Lexatrade Review: Is Lexa Trade a Scam Broker?

Caring for our clients, our company makes every effort to optimize the trading processes and services provided. For your convenient and effective trading, we have developed and implemented a new online platform. Use all the capabilities of the terminal and make profit with minimal risks. FXTM is a dynamic, award-winning forex broker that offers exceptional online trading services and products to institutional and retail clientele from around the world.

The client often acquiesces because the lexatrade review will be quite pushy and make it clear he or she is in control since they hold the client’s fundsWill charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawingCease communication. They may be evasive or simply not communicate at all.If Lexatrade is doing any of these things to avoid releasing your funds, contact our experts today. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.

How to identify a scam?

The LexaTrade referral program activates when you invite your friend to sign up for the platform. For each successful deposit your friend made, you’ll receive up to 50% of the entire amount. The user-friendly UI of the platform caters to the needs of both beginner and professional alike.

The insurance covers upto 100% of total loss on all trades opened on the deposit day. Instead of falling for the LexaTrade scam, we recommend you to start with a more trusted platform like InvestFW. Comprehensive evaluation of LexaTrade’s offers and services. But at the same time, for people with a head on their shoulders, Lexatrade is quite a working tool. Lexatrade customer service is bad, the account managers are irresponsible please becareful to use them, they are so frustrating.

LexaTrade Review: Regulation

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. 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.

Complaints on a forex broker or a forex scam should be posted here, BrokerView will deal with the case. To get a better understanding of how brokers work, read our review onFxcryptomine,FTG Markets,Capital GMA,Kiexo. We would like to see some real feedback from traders to even think of trusting Lexa Trade broker. These benefits seem to be general in nature as the broker doesn’t talk of something we’ve never heard from brokers.

However, it claims to hold a license from the International Financial Market Relations Regulation Center . Despite this, it is an off-shore broker restricted to operate in the US and Europe. In-depth look at the platform with our detailed LexaTrade review. ThatSucks.com will not take any responsibility for any loss or damage derived by accusations or negative comments made by random individuals. Avoid abusive language and personal attacks, directed either at the broker or the author.

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Even the personal manager engaged for help do not bother for small traders. Lexatrade offers the MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are popular among traders due to their advanced features, which are defined below.

Here, LexaTrade seems not to be regulated in its jurisdiction of operation and is indulged in scam activities. There is a high possibility that the broker has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc. Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with. Thus broker seems to be lacking such regulation or there is no proof of it. Join thousands of traders who are currently enjoying this service. Tier one liquidity ensures that there is no conflict of interest.

Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume to be eligible for withdrawal. LexaTrade began by managing cash transactions in real-time trading using PAMM accounts. Over time, it has grown and developed advanced trading solutions and a variety of financial instruments, becoming a well-known online brokerage brand. Lexa Trade is a forex broker with trading platforms of xCritical Mobile App, Metatrader 4 and proprietary Web Trader.

How Do You Trade With LexaTrade?

The minimum deposit at LexaTrade is $250, a slightly higher in this competitive world, with many offering accounts opening at $0. Please be noted that all information provided by ThatSucks.com are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person. I registered with them by depositing $250USD and play couple of trade and earned $236usd.

• The most commonly used trick that scammers follow is offering a high bonus.
• Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawingCease communication.
• You would be forced to top up to the minimum of $50 before placing a withdrawal request.
• On the other hand, the Web platform offered for the minimum account is quite enough for the average trader, so maybe that’s not a deal breaker.
• The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to.

If you want to invest in online trading, it is good to look at the list of scam brokers 2022 and avoid the brokers present on the list. This will help you in safe trading and also keep your investments safe with the right broker. There may be a risk of scams in online trading like Forex trading, Cryptocurrency trading, Binary trading, and others. Some of the major online scams we heard about are Forex scam, Cryptocurrency scam, Investment scam, Romance/Dating scam, Pet scam, Binary scam, etc. The scam brokers have a common way of fooling victims either.

And, if you got scammed by Lexatrade.com, file a complaint. Brokers Complaint is always trying to find different scam brokers present in the market as well as the new emerging scam brokers to warn traders. Through LexaTrade review our aim is to warn traders not to trade with this broker because this broker is suspected to be a scam according to the research done by our team. Also lexatrade review trustpilot , lexatrade wikipedia are also showing bad numbers. This broker offers a balanced mix of functionality and user-friendliness.

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But there’s also the fact that while it’s better than nothing, it’s not a significant improvement. So the regulation may impose negligible limits on the broker while generating a false sense of confidence for potential customers. There are way too many categories on lexatrade.com, and navigating around the website is challenging. The dropdown menus have vague names, and as such, the categories inside them seem almost arbitrary.

The platform is relatively new in comparison to some prominent names already dominating the forex industry. However, it quickly garnered popularity among traders, thanks to one-of-a-kind features and the services. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition.

Based on this user feedback, it appears that LexaTrade is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. 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 doesn’t hide the fact that it’s trying to goad you into depositing more. Even the withdrawal speeds increase as you go up to the higher accounts. And without the broker specifying the times, who knows how long it might take for you to get your money.

If you got defrauded by LexaTrade scam or some other intermediary and need to discover more about another agent, address our specialists. We assist customers with documenting the case against trick representatives. With insightful reports and direction, we can help recover your assets. If you have been drawn nearer by a trick firm, then, at that point, contact Brokers Complaint to get fund recovery.