LexaTrade: Getting Into the Meat of an Honest Broker

LexaTrade is a forex broker that offers services in currencies, cryptocurrencies, commodities, stock, and indices trading. It is a brand name of Swissone Group Ltd. registered in Saint Vincent and the Grenadines. Its multi-asset trading services have garnered the trust of its clients and has earned it a spot in the top forex brokers in industry.

LexaTrade is licensed and regulated by the International Financial Market Relations Regulation Center or IFMRRC, a non-commercial organization that regulates the activity of brokerage firms in multiple jurisdictions. This regulatory body is one of the most trusted in the world, meaning earning a regulatory status from an organization guarantees the safety and reliability of a broker. 

One of the security measures that LexaTrade has imposed for the safety of its clients is strict payment procedures. The broker only accepts one method in deposit and withdrawal processes to prevent theft. It only partners with trusted global banks in handling their clients’ funds in segregated accounts. They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero.

The Welcome Benefits of Trading with LexaTrade

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. 

For starters, LexaTrade has a “Refer a Friend” program, which allows an existing client to benefit from sharing the services of LexaTrade to friends and fellow traders. A program entails any existing client receiving 50% of the deposited amount of any new trader they’ve successfully encouraged to sign up with LexaTrade. The amount that user will receive is entirely up to how much the new client has deposited. Bonus is guaranteed and will be processed speedily by LexaTrade. 

Another opportunity offered by LexaTrade to their clients is Market Devaluation. This is a user’s chance to purchase particular assets at a lower price. LexaTrade sets a specific time period to get a bonus. In LexaTrade’s most recent Market Devaluation, they priced their Bitcoin for only $5,000 from the original price of $11,000. That’s exactly 50% off of its price. That means: within the period of Market Devaluation, any existing client can buy 1 BTC for only $5,500. They can also choose to purchase 0.5 BTC paying $2,750, and 0.25 BTC paying $1,375. 

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. Along with the list of tradable stocks, LexaTrade also posts stocks’ previous revenue, forecasted price, and timeframe on when to trade it. This way, all traders can prepare their positions ahead of time.

Overviewing LexaTrade Accounts

The strongest suit of LexaTrade is its quality services, which were noted multiple times by traders in LexaTrade broker reviews. The company has even developed its own platform to carry the brand and quality of services expected of LexaTrade. Now we are going to know about LexaTrade’s accounts and how they shape a world-class broker.

Trading accounts offered by LexaTrade are categorized into different types of traders. They were set specifically for catering to beginners, intermediate, professional, advanced, and expert traders. According to LexaTrade official site, the broker provides up to five account types. They vary in features but are all promoting convenient and secure trading.

Start Account

Start account type is basic. It suits beginning traders who are still learning their way through trading. It requires a decent deposit amount but has competitive features allowing to explore the markets. The best quality of a Start account is room for mistakes. Below are full list of specifics:

• $250 deposit amount
• 30% welcome bonus
• Standard market spreads
• Standard withdrawal priority
• Free webinars
• MT4 web
• Forex & Cryptocurrencies markets

Silver Account

It is a slightly pricier account compared to the first one. It is designed for intermediate traders, who are new to trading in the forex market but hold sufficient knowledge about financial markets. Risks are apparent in trading and traders must already be aware of it. Here are main specifics of Silver account:

• $3,000 required deposit
• 50% welcome bonus
• Standard spreads
• Personal financial analyst
• One time 30-minute account analysis with analyst
• 1 trading technique
• Standard priority in withdrawals
• Free webinars
• Forex, Cryptocurrencies, and Commodities

Gold Account

This mid-tier account type is LexaTrade’s most recommended. It comes with unique perks that will be very useful to professional traders. It is definitely more expensive than the Silver Account, but quality always comes with a price.

• $10,000 minimum deposit
• 70% welcome bonus
• Reduced spreads
• Medium priority for withdrawal
• Introductory lessons to forex
• Standard yield on investment portfolios
• Webinars on major economic events
• 2 trading techniques
• One-time session with a VIP analyst
• Special offers from a broker
• Passive earning
• Focus groups participation
• Earnings season trading (limited)
• MT4 web
• FX, crypto, commodities, and limited access to stock markets

Platinum Account

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. 

