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This is because there are many traders online claiming to have been scammed by LexaTrade. But browsing the broker’s official site, LexaTrade asserted the legality of its business operation and its regulatory compliance with the International Financial Market Relations Regulation Center (IFMRRC). Despite limited information available on the LexaTrade website, other Lexatrade broker reviews will tell you that the broker is under the lexatrade login Maxi Markets group. However, LexaTrade forex broker’s official site claims that the brand is owned and operated by Swissone Group Ltd.
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. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. Along with the broker’s regulatory background, this broker review will also rundown key advantages and features of LexaTrade.
If you live in any of them, you should find an alternative broker to meet your trading needs. If you’re reading this, you have most likely heard about the Quotex trading platform and are considering using its services. LexaTrade provides an intuitive and easy-to-understand interface. You can see the terms and amounts next to the graphs, which makes it easy to immediately understand everything.
Compare LexaTrade alternatives for your business or organization using the curated list below. Compare features, ratings, user reviews, pricing, and more from LexaTrade competitors and alternatives in order to make an informed decision for your business. Indices are baskets of stocks that track the performance of a particular market or sector.
Additionally, it will provide LexaTrade reviews from LexaTrade clients to help you picture out the broker’s overall service. The trading offer is one of the most important factors traders consider before trading with a broker. As such, xDirect has worked hard to ensure that it provides its clients with diverse tradable instruments to meet their trading needs. In the following sections, I will provide a more in-depth analysis of each trading account offered by xDirect. By the end, you’ll have a comprehensive understanding of each account type, empowering you to choose the one that suits your trading requirements.
This time, we will feature some of the feedback and reviews of current LexaTrade clients to give us some first-hand experiences with the broker and how they feel toward their service provider. From the Standard Account, offering a straightforward entry point with competitive features, to the Pro Account, tailored for experienced traders seeking advanced trading conditions, xDirect leaves every trader behind. XDirect offers you two distinct platforms designed for your convenience as a trader.
With this platform, traders can access advanced features such as automated strategies, expert advisors (EAs) and analytical tools that make trading easier and more enjoyable. LexaTrade customer reviews scanning mixes digital and common currencies. Thus, traders can trade their currency pairs, creating, for example, a mixture of the dollar with bitcoins or the euro. This ensures that the trader can take into account the most insignificant prices and get a high level of volatility. From signing up to logging in to your account and even resetting your password, whether on your desktop or mobile device, Quotex is a simple platform for both beginners and experienced traders. In order to become a trustable company in providing financial and trading service, the Broker should be sharply regulated and retain a sufficient level of reputation through its operational history.
Before making any financial commitments, it’s an opportunity to improve your self-confidence. Selecting a broker might be difficult because they all seem to provide the same trading terms. While conducting the review, I examined all the necessary conditions, leaving no stone unturned. I furthered my research by reading several customer reviews to ensure that the claims on the xDirect website were legit. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge. 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.
In bank transfer, the pound, euro and dollar are the accepted modes of payment and they incur no fee. This is the same while using credit cards from Visa MasterCard and Maestro. Scalping is allowed, but scalpers must determine if the spreads are tight enough to make scalping profitable. Yes, it is, and as a market maker, it profits directly from client losses where it acts as the counter-party. Testing a broker’s terms first on a demo account is crucial, in my opinion, to make sure they are compatible with your trading strategies.
Thanks to trading consultants, you can conduct remote trading using mobile gadgets and trading consultants. One of the advantages of the payment system is the ability to conduct any transaction using bank cards. In addition, it is impossible to say that LexaTrade lie, because here you can pay with cryptocurrencies or other countries, such as precious metals, major currencies, and indicators. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Besides using two-factor authentication, it’s important to change your password to keep your account secure regularly. We recommend changing your password every three months to maintain the highest level of security on your Quotex account.
The charting tools available on the platform are highly specific to the asset classes you trade on. Apparently, the pair of customer reviews clearly reflects the broker’s honest and quality trading services, contrary to some maligning customer reviews that try to dent the broker’s reputation. These clients are enough proof that ‘LexaTrade scammers’ is merely a baseless claim.
The maximum withdrawal amount depends on whether you have a VIP or a standard account. Your funds will return to the method of payment that you used to deposit money. The withdrawal of funds takes from 24 hours to 3 days for investors. Most of the company’s customers say that money comes without a problem. Sometimes it’s about small overlays, but technical support helps you solve them quickly. The trading terminals have all you need but no real advanced functions.
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. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client.