LexaTrade broker: trading conditions and customer reviews

If you prefer trading in Forex and multi-asset CFDs, AxiTrader is the right broker for you. Plus, for professional traders, this platform offers a $1 million capital allocation fund sans registration or account maintenance fee. Overall, anyone from a beginner to an advanced trader can onboard Axi, the forex broker. Do note that Axi doesn’t charge any deposit or withdrawal fees, but inactive users need to pay $10 to resume trading. This forex broker charges $10 for service resumption after the one-year period. Another aspect of Axi’s fee structure is the 3% overhead or fee that is charged for bank transfer deposits exceeding $50,000.

1. 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.
2. Axi allows you to choose between the standard and pro accounts.
3. This led to speculation about the nature of his business and the legitimacy of his trading strategies.
4. In this light, it can be said that LexaTrade is a legitimate business entity and is a regulated broker.
5. Today, Jeffrey is recognised not only as a skilled trader but also as a prominent educator.
6. IC Markets Global mission is to create the best trading experience for retail and institutional clients alike, allowing traders to focus more on their trading.

Moreover, traders should be wary of anyone promising quick and easy returns. Finally, it is important to note that net worth can fluctuate based on market conditions. Luke Blackburn is a British forex trader who claims to have begun his trading journey at the age of 16. What started as a hobby quickly turned into a full-time career. By his early 20s, Luke had become a successful trader, earning millions of dollars through forex trading.

The platform provides traders with various features and tools like technical indicators and analysis tools, a demo account feature, and a 24/7 customer support system to enhance its traders’ overall experience. The maximum withdrawal amount depends on whether you have a VIP or a standard account. Your funds will return to the method of payment that you used to deposit money. Both standard and VIP members receive quick withdrawal times. The withdrawal of funds takes from 24 hours to 3 days for investors.

The Pocket Option mobile app caters to both iOS and Android users. The app has a range of features designed to enhance your trading journey. These include a user-friendly interface with easy navigation and smooth functionality, educational resources, and standby customer support service. TradingBeasts helps individual traders learn how to responsibly trade forex, cryptocurrencies and other asset classes. We actively trade, publish educational articles and news.

AxiTrader and the Available Platforms

Other important conecpts are financial runway and of Minimum Viable Product. The financial runway is how long you can absorb the operating costs involved in making a new product before it starts making money and paying for itself. A Minimum Viable Product is the bare minimum/core features required for a product to what it is intended to do at the most basic level. So if you are operating at a loss devloping a new product you need to get your MVP to market before you run out of runway so it can start financing its continued development. In case you do not wish to put your hard-earned money at risk before learning the trading ropes, AxiTrader even lets you open a demo account. You get access to $50,000 worth of made-up money, 5-day 24/7 customer support, and a diverse selection of base currencies.

To get started, you must first initiate an eligibility check, ensuring that Axi offers services in your region. Once through with it, you can start the registration process. You need to fill out the standard form, confirm the credentials by offering the required documents, and get started by simply funding the recently created account. Nowadays, it is second nature to an investor to choose an officially regulated broker with a decent regulatory history. Hence, it is of primary importance for a forex broker to assert its legitimacy through its regulatory certifications.

How to recover your money from lexa trade

We will also look at a couple of other successful young traders who have made a mark in the forex industry. I was in the process of verifying my bank card to initiate a withdrawal of these funds, but it failed. I contacted the customer service but they insisted that I had many accounts and locked my trading account. Avoid this scam Platform because I lost huge amount of money while trading here but my happiness is that I got my funds back with the help of I highly recommend them to anyone who made a wrong decision to trade with this platform. In this light, it can be said that LexaTrade is a legitimate business entity and is a regulated broker. Yet, questions remain whether this regulatory affiliation is strong enough to set aside fears of losing trading funds of clients in the event of insolvency.

Most of the company’s customers say that money comes without a problem. Sometimes it’s about small overlays, but technical support helps you solve them quickly. Aside from throwing shades to the broker, some online client reviews also burst out that LexaTrade scammed them by not allowing them to withdraw their funds from their accounts.

Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Suggested companies are based on people’s browsing tendencies. LexaTrade is an online broker registered in Saint Vincent and the Grenadines in 2018, has IFMRRC certificate of conformity No. 0395 AA V0142 and is licensed by the Securities Commission. Fatshark has a LONGGGG history of doing stuff like this. If you read the blog, and keep forums like this one in mind, you can really see where he’s coming from.

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1. The broker’s low user ratings of 2.1, which shows the platform’s low credibility.
2. With Expert Option’s mobile apps, traders can stay connected to the trading markets and make informed decisions anytime, anywhere.
3. The method of depositing funds for the first deposit determines the options for the subsequent withdrawal of money.
4. Most used to be very active on twitter and then pretty much everyone went full radio silence.
5. However, it’s crucial to approach the forex market with caution and realistic expectations.
6. While the platform came into existence in 2007, the expansion into the Chinese and U.K.

The platform allows Ukraine traders to easily analyze prices, manage positions, and handle funds. The broker also has a 24/7 customer support service to attend to its vast clientele around the cock. Ukraine has earned more recognition over the past few years, becoming the headquarters for many international organizations. So, it’s no surprise that many binary options brokers have also found their way to attract Ukrainian investors. I invested online to this company which I got stuck having challenges of posting withdrawal of my investment profit,I sent Vickers Mark all he needed to place a refvnd and I got a call by the bank…

How do I know I can trust these reviews about Lexatrade?

Lexatrade has gotten all my hard earn money stucked and refused to allow me make a withdrawal of how old is lexatrade my assets, I met a review on how csp_jaun (at) proton. Me helped someone got their stolen money and I decided to give it a try and later put a smile on my face. LexaTrade is an unregulated brokerage firm based in Saint Vincent and the Grenadines.

Despite limited information available on the LexaTrade website, other Lexatrade broker reviews will tell you that the broker is under the Maxi Markets group. However, LexaTrade forex broker’s official site claims that the brand is owned and operated by Swissone Group Ltd. LexaTrade BackgroundLexaTrade started its operation by just managing cash transactions in real-time trading using PAMM accounts. From there, it grew to become a firm capable of bringing in advanced trading solutions coupled with a wealth of financial instruments, grooming itself to become the emerging online brokerage brand it is known today.

It offers multiple account types with varying minimum deposit requirements. The broker’s low user ratings of 2.1, which shows the platform’s low credibility. Unfortunately, LexaTrade is not a trustworthy company to deal with, as they are not registered or regulated by any major regulatory authority, such as the Financial Conduct Authority (FCA).