LexaTrade is an online financial services provider that operates from Saint Vincent and the Grenadines. They provide traders with different platforms for trading multiple financial markets, such as forex, indices, commodities, cryptocurrency, and CFDs. The broker offers various trading and learning tools to assist traders. There is also a knowledgeable customer support team on hand to respond to clients’ inquiries. Clients are offered a choice of different trading account options with a required minimum deposit of $250, and the maximum leverage is pegged at 1:200.
LexaTrade Review Introduction
In this LexaTrade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including LexaTrade.
LexaTrade Platforms & Tools
The following trading platforms are available at LexaTrade:
MT4 Trading Platform
This is a popular trading platform that is designed for trading multiple financial assets without stress. It is a platform of choice for most forex and CFD traders due to its user-friendly interface. The platform also features several advanced trading functionalities, including one-click trading, expert advisors, inbuilt technical indicators, and more. It is available in the following versions: desktop, web, and mobile versions.
XCritical Trading Platform
Available as a mobile app, the XCritical trading platform offers a convenient way to place trades anytime and from anywhere, if there is an internet connection. It is an easy-to-use trading platform that allows users to quickly separate functions and open deals without any glitch.
As the name implies, the WebTrader is a proprietary trading platform that is available in the web version and as such, it can run directly on most modern web browsers without the need to first install an application. The platform also offers access to work with open and closed deals, charts, limit orders, and more.
Traders are also provided with some standalone trading tools that are designed to help them get an enhanced trading experience without any hitch, and they include the AutoChartist, Economic Calendar, and more.
LexaTrade Research & Education
To ensure that traders make knowledgeable trading decisions, the broker provides them with a good selection of educational resources, such as webinars, economic news, questionnaire, video tutorials, trading courses, E-Books, and more.
LexaTrade Trading Accounts
Various trading account options are available at LexaTrade, and they have unique minimum deposit requirements as follows: Start ($250), Silver ($3, 000), Gold ($10,000), Platinum ($50,000), and VIP ($100,000) Accounts.
LexaTrade Account Funding
Traders can deposit and withdraw funds to and from their trading accounts using any of the following payment methods: bank wire transfer, credit/debit cards, and e-wallets.
Some payment methods may not be available in certain countries, while the transaction processing time may vary depending on the payment method in use.
LexaTrade Customer Service
LexaTrade’s customer support team is available 24/7 to respond to their various trading inquiries. They can be reached via the following contact channels: telephone, email, online form, and social media.
There is no regulatory information on the broker’s website at the moment. Lack of regulation can discourage potential traders from opening an account with them.
LexaTrade Review Summary
Overall, LexaTrade is an online financial services provider that allows clients to trade over 170 financial instruments via various trading platforms. Traders benefit from educational resources, trading tools, and a professional client support team. The minimum deposit required to open a live trading account is $250. However, the broker is not regulated by any known financial authority at the moment.
It is worth mentioning that some of the trading products and services in this LexaTrade review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the LexaTrade broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.