Lexatrade Reviews Read Customer Service Reviews of lexatrade com

Also, you will find an economic calendar and news feeds, which allows deeper analysis of the price movements. A trading software is simple to use and understand, while everything happens right through the website. This broker offers a mobile application and it is also something that can be categorized as desirable.

• When trading using leverage, you only need to put down a fraction of the total value of your position.
• Lastly, know that information about dormant fees is not mentioned.
• Are you looking for real experiences and a critical test for the LexaTrade broker?

Regardless if one is a novice or a seasoned trader, he or she is not impervious to falling for bad reviews on a brokerage he or she might not be thinking of signing up for. Trading is a gamble, and investing in markets through a brokerage firm is no joke. And the presence of negative reviews does espouse plenty of misgivings, and worse, paranoia. These clients are enough proof that ‘LexaTrade scammers’ is merely a baseless claim. LexaTrade ReviewProper regulations usually ensure that forex brokers are sufficiently capitalized in the event of insolvency or trading losses.

Customer Service at Lexatrade

Ultimately, you should ask your self why you’d belief them to trade with your cash after they aren’t confident buying and selling with their own. LexaTrade is a financial solutions platform developed by Swissone Group Ltd. Its head office is located in St. Vincent and the Grenadines, a small island in the Caribbean known for its offshore status.

We aren’t the biggest fan of the huge jumps between the sums you need for different account types. However, that’s a minor complaint, as what you get for each account is actually pretty fair for the price point. One more significant concern is that the broker locks the MT4 platform behind the more expensive account types. The setup itself is tried and true and is one of the most common ways for brokers to structure their accounts. It allows them the greatest reach, as the primary concern with the accounts is budget rather than trading style. That means the accounts suit most strategies, and as such, can attract diverse groups of traders.

How To Delete LexaTrade Account?

For AUD/CAD, the Mini spread is 3.8 pips, the Standard spread is 3.3 pips, The Silver spread and the Gold spread are 3 pips, and the Platinum spread is 2.3 pips. It is important to mention that there was no specific mention of commission-related details for LexaTrade. LexaTrade also provides a demo account that allows you to try out the financial markets without the risk of losing money. Online trading is dangerous, and you could potentially lose all of your investment funds.

Lexatrade offers trading worldwide but doesn’t have all the licenses to do so. What looks suspicious is the passive income that the broker is offering for higher accounts. You can get a deposit bonus up to 120%, meaning that the broker will more than double your deposit (with the highest account type). And now I have to to $4,000 I just withdrawn $700 last week.Cudos to Lexatrade the #1 broker in the world. Although FMRRC is an independent self-regulatory agency which was created to provide a level of regulation for derivative dealers and brokers. It has no connection to any official regulatory body, and has very few legal powers with regards to regulating FMRRC regulated brokers.

Broker Information

It ought to be famous that this article is currently being written, it is possible that some things have already changed on this dealer. Therefore, our opinion doesn’t matter, possibly the dealer has already changed the color, added new languages ?? If LexaTrade is supposed to trade on your behalf and make you money, it is something we have never seen with a legit broker. Another problem is the deposit bonuses that the broker is offering.

If someone knows how to trade profitably, they either trade for themselves or run an investment company. I would caution others about relying on Lexatrade’s services, as they have proven time and again that they are not equipped to provide effective support or address customer issues. Lexatrade placed an indefinite ban on my account after which they denied my refund.

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To serve the cause of fairness, the reviews last segment will quote both positive and negative ones, that were gathered from various trusted brokerage review sites. Having said this, the LexaTrade user and the reader of review are recommended to practice greater regard on research and due diligence. Such can be observed through actual conversations through the forums or actual face-to-face communication. Of course, these individuals should have an actual live LexaTrade account they have used for a considerable period of time. Amassing more clients in the following years, LexaTrade extended its services to different jurisdictions across continents.

However, few people have experienced issues ranging from technical glitches to execution errors. Their platform and interface look clean and the account types are versatile enough to accommodate both newbies and professionals. Thanks to the strong regulations, brokers are not allowed to pay out to is lexatrade regulated unverified customers. Even after the first deposit, the account must be verified urgently. Since our account forex news is a bit older, we can not tell you whether a deposit without verification is possible. LexaTrade is a true NDD broker (Non-Dealing Desk) with well-known liquidity providers.

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. Just like any broker, LexaTrade flaunts a set of advantages to fish investors in the sea of online financial investment. Below are the most salient benefits LexaTrade offers to its users.

• Ultimately, you should ask your self why you’d belief them to trade with your cash after they aren’t confident buying and selling with their own.
• The broker’s offer does actually seem decent enough, but the presentation isn’t up to par.
• MT4 is one the world’s most famous and reliable trading platforms for Forex.
• While not necessarily a red flag, this is completely inconvenient and taxing.
• BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you .

There is not a single complaint regarding the same, so, we can rate it good in this case. Yes, LexaTrade is a scam broker as it is not regulated by any top tier regulatory watchdog. However, it holds a licence from the International Financial Market Relations Regulation Center. Despite this, it is an off-shore broker restricted to operate in the US and Europe.