Any existing trader can sign up to participate in the program and receive incredible bonuses. As the platform is not worth considering, I was looking for the best alternative, and after researching for days, the most recommended broker I found was InvestFw. The platform offers a long list of trading instruments, is regulated and most importantly, is not a scam. 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. My advice is that everyone need to be careful of the platform you deal with.
- It is acquiring more and more clients as it continues to improve on the best services it could offer.
- The broker’s offer does actually seem decent enough, but the presentation isn’t up to par.
- Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader.
- 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.
Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice. However, it is an offshore broker restricted to operating in the US and Europe. LexaTrade customer support is very impressive as it offers full-time support with 24/7 operating hours.
It contains no legitimate grounds or even constructive criticism about brokers. It plainly claims that this broker is something else without any proof. Baseless accusations like these are examples of libelous claims executed by competitors to smear another broker’s reputation. Competition policy, including digital competition, is reserved for the whole of the United Kingdom. Avoid abusive language and personal attacks, directed either at the broker or the author. The company charges a service charge of 5% if users make less than 5 independent transactions.
This experience has eroded my trust in Lexatrade’s reliability, leaving me frustrated and questioning their legitimacy. Potential users beware; the withdrawal problems overshadow any potential benefits this platform may offer. This broker offers a balanced mix of functionality and user-friendliness.
Lexatrade’s Trading Platform
The representatives are adept at problem-solving, so the overall communication flow is great. Lexatrade has five different account types covering budget and high-end options. The broker uses a tiered account progression where each type requires you to reach a specific threshold. The cheapest option is $250 while the most expensive is $100,000. Live chat support was available at the time of our visit but a bit slow to answer. Being a global broker, LexaTrade has earned the praises of its clients and the ire of its detractors.
However, that’s a minor complaint, as what you get for each account is actually pretty fair for the price point. One more significant concern is that the broker locks the MT4 platform behind the more expensive account types. https://cryptolisting.org/ Again, as we said earlier in our Lexatrade review, the broker doesn’t do anything that sets off alarms. 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.
How To Withdraw Money From LexaTrade?
The broker’s offer does actually seem decent enough, but the presentation isn’t up to par. We’ll see if the broker’s functional prowess ends up improving what we think. Lexatrade is new forex and CFDs brokerage that primarily operates in Europe. It opened just earlier this year and has attracted a good bit of attention as such. In our Lexatrade review, we’ll look at how beneficial it is for customers compared to other options.
LexaTrade lists the world’s biggest stocks, previous revenue, and forecasts. It also includes the date when the forecasted value is expected to happen so traders can prepare. The broker offers a wide range of incentives, welcome bonuses, promotions, etc. New clients are especially showered with welcome bonuses as a means of getting them on board a unique trading experience.
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. 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. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader.
LexaTrade Review: Customer Support
Using a platinum account from LexaTrade, you can enjoy a 2-hour account analysis per week. The platform supports bank wire, credit /debit cards, Skrill, Neteller and OrangePay for both deposits and withdrawals. Moving forward with this LexaTrade review, lexatrade scam we will further discuss the platform’s fees, platforms and account types. However, better options are present online, and it’s easy for most traders to switch. While the first account is cheap, lexatrade.com also robbed it of most features.
LexaTrade
As stated above, the LexaTrade website offers five account types to their clients. Thanks to several such options, the broker easily monitors the demographic situation among traders and their needs. Now we will delve deeper into the specifications of each account type and choose which is most fitting to each trader.
However, much information regarding the same is unavailable on its website. 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. Cheapest and most expensive aren’t the most precise terms, as there’s no actual cost attached to the account. However, we can’t neglect the fact that $100,000 is a hefty sum and isn’t something anyone can reach.