Their marketing materials suggest that Lexa Trade broker is owned by a firm called SwissOne Group Ltd, which is incorporated in the St. Vincent and Grenadines. Lexatrade has launched a universal course for investors with any experience. No, but many people are still sitting on the fence about them. LexaTrade has its own set of merits and demerits just like every other platform.
Perhaps we’re being too harsh since if you know what you’re looking for, you’ll find it. However, for a newer trader, the website may look too daunting. We wouldn’t be surprised if entry-level traders couldn’t find their way around and simply decided to use another brokerage. For us, the elephant in the room when visiting lexatrade.com is how clunky the language is there.
They will do registration before even u cud understand them. N then…u r trapped… B sure ..ur money is gone within days… I lost my 250 dollars within night. At the start they will tell u that they give 100% Insurance over the capital amount bt it’s big lie… They won’t give u even a penny. N even u earn or make money from this platform, they will not let u withdraw money till u lose all ur money… There r lots of if n buts wen u wish to withdraw. Meanwhile, most of the complaints are related to the LexaTrade is a scam and accounager who force clients to make more deposits.
※ The content of this website abides with local laws and regulations. The technical storage or access that is used exclusively for anonymous statistical purposes. LexaTrade provides a mulitlingual customer support 24/7 to deal with all queries via live chat, email and telephone. It is not necessary to wait for some news, and the market is moving unpredictably.
Yes, if you can send your platform chart trading with them, it will be easy and please try sending your email also, so we be able to reach you easily. Yes, if you can send you platform chart trading with them, it will be easy and please try sending your email, so we can reach you easily. Bonuses and incomes will only be withdrawn when a trader reaches a certain volume of trades. These benefits seem to be general in nature as the broker doesn’t talk of something we’ve never heard from brokers. This license was issued exactly one year after the launch of LexaTrade broker’s website.
But of course, with the online reviews altogether polarizing, how does one filter the truth from fabrication? Most of these positive reviews describe bonuses and promos. Yes, trading with Lexatrade is a fraud/scam cheating making fool of small investors/traders by misguided by the staff insisting for more money deposit for stock trading.
Then he learned from a friend trading with a LexaTrade broker that all prosecutions are complete nonsense. Trading platform works stably, occurs smoothly and quickly. Proper regulations usually ensure that forex brokers are sufficiently capitalized in the event of insolvency or trading losses. We aren’t the biggest fan of the huge jumps between the sums you need for different account types.
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They are lexatrade newssters hiding in remote offshore islands with no law and order. Needs to review the security of your connection before proceeding. Your fund will be reflected in your bank account in 3-5 business days.
It is a common thing in industries where services are the main product of companies. Even the most reliable companies that have graced the top brokers’ list for many years have received negative feedback. 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. This mid-tier account type is LexaTrade’s most recommended.
I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time. I did not notice any problems with this broker, with the exception of sales managers. But why am I seeing a lot of negative reviews about Lexatrade? It turns out that almost ALL negative reviews were written by scamers advertising their scam chargebacks. FP Markets has zero restrictions, which means that scalpers and currency traders who use… I trade cryptocurrency with lexatrade.com since the end of summer. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
Now daily some 10 people call me to start trading and if I say I am not interested they wont le t me go. You would be forced to top up to the minimum of $50 before placing a withdrawal request. Also, if clients don’t have a significant trading volume yet, the company intends to charge a commission of 5%. This is mostly the case when a broker buys a white label from a company that offers MT4 trading platform for renting.
LexaTrade is an online financial services company thats been providing superior and transparent trading services to all traders across the world in the trading markets. LexaTrade offers diverse trading instruments such as Forex, Commodities, Indices and Shares. LexaTrade is licensed and regulated by the International Financial Market Relations Regulation Center . The broker offers a dedicated section for research support, namely Traders Centre. Under the section, you’ll find a long list of advanced trading tools, which can help you trade more efficiently. We listed lots of them not to confuse traders but to give a weighted and fair viewpoint on the brokerage.
Can I Get My Money Back From LexaTrade?
Which forex trading broker is the best or safest to trade with if am to borrow money from friends/bank to start?. The best way to recover your money from LexaTrade is to contact their customer support. If that doesn’t help raise a complaint against the platform with its regulatory watchdog i.e IFMRRC. The minimum deposit at LexaTrade is $250, a slightly higher in this competitive world, with many offering accounts opening at $0.
- They tell me rubbish rules which they did not inform at the time of joining.
- Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest.
- It claims to offer advanced trading tools, increased speed and safety.
- There is not a single complaint regarding the same, so, we can rate it good in this case.
- Unfortunately, things like investor compensation funds and segregated bank accounts are not present.
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. The same goes for visuals, as the various elements are glaringly mismatched.
More so, it grants access to live market prices and liquidity, all while enabling robust security and stability. The most interesting about this platform is its automated trading option, completely providing high efficacy and larger margin of profitability for its traders. The broker is also attracting new traders using a 30% deposit bonus.
As this is the case, the traders are advised to take all claims quoted here with a grain of salt. Despite all reviews, it is strongly recommended to make decisions and build a strategy independently. I got a pretty good manager, he explained everything normally, didn’t raise his voice, tried to answer all my questions. Once again, I realized that not all negative reviews should be trusted. The brokerage company LexaTrade login is an organization with many years of experience that provides traders with services within their electronic system.
Instead of falling for the LexaTrade scam, we recommend you to start with a more trusted platform like InvestFW. So there’s the argument that some regulation is better than none, and that does hold up. 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.
Apart from Grenadine Islands and their Off-shore company address in a tax haven small country, they don’t have any offices anywhere. Their website does not mention buildings you can track them down to. The accounts manager has refused to process my withdrawal request.l have not been given any reason fir their refusal to process my request. The maximum withdrawal amount depends on whether you have a VIP or a standard account. Your funds will return to the method of payment that you used to deposit money.
A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages. That’s especially true if the bonus goes as high as it does at lexatrade.com. Another external platform that LexaTrade offers is the xCritical system. It is equipped with powerful instruments for encompassing and holistic trading experience. Its Customer Service Automation also known as the CRM fully integrates various payment processing systems.
If you are someone who trades on the go, then their mobile app will not let you down. Trading costs vary a lot and it depends upon the account type as well. There are 5 account types and the capital amount required to get started with them ranges from $250 on the lower end to $100,000 on the upper side.