Since this is very common within the trading industry, clients need to thoroughly assess if a particular broker’s conditions will come favorable and fitting to their strategies and structures. There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website. There is no mention of an inactivity fee but we cannot guarantee that you won’t be charged one.

Risk Warning:

In this portion of the review, we aim is lexatrade regulated to explore the accounttypes a broker might have. We wouldn’t recommend using this forex brokerage, they donot impress us with the vague information they have provided. To get a better understanding of how brokers(both licensed and unlicensed) work, read our review on Fxcryptomine, FTG Markets, Capital GMA, Kiexo.

We are back with our unbiased review of LexaTrade, an online trading broker company. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Lexatrade is an appealing option for traders looking for a comprehensive platform that covers a wide range of financial instruments. While the lack of regulation may be a concern for some, the features and educational resources provided can enhance the trading journey for both novice and seasoned traders.

LexaTrade Review: Scam? Find out from experts

1. So, to help you out in deciding whether it’s a worthy broker, let’s take an in-depth look at the platform with our detailed LexaTrade review.
2. The broker can be reached through multiple channels, including phone line and email.
3. That being said, caution should be used anytime money is involved, with all brokers, old or new.
4. The overall structure of the accounts at LexaTrade is too expensive in my opinion and putting a $10,000 barrier between the trader and MT4 means that the majority of clients will not use this platform.

Each account type comes with its own set of perks, with the higher account types offering the best perks and benefits. They even have affiliates who individually promote platforms to others and force them to invest maximum money. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge.

The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. 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. Another thing to keep in mind is that there might also bewithdrawal conditions concerning accounts that take advantage of the bonuspromotion. Some fraudulent brokers stipulate that a trader must achieve acertain trading volume to be eligible for withdrawal.

Lexatrade Review: Comprehensive Analysis of Services and Features

While it has some drawbacks like limited geographical availability, its pros greatly outweigh the cons, making it a desirable choice for traders aiming for success in the financial markets. The user-friendly UI of the platform helps both beginner and professional alike. Even lexatrade owner when individuals reach Lexatrade for this, Their customer executive encourages upgrading the account type to get funds back. Moreover these personal manager act as LexaTrade affiliates who enforce clients to deposit more on their platform. LexaTrade has a referral program in which you’ll receive up to 50% deposit amount as a commission.

This review was written to shed a light to some of the allegations about LexaTrade’s legitimacy. As the brokerage firm constantly faces negative feedback from its clients, it is necessary to conduct a thorough discussion of its services, offers, and overall functionality. More so, this latest addition to a bunch of Lexatrade reviews aim to bring clarifications to tags on the internet such as LexaTrade scam, LexaTrade scammers and LexaTrade cheating. And besides, if you really want to do advanced technical analysis, LexaTrade offers Meta Trader 4 so you can have the best of both worlds.

LexaTrade Trading Platform

Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back. The case with its funding is much of the same, as there are some things that look good.

That being said, they are very new at the time of this review, so there is time for improvement. Licensing is another important part because we can trust aregulated broker to some extent not to do anything fraudulent. We do this partof the review by first checking the name of the company attached to the broker.Then we run that name through various regulatory bodies to discover if itregulates said brokerage.