The broker provides 24/5 market news coverage through daily and weekly reviews as well as quarterly outlooks, video briefs and special reports. There are a series of free live trading and educational webinars lexatrade scammers being offered on the daily in more than 5 languages. Education is where LexaTrade has clearly invested time and effort; they have created an outstanding introduction to trading for new clients to consider.
Andorid mobile devices and tablets are used by millions of people globally. Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees.
As such, it represents a less capable version of the MT4/MT5 web versions. Automated trading is marketed with the use of pending orders, failing to capture the essence of this emerging sector. Sometimes withdrawals can take up to 10 to 15 working days and sometimes even longer depending on the region, location or payment processor. Please be noted that all information provided by ThatSucks.com are based on scammed by lexatrade our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person. It is simple and provides more options than other brokers.
Live-chat, direct call and email options can all be used to contact customer support if need be. LexaTrade offers a software solution centred around the MetaTrader4 platform, which of course, includes a vast array of solutions and detailed trading features. MT5 is also offered, in addition to web trading, mobile trading, and desktop trading capabilities. Brokers in Switzerland are required euro dollar forecast to register with the Swiss regulator FINMA. Despite this, they have registered with the financial regulator for Cyprus, CySEC. Registration with this regulator puts them in full compliance with the relevant EU financial legislation. This legislation includes protection for client deposits in the form of the Investor Compensation Fund, with each investor having protection up to €20,000.
Terrible Service Use: Livelength Of Use: 0
Only five withdrawal options are listed, which was a bit surprising. The education section is where LexaTrade clearly placed their visible effort. At the core is the Trading Academy, categorized into Beginner, Intermediate, and Advanced lessons. Each section consists of five to six video lessons with a quiz to summarize the content. Enhancing educational content are Live Webinars in English, German, and Italian. Registration is required, but attendance is free of charge. Autochartist is available to all traders and represents a valuable research tool.
LexaTrade platform arranges withdrawal options with a good range of supported payment methods. Overall, there are almost only benefits for traders at LexaTrade. To make this review transparent, of course, we’ve looked at other brokers in this area. The spreads could be a bit smaller in comparison, but the broker would have to cut back on other offers.
Binary options trading is also a high-risk investment tool. For the demo account, you need to register and contact your account manager in order to have demo funds added. Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage swing trading strategies to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line. The trading conditions offered by LexaTrade indicate that the broker makes continuous efforts to remain one of the industry leaders.
LexaTrade Risk Disclosure
LexaTrade also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move. LexaTrade is a global trading platform in the sense that it operates in 194 countries including nations in Europe, Asia, Oceania, and Africa. Major countries LexaTrade covers include the UK, Germany, Australia, South Africa, Thailand and China. LexaTrade are not supervised or regulated by any well known regulatory bodies.
Also, the LexaTrade team being a holding serves entities in Cyprus, Germany, and other offices where it is all authorized to deliver trading opportunities. Inactivity is when the client has not opened or closed trade and has not made any transactions.
LexaTrade Fees Explained
The website is relatively easy to navigate and translated into 23 languages. The trading platforms are suited to both experienced traders as well as beginners . The Help Center is well organized so you can find the information you’re looking for without the need to contact support. US clients are not accepted; Demo accounts are available. Over 15 years experience in forex, commodities and equities markets research.
- Withdrawing money from LexaTrade processing time varies depending on the method but averages 2-5 days.
- We are more than happy to investigate this for you further if you can share your trading account number, and we can provide you with a more comprehensive reponse.
- After months of waiting for this company to accept my withdrawal request which they denied, They locked my account and stopped responding to my mails.
- Despite the fact that this is a relatively new broker, it must be noted how quickly it gained popularity and sympathy among numerous traders.
- It does not represent the opinions of Herald Sheets on whether to buy, sell, or hold any investment assets.
- And this makes trading with such a broker interesting if only the platforms were secure and stable.
How can a broker such as LexaTrade who claims to be internationally recognized fail to have forex indices licensing documents? Simple reason is because they don’t have any valid credentials.
Is LexaTrade Legit
We recommend you carefully read the documentation that’s available on their website. As far as accounts go, LexaTrade did do well in enabling multiple types, although most have some fault to them. Starting off, we have the demo, and you can’t really go wrong with that.
LexaTrade has more than 1.5 million clients from over 186 countries, as well as serving an exclusive Member club that has more than 1.5 million traders. Finally, we should take a closer look at the fees and costs at LexaTrade. As you have read in the previous sections, spreads may fluctuate depending on your asset and market conditions. These are the trading fees whereby the broker earns his money. This makes it possible to respond more specifically to the wishes of traders. For example, lower spreads can only be activated if the trading volume is high so that the broker still makes enough profit. LexaTrade is very well positioned with 4 types of accounts and thus clearly sets itself apart from its competitors.
Am very upset about my experience and i will not recommend anyone to go to LexaTrade and I am still shocked the traders advised me to trade with over 50% of my balance, I have had the worst experience ever. They Lure customers to deposit large sum of money and make them loose for their own benefit.
This is an account with virtual money, which imitates the real money trade. In addition, experienced traders can develop new strategies or even try new unknown assets to trade. From our experiences and tests, the customer service at LexaTrade is awesome. Only a few other brokers can offer such a service to a trader. Every day webinars are organized and there are competent market analyzes for every customer. Also, trading signals can offer the broker, which had a high hit rate in the past.