Lexa Trade is a nascent brokerage company founded in 2018. It is regulated by the International Financial Market Relations Regulation Centre, making it a reliable broker in the forex market. The broker offers different types of accounts to its clients for better trading experience.
The broker set up strict payment procedures for the safety of the trader’s funds and to prevent financial theft. The broker even partners with reliable and trusted international banking institutions while steering their corporate funds.
IS LEXATRADE A SCAM or SAFE?
LexaTrade has gained recognition as a reputable multi-asset broker by providing quality services and financial instruments to its clients. Operating as a trading brand of Swissone Group Ltd., located in Saint Vincent and Grenadines, LexaTrade adheres to the regulations set by the International Financial Market Relations Regulation Center (IFMRRC).
IFMRRC is an independent regulatory body overseeing brokerage activities and ensuring that LexaTrade upholds the stringent rules and standards set for international brokers.
Lexatrade ensures high-grade security measures for all the services it provides, to secure client’s funds.
PROS AND CONS
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HOW TO OPEN AN ACCOUNT ON LEXATRADE?
STEP 1. Go to the LexaTrade website.
STEP 2. Look for the “Register” icon next to the login button.
STEP 3. Click on the icon to begin the registration process.
STEP 4. Fill out the application form with your personal information, including your name, mobile number, email address, and a secure password.
STEP 5. Submit the completed form.
STEP 6. You will then be redirected to your account dashboard.
STEP 7. Deposit funds into your account.
STEP 8. Start trading.
MINIMUM DEPOSITS AND WITHDRAWALS?
The minimum deposit offered by LexaTrade is $250. It offers a diverse range of payment options ranging from bank wire transfers to credit/debit cards, from Skrill to Neteller.
Deposits are processed immediately, ensuring that you have access to your funds whenever you need them for trading. However, withdrawals may take a bit longer, usually about 3-5 business days to process. This is to provide the necessary time for necessary transaction procedures.
ACCOUNTS OFFERED BY LEXATRADE
Lexa Trade offers 5 types of trading accounts to their clients according to their trading needs and pocket size. The different types of accounts are:
START ACCOUNT
- A minimum deposit of $250 is required to open a start account.
- A 30% welcome bonus is provided to every trader.
- Standard market spreads are offered.
- Withdrawal requests are processed with standard priority.
- Comprehensive web platform training is available.
- Free webinars specifically designed for beginners are offered.
SILVER ACCOUNT
- A minimum deposit of $3000 is required to open a Silver account.
- A 50% welcome bonus is provided to every trader
- Standard spreads are provided.
- A comprehensive financial analysis is available.
- Personal account analysis sessions lasting 30 minutes are offered.
- Webinars are free.
- Withdrawals have a standard priority.
GOLD ACCOUNT
- A minimum deposit of $10000 is required to open a Gold account.
- Access to stock markets is limited.
- Special offers are provided by the broker.
- Trading during earnings season is restricted to limited amounts.
- Reduced spreads and the possibility of passive earning
- A 70% welcome bonus is provided to every trader.
- Medium priorities for withdrawal
PLATINUM ACCOUNT
- A minimum deposit of $50000 is required to open a Platinum account.
- 2-hour account analysis every week.
- A generous welcome bonus of up to 90% is offered.
- Withdrawals are given high priority for prompt processing.
- Low spreads for trading.
- Average yields on investment portfolios
- Desktop MT4 available.
- Access paid webinars for free.
- Communication with VIP analysts once a week.
- Full-time stock trading.
- Customized portfolio for the earnings season.
VIP ACCOUNT
- A minimum deposit of $100,000 is required to open a VIP account.
- An impressive 120% welcome bonus upon joining LexaTrade.
- Withdrawals receive the highest priority for swift processing.
- Gain access to a VIP analyst specifically for earnings season, providing valuable insights and guidance.
- Benefit from a customized schedule for account analyses with a dedicated financial analyst.
- Experience the lowest spreads possible for favorable trading conditions.
- Unlock unlimited access to VIP techniques, enhancing your trading strategies.
- Enrol in a full course on the trading academy, accompanied by a diploma upon completion.
- Access exclusive VIP trading instruments for enhanced trading opportunities.
- Participate in private webinars tailored to VIP members.
- Receive individualized attention and support through working directly with a VIP analyst.
- Take advantage of special offers specifically curated for VIP members.
- Priority participation in priority groups
- Invitation to investor conferences.
