LexaTrade review 2021

how genuine is lexatrade

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 rather than trading style. LexaTrade advertises several account types, from basic to VIP, each with distinct perks.

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LexaTrade has a referral program in which you’ll receive up to 50% deposit amount as a commission. We are back with our unbiased review of LexaTrade, an online trading broker company. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

The support team is problem-solving and responds quickly, so the overall communication with the team was great. Lexatrade is an appealing option for traders looking for a comprehensive platform that covers a wide range of financial instruments. While the how genuine is lexatrade lack of regulation may be a concern for some, the features and educational resources provided can enhance the trading journey for both novice and seasoned traders. Overall, Lexatrade stands out as a competitive choice in the online brokerage market.

how genuine is lexatrade

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  1. The spread varies depending on the account type and the financial instrument being traded.
  2. It is registered in Saint Vincent and the Grenadines which makes no sense.
  3. Several red flags have emerged from user experiences that cast doubt on LexaTrade’s legitimacy, making it essential to understand these warning signs before investing any money.
  4. LexaTrade provides access to popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.
  5. While the lack of regulation may be a concern for some, the features and educational resources provided can enhance the trading journey for both novice and seasoned traders.

Information about withdrawals is missing and this should be addressed by LexaTrade. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. Brokers required various licenses and regulators’ approval to serve investors and traders. Each account type comes with its own set of perks, with the higher account types offering the best perks and benefits.

I lost so much and was really…

Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

Either balance gets zero or unable to withdraw funds due to invalid reasons. It is registered in Saint Vincent and the Grenadines which makes no sense. At a glance, it seems amazing platform and opportunity to earn trading profit with LexaTrade experts.

In legitimate platforms, fees are typically clear and transparent from the beginning. LexaTrade’s hidden and restrictive charges are additional indicators of potentially unethical practices. LexaTrade ensures that all client funds are kept in a segregated account from the company’s funds. Later they said that the amount was too low for a trade so I left the money there only to find later that the money has disappeared. LexaTrade provides a mulitlingual customer support 24/7 to deal with all queries via live chat, email and telephone. Several red flags have emerged from user experiences that cast doubt on LexaTrade’s legitimacy, making it essential to understand these warning signs before investing any money.

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.