LexaTrade Is It A Scam? Review

These accounts comply with the Sharia law, which has exactly the same trading conditions and terms, but there is no swap or rollover interest on overnight positions, that is against the faith. No, LexaTrade is not a scam, is a secure broker with good reputation and low risk Forex and CFD trading environment.

LexaTrade scammers

Since online trading has become the norm, it has become easier than ever for anyone to fulfill their desire to become a trader. The only thing they need, along with some capital, is a good broker. Sure, you can easily find thousands of broker, but not all of them can be classified as good. There are only a handful of brokers who can be deemed good and others are either scam or simply unregulated and untrustworthy. The safe terminal, gainful bonuses, quality analytics, training option – all this also describes the broker in a positive way. The company has negative references, too, not that much though, besides there is a broker’s agent working on forums. It is to be hoped that the company plans to attend to customers references and enhance its service keeping the pace of its successful start.

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The MT4 trading platform is advertised as enabling a cutting-edge, world-class trading environment, which is common among brokers focused on the retail sector. While it has the capability, third-party plugins are required to unlock its full functionality. LexaTrade offers only the most basic version of the MT4 platform, and while numerous free upgrades are available, those considered critical come at a price. Deposit options come with a thorough assortment of payment procedures. These generally include bank transfer , Visa, MasterCard, Skrill, Neteller, Fasapay, UnionPay, Dotpay, Qiwi wallet and NganLuong.vn. Deposits are processed immediately for some options, and concessions are processed within one business day. Moreover, the company’s strive to achieve targets quickly and effectively while posing LexaTrade as a high-tech and trustable Forex broker, either to start or to gain new apex with.

  • Judging from what we’ve just said in this review, it is safe to say that the broker offers some of the most exciting trading conditions you can find on the market right now.
  • Service is one of the most important things for traders and LexaTrade shows confidence and seriousness.
  • Please note mobile bills are not accepted under this category.
  • The good news is that the Pro and VIP accounts deploy the NDD model, where spreads are lowered significantly for a commission of $4 and $2 per lot, respectively.
  • Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
  • Also worth noting is that the LexaTrade official website, which is user friendly, contains a lot of helpful materials about the company, trading terms, licenses, analytics and training information.

The WebTrader is a potent tool to get into the MT4 without download required. Even the 80 monetary tools available to customers is significantly less than that which you’d ordinarily expect from the major brokerage, but adequate to meet the requirements Forex traders. Unlike lots of additional Forex brokerages while in the UK, LexaTrade provides a vast assortment of promotional deals.

I Have Found LexaTrade To Be A Good

For withdraw on local payment option, only ‘ india instant payment ‘ option and ” smart india pay” only these are available, lexatrade courses scam and the exchange rate is worst. Moving on, let’s talk about how legit the broker is based on its licensing materials.

The Trader of the Month promotion requires no sign-up as every live account participates. $1,000 is awarded to the winner, but it remains unclear if this is a cash price or a non-withdrawable deposit into the trading account. A prize of either $200 or $500 is deposited into the trading account of the NFP Machine winner, a contest held during NFP week each month. New trading lexatrade scammers accounts may be provided with a $30 deposit, which cannot be withdrawn, but any profits generated are for traders to keep. A four-months long contest focused on referrals, known at LexaTrade as the IB contest is also held annually. The prize for the winner is either a complete travel package to London, New York, and Singapore, or else one of over $10,000 in prizes.

LexaTrade scammers

The broker rounds off the offering with CFDs on stock indices, commodities, precious metals, and bonds. A trading platform should be user-friendly and flexible. Several chart settings for the technical analysis are adjustable. Use the well-known candlesticks for an even better analysis of the markets. LexaTrade also provides educational tutorials for beginners.

Actual LexaTrade Promotions

Furthermore, the broker shines with many different awards in the industry and allows his traders to pursue any trading strategies. Are you looking for real experiences and a critical test for the LexaTrade broker? As traders with more than 9 years of experience in the financial markets, we have tested the provider in detail for you with real money. Learn more about the conditions and seriousness of the broker. Is it really worth it to invest in Forex Broker LexaTrade money or not? One of the brokers that will pop up again and again is none other than LexaTrade.

LexaTrade scammers

It is the ideal platform for any trader who wants to make significant returns in the market. It also boasts free indicators, numerous analysis tools as well as automated trading. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.

The Best Forex Broker Ever!

As mentioned above you can rent a VPS server very cheaply. In connection with the Metatrader 4 it works without problems and the setup is very simple. Program automatic programs for your trading or use provided trading systems. Today, more than 50% of the order executions are made automatically in the Forex market. In addition, LexaTrade offers education material and webinars for its clients. In addition, use free indicators, which are adjustable for your personal strategy. The Metatrader comes with a lot of tools after installation.

It seems that you did not have enough funds to cover the higher spread at the rollover period, hence your margin level dropped below 30% and your trades were closed. When they knew complaint has been field they changed my password so that I cannot withdraw my balance. They threatened they will close all my trades and my account in 1 week. To further improve its service, well-known and professional traders are invited to hold webinars or other information sessions.

LexaTrade scammers

Similarly to the web trading platform,LexaTrade provides only a one-step login.A two-step login would be safer. You can’t set alerts and notificationson the LexaTrade web trading platform. This feature is available only on the desktop trading platform. The LexaTrade web trading platform hasgreat customizability.You can easily change the size and the position of the tabs. Yes LexaTrade doesn’t have its own self-developed trading platform, it usesMetaTrader 4,a third-party platform. Similarly to deposit, LexaTrade charges no fee for withdrawal.You can use the same options for withdrawal as for deposit.

That said, LexaTrade still lags industry leaders IG and Saxo Bank in depth, personalization, and overall quality. With just the MT4 platform available, LexaTrade does not stand out compared to the best MetaTrader brokers. To give you the best possible experience, this site uses cookies. If you continue browsing, you accept our use of forex broker cookies. You can review our privacy policy to find out more about the cookies we use. We have gathered a list of the top broker alternatives to LexaTrade, and conducted an in-depth broker comparison to assist you in choosing the right broker for your trading needs. Wire fees on deposits that exceed $5,000 are reimbursed, up to $100.

Currencies Forex

This CFD broker employs over 150 staff members globally, executes its business model well, and strives to continually form partnerships that will improve trading conditions for its expanding client base. Forex trading carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments, due to leverage retail accounts lose money. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.

LexaTrade scammers

That is why it is also highly liquid and interesting for beginners and experienced traders. This is a huge advantage for those who are looking for an exotic currency pair for trading. For currencies, you can bet on falling or rising prices.

LexaTrade scammers

Similarly to the web trading platform, LexaTrade offersMetaTrader 4 as a mobile trading platform. The low forex fees are mainly due to the low commission LexaTrade charges. The commission is 2 base currency units per lot per trade. For example, it’s €2 per lot per trade for EURUSD, while £2 per lot per trade for GBPUSD. Is it normal for a trader to ask for a withdrawal fee in advance of receiving a payout of btc trade profits?

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