LexaTrade- Some Detailed Information about This Broker

General Information & Regulation

LexaTrade is an offshore broker registered in Saint Vincent and Grenadines. LexaTrade says to be a trading name of Swissone Group limited – a company with registered address in in Saint Vincent and the Grenadines (SVG). This is an offshore zone where forex brokers arent regulated in any way.

Market Instruments

Tradable financial instruments available on the LexaTrade platform include indices and shares, commodities, forex currency pairs. The variety of trading assets is not that rich.

Minimum Deposit

LexaTrade offers quite a few trading accounts, including Start, Silver, Gold, Platinum and VIP accounts. The minimum initial deposit is $250 for the most basic Start and this is more or less a typical starting amount.

Leverage

LexaTrade provides up to 1:400 in leverage, and such a level will suit all trading strategies. Unregulated brokers are always trying to offer generous trading leverage to attract and scam new traders.

Spreads & Commissions

LexaTrade says to offer spreads of 2.5 pips on EUR/USD for their most basic accounts, and this is significantly higher than the average in the industry (1.0 – 1.5 for this pair).

Trading Platform Available

LexaTrade claims that it supports MetaTrader4 web and their own web-based platform, which we didn‘t get to test. And LexaTrade’s MT4 is provided by MaxiServices – a third-party company we know nothing about.

Deposit & Withdrawal

LexaTrade says to use bank wire, credit /debit cards, Skrill, Neteller and OrangePay. However, as per its requirement, traders can only withdraw at least $50.

Customer Service

The LexaTrade customer support services can be reached through telephone, email, skype. Live chat service is not available.