Trading carries a high level of risk and may not be suitable for all investors. MT4 is the platform of choice for professional traders, while the proprietary platform caters more to beginners. However, the proprietary platform’s lack of sophistication may not satisfy advanced users. 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.

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. We will feature some feedback and LexaTrade broker reviews of current clients to give us some first-hand experiences with the broker and how they feel toward their service provider. The first LexaTrade review is found on TrustPilot’s page and the other one is written on LexaTrade’s Facebook page. Both statements did not detail Urbanek’s issues with the broker, and only proceeded to create false statements about it.

• It is praised for various reasons–from trading platforms to payment methods and its profitability.
• You can also access one trading technique provided by the broker and trading in commodity markets.
• However, its regulatory shortcomings, high trading costs, and numerous user complaints make it a questionable choice for anyone prioritizing safety and transparency.
• Traders who have reached this state have more points, trade without restrictions on the number of transactions, have access to funds, and have the opportunity to defer payment.
• Table below details all the features and offers that each account provides its users.

LexaTrade Services

LexaTrade’s hidden and restrictive charges are additional indicators of potentially unethical practices. Given these three major points, LexaTrade may be seen in a more positive light. Hence, the allegations of scam and the libel hurled against it through various online resources are effectively dispelled.

On the other hand, trading tools and research materials are all important helpers in assessing positions and executing trades. The information that these tools give are enough to forecast the probable results of each deal. Lastly, LexaTrade highlights the markets’ Reporting Season, which is the most profitable period of the year in trading. Clients are encouraged to participate in an event, and LexaTrade provides a list of the best stocks to invest in.

The financial products offered by the companies listed on this site pose a high risk and can lead to the loss of all your funds. When trading stocks, CFDs, or other derivatives, consider whether you understand the function of differential contracts and be aware of the high risk of losing your funds. This detailed review evaluates the platform’s features, trading conditions, customer service, strengths, weaknesses, and overall reliability.

The spread on major currency pairs such as EUR/USD is relatively low, but the spread may widen for less liquid assets. Platinum account of LexaTrade broker takes the advantages and perks of previous accounts to a higher level. It was curated specifically for advanced traders who invest both in short and long-term. Prior to making any investment, we highly advise you to thoroughly review our Terms and Conditions. The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices.

Lightspeed Trading Review

They also provide traders the optimal opportunity to learn the basics and complexities of trading through different educational resources. Aside from throwing shades to broker, some online client reviews also burst out that LexaTrade scammed 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. LexaTrade offers trading instruments in stocks, shares, commodities, and foreign exchange markets. Currently, the broker has over 200 trading instruments offered to its traders.

Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and lexatrade news up to date, things can change without notice and therefore you should do your own research. Currently, LexaTrade is not fully regulated by major financial authorities such as the UK’s FCA or the US’s CFTC, which is a significant factor to consider when assessing its reliability. The lack of regulation from a reputable body means that traders may not have the same level of protection that comes with using a fully regulated broker.

• The server operator Almina Corp as is not a registered broker, investment advisor or broker.
• Below are only some of the LexaTrade broker reviews written by legitimate clients on the website of TrustPilot.
• It aims to attract traders with promises of high leverage, multiple account types, and extensive educational resources.
• To find out the brokerage’s profile, one should consult other sites with LexaTrade reviews.
• LexaTrade offers diverse trading instruments such as Forex, Commodities, Indices and Shares.
• While some users praise the educational tools and platform usability, these positive experiences are overshadowed by the negative feedback.

UTrade Review

The most significant advantages of gold accounts are reduced spreads and the possibility of passive earnings. 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. The links that were included in the quoted testimonies will direct the readers to actual existing, live, and legitimate sites.

Risk Warning:

Investors need these tools and materials every day since they hold key information about potential results of their executed trades. After a thorough review of the trading aspects of the broker, let us now conclude our assessment of the LexaTrade forex broker. After a lengthy and extensive probe into the services and LexaTrade Forex brokers reviews, let us sum up the advantages and disadvantages of LexaTrade as a broker. LexaTrade’s live chat through its trading platform is complemented with other social media platforms, including Skype and email, as additional means of communication. The Web platform displays 170 trading instruments, charts, and order management tools to monitor trading positions and technical adviser Autochartist effectively. LexaTrade provides a Web platform armed with a wide range of tools, risk-management features, and best trading solutions.

You also have free access to paid webinars, a once-a-week communication with a VIP analyst, full-time stock trading, special offers, and a customized portfolio for the earnings season. This account is especially curated for professional traders trading in four financial markets. When it comes to accounts, LexaTrade provides all possible options for each client to find what they need.

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. If, in general terms, the company works honestly, and I would not find any illegal actions.

Regulation and Security

In terms of security, LexaTrade uses SSL encryption to protect sensitive data, which is standard for most brokers. This encryption ensures that your personal and financial information remains private when making deposits, withdrawals, or logging into the trading platform. Looking at reviews about LexaTrade on various websites shows that the broker is actually trusted and respected by its clients.