Lexatrade Review Is it good, or is it a scam?

Having the potential to make someone go into a debt trap, scammers lure their victims in with irresistible offers and discounts. Perhaps the best part is that anyone that signs up with them can watch the tutorials and there are no hidden clauses. We analyze your chargeback data and root causes of your scam case in real time. To sum up, all that has been said above in this LexaTrade review, we give you the power to decide whether the broker is a scam or not. Scam Victims Help has extensively researched the LexaTrade Review and found several red flags that every trader should be aware of. Read our LexaTrade review today to learn everything you need to know about this broker before signing up.

After a lengthy and extensive probe into the services and LexaTrade Forex brokers reviews, let us sum up the advantages and disadvantages of LexaTrade as a broker. Aside from hefty welcome bonuses ranging from 30% to 120% of initial lexatrade review deposit, LexaTrade also gives a referral bonus. This is awarded to a trader who refers a friend to trade with broker. Up to 50% of the total amount of the referred client’s initial deposit will be awarded to the referring trader.

  1. The broker can be reached through multiple channels, including phone line and email.
  2. That is why, if you only choose the Forex broker, make your decision based only on verified official information.
  3. It ensures clients’ protection from cyber theft and market risks because they are very common in trading.

As such, we can’t hold the deposit requirement for MT4 against the broker too much. But as we said, we don’t like paywalls for core features as a practice, although you may not mind them at all. It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need to tread carefully. As such, our Lexatrade review isn’t off to the greatest start. The broker’s offer does actually seem decent enough, but the presentation isn’t up to par. We’ll see if the broker’s functional prowess ends up improving what we think.

All materials are available after registration, so you can ensure that reviews like “LexaTrade courses scam” are not true. LexaTrade’s MT4 web terminal is a safe, secure https://cryptolisting.org/ trading platform that uses advanced technology and high-quality terminal work. It is compatible with any browser and can combine various commercial operations.

Customer Service at Lexatrade

I have just started, so far I am good with the trading tools. Haven’t had withdrawal yet but based on observation, brokers are skilled and easy to deal with. Even for the higher accounts, the spreads are wider than those from other brokerages that require similar price points. As we said earlier in our Lexatrade review, it offers a competitive trading experience, but it gets overshadowed by better companies.

xCritical Platform

Of course there are questions, but after correspondence with tech support everything is successfully resolved. “If, in general terms, the company works honestly, and I would not say that LexaTrade scammers. It is not necessary to wait for some news, and the market is moving unpredictably. LexaTrade’s live chat through its trading platform is complemented with other social media platforms, including Skype and email, as additional means of communication.

As stated above, the LexaTrade website offers five account types to their clients. Thanks to several such options, the broker easily monitors the demographic situation among traders and their needs. Now we will delve deeper into the specifications of each account type and choose which is most fitting to each trader. When it comes to accounts, LexaTrade provides all possible options for each client to find what they need.

On its way to mainstream brokerage service, LexaTrade is starting to be a force to reckon with in terms of trading solutions. They are Scam and I have lived the scam now…please beware. Overall, LexaTrade is committed to providing exceptional speed, functionality, and profitability to ensure a convenient and user-friendly trading experience for all its users. Investing in commodities can be a great way to diversify your portfolio and achieve long-term gains. It’s important to carefully consider options before making any investments, and LexaTrade is a trusted broker that can help you navigate this process.

Start Account

Even the withdrawal speeds increase as you go up to the higher accounts. The platform offers a long list of trading instruments, is regulated and most importantly, is not a scam. A web-based proprietary platform is offered by LexaTrade, such as MetaTrader4 and LexaTrade
app – xCritical Mobile App.

Trading with LexaTrade: Accounts, Bonuses, Honest Reviews

Trading is a very high-risk job, which rests entirely on the trader. If you are a beginner or your strategy is not precise, there is a high probability of loss, and it is not the broker’s fault. Most likely, these reviews were written by the company’s competitors. LexaTrade review on the site ends with a section with links to the company’s documentation.

LexaTrade’s Available Platforms

Even Though the regulation of brokers is not refined, the reviews of the broker online are satisfactory. The broker also provides different trading assets for higher liquidity with high leverage and low spreads. 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. 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.

The broker only accepts one method in deposit and withdrawal processes to prevent theft. It only partners with trusted global banks in handling their clients’ funds in segregated accounts. They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero. Overall this is a promising broker but a few tweaks here and there would make it a better one. That being said, they are very new at the time of this review, so there is time for improvement. Some are legitimate issues and concerns, while others were scammed by LexaTrade — false claims crafted by competing companies.

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