This is a major red flag for the safety of clients, and there is no guarantee the broker follows strict ethical procedures. As an unregulated broker, there is no confirmation that the broker keeps trader funds in segregated bank accounts, lexatrade which is also a major security risk. At first, I liked that the broker has a wide choice of accounts and has educational material.
Photos from reviews
Overview Scope Prime operates as a liquidity, trading and fintech services provider primarily for institutional… As a relatively new broker, LexaTrade aims to build a reputation based on competitive pricing, high-quality customer service, and an intuitive user interface. However, as with all newer brokers, it’s essential to exercise caution and thoroughly assess its features and regulations.
It is easy to use, always at hand, so you can work from any point. This number allows you to choose the appropriate variant according to your professionalism, budget, and needs. You can find more detailed information on each account on the LexaTrade website, and in our review, we prepare a comparison table. Registration in offshore zones for some traders is a red flag. But then, it must be noted that the success of trades is not necessarily reliant on the type of broker that a trader enlists but on strategies that they employ.
Trading Accounts
On the LexaTrade website, everybody can have a personal profile. Also, some other people can act through your LexaTrade login. XCritical platform is favored by 8 out of 10 traders in the Forex trading industry. Through its mobile platform, LexaTrade users can experience the myriad of tools that the PC version had, including several trading signals and a highly-intuitive and neat interface. XCritical mobile platform is an alternative to PC terminals.
Real Client Reviews on LexaTrade Forex Broker
- Although the verification procedure is not easy, anything can be done.
- Albeit contrary to one client review above, the issue can be easily identified as a misinformed judgment on the client’s part.
- As an unregulated broker, there is no confirmation that the broker keeps trader funds in segregated bank accounts, which is also a major security risk.
- It is possible that LexaTrade had been misunderstood and misrepresented in new media.
- A range of account types welcomes traders of all backgrounds and skill levels in LexaTrade.
Withdrawing profits is a straightforward process on LexaTrade. Users access the withdrawal section in their account dashboard, choose a method, specify the amount, and confirm the transaction. It is important to use the same method as the deposit to ensure a smooth transaction. Choosing the appropriate account type depends on your trading goals, capital, and experience level.
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 a perspective of LexaTrade.
Overview of LexaTrade
LexaTrade has certainly made it big in the trading industry, so let’s find out what makes it a cut above the rest. LexaTrade is a multi-asset broker whose wide range of services and financial instruments established its reputation. It is a trading brand of Swissone Group Ltd. based in Saint Vincent and Grenadines. One of the most popular bonuses it offers is the Refer a Friend program. When an existing client successfully gets another trader to sign up to LexaTrade, clients are awarded up to 50% of the deposited amount of the new client.
LexaTrade has proven that it belongs on the list of top forex brokers in the trading industry and meets users expectations. It displays high functionality, great customer service, convenience, availability, and dedication to clients. It improves its services based on what its clients ask for to work on the market, and this has earned the trust of traders everywhere.
LexaTrade Forex broker review — Everything you need to know
This is a simple fact in the trading industry, where competition can sometimes be cutthroat. 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.
- They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero.
- But other than that, LexaTrade also offers the MetaTrader4 and XCritical mobile app.
- To find out the brokerage’s profile, one should consult other sites with LexaTrade reviews.
Now we are going to know about LexaTrade’s accounts and how they shape a world-class broker. Trading on LexaTrade provides access to a wide array of financial markets through a secure, user-friendly platform with extensive tools for analysis, risk management, and education. Success in trading depends on discipline, ongoing learning, and consistent application of sound risk management practices.
Thanks to several such options, the broker easily monitors the demographic situation among traders and their needs. Now we will delve deeper into the specifications of each account type and choose which is most fitting to each trader. LexaTrade offers five different types of trading accounts, including Start, Silver, Gold, Platinum, and VIP.
In comments on one forum, I read the information that «LexaTrade courses scam,» fraud, etc. Then he learned from a friend working with this company that all this is complete nonsense. As a result, I opened an account there, on which I have been trading for six months. The platform works stably, occurs smoothly and quickly.