Trading itself is a very risky kind of activity. Moreover, when you bump into many scams and start thinking, “Oh, why forex is a scam?” it is hard to trust any broker. Today we are going to do a LexaTrade review and see whether this is another scam or truly a legit broker.
Legal Documentation
The lexatrade.com login page has a whole section related to legal documentation. Here you can see the legal information about the company you are going to work with, their terms and conditions, privacy, refund, and AML policies, and other information you have to get acquainted with in order to understand what can be done here.
We have read each section and can confirm that everything is filled in properly, and the conditions are not fake. Moreover, if anything goes wrong, it is possible to fill in a complaint form, and the company will try to solve the issue.
What Does the Service Offer?
The lexatrade.com site welcomes its users in four languages:
- English
- Polish
- Spanish
- German
This shows that the broker cares about having customers from all around the world. On the main page, you can see an offer for new users with a 30% bonus to the first deposit. If you scroll a bit lower, you will see that the LexaTrade site has four other advantages in comparison with other websites: instant access to the platforms, trade assistants, many trading tools and signals, favorable terms for all clients.
Trading Platforms
An important question for many traders is the trading platform a broker uses. Well, the LexaTrade official site actually uses three:
- MetaTrader 4 (web, desktop, mobile).
- MetaTrader 5 (web, desktop, mobile).
- LexaTrade Mobile Trading Platform.
As you can see, the company has done everything to make trading available from anywhere. We have noted that the platforms have all the features required, including tools, signals, charts, etc.
What can you trade here? Well, there is everything:
- Stocks;
- Cryptocurrencies;
- Forex;
- Commodities.
That is the basic “kit” that is used in most services.
Pros
While using the website for our forex review. We have managed to point out some advantages and disadvantages. Here is the good side of LexaTrade:
- Instant access to the trading platforms;
- Availability of many important trading tools and signals;
- Some good offers;
- Multi-Language support;
- Very good educational materials.
Cons
However, where there is something good, there always is something bad as well.
- Not that many options for making a deposit;
- No availability of the Russian language;
- The website has some gaps which have to be fixed.
This does not really influence the trading process, but it would be nice if these issues were solved. It would make the service more attractive for all users.
User Opinions
We have searched for some LexaTrade customer reviews and bumped into them on a number of trading forums. This is what people say about it:
Nickname: Mohawk
“Well, I was sure that the LexaTrade scam thought would be true when I first saw the website. Couldn’t call it attractive. However, the trading sessions went on good enough and I earned my first $1000 in a week. It took a day to withdraw my money after confirming my identity. I would really appreciate it if they fixed the website and made it look… better? Because I was sure that LexaTrade if a fraud when I saw it at first…”
Nickname: Archaon
“I like trying new brokers from time to time to write something about it in my blog. The LexaTrade broker was pretty new for me and I decided to check it out. They have the platform I like most (MT4) with all the stuff I need for analysis and trading. It works pretty quickly in comparison with other services where you often get stuck on one screen and in the end get a completely different price. LexaTrade does not cheat on prices. I like it.”
Verdict
Now that we have reviewed the most important points about LexaTrade, we can come up with a verdict. According to all the information that we have gathered, this is a legit broker. LexaTrade does not lie to its customers with the prices; everything is transparent and can be checked.
There are plenty of tools to use, the platforms work quickly without lags, and the customer support is always there for you!