In terms of security, LexaTrade uses SSL encryption to protect sensitive data, which is standard for most brokers. This encryption ensures that your personal and financial information remains private when making deposits, withdrawals, or logging into the trading platform. LexaTrade is a relatively new broker in the online trading space, offering a range of financial instruments, including Forex, CFDs, stocks, commodities, and indices.
Up to 50% of the total amount of the referred client’s initial deposit will be awarded to the referring trader. In terms of financial instruments, account type gives users access to forex, cryptocurrency, commodities, and limited stock assets. Lastly, reduced spreads can be accessed using this account. Holding its business operations in Saint Vincent and the Grenadines, many traders doubt the legitimacy of the broker, let alone Lexatrade’s regulatory credential. Introduction In a landscape where discount brokers compete fiercely for market share in India, Indiabulls…
Creating And Verifying Your Account
I tried withdrawing $500, but they refused my withdrawal and said I have to trade up to $100,000 before my withdrawal request will be accepted. As of could have told early that this is the way in forex trading would have never gone…. Please don’t put your hard-earned money into the broker. With fake marketing, they tell you, you get insurance, less risk, etc. “I am very cautious about this type of advertising on the Internet, but LEXATRADE platform was advertised by Robert Lewandowski and I thought that this is a guy you can trust. Trading platform works only on business days (recently there were a lot of days off), after paying $ 250 my capital increased by about 130%.
Navigating The Trading Platform
LexaTrade is an unlicensed offshore Forex and CFDs broker, offering multiple trading accounts and access to a multitude of different asset classes. However, we have detected several red flags with this broker. Reading this LexaTrade review permits interested traders and companies with the brokerage to gain lexatrade login a perspective of LexaTrade.
Traders are encouraged to start with a demo account if they wish to practice without risking real funds. LexaTrade’s live chat through its trading platform is complemented with other social media platforms, including Skype and email, as additional means of communication. 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. You should fill in the basic personal information, including your name, email, and contact number.
Thoughts on “Trading with LexaTrade: Accounts, Bonuses, Honest Reviews”
Stay up to date with the financial markets everywhere you go. Trade the Bitcoin and altcoins at the most advanced web trading platform with a regulated broker The website of LexaTrade is simplistic but responsive and modern.
Have control over your money as we provide the favorable terms
If the forex market is volatile, the commodities markets go through even higher levels of volatility, which means trades must be carefully decided upon. LexaTrade’s live support team is also available to help any client with it. Trading with LexaTrade lets you invest in globally-traded assets like U.S. oil, Brent, and spot gold. According to LexaTrade rezension, it supports four financial markets. Company provides a brief overview of each market and a short list of assets, which clients can trade. LexaTrade wants to make sure their clients are knowledgeable about any trade before they begin.
Table below details all the features and offers that each account provides its users. 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. In LexaTrade review, the writer had highlighted LexaTrade’s provision of deposits commission. In addition, he or she had also brought the capability given to LexaTrade users to trade without any restrictions. LexaTrade is one of those brokerages that get the brunt of bad reviews.
However, the broker is not specific about its fees for funding and withdrawals, and processing times are not disclosed either. Higher-tier accounts offer faster withdrawal priority, but exact times are unclear, which is a serious red flag. There are no details on whether the broker offers a negative balance protection policy, which prevents traders from losing more than their initial investment. This is a major red flag for the safety of clients, and there is no guarantee the broker follows strict ethical procedures.
- This mid-tier account type is LexaTrade’s most recommended.
- MetaQuotes’ most in-demand trading platform, MetaTrader 4 (MT4) is simply one of the best trading software available in the market.
- Amar AC I deposited $500 and made a profit of $500, making it a total of $1000.
- Platform includes a customization feature that comes with listing charts and shifting time ranges.
With everything said earlier, to do a LexaTrade review, we had taken it upon ourselves to conduct an exhaustive examination of LexaTrade’s offers and services. 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.
Start Account
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. Despite all reviews, it is strongly recommended to make decisions and build a strategy independently.
It also includes the date when the forecasted value is expected to happen so traders can prepare. When it comes to deposits and withdrawals, the broker accepts multiple funding methods. Traders can use Visa, MasterCard, several wire transfers, Skrill, and several other e-wallets.
While it offers multiple trading asset classes and a large bonus, the lack of regulations, transparency, and essential protection policies makes it a high-risk choice for traders. The platform prides itself on a user-friendly interface, flexible leverage options, and a comprehensive suite of technical and fundamental analysis tools. While there are also legitimate negative reviews about other brokers, it is important to discern which ones are legitimate and are coming from actual clients.
LexaTrade Platinum Account
- As stated above, the LexaTrade website offers five account types to their clients.
- Every broker has received negative feedback from customers, critics, and even the general trading industry was accused of cheating.
- This is a simple fact in the trading industry, where competition can sometimes be cutthroat.
- Don’t worry about it, because you can’t make a big profit in Forex trading without investment.
- New clients are especially showered with welcome bonuses as a means of getting them on board a unique trading experience.
The broker offers five account types with clear differences. There is an account for a beginner, an intermediate, a professional, and an expert trader. A wide variety of options allows each trader to trade with ease and security. One of the best services provided by LexaTrade is its trading platform, which was developed to incorporate unique features of the broker better.
A program entails any existing client receiving 50% of the deposited amount of any new trader they’ve successfully encouraged to sign up with LexaTrade. The amount that user will receive is entirely up to how much the new client has deposited. Bonus is guaranteed and will be processed speedily by LexaTrade. The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year. But most importantly, these benefits are immediately laid out for new clients.
Below is an analysis of some negative reviews hurled towards LexaTrade. These reviews prove that clients widely trust LexaTrade. It is praised for various reasons–from trading platforms to payment methods and its profitability. It is acquiring more and more clients as it continues to improve on the best services it could offer. “This broker is suitable for those who don’t have enough free time to deal with forex trading.