LexaTrade Legitimate or Fraudulent Brokerage Firm
So, you’re basically paying for the good reputation that Lexa has. Start and Silver need an initial deposit of $250 and $1000 respectively. It’s basically an amount of money a new trader would have vs. an amount the same trader would possess after a few nice lexatrade review wins on the exchange. So, it’s really a question of what type of account you want, had you already decided to visit the platform and have a go with its content. Moreover, when you bump into many scams and start thinking, “Oh, why forex is a scam? Today we are going to do a LexaTrade review and see whether this is another scam or truly a legit broker.
Is LexaTrade a Scam? Read This Brutally Honest Review
- Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those.
- Overall this is a promising broker but a few tweaks here and there would make it a better one.
- Aside from trading, clients can open positions, manage their account, and execute trades without delay.
- LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities.
The deposits are processed instantly, while withdrawal may take up to 3-5 business days. The broker’s low user ratings of 2.1, which shows the platform’s low credibility. Rather than opting LexaTrade scam, we recommend you to incline towards a more trusted platform like InvestFW.
FAQ – company questions
It then enhanced its offered trading solutions and its trading assets and instruments in the following years and groomed itself to become an emerging online brokerage brand. It’s pretty comfortable to work here, barring all the treatment the lower account types have to put up with. Yet still, there are many exchanges and brokers that give you just as comfortable an experience without making you pay extra. It offers a diverse range of payment options ranging from bank wire transfers to credit/debit cards, from Skrill to Neteller.
- To enter e-bank use the mobil-token built into the activated mobilbank app.
- 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.
- Today we are going to do a LexaTrade review and see whether this is another scam or truly a legit broker.
All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker. This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies.
MetaTrader 4– LexaTrade utilizes the most popular third-party platform in the market. The MT4 is known for its optimum performance, allowing users to place trades simultaneously and conduct analyses in an efficient manner. 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. Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges.