It does not provide any evidence that he was scammed by LexaTrade, or any idea of problems that Urbanek has encountered with the broker, hinting at the probability of reviews illegitimacy. False statements like these are easy to create but have a dangerous impact on the broker’s reputation. This is why reviews like these are most often created by competitors. Every broker has received negative feedback from customers, critics, and even the general trading industry was accused of cheating. It is a common thing in industries where services are the main product of companies. Even the most reliable companies that have graced the top brokers’ list for many years have received negative feedback.
Other Trading Features & Tools
MT4 platform is a classic choice, especially for Forex trading, and has been trusted by expert traders since it was released in 2005. One of the best services provided by LexaTrade is its trading platform, which was developed to incorporate unique features of the broker better. But other than that, LexaTrade also offers the MetaTrader4 and XCritical mobile app.
Of course there are questions, but after correspondence with tech support everything is successfully resolved. “If, in general terms, the company works honestly, and I would not say that LexaTrade scammers. It is not necessary to wait for some news, and the market is moving unpredictably. LexaTrade’s live chat through its trading platform is complemented with other social media platforms, including Skype and email, as additional means of communication.
However, as with all newer brokers, it’s essential to exercise caution and thoroughly assess its features and regulations. The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year. But most importantly, these benefits are immediately laid out for new clients.
XCritical Mobile Platform
It is also seen as long-term investments because of its steady and highly-profitable trading. If the forex market is volatile, the commodities markets go through even higher levels of volatility, which means trades must be carefully decided upon. LexaTrade’s live support team is also available to help any client with it. Trading with LexaTrade lets you invest in globally-traded assets like U.S. oil, Brent, and spot gold. One of the security measures that LexaTrade has imposed for the safety of its clients is strict payment procedures.
Security
The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. LexaTrade cites certification by the International Financial Market Relations Regulation Center (IFMRRC) as evidence of regulatory oversight. However, the IFMRRC is a self-styled organization without statutory authority, offering certification for a fee rather than enforcing compliance through legislative mandate. The IFMRRC’s governance structure, funding sources, and oversight practices lack transparency, and it has been flagged by external domain-analysis services for low trust indicators.
What to Do if You’ve Been Scammed
LexaTrade does not appear to meet these lexatrade basic requirements, and therefore, it cannot be recommended as a legitimate broker. LexaTrade claims to offer access to a wide variety of financial instruments across several asset classes. It presents itself as a multi-asset broker offering trading through platforms like MetaTrader 4 or a proprietary web-based platform.
- LexaTrade Forex brokers reviews are all over the Internet as proof of broker’s reliability and professionalism.
- 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.
- It only partners with trusted global banks in handling their clients’ funds in segregated accounts.
- The readers are only given an idea of what the online trading community thinks of a LexaTrade broker.
LexaTrade Features & Fees
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. LexaTrade has often been found on the negative side of things when it comes to client reviews. However, it is crucial to note that not all client reviews came from the real clients of the broker. Black propaganda such as scammed by LexaTrade against the broker being stirred by its competitors can be another possibility to take into account. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors.
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. In conclusion, while the promise of easy trading may be tempting, LexaTrade is fraught with risks that make it unsuitable for investors who prioritize security and legitimacy. Commodities are viewed as steady, long-term, highly profitable investments. Commodities being long-term investments means that they must be carefully decided. Broker LexaTrade ensures that its 24-hour client service team provides the best support to traders. Trading in commodities markets subjects you to high volatility, an excellent investment opportunity.
LexaTrade’s provision of these platforms allows for good options for transacting their trades. Even without LexaTrade’s proprietary platform, MT4 and xCritical platforms are enough to render good trading conditions to create strong investment portfolios. Several reviewers state that they were unable to retrieve their funds or were subjected to arbitrary fees and account restrictions. Complaints of being locked out of accounts or experiencing unexplained losses are not uncommon. These kinds of issues are highly alarming and are typically not present with licensed, reputable brokers.
- Knowing more about Lexatrade – its features, pros and cons, customer reviews, and legitimacy as a financial service provider by reading comprehensive LexaTrade rezension in general.
- Repeated complaints about access to funds are a serious indicator that the broker might not be operating in good faith.
- MT4 Terminal is compatible with any desktop computer and operating system.
- The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year.
Legitimate brokers face regulatory consequences if they mishandle client funds or engage in dishonest practices, which acts as a strong deterrent against such behavior. Funding methods listed by LexaTrade include credit cards, bank wire transfers, and various online payment processors. While these are standard across the industry, the real concern lies in the withdrawal process.