LexaTrade Company Profile

Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc. However, the broker has a low user rating, with mixed reviews as some complain about the platform while others appraise it. So, to help you out in deciding whether it’s a worthy broker, let’s take an in-depth look at the platform with our detailed LexaTrade review. LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability.

Company

The overall structure of the accounts at LexaTrade is too expensive in my opinion and putting a $10,000 barrier between the trader and MT4 means that the majority of clients will not use this platform. 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. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader.

The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165. Also keep in mind that the company is regulated (IFMRRC), which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all. That being said, caution should be used anytime money is involved, with all brokers, old or new. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker. This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. At a glance, it seems amazing platform and opportunity to earn trading profit with LexaTrade experts.

LexaTrade Bonus

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. Overall, Lexatrade stands out as a reliable brokerage for forex and crypto traders, offering a solid combination of educational resources, customer support, and trading tools. While it has some drawbacks like limited geographical availability, its pros greatly outweigh the cons, making it a desirable choice for traders aiming for success in the financial markets.

That being said, they are very new at the time of this review, so there is time for improvement. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. Brokers required various licenses and regulators’ approval to serve investors and traders.

The broker doesn’t lexatrade owner hide the fact that it’s trying to goad you into depositing more. LexaTrade is a financial trading platform that offers a range of financial instruments for traders to choose from, including contracts for difference (CFDs), foreign exchange (FX), and cryptocurrencies. LexaTrade customer support is very impressive as it offers full-time support with 24/7 operating hours. The broker can be reached through multiple channels, including phone line and email. The support team is problem-solving and responds quickly, so the overall communication with the team was great.

1. Lower deposits, more information about deposits and withdrawals, a basic FAQ, and a demo account are just a few adjustments that would go a long way and would make LexaTrade a higher-tier broker.
2. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified.
3. Members also engaged in health care fraud by having doctors issue unnecessary prescriptions for expensive compound cream, court papers say.
4. LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability.
5. Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc.

People who looked at this company also looked at

LexaTrade provides access to popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. Members also engaged in health care fraud by having doctors issue unnecessary prescriptions for expensive compound cream, court papers say. The organization obtained roughly $3 million of contraband cigarettes and stole credit card information to make new fraudulent cards as well, according to the indictment. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Claim your profile to access Trustpilot’s free business tools and connect with customers. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge.

Is LexaTrade a Scam? Honest Review 2023

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. Live chat support was available at the time of our visit but a bit slow to answer. Each account type comes with its own set of perks, with the higher account types offering the best perks and benefits. They even have affiliates who individually promote platforms to others and force them to invest maximum money. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities.

Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. A mobile platform is available but Demo accounts are not; US traders are not accepted. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. Overall this is a promising broker but a few tweaks here and there would make it a better one. Lower deposits, more information about deposits and withdrawals, a basic FAQ, and a demo account are just a few adjustments that would go a long way and would make LexaTrade a higher-tier broker.