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. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. Being a global broker, LexaTrade has earned the praises of its clients and the ire of its detractors.
Trading with LexaTrade: Accounts, Bonuses, Honest Reviews
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. Given the nature of these sites, LexaTrade broker reviews and comments lodged through Social Media range from the uninformed to mere bias. Given platforms are simply a free-for-all, just about anyone, regardless of education and inclination, can post whatever their ill-conceived experiences allow them to. That is why, if you only choose the Forex broker, make your decision based only on verified official information. Live chat support was available at the time of our visit but a bit slow to answer.
Excellent trading partner
Gaining more traders, LexaTrade expanded its services to different jurisdictions across continents. In 2019, LexaTrade amassed more than 2 million merchants worldwide. On its way to mainstream brokerage service, LexaTrade is starting to be a force to reckon with in terms of trading solutions. And without the broker specifying the times, who knows how long it might take for you to get your money. That means the accounts suit most strategies, and as such, can attract diverse groups of traders. Most likely, these reviews were written by the company’s competitors.
Conclusion on LexaTrade Broker Work
The server operator Almina Corp as is not a registered broker, investment advisor or broker. The first LexaTrade review 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. These statements have no legitimate grounds and are clearly libelous. False statements like these are easy to create but have a dangerous impact on the broker’s reputation.
- The Web platform displays 170 trading instruments, charts, and order management tools to monitor trading positions and technical adviser Autochartist effectively.
- We will feature some feedback and LexaTrade broker reviews of current clients to give us some first-hand experiences with the broker and how they feel toward their service provider.
- As a result, I opened an account there, on which I have been trading for six months.
- Keep reading the LexaTrade rezension to know more about Forex broker, its services, and real reviews on work.
LexaTrade is a forex broker that offers services in currencies, cryptocurrencies, commodities, stock, and indices trading. It is a brand name of Swissone Group Ltd. registered in Saint Vincent and the Grenadines. Its multi-asset trading services have garnered the trust of its clients and has earned it a spot in the top forex brokers in industry. Its mission is to provide traders and investors with maximum security of their transactions on foreign exchange, cryptocurrencies, and stock markets.
LexaTrade Scam Indicators: Pros and Cons Recap
It must be stressed that all LexaTrade reviews above were taken from existing, legitimate review sites. We listed lots of them not to confuse traders but to give a weighted and fair viewpoint on the brokerage. As this is the case, the traders are advised to take all claims quoted here with a grain of salt.
Lexatrade has five different account types covering budget lexatrade 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. 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.
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. There are also other newbie-baiting features, such as the bonus that Lexatrade offers.
However, these shortcomings are way different from allegations of fraudulent acts and schemes. In terms of financial instruments, account type gives users access to forex, cryptocurrency, commodities, and limited stock assets. 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.
- LexaTrade offers trading instruments in stocks, shares, commodities, and foreign exchange markets.
- The representatives are adept at problem-solving, so the overall communication flow is great.
- While the platform appears well-structured on the surface, a closer examination reveals troubling details.
- It has an intuitive interface and highly-functioning terminals to make trading comfortable with minimal risks.
- In legitimate platforms, fees are typically clear and transparent from the beginning.
- This way, all traders can prepare their positions ahead of time.
We’ll see if the broker’s functional prowess ends up improving what we think. Perhaps we’re being too harsh since if you know what you’re looking for, you’ll find it. However, for a newer trader, the website may look too daunting.
It was curated specifically for advanced traders who invest both in short and long-term. After a thorough review of the trading aspects of the broker, let us now conclude our assessment of the LexaTrade forex broker. After a lengthy and extensive probe into the services and LexaTrade Forex brokers reviews, let us sum up the advantages and disadvantages of LexaTrade as a broker.
They also provide traders the optimal opportunity to learn the basics and complexities of trading through different educational resources. We aren’t the biggest fan of the huge jumps between the sums you need for different account types. However, that’s a minor complaint, as what you get for each account is actually pretty fair for the price point.
The strongest suit of LexaTrade is its quality services, which were noted multiple times by traders in LexaTrade broker reviews. The company has even developed its own platform to carry the brand and quality of services expected of LexaTrade. Now we are going to know about LexaTrade’s accounts and how they shape a world-class broker. With the surge of online trading platforms, the potential for scams has also grown, and LexaTrade has emerged as a broker raising serious concerns.
In our review, we will answer the question of whether the LexaTrade scam or not. It contains no legitimate grounds or even constructive criticism about brokers. It plainly claims that this broker is something else without any proof.
