Reviewing LexaTrade: Real Customer Feedback on a Forex Broker

It allows them the greatest reach, as the primary concern with the accounts is budget rather than trading style. That means the accounts suit most strategies, and as such, can attract diverse groups of traders. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.

  1. The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review.
  2. As automatic withdrawal was not active on my account I tried with withdrawal process to check how fast they complete the request but then I saw the real face of this platform.
  3. Withdrawal remains a standard priority, and webinars are free.
  4. Its portability allows clients to trade anytime and anywhere without hassle.

I consider LexaTrade a reliable and conscientious company. Forex Broker attracted me precisely with this – in all reviews about LexaTrade, it is distinguished by the reliability and honesty of the company. Of course, there are questions, but everything is successfully resolved after correspondence with tech support. This number allows you to choose the appropriate variant according to your professionalism, budget, and needs. You can find more detailed information on each account on the LexaTrade website, and in our review, we prepare a comparison table. Broker attracted me precisely with this – in all LexaTrade reviews, it is distinguished by reliability and honesty of the company.

The platform is somehow new in comparison to some reliable names dominating the forex industry. However, it garnered popularity among traders with its one-of-a-kind features and the services. Lexatrade has five different account types covering budget 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.

Have control over your money as we provide the favorable terms

We also ensure all reviews are published without moderation. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Up till now the didn’t pay, the keep pretending by calling. They are asking for my marriage certificate before the can pay. The said the can’t refund me without marriage certificate.

Market risks are one of the most important things that any trader must fully understand from the onset. 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. A client losing his funds from trading due to market circumstances is not a legitimate grounds to blame — LexaTrade cheating.

And if you’re already depositing that much, there are many brokers that do what Lexatrade does but better. 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. It’s a non-commercial organization that regulates about 60 brokerages.

How To Recover My Money From Forex Lexa Trade?

They can also set stop loss and take profit, track the movement of quotes, check forecasts for different instruments, and view their account balance. LexaTrade is licensed and regulated by the International Financial Market Relations Regulation Center (IFMRRC). 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 information on Forex-mag.com does not serve as an investment or trading recommendation. Aside from throwing shades to broker, some online client reviews also burst out that LexaTrade scammed them by not allowing them to withdraw their funds from their accounts. Albeit contrary to one client review above, the issue can be easily identified as a misinformed judgment on the client’s https://cryptolisting.org/ part. In one way or another, clients who were unable to withdraw their funds from their accounts might have violated some conditions and guidelines without them knowing it. Aside from Web platform, LexaTrade also offers another powerful XCritical trading platform. The XCritical mobile app has an intuitive and simple interface that easily helps traders navigate the platform.

How To Deposit Money In LexaTrade?

To get a better understanding of how brokers(both licensed and unlicensed) work, read our review on Fxcryptomine, FTG Markets, Capital GMA, Kiexo. After analyzing the detailed LexaTrade review, we can say the company is totally a scam. Yes, the broker offers trading services across the globe with a focus on countries like India, South Africa and most of Asian countries. On top of these account types, a Demo Account is a good way for novice traders to test the trading environment and platforms of LexaTrade. Its first year of operation revolved around managing cash transactions in real-time trading using PAMM accounts. It then enhanced its offered trading solutions and its trading assets and instruments in the following years and groomed itself to become an emerging online brokerage brand.

Lexatrade is a cheater’s platform

One of the best services provided by LexaTrade is its trading platform, which was developed to incorporate unique features of the broker better. But other than that, LexaTrade also offers the MetaTrader4 and XCritical mobile app. To ensure the security of their clients’ funds, LexaTrade implements strict payment procedures.

Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc. However, the broker has a low user rating, with mixed reviews as some complain about the platform while others appraise it. So, to help you out in deciding whether it’s a worthy broker, let’s take an in-depth look at the platform with our detailed LexaTrade review. LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability.

The platform also offers customizable charting, allowing users to tailor the charts based on different timeframes. A classic choice, particularly in Forex trading, the MT4 platform has garnered trust lexatrade reviews from seasoned traders ever since its launch in 2005. LexaTrade has gained recognition as a reputable multi-asset broker by providing quality services and financial instruments to its clients.

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