Lexa Trade review: Is it a legit or scam forex broker?

The Conversion fee is dependant on your base currency, your recieving currency, your payment provider. Modern high-speed trading platform, with simple trading features. Variety of trading tools, automatic signals lexatrade login about profitable deals. Bonus programs, low spreads, 0% commission, multi-language call center. This means that when you open an account with $5,000 dollars, we will add to your account another $1,500 dollars.

Trade Forex, indices and commodities with Eightcap to experience the multi-award-winning MT4 platform. The same intuitive interface, robot trading capabilities and advanced charting package are all built on our rock-solid technology infrastructure. As an intuitive and fully customizable trading interface, MT4 provides a smooth and efficient trading experience for serious traders. Plan your trades effectively with our wide range of free trading tools.

What you need to keep an eye on are trading fees and non-trading fees. The account opening process is strictly regulated due to the imposed anti-money laundering regulations and the due diligence obligations of Swiss banks. As a result, the account verification and the resulting clarifications require standard (e.g. proof of residency, etc) and/or other specific documentation. Lexatrade has turned out to be a smooth fraudulent operation to scam people. I put in very large sums with the hope that when the corpus grows I will withdraw per a plan. Unfortunately, it is almost impossible to get the money back from this type of broker.

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Please read LexaTrade Reviews below and share your live trading experiences with this broker. Get started with Blood Red Skies and get up to speed with everything the game has to offer with the Scramble! In addition to the Battle of Midway starter set, this collection arms you with the full Blood Red Skies expanded… So there’s the argument that some regulation is better than none, and that does hold up. But there’s also the fact that while it’s better than nothing, it’s not a significant improvement. So the regulation may impose negligible limits on the broker while generating a false sense of confidence for potential customers.

Lexa Trade review: Regulations, Platforms, Features and Ratings.

It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. Build your confidence and knowledge with a wealth of educational tools and online resources. Trade 5,500+ global markets including 80+ forex pairs, thousands of shares, popular cryptocurrencies and more.

  • Enjoy a choice of jurisdiction, easy asset transfer and utmost investor protection with a globally licensed, award-winning platform.
  • Apart from Grenadine Islands and their Off-shore company address in a tax haven small country, they don’t have any offices anywhere.
  • Get started with Blood Red Skies and get up to speed with everything the game has to offer with the Scramble!
  • TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.

Benefit from regulatory compliance, fast setup and onboarding, market-tested technology, easy deployment and granular reporting. Family OfficesFor private financial agencies that manage investments on behalf of high net worth families and groups. Enjoy a choice of jurisdiction, easy asset transfer and utmost investor protection with a globally licensed, award-winning platform.

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All we could find is that withdrawal processing takes up to 24 business hours and that a representative will contact the client in order to complete the processing of the withdrawal. You can also access Islamic swap-free accounts and a demo trading account. You can also choose the option on which regulator you want to trade with. This is a great offering covering all the major markets across all the different asset classes. Touch ID is an electronic fingerprint recognition feature that allows users to unlock access to the trading platform.

Unfortunately, when a broker looks like it’s a rushed project, it’s often a scam. That isn’t an exact rule, but it’s something we’ve found to be true more often than not. The same goes for visuals, as the various elements are glaringly mismatched.

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You are asking yourself questions such as “is this website legit? It helps with website credibility check and verifying whether a company is legit. Get a complete analysis of lexatrade.com the check if the website is legit or scam. Mavenlink is an innovative online resource management and project management software built for professional services teams.

Perhaps we’re being too harsh since if you know what you’re looking for, you’ll find it. However, for a newer trader, the website may look too daunting. We wouldn’t be surprised if entry-level traders couldn’t find their way around and simply decided to use another brokerage. Lexatrade is new forex and CFDs brokerage that primarily operates in Europe.

LexaTrade: Promotions and Bonuses

The spreads are super low, especially if you are using the raw spread account. Take control of your trading with powerful trading platforms and resources designed to give you an edge. Safetradebinaryoptions.com does not respond for loss of money and possible risks connected with options trading. Quite satisfied with the platform offering an immense number of instruments and covering almost all markets. I’ve had problems like this before, how can you follow a diet when you have nothing to consume?!

Why do some companies think it’s right to refuse customers the service they deserve and realise the significance of a human response. With the LexaTrade Diet, users consume a maximum of 600 calories daily by eating three LexaTrade products. Each LexaTrade diet product measures 200 calories so there is no measuring or weighing of food necessary. Trading fees are easy to see on the order panel before submission, but it is relativelyhard to get a clear reporton all the fees you paid. For example, you need to wait 30 minutes to have your asset statement compiled.

With Lexatrade you can trade on more than 1,700+ financial CFD instruments covering all the major asset classes including Forex, stocks, indices, commodities, bonds and cryptocurrencies. It is worth mentioning that some of the trading products and services in this LexaTrade review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the LexaTrade broker website which you can visit by using the link below. LexaTrade is a trading broker with an international repute offering high-speed execution competitive spreads in a wide range of instruments. They give traders access to major markets like currencies, indices, commodities and shares.

New bonus?

The broker in question is more focused on working with corporate clients, but does not deny registration to ordinary individuals. Based on this user feedback, it appears that LexaTrade is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. Select the Asset you would like to trade using the Dropdown Menu. So LexaTrade is currently not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws.

The dropdown menus have vague names, and as such, the categories inside them seem almost arbitrary. Avoid abusive language and personal attacks, directed either at the broker or the author. Sir / madam in this regard I searched the company address of India. I used to trade in crypto, then I moved to the foreign exchange market. And stay alert, scammers like lexa trade are present here too, misguiding the public.

With the data center in New York and London , you get an unrivaled fast execution. If thats not enough, you can hire a VPS server for even faster access. Since Lexatrade is a true ECN broker, price manipulation is excluded. In addition, https://cryptolisting.org/ there are no requotes and your position will always be executed at the next best price. In addition, the broker is supplied by various liquidity providers. This means that there is always sufficient liquidity available .

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Stay informed with real-time market insights, actionable trade ideas and professional guidance. You will find Weekly Market Outlooks, Daily Technical Reports, and Daily Market Briefs. All of these have descriptive headlines and indicate which category of a report they fall into. They then include brief explanations of the topic as well as projected forex impacts. One very useful feature of Advanced Trader is the automatic pattern detection.

The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge. It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable. Also keep in mind that the company is regulated , which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all. That being said, caution should be used anytime money is involved, with all brokers, old or new.

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