On the other hand, reviewers and questionnaires are designed for beginners and professionals to refresh their acquired knowledge and ensure that they don’t forget anything. All materials are available after registration, so you can ensure that reviews like “LexaTrade courses scam” are not true. LexaTrade is a multi-asset lexatrade review 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.
Friendly customer care
- After few weeks i got call & said we will recover all you money & for that they give me some credits & with help of that credits my ac agind reach to $1800.
- LexaTrade’s MT4 Terminal is also a viable option for traders.
- Trading platform works stably, occurs smoothly and quickly.
- Trading carries a high level of risk and may not be suitable for all investors.
In our review, we will answer the question of whether the LexaTrade scam or not. I have been trading on the market for 5 years, of which almost 2 years on LexaTrade. All of our reviews are based on research carried out by professionals. Using a platinum account from LexaTrade, you can enjoy a 2-hour account analysis per week.
Financial Markets Supported by LexaTrade
We know some brokers like to take that approach, and it usually works moderately well. However, the translation itself is shoddy, so the website ends up looking unprofessional. There is also a certain affiliate program on the site, which helps customers to bring new users, promising them a bonus in return. You can communicate with people who trade on the LexaTrade platform or sign up for actual live LexaTrade accounts. LexaTrade provides a mulitlingual customer support 24/7 to deal with all queries via live chat, email and telephone.
Broker LexaTrade ensures that its 24-hour client service team provides the best support to traders. Trading in commodities markets subjects you to high volatility, an excellent investment opportunity. You can choose which assets to trade, including the biggest and most popular ones.
Lexatrade’s Trading Platform
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading. 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.
Reviews
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. LexaTrade provides a Web platform armed with a wide range of tools, risk-management features, and best trading solutions.
While not necessarily a red flag, this is completely inconvenient and taxing. To serve the cause of fairness, the reviews last segment will quote both positive and negative ones, that were gathered from various trusted brokerage review sites. What the reading of review ultimately provides its readers is a fair assessment and perspective of LexaTrade.
Its mission is to provide traders and investors with maximum security of their transactions on foreign exchange, cryptocurrencies, and stock markets. 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. It is equipped with over 170 trading instruments, various tools, and timely risk management that provide a quality trading experience overall. So, investment in creating its platform demonstrates broker development and rejects that LexaTrade scam.
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. Everyone should understand how to distinguish a good broker from those that are often considered scammers and why forex is a scam. We present your user reviews according to the rating of a broker.
However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. The account structure is straightforward, but the high minimum deposits for premium accounts may deter small-scale traders. Additionally, spreads on lower-tier accounts are uncompetitive compared to industry standards. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
Then he learned from a friend trading with a LexaTrade broker that all prosecutions are complete nonsense. As a result, I opened an account there, on which I have been trading for six months. Trading platform works stably, occurs smoothly and quickly.
It’s a non-commercial organization that regulates about 60 brokerages. However, it’s apparent that it’s much less limiting than even the more lenient country-based regulators. Unfortunately, when a broker looks like it’s a rushed project, it’s often a scam. That isn’t an exact rule, but it’s something we’ve found to be true more often than not. For us, the elephant in the room when visiting lexatrade.com is how clunky the language is there. It seems like the website wasn’t designed in English, but rather translated from another language.
- It contains no legitimate grounds or even constructive criticism about brokers.
- In our review, we will answer the question of whether the LexaTrade scam or not.
- The amount that user will receive is entirely up to how much the new client has deposited.
- The same goes for visuals, as the various elements are glaringly mismatched.
- LexaTrade imposes high-grade security measures across all its services.
Trading Platforms & Tools
The trader can find permits on the websites of such authorities. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients. In terms of financial instruments, account type gives users access to forex, cryptocurrency, commodities, and limited stock assets. Lastly, reduced spreads can be accessed using this account. LexaTrade offers trading instruments in stocks, shares, commodities, and foreign exchange markets. Currently, the broker has over 200 trading instruments offered to its traders.
You can find more detailed information on each account on the LexaTrade website, and in our review, we prepare a comparison table. If, in general terms, the company works honestly, and I would not find any illegal actions. Each broker must have regulations for each country where it offers trading. Lexatrade broker offers trading worldwide but doesn’t have all the licenses to do so. We had thought it best to quote them directly here for the readers to see. Trading is a high-risking activity, and each trader decides himself how to interpret information.
It is a common thing in industries where services are the main product of companies. Even the most reliable companies that have graced the top brokers’ list for many years have received negative feedback. 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.