LexaTrade ensures that all client funds are kept in a segregated account from the company’s funds. Amassing more clients in the following years, LexaTrade extended its services to different jurisdictions across continents. To set the record straight, investing in LexaTrade is nowhere near ‘LexaTrade scam’ nor ‘LexaTrade cheating’ claimed by naysayers since the broker is covered by a Compensation Fund provision under the IFMRRC.
However, LexaTrade forex broker’s official site claims that the brand is owned and operated by Swissone Group Ltd. It is also seen as long-term investments because of its steady and highly-profitable trading. If the forex market is volatile, the commodities markets go through even higher levels of volatility, which means trades must be carefully decided upon.
Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. The broker doesn’t hide the fact that it’s trying to goad you into depositing more. LexaTrade markets itself as a broker suitable for both beginner and experienced traders. It provides access to trading in over 200 financial instruments and claims to support traders with educational materials, advanced trading platforms, and a variety of tools for market analysis. LexaTrade has proven that it belongs on the list of top forex brokers in the trading industry and meets users expectations.
- This detailed review evaluates the platform’s features, trading conditions, customer service, strengths, weaknesses, and overall reliability.
- One more significant concern is that the broker locks the MT4 platform behind the more expensive account types.
- To set the record straight, investing in LexaTrade is nowhere near ‘LexaTrade scam’ nor ‘LexaTrade cheating’ claimed by naysayers since the broker is covered by a Compensation Fund provision under the IFMRRC.
- Despite limited information available on the LexaTrade website, other Lexatrade broker reviews will tell you that the broker is under the Maxi Markets group.
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However, fees and spreads may vary depending on the account type and the asset being traded. The spread on major currency pairs such as EUR/USD is relatively low, but the spread may widen for less liquid assets. As a relatively new broker, LexaTrade aims to build a reputation based on competitive pricing, high-quality customer service, and an intuitive user interface. However, as with all newer brokers, it’s essential to exercise caution and thoroughly assess its features and regulations.
- Just like any broker, LexaTrade flaunts a set of advantages to fish investors in the sea of online financial investment.
- This enables safe trading using modern technologies and does not require downloading and installing platform software.
- When trading stocks, CFDs, or other derivatives, consider whether you understand the function of differential contracts and be aware of the high risk of losing your funds.
- The company has even developed its own platform to carry the brand and quality of services expected of LexaTrade.
- LexaTrade offers a diverse range of trading instruments and platforms, making it appealing to beginner and intermediate traders.
- It was curated specifically for advanced traders who invest both in short and long-term.
Live chat support was available at the time of our visit but a bit slow to answer. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified. Information about withdrawals is missing and this should be addressed by LexaTrade. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. We will feature some feedback and LexaTrade broker reviews of current clients to give us some first-hand experiences with the broker and how they feel toward their service provider. Looking at reviews about LexaTrade on various websites shows that the broker is actually trusted and respected by its clients.
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Nowadays, it is second nature to an investor to choose an officially regulated broker with a decent regulatory history. Hence, it is of primary importance for a forex broker to assert its legitimacy through its regulatory certifications. MtT4 is lexatrade regulated platform is considered as the gold-standard for every other trading platform in the trading industry.
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The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. A mobile platform is available but Demo accounts are not; US traders are not accepted. Overall this is a promising broker but a few tweaks here and there would make it a better one.
The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. Holding its business operations in Saint Vincent and the Grenadines, many traders doubt the legitimacy of the broker, let alone Lexatrade’s regulatory credential. This is because there are many traders online claiming to have been scammed by LexaTrade.
It offers a Start account, Silver account, Gold account, Platinum account, and VIP account. Along with the broker’s regulatory background, this broker review will also rundown key advantages and features of LexaTrade. Additionally, it will provide LexaTrade reviews from LexaTrade clients to help you picture out the broker’s overall service. Lastly, LexaTrade highlights the markets’ Reporting Season, which is the most profitable period of the year in trading. Clients are encouraged to participate in an event, and LexaTrade provides a list of the best stocks to invest in. Along with the list of tradable stocks, LexaTrade also posts stocks’ previous revenue, forecasted price, and timeframe on when to trade it.
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. LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability. The platform is designed to offer a convenient and user-friendly trading experience, with excellent terminals that make trading profitable while minimizing risks. With over 170 trading instruments, various tools, and timely risk management features, the platform ensures a high-quality trading experience overall.
This encryption ensures that your personal and financial information remains private when making deposits, withdrawals, or logging into the trading platform. 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 is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. 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. The information on Forex-mag.com does not serve as an investment or trading recommendation. The server operator Almina Corp as is not a registered broker, investment advisor or broker.