Is LexaTrade a Scam? Read This Brutally Honest Review

The clients were not even all praises in the entirety of the broker’s services, leaving some room for improvement and giving us a clear indication that LexaTrade also has its share of flaws and setbacks. 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. The market moves as you predicted, up to a level of 3500, at which point you decide to close your position and take a profit. This, excluding other costs, brings your profit on the trade to $2920 – a return of 19.4% on your margin deposit.

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. However, better options are present online, and it’s easy for most traders to switch. Lexatrade is new forex and CFDs brokerage that primarily operates in Europe. It opened just earlier this year and has attracted a good bit of attention as such.

Ultreos Forex

With IG, you can trade cryptocurrencies via a CFD account – derivative products that enable you to speculate on whether your chosen cryptocurrency will rise or fall in value. Prices are quoted in traditional currencies such as the US dollar, and you never take ownership of the cryptocurrency itself. CFDs are a leveraged product, which means you can open a position for just a fraction of the full value of the trade. Although leveraged products can magnify your profits, they can also magnify losses if the market moves against you. CFDs are leveraged derivatives – meaning that you can trade cryptocurrency price movements without taking ownership of any underlying coins. When trading derivatives, you can go long (‘buy’) if you think a cryptocurrency will rise in value, or go short (‘sell’) if you think it will fall.

IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. When trading CFDs on cryptocurrencies, you won’t pay commission.

XPro Markets

The volatile nature of crypto markets means that significant and rapid price movements can occur daily. Whereas this volatility increases your exposure to risk, it also presents opportunity. Our tight spreads and high liquidity mean that you can enter and exit positions quickly when trading with CFDs. Thus, LexaTrade guides investors before they start investing through their educational resources. LexaTrade provides access to economic calendars and news on its homepage. Simply put, clients do not have to visit any other website and switch tabs to get the latest updates.

1. To set the record straight, investing in LexaTrade is nowhere near ‘LexaTrade scam’ nor ‘LexaTrade cheating’ claimed by naysayers since the broker is covered by a Compensation Fund provision under the IFMRRC.
2. A lot of times, catalysts like news events make the assets move swiftly and it will be a trap for the people on the retail side.
3. LexaTrade claims to be an online brokerage offering access to various financial instruments such as forex, indices, and commodities.
4. Cryptocurrency trading is inherently high risk – the markets are volatile and leveraged derivatives like CFDs only act to amplify these already large and sudden market movements.
5. We make most of our money through our spreads, with a small portion of our revenue coming from other fees.

If you don’t have a switch account, take a long or short position with bitcoin CFDs. ‘Going long’ means you expect the cryptocurrency’s value to rise. 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. At our webinars, you get information directly from market professionals.

LexaTrade has often been found on the wrong end of maligning client reviews. However, it is crucial to note that not all client reviews came from the real clients of the broker. 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. In this light, it can be said that LexaTrade is a legitimate business entity and is a regulated broker. Yet, questions remain whether this lexatrade regulatory affiliation is strong enough to set aside fears of losing trading funds of clients in the event of insolvency. Fortunately, IFMRRC features a Compensation Fund scheme to be observed by all its 49 regulated brokers including LexaTrade.

You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money. Traders who have reached this state have more points, trade without restrictions on the number of transactions, have access to funds, and have the opportunity to defer payment. Yes, like any market, trading cryptocurrency can be profitable if you correctly predict the direction and timing of price movements. However, cryptocurrency markets are exceptionally volatile – meaning that they’re high risk. Whereas large price movements in your favour could result in positive returns, sizeable price movements against your position will result in rapid and significant losses. For traders using leveraged derivatives that allow for both long and short positions, large and sudden price movements present opportunities for profit.

1. They will help you avoid errors in class so you can make your start in the profession even easier.
2. If the CFD is for $10 per point, and the underlying cryptocurrency price moves 10 points, your profit or loss – excluding costs – will be $100 per contract.
3. For those looking to enter the trading market, many reputable and transparent platforms offer safer and more secure services.
4. The method of depositing funds for the first deposit determines the options for the subsequent withdrawal of money.
5. However, much information regarding the same is unavailable on its website.

Who are LexaTrade’s investors?

The “100% in 30 seconds” offer is offered to interested parties in opening and opening accounts and trading according to the “spread” options. Participation in the program is possible to get more profit from binary options with the ability to make transactions with currencies EUR / USD, GBP / USD, USD / JPY in two minutes. Recently I decided to finally invest money in the securities market. The most important thing is that the money came without cheating.

It turns out that almost ALL negative reviews were written by scamers advertising their scam chargebacks. 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. 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.

You can watch the experts trade, get answers to your questions and comments on trading strategies. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Trading conditions, if not the best, then some of the best, there have never been any hitches with the execution, so that the connection disappears, too, is not seen.