The remaining few were negative ones with an obvious goal, which is smearing LexaTrade’s reputation. Other negative reviews listed on TrustPilot also detailed circumstances that unfortunately happen in markets but do not fall under broker’s control. LexaTrade’s MT4 web terminal is a safe, secure trading platform that uses advanced technology and high-quality terminal work. It is compatible with any browser and can combine various commercial operations.
- Your financial security is of paramount importance to us, and we fervently endorse the exercise of due diligence and seeking professional guidance when making investment decisions.
- Black propaganda such as scammed by LexaTrade against the broker being stirred by its competitors can be another possibility to take into account.
- Being a global broker, LexaTrade has earned the praises of its clients and the ire of its detractors.
- The first LexaTrade review is found on TrustPilot’s page and the other one is written on LexaTrade’s Facebook page.
- Furthermore, while there are some solid conditions, they all come with high price points.
- You should fill in the basic personal information, including your name, email, and contact number.
LexaTrade review on the site ends with a section with links to the company’s documentation. 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. A web-based proprietary platform that lets traders experience advanced trading. It offers advanced trading tools, increased speed and safety.
So there’s the argument that some regulation is better than none, and that does hold up. But there’s also the fact that while it’s better than nothing, it’s not a significant improvement. So the regulation may impose negligible limits on the broker while generating a false sense of confidence for potential customers. As such, our Lexatrade review isn’t off to the greatest start. The broker’s offer does actually seem decent enough, but the presentation isn’t up to par. We’ll see if the broker’s functional prowess ends up improving what we think.
Lexatrade Review: Conclusion
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. 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. A web-based proprietary platform is offered by LexaTrade, such as MetaTrader4 and LexaTrade
app – xCritical Mobile App. While the platform offers a considerable service, we still advise to choose among legit brokers like InvestFw.
xCrictical Mobile App
This 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 after correspondence with tech support everything is successfully resolved. In terms of financial instruments, account type gives users access to forex, cryptocurrency, commodities, and limited stock assets. As stated above, the LexaTrade website offers five account types to their clients. Thanks to several such options, the broker easily monitors the demographic situation among traders and their needs. Now we will delve deeper into the specifications of each account type and choose which is most fitting to each trader.
It is compatible with all major web browsers and enables traders to execute various types of transactions. Commodities market is a great opportunity to diversify portfolios. It is also seen as long-term investments because of its steady and highly-profitable trading.
Due to this, trading speculations are available to customers based on the difference in the primary price and on its basis lexatrade.com login. After a thorough review of the trading aspects of the broker, let us now conclude our assessment of the LexaTrade forex broker. Aside from hefty welcome bonuses ranging from 30% to 120% of initial deposit, LexaTrade also gives a referral bonus. This is awarded to a trader who refers a friend to trade with broker. Up to 50% of the total amount of the referred client’s initial deposit will be awarded to the referring trader. I trade with some crypto platform not knowing they where sc!
The broker is headquartered in Saint Vincent and the Grenadines, a popular domicile to offshore brokers (since most brokers based in Saint Vincent and the Grenadines are unregulated brokers). Its first year of operation revolved around managing cash transactions in real-time trading using PAMM accounts. It then enhanced https://cryptolisting.org/ its offered trading solutions and its trading assets and instruments in the following years and groomed itself to become an emerging online brokerage brand. LexaTrade’s MT4 web terminal is a highly secure and reliable trading platform, incorporating advanced technology and offering a seamless trading experience.
LexaTrade’s MT4 Terminal is also a viable option for traders. 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. Gaining more traders, LexaTrade expanded its services to different jurisdictions across continents. In 2019, LexaTrade amassed more than 2 million merchants worldwide. On its way to mainstream brokerage service, LexaTrade is starting to be a force to reckon with in terms of trading solutions.
LexaTrade: Broker Social Media Reviews
Let us move on to another aspect of broker review by looking into the client feedback of LexaTrade. This enables safe trading using modern technologies and does not require downloading and installing platform software. MT4 Terminal is compatible with any desktop computer and operating system. It has listing charts for changing time ranges and combines many commercial operations.
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 how old is lexatrade 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.
Trade and invest freely from anywhere on the planet with LexaTrade online platform using high-tech functionality, speed and profitability of the terminal. This does not really influence the trading process, but it would be nice if these issues were solved. The lexatrade.com login page has a whole section related to legal documentation. The company was the first of MT4 trading companies, which allowed it to expand its position and take a leading position in the list of brokers in the market. The Web platform displays 170 trading instruments, charts, and order management tools to monitor trading positions and technical adviser Autochartist effectively. LexaTrade provides a Web platform armed with a wide range of tools, risk-management features, and best trading solutions.