Please be assured that our dedication to delivering unbiased assessments, exhaustive scrutiny, and well-informed perspectives remains resolute. Thus, LexaTrade guides investors before they start investing through their educational resources. Investing in indices such as NAS100, EUR50, JPN225, and USA30 provides several advantages to traders who are interested in index trading. Fill out the application form with your personal information, including your name, mobile number, email address, and a secure password.
However, the translation itself is shoddy, so the website ends up looking unprofessional. Lexatrade is new forex and CFDs brokerage that primarily operates in Europe. It opened just earlier this year and has attracted a good bit of attention as such.
- However, the broker has a low user rating, with mixed reviews as some complain about the platform while others appraise it.
- As the platform is not worth considering, I was looking for the best alternative, and after researching for days, the most recommended broker I found was InvestFw.
- Live chat support was available at the time of our visit but a bit slow to answer.
- The charges are higher compared to the platform we have reviewed so far.
- If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back.
The user-friendly UI of the platform helps both beginner and professional alike. The charges are higher compared to the platform we have reviewed so far. The spreads vary on the account type and the instrument traders trade in. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types.
It lowers risk diversification as well by investing in the basket of different stocks of various companies and sectors. LexaTrade offers several trading instruments to choose from, with high leverage and low spreads for high liquidity and profits. And that’s without mentioning our hunch that the broker isn’t entirely honest. Altogether, it’s just a middle-of-the-pack broker, and there are a ton of similar companies out there. It doesn’t do anything to stand out, and the vast majority of traders can easily find an option that’s both more comfortable and more powerful.
It’s important to carefully consider options before making any investments, and LexaTrade is a trusted broker that can help you navigate this process. With their 24-hour client service team, you can get the support you need whenever you need it. It offers a diverse range of payment options ranging from bank wire transfers to credit/debit cards, from Skrill to Neteller. As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows.
What Payment Methods Are Available At Lexatrade?
This is to provide the necessary time for necessary transaction procedures. The broker set up strict payment procedures for the safety of the trader’s funds and to prevent financial theft. The broker even partners with reliable and trusted international https://cryptolisting.org/blog/what-is-capital-inventory-in-economics banking institutions while steering their corporate funds. That, along with the multiple phone lines, makes the broker easy to reach. The representatives are adept at problem-solving, so the overall communication flow is great.
- The broker set up strict payment procedures for the safety of the trader’s funds and to prevent financial theft.
- If you’ve been following our detailed Lexatrade review 2023, you have likely noticed the platform has not much to offer to its users.
- However, it garnered popularity among traders with its one-of-a-kind features and the services.
- Brokers Complaint is one of the best recovery agencies specializing in Lost Cryptocurrency funds recovery.
Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest. 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 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.
LexaTrade Ratings
However, it’s apparent that it’s much less limiting than even the more lenient country-based regulators. This includes video courses and E-books, similarly the questionnaire section offers the questions related to customer’s feedback on the platform. LexaTrade learning is an interactive educational feature that aims to help novice traders to understand and learn about the market. Yes, LexaTrade is a scam broker as it is not regulated by any top tier regulatory watchdog.
LexaTrade Withdrawal
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. A trader, before investing, should research about the broker’s regulation and license. If the broker doesn’t hold any license, then there must be a risk of scam. Firstly, guarantee the license is from a reliable controller and not one who gives a license to any individual who pays a charge. Legitimate specialists might have the option to accomplish something, yet controllers can remove the license from trick intermediaries.
Cheat Sheet Candlestick Patterns: Excel your trades
But as we said, we don’t like paywalls for core features as a practice, although you may not mind them at all. One fact that’s relieving and concerning at the same time is the broker’s choice of the regulator. 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. Live chat support was available at the time of our visit but a bit slow to answer. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition.
CUSTOMER SUPPORT
LexaTrade customer support is very impressive as it offers full-time support with 24/7 operating hours. The broker can be reached through multiple channels, including phone line and email. The support team is problem-solving and responds quickly, so the overall communication with the team was great. In order to attract more traders on the platform, LexaTrade often starts promotions. There is not a single complaint regarding the same, so, we can rate it good in this case.
Lexatrade has developed an online training program for traders that takes students from their first deal to consistent results in the market. Webinars with experts, video lessons, and training materials have been selected and grouped according to the student’s level of competence. After pursuing this review and reading other negative LexaTrade reviews, it is clear that this broker is a scam.
