Lexatrade Review Is it good, or is it a scam?

This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. However, due to their unregulated nature, even these methods might not be secure, and recovering funds becomes challenging in case of a scam. However, due to their unregulated nature, these services are highly risky and should be avoided. So don’t use this platform and research well before choosing a such platform. They even have affiliates who individually promote platforms to others and force them to invest maximum money.

Real User Experiences and Reports

The setup itself is tried and true and is one of the most common ways for brokers to structure their accounts. It allows them the greatest reach, as the primary concern with the accounts is budget is lexatrade legit rather than trading style. Lexatrade offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

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LexaTrade’s hidden and restrictive charges are additional indicators of potentially unethical practices. Even when individuals reach Lexatrade for this, Their customer executive encourages upgrading the account type to get funds back. LexaTrade charges a service charge of 5% when customers has made less than 5 independent transactions. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker.

Even the withdrawal speeds increase as you go up to the higher accounts. 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. So, to help you out in deciding whether it’s a worthy broker, let’s take an in-depth look at the platform with our detailed LexaTrade review. LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability. The platform is designed to offer a convenient and user-friendly trading experience, with excellent terminals that make trading profitable while minimizing risks.

Unfortunately LexaTrade doesn’t offer a lot of information about withdrawals but according to the website, a representative will contact you to complete the processing, which takes up to 24 working hours. The methods for deposit are Visa, CryptoWallet and e-Payouts and we assume the same methods will be used for withdrawals, although LexaTrade doesn’t mention this specifically. 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.

LexaTrade Review: Key Insights, Platform Performance & Is It Right for You?

Organization and company which provides financial services need to obey various policies and get approval from regulators in every jurisdiction. As per LexaTrade conditions, if the referred client makes a deposit between $500 to $10,000, then 50% of it will be the referral bonus. LexaTrade has a referral program in which affiliates receive up to 50% of the deposit amount as a bonus. We use dedicated people and clever technology to safeguard our platform.

These platforms are popular among traders due to their advanced features, which are defined below. There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website. There is no mention of an inactivity fee but we cannot guarantee that you won’t be charged one. Overall this is a promising broker but a few tweaks here and there would make it a better one. Lower deposits, more information about deposits and withdrawals, a basic FAQ, and a demo account are just a few adjustments that would go a long way and would make LexaTrade a higher-tier broker.

1. 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.
2. Autochartist signals are available at the bottom of the trading platform and while this is not a game changer, it’s still something worth mentioning, especially because some brokers charge you for Autochartist.
3. My reviews offer valuable guidance, helping traders make informed decisions about their investments.
4. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose.
5. The spread varies depending on the account type and the financial instrument being traded.
6. We use dedicated people and clever technology to safeguard our platform.

The spread varies depending on the account type and the financial instrument being traded. Each account type comes with its own set of perks, with the higher account types offering the best perks and benefits. Autochartist signals are available at the bottom of the trading platform and while this is not a game changer, it’s still something worth mentioning, especially because some brokers charge you for Autochartist. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition.

Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. The broker doesn’t hide the fact that it’s trying to goad you into depositing more.

The information on Forex-mag.com does not serve as an investment or trading recommendation. The server operator Almina Corp as is not a registered broker, investment advisor or broker. Hope the above information is enough to know the basics of LexaTarde, account types, its services, fees and referral program. All we could find is that withdrawal processing takes up to 24 business hours and that a representative will contact the client in order to complete the processing of the withdrawal.