Lexatrade Reviews Read Customer Service Reviews of lexatrade com 2 of 4

lexatrade review

LexaTrade offers tight spreads which ensures competitive trading costs. It lowers risk diversification as well by investing in the basket of different stocks of various companies and sectors. Investing in commodities can be a great way to diversify your portfolio and achieve long-term gains.

Silver Account

However, LexaTrade forex broker’s official site claims that the brand is owned and operated by Swissone Group Ltd. Along with the broker’s regulatory background, this broker review will also rundown key advantages and features of LexaTrade. Additionally, it will provide LexaTrade reviews from LexaTrade clients to help you picture out the broker’s overall service. Every broker has received negative feedback from customers, critics, and even the general trading industry was accused of cheating.

lexatrade review

LexaTrade Review 2024: Is It A Scam Or Legit Broker? Unbiased Review

lexatrade review

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. This is to provide the necessary time for necessary transaction procedures. LexaTrade has gained recognition as a reputable multi-asset broker by providing quality services and financial instruments to its clients. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities.

Fund and Account Security

lexatrade review

Real LexaTrade broker reviews can attest that company is worth trading with. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. The broker doesn’t hide the fact that it’s trying to goad you into depositing more.

Is LexaTrade a regulated authority?

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. This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250. This broker offers a balanced mix of functionality and user-friendliness. And besides, if you really want to do advanced technical analysis, LexaTrade offers Meta Trader 4 so you can have the best of both worlds. However, LexaTrade reviews found online do not always lean toward negative.

What is Lexatrade Company?

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.

Platinum Account

The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. A mobile platform is available but Demo accounts are not; US traders are not accepted. Engaging in foreign exchange trading entails inherent risks.

  1. The information that these tools give are enough to forecast the probable results of each deal.
  2. Some brokerage firms offer more assets than others, and that’s what makes them the preferred choice by traders.
  3. 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.
  4. Explore alternative software options that can fulfill similar requirements as LexaTrade.
  5. Even u get profit, they won’t allow you for withdraw.

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.

I found this disturbing and wanted out but they made it difficult. However, ReimBurse SoluTions Protection helped get my money out successfully. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. SoftwareSuggest offers verified & unbiased user reviews based on user ratings and feedback. Our ratings and reports do not contain any paid placements. Additionally, the lack of detailed information about the company’s headquarters and the year of establishment is troubling.

This feature provides 100% insurance on the deposit amount. The promotion is applicable for deposit amounts ranging from $500 to $5,000. The insurance covers upto 100% of total loss on all trades opened on the deposit day. We are here to conduct a comprehensive evaluation of LexaTrade’s offers and services for the most in-depth and unbiased verdict. Amassing more clients in the following years, LexaTrade extended its services to different jurisdictions across continents. In 2019, LexaTrade reached more than 2 million merchants worldwide.

However, it holds a licence from the International Financial Market Relations Regulation Center. Despite this, it’s miles an off-shore broker limited to function within the US and Europe. “If, in general terms, the company works honestly, and I would not say that there are some illegal actions. It is not necessary to wait for some news, and the market is moving unpredictably. The first https://forexbroker-listing.com/ is found on TrustPilot’s page and the other one is written on LexaTrade’s Facebook page. Both statements did not detail Urbanek’s issues with the broker, and only proceeded to create false statements about it.

The platform also offers customizable charting, allowing users to tailor the charts based on different timeframes. A classic choice, particularly in Forex trading, the MT4 platform has garnered trust from seasoned traders ever since its launch in 2005. Live chat support was available at the time of our visit but a bit slow to answer. The lexatrade 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.

If you are a beginner or your strategy is not precise, there is a high probability of loss, and it is not the broker’s fault. 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. When researching an online broker, the first and most important step should always be to find out if they have a regulatory license from a financial institution.

The platform allows traders to access all popular commodities worldwide. However, much information regarding the same is unavailable on its website. MtT4 platform is considered as the gold-standard for every other trading platform in the trading industry.

The case with its funding is much of the same, as there are some things that look good. For starters, there’s the fact that the cheapest account doesn’t require a huge deposit. One of the security measures that LexaTrade has imposed for the safety of its clients is strict payment procedures. The broker only accepts one method in deposit and withdrawal processes to prevent theft. It only partners with trusted global banks in handling their clients’ funds in segregated accounts. They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero.