Lexatrade Traders Reviews 2025 All You Need to Know
The broker uses a tiered account progression where each type requires you to reach a specific threshold. One fact that’s relieving and concerning at the same time is the broker’s choice of the regulator. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. 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.
Lexatrade’s Trading Platform
If you purchased a website from Lexatrade that is currently for sale, and you did not receive what you paid for, you may be a victim of a scam. To try and get your money back, you can try contacting the seller, filing a dispute with the payment platform, or reporting the seller to the relevant authorities. 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. But considering various reviews, we found that their so-called experts have very less knowledge and most trade signals are loss-making. Organization and company which provides financial services need to obey various policies and get approval from regulators in every jurisdiction. Of course, the broker has options for downloadable terminals, web platforms, and mobile apps.
Lexatrade Reviews and Complaints
That’s especially true if the bonus goes as high as it does at lexatrade.com. A mobile platform is available but Demo accounts are not; US traders are not accepted. At first glance, LexaTrade appears to be an attractive option for both novice and seasoned cryptocurrency traders. The platform promotes itself as a simple, user-friendly way to trade popular cryptocurrencies like Bitcoin, Ethereum, and more. It highlights intuitive tools, automated trading strategies, and the potential https://traderoom.info/lexatrade-review-pros-cons-and-verdict/ for high returns with minimal effort. Hope the above information is enough to know the basics of LexaTarde, account types, its services, fees and referral program.
- There are 5 account types and the capital amount required to get started with them ranges from $250 on the lower end to $100,000 on the upper side.
- EvenInsight.com is a venture of Even Insight Technology and a website for cyber security and analysis.
- Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc.
- However, the broker is not regulated by any known financial authority at the moment.
- We are not responsible for incorrect or outdated information within our online trading broker reviews and you should confirm all data directly with the broker.
LexaTrade aims to stay updated with the current and best trading conditions that give users a great trading experience. LexaTrade provides both the MT4 and MT5 platforms for its traders, available in both desktop and web. A broker operates on the basis of MetaTrader and is rightly considered to be one of the best in the foreign exchange market. This brokerage company was one of the first to work with PAMM accounts, which allowed Lexatrade users to make financial transactions in online trading. When considering the question of what a Lexatrade forex broker is, one should remember that the platform is used by more than 2 million users from all over the world.
If you discover yourself in such a predicament, take the subsequent measures to recover your funds:
Nonetheless, if you are just starting out, then take it slow and invest only the kind of amount you are comfortable losing. Risk appetite is different from person to person which is why talking with a financial planner is always a good thing before jumping on to any conclusions. Practically speaking, they are not regulated, but over the years the kind of reputation they have earned tells us a lot about them. At the end of the review, if you have any additional queries, then leave a comment below and we will get back to you at the earliest.
We are back with our unbiased review of LexaTrade, an online trading broker company. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. One more significant concern is that the broker locks the MT4 platform behind the more expensive account types.
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. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. All providers have a large percentage of retail investor accounts that lose money when trading CFDs with their 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 markets itself as a user-friendly platform designed for both beginners and experienced traders.
LexaTrade has its own set of merits and demerits just like every other platform. While the numbers are exciting, read the terms and conditions before accepting anything. If you represent Lexatrade, take charge of your business profile by claiming it and stay informed about any new reviews or complaints submitted. Be cautious and always thoroughly vet any platform before making an investment. They do have proper policies and they follow all the guidelines such as KYC and AML policies, etc,. Moreover, the kind of efforts put up by them in educating the customers is also something that deserves recognition.
There are 5 account types and the capital amount required to get started with them ranges from $250 on the lower end to $100,000 on the upper side. 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. That means the accounts suit most strategies, and as such, can attract diverse groups of traders. Lexatrade has five different account types covering budget and high-end options.
These clients are enough proof that ‘LexaTrade scammers’ is merely a baseless claim. However, it is crucial to note that not all client reviews came from the real clients of the broker. While we adhere to strict editorial integrity, this post may contain references to products from our partners.
These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform. Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds. You should also contact your bank as soon as possible and let them know about your issue.
They even have affiliates who individually promote platforms to others and force them to invest maximum money. 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. However, few people have experienced issues ranging from technical glitches to execution errors. Their platform and interface look clean and the account types are versatile enough to accommodate both newbies and professionals. I am happy with the work of the terminal, I figured out its functionality quickly, even though, again, I had no experience.