• $50,000 deposit amount
• 90% Welcome bonus
• High priority for withdrawals
• Low spreads
• 2-hour account analysis with VIP analyst per week
• Standard passive income
• Advanced techniques
• Average yield on investment portfolios
• Half of forex training courses
• Focus groups invitations
• MT4 web & desktop
• Paid webinars
• Communication with VIP analyst every week
• Special offers from a broker
• Customized portfolio for earnings season
• FX, crypto, commodities, and stock trading 

VIP Account

A VIP account is, of course, used by expert traders with years of experience in financial markets. It offers all the best services provided by LexaTrade to aid the trader in his career. Below are specifics of account:

• $100,000 required deposit amount
• 120% welcome bonus
• Highest priority for withdrawals
• Lowest spreads
• VIP analyst for earnings season
• Customized schedule of account analysis
• Unlimited VIP techniques
• Full forex courses w/ diploma
• VIP trading instruments
• Private webinars
• Individual work with VIP analyst
• Special offers from broker
• Higher yields on investment portfolios
• Privileged passive income
• Priority invitation to focus groups
• Investor conferences
• MT4 web & desktop
• Forex, cryptocurrencies, commodities, and stocks

LexaTrade Trading Platforms

As the LexaTrade website states, the broker offers three platforms to choose from: classic MT4, XCritical mobile platform, and LexaTrade trading platform. The first two are known to many traders worldwide, while the third one is LexaTrade’s own developed platform. It was based on incorporating features and qualities that LexaTrade embodies, such as security and convenience. 

MetaTrader4 Web Platform

MtT4 platform is considered as the gold-standard for every other trading platform in the trading industry. It was developed by MetaQuotes and launched to the public in 2005. Since then, it has skyrocketed into a hall of fame. The MT4 performs as a classic choice in trading currencies and CFDs because of its user-friendly interface, speed of execution, and high-grade terminal work. LexaTrade’s offering of the MT4 comes in a web version and it is compatible with any browser. Platform includes a customization feature that comes with listing charts and shifting time ranges. 

XCritical Mobile Platform

XCritical is lesser known to traders than MT4, but this does not make it inferior in providing quality services. Also, a mobile platform is far more accessible and convenient than any other platform, which means traders can trade anytime and anywhere without the hassle. Aside from trading, clients can open positions, manage their account, and execute trades without delay. They can also set stop loss and take profit, track the movement of quotes, check forecasts for different instruments, and view their account balance. 

LexaTrade Web Platform

LexaTrade developed its own proprietary trading platform displaying a high-level of functionality, speed, and profitability. It has an intuitive interface and highly-functioning terminals to make trading comfortable with minimal risks. LexaTrade platform contains more than 170 trading assets and tools to provide quality trading experience. It also has timely risk management.

LexaTrade Trading Conditions: Instruments and Tools

Knowing which markets and assets you can trade is an integral part of choosing a broker. Some brokerage firms offer more assets than others, and that’s what makes them the preferred choice by traders. 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.

Trading Instruments

According to LexaTrade rezension, it supports four financial markets. Each of them are fully available to all clients. Company provides a brief overview of each market and a short list of assets, which clients can trade. LexaTrade wants to make sure their clients are knowledgeable about any trade before they begin.

Currencies

Foreign exchange market is one of the most volatile markets in the industry with price movements that happen every second. It is important to know which LexaTrade features will aid traders in a particular market. Trading forex with LexaTrade broker entails a leverage between 1:100 to 1:400, low spreads, swap-free accounts, and no commissions. There is a multilingual client service support team available 24/5 for every trader. Trading hours for foreign exchange: SUN 22:00 to FRI 22:00 GMT. 

Shares/Indices

Online trading increases its popularity, which means that even global stocks like Google and Amazon can be traded at the comfort of your home. This also means, now would be a perfect time to start investing in it. When trading shares and indices, LexaTrade provides ultra tight spreads and risk diversification. The broker also reminds traders: trading a stock index presents less risks than trading individual stocks.

Commodities

Commodities market is a great opportunity to diversify portfolios. 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. 

Trading Tools

Trading tools and materials are as integral to trading as platforms you use. Tools and indicators on your platform go hand in hand in finding you the best trade. LexaTrade provides basic trading tools that will help each trader every step of the wa:

• Market News: Daily news is a more thorough reporting of global events related to financial markets. It links market movements to economic and political events so traders have a clearer perspective on how to handle their trades. This also provides forecasts by analysts which are important to investors. 
• Economic Calendar: It contains all important global events that have a direct impact on financial markets. Calendar includes financial news like IPOs and movement of the USD, political news like U.S. elections and trade wars, and economic events like the U.S. Fed rates and fiscal policies. Information about global events plays an important role in evaluating the position of your trade in any financial market. 
• Education Center: In some overviews you can read: “LexaTrade courses scam“. But in reality, it is a culmination of educational materials to help traders learn or review their knowledge about markets. There are three divisions: trading courses, a questionnaire, and webinars. The first two are written texts and lessons about trading, especially forex, while the latter are video seminars that beginning traders can attend.

