According to all the information that we have gathered, this is a legit broker. LexaTrade does not lie to its customers with the prices; everything is transparent and can be checked. Amassing more clients in the following years, LexaTrade extended its services to different jurisdictions across continents. In 2019, LexaTrade reached more than 2 million merchants worldwide.
- LexaTrade learning is an interactive educational feature that aims to help novice traders to understand and learn about the market.
- The broker provides clients with about 50 currency pairs, gold, silver, and other precious metals, as well as pointers and cryptocurrencies.
- 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.
- Even legitimate clients cannot benefit from false claims as it gives them a distorted view of a broker’s reputation.
The broker has a low user rating of 2.1, which clearly shows the platform’s low credibility. While looking for the platform on Trustpilot, we went through many complaints, which indicate LexaTrade is a scam. This includes video courses and E-books, similarly the questionnaire section offers the questions related to customer’s feedback on the platform. LexaTrade learning is an interactive educational feature that aims to help novice traders to understand and learn about the market.
xCrictical Mobile App
It allows them the greatest reach, as the primary concern with the accounts is budget rather than trading style. That means the accounts suit most strategies, and as such, can attract diverse groups of traders. LexaTrade official site provides a brief overview of every financial market, prioritizing how old is lexatrade currencies, commodities, and indices/shares. These are some of the most widely-traded markets by investors worldwide. LexaTrade ensures that their clients have sufficient knowledge about them before they begin trading. It is divided into webinars, trading courses, and a reviewer/questionnaire.
The Reporting Season is the most profitable period in financial markets, and LexaTrade makes it a point to highlight this. 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.
IS LEXATRADE A SCAM or SAFE?
Perhaps we’re being too harsh since if you know what you’re looking for, you’ll find it. However, for a newer trader, the website may look too daunting. We wouldn’t be surprised if entry-level traders couldn’t find their way around and simply decided to use another brokerage.
Given platforms are simply a free-for-all, just about anyone, regardless of education and inclination, can post whatever their ill-conceived experiences allow them to. That is why, if you only choose the Forex broker, make your decision based only on verified https://cryptolisting.org/ official information. Registration in offshore zones for some traders is a red flag. But then, it must be noted that the success of trades is not necessarily reliant on the type of broker that a trader enlists but on strategies that they employ.
Which Trading platforms are offered by LexaTrade?
Commodities are viewed as steady, long-term, highly profitable investments. Commodities being long-term investments means that they must be carefully decided. 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. For example, you can invest in U.S. crude oil, Brent oil, spot gold, or silver.
It is not a major shortcoming, but it may, to some extent, discourage some users. Apparently, the pair of customer reviews clearly reflects the broker’s honest and quality trading services, contrary to some maligning customer reviews that try to dent the broker’s reputation. These clients are enough proof that ‘LexaTrade scammers’ is merely a baseless claim. Its mission is to provide traders and investors with maximum security of their transactions on foreign exchange, cryptocurrencies, and stock markets. LexaTrade developed its own proprietary trading platform displaying a high-level of functionality, speed, and profitability.
What Trading Platforms Are Available On LexaTrade?
It only partners with trusted global banks in handling their clients’ funds in segregated accounts. They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero. 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.
A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages. That’s especially true if the bonus goes as high as it does at lexatrade.com. Some are legitimate issues and concerns, while others were scammed by LexaTrade — false claims crafted by competing companies. There will always appear negative reviews about every broker, even the most trusted ones. This is a simple fact in the trading industry, where competition can sometimes be cutthroat.
Do LexaTrade Offer Research Support?
LexaTrade’s provision of these platforms allows for good options for transacting their trades. Even without LexaTrade’s proprietary platform, MT4 and xCritical platforms are enough to render good trading conditions to create strong investment portfolios. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge. 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. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified.
It can be concluded that LexaTrade official site is a legitimate business entity and is a regulated broker. 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. The platform also offers customizable charting, allowing users to tailor the charts based on different timeframes.