Lexatrade Review Is it good, or is it a scam?

However, it does enable people to trade the international markets from any device with an active internet connection. Charting is also adequate and a lot of trading tools are available right on the homepage itself. Simply put, clients do not have to visit any other website and switch tabs to get the latest updates. Integration https://cryptolisting.org/blog/what-is-function-of-expense-method of news is a great thing and for people that trade during news events, this is going to be a huge deal. Unfortunately, things like investor compensation funds and segregated bank accounts are not present. If this doesn’t work, traders can raise a complaint to IFMRRC, the regulatory watchdog of LexaTrade.

• The minimum deposit at LexaTrade is $250m whereas its competitors offer account opening at $0.
• LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability.
• That being said, they are very new at the time of this review, so there is time for improvement.
• After analyzing the detailed LexaTrade review, we can say the company is totally a scam.

This includes video courses and E-books, similarly the questionnaire section offers the questions related to customer’s feedback on the platform. 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. Lexatrade ensures high-grade security measures for all the services it provides, to secure client’s funds. 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.

LEXATRADE REVIEW

The broker also provides different trading assets for higher liquidity with high leverage and low spreads. 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. Whether a beginner or an experienced trader, the XCritical mobile app is a great way to enhance your trading experience.

• It lowers risk diversification as well by investing in the basket of different stocks of various companies and sectors.
• However, withdrawals may take a bit longer, usually about 3-5 business days to process.
• The enhanced account offering helps traders to trade efficiently and thus improves their trading game.

The commission is based on the size of the transaction and ranges from 0.005% to 0.015% for most instruments, while it is 0.5% for cryptocurrencies. We are back with our unbiased review of LexaTrade, an online trading broker company. “If, in general terms, the company works honestly, and I would not say that there are some illegal actions. Lexatrade reviews Nowadays, it is second nature to an investor to choose an officially regulated broker with a decent regulatory history.

Just click on the button below to get in touch with an expert or use our online chat (it’s better to use it if you lost more than $5000). Bonus amounts are great when it comes to enhancing your capital, but for the best experience, it should be used with caution. 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.

HOW TO OPEN AN ACCOUNT ON LEXATRADE?

Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. Yes, the broker offers trading services across the globe with a focus on countries like India, South Africa and most of Asian countries. 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 set up strict payment procedures for the safety of the trader’s funds and to prevent financial theft. The broker even partners with reliable and trusted international banking institutions while steering their corporate funds.

Fund and Account Security

LexaTrade ensures that all client funds are kept in a segregated account from the company’s funds. 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. Thus, LexaTrade guides investors before they start investing through their educational resources. Fill out the application form with your personal information, including your name, mobile number, email address, and a secure password.

Accounts

Rather than opting LexaTrade scam, we recommend you to incline towards a more trusted platform like InvestFW. Investing in indices such as NAS100, EUR50, JPN225, and USA30 provides several advantages to traders who are interested in index trading. Investing in commodities can be a great way to diversify your portfolio and achieve long-term gains. It’s important to carefully consider options before making any investments, and LexaTrade is a trusted broker that can help you navigate this process. With their 24-hour client service team, you can get the support you need whenever you need it. Unfortunately, when a broker looks like it’s a rushed project, it’s often a scam.

Who Is Lexatrade Owner?

The broker’s offer does actually seem decent enough, but the presentation isn’t up to par. We’ll see if the broker’s functional prowess ends up improving what we think. The company charges a service charge of 5% if users make less than 5 independent transactions. In order to attract more traders on the platform, LexaTrade often starts promotions. There is not a single complaint regarding the same, so, we can rate it good in this case. The broker’s low user ratings of 2.1, which shows the platform’s low credibility.

It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need to tread carefully. One fact that’s relieving and concerning at the same time is the broker’s choice of the regulator. LexaTrade learning is an interactive educational feature that aims to help novice traders to understand and learn about the market. Yes, LexaTrade is a scam broker as it is not regulated by any top tier regulatory watchdog. However, it holds a licence from the International Financial Market Relations Regulation Center.

Hence, it is of primary importance for a forex broker to assert its legitimacy through its regulatory certifications. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker. The broker offers 5 primary account types, catering to the needs of every sort of trader. The minimum deposit at LexaTrade is $250m whereas its competitors offer account opening at $0. It is regulated by the International Financial Market Relations Regulation Centre, making it a reliable broker in the forex market. The broker offers different types of accounts to its clients for better trading experience.