I have been trading on the market for five years, of which almost two years on LexaTrade. These online venues are unfiltered and, at times, uninformed and misguided. Unsubstantiated LexaTrade reviews in social media cannot be grounds for an objective assessment of broker work. Subscribing to Social Media might not be the best idea to get an impression about the broker LexaTrade.
Editor’s Note: Why LexaTrade Doesn’t Suck in 50 Words
We’re nearly certain the broker made the accounts just to seem more open. While the first account is cheap, lexatrade.com also robbed it of most features. As such, we don’t think you can get a competitive trading service up until the $10,000 account at least. The setup itself is tried and true and is one of the most common ways for brokers to structure their accounts. It allows them the greatest reach, as the primary concern with the accounts is budget rather than trading style. That means the accounts suit most strategies, and as such, can attract diverse groups of traders.
- This enables safe trading using modern technologies and does not require downloading and installing platform software.
- The user-friendly UI of the platform helps both beginner and professional alike.
- LexaTrade wants to make sure their clients are knowledgeable about any trade before they begin.
CUSTOMER SUPPORT
Aside from hefty welcome bonuses ranging from 30% to 120% of initial deposit, LexaTrade also gives a referral bonus. This is awarded to a trader who refers a friend to trade with broker. Up to 50% of the total amount of the referred client’s initial deposit will be awarded to the referring trader. LexaTrade’s funding options are lexatrade scam limited to the following – VISA/Mastercard, cryptocurrency, Skrill, Neteller, and Arangepay. A 5% additional commission is charged for clients conducting less than 5 independent transactions. Am only happy because I found help after reporting to a recovery firm and they helped me recover all I lost to these fake crypto platform.
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Competition policy, including digital competition, is reserved for the whole of the United Kingdom. This will help deliver one of the Government’s five priorities to grow the economy by increasing consumer choice and confidence in the products they buy and services they use. Avoid abusive language and personal attacks, directed either at the broker or the author. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.
Commodities
It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need to tread carefully. Reading this LexaTrade review permits interested traders and companies with the brokerage to gain a perspective of LexaTrade. If it had not been made clear yet, believing the tags such as “LexaTrade courses scam” and “LexaTrade cheating” is simply oversimplifying one’s understanding of how brokering works. It is possible that LexaTrade had been misunderstood and misrepresented in new media. Collaboration of LexaTtrade with social networks proves that the company is reliable and tries to save trader’s money. Some negative reviews exist, but they are likely to be ordered by competitors because there aren’t any photos.
With their 24-hour client service team, you can get the support you need whenever you need it. Deposits are processed immediately, ensuring that you have access to your funds whenever you need them for trading. However, withdrawals may take a bit longer, usually about 3-5 business days to process. This is to provide the necessary time for necessary transaction procedures. LexaTrade has often been found on the negative side of things when it comes to client reviews. Black propaganda such as scammed by LexaTrade against the broker being stirred by its competitors can be another possibility to take into account.
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 look good. For starters, there’s the fact that the cheapest account doesn’t require a huge deposit. As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows. Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest.
The broker offers different types of accounts to its clients for better trading experience. Aside from throwing shades to broker, some online client reviews also burst out that https://turbo-tax.org/med them by not allowing them to withdraw their funds from their accounts. Albeit contrary to one client review above, the issue can be easily identified as a misinformed judgment on the client’s part. In one way or another, clients who were unable to withdraw their funds from their accounts might have violated some conditions and guidelines without them knowing it. Aside from throwing shades to the broker, some online client reviews also burst out that LexaTrade scammed them by not allowing them to withdraw their funds from their accounts.