Lemgrade
Review of Lemgrade Company
The firm known as Lemgrade was established in 1996 and specializes in offering brokerage services to clients. It provides a range of trading strategies, including classic trading, HFT, and algorithmic trading. Lemgrade asserts that it caters to traders globally. The company’s official website, lemgrade.com, is available in English, with a Russian version accessible through an integrated translator.
Licensing and Regulation
Unfortunately, Lemgrade does not disclose information regarding its jurisdiction, location, or legal address on its website. Registration documents and details about regulatory oversight are also not provided. The broker states compliance with international standards in financial services, but specifics about licensing and partnerships with regulatory bodies remain undisclosed.
Trading Instruments and Platforms at Lemgrade
Lemgrade offers clients access to the Meta Trader 4 trading platform, which can be utilized on various devices such as PC, iPhone, iPad, and Android. Trading options include popular currency pairs, metals, and oil.
Furthermore, Lemgrade features an affiliate program that enables traders to earn extra income by referring new clients for trading in the FOREX and CFD markets. Various methods for attracting partners are available, including promoting services, using referral links, and offering consultations.
Types of Trading Accounts
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Owner – minimum deposit starting from $10
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Expert – initial investment beginning at $5,000
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VIP – initial deposit of at least $50,000
Opening trading accounts is possible in three currencies: US dollars, euros, and Russian rubles. Detailed information about each account type can be found in the “Trading/Types of Trading Accounts” section. Traders also have the option to test a demo account with real-time quotes.
Deposits and Withdrawals at Lemgrade
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Visa, MasterCard, Maestro bank cards
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WebMoney, QIWI, Yandex.Money, Skrill, Neteller electronic payment systems
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Bank transfers
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Local transfers
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Local transfers for SEA
While there are no deposit or withdrawal fees specified by Lemgrade, additional charges may apply through certain banks. Specific terms regarding deposits and profit withdrawals are not outlined on the company’s website.
Final Thoughts
The lack of transparency regarding registration documents, company details, and regulatory information may lead to concerns about the reliability of Lemgrade. It is advisable to conduct thorough research and read reviews about the broker before considering any collaboration.
This review has been prepared by the specialists at ExpertsReview.