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Is LexaTrade a Scam? Read This Brutally Honest Review

minimum deposit

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. I’m so proud of this company called Globaltraderecovery. After someday,l requested for the withdrawal of my deposit and profits.


We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. Sir / madam in this regard I searched the company address of India. They encourage you to extract maximum amount from you and then open deals conveniently to bring you down to “ALL RED” and refuse to return a single penny. No, it is currently not effectively regulated and you are advised to be aware of its potential risks. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information.

Recommended broker

As a forex trading platform, LexaTrade is legal in India. However, it is an offshore broker restricted to operating in the US and Europe. The platform offers a long list of trading instruments, is regulated and most importantly, is not a scam. And has global presence with headquarters at Beachmont Business Centre, Suite 39, Kingstown, Saint Vincent and Grenadines. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. Brokers required various licenses and regulators’ approval to serve investors and traders.

  • For your convenient and effective trading, we have developed and implemented a new online platform.
  • The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165.
  • But on a hunch, we wouldn’t call the security excellent.
  • At the end of the day, of course there might be some risk present due to their legal stance.

Therefore, for some people it will always be like a scam. There is even nothing to be surprised at in such comments. But at the same time, for people with a head on their shoulders, Lexatrade is quite a working tool. And stay alert, scammers like lexa trade are present here too, misguiding the public. 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.

How do you rate

They use to do wrong trade, use to send misleading signals & when it comes to at loss then they disappeared. Not responding to the calls or not responding to client messages. They had told me that My all invested Amount are insured & Risk Free. I have many evidential communication by them through email and Skype is witness. Due to such malpractices At the end the investor suffer financially & mentally. Sign up with EagleFX to join thousands of traders currently benefiting from high leveraged full STP/ECN CFD trading with zero conflict of interest through tier one liquidity.

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And if you’re unfamiliar with what IFMRRC is, we don’t blame you. Although we do daily broker reviews, we’ve never heard of it before. For us, the elephant in the room when visiting is how clunky the language is there. It seems like the website wasn’t designed in English, but rather translated from another language. We know some brokers like to take that approach, and it usually works moderately well. However, the translation itself is shoddy, so the website ends up looking unprofessional.

LexaTrade Review: Pros And Cons

On the bright side, they do make up for it by offering a ton of funding and payment methods. Also, this broker is connected with the semi-automated trading platform Cryptodroid which is one of the most beloved software in the trading realm. To know both sides of the equation and understand the nature of this trading solution, continue reading this unbiased post. After I had made my second deposit I was blocked out.

  • I paid and earned – but when I wanted to withdraw funds – I heard that I have to wait a bit, because they have to prepare it.
  • LexaTrade claims to be operated by Swissone Group Ltd, a company registered in St. Vincent and the Grenadines.
  • So there’s the argument that some regulation is better than none, and that does hold up.
  • Doxis ICA Platform addresses any Enterprise challenges by bridging systems, information, and processes.
  • It opened just earlier this year and has attracted a good bit of attention as such.

Its founders are looting people with many fake claims. They even have affiliates who individually promote platforms to others and force them to invest maximum money. We are back with our unbiased review of LexaTrade, an online trading broker company.

lexatrade review charges a spread on trades, which is the difference between the buy and sell price of a financial instrument. The spread varies depending on the account type and the financial instrument being traded. 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. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums. In a few weeks, we managed to increase the deposit by 15-17%. This is taking into account my caution, I don’t buy everything in a row, I carefully monitor the news.

So don’t use this platform and research well before choosing a such platform. Organization and company which provides financial services need to obey various policies and get approval from regulators in every jurisdiction. LexaTrade charges a service charge of 5% when customers has made less than 5 independent transactions. LexaTrade Accounts & PricingEach account type comes with its own set of perks, with the higher account types offering the best perks and benefits.

Of course, we cannot vouch for the accuracy of the signals but a nice addition. 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. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165.

payment methods

The methods for deposit are Visa, CryptoWallet and e-Payouts and we assume the same methods will be used for withdrawals, although LexaTrade doesn’t mention this specifically. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker. This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. And that’s without mentioning our hunch that the broker isn’t entirely honest.

There are no reviews or feedback at all regarding the services offered by this broker. Nearly all brokers will give you a raw deal if you fail to read their ToS regarding their deposit bonuses. We’re not sure what LexaTrade broker means by saying “a free trial account with profit”.

minimum deposit

LexaTrade ensures that all client funds are kept in a segregated account from the company’s funds. Video courses and E-books, while the questionnaire section offers all the questions related to customer’s feedback on the platform. The LexaTrade referral program activates when you invite your friend to sign up for the platform.

IFMRRC stands for International Financial Market Relations Regulation Center. It’s a non-commercial organization that regulates about 60 brokerages. However, it’s apparent that it’s much less limiting than even the more lenient country-based regulators.

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