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However, this education focus goes beyond simply providing educational material. Lexa gives you extensive information about what you can or can’t do with different types of account, as well as a full sheet of fixed low spreads for all occasions. It should be noted that, although they confine you to the poor conditions when compared to the usual exchanges, they also rarely cheat you.

It’s not simply about getting less spreads and more monitors on the trading system. The bigger account types have faster withdrawing speed, and they increasingly get to use the help from professional analysts. I may give you all of the prove and the long quantity with alphabets and numeric where he stated I should send the money. The enormous leverage with which you’ll commerce may be very tempting, however deadly on your account. If you need to commerce with excessive trusted broker and reliable then we advocate you to trade with the iqoption.

Why Lexatrade?

I made a several withdrawals from LexaTrade and every thing was all the time okay. MetaTrader 4– LexaTrade utilizes the most popular third-party platform in the market. The MT4 is known for its optimum performance, allowing users to place trades simultaneously and conduct analyses in an efficient manner. More so, it grants access to live market prices and liquidity, all while enabling robust security and stability. The most interesting about this platform is its automated trading option, completely providing high efficacy and larger margin of profitability for its traders.

Included in the process is the funding, in which interested parties need to provide the means of funding, and the amount they want to deposit. Note, however, that the broker asks for different deposits according to which account clients will open. After setting this up, the information will then be subjected to verification.

Meta Trader

Most users will probably sign up for the Start account – the lowest-ranking one – without the second thought. So, Lexatrade is a minor Forex broker with a moderate amount of regular users. In terms of practical trading experience, Lexatrade doesn’t have too many bad sides – it’s just a regular broker with several types of products ready for trading. If you don’t, you’ll be very hard-pressed, and your entire experience here will be pretty lousy.

• XCritical- Another external platform that LexaTrade offers is the xCritical system.
• So, if you have a question or a problem, you can contact the support and they’ll most likely help.
• The regulars on Lexa will disagree, and it’s their right, they’ve already made some money out of it.
• With LexaTrade, you not only get skilled assist, but you also get private assistance.
• In terms of practical trading experience, Lexatrade doesn’t have too many bad sides – it’s just a regular broker with several types of products ready for trading.

So, Lexatrade is either not controlled by any institutions at all or has only a token regulation. They have some very interesting ideas and offers, but it’s also understandable why so many people are pushed away from https://forex-review.net/lexatrade/ this broker. A lot of those scam has been unearthed, however some are nonetheless operating today. The worst part is that many new merchants are still falling victims of such scams on a daily forex trading basis.

LexaTrade Forex Broker

With LexaTrade, traders needn’t be concerned as they’re a member of the Investment Compensation Fund scheme. The fund entitled traders to say lexatrade scam as much as a maximum of 20,000 euros. LexaTrade have moved away from platform supplier TechFinancials, and developed a new bespoke platform. If one is to look for the company’s web rating, an engine search on the internet will render negative LexaTrade broker reviews. While we cannot fully dismiss the possible fraudulent activities, we also have to take into account their reliability and if these claims have substantial bases.

There are just so many frauds amongst brokers that an honest one, albeit one with poor trading conditions, is somehow very welcome. So, unless you deposit at least 3 grand, you’re stuck with the basest of basics of trading. Furthemore, you also get worse treatment than the guys who put more money into their Lexatrade wallets. The regulars on Lexa will disagree, and it’s their right, they’ve already made some money out of it. However, those who still only contemplate working with them should look elsewhere. Note that some of them are fairly high, but that’s precisely why there is such a detailed sheet – so you wouldn’t get caught unawares.

The user rating

It is equipped with powerful instruments for encompassing and holistic trading experience. Its Customer Service Automation also known as the CRM fully integrates various payment processing systems. The use of xCritical also ensures stability, from deposits up to actual trading.

And even this is very well done, and the local financial specialists are truly helpful most of the time. There are no loud complaints about cheating from Lexa, even though they are always abundant. But if it’s not fraudulent now, it is still domineering, uncomfortable and fishy.

Warning: LexaTrade Is An Organised Scam Service Use: Livelength Of Use: Over 1 Year

After going through successful evaluation, clients are given their login information and may already start live trading. As for the disadvantages it carries, its reputation is tainted mainly from the absence of tight regulatory oversight. In addition to this, clients’ queries are given resolution in an untimely manner, which only adds to reasons why it has been receiving negative feedback from its clients. Lastly, it charges daunting fees including a 5% commission from clients with less than 5 transactions. Its ultimatum for those inactive clients also came as a disadvantage as it charges 5% every month.