All you need to do is move the needle; eventually, things will get better once you gain experience and learn from your failures. If you acquire the required information and act on it, you will succeed, and that’s a guarantee. It’s time-tested and sustainable and you can get started right now.
The client is obliged to make a deposit to his trading account in order to be able to make transactions. To make a deposit, all possible forms of payment indicated on the Company’s service are provided. The company can change the form of the deposit without prior explanation. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.
- 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.
- To perform any trading actions, the Client should contact their manager.
- In terms of financial instruments, account type gives users access to forex, cryptocurrency, commodities, and limited stock assets.
- Of course there are questions, but after correspondence with tech support everything is successfully resolved.
- According to LexaTrade rezension, it supports four financial markets.
Here you can choose to trade with forex and CFDs but also indices and cryptocurrencies as mentioned. There is a complete list for the trading instruments on the website on the main navigation bar. It hit my take profit target but the closed both my trades on margin call. I had https://cryptolisting.org/ two small gold option trades which were break even and nowhere near a margin call then suddenly both positions were closed. 5) LexaTrade operate an aggressive marketing model as customer Retention is low. The great reviews are done by affiliate websites who are paid per CPA.
We offer the Client Islamic Forex accounts, the terms of which are somewhat different and correspond to Islamic religious principles. The provisions of Islam prohibit any business transaction in which it must pay or receive a certain percentage from the other party. Islamic accounts are swap-free and should be used exclusively by Muslims for religious reasons. Also, this broker is connected with the semi-automated trading platform Cryptodroid which is one of the most beloved software in the trading realm. To know both sides of the equation and understand the nature of this trading solution, continue reading this unbiased post.
76,4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. 72% of retail investor accounts lose money when trading CFDs with this provider. Between 74%-89% of retail investor accounts lose money when trading CFDs. Looking at reviews about LexaTrade on various websites shows that the broker is actually trusted and respected by its clients. Many have praised LexaTrade forex broker for its speed of providing services and giving more than what is expected of it.
LexaTrade Bonus
XCritical mobile app offers an easy-to-use interface, traders can access their trading account on the go, without any hassle. They can open positions, execute trades quickly, and monitor their account balance from anywhere, at any time. The app also offers a range of features to help users stay informed, including access to currency forecasts, real-time asset quotes, and the ability to set stop loss and take profit levels. Whether a beginner or an experienced trader, the XCritical mobile app is a great way to enhance your trading experience. LexaTrade has proven that it belongs on the list of top forex brokers in the trading industry and meets users expectations. It displays high functionality, great customer service, convenience, availability, and dedication to clients.
The maximum term of the current transaction is twenty-one (21) days. After the appointed time, the Company will automatically close the transaction. You must provide a substantial justification or confirmation of the need to use a swap-free account. The company reserves the right to refuse to process such a request without providing an explanation. To become a user of the service you need to open an account (account).
You acknowledge that all responsibility for the transaction lies solely on you. They offer a lot of instruments to the retail side at reasonable costs. Plus, the additional tools and bonus packages make them a dominant player in the sector.
The Bottom line on LexaTrade
As you can see in our LexaTrade review, they’re trustworthy, their fees are fair, and their selection of assets is satisfying. Just because a broker has a great reputation and is regulated by the strictest regulatory is lexatrade regulated bodies in the world, doesn’t mean it’s perfect. Not sure if these are available where you’re at but I would check out the robinhood app, scottrade, etrade, fidelity and maybe even an account through Barclays.
It improves its services based on what its clients ask for to work on the market, and this has earned the trust of traders everywhere. Real LexaTrade broker reviews can attest that company is worth trading with. LexaTrade developed its own proprietary trading platform displaying a high-level of functionality, speed, and profitability. It has an intuitive interface and highly-functioning terminals to make trading comfortable with minimal risks. LexaTrade platform contains more than 170 trading assets and tools to provide quality trading experience. Aside from throwing shades to the broker, some online client reviews also burst out that LexaTrade scammed them by not allowing them to withdraw their funds from their accounts.
What Are The Best LexaTrade Alternatives?
You need to contact support if you wish to change your base currency. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. It’s a trustworthy broker that’s licensed by several of the world’s top financial regulatory bodies and they have a good reputation among clients and competitors. This is done by providing a copy of your ID (passport or driver’s license), as well as proof of residency, for example, a recent utility bill or a bank statement. By now, it should be obvious that we recommend LexaTrade to our readers.
LexaTrade Review: Fees, Commission & Spreads
LexaTrade is licensed and regulated by the International Financial Market Relations Regulation Center (IFMRRC). The minimum deposit is generally asked in very small amounts by legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. The usual amount asked by legitimate brokers lies in the range of $5 to $10. If the broker asks for an amount more than the average, chance of a scam.
However, LexaTrade reviews found online do not always lean toward negative. There are also broker review sites that speak well about the broker. These online venues are unfiltered and, at times, uninformed and misguided. Unsubstantiated LexaTrade reviews in social media cannot be grounds for an objective assessment of broker work.
LexaTrade Review – Pros, Cons and Verdict
Any explanation or information which you get as part of a copy trade, or about the performance of the copy trade is not intended to be, and should not be considered as advice. For the safety of both parties and improve the quality of service phone conversations can be recorded. To perform any trading actions, the Client should contact their manager. The company has the full right to complete the Client’s transaction should the term exceed 21 days. Any information on swap-free accounts can be updated and modified by the company, without explanation.
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. Apparently, these customer LexaTrade reviews clearly reflect the broker’s honest and quality trading services, contrary to some maligning customer reviews that try to dent broker’s reputation. These clients are proof enough that LexaTrade is far from what others think about the broker and its services. However, these shortcomings are way different from allegations of fraudulent acts and schemes. As we are wrapping this in-depth LexaTrade review, the only thing I would say is to avoid this platform.
