For starters, LexaTrade has a “Refer a Friend” program, which allows an existing client to benefit from sharing the services of LexaTrade to friends and fellow traders. 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. Bonus is guaranteed and will be processed speedily by LexaTrade.
In our Lexatrade review, we’ll look at how beneficial it is for customers compared to other options. 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.
Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc. However, the broker has a low user rating, with mixed reviews as some complain about the platform while others appraise it. So, to help you out in deciding whether it’s a worthy broker, let’s take an in-depth look at the platform with our detailed LexaTrade review.
It contains no legitimate grounds or even constructive criticism about brokers. It plainly claims that this broker is something else without any proof. Baseless accusations like these are examples of libelous claims executed by competitors to smear another broker’s reputation. Forex https://cryptolisting.org/ 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.
- This is awarded to a trader who refers a friend to trade with broker.
- You can choose which assets to trade, including the biggest and most popular ones.
- XCritical is lesser known to traders than MT4, but this does not make it inferior in providing quality services.
- To ensure the security of their clients’ funds, LexaTrade implements strict payment procedures.
“If, in general terms, the company works honestly, and I would not say that LexaTrade scammers. It is not necessary to wait for some news, and the market is moving unpredictably. LexaTrade’s funding options are limited to the following – VISA/Mastercard, cryptocurrency, Skrill, Neteller, and Arangepay.
How To Trade On LexaTrade?
Both statements did not detail Urbanek’s issues with the broker, and only proceeded to create false statements about it. These statements have no legitimate grounds and are clearly libelous. False statements like these are easy to create but have a dangerous impact on the broker’s reputation. This is why reviews like these are most often created by competitors.
Lexatrade’s Trading Platform
LexaTrade’s offering of the MT4 comes in a web version and it is compatible with any browser. Platform includes a customization feature that comes with listing charts and shifting time ranges. Even for the higher accounts, the spreads are wider than those from other brokerages that require similar price points. As we said earlier in our Lexatrade review, it offers a competitive trading experience, but it gets overshadowed by better companies. The review above is an example of a false claim because it links the broker to a common circumstance in trading and does not fall under the broker’s control. Market risks are one of the most important things that any trader must fully understand from the onset.
It is possible that LexaTrade had been misunderstood and misrepresented in new media. At first, I liked that the broker has a wide choice of accounts and has educational material. Support desk doesn’t answer for a long time, and no one’s gonna pay me back. Forex Broker attracted me precisely with this – in all reviews about LexaTrade, it is distinguished by the reliability and honesty of the company. Of course, there are questions, but everything is successfully resolved after correspondence with tech support. However, LexaTrade reviews found online do not always lean toward negative.
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 broker’s platform comes with high speed, functionality, profitability.
Now we will give reviews that can be found upon organic search of LexaTrade reviews. The readers are only given an idea of what the online trading community thinks of a LexaTrade broker. Subscribing to Social Media might not be the best idea to get an impression about the broker LexaTrade. The fact of the matter is, going to sites like Facebook will only prove to be one frustrating affair.
Who Is Lexatrade Owner?
Fortunately, IFMRRC features a Compensation Fund scheme to be observed by all its 49 regulated brokers, including LexaTrade. Knowing more about Lexatrade – its features, pros and cons, customer reviews, and legitimacy as a financial service provider by reading comprehensive LexaTrade rezension in general. Our review will provide a rundown of Lexatrade’s trading service features, conditions, and other important aspects of its brokerage service. According to LexaTrade rezension, it supports four financial markets.
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. Traders who have reached this state have more points, trade without restrictions how old is lexatrade on the number of transactions, have access to funds, and have the opportunity to defer payment. As we are wrapping this in-depth LexaTrade review, the only thing I would say is to avoid this platform. The broker is unregulated and has a lot of disadvantages which overshadows its genuine features, such as high spread charges.
But most importantly, these benefits are immediately laid out for new clients. The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review. And even then, you only get the web version, and you need the $50,000 account for the full unlock. 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.
On its way to mainstream brokerage service, LexaTrade is starting to be a force to reckon with in terms of trading solutions. Reviews like “LexaTrade cheating” or “LexaTrade scammer” are nothing short of slander that only benefit the competitor. Even legitimate clients cannot benefit from false claims as it gives them a distorted view of a broker’s reputation.
The cheapest option is $250 while the most expensive is $100,000. One fact that’s relieving and concerning at the same time is the broker’s choice of the regulator. And if you’re unfamiliar with what IFMRRC is, we don’t blame you. Although we do daily broker reviews, we’ve never heard of it before. Being a global broker, LexaTrade has earned the praises of its clients and the ire of its detractors.