It is also seen as long-term investments because of its steady and highly-profitable trading. 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.
- LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities.
- MT4 is one the world’s most famous and reliable trading platforms for Forex.
- But other than that, LexaTrade also offers the MetaTrader4 and XCritical mobile app.
- New clients are especially showered with welcome bonuses as a means of getting them on board a unique trading experience.
Live chat support was available at the time of our visit but a bit slow to answer. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165.
LexaTrade Bonus
For example, you can invest in U.S. crude oil, Brent oil, spot gold, or silver. As we are wrapping this in-depth LexaTrade review, the only thing I would say is to avoid this platform. The broker is unregulated and has a lot of disadvantages which overshadows its genuine features, such as high spread charges. The genuine features of the platform that are worth considering include bonuses, advanced trading platforms and learning programs. Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc. However, the broker has a low user rating, with mixed reviews as some complain about the platform while others appraise it.
xCrictical Mobile App
The method of depositing funds for the first deposit determines the options for the subsequent withdrawal of money. As on other sites, bank transfers arrive on accounts lexatrade.com site faster than when withdrawing to a card. 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. The trading industry is a tight, competitive area where brokers fight against one another. Identifying which reviews are true is also a skill that any aspiring trader must acquire. TrustPilot, one of the most reliable reviewers on the web, rates LexaTrade 4 out of 5 stars.
LexaTrade broker promotions, bonuses
The most significant advantages of gold accounts are reduced spreads and the possibility of passive earnings. You can also access one trading technique provided by the broker and trading in commodity markets. The trader can contact LexaTrade customer care to recover their money. If this doesn’t work, traders can raise a complaint to IFMRRC, the regulatory watchdog of LexaTrade.
The remaining few were negative ones with an obvious goal, which is smearing LexaTrade’s reputation. Other negative reviews listed on TrustPilot also detailed circumstances that unfortunately happen in markets but do not fall under broker’s control. This broker offers a balanced mix of functionality and user-friendliness. And besides, if you really lexatrade owner want to do advanced technical analysis, LexaTrade offers Meta Trader 4 so you can have the best of both worlds. On the LexaTrade site platform, merchants offered to trade various instruments and property. The broker provides clients with about 50 currency pairs, gold, silver, and other precious metals, as well as pointers and cryptocurrencies.
What Payment Methods Are Available At Lexatrade?
LexaTrade developed its own proprietary trading platform displaying a high-level of functionality, speed, and profitability. It has an intuitive interface and highly-functioning terminals to make trading comfortable with minimal risks. LexaTrade platform contains more than 170 trading assets and tools to https://cryptolisting.org/ provide quality trading experience. MtT4 platform is considered as the gold-standard for every other trading platform in the trading industry. The MT4 performs as a classic choice in trading currencies and CFDs because of its user-friendly interface, speed of execution, and high-grade terminal work.
Looking at reviews about LexaTrade on various websites shows that the broker is actually trusted and respected by its clients. Many have praised LexaTrade forex broker for its speed of providing services and giving more than what is expected of it. Below are only some of the LexaTrade broker reviews written by legitimate clients on the website of TrustPilot.
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. It is divided into webinars, trading courses, and a reviewer/questionnaire. These materials gear towards beginning traders who are still in the process of acquiring decent knowledge about trading.
After analyzing the detailed LexaTrade review, we can say the company is totally a scam. The company charges a service charge of 5% if users make less than 5 independent transactions. The platform allows traders to access all popular commodities worldwide. However, much information regarding the same is unavailable on its website. The broker’s low user ratings of 2.1, which shows the platform’s low credibility.
Our mission is to assist millions of traders in finding the best broker. We unbiasedly review every broker and rank them based on their market standing, regulation, and other factors. Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice.
Min Deposit
Nowadays, it is second nature to an investor to choose an officially regulated broker with a decent regulatory history. Hence, it is of primary importance for a forex broker to assert its legitimacy through its regulatory certifications. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge. 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. 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. That being said, caution should be used anytime money is involved, with all brokers, old or new.