As an unregulated broker, there is no confirmation that the broker keeps trader funds in segregated bank accounts, which is also a major security risk. In this review of LexaTrade, we will assess its safety, accounts, leverage, profit withdrawals, trading costs, support, and much more. The brokerage company LexaTrade login is an organization with many years of experience, providing traders with services within their electronic system.
Creating And Verifying Your Account
Traders are advised to exercise extreme caution when considering LexaTrade. The risk of financial loss, combined with the absence of credible accountability mechanisms, makes it an unsuitable choice for anyone seeking a secure and reliable trading experience. When selecting a broker, regulatory transparency, user trust, and consistent service quality should always take precedence. LexaTrade does not appear to meet these basic requirements, and therefore, it cannot be recommended as a legitimate broker. Traders who experience problems with such brokers often find themselves with no legal protections or recourse. This highlights the importance of conducting in-depth research and prioritizing regulatory status above marketing promises or attractive trading conditions.
- Of course, these individuals should have an actual live LexaTrade account they have used for a considerable period of time.
- That is why, if you only choose the Forex broker, make your decision based only on verified official information.
- There are no details on whether the broker offers a negative balance protection policy, which prevents traders from losing more than their initial investment.
- A password is created to secure the account, and then the user agrees to the terms and conditions.
NO DEPOSIT
One of the clearest indicators of a broker’s legitimacy is its reputation among actual users. LexaTrade has accumulated a mix of reviews, but the negative experiences tend to dominate. Numerous clients claim that they were promised high returns, received fake account performance reports, and were misled by account managers who later disappeared when issues arose. The availability of MetaTrader 4 can add some credibility, as it is a widely used and respected platform. However, the platform’s mere presence does not compensate for the absence of strong regulatory backing.
Bonus
So, investment in creating its platform demonstrates broker development and rejects that LexaTrade scam. 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. It also provides listing charts that can be customized according to shifting time ranges. Using a platinum account from LexaTrade, you can enjoy a 2-hour account analysis per week. LexaTrade forex broker will give you a 70% welcome bonus and medium priority for withdrawals if you choose a gold account.
LexaTrade Silver Account
- Reputable firms register with bodies like the SEC, CFTC, FCA, or ASIC and must follow rules that protect clients.
- Reading this LexaTrade review permits interested traders and companies with the brokerage to gain a perspective of LexaTrade.
- Being a global broker, LexaTrade has earned the praises of its clients and the ire of its detractors.
- Traders can use Visa, MasterCard, several wire transfers, Skrill, and several other e-wallets.
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. This way, all traders can prepare their positions ahead of time. After a thorough review of the trading aspects of the broker, let us now conclude our assessment of the LexaTrade forex broker.
Understanding Available Trading Instruments
I learned about the company much earlier, but I came across a network about the negative about it. In comments on one forum, I read the information that «LexaTrade courses scam,» fraud, etc. Then he learned from a friend working with this company that all this is complete nonsense.
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. According to documents on LexaTrade official site, it is an officially registered company. It operates under the Swissone Group Ltd., which is based within St. Vincent and the Grenadines.
More so, the broker is a legit broker as it is duly regulated. lexatrade news Holding its business operations in Saint Vincent and the Grenadines, many traders doubt the legitimacy of the broker, let alone Lexatrade’s regulatory credential. Despite limited information available on its site, it can be traced online that LexaTrade is under the Maxi Markets group. However, LexaTrade’s official site claims that the broker is owned and operated by Swissone Group Ltd.
LexaTrade imposes high-grade security measures across all its services. It ensures clients’ protection from cyber theft and market risks because they are very common in trading. Clients have also praised its safety and convenience, among all other qualities. LexaTrade has certainly made it big in the trading industry, so let’s find out what makes it a cut above the rest. LexaTrade is a multi-asset broker whose wide range of services and financial instruments established its reputation. It is a trading brand of Swissone Group Ltd. based in Saint Vincent and Grenadines.
Using XCritical mobile app, you can set stop loss, take profit levels, track the movement of various assets’ quotes, know currency forecasts, and check your account balance at any time. Wondering whether Lexatrade scammers or not, let’s analyze its services and development level. When it comes to platforms, broker LexaTrade ensures clients enough options to choose from. This is why aside from MetaTrader4 and XCritical, they’ve also developed a platform to embody important qualities and characteristics. You can also access one trading technique provided by the broker and trading in commodity markets. Withdrawal remains a standard priority, and webinars are free.
LexaTrade is designed for both beginner and advanced traders, offering a combination of intuitive tools, educational resources, and multiple account types to suit different trading needs. The platform prides itself on a user-friendly interface, flexible leverage options, and a comprehensive suite of technical and fundamental analysis tools. LexaTrade does not appear to meet these lexatrade basic requirements, and therefore, it cannot be recommended as a legitimate broker.
One more thing, I found out that brokers registered in offshore countries such as the Marshall Islands or Saint Vincent and The Grenadines, and this threatens me. As I could have told early, this is how forex trading would have never gone…. It fully meets the expectations of even professional traders and is not inferior in functionality to popular MT4. It contains no legitimate grounds or even constructive criticism about brokers. It plainly claims that this broker is something else without any proof.