment decisions. For us, the results of our students are super important, so every webinar will present case studies based on real-life situations! We make sure that for every 20% of theory our students are given 80% of practical examples that are bound to come in handy in real trading. Every single one of our instructors has gone from a beginner to a practicing trader. They know what sort of difficulties you may encounter and are only too happy to share their experience with you.
- XCritical’s trading platform quickly gained popularity thanks to its innovative features that expanded our traders’ capabilities.
- It is a brand name of Swissone Group Ltd. registered in Saint Vincent and the Grenadines.
- As I could have told early, this is how forex trading would have never gone….
- Knowing more about Lexatrade – its features, pros and cons, customer reviews, and legitimacy as a financial service provider by reading comprehensive LexaTrade rezension in general.
- It also guarantees the broker’s commitment to maintaining satisfactory dealing practices and keeping your money in secure and segregated accounts.
Identifying which reviews are true is also a skill that any aspiring trader must acquire. TrustPilot, one of the most reliable reviewers on the web, rates LexaTrade 4 out of 5 stars. Approximately 95% of all client reviews on this website are positive.
Commodities
We will feature some feedback and LexaTrade broker reviews of current clients to give us some first-hand experiences with the broker and how they feel toward their service provider. LexaTrade has often been found on the negative side of things when it comes to client reviews. Black propaganda such as scammed by LexaTrade against the broker being stirred by its competitors can be another possibility to take into account. Gaining more traders, LexaTrade expanded its services to different jurisdictions across continents. In 2019, LexaTrade amassed more than 2 million merchants worldwide. On its way to mainstream brokerage service, LexaTrade is starting to be a force to reckon with in terms of trading solutions.
CUSTOMER SUPPORT
Below are the most salient benefits LexaTrade offers to its users. For your convenient and effective trading, we have developed and implemented a new online platform. Use all the capabilities of the terminal and make profit with minimal risks. For our LexaTrade review, we have given an interview to Mark Nelson — a former trader that works with this brokerage service. To round up LexaTrade’s trading serviceability, a broker has a decent platform and trading instrument offerings despite having relatively higher spreads. Let us move on to another aspect of broker review by looking into the client feedback of LexaTrade.
What is LexaTrade and Can This Broker Be Trusted?
There is an account for a beginner, an intermediate, a professional, and an expert trader. A wide variety of options allows each trader to trade with ease and security. To ensure the security of their clients’ funds, LexaTrade implements strict payment procedures. The client’s depositing method must also be used when withdrawing funds to prevent financial theft. This is also a great security measure against online hackers who transfer client’s funds into their bank accounts and withdraw the money.
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. Deposits are processed immediately, ensuring that you have access to your funds whenever you need them for trading. However, withdrawals may take a bit longer, usually about 3-5 business days to process.
On top of these account types, a Demo Account is a good way for novice traders to test the trading environment and platforms of LexaTrade. It must be stressed that all LexaTrade reviews above were taken from existing, legitimate review sites. We listed lots of them not to confuse traders but to give a weighted and fair viewpoint on the brokerage. As this is the case, the traders are advised to take all claims quoted here with a grain of salt. Despite all reviews, it is strongly recommended to make decisions and build a strategy independently.
Trading conditions, if not the best, then some of the best, there have never been any hitches with execution, so that the connection disappears, too, is not seen. 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. Fill out the application form with your personal information, including your name, mobile number, email address, and a secure password. Lexatrade has launched a universal course for investors with any experience. Trading conditions, if not the best, then some of the best, there have never been any hitches with the execution, so that the connection disappears, too, is not seen.
They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero. Some are legitimate issues and concerns, while others were scammed by LexaTrade — false claims crafted by competing companies. There will always appear negative reviews about every broker, even the most trusted ones. This is a simple fact in the trading industry, where competition can sometimes be cutthroat.
Aside from throwing shades to the broker, some online client reviews also burst out that LexaTrade scammed them by not allowing them to withdraw their funds from their accounts. Albeit contrary to one client review above, this issue can be easily identified as a misinformed judgment on the client’s part. 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. Aside from throwing shades to broker, some online client reviews also burst out that LexaTrade scammed them by not allowing them to withdraw their funds from their accounts. Albeit contrary to one client review above, the issue can be easily identified as a misinformed judgment on the client’s part.
A mobile platform is available but Demo accounts are not; US traders are not accepted. The overall structure of the accounts at LexaTrade is too expensive in my opinion and putting a $10,000 barrier between the trader and MT4 means that the majority of clients will not use this platform. 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. 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 the MetaTrader4 and XCritical mobile app.
If, in general terms, the company works honestly, I would not say that there are some illegal actions. It is unnecessary to wait for some news, and the market is moving unpredictably. 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’s provision lexatrade login of these platforms allows for good options for transacting their trades. Even without LexaTrade’s proprietary platform, MT4 and xCritical platforms are enough to render good trading conditions to create strong investment portfolios. MetaQuotes’ flagship offer, MetaTrader 4 (MT4 platform), is simply one of the most efficient trading software available in the market.
According to documents on LexaTrade official site, it is an officially registered company. It operates under the Swissone Group Ltd., which is based within https://cryptolisting.org/ St. Vincent and the Grenadines. The financial work of the broker complies with the requirements of FMRRC (Financial Market Relations Regulation Center).
