LexaTrade Review: Avoid This Scam Forex Broker
This is due to the fact that both professional and beginning traders can execute their own trading styles on the MetaTrader platform. This broker offers its own online proprietary platform called LexaTrade web platform, an intuitive and sophisticated platform that incorporates the broker’s own unique features in trading. Commodities are viewed as steady, long-term, highly profitable investments. Commodities being long-term investments means that they must be carefully decided. Broker LexaTrade ensures that its 24-hour client service team provides the best support to traders. Trading in commodities markets subjects you to high volatility, an excellent investment opportunity.
Silver Account
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 is a reliable broker that provides exceptional speed, functionality, and profitability. The platform is designed to offer a convenient and user-friendly trading experience, with excellent terminals that make trading profitable while minimizing risks.
Overview of LexaTrade Accounts and Fee Structures
Using a platinum account from LexaTrade, you can enjoy a 2-hour account analysis per week. One of the most popular bonuses it offers is the Refer a Friend program. When an existing client successfully gets another trader to sign up to LexaTrade, clients are awarded up to 50% of the deposited amount of the new client. Any existing trader can sign up to participate in the program and receive incredible bonuses. Overall, LexaTrade is committed to providing exceptional speed, functionality, and profitability to ensure a convenient and user-friendly trading experience for all its users. Thus, LexaTrade guides investors before they start investing through their educational resources.
LexaTrade Broker: Is It a Scam or Good Forex Broker?
That being said, they are very new at the time of this review, so there is time for improvement. This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice. Wondering whether Lexatrade scammers or not, let’s analyze its services and development level. When it comes to platforms, broker LexaTrade ensures clients enough options to choose from.
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). These reviews deserve attention along with negative ones of LexaTrade lie. Trading platforms offered by LexaTrade are MetaTrader4, XCritical Mobile app, and LexaTrade WebPlatform. For us, the results of our students are super important, so every webinar will present case studies based on real-life situations! We make sure that for every 20% of theory our students are given 80% of practical examples that are bound to come in handy in real trading.
Here you can train as a beginner and sharpen your strategies if you are an experienced Forex trader. Discover even more profit opportunities using the technical adviser Autochartist, which is now built into the platform. Use the most effective methods of technical analysis and make profitable trading decisions! Autochartist will save your time and select the right entry points to the market, as well as give a clear analysis of the expected goals.
Investing in indices such as NAS100, EUR50, JPN225, and USA30 provides several advantages to traders who are interested in index trading. Its fraude company consists of lots of incompetent employees in India who always make you invest with a false commitment and later they denied to keep their promises. They never give you money back by making you fool showing some policies.All contact numbers in their web sites are incorrect so that whenever you want to contact them they will not be available. Even i have raised my concerns in their portals but no actions were taken.
- With their 24-hour client service team, you can get the support you need whenever you need it.
- Every single one of our instructors has gone from a beginner to a practicing trader.
- My advice is that everyone need to be careful of the platform you deal with.
- The phrase you could lose more money than you began with is embedded in every risk disclaimer, and every trader should be aware of this before trading.
Also, https://traderoom.info/ only partners with trusted international banking institutions when handling their corporate funds. 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.
It encourages its traders to participate in a program to maximize gains. https://traderoom.info/lexatrade-review-pros-cons-and-verdict/ lists the world’s biggest stocks, previous revenue, and forecasts. It also includes the date when the forecasted value is expected to happen so traders can prepare. The broker offers a wide range of incentives, welcome bonuses, promotions, etc.
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. 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. I learned about the company much earlier, but I came across a network about the negative about it.
Now we are going to know about LexaTrade’s accounts and how they shape a world-class broker. LexaTrade offers a good range of trading tools and materials that aid users in everyday trading. These tools allow them to spot market opportunities, assess their risk/reward profiles, and use complex strategies to make profitable trades. Below are some of the trading tools and research materials offered by LexaTrade.