It is regulated by the International Financial Market Relations Regulation Centre, making it a reliable broker in the forex market. The minimum deposit is generally asked in very small amounts by legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. The usual amount asked by legitimate brokers lies in the range of $5 to $10. If the broker asks for an amount more than the average, chance of a scam. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge. It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable.
It opened just earlier this year and has attracted a good bit of attention as such. In our Lexatrade review, we’ll look at how beneficial it is for customers compared to other options. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates.
- It is praised for various reasons–from trading platforms to payment methods and its profitability.
- I have uploaded some moeny and post that they have locked my amount and i am nither withdraw nor able to trade.
- Apexchargeback,c 0m needed to be involve and retrieve my assets back.
- According to LexaTrade rezension, it supports four financial markets.
- Remember, the most trustworthy oasis is the one you build yourself, brick by brick, on a foundation of informed decisions and your own trading wisdom.
It offers a Start account, Silver account, Gold account, Platinum account, and VIP account. Lastly, LexaTrade highlights the markets’ Reporting Season, which is the most profitable period of the year in trading. 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. It is divided into webinars, trading courses, and a reviewer/questionnaire.
Forex Cards: Usage and Benefits
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. LexaTrade customer support is very impressive as it offers full-time support with 24/7 operating hours. The broker can be reached through multiple channels, including phone line and email. The support team is problem-solving and responds quickly, so the overall communication with the team was great.
LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165. https://cryptolisting.org/ Trading accounts offered by LexaTrade are categorized into different types of traders. They were set specifically for catering to beginners, intermediate, professional, advanced, and expert traders. According to LexaTrade official site, the broker provides up to five account types.
A fundamental examination can go far in securing you and your accounts. Managing financial firms approved or enrolled by legal authorities gives you more prominent assurance assuming things turn out badly. Check out the list of scam brokers 2022 to prevent yourself from getting scammed. Lexatrade.com seems to be unregulated as it doesn’t hold a license from any regulatory body. A trader, before investing, should research about the broker’s regulation and license.
Is LexaTrade a Scam? Read This Brutally Honest Review
As such, we don’t think you can get a competitive trading service up until the $10,000 account at least. Again, as we said earlier in our Lexatrade review, the broker doesn’t do anything that sets off alarms. LexaTrade broker’s platform comes with high speed, functionality, profitability. It is a convenient platform that has a user-friendly interface and great terminals, making way for profitable trading with minimal risks.
The readers are only given an idea of what the online trading community thinks of a LexaTrade broker. However, LexaTrade 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. Unsubstantiated LexaTrade reviews in social media cannot be grounds for an objective assessment of broker work. Keep reading the LexaTrade rezension to know more about Forex broker, its services, and real reviews on work.
Live chat support was available at the time of our visit but a bit slow to answer. On the other hand, the Web platform offered for the minimum account is lexatrade scam quite enough for the average trader, so maybe that’s not a deal breaker. While the first account is cheap, lexatrade.com also robbed it of most features.
While there are also legitimate negative reviews about other brokers, it is important to discern which ones are legitimate and are coming from actual clients. The trading industry is a tight, competitive area where brokers fight against one another. Identifying which reviews are true is also a skill that any aspiring trader must acquire. Many fraud forex brokers or other scam brokers are working under fake organization names or other deceitful activities.
All account types offered by LexaTrade support the use of expert advisors (EAs), automated trading systems commonly used in the Forex market. There are also other newbie-baiting features, such as the bonus that Lexatrade offers. LexaTrade has proven that it belongs on the list of top forex brokers in the trading industry and meets users expectations.
LexaTrade Real Reviews: What the World Wide Web is Saying
This enables safe trading using modern technologies and does not require downloading and installing platform software. MT4 Terminal is compatible with any desktop computer and operating system. It has listing charts for changing time ranges and combines many commercial operations. Gaining more traders, LexaTrade expanded its services to different jurisdictions across continents. In 2019, LexaTrade amassed more than 2 million merchants worldwide.
We assist customers with documenting the case against trick representatives. With insightful reports and direction, we can help recover your assets. If you have been drawn nearer by a trick firm, then, at that point, contact Brokers Complaint to get fund recovery. And stay alert, scammers like lexa trade are present here too, misguiding the public. As we navigate the treacherous terrain of the Forex market, trust is the compass that guides us towards safe harbors. In this quest, LexaTrade emerges as a rising star, its alluring promises captivating the hearts of many a trader.
Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too. The information on Forex-mag.com does not serve as an investment or trading recommendation. Altogether, it’s just a middle-of-the-pack broker, and there are a ton of similar companies out there. It doesn’t do anything to stand out, and the vast majority of traders can easily find an option that’s both more lexatrade comfortable and more powerful. Lexatrade has potential, but it also has a lot of things bogging it down and making numerous questionable decisions.
It is important that they know about these scams and tries to find the sources. However, are you going to get your money back, yes with GLOBAL TRADE RECOVERY COMPANY you can get back all your lost money and its 100% guaranteed. To round up LexaTrade’s trading serviceability, a broker has a decent platform and trading instrument offerings despite having relatively higher spreads. Let us move on to another aspect of broker review by looking into the client feedback of LexaTrade.