LexaTrade Review: Honest Feedback on a Global Broker

You can open positions, check your account, execute trades without delay. Using XCritical mobile app, you can set stop loss, take profit levels, track the movement of various assets’ quotes, know currency forecasts, and check your account balance at any time. LexaTrade’s MT4 web terminal is a safe, secure trading platform that uses advanced technology and high-quality terminal work. It is compatible with any browser and can combine various commercial operations. It also provides listing charts that can be customized according to shifting time ranges.

The financial products offered by the companies listed on this site pose a high risk and can lead to the loss of all your funds. When trading stocks, CFDs, or other derivatives, consider whether you understand the function of differential contracts and be aware of the high risk of losing your funds. MT4 is the platform of choice for professional traders, while the proprietary platform caters more to beginners. However, the proprietary platform’s lack of sophistication may not satisfy advanced users.

VIP Account

It is commonplace to read comments on your favorite social media platform and web forum. These red flags are not definitive proof of fraud on their own, but taken together, they paint a troubling picture. A broker exhibiting all of these signs is highly likely to be illegitimate or operating in a way that is not in the best interest of its clients. Aside from hefty welcome bonuses ranging from 30% to 120% of initial deposit, LexaTrade also gives a referral bonus. This is awarded to a trader who refers a friend to trade with broker.

Dollars Markets Review – Good, but be careful

It is definitely more expensive than the Silver Account, but quality always comes with a price. LexaTrade ensures that all client funds are kept in a segregated account from the company’s funds. While some users praise the educational tools and platform usability, these positive experiences are overshadowed by the negative feedback.

• The platforms are designed to be accessible, intuitive, and feature-rich.
• They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero.
• It was curated specifically for advanced traders who invest both in short and long-term.
• These materials gear towards beginning traders who are still in the process of acquiring decent knowledge about trading.

Customer Support

There will always appear negative reviews about every broker, even the most trusted ones. This is a simple fact in the trading industry, where competition can sometimes be cutthroat. Below is an analysis of some negative reviews hurled towards LexaTrade. LexaTrade official site provides a brief overview of every financial market, prioritizing currencies, commodities, and indices/shares.

Final Verdict: Avoid LexaTrade

Platinum account of LexaTrade broker takes the advantages and perks of previous accounts to a higher level. It was curated specifically for advanced traders who invest both in short and long-term. It comes with unique perks that will be very useful to professional traders.

Real LexaTrade Clients Reviews

Unfortunately, LexaTrade forex broker does not offer a demo account, where beginners can make their first steps in trading, and professional traders improve strategies. It is not a major shortcoming, but it may, to some extent, discourage some users. LexaTrade raises numerous concerns that seriously undermine its lexatrade legitimacy as a forex and CFD broker. One hallmark of a trustworthy broker is responsive and reliable customer support. LexaTrade claims to offer 24/5 support via live chat, email, and phone.

We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice.

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. One of the most crucial elements of a broker’s legitimacy is its regulatory status. LexaTrade does not appear to be regulated by any major or recognized authority. In many cases, it is affiliated with jurisdictions that lack enforcement power or have minimal standards for financial companies. Broker attracted me precisely with this – in all LexaTrade reviews, it is distinguished by reliability and honesty of the company.

XCritical mobile app

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….

However, LexaTrade reviews found online do not always lean toward negative. Subscribing to Social Media might not be the best idea to get an impression about the broker LexaTrade. The fact of the matter is, going to sites like Facebook will only prove to be one frustrating affair. Accusations of fraud and scam not only against LexaTrade but also with many brokers.

• It then enhanced its offered trading solutions and its trading assets and instruments in the following years and groomed itself to become an emerging online brokerage brand.
• One of the most popular bonuses it offers is the Refer a Friend program.
• While these promises sound enticing, they are unrealistic in the volatile and unpredictable cryptocurrency market.

In comments on one forum, I read the information that «LexaTrade courses scam,» fraud, etc. Then he learned from a friend working with this company that all this is complete nonsense. As a result, I opened an account there, on which I have been trading for six months. 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.