LexaTrade: Dispelling Libel Against an Honest Broker

LexaTrade offers competitive spreads, with forex pairs starting from around 1.5 pips. However, fees and spreads may vary depending on the account type and the asset being traded. The spread on major currency pairs such as EUR/USD is relatively low, but the spread may widen for less liquid assets. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews.

Overview of LexaTrade Forex Broker Advantages

This feature appeals to traders looking for exposure in the stock market. Trading accounts offered by LexaTrade are categorized into different types of traders. They were set specifically for catering to beginners, intermediate, professional, advanced, and expert traders. According to LexaTrade official site, the broker provides up to five account types. They vary in features but are all promoting convenient and secure trading. LexaTrade is a forex broker that offers services in currencies, cryptocurrencies, commodities, stock, and indices trading.

Trading Services Offered

They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero. MT4 is the platform of choice for professional traders, while the proprietary platform caters more to beginners. However, the proprietary platform’s lack of sophistication may not satisfy advanced users. MetaQuotes’ most in-demand trading platform, MetaTrader 4 (MT4) is simply one of the best trading software available in the market. MT4’s interface is intuitive and has a benevolent number of tools. It permits them to trade safely with its technology without any need to download and install it on the trader’s PC or mobile device.

LexaTrade’s year of founding and the regulatory body that sanctions its activities had not been disclosed through the firm’s site. To find out the brokerage’s profile, one should consult other sites with LexaTrade reviews. While not necessarily a red flag, this is completely inconvenient and taxing. LexaTrade is one of those brokerages that get the brunt of bad reviews. One look at its own Facebook page is enough to have you running in the other direction. The personal posts on LexaTrade’s timeline range from the banal and straightforward to the detailed and educated would leave a bad taste in your mouth.

Lastly, LexaTrade highlights the markets’ Reporting Season, which is the most profitable period of the year in trading. Clients are encouraged to participate in an event, and LexaTrade provides a list of the best stocks to invest in. Along with the list of tradable stocks, LexaTrade also posts stocks’ previous revenue, forecasted price, and timeframe on when to trade it. This way, all traders can prepare their positions ahead of time. The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year.

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It was curated specifically for advanced traders who invest both in short and long-term. One of the first things traders look for when choosing a broker is regulation and security. Regulation ensures that the broker adheres to strict financial rules and guidelines, which ultimately protects traders’ funds and personal information. While some users praise the educational tools and platform usability, these positive experiences are overshadowed by the negative feedback. 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.

The financial work of the broker complies with the requirements of FMRRC (Financial Market Relations Regulation Center). LexaTrade operates under the ownership of SwissOne Group Ltd., a company that is based in Saint Vincent and the Grenadines. This ownership structure allows LexaTrade to offer a broad scope of services while maintaining operational flexibility. Given these three major points, LexaTrade may be seen in a more positive light. Hence, the allegations of scam and the libel hurled against it through various online resources are effectively dispelled. It uses a license from a regulated company (they almost have the same name) or gives a invalid license number.

Thoughts on “LexaTrade: Dispelling Libel Against an Honest Broker”

The variety of instruments allows traders to diversify their portfolios, but the depth and range are average compared to industry leaders. Organic search for reviews reveal that positive and reasonable reviews are actually outweighed by negative ones. But most of the negative reviews are concentrated on Social Media, where you can write “I was scammed by LexaTrade” without any proof. If, in general terms, the company works honestly, and I would not find any illegal actions. It is not necessary to wait for some news, and the market is moving unpredictably.

It is a brand name of Swissone Group Ltd. registered in Saint Vincent and the Grenadines. Its multi-asset trading services have garnered the trust of its clients and has earned it a spot in the top forex brokers in industry. The xCritical platform is one of the most noteworthy trading platforms in the trading industry. Some even suppose it comes to par with industry favourite, MetaTrader 4.

