All we could find is that withdrawal processing takes up to 24 business hours and that a representative will contact the client in order to complete the processing of the withdrawal. Also keep in mind that the company is regulated (IFMRRC), which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all. That being said, caution should be used anytime money is involved, with all brokers, old or new. MtT4 platform is considered as the gold-standard for every other trading platform in the trading industry. 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.
- Fill out the application form with your personal information, including your name, mobile number, email address, and a secure password.
- As we are wrapping this in-depth LexaTrade review, the only thing I would say is to avoid this platform.
- 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.
- Trading is protected and dependable with the right broker and a nightmare with a scam broker.
- We aren’t the biggest fan of the huge jumps between the sums you need for different account types.
According to LexaTrade official site, the broker provides up to five account types. They vary in features but are all promoting convenient and secure trading. LexaTrade is a forex broker that offers services in currencies, cryptocurrencies, commodities, stock, and indices trading. It is a brand name of Swissone Group Ltd. registered in Saint Vincent and the Grenadines.
Contents
LexaTrade Review – Quick Overview
It is not necessary to wait for some news, and the market is moving unpredictably. LexaTrade’s live chat through its trading platform is complemented with other social media platforms, including Skype and email, as additional means of communication. Aside from hefty welcome bonuses ranging from 30% to 120% of initial deposit, LexaTrade also gives a referral bonus. Up to 50% of the total amount of the referred client’s initial deposit will be awarded to the referring trader.
Is LexaTrade a Scam? Read This Brutally Honest Review
Now we will delve deeper into the specifications of each account type and choose which is most fitting to each trader. When it comes to accounts, LexaTrade provides all possible options for each client to find what they need. There is an account for a beginner, an intermediate, a professional, and an expert trader. A wide variety of options allows https://cryptolisting.org/ each trader to trade with ease and security. Apparently, these customer LexaTrade reviews clearly reflect the broker’s honest and quality trading services, contrary to some maligning customer reviews that try to dent broker’s reputation. These clients are proof enough that LexaTrade is far from what others think about the broker and its services.
The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165. I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time. I did not notice any problems with this broker, with the exception of sales managers. It turns out that almost ALL negative reviews were written by scamers advertising their scam chargebacks. Lexatrade has potential, but it also has a lot of things bogging it down and making numerous questionable decisions. The asset access is limited, your withdrawal requests are low priority, and the spreads are extremely high.
LexaTrade Features & Fees
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. 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. But as we said, we don’t like paywalls for core features as a practice, although you may not mind them at all. Daily Market News are financial reports that thoroughly assess the impact of global events on the financial markets.
The “100% in 30 seconds” offer is offered to interested parties in opening and opening accounts and trading according to the “spread” options. Participation in the program is possible to get more profit from binary options with the ability to make transactions with currencies EUR / USD, GBP / USD, USD / JPY in two minutes. And stay alert, scammers like lexa trade are present here too, misguiding the public. Trading can help you to earn extra income, but at the same time, it is also meant to lose your funds if you don’t watch out.
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. The strongest suit of LexaTrade is its quality services, which were noted multiple times by traders in LexaTrade broker reviews. The company has even developed its own platform to carry the brand and quality of services expected of LexaTrade.
Thoughts on “Trading with LexaTrade: Accounts, Bonuses, Honest Reviews”
The platform offers a long list of trading instruments, is regulated and most importantly, is not a scam. There are also other newbie-baiting features, is lexatrade legit such as the bonus that Lexatrade offers. A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages.
However, it is crucial to note that not all client reviews came from the real clients of the broker. This time, we will feature some of the feedback and reviews of current LexaTrade clients to give us some first-hand experiences with the broker and how they feel toward their service provider. Investing in commodities can be a great way to diversify your portfolio and achieve long-term gains. It’s important to carefully consider options before making any investments, and LexaTrade is a trusted broker that can help you navigate this process. With their 24-hour client service team, you can get the support you need whenever you need it. As the platform is not worth considering, I was looking for the best alternative, and after researching for days, the most recommended broker I found was InvestFw.
It encourages its traders to participate in a program to maximize gains. LexaTrade lists the world’s biggest stocks, previous revenue, and forecasts. It also includes the date when the forecasted value is expected to happen so traders can prepare. The broker offers a wide range of incentives, welcome bonuses, promotions, etc. New clients are especially showered with welcome bonuses as a means of getting them on board a unique trading experience. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader.
We are here to conduct a comprehensive evaluation of LexaTrade’s offers and services for the most
in-depth and unbiased verdict. Its fraude company consists of lots of incompetent employees in India who always make you invest with a false commitment and later they denied to keep their promises. They never give you money back by making you fool showing some policies. All contact numbers in their web sites are incorrect so that whenever you want to contact them they will not be available. Even i have raised my concerns in their portals but no actions were taken.
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. Aside from throwing shades to the broker, some online client reviews also burst out that LexaTrade scammed them by not allowing them to withdraw their funds from their accounts.
Communication is practically nonexistent, with support offering generic responses that do nothing to resolve the issue. The promised quick and seamless withdrawals are a farce, I almost gave up as weeks pass without any progress. This experience has eroded my trust in Lexatrade’s reliability, leaving me frustrated and questioning their legitimacy. Potential users beware; the withdrawal problems overshadow any potential benefits this platform may offer. It is praised for various reasons–from trading platforms to payment methods and its profitability. It is acquiring more and more clients as it continues to improve on the best services it could offer.
Leave a Reply