LexaTrade is a broker operating on the market since 2018. It is part of the Swiss group Swisstone Group Ltd. and enjoys considerable interest among investors. Formally, the company is registered in the country of Saint Vincent and the Grenadines, which may raise some suspicions, however, looking closely at LexaTrade, you can conclude that it is a trustworthy broker, offering many investment opportunities and financial instruments.
Is it worth trusting LexaTrade? Reviews and warnings
Registration of activities in the so-called tax havens is no longer unique. The same is true of LexaTrade, as warnings about this issue should not be the main determinant when choosing a broker. LexaTrade is already distinguished at first glance by its great professionalism and reliability. It cares about the well-being and safety of its customers. It offers a range of investment solutions, as well as proper support and assistance. The broker mainly targets polish, British, German and Spanish clients.
Lexa Trade is an intermediary between the investment market and clients, so transactions are carried out here within the framework of ECN technology. The broker does not have a direct share in the processes of quoting and placing orders. Interestingly, it offers investors access to more than a thousand different financial products. Of course, the most popular ones include:
- Actions
- Currency
- Cryptocurrencies
- Raw materials
- Precious metals
Investors can count on leverage of up to 1:3000. The broker also took care of a friendly payment system for Polish clients who have access to przelewy24 service, connected with the most popular banks in Poland. Still, many people are still wondering whether it is worth investing with LexaTrade and how to get your money back, or solve any problems on the platform. However, on this point, there is a positive surprise for many. The broker offers professional assistance to consultants who are available to clients 24 hours a day, 7 days a week.
LexaTrade – withdrawals, commissions and fees
The LexaTrade Broker has standard service fees and also provides bonuses and promotions to customers. Anyone here can take advantage of a bonus paid for the referral of a new customer, or a bonus for opening an account, which is currently 30% of the first deposit. The minimum withdrawal value at LexaTrade is $50 and you can withdraw its equivalent in currencies in gold, euro, pound types. All processes related to money transfers are covered here by professional security systems and take place without interruption, at a rapid pace.
LexaTrade does not charge for the payment itself, but it is worth keeping other fees in mind. The broker charges 5% of the balance value for clients who have not demonstrated any activity for a period of 90 days. The same fee applies to traders who have not made at least 4 trades within one month.
LexaTrade Login and Account Types
In order to fully use all the services and tools offered by LexaTrade, you need to register on the official website of the broker and confirm your identity. We will be required to fill out a form where we will be asked for the following data:
- Name
- Name
- Password
- Address
- E‑mail
- Phone
You will also need to accept the terms and conditions, which are worth reading carefully. The broker will also ask you to attach a scan of the document confirming our identity and place of residence. For Polish customers, it will be an ID card or a passport. Of course, LexaTrade guarantees full security to investors and does not share any sensitive data with third parties.
In addition to its intuitive and friendly website, broker also provides a convenient mobile app that works on both Android and iOS. The account types on the LexaTrade website are:
- Start account
- Silver Account
- Gold Account
- Platinum Account
- VIP account
Each of them is tailored to the level of sophistication and requirements of the respective investor. The Start account is usually chosen by traders who are just learning to invest, want to learn from scratch the tools, strategies and operation of financial markets. Other options are ideal for advanced investors, in need of advanced analysis tools, expert help from analysts, greater leverage, and value payout speed.
Is it worth trading with LexaTrade? Advantages and disadvantages
Investments in the financial market are always fraught with a lot of risk, regardless of which broker we choose. We can often meet with unfairly issued, negative opinions about LexaTrade, because the online forum is a place where everyone can share their opinions and experiences. It should be remembered, however, that these are only subjective assessments, often not true. Inexpethful traders tend to be driven by emotion and fear in decision-making. The success of investments in their case is usually determined by luck, which does not always add.
Investors distinguished by their many years of experience in trading tend to speak very positively about LexaTrade. Another important issue to raise is the fact that many scammers use the good name of honest brokers to lure clients and extort money. It is always worth being vigilant and attentive. Do not use suspicious websites and applications. The official LexaTrade website is located at lexatrade.com. There you will also find all the information and regulations about this broker.
In conclusion, LexaTrade seems to be a reliable and trustworthy broker. However, it will be up to the investors themselves to determine the successes or failures of the investment. Everyone needs to be aware of the risks they take when playing on the stock market.