In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. The company is located at Beachmont Business Centre, Suite 39, Kingstown, Saint Vincent and the Grenadines. To get a better understanding of how brokers(both licensed and unlicensed) work, read our review on Fxcryptomine, FTG Markets, Capital GMA, Kiexo.
Lexatrade Review Is it good, or is it a scam?
Despite all reviews, it is strongly recommended to make decisions and build a strategy independently. MetaQuotes’ flagship offer, MetaTrader 4 (MT4 platform), is simply one of the most efficient trading software available in the market. Platform has an easy-to-navigate interface and has a generous number of trading tools. Through LexaTrade, traders are provided with an MT4 web terminal that permits them to trade safely through its technology without downloading it. Knowing more about Lexatrade – its features, pros and cons, customer reviews, and legitimacy as a financial service provider by reading comprehensive LexaTrade rezension in general.
Company Background
With these in mind, the allegations that someone was scammed by LexaTrade are seen as baseless and may simply be seen as the traders’ ignorance of how trading actually works. Now we will give reviews that can be found upon organic search https://turbo-tax.org/ of LexaTrade reviews. The readers are only given an idea of what the online trading community thinks of a LexaTrade broker. Subscribing to Social Media might not be the best idea to get an impression about the broker LexaTrade.
Could you please help me find out if this broker offers Islamic Accounts or they actually charge swap fees?
LexaTrade has often been found on the negative side of things when it comes to client reviews. Black propaganda such as scammed by LexaTrade against the broker being stirred by its competitors can be another possibility to take into account. To sign up for any of the above-mentioned account types, all you have to do is simply fill in an online registration form available on its Lexatrade website.
How To Delete LexaTrade Account?
Along with the broker’s regulatory background, this broker review will also rundown key advantages and features of LexaTrade. Additionally, it will provide LexaTrade reviews from LexaTrade clients to help you picture out the broker’s overall service. Overall, LexaTrade is committed to providing exceptional speed, functionality, and profitability to ensure a convenient and user-friendly trading experience for all its users. 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. Also keep in mind that the company is regulated (IFMRRC), which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all.
These statements have no legitimate grounds and are clearly libelous. It does not provide any evidence that he was scammed by LexaTrade, or any idea of problems that Urbanek has encountered with the broker, hinting at the probability of reviews illegitimacy. False statements like these are easy to create but have a dangerous impact on the broker’s reputation. This is why reviews like these are most often created by competitors.
LexaTrade has certainly made it big in the trading industry, so let’s find out what makes it a cut above the rest. The Reporting Season is the most profitable period in financial markets, and LexaTrade makes it a point to highlight this. It encourages its traders to participate in a program to maximize gains. LexaTrade lists the world’s biggest stocks, previous revenue, and forecasts. It also includes the date when the forecasted value is expected to happen so traders can prepare.
Information about withdrawals is missing and this should be addressed by LexaTrade. The information on Forex-mag.com does not serve as an investment or trading recommendation. As we are wrapping this in-depth LexaTrade review, the only thing I would say is to avoid this platform.
They offer a lot of instruments to the retail side at reasonable costs. Plus, the additional tools and bonus packages make them a dominant player in the sector. Users can also utilize leverage with binary trades that amplify the investments. It is also great for practicing trading because users can refill the virtual account for free as much as needed. Binary Advantages of Lexatrade trading can be The most profitable binary options strategy ventures you’ll ever run into on the web. LexaTrade advertise that they offer 100% of orders, with 99.35% orders executed in under 1 second.
Other negative reviews listed on TrustPilot also detailed circumstances that unfortunately happen in markets but do not fall under broker’s control. XCritical is a convenient alternative to desktop and web platforms. Its portability allows clients to trade anytime and anywhere without hassle.
However, it holds a licence from the International Financial Market Relations Regulation Center. Despite this, it’s miles an off-shore broker limited to function within the US and Europe. Trading platforms offered by LexaTrade are MetaTrader4, XCritical Mobile app, and LexaTrade WebPlatform. There is also a certain affiliate program on the site, which helps customers to bring new users, promising them a bonus in return. You can communicate with people who trade on the LexaTrade platform or sign up for actual live LexaTrade accounts.
- They can also set stop loss and take profit, track the movement of quotes, check forecasts for different instruments, and view their account balance.
- And besides, if you really want to do advanced technical analysis, LexaTrade offers Meta Trader 4 so you can have the best of both worlds.
- These clients are enough proof that ‘LexaTrade scammers’ is merely a baseless claim.
After a lengthy and extensive probe into the services and LexaTrade Forex brokers reviews, let us sum up the advantages and disadvantages of LexaTrade as a broker. The Web platform displays 170 trading instruments, charts, and order management tools to monitor trading positions and technical adviser Autochartist effectively. Aside from hefty welcome bonuses ranging from 30% to 120% of initial deposit, LexaTrade also gives a referral bonus. This is awarded to a trader who refers a friend to trade with broker. Up to 50% of the total amount of the referred client’s initial deposit will be awarded to the referring trader.
Forex is a trade that has risen in popularity over the last decade. One of the first problems a novice trader faces is choosing a broker. You might think this is an easy task because all you have to do is look up brokers on the internet. However, there is too much information about brokers to make the right assessment and choice. You can also stumble upon information about why Forex is a scam, which is mostly coming from individuals who either did not take trading seriously or chose a dishonest broker. This broker offers a mobile application and it is also something that can be categorized as desirable.
You should fill in the basic personal information, including your name, email, and contact number. LexaTrade official site provides a brief overview of every financial market, prioritizing currencies, commodities, and indices/shares. These are some of the most widely-traded markets by investors worldwide. LexaTrade ensures that their clients have sufficient knowledge about them before they begin trading.
According to company management, this approach creates favorable conditions for the work of traders and increases their effectiveness. Forex LexaTrade broker devotes great importance to protecting its clients from unforeseen risks. XCritical is lexatrade regulated mobile app offers an easy-to-use interface, traders can access their trading account on the go, without any hassle. They can open positions, execute trades quickly, and monitor their account balance from anywhere, at any time.
It fully meets the expectations of even professional traders and is not inferior in functionality to popular MT4. Keep reading the LexaTrade rezension to know more about Forex broker, its services, and real reviews on work. In our review, we will answer the question of whether the LexaTrade scam or not. After a thorough review of the trading aspects of the broker, let us now conclude our assessment of the LexaTrade forex broker.