The MT4 performs as a classic choice in trading currencies and CFDs because of its user-friendly interface, speed of execution, and high-grade terminal work. LexaTrade’s offering of the MT4 comes in a web version and it is compatible with any browser. Platform includes a customization feature that comes with listing charts and shifting time ranges. The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year. But most importantly, these benefits are immediately laid out for new clients.
Is LexaTrade A Scam?
Thus, LexaTrade guides investors before they start investing through their educational resources. Fill out the application form with your personal information, including your name, mobile number, email address, and a secure password. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. Looking at reviews about LexaTrade on various websites shows that the broker is actually trusted and respected by its clients. Many have praised LexaTrade forex broker for its speed of providing services and giving more than what is expected of it.
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. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. The information on Forex-mag.com does not serve as an investment or trading recommendation. The server operator Almina Corp as is not a registered broker, investment advisor or broker. The financial products offered by the companies listed on this site pose a high risk and can lead to the loss of all your funds.
LexaTrade: Getting Into the Meat of an Honest Broker
But of course, it is completely understandable; it is an inclination and a necessary evil to easily doubt any business or financial entity that requires one to invest his or her hard-earned money. Trading is a gamble, and investing in markets through a brokerage firm is no joke. And the presence of negative reviews does espouse plenty of misgivings, and worse, paranoia. LexaTrade offers a diverse range of trading instruments and platforms, making it appealing to beginner and intermediate traders.
That being said, caution should be used anytime money is involved, with all brokers, old or new. I read in comments on one forum the information «LexaTrade scammers», fraud, etc. Then he learned from a friend trading with a LexaTrade broker that all prosecutions are complete nonsense. As a result, I opened an account there, on which I have been trading for six months.
As with the other brokerage firms within St. Vincent and the Grenadines, there is no trail of evidence of LexaTrade’s regulatory body. This is so as the region’s local government does not have any provisions for regulating Forex trading activities. What the reading of review ultimately provides its readers is a fair assessment and perspective of LexaTrade.
Everyone should understand how to distinguish a good broker from those that are often considered scammers and why forex is a scam. We present your user reviews, according to the rating of a broker. Each broker must have regulations for each country where it offers trading. Lexatrade broker offers trading worldwide but doesn’t have all the licenses to do so.
Trading Conditions and Fees
It displays high functionality, great customer service, convenience, availability, and dedication to clients. It improves its services based on what its clients ask for to work on the market, and this has earned the trust of traders everywhere. Real LexaTrade broker reviews can attest that company is worth trading with.
However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. Commodities market is a great opportunity to diversify portfolios. It is also seen as long-term investments because of its steady and highly-profitable trading. If the forex market is volatile, the commodities markets go through even higher levels of volatility, which means trades must be carefully decided upon.
Account Types
The variety of instruments allows traders to diversify their portfolios, but the depth and range are average compared to industry leaders. The data contained in this website may not be real-time and accurate. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. Several red flags have emerged from user experiences that cast doubt on LexaTrade’s legitimacy, making it essential to understand these warning signs before investing any money. One of the primary concerns with LexaTrade is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds.
- I have been trading on the market for 5 years, of which almost 2 years on LexaTrade.
- The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year.
- This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs.
- I stongly recoonamd everyone to dont waste money with this fraud company.
- Fill out the application form with your personal information, including your name, mobile number, email address, and a secure password.
IFMRRC stands for International Financial Market Relations Regulation Center. In LexaTrade review, the writer had highlighted LexaTrade’s provision of deposits commission. In addition, he or she had also brought the capability given to LexaTrade users to trade without any restrictions. Through the statement quoted above, readers are made to understand that LexaTrade is not only given these perks but also allowed access to funds and deferment of payments made through its platform. Scammers employ persuasive tactics to convince you to make an initial minimum deposit.
The online community is replete with lies and fabricated news for what it’s worth. There is a reason why the term “Fake News” has been plastered across the online Metropolis. LexaTrade fails to provide any information about its staff on its website and promise fake returns.
These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform. Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds. You should also contact your bank as soon as possible and let them know about your issue.
Accounts
- LexaTrade has proven that it belongs on the list of top forex brokers in the trading industry and meets users expectations.
- The spread on major currency pairs such as EUR/USD is relatively low, but the spread may widen for less liquid assets.
- Once the money is deposited with it, it stops responding to the queries..
- Every broker has received negative feedback from customers, critics, and even the general trading industry was accused of cheating.
LexaTrade is a global online trading platform offering a range of financial instruments, including forex, commodities, indices, cryptocurrencies, and stocks. It aims to attract traders with promises of high leverage, multiple account types, and extensive educational resources. However, LexaTrade has been the subject of mixed reviews due to concerns about its regulatory status and business practices. LexaTrade markets itself as a user-friendly platform designed for both beginners and experienced traders. The platform also offers different account types, each catering to various levels of trading experience.
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. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Claim your profile to access Trustpilot’s free business tools and connect with customers. Fraude No 1I got call form them give commitmant for giving good profit.i opened ac & deposite $250 money after that 2 to 3 months i haven’t received any call or follow up. But after 3 months i got call & give some call tips and make good profit of around $850. E continue to force me to deposite more but i denied so he opened very huge position so i lost all capital so he tell me that thats why i told you to deposite more.
This alone raises considerable doubt as LexaTrade’s users are simply not assured of legal means to recover or compensate for the potential untimely loss of funds. LexaTrade’s lack of regulation is something we should not gloss over regardless of the firm’s advantageous features. Remaining alert and wary of such shortcomings should take precedence. Lexatrade official site has an intuitive interface with all the access to the inner pages accessible through the lexatrade reviews fields that can be seen on the top most part of the landing page. It is complete with all descriptions of LexaTrade’s offers, its website tools, and legal documents ensure safe trading with the broker.
Yes, LexaTrade is a scam broker as it is not regulated by any top tier regulatory watchdog. However, it holds a licence from the International Financial Market Relations Regulation Center. Also, scammers, as you read in this ASR review, are famous for not withdrawing your money. They may ask you for more and more money and never return a single penny of your earnings.