ONLINE TRAINING PROGRAM FOR TRADERS

Our in-depth and unbiased reviews help investors in choosing the best broker according to their investing needs. Your financial security is of paramount importance to us, and we fervently endorse the exercise of due diligence and seeking professional guidance when making investment decisions. Unfortunately, when a broker looks like it’s a rushed project, it’s often a scam. That isn’t an exact rule, but it’s something we’ve found to be true more often than not.

Whether a beginner or an experienced trader, the XCritical mobile app is a great way to enhance your trading experience.
This lack of regulation raises concerns about the safety and legitimacy of the broker.
LexaTrade ensures that all client funds are kept in a segregated account from the company’s funds.
Abstract：LexaTrade is an offshore broker registered in Saint Vincent and Grenadines, currently has no any regulations.
Deposits are processed immediately, ensuring that you have access to your funds whenever you need them for trading.

LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165. A series of educational resources is available at LexaTrade, such as economic calendar, expiry date of futures, trading hours, compound interest calculator, etcetera. These educational resources provided by LexaTrade aim to empower traders with valuable information and tools to make informed trading decisions.

LexaTrade offers a variety of trading platforms according to the trader’s needs. The enhanced account offering helps traders to trade efficiently and thus improves their trading game. The broker is regulated, but not efficiently by a tier 1 regulation, so clients should be careful while investing with the broker. Even Though the regulation of brokers is not refined, the reviews of the broker online are satisfactory. The broker also provides different trading assets for higher liquidity with high leverage and low spreads. It is regulated by the International Financial Market Relations Regulation Centre, making it a reliable broker in the forex market.

Altogether, it’s just a middle-of-the-pack broker, and there are a ton of similar companies out there.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information.
LexaTrade offers a variety of trading platforms according to the trader’s needs.
As such, we can’t hold the deposit requirement for MT4 against the broker too much.
So the regulation may impose negligible limits on the broker while generating a false sense of confidence for potential customers.
This is a fantastic service that covers all of the key markets and asset classes.

And if you’re already depositing that much, there are many brokers that do what Lexatrade does but better. IFMRRC stands for International Financial Market Relations Regulation Center. However, it’s apparent that it’s much less limiting than even the more lenient country-based regulators. It seems like the website wasn’t designed in English, but rather translated from another language.

LexaTrade is illegal

For us, the results of our students are super important, so every webinar will present case studies based on real-life situations! We make sure that for every 20% of theory our students are given 80% of practical examples that are bound to come in handy in real trading. LexaTrade https://cryptolisting.org/blog/why-is-profit-margin-ratio-important provides a mulitlingual customer support 24/7 to deal with all queries via live chat, email and telephone. At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker’s characteristics at a glance.

How I was scammed by Lexatrade.

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. All we could find is that withdrawal processing takes up to 24 business hours and that a representative will contact the client in order to complete the processing of the withdrawal. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader.

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It is compatible with all major web browsers and enables traders to execute various types of transactions. The spreads of various instruments on various platforms may be readily compared and enquired about by clients using the complete spread table that LexaTrade offers. For AUD/CAD, the Mini spread is 3.8 pips, the Standard spread is 3.3 pips, The Silver spread and the Gold spread are 3 pips, and the Platinum spread is 2.3 pips. It is important to mention that there was no specific mention of commission-related details for LexaTrade. All account types offered by LexaTrade support the use of expert advisors (EAs), automated trading systems commonly used in the Forex market. It is important to note that LexaTrade currently operates without any valid regulatory oversight.

LexaTrade · Company Summary

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. LexaTrade has gained recognition as a reputable multi-asset broker by providing quality services and financial instruments to its clients. 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.

This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. Every single one of our instructors has gone from a beginner to a practicing trader. They know what sort of difficulties you may encounter and are only too happy to share their experience with you. They will help you avoid errors in class so you can make your start in the profession even easier. Lexatrade has launched a universal course for investors with any experience.