LexaTrade Review 2023 Information about LexaTrade Forex Broker

BrokerChooser is free for everyone, but earns a commission from some of the brokers. Search by account type, minimum deposit, and maximum leverage in 2,000+ forex brokers. Lexa Trade is a forex broker with trading platforms of xCritical Mobile App, Metatrader 4 and proprietary Web Trader. Haven’t had withdrawal yet but based on observation, brokers are skilled and easy to deal with.

The broker scored highly in several categories as opening an account was a breeze and we found the trading fees to be very competitive and better than the industry average. Its forex fees are low and opening an account is fast and easy. Abstract:There are also Islamic swap-free accounts and a sample trading account available. You can also select the regulator with which you want to trade. This is a fantastic service that covers all of the key markets and asset classes.

You can try to withdraw small amounts , but do not invest more, you will only lose more in that case. You can also report about this issue to your local financial regulator or the regulator where the broker claims to be located. While the first account is cheap, lexatrade.com also robbed it of most features. As such, we don’t think you can get a competitive trading service up until the $10,000 account at least. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back.

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I did not notice any problems with this broker, with the exception of sales managers. I registered with them by depositing $250USD and play couple of trade and earned $236usd. They tell me rubbish rules which they did not inform at the time of joining. I have uploaded some moeny and post that they have locked my amount and i am nither withdraw nor able to trade.

It doesn’t do anything to stand out, and the vast majority of traders can easily find an option that’s both more comfortable and more powerful. One fact that’s relieving and concerning at the https://cryptolisting.org/ same time is the broker’s choice of the regulator. And if you’re unfamiliar with what IFMRRC is, we don’t blame you. Although we do daily broker reviews, we’ve never heard of it before.

lexatrade login

This prevents missed opportunities and saves time spent analyzing charts. It can detect and then highlight the 17 chart patterns that are the most common. To withdraw funds from LexaTrade, you must fill out a Funds Withdrawal Request Form. Apart from Grenadine Islands and their Off-shore company address in a tax haven small country, they don’t have any offices anywhere.

Company Information

MT4 has a wealth of built in technical indicators which can be applied to multiple chart types and 9 timeframes. These indicators can be used to spot trends, ranges and to analyse the market for potential trade opportunities. By trading with securities and derivatives you are taking a high degree of risk.

  • The spreads are super low, especially if you are using the raw spread account.
  • In all reviews about LexaTrade, it is distinguished by the reliability and honesty of the company.
  • The MQL marketplace has thousands of additional custom indicators that can be added to the platform.
  • Our mission is to assist millions of traders in finding the best broker.

LexaTrade is the fully-regulated subsidiary of LexaTrade Holding, which is also regulated. LexaTrade is not legitimate and should be avoided at all events. LexaTrade claims to be operated by Swissone Group Ltd, a company registered in St. Vincent and the Grenadines.

The case with its funding is much of the same, as there are some things that look good. For starters, there’s the fact that the cheapest account doesn’t require a huge deposit. 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. That means the accounts suit most strategies, and as such, can attract diverse groups of traders. On the other hand, the Web platform offered for the minimum account is quite enough for the average trader, so maybe that’s not a deal breaker.

LexaTrade Ratings

We unbiasedly review every broker and rank them based on their market standing, regulation, and other factors. Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice. LexaTrade is a Forex and CFD broker that offers to trade in currencies, indices, and commodities. The professional account has customised spreads and bespoke pricing depending on your trading activity. The minimum balance depends on the volume that you plan to trade. You can contact LexaTrade for customised pricing according to your requirements.

lexatrade login

On the other hand, the majority of traders don’t need Expert Advisors, scripts and the 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 registration process can be done online and their services are available in most countries except those that have been sanctioned by the OFAC.

LexaTrade Review

A person I met on Telegram lured me to deposit $5300, promising me there will be high returns. Lexatrade has potential, but it also has a lot of things bogging it down and making numerous questionable decisions. The asset access is limited, your withdrawal requests are low priority, and the spreads are extremely high. We’re nearly certain the broker made the accounts just to seem more open. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified. Information about withdrawals is missing and this should be addressed by LexaTrade.

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At the start they will tell u that they give 100% Insurance over the capital amount bt it’s big lie… They won’t give u even a penny. N even u earn or make money from this platform, they will not let u withdraw money till u lose all ur money… There r lots of if n buts wen u wish to withdraw. Yes, trading with Lexatrade is a fraud/scam cheating making fool of small investors/traders by misguided by the staff insisting for more money deposit for stock trading. Today my balance was USD821 and free Balance was more than USD550. On request for withdrawal of USD 400, I was advised to open a del in sell segment of Natural Gas with USD196 than my entire balance gone negative.

All funds deposited to LexaTrade are held in segregated tier 1 bank accounts for security. LexaTrade is regulated by Financial Conduct Authority so can be considered lexatrade login legit. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

The platform’s features that are worth considering include bonuses, advanced trading platforms and learning programs. One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Since they persuade to open account, after I do know of them attend to my email again.

As a reference, the spread charged for EURUSD is between 0 and 1 pip for raw spread accounts and 1.1 for standard accounts. Raw spread accounts charge a commission fee, even though the spreads are lower, while the standard account doesnt charge commission fees but the spreads are higher. Lexatrade charges both commission fees and trading fees depending on the account chosen by the trader.

The LexaTrade advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. XCritical is an innovative trading platform wholly capable of technical analysis without referencing any specific broker. Our mission is to assist millions of traders in finding the best broker.