This number allows you to choose the appropriate variant according to your professionalism, budget, and needs. You can find more detailed information on each account on the LexaTrade website, and in our review, we prepare a comparison table. Even I, a newcomer to the market and trading, was able to understand everything from the first time.
- LexaTrade offers several trading instruments to choose from, with high leverage and low spreads for high liquidity and profits.
- This broker attracted me precisely with this – in all reviews about LexaTrade, it is distinguished by the reliability and honesty of the company.
- The goal of this site is to create reviews and also to help you with the recovery of lost funds on the internet.
- However, you can only unlock MT4 after depositing $10,000.
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 https://cryptolisting.org/ 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.
Is this your company?
And if you’re already depositing that much, there are many brokers that do what Lexatrade does but better. Of course, the broker has options for downloadable terminals, web platforms, and mobile apps. As such, our Lexatrade review isn’t off to the greatest start. 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.
Financial Instruments
Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice. 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. To sign up for any of the above-mentioned account types, all you have to do is simply fill in an online registration form available on its Lexatrade website. You should fill in the basic personal information, including your name, email, and contact number.
It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need to tread carefully. The trader can contact LexaTrade customer care to recover their money. If this doesn’t work, traders can raise a complaint to IFMRRC, the regulatory watchdog of LexaTrade.
FAKE COMPANY !!!!!!!!!!
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. And for sharpening and improving strategies,the broker offers many possibilities and tools. Here you can train as a beginner and sharpen your strategies if you are an experienced Forex trader. Next day morning I got a message that my account is running Negative so I checked and did not find any logs of the trade, the system did not show anything about why the account went negative. They are Scam and I have lived the scam now…please beware.
They initially told me that withdrawal is very simple with no hustles. Lexatrade It’s a fraud, please this company need to be shutdown, am happy I got my refund back from them with the help of mr mason expert recovery team. Assuming you deposited $100 and lost 60% of the funds and attempted to withdraw $40, Lexa Trade broker would never process such withdrawal request.
Broker attracted me precisely with this – in all LexaTrade reviews, it is distinguished by reliability and honesty of the company. 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.
We use dedicated people and clever technology to safeguard our platform. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I thought that there would be some problems (as other brokers had with work), but there was nothing like that. Lexatrade.com has a rating of 2.38 stars from 34 reviews, indicating that most customers are generally dissatisfied with their purchases. The goal of this site is to create reviews and also to help you with the recovery of lost funds on the internet. LexaTrade broker is essentially saying that they will only give you your profit when you have attained their required volume of trades.
Which Trading platforms are offered by LexaTrade?
I have uploaded some moeny and post that they have locked my amount and i am nither withdraw nor able to trade. This regulatory body is one of the most trusted in the world, meaning earning a regulatory status from an organization guarantees the safety and reliability of a broker. I have been trading on the market for five years, of which almost two years on LexaTrade.
Platform has an easy-to-navigate interface and has a generous number of trading tools. Through LexaTrade, traders are provided with an MT4 web terminal that permits them to trade safely through its technology without downloading it. You would be forced to top up to the minimum of $50 before placing how genuine is lexatrade a withdrawal request. Also, if clients don’t have a significant trading volume yet, the company intends to charge a commission of 5%. The broker is also attracting new traders using a 30% deposit bonus. Remember to read the terms and conditions for accepting and using deposit bonuses with brokers.
These clients are enough proof that ‘LexaTrade scammers’ is merely a baseless claim. 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.
You also have free access to paid webinars, a once-a-week communication with a VIP analyst, full-time stock trading, special offers, and a customized portfolio for the earnings season. This account is especially curated for professional traders trading in four financial markets. 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.
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. That being said, they are very new at the time of this review, so there is time for improvement. This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250.
