The methods for deposit are Visa, CryptoWallet and e-Payouts and we assume the same methods will be used for withdrawals, although LexaTrade doesn’t mention this specifically. Overall this is a promising broker but a few tweaks here and there would make it a better one. Lower deposits, more information about deposits and withdrawals, a basic FAQ, and a demo account are just a few adjustments that would go a long way and would make LexaTrade a higher-tier broker.
LexaTrade charges a service charge of 5% when customers has made less than 5 independent transactions. LexaTrade provides access to popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. There is a tremendous risk on any transactions interested traders mayconclude with the brokerage and we deeply recommend they look elsewhere forviable trading option. Brokers required various licenses and regulators’ approval to serve investors and traders. The overall structure of the accounts at LexaTrade is too expensive in my opinion and putting a $10,000 barrier between the trader and MT4 means that the majority of clients will not use this platform.
Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back. The case with its funding is much of the same, as there are some things that is lexatrade regulated look good.
Trading with LexaTrade
- Overall, Lexatrade stands out as a competitive choice in the online brokerage market.
- There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website.
- The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices.
- Live chat support was available at the time of our visit but a bit slow to answer.
- Licensing is another important part because we can trust aregulated broker to some extent not to do anything fraudulent.
While it has some drawbacks like limited geographical availability, its pros greatly outweigh the cons, making it a desirable choice for traders aiming for success in the financial markets. The user-friendly UI of the platform helps both beginner and professional alike. Even lexatrade owner when individuals reach Lexatrade for this, Their customer executive encourages upgrading the account type to get funds back. Moreover these personal manager act as LexaTrade affiliates who enforce clients to deposit more on their platform. LexaTrade has a referral program in which you’ll receive up to 50% deposit amount as a commission.
Is LexaTrade A Scam?
Each account type comes with its own set of perks, with the higher account types offering the best perks and benefits. They even have affiliates who individually promote platforms to others and force them to invest maximum money. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge.
Using a Data Room for M&A
This review was written to shed a light to some of the allegations about LexaTrade’s legitimacy. 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. More so, this latest addition to a bunch of Lexatrade reviews aim to bring clarifications to tags on the internet such as LexaTrade scam, LexaTrade scammers and LexaTrade cheating. And besides, if you really want to do advanced technical analysis, LexaTrade offers Meta Trader 4 so you can have the best of both worlds.
That being said, they are very new at the time of this review, so there is time for improvement. Licensing is another important part because we can trust aregulated broker to some extent not to do anything fraudulent. We do this partof the review by first checking the name of the company attached to the broker.Then we run that name through various regulatory bodies to discover if itregulates said brokerage.
