MtT4 platform is considered as the gold-standard for every other trading platform in the trading industry. It was developed by MetaQuotes and launched to the public in 2005. 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. LexaTrade’s offering of the MT4 comes in a web version and it is compatible with any browser.
- Some even suppose it comes to par with industry favourite, MetaTrader 4.
- Response times are typically quick, and support agents are trained to handle both technical and general inquiries.
- Lexatrade official site has an intuitive interface with all the access to the inner pages accessible through the fields that can be seen on the top most part of the landing page.
- Its first year of operation revolved around managing cash transactions in real-time trading using PAMM accounts.
Traders who have reached this state have more points, trade without restrictions on the number of transactions, have access to funds, and have the opportunity to defer payment. However, LexaTrade reviews found online do not always lean toward negative. There are also broker review sites that speak well about the broker.
Trading is a high-risking activity, and each trader decides himself how to interpret information. Keep reading to know what the online trading community thinks about the Lexatrade broker. LexaTrade’s year of founding and the regulatory body that sanctions its activities had not been disclosed through the firm’s site. To find out the brokerage’s profile, one should consult other sites with LexaTrade reviews. While not necessarily a red flag, this is completely inconvenient and taxing.
Customer Support And Assistance
- It is compatible with any browser and can combine various commercial operations.
- MT4 platform is a classic choice, especially for Forex trading, and has been trusted by expert traders since it was released in 2005.
- A password is created to secure the account, and then the user agrees to the terms and conditions.
- “This company has been a great help as it is the best option for those with no spare time, and the important thing is that it is safe and super reliable.”
Introduction Contracts for Difference (CFDs) allow traders to speculate on the movement of asset prices… Introduction Contracts for Difference (CFDs) provide traders with a way to speculate on the price… The app is optimized for a smooth user experience and is especially valuable for managing trades during fast-moving market conditions. Processing times for withdrawals vary by method, but LexaTrade typically processes requests promptly. Verification of identity and account ownership may be required before processing large or first-time withdrawals.
Of course, there are questions, but everything is successfully resolved after correspondence with tech support. I have been trading on the market for five years, of which almost two years on LexaTrade. If, in general terms, the company works honestly, I would not say that there are some illegal actions. It is unnecessary to wait for some news, and the market is moving unpredictably.
Account Registration
As with the other brokerage firms within St. Vincent and the Grenadines, there is no trail of evidence of LexaTrade’s regulatory body. This is so as the region’s local government does not have any provisions for regulating Forex trading activities. The review site, “The Forex Review”, is the site that has been able to give many details. Amar AC I deposited $500 and made a profit of $500, making it a total of $1000. 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.
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For complex issues, LexaTrade may assign a dedicated account manager to assist traders, especially those with advanced account types. Response times are typically quick, and support agents are trained to handle both technical and general inquiries. LexaTrade offers dedicated customer support through multiple channels including live chat, email, and phone.
Subscribing to Social Media might not be the best idea to get an impression about the broker LexaTrade. The fact of the matter is, going to sites like Facebook will only prove to be one frustrating affair. Accusations of fraud and scam not only against LexaTrade but also with many brokers. It is commonplace to read comments on your favorite social media platform and web forum. LexaTrade’s provision of these platforms allows for good options for transacting their trades.
LexaTrade: Getting Into the Meat of an Honest Broker
Aside from Web platform, LexaTrade also offers another powerful XCritical trading platform. The XCritical mobile app has an intuitive and simple interface that easily helps traders navigate the platform. Traders can also easily track the movement of market prices and get timely feeds of current forex forecasts through the lexatrade functionality of XCritical mobile apps.
If it had not been made clear yet, believing the tags such as “LexaTrade courses scam” and “LexaTrade cheating” is simply oversimplifying one’s understanding of how brokering works. It is possible that LexaTrade had been misunderstood and misrepresented in new media. LexaTrade review on the site ends with a section with links to the company’s documentation. Everyone should understand how to distinguish a good broker from those that are often considered scammers and why forex is a scam.
TradingBrokers.com aim to provide unbiased broker reviews. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. LexaTrade offers competitive spreads, with forex pairs starting from around 1.5 pips. However, fees and spreads may vary depending on the account type and the asset being traded.
Offer of the month
What the reading of review ultimately provides its readers is a fair assessment and perspective of LexaTrade. Had it not been clear enough, users believe, subscribing to the numerous reviews with tags “LexaTrade courses scam” and a “LexaTrade cheating” is ill-conceived and entirely unfair. LexaTrade broker might just be another victim of either ignorance or outright fabrication.
MT4’s interface is intuitive and has a benevolent number of tools. It permits them to trade safely with its technology without any need to download and install it on the trader’s PC or mobile device. The xCritical platform is one of the most noteworthy trading platforms in the trading industry. Some even suppose it comes to par with industry favourite, MetaTrader 4. Through its mobile platform, an expansive set of tools available through its PC version are mirrored effectively. These tools include a number trading signals and a highly-intuitive and neat interface.