We are delighted to hear that Michael and the LetsTrade team are helping you and that you have been gaining new skills to help you to become a Confident Trader. Michael and the team will of course be here to help throughout. Thanks https://cryptolisting.org/blog/loopring-the-future-of-decentralized-exchange-protocol you again for your kind words and for taking the time to leave a positive review. Hi Andre,Thank you for your review.We are delighted to hear that Mike and the LetsTrade team are helping you to become a Confident Trader.

• The platform is somehow new in comparison to some reliable names dominating the forex industry.
• We also help victims of Forex frauds, Binary frauds, Investment scams, Pension frauds and many other types of scams.
• It is unfortunate to see a one star review for a company and product which you have admittedly not tried.
• It offers advanced trading tools, increased speed and safety.
• That means the accounts suit most strategies, and as such, can attract diverse groups of traders.

Even for the higher accounts, the spreads are wider than those from other brokerages that require similar price points. As we said earlier in our Lexatrade review, it offers a competitive trading experience, but it gets overshadowed by better companies. The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review. However, you can only unlock MT4 after depositing $10,000.

Lexatrade Review – Is it good, or is it a scam?

While there is nothing wrong with volatility, you need to keep an eye on the news in order to make the best out of the situation. This broker offers a mobile application and it is also something that can be categorized as desirable. If you are someone who trades on the go, then their mobile app will not let you down. Leverage and spreads change from time to time, for accurate figures, you have to contact the support team. Unfortunately, things like investor compensation funds and segregated bank accounts are not present. On the bright side, they do make up for it by offering a ton of funding and payment methods.

That, along with the multiple phone lines, makes the broker easy to reach. The representatives are adept at problem-solving, so the overall communication flow is great. However, better options are present online, and it’s easy for most traders to switch. As such, we don’t think you can get a competitive trading service up until the $10,000 account at least. We aren’t the biggest fan of the huge jumps between the sums you need for different account types.

EKOLFX Review (

And even then, you only get the web version, and you need the $50,000 account for the full unlock. A web-based proprietary platform that lets traders experience advanced trading. It offers advanced trading tools, increased speed and safety. This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those.

The broker can be reached through multiple channels, including phone line and email. The support team is problem-solving and responds quickly, so the overall communication with the team was great. The deposits are processed instantly, while withdrawal may take up to 3-5 business days.

Thanks to Letstrade for given me the…

In order to attract more traders on the platform, LexaTrade often starts promotions. There is not a single complaint regarding the same, so, we can rate it good in this case. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker.

LexaTrade Review: Regulation and License

On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice. Many fraud forex brokers or other scam brokers are working under fake organization names or other deceitful activities. A fundamental examination can go far in securing you and your accounts.

The platform supports  bank wire, credit /debit cards, Skrill, Neteller and OrangePay for both deposits and withdrawals. The platform is somehow new in comparison to some reliable names dominating the forex industry. However, it garnered popularity among traders with its one-of-a-kind features and the services. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165.

A trader, before investing, should research about the broker’s regulation and license. If the broker doesn’t hold any license, then there must be a risk of scam. License is the most significant thought while choosing a merchant. Firstly, guarantee the license is from a reliable controller and not one who gives a license to any individual who pays a charge. Legitimate specialists might have the option to accomplish something, yet controllers can remove the license from trick intermediaries. As the platform is not worth considering, I was looking for the best alternative, and after researching for days, the most recommended broker I found was InvestFw.