LexaTrade: Dispelling Libel Against an Honest Broker

These materials gear towards beginning traders who are still in the process of acquiring decent knowledge about trading. On the other hand, reviewers and questionnaires are designed for beginners and professionals to refresh their acquired knowledge and ensure that they don’t forget anything. All materials are available after registration, so you can ensure that reviews like “LexaTrade courses scam” are not true. XCritical is a convenient alternative to desktop and web platforms. Its portability allows clients to trade anytime and anywhere without hassle. You can open positions, check your account, execute trades without delay.

We champion verified reviews

Although the verification procedure is not easy, anything can be done. You take a photo of your documents (two documents), the company checks them and that’s it. The first LexaTrade review is found on TrustPilot’s page and the other one is written on LexaTrade’s Facebook page. Both statements did not detail Urbanek’s issues with the broker, and only proceeded to create false statements about it. These statements have no legitimate grounds and are clearly libelous. It does not provide any evidence that he was scammed by LexaTrade, or any idea of problems that Urbanek has encountered with the broker, hinting at the probability of reviews illegitimacy.

Derwent Investments

It also includes the date when the forecasted value is expected to happen so traders can prepare. One of the most popular bonuses it offers is the Refer a Friend program. When an existing client successfully gets another trader to sign up to LexaTrade, clients are awarded up to 50% of the deposited amount of the new client. Any existing trader can sign up to participate in the program and receive incredible bonuses. The broker offers a wide range of incentives, welcome bonuses, promotions, etc. New clients are especially showered with welcome bonuses as a means of getting them on board a unique trading experience.

Investor Protection Measures

Introduction Contracts for Difference (CFDs) provide traders with a way to speculate on the price… The app is optimized for a smooth user experience and is especially valuable for managing trades during fast-moving market conditions. Withdrawing profits is a straightforward process on LexaTrade.

Broker LexaTrade ensures that its 24-hour client service team provides the best support to traders.
Regularly engaging with these resources can build trading competence and confidence, especially for those new to the markets.
E continue to force me to deposite more but i denied so he opened very huge position so i lost all capital so he tell me that thats why i told you to deposite more.
The minimum deposit required is $250 for the Start account, and 3,000 for other accounts.
The remaining few were negative ones with an obvious goal, which is smearing LexaTrade’s reputation.

Best Forex Indicators: Complete Guide to Trading Tools

In reality, these platforms are controlled entirely by the scammer, and withdrawals become impossible once large sums are deposited. In this type of fraud, the scammer slowly builds a fake friendship or romantic bond with the victim through social media, dating apps, or messaging platforms. After gaining trust, they suggest a “promising” trading or crypto investment, often leading victims to fake platforms like LexaTrade. 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.

Gaining more traders, LexaTrade expanded its services to different jurisdictions across continents. In 2019, LexaTrade amassed more than 2 million merchants worldwide. On its way to mainstream brokerage service, LexaTrade is starting to be a force to reckon with in terms of trading solutions. The broker is headquartered in Saint Vincent and the Grenadines, a popular domicile to offshore brokers (since most brokers based in Saint Vincent and the Grenadines are unregulated brokers). Its first year of operation revolved around managing cash transactions in real-time trading using PAMM accounts. It then enhanced its offered trading solutions and its trading assets and instruments in the following years and groomed itself to become an emerging online brokerage brand.

In this brief yet comprehensive review of LexaTrade, we will analyze and assess its safety, accounts, spreads, profit withdrawals, support, educational resources, and more. Scammers build fake platforms, use fake names, and promise quick profits. There are serious concerns that LexaTrade may be involved in online fraud.

Trading Platforms & Tools

Lexatrade advertises spreads starting from 1.6 pips, but the actual trading costs may vary. There are no hotline support options offered, which is a serious drawback for this offshore broker. While live chat is the fastest support method, it is not enough, and reputable brokers must offer a phone support channel as well.

The Trustpilot Experience

Trading with LexaTrade lets you invest in globally-traded assets like U.S. oil, Brent, and spot gold. According to LexaTrade rezension, it supports four financial markets. 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. Lastly, LexaTrade highlights the markets’ Reporting Season, which is the most profitable period of the year in trading.

Trading is a gamble, and investing in markets through a brokerage firm is no joke.
As such, it operates without statutory oversight or approval from these entities.
Traders who have reached this state have more points, trade without restrictions on the number of transactions, have access to funds, and have the opportunity to defer payment.
Then he learned from a friend working with this company that all this is complete nonsense.

One of the best services provided by LexaTrade is its trading platform, which was developed to incorporate unique features of the broker better. But is lexatrade legit other than that, LexaTrade also offers the MetaTrader4 and XCritical mobile app. The trading platform category is another one where the broker falls short in providing reliable service.

One notable case involved a trader who experienced delays in withdrawing funds, leading to frustration and claims of being misled about the withdrawal process. While Lexatrade's customer support is available 24/7, the quality of responses has been criticized, with some users reporting long wait times and unclear answers. The relatively wide spreads may impact profitability, particularly for high-frequency traders. Additionally, the lack of clarity regarding commissions and other fees raises concerns about potential hidden costs. Traders should be cautious and thoroughly read the terms and conditions to avoid unexpected charges.

Without advanced platforms, it will be difficult to use indicators and implement strategies, and the broker lacks advanced trading apps. It only provides its own custom platform, which is nowhere near the advanced software. LexaTrade is an offshore CFDs broker, offering multiple trading accounts, access to a diverse set of assets, and unclear profit withdrawal procedures. When choosing a broker, consider factors such as regulation, trading conditions, available markets, and customer support. A reputable broker should be transparent about its fees and services. These fake platforms also use fake reviews and celebrity endorsements to look legit.