- High yields on investment portfolios.
WHAT TRADING PLATFORMS ARE OFFERED BY LEXTRADE?
METATRADER 4
LexaTrade’s MT4 web terminal is a highly secure and reliable trading platform, incorporating advanced technology and offering a seamless trading experience. It is compatible with all major web browsers and enables traders to execute various types of transactions.
The platform also offers customizable charting, allowing users to tailor the charts based on different timeframes. A classic choice, particularly in Forex trading, the MT4 platform has garnered trust from seasoned traders ever since its launch in 2005.
X CRITICAL MOBILE APP
XCritical mobile app offers an easy-to-use interface, traders can access their trading account on the go, without any hassle. They can open positions, execute trades quickly, and monitor their account balance from anywhere, at any time. The app also offers a range of features to help users stay informed, including access to currency forecasts, real-time asset quotes, and the ability to set stop loss and take profit levels. Whether a beginner or an experienced trader, the XCritical mobile app is a great way to enhance your trading experience.
LEXA TRADE WEB PLATFORM
LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability. The platform is designed to offer a convenient and user-friendly trading experience, with excellent terminals that make trading profitable while minimizing risks. With over 170 trading instruments, various tools, and timely risk management features, the platform ensures a high-quality trading experience overall.
WHAT CAN BE TRADED ON LEXATRADE?
LexaTrade offers several trading instruments to choose from, with high leverage and low spreads for high liquidity and profits.
FOREX
LexaTrade offers a cost-effective trading experience with low spreads, flexible leverage options ranging from 1:100 to 1:400, and commission-free trading. In addition, the platform provides swap-free accounts that allow for interest-free trading, which is in compliance with Islamic principles.
COMMODITIES
Investing in commodities can be a great way to diversify your portfolio and achieve long-term gains. It’s important to carefully consider options before making any investments, and LexaTrade is a trusted broker that can help you navigate this process. With their 24-hour client service team, you can get the support you need whenever you need it.
LexaTrade offers a wide range of commodities, including U.S. crude oil, Brent oil, spot gold, and silver, giving you the flexibility to choose the assets that best fit your investment strategy. They also provide valuable trading signals to help you make informed decisions for each of your trades.
INDICES
Investing in indices such as NAS100, EUR50, JPN225, and USA30 provides several advantages to traders who are interested in index trading.
LexaTrade offers ultra-tight spreads, ensuring competitive trading costs. Investing in indices allows for risk diversification by accessing a basket of stocks from different sectors and regions. This helps to spread out and mitigate risks associated with individual stocks. With LexaTrade, traders have the opportunity to invest in global markets, allowing them to capitalize on the performance of various economies and industries worldwide.
SHARES
With LexaTrade, traders get a chance to invest in popular stocks such as Amazon, Apple, Tesla, Microsoft, Boeing, etc.
LexaTrade offers tight spreads which ensures competitive trading costs. It lowers risk diversification as well by investing in the basket of different stocks of various companies and sectors.
These instruments are highly profitable and risk-oriented. Thus, LexaTrade guides investors before they start investing through their educational resources.
EDUCATIONAL AND RESEARCH RESOURCES
LexaTrade offers various tools and resources for their traders to manage informed trading by learning within the website itself.
LexaTrade’s learning platform is an excellent tool for novice traders who want to learn more about the market. It’s divided into two main sections: the Education Center and the Questionnaire section. The Education Center provides a wealth of information in the form of video courses and E-books that cover a wide range of market concepts and strategies. On the other hand, the Questionnaire section is a great place to ask questions and get help with any issues you might have. This section is dedicated to ensuring that customers have a positive trading experience.
Apart from the above-mentioned resources, LexaTrade also provides:
- Spread Table
- Trading Hours
- Economic Calendars
- Compound Interest Calculator
- Reporting Season
CUSTOMER SUPPORT
- Phone: +442037697663
- Email: [email protected]
CONCLUSION
LexaTrade offers a variety of trading platforms according to the trader’s needs. The enhanced account offering helps traders to trade efficiently and thus improves their trading game. The broker is regulated, but not efficiently by a tier 1 regulation, so clients should be careful while investing with the broker. Even Though the regulation of brokers is not refined, the reviews of the broker online are satisfactory. The broker also provides different trading assets for higher liquidity with high leverage and low spreads.
Overall, LexaTrade is committed to providing exceptional speed, functionality, and profitability to ensure a convenient and user-friendly trading experience for all its users.
