It permits them to trade safely with its technology without any need to download and install it on the trader’s PC or mobile device. Users advise LexaTrade to review their minimum deposits against the offers found in each of their trading accounts. LexaTrade offers competitive spreads, with forex pairs starting from around 1.5 pips. However, fees and spreads may vary depending on the account type and the asset being traded.
Lexatrade has launched a universal course for investors with any experience. Trading conditions, if not the best, then some of the best, there have never been any hitches with execution, so that the connection disappears, too, is not seen. LexaTrade fails to provide any information about its staff on its website and promise fake returns. These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform. Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds.
Inwestuj z najlepszym brokerem Forex & CFD LexaTrade
- As a relatively new broker, LexaTrade aims to build a reputation based on competitive pricing, high-quality customer service, and an intuitive user interface.
- On the LexaTrade website, everybody can have a personal profile.
- When an existing client successfully gets another trader to sign up to LexaTrade, clients are awarded up to 50% of the deposited amount of the new client.
- Some brokerage firms offer more assets than others, and that’s what makes them the preferred choice by traders.
We provide broker reviews and ratings to help users find a suitable broker according to their own needs. 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. MetaQuotes’ most in-demand trading platform, MetaTrader 4 (MT4) is simply one of the best trading software available in the market. MT4’s interface is intuitive and has a benevolent number of tools.
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LexaTrade wants to make sure their clients are knowledgeable about any trade before they begin. The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year. But most importantly, these benefits are immediately laid out for new clients. One of the security measures that LexaTrade has imposed for the safety of its clients is strict payment procedures. The broker only accepts one method in deposit and withdrawal processes to prevent theft. It only partners with trusted global banks in handling their clients’ funds in segregated accounts.
This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. It contains no legitimate grounds or even constructive criticism about brokers. It plainly claims that this broker is something else without any proof.
Overview of LexaTrade Accounts and Fee Structures
- The readers are only given an idea of what the online trading community thinks of a LexaTrade broker.
- 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.
- Forex Broker attracted me precisely with this – in all reviews about LexaTrade, it is distinguished by the reliability and honesty of the company.
- The remaining few were negative ones with an obvious goal, which is smearing LexaTrade’s reputation.
It also includes the date when the forecasted value is expected to happen so traders can prepare. Scammers employ persuasive tactics to convince you to make an initial minimum deposit. They entice with promises of doubling the deposit within 24 hours and similar claims.
xCritical Platform
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. The broker is headquartered in Saint Vincent and the Grenadines, a popular domicile to offshore brokers (since most brokers based in Saint Vincent and the Grenadines are unregulated brokers). 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.
Fees and Spreads
Browsing broker’s official site, Lexatarde asserted the legality of its business operation and its regulatory compliance with the International Financial Market Relations Regulation Center (IFMRRC). 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. 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.
Webinars with experts, video lessons, and training materials have been selected and grouped according to the student’s level of competence. With these in mind, the allegations that someone was scammed by LexaTrade are seen as baseless and may simply be seen as the traders’ ignorance of how trading actually works. This platform has a clear interface and simple navigation. It fully meets the expectations of even professional traders and is not inferior in functionality to popular MT4. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker.
One of the first things traders look for when choosing a broker is regulation and security. Regulation ensures that the broker adheres to strict financial rules and guidelines, which ultimately protects traders’ funds and personal information. There are 170 trading instruments on the platform, among them the most popular stocks and indices, precious metals and energy products. After defining your working portfolio, you can add favorite tools to your favorites, where a convenient working system was specially designed for users of the platform.
You should consider whether you understand the risks involved. One of the primary concerns with LexaTrade is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. While regulation alone does not determine a scam, it is an essential factor to consider. Dealing with an unregulated company like LexaTrade increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries..
The client’s depositing method must also be used when withdrawing funds to prevent financial theft. This is also lexatrade 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. Furthermore, the jurisdiction of Saint Vincent and the Grenadines does not mandate specific licensing for firms offering forex or derivatives trading. Independent reviews confirm that LexaTrade lacks supervision by any state-backed authority, exposing client funds to counterparty risk without legal recourse through a guarantor or compensation fund.
I learned about it much earlier, but I came across negative info. I read in comments on one forum the information «LexaTrade scammers», fraud, etc. 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.
What to Expect from LexaTrade Review
Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Verification can help ensure real people are writing the reviews you read on Trustpilot. Trading conditions, if not the best, then some of the best, there have never been any hitches with the execution, so that connection disappears, too, is not seen. There is a slight glide, but I didn’t notice a serious one; on EUR / USD, there can be a glide of a maximum of 1-2 pips and then on serious news.
The provision of these platforms by the brokerage are seen as lucrative measures for each trader who chooses to open a live account with a broker. Even in case of LexaTrade’s proprietary platform absence, MT4 and the xCritical Platform are already enough to turn any trading endeavour into a profitable activity. Looking at reviews about LexaTrade on various websites shows that the broker is actually trusted and respected by its clients. Many have praised LexaTrade forex broker for its speed of providing services and giving more than what is expected of it.