LexaTrade’s provision of these platforms allows for good options for transacting their trades. Even without LexaTrade’s proprietary platform, MT4 and xCritical platforms are enough to render good trading conditions to create strong investment portfolios. Overall, LexaTrade is committed to providing exceptional speed, functionality, and profitability to ensure a convenient and user-friendly trading experience for all its users. The broker doesn’t hide the fact that it’s trying to goad you into depositing more. Even the withdrawal speeds increase as you go up to the higher accounts.
Editor’s Note: Why LexaTrade Doesn’t Suck in 50 Words
It is commonplace to read comments on your favorite social media platform and web forum. 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’s Trading Platform
Reading this LexaTrade review permits interested traders and companies with the brokerage to gain a perspective of LexaTrade. If it had not been made clear yet, believing the tags such as “LexaTrade courses scam” and “LexaTrade cheating” is simply oversimplifying one’s understanding of how brokering works. It is possible that LexaTrade had been misunderstood and misrepresented in new media. Most likely, these reviews were written by the company’s competitors. LexaTrade review on the site ends with a section with links to the company’s documentation.
LexaTrade: Broker Social Media Reviews
Clients are encouraged to participate in an event, and LexaTrade provides a list of the best stocks to invest in. Along with the list of tradable stocks, LexaTrade also posts stocks’ previous revenue, forecasted price, and timeframe on when to trade it. This way, all traders can prepare their positions ahead of time.
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. LexaTrade offers several trading instruments to choose from, with high leverage and low spreads for high liquidity and profits.
The broker even partners with reliable and trusted international banking institutions while steering their corporate funds. That, along with the multiple phone lines, makes the broker easy to reach. The representatives are adept at problem-solving, so the overall communication flow is great. The default lexatrade proprietary platform is good enough, with an intuitive interface and a solid set of analytical features. As such, we can’t hold the deposit requirement for MT4 against the broker too much. But as we said, we don’t like paywalls for core features as a practice, although you may not mind them at all.
The cheapest option is $250 while the most expensive is $100,000. Overall this is a promising broker but a few tweaks here and there would make it a better one. That being said, they are very new at the time of this review, so there is time for improvement. Also keep in mind that the company is regulated (IFMRRC), which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all.
- Also keep in mind that the company is regulated (IFMRRC), which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all.
- That being said, caution should be used anytime money is involved, with all brokers, old or new.
- It doesn’t do anything to stand out, and the vast majority of traders can easily find an option that’s both more comfortable and more powerful.
- However, withdrawals may take a bit longer, usually about 3-5 business days to process.
- LexaTrade is a forex broker that offers services in currencies, cryptocurrencies, commodities, stock, and indices trading.
Registration in offshore zones for some traders is a red flag. But then, it must be noted that the success of trades is not necessarily reliant on the type of broker that a trader enlists but on strategies that they employ. And for sharpening and improving strategies,the broker offers many possibilities and tools. Here you can train as a beginner and sharpen your strategies if you are an experienced Forex trader.
Collaboration of LexaTtrade with social networks proves that the company is reliable and tries to save trader’s money. Some negative reviews exist, but they are likely to be ordered by competitors because there aren’t any photos. On the LexaTrade website, everybody can have a personal profile.
If the forex market is volatile, the commodities markets go through even higher levels of volatility, which means trades must be carefully decided upon. LexaTrade’s live support team is also available to help any client with it. Trading with LexaTrade lets you invest in globally-traded assets like U.S. oil, Brent, and spot gold.
You can communicate with people who trade on the LexaTrade platform or sign up for actual live LexaTrade accounts. According to documents on LexaTrade official site, it is an officially registered company. It operates under the Swissone Group Ltd., which is based within St. Vincent and the Grenadines. The financial work of the broker complies with the requirements of FMRRC (Financial Market Relations Regulation Center).
This regulatory body is one of the most trusted in the world, meaning earning a regulatory status from an organization guarantees the safety and reliability of a broker.
But most importantly, these benefits are immediately laid out for new clients. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader.
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. MtT4 platform is considered as the gold-standard for every other trading platform in the trading industry. It was developed by MetaQuotes and launched to the public in 2005. The MT4 performs as a classic choice in trading currencies and CFDs because of its user-friendly interface, speed of execution, and high-grade terminal work.
That being said, caution should be used anytime money is involved, with all brokers, old or new. However, https://turbo-tax.org/ reviews found online do not always lean toward negative. There are also broker review sites that speak well about the broker. These online venues are unfiltered and, at times, uninformed and misguided.
The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. A mobile platform is available but Demo accounts are not; US traders are not accepted. Look at one more LexaTrade forex brokers review by Phillip from the UK. Trading is a very high-risk job, which rests entirely on the trader. If you are a beginner or your strategy is not precise, there is a high probability of loss, and it is not the broker’s fault. Traders who have reached this state have more points, trade without restrictions on the number of transactions, have access to funds, and have the opportunity to defer payment.
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.
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. Looking at reviews about LexaTrade on various websites shows that the broker is actually trusted and respected by its clients. Many have praised LexaTrade forex broker for its speed of providing services and giving more than what is expected of it.
Below are only some of the LexaTrade broker reviews written by legitimate clients on the website of TrustPilot. 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. Despite all reviews, it is strongly recommended to make decisions and build a strategy independently. At first, I liked that the broker has a wide choice of accounts and has educational material.