False Claims: Analyzing Negative LexaTrade Forex Brokers Reviews

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. 

While there is legitimate feedback from clients detailing the issues and problems they have encountered with a broker, there are also false claims created by competitors to smear the reputation of another broker. Reviews like “LexaTrade cheating” or “LexaTrade scammer” are nothing short of slander that only benefit the competitor. Even legitimate clients cannot benefit from false claims as it gives them a distorted view of a broker’s reputation. 

As an example, a reviewer named Edward Urbanek has graced different review sites, spreading slanderous claims. Here are two of his LexaTrade reviews: 

“Do not be fooled by the Ukrainian mafia.”

“LexaTrade attention are whores and thieves don’t be fooled.” 

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. These statements have no legitimate grounds and are clearly libelous. 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.

Real Client Reviews on LexaTrade Forex Broker

Looking at reviews about LexaTrade on various websites shows that the broker is actually trusted and respected by its clients. Many have praised LexaTrade forex broker for its speed of providing services and giving more than what is expected of it. Below are only some of the LexaTrade broker reviews written by legitimate clients on the website of TrustPilot.

Anastasia Korina, Ukraine, says:

“I have been working with a broker for six months. I like that it offers a large selection of forex trading tools. On the plus side, as soon as something new comes out on the market, they immediately add it to their platform. I am always one of the first to use new technologies.”

Wiktor Nowak, Lithuania, says:

“Their training is of very high quality! I have only been trading here for two weeks, but have already made $ =100.00 and am happy with everything so far. Managers are always in touch and I believe support is available around the clock. I have read their consent, there are conditions for violation of which they can block the account or refuse to withdraw, therefore everything was negative, I think. Personally, there were no violations on my part, I trade with manager’s support and I am satisfied with everything. Even though I only earned $ 100, I was able to withdraw it to my Visa card within 3 days. I like the LexaTrade forex broker and can recommend it.”

Adam Eruzelsky, Poland, says:

“Very important point: broker opens deals really according to the quotes indicated! I have worked with more than one company and often the transactions do not match the real indicators. This is not the case with this broker.”

Alejandro Mendoza, British Virgin Islands,

says:

“I do not believe in reviews like: “LexaTrade scammers!” Everything is fine, trading is going smoothly. From the technical side, everything is stable. All conditions on my account are acceptable. Even though the spreads are floating there are no big losses from the broker’s fees. Suggested trading conditions are quite usual. The withdrawals are subject to mandatory confirmation every time. All in all, everything is okay.”

Mark Nemirovskiy, Poland, says:

“I’m happy. Unlike other companies I have worked with, this one really provides high quality service with no pitfalls. Yet they have good SMS signals which was important to me. Although the verification procedure is not easy, anything can be done. You take a photo of your documents (two documents), the company checks them and that’s it. You can trade and withdraw money from your account.”

Janusz Biniek, Poland, says:

“I am very cautious about this type of advertising on the Internet, but LEXATRADE platform was advertised by Robert Lewandowski and I thought that this is a guy you can trust. I tried it and I have been trading for 2 weeks. Trading platform works only on business days (recently there were a lot of days off), after paying $ 250 my capital increased by about 130%. By the way, I would like to thank my advisor-guardian, Mrs. Alicja K., who helps me a lot in making the right decisions. I highly appreciate her knowledge about trading and courtesy in business contacts. To sum up – I recommend trading on the LEXATRADE platform.”

These client reviews show: LexaTrade is a trusted forex broker worldwide. These testimonials show how much these clients’ trading careers have improved when they began trading with LexaTrade. This forex broker has been praised for its security measures, customer support, profitability, and ensuring that their clients have the best services they can possibly receive.

The Bottom line on LexaTrade

LexaTrade has proven that it belongs on the list of top forex brokers in the trading industry and meets users expectations. It displays high functionality, great customer service, convenience, availability, and dedication to clients. It improves its services based on what its clients ask for to work on the market, and this has earned the trust of traders everywhere. Real LexaTrade broker reviews can attest that company is worth trading with.