The Sleeppods Factory

Reviewing LexaTrade: Real Customer Feedback on a Forex Broker

Here you can train as a beginner and sharpen your strategies if you are an experienced Forex trader. We aren’t the biggest fan of the huge jumps between the sums you need for different account types. However, that’s a minor complaint, as what you get for each account is actually pretty fair for the price point. One more significant concern is that the broker locks the MT4 platform behind the more expensive account types.

• LexaTrade platform contains more than 170 trading assets and tools to provide quality trading experience.
• Its multi-asset trading services have garnered the trust of its clients and has earned it a spot in the top forex brokers in industry.
• It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need to tread carefully.
• Any rates, terms, products and services on third-party websites are subject to change without notice.
• One of the first things traders look for when choosing a broker is regulation and security.
• The lack of regulation from a reputable body means that traders may not have the same level of protection that comes with using a fully regulated broker.

Effective services

Again, as we said earlier in our Lexatrade review, the broker doesn’t do anything that sets off alarms. It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need to tread carefully. 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.

Customer Service at Lexatrade

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. They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.

Great broker company

LexaTrade is a global online trading platform offering a range of financial instruments, including forex, commodities, indices, cryptocurrencies, and stocks. It aims to attract traders with promises of high leverage, multiple account types, and extensive educational resources. However, LexaTrade has been the subject of mixed reviews due to concerns about its regulatory status and business practices.

Lexatrade Review

It is a common thing in industries where services are the main product of companies. Even the most reliable companies that have graced the top brokers’ list for many years have received negative feedback. 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. LexaTrade offers competitive spreads, with forex pairs starting from around 1.5 pips.

You should also contact your bank as soon as possible and let them know about your issue. If there’s a WhatsApp or Telegram group involved (though not all scams include this), it’s filled with people pretending to be winners—they are all part of the scam. Be cautious and always thoroughly vet any platform before making an investment. There is also a certain affiliate program on the site, which helps customers to bring new users, promising them a bonus in return. But of course, with the online reviews altogether polarizing, how does one filter the truth from fabrication? As I could have told early, this is how forex trading would have never gone….

Given platforms are simply a free-for-all, lexatrade just about anyone, regardless of education and inclination, can post whatever their ill-conceived experiences allow them to. That is why, if you only choose the Forex broker, make your decision based only on verified official information. LexaTrade’s provision of these platforms allows for good options for transacting their trades.

Keep reading the LexaTrade rezension to know more about Forex broker, its services, and real reviews on work. In our review, we will answer the question of whether the LexaTrade scam or not. The variety of instruments allows traders to diversify their portfolios, but the depth and range are average compared to industry leaders. Furthermore, while there are some solid conditions, they all come with high price points. And if you’re already depositing that much, there are many brokers that do what Lexatrade does but better. As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows.

• As this is the case, the traders are advised to take all claims quoted here with a grain of salt.
• One more significant concern is that the broker locks the MT4 platform behind the more expensive account types.
• This way, all traders can prepare their positions ahead of time.
• LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities.
• The platform is designed to offer a convenient and user-friendly trading experience, with excellent terminals that make trading profitable while minimizing risks.
• This should serve as a warning that your funds may not be secure, and there’s no protective regulatory framework.

Lexatrade Review: Conclusion

The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review. 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.