Bonuses and Promotions: The Advantages of Trading with LexaTrade
- Knowing LexaTrade: Why Trade with This Broker?
- Highlights of LexaTrade Services
- LexaTrade Supported Financial Markets as a Global Broker
- Real Feedback from LexaTrade Clients
- How Real are the Negative Feedback on LexaTrade?
- Conclusion on LexaTrade Broker
Trading with LexaTrade is filled with many benefits. This broker offers a wide range of incentives, welcome bonuses, promotions, and others. New clients are especially showered with welcome bonuses as a means of getting them onboard a new trading experience.
One of the most popular bonuses it offers is Refer a Friend program. When an existing client successfully gets another trader to sign up with LexaTrade, the client is awarded with up to 50% of the deposited amount of the new client. This bonus is regardless of the amount deposited. Any existing trader can sign up to participate in the program and receive amazing bonuses that come with it.
The Reporting Season is the most profitable period in the financial markets and LexaTrade makes it a point to highlight this. It encourages its traders to participate in this program to maximize gains. LexaTrade lists the world’s biggest stocks, their previous revenue, and the forecasts. It also includes the date when the forecasted value is expected to happen so traders can prepare for it.
On the other hand, Market Devaluation is a specific time frame when LexaTrade offers particular assets to be purchased at a lower price. In the previous Market Devaluation, LexaTrade offered 1 Bitcoin to be bought at $5,500 from its original market price of $11,000. You can also choose to buy a fraction of 1 BTC. 0.5 Bitcoin is priced at $2,750 and 0.25 BTC can be bought at $1,375.
Knowing LexaTrade: Why Trade with This Broker?
LexaTrade is a multi-asset broker whose wide range of services and financial instruments established its name in the industry. It is a trading brand of Swissone Group Ltd., which is based in Saint Vincent and the Grenadines. It operates under the regulation of the International Financial Market Relations Regulation Center (IFMRRC), an independent regulatory body that oversees brokerage operations. LexaTrade complies with the strict rules and standards set by the IFRMRRC for international brokers.
When it comes to trading services, convenience is one of the strongest qualities of LexaTrade. This is apparent not only in its platforms and accounts, but also in deposit and withdrawal processes. This broker accepts major debit and credit cards, as well as bank transfers and electronic payment methods.
To ensure the security of their clients’ funds, LexaTrade implements strict payment procedures. The client’s depositing method must also be the one used when withdrawing funds to prevent financial theft. This is also a great security measure against online hackers who transfer the client’s funds into their bank accounts and withdraw the money. Also, LexaTrade only partners with trusted international banking institutions when handling both their corporate funds and their clients’.
LexaTrade imposes high-grade security measures across all its services. It ensures that clients are protected from cyber theft and market risks that are very common in trading. Clients have also praised its safety and convenience among all other qualities. LexaTrade has certainly made it big in the trading industry, so let’s find out what makes it a cut above the rest.
Highlights of LexaTrade Services
One of the best services provided by LexaTrade is its own trading platform, which was developed to better incorporate features that are unique to this broker. But other than that, LexaTrade also offers the MetaTrader4 and the XCritical mobile app.
When it comes to account types, LexaTrade ensures that their clients find the best fit for them. They offer up to five types with clear and definite differences. There is an account for a beginner, an intermediate, a professional, and an expert trader. This wide variety of options allows each trader to trade with ease and security.
As stated above, LexaTrade offers up to five account types to their clients. This also lets this broker study the demographics of their clients and assess the needs of their customers. In this review, we will delve deeper into the specifications of each account type and choose which is most fitting to each trader.
With a minimum deposit of $250, any trader, beginning or expert, can access LexaTrade’s basic account. This comes with a 30% welcome bonus and standard market spreads. Withdrawal is at standard priority and there are free webinars for beginners. There is also a web platform training especially for beginners. You can trade in the currency and cryptocurrency markets.
This comes with a 50% welcome bonus with a required minimum deposit of $3,000. With this account, traders can benefit from standard spreads, a financial analyst, as well as a 30-minute account analysis with him or her. You can also access 1 trading technique provided by the broker and trading in commodity markets. Web platform training is still a given. Withdrawal remains at standard priority and webinars are free.
LexaTrade’s mid-tier and most recommendable account can be accessed at a minimum deposit of $10,000. Although a bit pricey, it comes with unique perks. This account gives clients access to an introductory lesson to forex, the web MT4, standard yield on investment portfolios, webinars on every major economic event, two trading techniques, and a one-time session with a VIP analyst. Not only that, it also gives access to stock markets at a limit, participation in focus groups through invitation, special offers from a broker, and earnings season trading at limited amounts. One of the most significant advantages of this account is that traders can trade with reduced spreads and they can earn passively. This account also comes with a 70% welcome bonus and medium priority for withdrawals.
