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. In our review, we will answer the question of whether the LexaTrade scam or not.
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. LexaTrade official site provides a brief overview of every financial market, prioritizing currencies, commodities, and indices/shares. These are some of the most widely-traded markets by investors worldwide. LexaTrade ensures that their clients have sufficient knowledge about them before they begin trading.
There is also a certain affiliate program on the site, which helps customers to bring new users, promising them a bonus in return. But of course, with the online reviews altogether polarizing, how does one filter the truth from fabrication? Trading platforms offered by LexaTrade are MetaTrader4, XCritical Mobile app, and LexaTrade WebPlatform. Unfortunately LexaTrade lexatrade news doesn’t offer a lot of information about withdrawals but according to the website, a representative will contact you to complete the processing, which takes up to 24 working hours. The methods for deposit are Visa, CryptoWallet and e-Payouts and we assume the same methods will be used for withdrawals, although LexaTrade doesn’t mention this specifically.
The platform for trading gives an opportunity to carry out transactions in the Forex market. First you need to register on the platform, carefully filling out the forms with the personal data of the trader. At the end of registration, the requisites for making a deposit will be available. XCritical mobile app offers an easy-to-use interface, traders can access their trading account on the go, without any hassle.
- For example, you can invest in U.S. crude oil, Brent oil, spot gold, or silver.
- Webinars with experts, video lessons, and training materials have been selected and grouped according to the student’s level of competence.
- Platform has an easy-to-navigate interface and has a generous number of trading tools.
- We aren’t the biggest fan of the huge jumps between the sums you need for different account types.
- LexaTrade offers a variety of trading platforms according to the trader’s needs.
After a thorough review of the trading aspects of the broker, let us now conclude our assessment of the LexaTrade forex broker. After a lengthy and extensive probe into the services and LexaTrade Forex brokers reviews, let us sum up the advantages and disadvantages of LexaTrade as a broker. Aside from hefty welcome bonuses ranging from 30% to 120% of initial deposit, LexaTrade also gives a referral bonus. This is awarded to a trader who refers a friend to trade with broker.
I have been trading on the market for five years, of which almost two years on LexaTrade. If, in general terms, the company works honestly, I would not say that there are some illegal actions. It is unnecessary to wait for some news, and the market is moving unpredictably. However, LexaTrade reviews found online do not always lean toward negative. There are also broker review sites that speak well about the broker.
However, better options are present online, and it’s easy for most traders to switch. Furthermore, while there are some solid conditions, they all come with high price points. And if you’re already depositing that much, there are many brokers that do what Lexatrade does but better. Of course, the broker has options for downloadable terminals, web platforms, and mobile apps. The default proprietary platform is good enough, with an intuitive interface and a solid set of analytical features. As such, we can’t hold the deposit requirement for MT4 against the broker too much.
Lexatrade’s Trading Platform
However, that’s a minor complaint, as what you get for each account is actually pretty fair for the price point. One more significant concern is that the broker locks the MT4 platform behind the more expensive account types. As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows. Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest. Lexatrade has five different account types covering budget and high-end options.
How Real is Negative Feedback on LexaTrade?
Forex broker LexaTrade provides at least five necessary trading tools and research materials, the most important ones that either make or break a trade. Investors need these tools and materials every day since they hold key information about potential results of their executed trades. The strategy is easy to apply and effective enough in moments of calm behavior, but it can not be applied at the time of sharp market movements. Most transactions are made with the most popular currencies, such as US dollars, British pounds sterling, euro and yen. Lexatrade.com has a rating of 2.38 stars from 34 reviews, indicating that most customers are generally dissatisfied with their purchases.
LexaTrade platform contains more than 170 trading assets and tools to provide quality trading experience. Trading strategy is a certain type of behavior and a set of actions and tactical techniques that are performed by the trader in the event of a particular situation in the market. The strategy provides an opportunity to maximize profits and reduce possible risks. So, the strategy, using the information of technical analysis, “advises” when and which transaction to open, or, for example, to wait for a while before the onset of a better situation. We consider some of them, suitable for the work of novice traders.
How do I know I can trust these reviews about Lexatrade?
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. Some are legitimate issues and concerns, while others were scammed by LexaTrade — false claims crafted by competing companies. There will always appear negative reviews about every broker, even the most trusted ones.
But as we said, we don’t like paywalls for core features as a practice, although you may not mind them at all. Perhaps we’re being too harsh since if you know what you’re looking for, you’ll find it. However, for a newer trader, the website may look too daunting. We wouldn’t be surprised if entry-level traders couldn’t find their way around and simply decided to use another brokerage. There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website.
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It is not a major shortcoming, but it may, to some extent, discourage some users. 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 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.
A classic choice, particularly in Forex trading, the MT4 platform has garnered trust from seasoned traders ever since its launch in 2005. The broker doesn’t hide the fact that it’s trying to goad you into depositing more. Even the withdrawal speeds increase as you go up to the higher accounts. And without the broker specifying the times, who knows how long it might take for you to get your money.
Accusations of fraud and scam not only against LexaTrade but also with many brokers. It is commonplace to read comments on your favorite social https://cryptolisting.org/ media platform and web forum. This number allows you to choose the appropriate variant according to your professionalism, budget, and needs.