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The minimum withdrawal amount is 50 USD, and if a client withdraws the money without realizing 5 independent transactions, LexaTrade will charge a 5% fee. Currency pairs, indices, commodities, metals, energy, stocks…..LexaTrade allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on LexaTrade. There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website. There is no mention of an inactivity fee but we cannot guarantee that you won’t be charged one. Live chat support was available at the time of our visit but a bit slow to answer.

  • We can see that the VIP account has the most competitive spreads.
  • All information on is only published for general information purposes.
  • The cheapest option is $250 while the most expensive is $100,000.
  • The case with its funding is much of the same, as there are some things that look good.
  • Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose.

It doesn’t do anything to stand out, and the vast majority of traders can easily find an option that’s both more comfortable and more powerful. 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.

Lexatrade experience is an offshore broker registered in Saint Vincent and Grenadines, currently has no any regulations. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. There are way too many categories on, and navigating around the website is challenging. The dropdown menus have vague names, and as such, the categories inside them seem almost arbitrary. The same goes for visuals, as the various elements are glaringly mismatched. It looks like the broker took stock images, put them in boxes, and called it a day.

  • Altogether, it’s just a middle-of-the-pack broker, and there are a ton of similar companies out there.
  • 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.
  • The term “Fake News” has been splattered on the online Metropolis for a reason.
  • We will give you an additional $1,500 when you open a new account with $5,000.

For starters, there’s the fact that the cheapest account doesn’t require a huge deposit. We aren’t the biggest fan of the huge jumps between the sums you need for different account types. However, that’s a minor complaint, as what you get for each account is actually pretty fair for the price point. One more significant concern is that the broker locks the MT4 platform behind the more expensive account types. The setup itself is tried and true and is one of the most common ways for brokers to structure their accounts.

Cheapest and most expensive aren’t the most precise terms, as there’s no actual cost attached to the account. However, we can’t neglect the fact that $100,000 is a hefty sum and isn’t something anyone can reach. Again, as we said earlier in our Lexatrade review, the broker doesn’t do anything that sets off alarms. It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need to tread carefully. LexaTrade is ambiguous about how deposits and withdrawals work, and we can only get come basic information in the refund policy page.

Should I Open An Account With LexaTrade?

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. Also keep in mind that the company is regulated (IFMRRC), which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all. That being said, caution should be used anytime money is involved, with all brokers, old or new.

We offer favorable terms that allow you to take control of your money. A variety of trading tools, automatic signals about profitable transactions. Low spreads, 0% commission, bonus programs, multi-language call centre.

The broker’s offer does actually seem decent enough, but the presentation isn’t up to par. We’ll see if the broker’s functional prowess ends up improving what we think. Perhaps we’re being too harsh since if you know what you’re looking for, you’ll find it. We wouldn’t be surprised if entry-level traders couldn’t find their way around and simply decided to use another brokerage.

LexaTrade Features and Options

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. The default proprietary platform is good enough, with an intuitive interface and a solid set of analytical features. As such, we can’t hold the deposit requirement for MT4 against the broker too much. But as we said, we don’t like paywalls for core features as a practice, although you may not mind them at all. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

This is not the case with lexatrade and thus far we consider this CFD broker a reliable partner for your trading needs. Of course, the broker has options for downloadable terminals, web platforms, and mobile apps. So there’s the argument that some regulation is better than none, and that does hold up.

And even then, you only get the web version, and you need the $50,000 account for the full unlock. There are also other newbie-baiting features, such as the bonus that Lexatrade offers. A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages.


This company does not do its job well, and pretends to be a broker that does not give returns at all. When I invest 350s, I immediately get the indices and the operations resolved to make me lose my money. On our website, you can see that some users have reported scams.

How can I recover my money from LexaTrade?

Refund Policy

The first item to return is a withdrawal request. The withdrawal application must be submitted in writing according to the agreement provided by the Company.

There are also Islamic swap-free accounts and a sample trading account available. This is a fantastic service that covers all of the key markets and asset classes. LexaTrade provides a detailed spread table where the clients may easily compare and inquire the spreads of different instruments in different platforms. We can see that the VIP account has the most competitive spreads. 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.

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. The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review.

The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. That, along with the multiple phone lines, makes the broker easy to reach. The representatives are adept at problem-solving, so the overall communication flow is great. However, better options are present online, and it’s easy for most traders to switch. While the first account is cheap, also robbed it of most features. As such, we don’t think you can get a competitive trading service up until the $10,000 account at least.

It allows them the greatest reach, as the primary concern with the accounts is budget rather than trading style. That means the accounts suit most strategies, and as such, can attract diverse groups of traders. Lexatrade has five different account types covering budget and high-end options. The broker uses a tiered account progression where each type requires you to reach a specific threshold. The cheapest option is $250 while the most expensive is $100,000. Unfortunately, it is almost impossible to get the money back from this type of broker.

Cyber swindlers’ latest weapon: Your trust – Times of India

Cyber swindlers’ latest weapon: Your trust.

Posted: Mon, 01 May 2023 07:00:00 GMT [source]

Our team of scientists have experience and deep knowledge of Computer Security and Artificial Intelligence (AI). Furthermore, while there are some solid conditions, they all come with high price points. And if you’re already depositing that much, there are many brokers that do what Lexatrade does but better. For us, the elephant in the room when visiting is how clunky the language is there.

13 held for fraud on the pretext of currency trading – Hindustan Times

13 held for fraud on the pretext of currency trading.

Posted: Wed, 01 Mar 2023 08:00:00 GMT [source]

It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable. 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. Overall this is a promising broker but a few tweaks here and there would make it a better one.

What is the rating of LexaTrade?

LexaTrade is rated 2.4 out of 5, based on 17 reviews by employees on AmbitionBox. LexaTrade is known for Work-Life balance which is rated at the top and given a rating of 2.6. However, Salary & Benefits is rated the lowest at 2.0 and can be improved.

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