This account type further escalates the perks and advantages offered in the Gold Account. It provides a welcome bonus of up to 90%, a high priority for withdrawals, and low spreads for a minimum deposit of $50,000. With this account, you can enjoy a 2-hour account analysis per week, all of LexaTrade’s advanced techniques, standard passive income, average yield on investment portfolios, half of the training courses on forex, invited participation in focus groups, and a desktop MT4. You also have free access to paid webinars, a once-a-week communication with a VIP analyst, full-time stock trading, special offers from one of LexaTrade’s brokers, and a customized portfolio for the earnings season. This account is especially curated for professional traders that trade in up to four financial markets.
No doubt, this is the best account among all that have been mentioned, but it does not come cheap. Traders can access this account with a minimum deposit of $100,000. However, the perks and advantages of this account surely pay off. For starters, you get a whopping 120% welcome bonus, highest priority for withdrawals, a VIP analyst for earnings season, a customized schedule for account analyses with a financial analyst, and of course, the lowest spreads possible. You also get unlimited access to VIP techniques, the full course on the trading academy accompanied by a diploma, VIP trading instruments, private webinars, individual work with a VIP analyst, and special offers from this broker. You are also given higher yields on investment portfolios, privileged passive income, priority participation in focus groups, and invitations to investor conferences. This account also opens the opportunity to trade currencies, commodities, cryptocurrencies, and stock assets. This account is most recommended for expert traders with years of experience in the industry.
When it comes to platforms, LexaTrade ensures that their clients have enough options to choose from. This is the reason why aside from MetaTrader4 and XCritical, they’ve also developed their own platform that embodies the qualities and characteristics of LexaTrade.
LexaTrade’s MT4 web terminal is a safe and secure trading platform that uses advanced technology and high-quality terminal work. It is compatible with any browser and it can combine various commercial operations. It also provides listing charts that can be customized according to shifting time ranges. This platform is a classic choice especially for forex trading and has been trusted by expert traders since it was released in 2005.
XCritical mobile app
XCritical is a convenient alternative to desktop and web platforms. Its portability allows clients to trade anytime and anywhere without the hassle. You can open positions, check your account, and execute trades without delay. It is an innovative approach to trading in a busy, hectic world. With XCritical mobile app, you can set stop loss and take profit levels, track the movement of various assets’ quotes, know currency forecasts, and check your account balance any time.
LexaTrade web platform
This broker’s own platform comes with high speed, functionality, and profitability. It is a convenient platform that has a user-friendly interface and great terminals that make way for profitable trading with minimal risks. It is equipped with over 170 trading instruments and a variety of tools, as well as timely risk management that provide quality trading experience overall.
Trading Tools & Materials
LexaTrade provides at least five necessary trading tools and research materials, the most important ones that either make or break a trade. Investors need these tools and materials every day since they hold key information about the potential results of their executed trades.
This lists all the significant financial, political, and economic global events that have a direct impact on the markets. This information plays a huge role in the status of different assets, such as the USD, global stocks, and even oil. It lets traders reevaluate the factors that may affect their trades before they open a position or execute one. Some of the events listed here are U.S. Fed rates, central bank fiscal policies, and the dollar’s movement.
Daily Market News are financial reports that thoroughly assess the impact of global events on the financial markets. It provides explanations to forex movements, IPO announcements, and currency forecasts. The U.S. dollar and political events in the United States are only some of the regular topics in the economic news.
LexaTrade’s Learning Center is divided into webinars, trading courses, and a reviewer/questionnaire. These materials gear towards beginning traders who are still in the process of acquiring decent knowledge about trading. Webinars and trading courses help a lot with that. On the other hand, reviewers and questionnaires are designed for both beginners and professionals to refresh their acquired knowledge and ensure that they don’t forget anything.
LexaTrade Supported Financial Markets as a Global Broker
On its official website, LexaTrade provides a brief overview of every financial market with prioritization to currencies, commodities, and indices/shares. These are some of the most widely-traded markets by investors all around the world and LexaTrade ensures that their clients have sufficient knowledge about them before they begin trading.
The currencies markets are the subject of every daily news report on trading. With a special focus on the USD, the forex market plays a huge role in the economic and financial status of the biggest countries of the world. Trading foreign exchange with LexaTrade lets you enjoy low spreads, leverage from 1:100 to 1:400, swap-free accounts, and trading without commissions. LexaTrade’s multilingual support team is also there every step of the way. They are available 24/5 and you can contact them via phone, chat, or email. The trading hours for forex is SUN 22:00 – FRI 22:00 GMT.
Commodities are viewed as steady, long-term, and highly profitable investments. It is also a great way of diversifying your portfolio. Commodities being long-term investments means that it must be carefully decided and LexaTrade ensures that their 24-hour client service team provides the best support to traders. Trading in commodities markets subjects you to high volatility, which is an excellent investment opportunity for any trader. You can choose which assets to trade, including the biggest and most popular ones. For example, you can invest in U.S. crude oil, Brent oil, spot gold, and silver. LexaTrade also provides trading signals for each of your trades.
