Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. While LexaTrade is equipped with impressive advantages, it still faces negative reviews. This may be from the company’s financial malpractice or maybe from competitors’ interest to drag LexaTrade down. Regardless, we still have to consider the legal documentation presented in its official site.
Features
However, the broker has a low user rating, with mixed reviews as some complain about the platform while others appraise it. 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. LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability. The platform is designed to offer a convenient and user-friendly trading experience, with excellent terminals that make trading profitable while minimizing risks.
Lexatrade offers personal account managers to its users and they help in trading. 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.
It requires all the necessary information including name, email, address, and telephone number.
With over 170 trading instruments, various tools, and timely risk management features, the platform ensures a high-quality trading experience overall. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. Overall, Lexatrade stands out as a reliable brokerage for forex and crypto traders, offering a solid combination of educational resources, customer support, and trading tools.
Trade with TOP RATED BROKERS Instead
LexaTrade has a referral program in which affiliates receive up to 50% of the deposit amount as a bonus. This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250. Lexatrade is a dynamic brokerage platform catering to both forex and crypto traders. With a user-friendly interface and a range of trading tools, Lexatrade aims to provide an exceptional trading experience for both novice and experienced traders alike.
- To get a better understanding of how brokers(both licensed and unlicensed) work, read our review on Fxcryptomine, FTG Markets, Capital GMA, Kiexo.
- The server operator Almina Corp as is not a registered broker, investment advisor or broker.
- 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.
- While LexaTrade is equipped with impressive advantages, it still faces negative reviews.
Lexatrade’s Trading Platform
The broker doesn’t hide the fact that it’s trying to goad you into depositing more. LexaTrade is a financial trading platform that offers a range of financial instruments for traders to choose from, including contracts for difference (CFDs), foreign exchange (FX), and cryptocurrencies. 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. Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc.
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.
Overall, Lexatrade stands out as a competitive choice in the online brokerage market. 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 is lexatrade regulated processing time is not specified. Information about withdrawals is missing and this should be addressed by LexaTrade.
