This mid-tier account type is LexaTrade’s most recommended. It comes with unique perks that will be very useful to professional traders. It is definitely more expensive than the Silver Account, but quality always comes with a price. They are not allowing me to withdraw my money.
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As this is the case, the traders are advised to take all claims quoted here with a grain of salt. Trading itself is a very risky kind of activity. Moreover, when you bump into many scams and start thinking, “Oh, why forex is a scam? Today we are going to do a LexaTrade review and see whether this is another scam or truly a legit broker. The platform is somehow new in comparison to some reliable names dominating the forex industry.
PLATINUM ACCOUNT
It has an intuitive interface and highly-functioning terminals to make trading comfortable with minimal risks. LexaTrade platform contains more than 170 trading assets and tools to provide quality trading experience. XCritical is lesser known to traders than MT4, but this does not make it inferior in providing quality services. Also, a mobile platform is far more accessible and convenient than any other platform, which means traders can trade anytime and anywhere without the hassle. Aside from trading, clients can open positions, manage their account, and execute trades without delay.
Trading Platforms
Yet, questions remain whether this regulatory affiliation is strong enough to set aside fears of losing trading funds of clients in the event of insolvency. Fortunately, IFMRRC features a Compensation Fund scheme to be observed by all its 49 regulated brokers including LexaTrade. LexaTrade BackgroundLexaTrade started its operation by just managing cash transactions in real-time trading using PAMM accounts. Looking at reviews about LexaTrade on various websites shows that the broker is actually trusted and respected by its clients. Many have praised LexaTrade forex broker for its speed of providing services and giving more than what is expected of it. Below are only some of the LexaTrade broker reviews written by legitimate clients on the website of TrustPilot.
Key Features of LexaTrade
These instruments are highly profitable and risk-oriented. There are bunch of criminals working together.This are organizations government should be arresting. Forex 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 everything is successfully resolved after correspondence with tech support. These clients are enough proof that ‘LexaTrade scammers’ is merely a baseless claim.
- There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website.
- Lastly, LexaTrade highlights the markets’ Reporting Season, which is the most profitable period of the year in trading.
- LexaTrade is a Forex and CFD dealer that offers to alternate in currencies, indices, and commodities.
- “If, in general terms, the company works honestly, and I would not say that there are some illegal actions.
Lexatrade is a cheater’s platform
It also guarantees the broker’s commitment to maintaining satisfactory dealing practices and keeping your money in secure and segregated accounts. 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. If the forex market is volatile, the commodities markets go through even higher levels of volatility, which means trades must be carefully decided upon.
I invested online to this company which I got stuck having challenges of posting withdrawal of my investment profit,I sent Vickers Mark all he needed to place a refvnd and I got a call by the bank… I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time. I did not notice any problems with this broker, with the exception of sales managers. They are a little more aggressive than necessary.But why am I seeing a lot of negative reviews about Lexatrade? It turns out that almost ALL negative reviews were written by scamers advertising their scam chargebacks. Overall this is a promising broker but a few tweaks here and there would make it a better one.
This will tell you whether they are regulated by a central authority or if you are dealing with an offshore and/or unregulated investment company. Licensing is another important part because we can trust aregulated broker to some extent not to do anything fraudulent. Aside from throwing shades to the broker, some online client reviews also burst out that LexaTrade scammed them by not allowing them to withdraw their funds from their https://forexbroker-listing.com/ accounts. Albeit contrary to one client review above, this issue can be easily identified as a misinformed judgment on the client’s part. In one way or another, clients who were unable to withdraw their funds from their accounts might have violated some conditions and guidelines without them knowing it. LexaTrade developed its own proprietary trading platform displaying a high-level of functionality, speed, and profitability.
The broker also provides different trading assets for higher liquidity with high leverage and low spreads. LexaTrade presents itself as an online trading platform, offering users access to various financial instruments, including forex, cryptocurrencies, stocks, and commodities. The platform claims to provide advanced trading tools and a user-friendly interface suitable for both beginners and lexatrade experienced traders. LexaTrade has proven that it belongs on the list of top forex brokers in the trading industry and meets users expectations. It displays high functionality, great customer service, convenience, availability, and dedication to clients. It improves its services based on what its clients ask for to work on the market, and this has earned the trust of traders everywhere.
LexaTrade offers several trading instruments to choose from, with high leverage and low spreads for high liquidity and profits. It’s all deceitful and fake to take all you have and leave you empty. I noticed a lot of figures on my account weren’t adding up so a little investigation revealed they were helping themselves to my investment.
The platform should include more payment methods. LexaTrade has often been found on the wrong end of maligning client reviews. However, it is crucial to note that not all client reviews came from the real clients of the broker. This time, we will feature some of the feedback and reviews of current LexaTrade clients to give us some first-hand experiences with the broker and how they feel toward their service provider. Nowadays, it is second nature to an investor to choose an officially regulated broker with a decent regulatory history.
One person Mr. Benny , whenever deposit he called me.. I came to know that he met with an accident.. ( whether it is true or not i dont know ) but no other answering me.. LexaTrade’s MT4 web terminal is a highly secure and reliable trading platform, incorporating advanced technology and offering a seamless trading experience. It is compatible with all major web browsers and enables traders to execute various types of transactions.
The charges are higher compared to the platform we have reviewed so far. The spreads vary on the account type and the instrument traders trade in. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back.
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. There is an Education Center and Questionnaire section.
Hence, it is of primary importance for a forex broker to assert its legitimacy through its regulatory certifications. They initially told me that withdrawal is very simple with no hustles. He is telling he is expert in currency trading..