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• Trading carries a high level of risk and may not be suitable for all investors.
• Lexatrade official site has an intuitive interface with all the access to the inner pages accessible through the fields that can be seen on the top most part of the landing page.
• LexaTrade review on the site ends with a section with links to the company’s documentation.
• LexaTrade’s live support team is also available to help any client with it.
• The provision of these platforms by the brokerage are seen as lucrative measures for each trader who chooses to open a live account with a broker.

Any rates, terms, products and services on third-party websites are subject to change without notice. The brokerage company LexaTrade login is an organization with many years of experience, providing traders with services within their electronic system. Today, the broker positions itself in foreign exchange market as one of the most successful. Users advise LexaTrade to review their minimum deposits against the offers found in each of their trading accounts. 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.

• This feature appeals to traders looking for exposure in the stock market.
• If you are a beginner or your strategy is not precise, there is a high probability of loss, and it is not the broker’s fault.
• Knowing which markets and assets you can trade is an integral part of choosing a broker.
• This diverse range of financial instruments enables traders to explore multiple avenues for investment and risk management.
• The MT4 performs as a classic choice in trading currencies and CFDs because of its user-friendly interface, speed of execution, and high-grade terminal work.

We make sure that for every 20% of lexatrade owner theory our students are given 80% of practical examples that are bound to come in handy in real trading. Every single one of our instructors has gone from a beginner to a practicing trader. They know what sort of difficulties you may encounter and are only too happy to share their experience with you. They will help you avoid errors in class so you can make your start in the profession even easier. One more thing, I found out that brokers registered in offshore countries such as the Marshall Islands or Saint Vincent and The Grenadines, and this threatens me.

You can communicate with people who trade on the LexaTrade platform or sign up for actual live LexaTrade accounts. Since its inception, LexaTrade has focused on expanding its services to multiple jurisdictions, attracting a diverse clientele and adapting to the needs of traders in various regions. We had ensured a pointed evaluation through its employ of all functions of the LexaTrade official site. For us, the results of our students are super important, so every webinar will present case studies based on real-life situations!

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. One of the security measures that LexaTrade has imposed for the safety of its clients is strict payment procedures. The broker only accepts one method in deposit and withdrawal processes to prevent theft. It only partners with trusted global banks in handling their clients’ funds in segregated accounts.

Of course, these individuals should have an actual live LexaTrade account they have used for a considerable period of time. The methods for deposit are Visa, CryptoWallet and e-Payouts and we assume the same methods will be used for withdrawals, although LexaTrade doesn’t mention this specifically. Lexatrade has developed an online training program for traders that takes students from their first deal to consistent results in the market. Webinars with experts, video lessons, and training materials have been selected and grouped according to the student’s level of competence. With these in mind, the allegations that someone was scammed by LexaTrade are seen as baseless and may simply be seen as the traders’ ignorance of how trading actually works. I have been trading on the market for five years, of which almost two years on LexaTrade.

Everyone should understand how to distinguish a good broker from those that are often considered scammers and why forex is a scam. We present your user reviews, according to the rating of a broker. All of our reviews are based on research carried out by professionals.

Live chat support was available at the time of our visit but a bit slow to answer. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. Reading this LexaTrade review permits interested traders and companies with the brokerage to gain a perspective of LexaTrade. If it had not been made clear yet, believing the tags such as “LexaTrade courses scam” and “LexaTrade cheating” is simply oversimplifying one’s understanding of how brokering works. It is possible that LexaTrade had been misunderstood and misrepresented in new media. At first, I liked that the broker has a wide choice of accounts and has educational material.

The links that were included in the quoted testimonies will direct the readers to actual existing, live, and legitimate sites. I have been trading on the market for 5 years, of which almost 2 years on LexaTrade. With everything said earlier, to do a LexaTrade review, we had taken it upon ourselves to conduct an exhaustive examination of LexaTrade’s offers and services. Having said this, the LexaTrade user and the reader of review are recommended to practice greater regard on research and due diligence. Such can be observed through actual conversations through the forums or actual face-to-face communication.