LexaTrade Review 2024: Is It A Scam? Unbiased Review

LexaTrade has often been found on the wrong end of maligning client reviews. However, it is crucial to note that not all client reviews came from the real clients of the broker. 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.

Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest. Yes, the broker offers trading services across the globe with a focus on countries like India, South Africa and most of Asian countries. The platform supports  bank wire, credit /debit cards, Skrill, Neteller and OrangePay for both deposits and withdrawals. LexaTrade offers several trading instruments to choose from, with high leverage and low spreads for high liquidity and profits. Lexatrade ensures high-grade security measures for all the services it provides, to secure client’s funds. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge.

Its portability allows clients to trade anytime and anywhere without hassle. You can open positions, check your account, execute trades without delay. Using XCritical mobile app, you can set stop loss, take profit levels, track the movement of various assets’ quotes, know currency forecasts, and check your account balance at any time. 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.

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. XCritical mobile app offers an easy-to-use interface, traders can access their trading account on the go, without any hassle. They can open positions, execute trades quickly, and monitor their account balance from anywhere, at any time.

  1. It also guarantees the broker’s commitment to maintaining satisfactory dealing practices and keeping your money in secure and segregated accounts.
  2. The platform is somehow new in comparison to some reliable names dominating the forex industry.
  3. Albeit contrary to one client review above, this issue can be easily identified as a misinformed judgment on the client’s part.
  4. Any existing trader can sign up to participate in the program and receive incredible bonuses.
  5. LexaTrade ensures that their clients have sufficient knowledge about them before they begin trading.
  6. Wondering whether Lexatrade scammers or not, let’s analyze its services and development level.

The available Indexes and stocks include Dow Jones, S & P 500, Nasdaq 100, FTSE 50 China, and AEX 25.

Trade245

LexaTrade has gained recognition as a reputable multi-asset broker by providing quality services and financial instruments to its clients. Just like any broker, LexaTrade flaunts a set of advantages to fish investors in the sea of online financial investment. LexaTrade BackgroundLexaTrade started its operation by just how genuine is lexatrade managing cash transactions in real-time trading using PAMM accounts. 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.

The trading industry is a tight, competitive area where brokers fight against one another. Identifying which reviews are true is also a skill that any aspiring trader must acquire. LexaTrade’s MT4 web terminal is a safe, secure trading platform that uses advanced technology and high-quality terminal work.

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. There are also other newbie-baiting features, such as the bonus that Lexatrade offers. A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages. That’s especially true if the bonus goes as high as it does at lexatrade.com.

Forex Cards: Usage and Benefits

So, investment in creating its platform demonstrates broker development and rejects that LexaTrade scam. You also have free access to paid webinars, a once-a-week communication with a VIP analyst, full-time stock trading, special offers, and a customized portfolio for the earnings season. This account is especially curated for professional traders trading in four financial markets. As stated above, the LexaTrade website offers five account types to their clients. Thanks to several such options, the broker easily monitors the demographic situation among traders and their needs. Now we will delve deeper into the specifications of each account type and choose which is most fitting to each trader.

Customer Service at Lexatrade

It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable. Of course, we cannot vouch for the https://cryptolisting.org/ accuracy of the signals but it’s a nice addition. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities.

What Trading Accounts Are Available At LexaTrade?

Our mission is to assist millions of traders in finding the best broker. We unbiasedly review every broker and rank them based on their market standing, regulation, and other factors. Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice. However, it is an offshore broker restricted to operating in the US and Europe.

Is LexaTrade a regulated authority?

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. The broker is regulated, but not efficiently by a tier 1 regulation, so clients should be careful while investing with the broker.

After analyzing the detailed LexaTrade review, we can say the company is totally a scam. 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. Our in-depth and unbiased reviews help investors in choosing the best broker according to their investing needs. Trading platforms offered by LexaTrade are MetaTrader4, XCritical Mobile app, and LexaTrade WebPlatform.

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