LexaTrade Review Lexatrade com Scam or Real?

LexaTrade Review Lexatrade com Scam or Real?

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. The case with its funding is much of the same, as there are some things that look good. For starters, there’s the fact that the cheapest account doesn’t require a huge deposit.

LexaTrade developed its own proprietary trading platform displaying a high-level of functionality, speed, and profitability. 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. LexaTrade is a forex broker that offers services in currencies, cryptocurrencies, commodities, stock, and indices trading. It is a brand name of Swissone Group Ltd. registered in lexatrade Saint Vincent and the Grenadines. Its multi-asset trading services have garnered the trust of its clients and has earned it a spot in the top forex brokers in industry.

Robofund Review

It must be stressed that all LexaTrade reviews above were taken from existing, legitimate review sites. We listed lots of them not to confuse traders but to give a weighted and fair viewpoint on the brokerage. As this is the case, the traders are advised to take all claims quoted here with a grain of salt.

The Welcome Benefits of Trading with LexaTrade

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 full unlock. One fact that’s relieving and concerning at the same time is the broker’s choice of the regulator.

• But most importantly, these benefits are immediately laid out for new clients.
• 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.
• Some negative reviews exist, but they are likely to be ordered by competitors because there aren’t any photos.
• ⚖️ Using cutting-edge blockchain forensic technology, they can trace cryptocurrency transactions, even if the scammers have tried to cover their tracks.
• However, LexaTrade has been the subject of mixed reviews due to concerns about its regulatory status and business practices.
• That isn’t an exact rule, but it’s something we’ve found to be true more often than not.

Trading with LexaTrade lets you invest in globally-traded assets like U.S. oil, Brent, and spot gold. MtT4 platform is considered as the gold-standard for every other trading platform in the trading industry. It was developed by MetaQuotes and launched to the public in 2005. The MT4 performs as a classic choice in trading currencies and CFDs because of its user-friendly interface, speed of execution, and high-grade terminal work. LexaTrade’s offering of the MT4 comes in a web version and it is compatible with any browser. Platform includes a customization feature that comes with listing charts and shifting time ranges.

And if you’re unfamiliar with what IFMRRC is, we don’t blame you. Although we do daily broker reviews, we’ve never heard of it before. Every broker has received negative feedback from customers, critics, and even the general trading industry was accused of cheating.

Gold Account

Trading carries a high level of risk and may not be suitable for all investors. You should consider whether you understand the risks involved. 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. Perhaps we’re being too harsh since if you know what you’re looking for, you’ll find it.

Proprietary Platform:

LexaTrade markets itself as a user-friendly platform designed for both beginners and experienced traders. The platform also offers different account types, each catering to various levels of trading experience. Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc. However, the broker has a low user rating, with mixed reviews as some complain about the platform while others appraise it. So, to help you out in deciding whether it’s a worthy broker, let’s take an in-depth look at the platform with our detailed LexaTrade review.

• We aren’t the biggest fan of the huge jumps between the sums you need for different account types.
• We know some brokers like to take that approach, and it usually works moderately well.
• There are way too many categories on lexatrade.com, and navigating around the website is challenging.
• And for sharpening and improving strategies,the broker offers many possibilities and tools.
• Always ensure you conduct thorough research before investing in any online trading platform, especially those that promise easy profits without clear transparency.

Despite all reviews, it is strongly recommended to make decisions and build a strategy independently. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice.

Conclusion: Should You Trade with LexaTrade?

Trading is a very high-risk job, which rests entirely on the trader. If you are a beginner or your strategy is not precise, there is a high probability of loss, and it is not the broker’s fault. MetaQuotes’ flagship offer, MetaTrader 4 (MT4 platform), is simply one of the most efficient trading software available in the market.

However, fees and spreads may vary depending on the account type and the asset being traded. The spread on major currency pairs such as EUR/USD is relatively low, but the spread may widen for less liquid assets. In terms of security, LexaTrade uses SSL encryption to protect sensitive data, which is standard for most brokers.