LexaTrade is ambiguous about how deposits and withdrawals work, and we can only get come basic information in the refund policy page. The minimum withdrawal amount is 50 USD, and if a client withdraws the money without realizing 5 independent transactions, LexaTrade will charge a 5% fee. And that’s without mentioning our hunch that the broker isn’t entirely honest. Altogether, it’s just a middle-of-the-pack broker, and there are a ton of similar companies out there. It doesn’t do anything to stand out, and the vast majority of traders can easily find an option that’s both more comfortable and more powerful.

  • 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.
  • Investing in commodities can be a great way to diversify your portfolio and achieve long-term gains.
  • If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided.
  • Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition.
  • On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta 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. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader.

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The information on Forex-mag.com does not serve as an investment or trading recommendation. The server operator Almina Corp as is not a registered broker, investment advisor or broker. The financial products offered by the companies listed on this site pose a high risk and can lead to the loss of all your funds. When trading stocks, CFDs, or other derivatives, consider whether you understand the function of differential contracts and be aware of the high risk of losing your funds. LexaTrade offers tight spreads which ensures competitive trading costs.

All account types offered by LexaTrade support the use of expert advisors (EAs), automated trading systems commonly used in the Forex market. It is important to note https://cryptolisting.org/blog?offset=0&term= that LexaTrade currently operates without any valid regulatory oversight. This lack of regulation raises concerns about the safety and legitimacy of the broker.

SILVER ACCOUNT

It is regulated by the International Financial Market Relations Regulation Centre, making it a reliable broker in the forex market. The broker offers different types of accounts to its clients for better trading experience. Reading reviews from other traders who have experienced LexaTrade firsthand is crucial in determining the broker’s reliability. These reviews offer insights into the platform’s functionality, customer service, and overall trading experience, allowing potential investors to make informed decisions. LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability. The platform is designed to offer a convenient and user-friendly trading experience, with excellent terminals that make trading profitable while minimizing risks.

Forex

It’s important to carefully consider options before making any investments, and LexaTrade is a trusted broker that can help you navigate this process. With their 24-hour client service team, you can get the support you need whenever you need it. LexaTrade offers several trading instruments to choose from, with high leverage and low spreads for high liquidity and profits.

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Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. Constant vigilance should be applied at all times when trying to invest in trading platforms. The spreads of various instruments on various platforms may be readily compared and enquired about by clients using the complete spread table that LexaTrade offers. For AUD/CAD, the Mini spread is 3.8 pips, the Standard spread is 3.3 pips, The Silver spread and the Gold spread are 3 pips, and the Platinum spread is 2.3 pips. It is important to mention that there was no specific mention of commission-related details for LexaTrade.

Even for the higher accounts, the spreads are wider than those from other brokerages that require similar price points. As we said earlier in our Lexatrade review, it offers a competitive trading experience, but it gets overshadowed by better companies. Brokers Complaint is always trying to find different scam brokers present in the market as well as the new emerging scam brokers to warn traders. Through LexaTrade review our aim is to warn traders not to trade with this broker because this broker is suspected to be a scam according to the research done by our team. Also lexatrade review trustpilot , lexatrade wikipedia are also showing bad numbers.

Perhaps we’re being too harsh since if you know what you’re looking for, you’ll find it. We wouldn’t be surprised if entry-level traders couldn’t find their way around and simply decided to use another brokerage. After analyzing the detailed LexaTrade review, we can say the company is totally a scam.