With LexaTrade, you can invest in wildly popular stocks like AMAZON, GOOGLE, BOEING, APPLE, MICROSOFT and indices like NAS100, EUR50, JPN225, and USA30. These markets are increasing in popularity, which makes now a great time to begin investing in it. LexaTrade offers ultra tight spreads, risk diversification, and the opportunity to invest in global markets. Note that trading a stock index reduces your risk compared to trading individual stock.
To say the least, LexaTrade offers high quality services to a wide range of clients. This and so much more are the reasons why LexaTrade has earned the trust of its global customers. Many clients have expressed how LexaTrade has helped them build their trading careers and increase their profits. LexaTrade client reviews are all over the internet as proof of this broker’s reliability and professionalism.
Real Feedback from LexaTrade Clients
Being a global broker, LexaTrade has earned the praises of its clients and the ire of its detractors. It is a common topic in various broker reviews. Many critics have praised this broker for a number of reasons, while a select few spread libelous claims to destroy its reputation.
TrustPilot, one of the most reliable reviewers on the web, rates LexaTrade 4 out of 5 stars. Approximately 95% of all client reviews on this website are positive. The remaining few were negative ones with an obvious goal, which is smearing LexaTrade’s reputation. Other negative reviews listed on TrustPilot also detailed circumstances that unfortunately happen in the markets, but do not fall under the broker’s control.
A client of LexaTrade who goes by the name Jakob said this of the broker on TrustPilot’s review site, accompanied with a 5-star (★★★★★) rating:
“I’m happy with the work of the company. There are a lot of training materials, strategies, and a normal and clear interface. I wish all newcomers good luck and patience!”
Oliver Peterson, France (★★★★★)
“Brokers are, in essence, a lottery. Some are honest, others may cheat. I was really lucky. Trading was easy from the start, registration was quick. They told me how to work on the platform. There is really nothing complicated. The interface is simple, the website has many useful functions.”
Miroslaw Marek, Poland (★★★★☆)
“Good company. Transparent trading conditions and a convenient platform. The website is available in a mobile version, which is also very convenient.”
Beverly Jefferson, U.S. Minor Outlying Islands (★★★★★)
“This company has been a great help as it is the best option for those with no spare time and the most important thing is that it is safe and super reliable.”
Roger Rose, United States (★★★★★)
“This broker will be the best option for those who don’t have enough free time to deal with forex trading. They have auto trading and you can choose a pre-made trading strategy from the list. It is also possible to copy a professional account. Your own broker’s terminal has many features to facilitate your trading in the market.”
Samuel Aldridge, Anguilla (★★★★★)
“I trade without any problems or additional fees. They offer a very large selection of trading instruments and advisers. Investors with various needs and opportunities will find something for themselves here.”
Dmitry Dubrov, United States (★★★★★)
“This company deserves its position in the market. For many years, it has appeared in rankings of forex brokers. I get bonuses. And if you have an open account on the website, you can always count on them. What I like the most is the speed of deposits and withdrawals.”
These reviews prove that LexaTrade is widely trusted by its clients. It is praised for a variety of reasons–from trading platforms, to payment methods, and to its profitability. It is acquiring more and more clients as it continues to improve on the best services it could possibly offer.
How Real are the Negative Feedback on LexaTrade?
Negative reviews vary for a number of reasons. Some are legitimate issues and concerns, while others are false claims crafted by competing companies. There will always be negative reviews about every broker, even the most trusted ones. This is a simple fact in the trading industry, where competition can sometimes be cutthroat. Below is an analysis of some negative reviews hurled towards LexaTrade.
Dorothy, anonymous location (★☆☆☆☆)
“How can you earn for two years if from April to July 2020 I lost $1250 with LexaTrade.”
The review above is an example of a false claim because it links the broker to a circumstance that is common in trading and does not fall under the broker’s control. Market risks are one of the most important things that any trader must fully understand from the onset. The phrase you could lose more money than you began with is embedded in every risk disclaimer and every trader should be aware of this before trading. A client losing his funds from trading due to market circumstances is not a legitimate grounds for giving any broker a bad review.
Edward Urbanek, anonymous location (★☆☆☆☆)
“Do not be fooled by the Ukrainian mafia.”
Reviews like these are nothing but slanderous claims. It contains no legitimate grounds or even constructive criticism about the broker. It plainly claims that this broker is something else without any proof. Baseless accusations like these are examples of libelous claims executed by competitors to smear another broker’s reputation.
While there are also legitimate negative reviews about other brokers, it is important to be able to discern which ones are legitimate and are coming from actual clients. The trading industry is a tight and competitive area where brokers fight against one another. Identifying which reviews are actually true is also a skill that must be acquired by any aspiring trader.
Conclusion on LexaTrade Broker
The final question would probably be, So is LexaTrade trustworthy? According to 95% of client reviews, it is. It has been applauded for its quality services by clients in all parts of the world. Also, from a reviewer’s standpoint, considering its features, availability, convenience, and reputation, it is definitely recommendable to trade with. LexaTrade is one of the up-and-coming brokers that will rise in the ranks in the next few years. Trading with it is recommended for every trader.