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. LexaTrade has often been found on the negative side of things when it comes to client reviews. However, it is crucial to note that not all client reviews came from the real clients of the broker. Black propaganda against the broker being stirred by its competitors can be another possibility to take into account.

You are also given higher yields on investment portfolios, privileged passive income, priority participation in focus groups, and invitations to investor conferences. This account also opens the opportunity to trade currencies, commodities, cryptocurrencies, and stock assets. This account is most recommended for expert traders with years of experience in the industry. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways.

Scams prior to now have given day buying and selling a foul name. And get wealthy schemes that promise nice wealth in a matter of weeks or months are reckless and unlikely to pan out. First of all, traders can earn on Lexatrade through a system of discounts and bonuses from the cashback service, performing trading operations on their account.

lexatrade overview

LexaTrade offers trading instruments in stocks, shares, commodities, and foreign exchange markets. Currently, the broker has over 200 trading instruments offered to its traders. LexaTrade developed its own proprietary trading platform that displays a high-level of functionality, speed, and profitability. It has an intuitive interface and highly-functioning terminals that make trading comfortable with minimal risks. This platform contains more than 170 trading assets and tools that provide quality trading experience.

Is Lexatrade The Right Choice For You?

When an existing client successfully gets another trader to sign up with LexaTrade, the client is awarded with up to 50% of the deposited amount of the new client. Any existing trader can sign up to participate in the program and receive amazing bonuses that come with it.

lexatrade overview

Further, the site presents customer reviews, which are positioned as real reviews of real people. This time, we will feature some of the feedback and reviews of current LexaTrade clients to give us some first-hand experiences with the broker and how they feel toward their service provider. This enables safe trading using modern technologies and does not require downloading and installing platform software. forex The MT4 Terminal is compatible with any desktop computer and operating systems. It has listing charts for changing time ranges and combines many commercial operations. LexaTrade’s funding options are limited to the following – VISA/Mastercard, cryptocurrency, Skrill, Neteller, and Arangepay. A 5% additional commission is charged for clients conducting less than 5 independent transactions.

Dowmarkets is an emerging brokerage site that traders old and new have to watch out for. forex And yes, you guessed it right, there will be a giveaway for those who post good reviews.

Is Lexatrade An Ecn Broker?

In this part of the review, we will get to know LexaTrade’s most important services and how they shape a world-class broker. For starters, LexaTrade has a “Refer a Friend” program, which allows an existing client to benefit from sharing the services of LexaTrade to friends and fellow traders. This program entails any existing client to receive 50% of the deposited amount of any new trader that they’ve successfully encouraged to sign up with LexaTrade.

lexatrade overview

But then, it must be noted that the success of trades are not necessarily reliant on the type of broker that a trader enlists, but by the strategies that he or she employs. To serve the cause, the review team had performed an exhaustive test on the offers and services that LexaTrade makes available to its clients. The review team had also made sure to make use all of the functions of the firm’s site. Subscribing to Social Media might not be the best idea to get an impression about the brokerage firm, LexaTrade. Fact of the matter is going to sites like Facebook will only prove to be one frustrating affair. Accusations of fraud and scam not only against LexaTrade, but also with a number of trading firms, are commonplace when we consult Social Media platforms and web forums.

Official Lexatrade Website

To anybody thinking of putting your hard earned money here I would advice do not for your own good . Now that we have reviewed the most important points about LexaTrade, we can come up with a verdict. According to all the information that we have gathered, this is a legit broker. LexaTrade does not lie to its customers with the prices; everything is transparent and can be checked.

On the other side of the coin, online LexaTrade reviews do not always lean toward the negative. A number of broker review sites also have positive views on the firm. These good points are lodged in light of LexaTrade’s offered incentives, bonuses, and promotions that aim at inviting more traders to enlist with them. These reviews were found to be detailed and enlightening toward the possible misconceptions forex analytics regarding the brokerage’s services. Regardless if one is a novice or a seasoned trader, he or she is not impervious to falling for bad reviews on a brokerage he or she might not be thinking of signing up for. Trading is a gamble and investing in markets through a brokerage firm is no joke. And the presence of negative reviews does espouse a great deal of misgivings, and worse, paranoia.

$10 Minimum Deposit

The presence of an economic calendar and a list of upcoming events makes trading simple and straightforward. The terminals are equipped with everything necessary for quick response to changes in the value of assets. A set of built-in signals allows you to accurately enter the market and earn money at every opportunity. Analytical tables and graphs clearly demonstrate the trend dynamics and help to build up-to-date forecasts. Please include your first and last name, email address and country. For prompt communication with technical support, you will also need an up-to-date mobile phone number. Enter only real data, otherwise further verification will become problematic.

  • I would counsel starting with no less than 500 so that you do have a chance of restoration if a few trades go south.
  • There have been quite a number of merchants or on there who blew their accounts, and hence follower’s allocations by taking high risks .
  • To sign up for any of the above-mentioned account types with Lexatrade, all you have to do is simply fill in the online registration form available on its official site.
  • Students who have been convinced by this marketing can go ahead and contact where they will “place reservations” for the learning experience.
  • The main feature of the financial pyramid is the offer of “free cheese in a mousetrap.” We can’t find much information at the lexatrade.com site.
  • LexaTrade’s provision of these platforms allow for good options on where to transact their trades.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Singapore’s financial markets are regulated by the Monetary Authority of Singapore . With apply, expertise, and a little little bit of luck, they find excessive chance trades that permit them to make glorious cash in day buying and selling. If you set in time and money necessary to construct expertise, you might turn out to be certainly one of them. In 2010, LexaTrade released the LexaTrade OpenBook social funding platform, together forex trading with its “CopyTrading” function. The LexaTrade buying and selling platform permits traders to view, comply with and duplicate the network’s prime merchants mechanically.

No doubt, this is the best account among all that have been mentioned, but it does not come cheap. Traders can access this account with a minimum deposit of $100,000. However, the perks and advantages of this account surely pay off.

False Claims About Lexatrade: Analyzing Negative Reviews

This is why reviews like these are most often created by competitors. This broker has even developed lexatrade overview its own platform that will carry the brand and the quality of services expected of LexaTrade.