The charges are higher compared to the platform we have reviewed so far. The spreads vary on the account type and the instrument traders trade in. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back. 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. When it comes to accounts, LexaTrade provides all possible options for each client to find what they need.
- It also does not hurt to talk to more experienced traders who have already had a real experience of interacting with the chosen firm.
- LexaTrade offers tight spreads which ensures competitive trading costs.
- LexaTrade’s live support team is also available to help any client with it.
Risk appetite is different from person to person which is why talking with a financial planner is always a good thing before jumping on to any conclusions. The parent organization is registered in Saint Vincent and the Grenadines. Practically speaking, they are not regulated, but over the years the kind of reputation they have earned tells us a lot about them. As you can see, the company has done everything to make trading available from anywhere. We have noted that the platforms have all the features required, including tools, signals, charts, etc. Moreover, when you bump into many scams and start thinking, “Oh, why forex is a scam?
Fund and Account Security
If you’ve been following our detailed Lexatrade review 2023, you have likely noticed the platform has not much to offer to its users. The broker’s low user ratings of 2.1, which shows the platform’s low credibility. Rather than opting LexaTrade scam, we recommend you to incline towards a more trusted platform like InvestFW. Lexatrade offers full-time support with 24/7 operating hours. That, along with the multiple phone lines, makes the broker easy to reach.
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. Real LexaTrade broker reviews can attest that company is worth trading with. LexaTrade broker’s platform comes with high speed, functionality, profitability. It is a convenient platform that has a user-friendly interface and great terminals, making way for profitable trading with minimal risks. It is equipped with over 170 trading instruments, various tools, and timely risk management that provide a quality trading experience overall. So, investment in creating its platform demonstrates broker development and rejects that LexaTrade scam.
How To Deposit Money In LexaTrade?
The information on Forex-mag.com does not serve as an investment or trading recommendation. These clients are proof enough that LexaTrade is far from what others think about the broker and its services. However, these shortcomings are way different from allegations of fraudulent acts and schemes. Its first year of operation revolved around managing cash transactions in real-time trading using PAMM accounts.
LexaTrade Review: Promotions, Bonuses & Offers
Today we are going to do a LexaTrade review and see whether this is another scam or truly a legit broker. I consider LexaTrade a reliable and conscientious company. Broker attracted me precisely with this – in all LexaTrade reviews, it is distinguished by reliability and honesty of the company. Of course there are questions, but after correspondence with tech support everything is successfully resolved.
There are also other newbie-baiting features, such as the bonus that Lexatrade offers. LexaTrade offers a variety of trading platforms according to the trader’s needs. The enhanced account offering helps traders to trade efficiently and thus improves their trading game.
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. Also, LexaTrade only partners with trusted international banking institutions when handling their corporate funds. Our review will provide a rundown of Lexatrade’s trading service features, conditions, and other important aspects of its brokerage service. The platform also offers customizable charting, allowing users to tailor the charts based on different timeframes.
Min Deposit
Now that we have reviewed the most important points about LexaTrade, we can come up with a verdict. According to all the information that we have gathered, this is a legit broker. LexaTrade does not lie to its customers with lexatrade review the prices; everything is transparent and can be checked. This does not really influence the trading process, but it would be nice if these issues were solved. It would make the service more attractive for all users.
The account offering is appreciable but lacks at some points. The minimum deposit at LexaTrade is $250m whereas its competitors offer account opening at $0. Even for the higher accounts, the spreads are wider than those from other brokerages that require similar price points. As we said earlier in our Lexatrade review, it offers a competitive trading experience, but it gets overshadowed by better companies. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction.
Furthemore, you also get worse treatment than the guys who put more money into their Lexatrade wallets. There are also indices, stock and commodities, but you’ll have to unlock them first. This restrictive policy is extended to other things also – the better parts of the broker are reserved for the more well-off customers.
The broker is regulated, but not efficiently by a tier 1 regulation, so clients should be careful while investing with the broker. Even Though the regulation of brokers is not refined, the reviews of the broker online are satisfactory. The broker also provides different trading assets for higher liquidity with high leverage and low spreads. 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.
On the LexaTrade website, everybody can have a personal profile. Also, some other people can act through your LexaTrade login. I have been working with LexaTrade broker for six months now. I learned about the company much earlier, but I came across a network about the negative about it. In comments on one forum, I read the information that «LexaTrade courses scam,» fraud, etc. Then he learned from a friend working with this company that all this is complete nonsense.
The promised quick and seamless withdrawals are a farce, I almost gave up as weeks pass without any progress. Apexchargeback,c 0m needed to be involve and retrieve my assets back. This experience has eroded my trust in Lexatrade’s reliability, leaving me frustrated and questioning their legitimacy. Potential users beware; the withdrawal problems overshadow any potential benefits this platform may offer. These reviews prove that clients widely trust LexaTrade.