Let us move on to another aspect of broker review by looking into the client feedback of LexaTrade. A range of account types welcomes traders of all backgrounds and skill levels in LexaTrade. It offers a Start account, Silver account, Gold account, Platinum account, and VIP account.

Thoughts on “Forex Broker LexaTrade Review”

In legitimate platforms, fees are typically clear and transparent from the beginning. LexaTrade’s hidden and restrictive charges are additional indicators of potentially unethical practices. 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. Every single one of our instructors has gone from a beginner to a practicing trader.

Financial Instruments

This is also a great security measure against online hackers who transfer client’s funds into their bank accounts and withdraw the money. Also, LexaTrade only partners with trusted international banking institutions when handling their corporate funds. LexaTrade is a multi-asset broker whose wide range of services and financial instruments established its reputation. It is a trading brand of Swissone Group Ltd. based in Saint Vincent and Grenadines. LexaTrade positions itself as an online platform designed for cryptocurrency trading and investment.

• One of the most crucial elements of a broker’s legitimacy is its regulatory status.
• 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 funding options are limited to the following – VISA/Mastercard, cryptocurrency, Skrill, Neteller, and Arangepay.
• One of the security measures that LexaTrade has imposed for the safety of its clients is strict payment procedures.

The Welcome Benefits of Trading with LexaTrade

The Web platform displays 170 trading instruments, charts, and order management tools to monitor trading positions and technical adviser Autochartist effectively. The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website lexatrade shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. Several red flags have emerged from user experiences that cast doubt on LexaTrade’s legitimacy, making it essential to understand these warning signs before investing any money.

It ensures clients’ protection from cyber theft and market risks because they are very common in trading. Clients have also praised its safety and convenience, among all other qualities. LexaTrade has certainly made it big in the trading industry, so let’s find out what makes it a cut above the rest. No reputable trading platform can promise consistent gains without acknowledging the inherent risks. Claims like these are often a hallmark of fraudulent schemes aiming to exploit inexperienced investors. Legitimate platforms emphasize market volatility and encourage informed decision-making.

Accounts

Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks. LexaTrade developed its own proprietary trading platform displaying a high-level of functionality, speed, and profitability. It has an intuitive interface and highly-functioning terminals to make trading comfortable with minimal risks.

TrustPilot, one of the most reliable reviewers on the web, rates LexaTrade 4 out of 5 stars. Approximately 95% of all client reviews on this website are positive. The remaining few were negative ones with an obvious goal, which is smearing LexaTrade’s reputation. Other negative reviews listed on TrustPilot also detailed circumstances that unfortunately happen in markets but do not fall under broker’s control.

• In our review, we will answer the question of whether the LexaTrade scam or not.
• LexaTrade claims to offer 24/5 support via live chat, email, and phone.
• LexaTrade offers several trading platforms to cater to different types of traders, from beginners to advanced users.
• By the end of this review, you should have a clear understanding of whether LexaTrade is the right choice for your trading needs.
• Gaining more traders, LexaTrade expanded its services to different jurisdictions across continents.
• In comments on one forum, I read the information that «LexaTrade courses scam,» fraud, etc.

LexaTrade has proven that it belongs on the list of top forex brokers in the trading industry and meets users expectations. 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. LexaTrade markets itself as a broker suitable for both beginner and experienced traders.

LexaTrade offers several trading platforms to cater to different types of traders, from beginners to advanced users. The platforms are designed to be accessible, intuitive, and feature-rich. Knowing which markets and assets you can trade is an integral part of choosing a broker. Some brokerage firms offer more assets than others, and that’s what makes them the preferred choice by traders. On the other hand, trading tools and research materials are all important helpers in assessing positions and executing trades. The information that these tools give are enough to forecast the probable results of each deal.

LexaTrade does not hold licenses from any of the major authorities that typically oversee brokers. It does not appear on the registers of the United Kingdom’s Financial Conduct Authority, the Australian Securities and Investments Commission, the Cyprus Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission, or equivalent bodies in other jurisdictions. As such, it operates without statutory oversight or approval from these entities.

LexaTrade: Broker Social Media Reviews

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. 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. I learned about the company much earlier, but I came across a network about the negative about it.