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LexaTrade Review 2023 Information about LexaTrade Forex Broker

The broker in question is more focused on working with corporate clients, but does not deny registration to ordinary individuals. Based on this user feedback, it appears that LexaTrade is not a trustworthy broker, and hence, extreme caution should be applied before investing lexatrade login through their brokerage platform. Select the Asset you would like to trade using the Dropdown Menu. So LexaTrade is currently not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws.

  • Your first point of contact is with a customer support bot that provides links to articles related to the question you ask.
  • From offering a variety of tradable assets to integrating advanced trading tools, Lexatrade has many essential features that guarantee convenience.
  • There are way too many categories on, and navigating around the website is challenging.
  • LexaTrade are considered safe as they are regulated by and checked for conduct by the Malta Financial Services Authority .

Unfortunately, when a broker looks like it’s a rushed project, it’s often a scam. That isn’t an exact rule, but it’s something we’ve found to be true more often than not. The same goes for visuals, as the various elements are glaringly mismatched.

WikiFX App: Navigating the Complex World of Forex Trading Made Simple

This broker offers a balanced mix of functionality and user-friendliness. 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. Aside from throwing shades to the broker, some online client reviews also burst out that LexaTrade scammed them by not allowing them to withdraw their funds from their accounts. Often you have to visit and read many broker websites all of which have different uses of language. Due to this, it can be a little confusing understanding of how things work but they actually function in much the same way. We could not work out if there was any leverage and the initial deposit is quite high potentially pricing out newer traders.

We provide our clients with American and European brokerage level services. We know how important broker quality is to a trader’s commercial success. That is the real reason why Oxtrade emphasizes a high level of service and a wide spectrum of intellectual services. In addition, the broker dedicates great attention to professional preparation of novice traders, while at the same time meeting the high-level needs of sophisticated players in the market. Oxtrade works with clients from all over the world, guaranteeing the most favorable terms and providing high quality access to the world’s financial markets. Low latency fibre optic and Equinix NY4 server, and free low latency collocated VPS available.

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Stay informed with real-time market insights, actionable trade ideas and professional guidance. You will find Weekly Market Outlooks, Daily Technical Reports, and Daily Market Briefs. All of these have descriptive headlines and indicate which category of a report they fall into. They then include brief explanations of the topic as well as projected forex impacts. One very useful feature of Advanced Trader is the automatic pattern detection.

All we could find is that withdrawal processing takes up to 24 business hours and that a representative will contact the client in order to complete the processing of the withdrawal. You can also access Islamic swap-free accounts and a demo trading account. You can also choose the option on which regulator you want to trade with. This is a great offering covering all the major markets across all the different asset classes. Touch ID is an electronic fingerprint recognition feature that allows users to unlock access to the trading platform.

Category Archive : Forex reviews

The methods for deposit are Visa, CryptoWallet and e-Payouts and we assume the same methods will be used for withdrawals, although LexaTrade doesn’t mention this specifically. 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. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.

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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. As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows. Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest. Lexatrade has five different account types covering budget and high-end options. The broker uses a tiered account progression where each type requires you to reach a specific threshold.

The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge. It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable. Also keep in mind that the company is regulated , 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.

LexaTrade Frequently Asked Questions

What you need to keep an eye on are trading fees and non-trading fees. The account opening process is strictly regulated due to the imposed anti-money laundering regulations and the due diligence obligations of Swiss banks. As a result, the account verification and the resulting clarifications require standard (e.g. proof of residency, etc) and/or other specific documentation. Lexatrade has turned out to be a smooth fraudulent operation to scam people. I put in very large sums with the hope that when the corpus grows I will withdraw per a plan. Unfortunately, it is almost impossible to get the money back from this type of broker.

A bunch of cheaters who have looten thousand of ppl till now n this may be ascertained from the reviews. They make false promises and convince you to invest money with a minimum amount of $250 once u visit the site. N then…u r trapped… B sure ..ur money is gone within days… I lost my 250 dollars within night.

Trade Forex, indices and commodities with Eightcap to experience the multi-award-winning MT4 platform. The same intuitive interface, robot trading capabilities and advanced charting package are all built on our rock-solid technology infrastructure. As an intuitive and fully customizable trading interface, MT4 provides a smooth and efficient trading experience for serious traders. Plan your trades effectively with our wide range of free trading tools.

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Why do some companies think it’s right to refuse customers the service they deserve and realise the significance of a human response. With the LexaTrade Diet, users consume a maximum of 600 calories daily by eating three LexaTrade products. Each LexaTrade diet product measures 200 calories so there is no measuring or weighing of food necessary. Trading fees are easy to see on the order panel before submission, but it is relativelyhard to get a clear reporton all the fees you paid. For example, you need to wait 30 minutes to have your asset statement compiled.

The Conversion fee is dependant on your base currency, your recieving currency, your payment provider. Modern high-speed trading platform, with simple trading features. Variety of trading tools, automatic signals about profitable deals. Bonus programs, low spreads, 0% commission, multi-language call center. This means that when you open an account with $5,000 dollars, we will add to your account another $1,500 dollars.

With Lexatrade you can trade on more than 1,700+ financial CFD instruments covering all the major asset classes including Forex, stocks, indices, commodities, bonds and cryptocurrencies. It is worth mentioning that some of the trading products and services in this LexaTrade review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the LexaTrade broker website which you can visit by using the link below. LexaTrade is a trading broker with an international repute offering high-speed execution competitive spreads in a wide range of instruments. They give traders access to major markets like currencies, indices, commodities and shares.

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The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. Metatrader works flawlessly and gives you direct access to the markets. The trading platforms are evidence of high security and have been in use for many years. There are also other newbie-baiting features, such as the bonus that Lexatrade offers. A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages.

Please read LexaTrade Reviews below and share your live trading experiences with this broker. Get started with Blood Red Skies and get up to speed with everything the game has to offer with the Scramble! In addition to the Battle of Midway starter set, this collection arms you with the full Blood Red Skies expanded… 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. So the regulation may impose negligible limits on the broker while generating a false sense of confidence for potential customers.

The dropdown menus have vague names, and as such, the categories inside them seem almost arbitrary. Avoid abusive language and personal attacks, directed either at the broker or the author. Sir / madam in this regard I searched the company address of India. I used to trade in crypto, then I moved to the foreign exchange market. And stay alert, scammers like lexa trade are present here too, misguiding the public.

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Bitcoin Loophole is a trusted trading software with the most impressive strength-index for profit generation. This may be perfect for clients who find so many account choices rather more of a burden. Read here the reviews of customers, view the contact information of the webshop & see if they are legit.

Benefit from regulatory compliance, fast setup and onboarding, market-tested technology, easy deployment and granular reporting. Family OfficesFor private financial agencies that manage investments on behalf of high net worth families and groups. Enjoy a choice of jurisdiction, easy asset transfer and utmost investor protection with a globally licensed, award-winning platform.

It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. Build your confidence and knowledge with a wealth of educational tools and online resources. Trade 5,500+ global markets including 80+ forex pairs, thousands of shares, popular cryptocurrencies and more.

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