Is LexaTrade a Scam? Read This Brutally Honest Review

Trading in commodities markets subjects you to high volatility, an excellent investment opportunity. You can choose which assets to trade, including the biggest and most popular ones. For example, you can invest in U.S. crude oil, Brent oil, spot gold, or silver. Apparently, the pair of customer reviews clearly reflects the broker’s honest and quality trading services, contrary to some maligning customer reviews that try to dent the broker’s reputation. These clients are enough proof that ‘LexaTrade scammers’ is merely a baseless claim. The clients were not even all praises in the entirety of the broker’s services, leaving some room for improvement and giving us a clear indication that LexaTrade also has its share of flaws and setbacks.

  1. This is awarded to a trader who refers a friend to trade with broker.
  2. False statements like these are easy to create but have a dangerous impact on the broker’s reputation.
  3. This is why aside from MetaTrader4 and XCritical, they’ve also developed a platform to embody important qualities and characteristics.
  4. If the forex market is volatile, the commodities markets go through even higher levels of volatility, which means trades must be carefully decided upon.
  5. LexaTrade BackgroundLexaTrade started its operation by just managing cash transactions in real-time trading using PAMM accounts.

LexaTrade’s MT4 web terminal is a safe, secure trading platform that uses advanced technology and high-quality terminal work. It is compatible with any browser and can combine various commercial operations. It also provides listing charts that can be customized according to shifting time ranges. MT4 platform is a classic choice, especially for Forex trading, and has been trusted by expert traders since it was released in 2005. Wondering whether Lexatrade scammers or not, let’s analyze its services and development level. When it comes to platforms, broker LexaTrade ensures clients enough options to choose from.

Also, LexaTrade only partners with trusted international banking institutions when handling their corporate funds. LexaTrade BackgroundLexaTrade started its operation by just managing cash transactions in real-time trading using PAMM accounts. LexaTrade ReviewProper regulations usually ensure that forex brokers are sufficiently capitalized lexatrade login in the event of insolvency or trading losses. It also guarantees the broker’s commitment to maintaining satisfactory dealing practices and keeping your money in secure and segregated accounts. In terms of financial instruments, account type gives users access to forex, cryptocurrency, commodities, and limited stock assets.

Account Types

Using XCritical mobile app, you can set stop loss, take profit levels, track the movement of various assets’ quotes, know currency forecasts, and check your account balance at any time. This broker attracted me precisely with this – in all reviews about LexaTrade, it is distinguished by the reliability and honesty of the company. Of course there are questions, but after correspondence with tech support everything is successfully resolved.

Regulatory Affiliation & Safety of Funds

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.

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. You also have free access to paid webinars, a once-a-week communication with a VIP analyst, full-time stock trading, special offers, and a customized portfolio for the earnings season. This account is especially curated for professional traders trading in four financial markets. When it comes to accounts, LexaTrade provides all possible options for each client to find what they need.

Sign up to start earning on the online platform:

Don’t worry about it, because you can’t make a big profit in Forex trading without investment. Unfortunately, LexaTrade forex broker does not offer a demo account, where beginners can make their first steps in trading, and professional traders improve strategies. It is not a major shortcoming, but it may, to some extent, discourage some users. XCritical is a convenient alternative to desktop and web platforms. Its portability allows clients to trade anytime and anywhere without hassle. You can open positions, check your account, execute trades without delay.

There is a slight glide, but I didn’t notice a serious one, on EUR / USD there can be a glide of a maximum of 1-2 pips and then on serious news. Now let us look at some other comments from several trading forums. Trading conditions, if not the best, then some of the best, there have never been any hitches with the execution, so that connection disappears, too, is not seen.

There are also broker review sites that speak well about the broker. These online venues are unfiltered and, at times, uninformed and misguided. Unsubstantiated LexaTrade reviews in social media cannot be grounds for an objective assessment of broker work.

Is LexaTrade A Scam?

It lowers risk diversification as well by investing in the basket of different stocks of various companies and sectors. LexaTrade offers several trading instruments to choose from, with high leverage and low spreads for high liquidity and profits. It offers a diverse range of payment options ranging from bank wire transfers to credit/debit cards, from Skrill to Neteller.

LexaTrade has often been found on the wrong end of maligning client reviews. However, it is crucial to note that not all client reviews came from the real clients of the broker. This time, we will feature some of the feedback and reviews of current LexaTrade clients to give us some first-hand experiences with the broker and how they feel toward their service provider. Despite limited information available on the LexaTrade website, other Lexatrade broker reviews will tell you that the broker is under the Maxi Markets group. However, LexaTrade forex broker’s official site claims that the brand is owned and operated by Swissone Group Ltd. “If, in general terms, the company works honestly, and I would not say that LexaTrade scammers.

Autochartist will save your time and select the right entry points to the market, as well as give a clear analysis of the expected goals. There are 170 trading instruments on the platform, among them the most popular stocks and indices, precious metals and energy products. After defining your working portfolio, you can add favorite tools to your favorites, where a convenient working system was specially designed for users of the platform. 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. Reviews like “LexaTrade cheating” or “LexaTrade scammer” are nothing short of slander that only benefit the competitor.