Commodities being long-term investments means that they must be carefully decided. Broker LexaTrade ensures that its 24-hour client service team lexatrade review provides the best support to traders. Trading in commodities markets subjects you to high volatility, an excellent investment opportunity.
Lexatrade’s Trading Platform
- It would make the service more attractive for all users.
- In order to attract more traders on the platform, LexaTrade often starts promotions.
- LexaTrade’s MT4 web terminal is a highly secure and reliable trading platform, incorporating advanced technology and offering a seamless trading experience.
- On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader.
The broker offers five account types with clear differences. There is an account for a beginner, an intermediate, a professional, and an expert trader. A wide variety of options allows each trader to trade with ease and security. LexaTrade’s MT4 web terminal is a highly secure and reliable trading platform, incorporating advanced technology and offering a seamless trading experience.
Lexatrade Review Is it good, or is it a scam?
Aside from trading, clients can open positions, manage their account, and execute trades without delay. They can also set stop loss and take profit, track the movement of quotes, check forecasts for different instruments, and view their account balance. Don’t worry about it, because you can’t make a big profit in Forex trading without investment. Unfortunately, LexaTrade forex broker does not offer a demo account, where beginners can make their first steps in trading, and professional traders improve strategies.
Lexatrade Reviews
More so, the broker is a legit broker as it is duly regulated. LexaTrade has often been found on the wrong end of maligning client reviews. Holding its business operations in Saint Vincent and the Grenadines, many traders doubt the legitimacy of the broker, let alone Lexatrade’s regulatory credential.
As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows. With the VIP account, it sits at 120% of your deposit. Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest. Again, as we said earlier in our Lexatrade review, the broker doesn’t do anything that sets off alarms. But on a hunch, we wouldn’t call the security excellent.
They will never allow you to withdraw after payments. You’re kindly advised not to fall for their useless tricks and fake brits accents. The account officer in charge claimed that he has being busy for over one month now. I borrowed this money and am paying the interest on weekly basis. They refused to teach me how to trade for more than one month that I made the deposit.
It’s a non-commercial organization that regulates about 60 brokerages. However, it’s apparent that it’s much less limiting than even the more lenient country-based regulators. https://turbo-tax.org/ Unfortunately, when a broker looks like it’s a rushed project, it’s often a scam. That isn’t an exact rule, but it’s something we’ve found to be true more often than not.
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. Collaboration of LexaTtrade with social networks proves that the company is reliable and tries to save trader’s money. Some negative reviews exist, but they are likely to be ordered by competitors because there aren’t any photos. On the LexaTrade website, everybody can have a personal profile. Also, some other people can act through your LexaTrade login.
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. Below is an analysis of some negative reviews hurled towards LexaTrade.
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. LexaTrade customer support is very impressive as it offers full-time support with 24/7 operating hours.
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. Trading with LexaTrade is filled with many benefits.
Rather than opting LexaTrade scam, we recommend you to incline towards a more trusted platform like InvestFW. Yes, LexaTrade is a scam dealer because it isn’t always regulated by way of any top tier regulatory watchdog. However, it holds a licence from the International Financial Market Relations Regulation Center.
The figure company of LexaTrade is Swissone Group Ltd, positioned in St. Vincent and the Grenadines. We are here to conduct a comprehensive evaluation of LexaTrade’s offers and services for the most in-depth and unbiased verdict. Cheapest and most expensive aren’t the most precise terms, as there’s no actual cost attached to the account. You can still trade with all the money you deposit. However, we can’t neglect the fact that $100,000 is a hefty sum and isn’t something anyone can reach. IFMRRC stands for International Financial Market Relations Regulation Center.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Even i have raised my concerns in their portals but no actions were taken. Users can cancel their trading account at any time by sending their concerns to an email address or by contacting an administrator. The broker has a low user rating of 2.1, which clearly shows the platform’s low credibility.
It offers a Start account, Silver account, Gold account, Platinum account, and VIP account. 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. “If, in general terms, the company works honestly, and I would not say that there are some illegal actions.
It is regulated by the International Financial Market Relations Regulation Centre, making it a reliable broker in the forex market. The broker offers different types of accounts to its clients for better trading experience. These clients are proof enough that LexaTrade is far from what others think about the broker and its services. However, these shortcomings are way different from allegations of fraudulent acts and schemes. Its mission is to provide traders and investors with maximum security of their transactions on foreign exchange, cryptocurrencies, and stock markets.