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Is LexaTrade a Scam? Read This Brutally Honest Review

Prior to making any investment, we highly advise you to thoroughly review our Terms and Conditions. I consider LexaTrade a reliable and conscientious company. Only with him can I earn and withdraw money. Forex Broker attracted me precisely with this – in all reviews about LexaTrade, it is distinguished by the reliability and honesty of the company. Of course, there are questions, but everything is successfully resolved after correspondence with tech support. However, LexaTrade reviews found online do not always lean toward negative.

Real Client Reviews on LexaTrade Forex Broker

LexaTrade wants to make sure their clients are knowledgeable about any trade before they begin. Lastly, LexaTrade highlights the markets’ Reporting Season, which is the most profitable period of the year in trading. Clients are encouraged to participate in an event, and LexaTrade provides a list of the best stocks to invest in.

Lexatrade Forex Broker: User Reviews

The impartial user reviews from the dedicated aggregators can tell you precisely what to watch out for and what to aim for on any exchange. Claim your profile to access Trustpilot’s free business tools and connect with customers. Lexatrade is one the worst company with full of pathetic employees.

  1. I borrowed this money and am paying the interest on weekly basis.
  2. Information about withdrawals is missing and this should be addressed by LexaTrade.
  3. Prior to making any investment, we highly advise you to thoroughly review our Terms and Conditions.
  4. However, it’s apparent that it’s much less limiting than even the more lenient country-based regulators.
  5. We wouldn’t be surprised if entry-level traders couldn’t find their way around and simply decided to use another brokerage.

Account Registration

At a first glance, there are many potential flaws and perks, but you can’t really tell how they play out unless you try this platform for yourself. lexatrade reviews But then, if you chose poorly, you can lose your money to an untrustworthy broker. It goes against our guidelines to offer incentives for reviews.

Trading with LexaTrade: Takeaway

The dropdown menus have vague names, and as such, the categories inside them seem almost arbitrary. We have read each section and can confirm that everything is filled in properly, and the conditions are not fake. Moreover, if anything goes wrong, it is possible to fill in a complaint form, and the company will try to solve the issue. Note that some of them are fairly high, but that’s precisely why there is such a detailed sheet – so you wouldn’t get caught unawares.

It opened just earlier this year and has attracted a good bit of attention as such. In our Lexatrade review, we’ll look at how beneficial it is for customers compared to other options. Overall this is a promising broker but a few tweaks here and there would make it a better one.

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. Apparently, these customer LexaTrade reviews clearly reflect the broker’s honest and quality trading services, contrary to some maligning customer reviews that try to dent broker’s reputation. These clients are proof enough that LexaTrade is far from what others think about the broker and its services. Clients were not even all praises in the entirety of broker’s services, leaving some room for improvement and giving us a clear indication that LexaTrade also has its shares of flaws and setbacks. However, these shortcomings are way different from allegations of fraudulent acts and schemes.

And besides, if you really want to do advanced technical analysis, LexaTrade offers Meta Trader 4 so you can have the best of both worlds. At first, I liked that the broker has a wide choice of accounts and has educational material. But then I lost more than $2000 during two months. Support desk doesn’t answer for a long time, and no one’s gonna pay me back.

You should fill in the basic personal information, including your name, email, and contact number. It can be concluded that LexaTrade official site is a legitimate business entity and is a regulated broker. Yet, questions remain whether this regulatory affiliation is strong enough to set aside fears of losing trading funds of clients in the event of insolvency.

Altogether, it’s just a middle-of-the-pack broker, and there are a ton of similar companies out there. 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. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back. The case with its funding is much of the same, as there are some things that look good.

However, better options are present online, and it’s easy for most traders to switch. As such, our Lexatrade review isn’t off to the greatest start. The broker’s offer does actually seem decent enough, but the presentation isn’t up to par. We’ll see if the broker’s functional prowess ends up improving what we think. 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.

Up till now the didn’t pay, the keep pretending by calling. I said the should refund my money am not interested. They are asking for my marriage certificate before the can pay. The said the can’t refund me without marriage certificate.

As such, the broker covers all three important fronts. So there’s the argument that some regulation is better than none, and that does hold up. But there’s also the fact that while it’s better than nothing, it’s not a significant improvement.

The default proprietary platform is good enough, with an intuitive interface and a solid set of analytical features. As such, we can’t hold the deposit requirement for MT4 against the broker too much. But as we said, we don’t like paywalls for core features as a practice, although you may not mind them at all. As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows.

Look at one more LexaTrade forex brokers review by Phillip from the UK. It is a good example of unfounded accusations. Trading is a very high-risk job, which rests entirely on the trader. If you are a beginner or your strategy is not precise, there is a high probability of loss, and it is not the broker’s fault. We will feature some feedback and LexaTrade broker reviews of current clients to give us some first-hand experiences with the broker and how they feel toward their service provider.

If the forex market is volatile, the commodities markets go through even higher levels of volatility, which means trades must be carefully decided upon. LexaTrade’s live support team is also available to help any client with it. Trading with LexaTrade lets you invest in globally-traded assets like U.S. oil, Brent, and spot gold.

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