Lexatrade offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are popular among traders due to their advanced features, which are defined below. A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages. That’s especially true if the bonus goes as high as it does at lexatrade.com. Another external platform that LexaTrade offers is the xCritical system. It is equipped with powerful instruments for encompassing and holistic trading experience.

However, it garnered popularity among traders with its one-of-a-kind features and the services. Hope the above information is enough to know the basics of LexaTarde, account types, its services, fees and referral program. 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.

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It is registered in Saint Vincent and the Grenadines (A small country in the Caribbean), a kingdom of thousands of shell companies. As per LexaTrade conditions, if the referred client makes a deposit between $500 to $10,000, then 50% of it will be the referral bonus. LexaTrade is an offshore broker registered in Saint Vincent and Grenadines, currently has no any regulations. The promotion is applicable for deposit amounts ranging from $500 to $5,000. The insurance covers upto 100% of total loss on all trades opened on the deposit day.

Its Customer Service Automation also known as the CRM fully integrates various payment processing systems. As this is the case, the traders are advised to https://traderoom.info/fp-markets-forex-broker/ take all claims quoted here with a grain of salt. Despite all reviews, it is strongly recommended to make decisions and build a strategy independently.

LexaTrade Account Types

The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. A mobile platform is available but Demo accounts are not; US traders are not accepted. More so, it grants access to live market prices and liquidity, all while enabling robust security and stability. The most interesting about this platform is its automated trading option, completely providing high efficacy and larger margin of profitability for its traders. The broker is also attracting new traders using a 30% deposit bonus.

Of course, the broker has options for downloadable terminals, web platforms, and mobile apps. 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. 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 Review: Pros And Cons

In-depth look at the platform with our detailed LexaTrade review. The same goes for visuals, as the various elements are glaringly mismatched. The LexaTrade referral program works when you invite your friend to sign up. For each successful deposit your referral makes, you’ll receive up to 50% of the entire amount. We are committed to the fair handling of reviews and posts regardless of such relations. Lexatrade has provided very less information about its organization.

• LexaTrade is licensed and regulated by the International Financial Market Relations Regulation Center (IFMRRC).
• Of course, the broker has options for downloadable terminals, web platforms, and mobile apps.
• Then he learned from a friend trading with a LexaTrade broker that all prosecutions are complete nonsense.
• LexaTrade has a referral program in which you’ll receive up to 50% deposit amount as a commission.
• Hope the above information is enough to know the basics of LexaTarde, account types, its services, fees and referral program.
• Lexatrade has potential, but it also has a lot of things bogging it down and making numerous questionable decisions.

We know some brokers like to take that approach, and it usually works moderately well. However, the translation itself is shoddy, so the website ends up looking unprofessional. LexaTrade ensures that all client funds are kept in a segregated account from the company’s funds. However, it claims to hold a license from the International Financial Market Relations Regulation Center .

LexaTrade Product Features

Caring for our clients, our company makes every effort to optimize the trading processes and services provided. For your convenient and effective trading, we have developed and implemented a new online platform. Use all the capabilities of the terminal and make profit with minimal risks. LexaTrade is licensed and regulated by the International Financial Market Relations Regulation Center (IFMRRC). Which forex trading broker is the best or safest to trade with if am to borrow money from friends/bank to start?. The best way to recover your money from LexaTrade is to contact their customer support.

However, much information regarding the same is unavailable on its website. Lexatrade charges a spread on trades, which is the difference between the buy and sell price of a financial instrument. The spread varies depending on the account type and the financial instrument being traded. LexaTrade charges a service charge of 5% when customers has made less than 5 independent transactions. Each account type comes with its own set of perks, with the higher account types offering the best perks and benefits.

Visit Our Brokers

Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice. However, it is an offshore broker restricted to operating in the US and Europe. MT4 is one the world’s most famous and reliable trading platforms for Forex. The user-friendly UI of the platform helps both beginner and professional alike.

• Although we do daily broker reviews, we’ve never heard of it before.
• Meanwhile, most of the complaints are related to the LexaTrade is a scam and accounager who force clients to make more deposits.
• The most interesting about this platform is its automated trading option, completely providing high efficacy and larger margin of profitability for its traders.
• LexaTrade has a referral program in which affiliates receive up to 50% of the deposit amount as a bonus.