LexaTrade Review 2023: Is It A Scam? Unbiased Review

These platforms are popular among traders due to their advanced features, which are defined below. Had a bad experience regarding investing my funds, wasn’t easy for me as I was scam severally. I lost almost all of my money until I came across a recovery expert named Jeff. He help and assisted me and helped in terms of recovery my funds . I got my funds recovered in just 4days with just little effort. I will highly recommend Jeff , he is sincere and honest in all way round he helped me got everything i lost.

It doesn’t do anything to stand out, and the vast majority of traders can easily find an option that’s both more comfortable and more powerful. Invest and trade ONLY in platforms and people who have been recommended to you by known people. Preferably with people/companies who have been in the business for decades in your own country. Just then they made me trade strongly recommending some deals.

Torobase is a global online trading platform that offers access to the world’s markets. It is equipped with a modern platform and high leverage, making it an ideal choice for professional algorithmic traders. With a free open API, Torobase is optimized for algorithmic trading and offers instant… 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. Today my balance was USD821 and free Balance was more than USD550. On request for withdrawal of USD 400, I was advised to open a del in sell segment of Natural Gas with USD196 than my entire balance gone negative.

Could you please help me find out if this broker offers Islamic Accounts or they actually charge swap fees?

After I had made my second deposit I was blocked out. I was so frustrated and giving up on my money when Mr. Tony Luis came to my rescue and helped me out with the issue. I would have been in a big mess if I had not met Mr. Tony Luis ( ) personal email, I wish to recommend Mr. Tony to anyone in recovery of loss. He saves me and I believe he can also save others who have run into loss.

The same goes for visuals, as the various elements are glaringly mismatched. It looks like the broker took stock images, put them in boxes, and called it a day. Of course, broker appearance is nearly entirely irrelevant, but our point is that Lexatrade looks like something hastily put together.

Organization and company which provides financial services need to obey various policies and get approval from regulators in every jurisdiction. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. 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.

Of course, the broker has options for downloadable terminals, web platforms, and mobile apps. As such, the broker covers all three important fronts. The default proprietary platform is good enough, with an intuitive interface and a solid set of analytical features. As such, we can’t hold the deposit requirement for MT4 against the broker too much. But as we said, we don’t like paywalls for core features as a practice, although you may not mind them at all.

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There are also other newbie-baiting features, such as the bonus that Lexatrade offers. 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. Which forex trading broker is the best or safest to trade with if am to borrow money from friends/bank to start?. As I am writing, my $2,500 invested is still with them.

It claims to offer advanced trading tools, increased speed and safety. Search by account type, minimum deposit, and maximum leverage in 2,000+ forex brokers. After almost a year of working with them, I can say one thing – it’s SCAM and it’s the simplest of its kind. Someone on the webside said that he has withdrawn money – Yes, they are paying out, but only pennies and just to call back for more. I worked with them for a year and even with success. Of course, the market was surprising and the account had to be saved with further deposits.

LexaTrade Ratings

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. Unfortunately, when a broker looks like it’s a rushed project, it’s often a scam.

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. From that moment things went a bit worse, my account manager disappeared for a week, and when he came back – he announced that we would make up for these minor losses by investing in netflix. The next day, after the American market woke up, my account was reset within 5 minutes. So LexaTrade is currently not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws.

Do not ever sign on any agreements about your Credit Cards. On that day the positions should have been SELL and they suggested BUY. They had a good idea of the balance in the account and that their suggestions will definitely lead to finishing every penny in my account balance.

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. Clients benefit from segregated accounts at top-tier banks, secure deposits and withdrawals, competitive leverage, tight spreads… LexaTrade is not legitimate and should be avoided at all events. LexaTrade claims to be operated by Swissone Group Ltd, a company registered in St. Vincent and the Grenadines. Nevertheless, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities.

When I invest 350s, I immediately get the indices and the operations resolved to make me lose my money. LexaTrade is an offshore broker registered in Saint Vincent and Grenadines, currently has no any regulations. So there’s the argument that some regulation is better than none, and that does hold up.

Account Types

The lexatrade review can be reached through multiple channels, including phone line and email. The user-friendly UI of the platform caters to the needs of both beginner and professional alike. Parent company of LexaTrade is Swissone Group Ltd, located in St. Vincent and the Grenadines. In-depth look at the platform with our detailed LexaTrade review.

• Please read LexaTrade Reviews below and share your live trading experiences with this broker.
• The platform supports all major payment methods for deposits and withdrawals, including bank wire, credit /debit cards, Skrill, Neteller and OrangePay.
• One more significant concern is that the broker locks the MT4 platform behind the more expensive account types.
• We are committed to the fair handling of reviews and posts regardless of such relations.

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. Lexatrade offers personal account managers to its users and they help in trading. Hope the above information is enough to know the basics of LexaTarde, account types, its services, fees and referral program. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified. Information about withdrawals is missing and this should be addressed by LexaTrade.

This feature provides 100% insurance on the deposit amount. The promotion is applicable for deposit amounts ranging from $500 to $5,000. The insurance covers upto 100% of total loss on all trades opened on the deposit day.

Trade a variety of assets at EagleFX and take advantage of uninterupted 24/7 trading. 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. 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.

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. LexaTrade is ambiguous about how deposits and withdrawals work, and we can only get come basic information in the refund policy page.

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. The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review. However, you can only unlock MT4 after depositing $10,000. And even then, you only get the web version, and you need the $50,000 account for the full unlock. Now – I’m looking for an answer to why this happened, and after consulting with Lexatrade, I know it’s a scam.

• Clients benefit from segregated accounts at top-tier banks, secure deposits and withdrawals, competitive leverage, tight spreads…
• ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.
• 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.
• Some even have the same contact numbers or addresses.

https://traderoom.info/ programs, low spreads, 0% commission, multi-language call center. This means that when you open an account with $5,000 dollars, we will add to your account another $1,500 dollars. Trade and invest freely from anywhere on the planet with LexaTrade online platform using the high-tech functionality, speed, and profitability of the terminal. 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.

We are back with our unbiased review of LexaTrade, an online trading broker company. Visit lfrescue.org for help on how to recover your funds from any scam platform that you have lost to. I lost to mycoinbanking.com over $201,370 and I felt bad for this but I was directed by mr silver to visit LFrescue and they where able to help with my refund. Read here the reviews of customers, view the contact information of the webshop & see if they are legit. 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.

It’s time to tell people the truth – Lexatrade is the sister of many Scam companies registered on St. Vincent and Grenadines. This is where our eastern neighbour found the cradle of his gold-bearing business. Some even have the same contact numbers or addresses. Lexatrade has never had the right license to enter the European market. After someday,l requested for the withdrawal of my deposit and profits.

Reviews of lexatrade.com are impartially monitored by TrustProfile. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates. We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. Lexatrade has been serving my trade for 3 months now. I used to trade in crypto, then I moved to the foreign exchange market.

LexaTrade has a referral program in which you’ll receive up to 50% deposit amount as a commission. Lexatrade claims to prioritize the safety of its client’s funds. But we are skeptical about most activities and claim made by LexaTrade. LexaTrade provides access to popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. Within a few years of its establishment, LexaTrade expanded its services to different countries around the world.