It is a trading brand of Swissone Group Ltd. based in Saint Vincent and Grenadines. The Reporting Season is the most profitable period in financial markets, and LexaTrade makes it a point to highlight this. It encourages its traders to participate in a program to maximize gains.
It ensures clients’ protection from cyber theft and market risks because they are very common in trading. Clients have also praised its safety and convenience, among all other qualities. LexaTrade has certainly made it big in the trading industry, so let’s find out what makes it a cut above the rest.
- Lexatrade broker offers trading worldwide but doesn’t have all the licenses to do so.
- Today, the broker positions itself in foreign exchange market as one of the most successful.
- These clients are proof enough that LexaTrade is far from what others think about the broker and its services.
- False statements like these are easy to create but have a dangerous impact on the broker’s reputation.
It is equipped with over 170 trading instruments, various tools, and timely risk management that provide a quality trading experience overall. So, investment in creating its platform demonstrates broker development and rejects that LexaTrade scam. Aside from Web platform, LexaTrade also offers another powerful XCritical trading platform. The XCritical mobile app has an intuitive and simple interface that easily helps traders navigate the platform. Traders can also easily track the movement of market prices and get timely feeds of current forex forecasts through the functionality of XCritical mobile apps.
LexaTrade Scam Indicators: Pros and Cons Recap
On top of these account types, a Demo Account is a good way for novice traders to test the trading environment and platforms of LexaTrade. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks.
We had thought it best to quote them directly here for the readers to see. Trading is a high-risking activity, and each trader decides himself how to interpret information. Keep reading to know what the online trading community thinks about the Lexatrade broker. This alone raises considerable doubt as LexaTrade’s users are simply not assured of legal means to recover or compensate for the potential untimely loss of funds. LexaTrade’s lack of regulation is something we should not gloss over regardless of the firm’s advantageous features.
LexaTrade markets itself as a user-friendly platform designed for both beginners and experienced traders. The platform also offers different account types, each catering to various levels of trading experience. 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 is a relatively new broker in the online trading space, offering a range of financial instruments, including Forex, CFDs, stocks, commodities, and indices.
Accounts
LexaTrade lists the world’s biggest stocks, previous revenue, and forecasts. It also includes the date when the forecasted value is expected to happen so traders can prepare. 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. The first LexaTrade review is found on TrustPilot’s page and the other one is written on LexaTrade’s Facebook page. Both statements did not detail Urbanek’s issues with the broker, and only proceeded to create false statements about it.
Regulatory Status and Safety
These patterns align with other known scams in the financial sector, where similar methods are used to extract and retain funds from investors without delivering on the advertised services. In terms of financial instruments, account type gives users access to forex, cryptocurrency, commodities, and limited stock assets. The broker is headquartered in Saint Vincent and the Grenadines, a popular domicile to offshore brokers (since most brokers based in Saint Vincent and the Grenadines are unregulated brokers). Its first year of operation revolved around managing cash transactions in real-time trading using PAMM accounts. 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. Some are legitimate issues and concerns, while others were scammed by LexaTrade — false claims crafted by competing companies.
Risk Warning:
- Gaining more traders, LexaTrade expanded its services to different jurisdictions across continents.
- The platform also offers different account types, each catering to various levels of trading experience.
- LexaTrade claims to be an online brokerage offering access to various financial instruments such as forex, indices, and commodities.
- The platforms are designed to be accessible, intuitive, and feature-rich.
- The phrase you could lose more money than you began with is embedded in every risk disclaimer, and every trader should be aware of this before trading.
- What the reading of review ultimately provides its readers is a fair assessment and perspective of LexaTrade.
Since the functions of the platform are separated, traders can also open and close transactions without delay and set Stop Loss and Take Profit quickly. The mobile app also provides brokers with the current account balance to easily check and replenish it when needed. LexaTrade offers a competitive range of trading instruments and features, making it a suitable choice for both beginner and experienced traders. The platform’s user-friendly design, multiple account options, and access to popular trading platforms such as WebTrader and MT4 make it an attractive option. However, the lack of major regulatory oversight could be a concern for some traders who prioritize security and transparency.
Our review will provide a rundown of Lexatrade’s trading service features, conditions, and other important aspects of its brokerage service. According to LexaTrade rezension, it supports four financial markets. Company provides a brief overview of each market and a short list of assets, which clients can trade. LexaTrade wants to make sure their clients are knowledgeable about any trade before they begin. Knowing which markets and assets you can trade is an integral part of choosing a broker. Some brokerage firms offer more assets than others, and that’s what makes them the preferred choice by traders.
Real Client Reviews on LexaTrade Forex Broker
LexaTrade is an online financial services company thats been providing superior and transparent trading services to all traders across the world in the trading markets. LexaTrade offers diverse trading instruments such as Forex, Commodities, Indices and Shares. LexaTrade is licensed and regulated by the International Financial Market Relations Regulation Center (IFMRRC).
Trading Instruments
Now we will delve deeper into the specifications of each account type and choose which is most fitting to each trader. One of the best services provided by LexaTrade is its trading platform, which was developed to incorporate unique features of the broker better. But other than that, LexaTrade also offers the MetaTrader4 and XCritical mobile app. LexaTrade imposes high-grade security measures across all its services.
LexaTrade broker might just be another victim of either ignorance or outright fabrication. While LexaTrade reviews may be considered to topple the negative lexatrade news bandwagon against forex broker, it does not change that all reviews found online are polarizing and altogether divisive. In LexaTrade review, the writer had highlighted LexaTrade’s provision of deposits commission. In addition, he or she had also brought the capability given to LexaTrade users to trade without any restrictions.