Who are brokers? We see them in Hollywood films, ambitious and impudent, easily making profitable deals and getting richer in front of our eyes. However, we meet brokers not only in the movies. This is a very real profession. Since we are interested in transactions on exchanges, then we will talk about Forex brokers.
An exchange broker works in the Forex market on behalf of and at the expense of private clients and companies. It helps them buy profitably and then resell these assets to make money on the difference. Of course, brokers work for a commission.
If you are a beginner investor and decide to open your first account on the exchange, for a successful start, you need to find a stable and reliable investment broker. You need a partner who will help you navigate the flow of information, understand how the market works and what points to pay special attention to.
Many organizations provide brokerage services. Unfortunately, the choice of honest brokers focused not on their benefit, but the profit of customers is not so wide. Therefore, you might sometimes see statements about why Forex is a scam, and you should not get involved in it. In this Forex review, we will try to see if LexaTrade fraud is made up by its competitors, and it is actually an honest broker.
Lexa Trade is a Forex broker that allows you to invest in various financial instruments such as stocks, currencies, commodities, and many more.
- Name: Swisstone Group Ltd.
- Location: Vincent and the Grenadines
- Year established: 2018
- Regulation: Financial Market Relations Regulation Center (IFMRRC)
- Website: www.LexaTrade.com site
- Customer support: 24/7
- Leverage: 1:200
- Platforms: xCritical Web Platform and Mobile App, MetaTrader 4,
- Withdrawals: min. $50 plus 5% commission if no significant trading volume
- Number of instruments:
- Bonus: plus 30% on deposit for new customers
After going to the LexaTrade official site, you will be able to navigate easily to different sections with information about platforms, instruments, promotions, and LexaTrade login page. We can say that registration on the LexaTrade site was quite quick. We were able to go to lexatrade.com, login, and use a demo account to learn the platform and its operation. The website layout, colors, and overall impression are satisfactory.
On the LexaTrade broker’s official site, you can see that their customers will get:
- Instant access
- Personal account manager
- Variety of trading tools and automated signals
- Autochartist market analyzing technology
Contact with the broker via email, in our opinion, is great because we got the desired response in the expected time. We also looked into the Legal Documentation and noticed that there is all the necessary information – from the detailed currency instruments offered by the broker, market information, to data directly related to the company. Nothing suggested that LexaTrade cheat their customers with tricky terms and conditions.
What People Say About LexaTrade: Real User Reviews
To choose the best, you need to analyze many characteristics, ranging from the broker’s total trading volume to reviews and ratings from real users. Here, we would like to include LexaTrade customer reviews that objectively reflect their activities and provide users with an opportunity to evaluate this broker and see if LexaTrade lie to their customers.
“I have been using the Lexatrade platform for 2 years and have never seen such a well-functioning stock exchange – above all fast payouts and great contact with analysts!”
– Janusz Biniek
“I decided to try my hand at trading in financial markets. My choice fell on LexaTrade because the broker has a fairly good reputation. The broker has an excellent training center, there are quite a lot of video lessons and everything is explained.
As soon as I finished the training course, I decided to switch to real trade and test my strength. Everything was great when I started trading. It seems that everything started to fall into place, of course, not right away, but personal managers are always ready to help. I trade to this day although there are risks, but managers always help. I trust the broker and I’m glad I chose him.”
“A good brokerage company for trading with a wide range of instruments available. The company is perfect for professional traders. LexaTrade is an excellent platform and a reliable broker. Recommend!”
– Allen B.
A conclusion we came in our LexaTrade review is that this broker does everything to keep its customers satisfied, and the whole LexaTrade scam thing one might stumble over on the internet is nothing more than maneuvers of competitors who seek to bring LexaTrade broker down.
As with any broker, we recommend familiarizing yourself with Terms and Conditions before you trade and gaining some trading experience in the demo account first. Remember that with investing, there is always a risk associated with losing capital no matter how experienced you are, so do not invest funds that you cannot afford to lose.