The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. Their platform and interface look clean and the account types are versatile enough to accommodate both newbies and professionals. The most commonly used trick that scammers follow is offering a high bonus. They offer appealing returns that may look promising and attractive and make you invest in that plan. And if you’re unfamiliar with what IFMRRC is, we don’t blame you.

They offer a lot of instruments to the retail side at reasonable costs. Plus, the additional tools and bonus packages make them a dominant player in the sector. A lot of times, catalysts like news events make the assets move swiftly and it will be a trap for the people on the retail side. Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with. Thus broker seems to be lacking such regulation or how genuine is lexatrade there is no proof of it.

1. You’ll need to create an exchange account, put up the full value of the asset to open a position, and store the cryptocurrency tokens in your own wallet until you’re ready to sell.
2. Furthermore, while there are some solid conditions, they all come with high price points.
3. Because you’re going long, you open your position by electing to ‘buy’.
4. In the case of CFDs, your losses could exceed your initial deposit.
5. LexaTrade ReviewProper regulations usually ensure that forex brokers are sufficiently capitalized in the event of insolvency or trading losses.

Just like any broker, LexaTrade flaunts a set of advantages to fish investors in the sea of online financial investment. Below are the most salient benefits LexaTrade offers to its users. LexaTrade BackgroundLexaTrade started its operation by just managing cash transactions in real-time trading using PAMM accounts.

This broker offers a balanced mix of functionality and user-friendliness. 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. Payment can be made in three days – using the lender’s debit card, electronic services, or bank transfers.

Compare LexaTrade alternatives for your business or organization using the curated list below. SourceForge ranks the best alternatives to LexaTrade in 2024. Compare features, ratings, user reviews, pricing, and more from LexaTrade competitors and alternatives in order to make an informed decision for your business. Several red flags have emerged from user experiences that cast doubt on LexaTrade’s legitimacy, making it essential to understand these warning signs before investing any money.

Cheapest and most expensive aren’t the most precise terms, as there’s no actual cost attached to the account. Everyone should understand how to distinguish a good broker from those that are often considered scammers and why forex is a scam. We present your user reviews, according to the lexatrade rating of a broker.

I invested online to this company which I got stuck having challenges of posting withdrawal of my investment profit,I sent Vickers Mark all he needed to place a refvnd and I got a call by the bank… I was more interested in stocks, but then I also invested a little in crypto. With the transfer it is difficult, the money goes for a long time. 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.

How can i recover my money from lexatrade

Overall this is a promising broker but a few tweaks here and there would make it a better one. Lower deposits, more information about deposits and withdrawals, a basic FAQ, and a demo account are just a few adjustments that would go a long way and would make LexaTrade a higher-tier broker. That being said, they are very new at the time of this review, so there is time for improvement.

Learn why people trade cryptocurrencies

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. Once you’ve set the number of CFDs you want to trade, your stop-loss and limit levels, you’d open your position by clicking on ‘place trade’. ‘Going short’, conversely, means you expect your selected cryptocurrency’s price to fall, and here you’d elect to ‘sell’ the market. EMIS company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets.

LexaTrade Review – Pros, Cons and Verdict

A mobile platform is available but Demo accounts are not; US traders are not accepted. The overall structure of the accounts at LexaTrade is too expensive in my opinion and putting a $10,000 barrier between the trader and MT4 means that the majority of clients will not use this platform. On the other hand, the Web platform offered for the minimum account is quite enough for the average trader, so maybe that’s not a deal breaker. 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.

LexaTrade also provides a demo account that allows you to try out the financial markets without the risk of losing money. Investing in commodities can be a great way to diversify your portfolio and achieve long-term gains. It’s important to carefully consider options before making any investments, and LexaTrade is a trusted broker that can help you navigate this process. We want to clarify that IG International does not have an official Line account at this time.

1. I was more interested in stocks, but then I also invested a little in crypto.
2. After completing a thorough analysis on ether price movements, you believe the market will trend upwards from its current level of 3200.
3. I did not notice any problems with this broker, with the exception of sales managers.
4. We assist customers with documenting the case against trick representatives.
5. Guaranteed stops will close your position exactly the price you specified, but incur a premium if triggered.
6. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Me helped someone got their stolen money and I decided to give it a try and later put a smile on my face. We make most of our money through our spreads, with a small portion of our revenue coming from other fees. We aim to build lasting relationships with traders and provide a range of tools to help you on your trading journey. Cryptocurrency trading is inherently high risk – the markets are volatile and leveraged derivatives like CFDs only act to amplify these already large and sudden market movements. With us, you can use CFDs to trade 11 major cryptocurrencies, two crypto crosses and a crypto index – an index tracking the price of the top ten cryptocurrencies, weighted by market capitalisation. The cryptocurrency market is a decentralised digital currency network, which means that it operates through a system of peer-to-peer transaction checks, rather than a central server.

Alternatively, open the market’s deal ticket and take the opposite position to one you have open – for example, if you bought CFDs to open, you’d now sell, and vice versa. To set the record straight, investing in LexaTrade is nowhere near ‘LexaTrade scam’ nor ‘LexaTrade cheating’ claimed by naysayers since the broker is covered by a Compensation Fund provision under the IFMRRC. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker.