Along with the list of tradable stocks, LexaTrade also posts stocks’ previous revenue, forecasted price, and timeframe on when to trade it. This way, all traders can prepare their positions ahead of time. The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review. However, you can only unlock MT4 after depositing $10,000.
Is LexaTrade A Scam?
And even then, you only get the web version, and you need the $50,000 account for the full unlock. One fact that’s relieving and concerning at the same time is the broker’s choice of the regulator. And if you’re unfamiliar with what IFMRRC is, we don’t blame you.
Unreliable Trader
Accusations of fraud and scam not only against LexaTrade but also with many brokers. It is commonplace to read comments on your favorite social lexatrade reviews media platform and web forum. This number allows you to choose the appropriate variant according to your professionalism, budget, and needs.
LexaTrade Trading Conditions: Instruments and Tools
My choice fell on LexaTrade because the broker has a fairly good reputation. The broker has an excellent training center, there are quite a lot of video lessons and everything is explained. After going to the LexaTrade official site, you will be able to navigate easily to different sections with information about platforms, instruments, promotions, and LexaTrade login page. We can say that registration on the LexaTrade site was quite quick. We were able to go to lexatrade.com, login, and use a demo account to learn the platform and its operation.
- Its mission is to provide traders and investors with maximum security of their transactions on foreign exchange, cryptocurrencies, and stock markets.
- To round up LexaTrade’s trading serviceability, a broker has a decent platform and trading instrument offerings despite having relatively higher spreads.
- They are Scam and I have lived the scam now…please beware.
- Lexatrade tradding company is very thief company.
- And if you’re unfamiliar with what IFMRRC is, we don’t blame you.
- Of course, broker appearance is nearly entirely irrelevant, but our point is that Lexatrade looks like something hastily put together.
Lexatrade Review – Is it good, or is it a scam?
One of the security measures that LexaTrade has imposed for the safety of its clients is strict payment procedures. The broker only accepts one method in deposit and withdrawal processes to prevent theft. It only partners with trusted global banks in handling their clients’ funds in segregated accounts.
Although we do daily broker reviews, we’ve never heard of it before. There are also other newbie-baiting features, such as the bonus that Lexatrade offers. A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages.
The website layout, colors, and overall impression are satisfactory. If you are a beginner investor and decide to open your first account on the exchange, for a successful start, you need to find a stable and reliable investment broker. You need a partner who will help you navigate the flow of information, understand https://turbo-tax.org/ how the market works and what points to pay special attention to. Trading itself is a very risky kind of activity. Moreover, when you bump into many scams and start thinking, “Oh, why forex is a scam? Today we are going to do a LexaTrade review and see whether this is another scam or truly a legit broker.
It is possible that LexaTrade had been misunderstood and misrepresented in new media. LexaTrade’s provision of these platforms allows for good options for transacting their trades. Even without LexaTrade’s proprietary platform, MT4 and xCritical platforms are enough to render good trading conditions to create strong investment portfolios. 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. And for sharpening and improving strategies,the broker offers many possibilities and tools.
The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year. But most importantly, these benefits are immediately laid out for new clients. 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. This broker offers a balanced mix of functionality and user-friendliness.