However, LexaTrade reviews found online do not always lean toward negative. There are also broker review sites that speak well about the broker. Most of these positive reviews describe bonuses and promos. These online venues are unfiltered and, at times, uninformed and misguided. Unsubstantiated LexaTrade reviews in social media cannot be grounds for an objective assessment of broker work.
Now we will delve deeper into the specifications of each account type and choose which is most fitting to each trader. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too. A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages. 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.
- Many have praised LexaTrade forex broker for its speed of providing services and giving more than what is expected of it.
- LexaTrade offers several trading instruments to choose from, with high leverage and low spreads for high liquidity and profits.
- It can be concluded that LexaTrade official site is a legitimate business entity and is a regulated broker.
- That isn’t an exact rule, but it’s something we’ve found to be true more often than not.
- The user-friendly UI of the platform helps both beginner and professional alike.
- LexaTrade’s MT4 Terminal is also a viable option for traders.
The deposits are processed instantly, while withdrawal may take up to 3-5 business days. The platform supports bank wire, credit /debit cards, Skrill, Neteller and OrangePay for both deposits and withdrawals. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types.
What Does the Service Offer?
One fact that’s relieving and concerning at the same time is the broker’s choice of the regulator. And if you’re unfamiliar with what IFMRRC is, we don’t blame you. Although we do daily broker reviews, we’ve never heard of it before. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge.
On the LexaTrade website you can find a Learning Center. It is divided into webinars, trading courses, and a reviewer/questionnaire. These materials gear towards beginning traders who are still in the process of acquiring decent knowledge about trading. On the other hand, reviewers and questionnaires are designed for beginners and professionals to refresh their acquired knowledge and ensure that they don’t forget anything.
Vault Markets
In the network, you can find a small number of negative reviews about the company LexaTrade scam. Users write that the company simply deceives users by taking money. It is also noted that it is impossible to contact the technical support service of this brokerage agency. These lexatrade review reviews about LexaTrade fraud also mention some problems with registration and lexatrade.com login. Possible, they are written by the competitors in order to spoil the company’s reputation. However, it is an offshore broker restricted to operating in the US and Europe.
LexaTrade Real Reviews: What the World Wide Web is Saying
While the first account is cheap, lexatrade.com also robbed it of most features. As such, we don’t think you can get a competitive trading service up until the $10,000 account at least. Lexatrade has five different account types covering budget and high-end options. The broker uses a tiered account progression where each type requires you to reach a specific threshold. The cheapest option is $250 while the most expensive is $100,000.
Reading this LexaTrade review permits interested traders and companies with the brokerage to gain a perspective of LexaTrade. It is possible that LexaTrade had been misunderstood and misrepresented in new media. At first, I liked that the broker has a wide choice of accounts and has educational material. Support desk doesn’t answer for a long time, and no one’s gonna pay me back.
Thoughts on “LexaTrade: Getting Into the Meat of an Honest Broker”
If this doesn’t work, traders can raise a complaint to IFMRRC, the regulatory watchdog of LexaTrade. The broker has a low user rating of 2.1, which clearly shows the platform’s low credibility. While looking for the platform on Trustpilot, we went through many complaints, which indicate LexaTrade is a scam. Furthermore, while there are some solid conditions, they all come with high price points. And if you’re already depositing that much, there are many brokers that do what Lexatrade does but better.
It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. It contains no legitimate grounds or even constructive criticism about brokers. It plainly claims that this broker is something else without any proof.
If you have falling victim of these fake platform do not hesitate to file a complaint to Marketeace. Net this company helped me and I believe she can help you too. Lexatrade.com has a rating of 2.38 stars from 34 reviews, indicating that most customers are generally dissatisfied with their purchases. Daily Market News are financial reports that thoroughly assess the impact of global events on the financial markets.
Thoughts on “LexaTrade: Getting into the Meat of an Honest Broker”
Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc. 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.
Who Is Lexatrade Owner?
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. Investing in indices such as NAS100, EUR50, JPN225, and USA30 provides several advantages to traders who are interested in index trading. Unfortunately, it’s not possible to leave a review here anymore because the company’s website has closed.
Information regarding a business’s commitment to promoting ethical trade throughout their supply chain will be shown here, if applicable. 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.
