LexaTrade Review: Key Insights, Platform Performance & Is It Right for You?
LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability. The platform is designed to offer a convenient and user-friendly trading experience, with excellent terminals that make trading profitable while minimizing risks. With over 170 trading instruments, various tools, and timely risk management features, the platform ensures a high-quality trading experience overall. LexaTrade customer support is very impressive as it offers full-time support with 24/7 operating hours.
They even have affiliates who individually promote platforms to others and force them to lexatrade reviews invest maximum money. But considering various reviews, we found that their so-called experts have very less knowledge and most trade signals are loss-making. LexaTrade has a referral program in which affiliates receive up to 50% of the deposit amount as a bonus.
In conclusion, while the promise of easy trading may be tempting, LexaTrade is fraught with risks that make it unsuitable for investors who prioritize security and legitimacy. All we could find is that withdrawal processing takes up to 24 business hours and that a representative will contact the client in order to complete the processing of the withdrawal. This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250.
It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable. There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website. There is no mention of an inactivity fee but we cannot guarantee that you won’t be charged one. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader.
Is this your company?
There is no solid information about the founder of LexaTrade and its parent company.
Lexatrade Review Is it good, or is it a scam?
LexaTrade is a financial trading platform that offers a range of financial instruments for traders to choose from, including contracts for difference (CFDs), foreign exchange (FX), and cryptocurrencies. These patterns align with other known scams in the financial sector, where similar methods are used to extract and retain funds from investors without delivering on the advertised services. LexaTrade advertises several account types, from basic to VIP, each with distinct perks. LexaTrade claims to be an online brokerage offering access to various financial instruments such as forex, indices, and commodities. While the platform appears well-structured on the surface, a closer examination reveals troubling details.
What is the maximum deposit required for an account on LexTrade?
- The information on Forex-mag.com does not serve as an investment or trading recommendation.
- 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.
- In legitimate platforms, fees are typically clear and transparent from the beginning.
- Organization and company which provides financial services need to obey various policies and get approval from regulators in every jurisdiction.
Brokers required various licenses and regulators’ approval to serve investors and traders. If a trade position is kept open and carried over to the following day, a commission will be charged to the trading account for using the credit. The commission is based on the size of the transaction and ranges from 0.005% to 0.015% for most instruments, while it is 0.5% for cryptocurrencies.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose.
The server operator Almina Corp as is not a registered broker, investment advisor or broker. Lexatrade offers personal account managers to its users and they help in trading. Hope the above information is enough to know the basics of LexaTarde, account types, its services, fees and referral program. LexaTrade began by managing cash transactions in real-time trading using PAMM accounts. Over time, it has grown and developed advanced trading solutions and a variety of financial instruments, becoming a well-known online brokerage brand. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge.