You can choose which assets to trade, including the biggest and most popular ones. For example, you can invest in U.S. crude oil, Brent oil, spot gold, or silver. LexaTrade also provides trading signals for each of your trades. Lexa Trade is a nascent brokerage company founded in 2018. It is regulated by the International Financial Market Relations Regulation Centre, making it a reliable broker in the forex market.

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There are also indices, stock and commodities, but you’ll have to unlock them first. This restrictive policy is extended to other things also – the better parts of the broker are reserved for the more well-off customers. Lexatrade is one the worst company with full of pathetic employees. One Mr. Rayan Mathew in kerala always pushed me to deposit more fund. This regulatory body is one of the most trusted in the world, meaning earning a regulatory status from an organization guarantees the safety and reliability of a broker. EvenInsight.com is a venture of Even Insight Technology and a website for cyber security and analysis.

• The most significant advantages of gold accounts are reduced spreads and the possibility of passive earnings.
• It is compatible with any browser and can combine various commercial operations.
• Its multi-asset trading services have garnered the trust of its clients and has earned it a spot in the top forex brokers in industry.
• You might think this is an easy task because all you have to do is look up brokers on the internet.

False Claims: Analyzing Negative LexaTrade Forex Brokers Reviews

Kingsley Cole, A young and brilliant guy, called me and gave me the details via skype video call, email and normal call, I adhere to what he told me and I am experiencing it in a positive way. I still have a personal relationship with Kingsley Cole. I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time.

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These statements have no legitimate grounds and are clearly libelous. It does not provide any evidence that he was scammed by LexaTrade, or any idea of problems that Urbanek has encountered with the broker, hinting at the probability of reviews illegitimacy. False statements like these are easy to create but have a dangerous impact on the broker’s reputation. This is why reviews like these are most often created by competitors.

LexaTrade Review: Fees, Commission & Spreads

Whenever i asked pay out they are telling some reason. One person Mr. Benny , whenever deposit he called me.. ( whether it is true or not i dont know https://investmentsanalysis.info/ ) but no other answering me.. Reviews like “LexaTrade cheating” or “LexaTrade scammer” are nothing short of slander that only benefit the competitor.

Holding its business operations in Saint Vincent and the Grenadines, many traders doubt the legitimacy of the broker, let alone Lexatrade’s regulatory credential. This is because there are many traders online claiming to have been scammed by LexaTrade. Nowadays, it is second nature to an investor to choose an officially regulated broker with a decent regulatory history. Hence, it is of primary importance for a forex broker to assert its legitimacy through its regulatory certifications.

XCritical mobile app offers an easy-to-use interface, traders can access their trading account on the go, without any hassle. They can open positions, execute trades quickly, and monitor their account balance from anywhere, at any time. The app also offers a range of features to help users stay informed, including access to currency forecasts, real-time asset quotes, and the ability to set stop loss and take profit levels. Whether a beginner or an experienced trader, the XCritical mobile app is a great way to enhance your trading experience. XCritical is lesser known to traders than MT4, but this does not make it inferior in providing quality services. Also, a mobile platform is far more accessible and convenient than any other platform, which means traders can trade anytime and anywhere without the hassle.

Live chat support was available at the time of our visit but a bit slow to answer. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified. Information about withdrawals is missing and this should be addressed by LexaTrade. The Gold account comes with the LexaTrade Review web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. Lastly, LexaTrade highlights the markets’ Reporting Season, which is the most profitable period of the year in trading. Clients are encouraged to participate in an event, and LexaTrade provides a list of the best stocks to invest in.

And speaking of tighter spreads, they really are low on this platform. It’s true, they differ from pair to pair and from account type to account type, but even so they are mostly very tight, especially in relation to other similar exchanges and brokers. These instruments are highly profitable and risk-oriented.

Many have praised LexaTrade forex broker for its speed of providing services and giving more than what is expected of it. Below are only some of the LexaTrade broker reviews written by legitimate clients on the website of TrustPilot. Negative LexaTrade reviews vary for a number of reasons. Some are legitimate issues and concerns, while others were scammed by LexaTrade — false claims crafted by competing companies. There will always appear negative reviews about every broker, even the most trusted ones. This is a simple fact in the trading industry, where competition can sometimes be cutthroat.

Its multi-asset trading services have garnered the trust of its clients and has earned it a spot in the top forex brokers in industry. LexaTrade, like most brokers, offers the MetaTrader as one of its primary trading platforms. This is due to the fact that both professional and beginning traders can execute their own trading styles on the MetaTrader platform. However, this may not be LexaTrade’s strongest platform. This broker offers its own online proprietary platform called LexaTrade web platform, an intuitive and sophisticated platform that incorporates the broker’s own unique features in trading. One of the security measures that LexaTrade has imposed for the safety of its clients is strict payment procedures.