Review of Lemgrade Company
The company Lemgrade was founded in 1996 and specializes in providing brokerage services. It allows its clients to use various trading strategies, including classic trading, HFT, and algorithmic trading. Lemgrade claims to serve traders worldwide. The official website of the company lemgrade.com is only available in English, but a Russian version is accessible through an integrated translator.
There is no information about the jurisdiction of Lemgrade. The website lacks information about the company’s location and its legal address. Registration documents are not provided. The broker states that it complies with international standards in the field of financial services, but it is unknown which regulator oversees its activities. Information about licenses and collaboration with independent organizations is not disclosed.
Trading Instruments and Platforms of Lemgrade
For its clients, Lemgrade offers the Meta Trader 4 trading platform, available on various devices: PC, iPhone, iPad, Android. Trading capabilities include working with popular currency pairs, metals, and oil.
In addition, the company provides an affiliate program that allows traders to earn additional income by attracting new clients for trading in the FOREX and CFD markets. Methods of attracting partners include promoting services, using referral links, and consultations.
Trading Accounts at Lemgrade
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Owner – minimum deposit from $10
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Expert – initial investment from $5,000
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VIP – initial deposit from $50,000
Opening trading accounts is available in three currencies: US dollars, euros, and Russian rubles. Detailed characteristics of each account can be found in the “Trading/Types of Trading Accounts” section. Traders can also try a demo account with real quotes.
Lemgrade clients have the opportunity to engage in copy trading by copying the trades of successful investors through the ZuluTrade platform.
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
There is no commission for depositing and withdrawing funds, but additional charges may apply in some banks. The terms of deposit and profit withdrawal are not specified on the Lemgrade website.
Conclusion
The lack of registration documents, company anonymity, and limited information about its activities raise doubts about its reliability. To make an informed decision about cooperating with Lemgrade, it is recommended to read reviews about the broker.