Lexatrade Forex Broker: User Reviews Collected and Summarized

If you look at Lexatrade as a provider of services, it doesn’t look all that impressive. The list of assets includes shares, indices, crypto, commodities and foreign currency, and that’s about it. There are also indices, stock and commodities, but you’ll have to unlock them first.

There are just so many frauds amongst brokers that an honest one, albeit one with poor trading conditions, is somehow very welcome. So, unless you deposit at least 3 grand, you’re stuck with the basest of basics of trading. Furthemore, you also get worse treatment than the guys who put more money into their Lexatrade wallets. The regulars on Lexa will disagree, and it’s their right, they’ve already made some money out of it. However, those who still only contemplate working with them should look elsewhere. Note that some of them are fairly high, but that’s precisely why there is such a detailed sheet – so you wouldn’t get caught unawares.

Lexatrade Forex Broker: a Critical Review

After going through successful evaluation, clients are given their login information and may already start live trading. As for the disadvantages it carries, its reputation is tainted mainly from the absence of tight regulatory oversight. In addition to this, clients’ queries are given resolution in an untimely manner, which only adds to reasons why it has been receiving negative feedback from its clients. Lastly, it charges daunting fees including a 5% commission from clients with less than 5 transactions. Its ultimatum for those inactive clients also came as a disadvantage as it charges 5% every month.

However, this education focus goes beyond simply providing educational material. Lexa gives you extensive information about what you can or can’t do with different types of account, as well as a full sheet of fixed low spreads for all occasions. It should be noted that, although they confine you to the poor conditions when compared to the usual exchanges, they also rarely cheat you.

LexaTrade Review 2020

And speaking of tighter spreads, they really are low on this platform. At a first glance, there are many potential flaws and perks, but you can’t really tell how they play out unless you try this platform for yourself. But then, if you chose poorly, you can lose your money to an untrustworthy broker.

I’m buying and lexatrade rezension selling with this dealer a pair years and I never heard a single story like this. However, they also rarely forbid the majority of their users from using other software if they feel like it. Nevertheless, it’s strictly stated that you can’t use MT4 (and it’s the only third-party piece of trading software you can use) unless you pay Lexa more.

Warning: LexaTrade Is An Organised Scam Service Use: Livelength Of Use: Over 1 Year

This restrictive policy is extended to other things also – the better parts of the broker are reserved for the more well-off customers. As with many different companies, traders sometimes complain of withdrawal delays. Many of the delays are due to the slow proofing of the identification procedures. The finest forex broker approach to avoid that is to send all your identification details earlier than making the withdrawal request. So you weren’t in a position to withdraw your money from IQOPtion dealer?

More so, it has been responsive and highly attentive in giving resolutions via complaint form, which can be found on LexaTrade website. Although they have assured that you’d get the cash again, right now, the one method to accentuate the method is to take the help of a fund recovery group. We also have a dedicated customer service staff who’s working day in time out to unravel all of your queries.

Why Lexatrade?

It’s not simply about getting less spreads and more monitors on the trading system. The bigger account types have faster withdrawing speed, and they increasingly get to use the help from professional analysts. I may give you all of the prove and the long quantity with alphabets https://forex-review.net/lexatrade/ and numeric where he stated I should send the money. The enormous leverage with which you’ll commerce may be very tempting, however deadly on your account. If you need to commerce with excessive trusted broker and reliable then we advocate you to trade with the iqoption.

I made a several withdrawals from LexaTrade and every thing was all the time okay. MetaTrader 4– LexaTrade utilizes the most popular third-party platform in the market. The MT4 is known for its optimum performance, allowing users to place trades simultaneously and conduct analyses in an efficient manner. More so, it grants access to live market prices and liquidity, all while enabling robust security and stability. The most interesting about this platform is its automated trading option, completely providing high efficacy and larger margin of profitability for its traders.

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. With the absence of financial authorities, clients’ funds are exposed to intensive risk, say, for example, LexaTrade decided to shut down its business. The users who use it claim it’s a very good broker with responsive teams of support and clean reputation. But the wider community tends to disagree – there’s a lot of points that simply can’t help but attract criticism.

Different reviews (including those written by the regular users) suggest Lexa is pretty safe – both from hackers and from inner fraud. However, there are several points that indicate that you still shouldn’t trust this broker completely. There are many other brokers that allow you to trade in all sorts of assets without confining you so harshly. It’s true that low spreads and good general performance do compensate for these limitations a bit, but you can only really trade here if you can trust the broker.

With LexaTrade, traders needn’t be concerned as they’re a member of the Investment Compensation Fund scheme. The fund entitled traders to say lexatrade scam as much as a maximum of 20,000 euros. LexaTrade have moved away from platform supplier TechFinancials, and developed a new bespoke platform. If one is to look for the company’s web rating, an engine search on the internet will render negative LexaTrade broker reviews. While we cannot fully dismiss the possible fraudulent activities, we also have to take into account their reliability and if these claims have substantial bases.

• The bigger account types have faster withdrawing speed, and they increasingly get to use the help from professional analysts.
• This restrictive policy is extended to other things also – the better parts of the broker are reserved for the more well-off customers.
• Most users will probably sign up for the Start account – the lowest-ranking one – without the second thought.
• To neutralize the backlash that LexaTrade faces, attached below are two positive reviews taken from the web.
• As with many different companies, traders sometimes complain of withdrawal delays.