The platform supports bank wire, credit /debit cards, Skrill, Neteller and OrangePay for both deposits and withdrawals. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. Haven’t had withdrawal yet but based on observation, brokers are skilled and easy to deal with. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back. The case with its funding is much of the same, as there are some things that look good.
The broker provides a decent and fair set of trading conditions coupled with some advanced trading tools and platforms. They also provide traders the optimal opportunity to learn the basics and complexities of trading through different educational resources. Our review will provide a rundown of Lexatrade’s trading service features, conditions, and other important aspects of its brokerage service. The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year. But most importantly, these benefits are immediately laid out for new clients. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client.
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. LexaTrade’s offering of the MT4 comes in a web version and it is compatible with any browser. Platform includes a customization feature that comes with listing charts and shifting time ranges. For starters, LexaTrade has a “Refer a Friend” program, which allows an existing client to benefit from sharing the services of LexaTrade to friends and fellow traders.
- LexaTrade customer support is very impressive as it offers full-time support with 24/7 operating hours.
- So, investment in creating its platform demonstrates broker development and rejects that LexaTrade scam.
- These online venues are unfiltered and, at times, uninformed and misguided.
- As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows.
A mobile platform is available but Demo accounts are not; US traders are not accepted. 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. 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. I learned about the company much earlier, but I came across a network about the negative about it.
As we are wrapping this in-depth LexaTrade review, the only thing I would say is to avoid this platform. The broker is unregulated and has a lot of disadvantages which overshadows its genuine features, such as high spread charges. 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. This broker offers a balanced mix of functionality and user-friendliness. And besides, if you really want to do advanced technical analysis, LexaTrade offers Meta Trader 4 so you can have the best of both worlds.
Forex Cards: Usage and Benefits
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. This is why aside from MetaTrader4 and XCritical, they’ve also developed a platform to embody important qualities and characteristics. One of the best services provided by LexaTrade is its trading platform, which was developed to incorporate unique features of the broker better.
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A program entails any existing client receiving 50% of the deposited amount of any new trader they’ve successfully encouraged to sign up with LexaTrade. The amount that user will receive is entirely up to how much the new client has deposited. There is a tremendous risk on any transactions interested traders may
conclude with the brokerage and we deeply recommend they look elsewhere for
viable trading option. Licensing is another important part because we can trust a
regulated broker to some extent not to do anything fraudulent.
Should I Open An Account With LexaTrade?
Lexatrade.com has a rating of 2.38 stars from 34 reviews, indicating that most customers are generally dissatisfied with their purchases. Cheapest and most expensive aren’t the most precise terms, as there’s no actual cost attached to the account. However, we can’t neglect the fact that $100,000 is a hefty sum and isn’t something anyone can reach. IFMRRC stands for International Financial Market Relations Regulation Center.
Thoughts on “LexaTrade: Getting Into the Meat of an Honest Broker”
Below are only some of the LexaTrade broker reviews written by legitimate clients on the website of TrustPilot. Commodities market is a great opportunity to diversify portfolios. It is also seen as long-term investments because of its steady and highly-profitable trading.
Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. Of course, broker appearance is nearly entirely irrelevant, but our point is that Lexatrade looks like something hastily put together. All in all, in terms of legality, we did not find any grave concerns.
LexaTrade Trading Platforms
It displays high functionality, great customer service, convenience, availability, and dedication to clients. It improves its services based on what its clients ask for to work on the market, and this has earned the trust of traders everywhere. Real LexaTrade broker reviews can attest that company is worth trading with. Also lexatrade https://cryptolisting.org/ review trustpilot , lexatrade wikipedia are also showing bad numbers. LexaTrade’s MT4 web terminal is a highly secure and reliable trading platform, incorporating advanced technology and offering a seamless trading experience. It is compatible with all major web browsers and enables traders to execute various types of transactions.
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. The trader can contact LexaTrade customer care to recover their money. If this doesn’t work, traders can raise a complaint to IFMRRC, the regulatory watchdog of LexaTrade.
LexaTrade’s funding options are limited to the following – VISA/Mastercard, cryptocurrency, Skrill, Neteller, and Arangepay. A 5% additional commission is charged for clients conducting less than 5 independent transactions. 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. We wouldn’t recommend using this forex brokerage, they do
not impress us with the vague information they have provided. In this portion of the review, we aim to explore the account
types a broker might have. We check the account with its corresponding deposit