lexatrade news: LexaTrade Legitimate or Fraudulent Brokerage Firm

A fundamental examination can go far in securing you and your accounts. Managing financial firms approved or enrolled by legal authorities gives you more prominent assurance assuming things turn out badly. Check out the list ofscam brokers 2022 to prevent yourself from getting scammed. And, if you got scammed by Lexatrade.com, file a complaint. Firstly, LexaTrade is not a regulated broker, which means that it is not authorized by any regulatory body to offer financial services.

Interested parties need to visit the broker’s official site and from there, they will immediately find the registration button. After clicking, it will be redirected to a form, which needs to be completed. It requires all the necessary information including name, email, address, and telephone number. As for the disadvantages it carries, its reputation is tainted mainly from the absence of tight regulatory oversight. In addition to this, clients’ queries are given resolution in an untimely manner, which only adds to reasons why it has been receiving negative feedback from its clients. Lastly, it charges daunting fees including a 5% commission from clients with less than 5 transactions.

Lexatrade offers full-time support with 24/7 operating hours. The people at lexa trade are very polite they talk very friendly they help in generating profit also but they don’t corporate in withdrawl. Everybody says that it is very easy to withdraw but when you go for withdrawal nothing is reimbursed.

LexaTrade Review – Quick Overview

It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. One is also given the capability of viewing all trades through a singular instrument. It operates under the Swissone Group Ltd., which is based within St. Vincent and the Grenadines. The financial work of the broker complies with the requirements of FMRRC . And stay alert, scammers like lexa trade are present here too, misguiding the public.

LexaTrade Forex broker offers the xCritical platform for trading, which is easy to navigate and very user-friendly and familiar to many MetaTrader 4 traders. The platform looks clean and organized, with links that make it easy to find what you are looking for. 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.

Accounts

One fact that’s relieving and concerning at the same time is the broker’s choice of the regulator. 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. It should be made clear that Lexa Trade does not hold an individual broker license. LexaTrade provides a detailed spread table where the clients may easily compare and inquire the spreads of different instruments in different platforms.

However, few people have experienced issues ranging from technical glitches to execution errors. Their platform and interface looks clean and the account types are versatile enough to accommodate both newbies and professionals. Any referrals to 3rd parties may have computational rewards.

It is an innovative approach to trading in a busy, hectic world. Lexatrade.com has a consumer rating of 2.68 stars from 19 reviews indicating that most customers are generally dissatisfied with their purchases. Theforexreview.com needs to review the security of your connection before proceeding.

Four out of top 5 cryptocurrencies suffered double-digit losses

A mobile platform is available but Demo accounts are not; US traders are not accepted. Overall this is a promising broker but a few tweaks here and there would make it a better one. Moreover, the Learning section of LexaTrade also features webinars and a Questionnaire page where business owners will be given an exclusive offer.

Information about withdrawals is missing and this should be addressed by LexaTrade. 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. However, it is an offshore broker restricted to operating in the US and Europe. After pursuing this review and reading other negative LexaTrade reviews, it is clear that this broker is a scam. 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.

LexaTrade Photos

Below are some of the perks that lexatrade news will surely enjoy. We present your user reviews, according to the rating of a broker. To serve the cause of fairness, the reviews last segment will quote both positive and negative ones, that were gathered from various trusted brokerage review sites. There are no reviews or feedback at all regarding the services offered by this broker. Assuming you deposited $100 and lost 60% of the funds and attempted to withdraw $40, Lexa Trade broker would never process such withdrawal request.

The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge. It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable. LexaTrade is a Forex and CFD broker that offers to trade in currencies, indices, and commodities. The broker has a lot of complaints and the majority of negative LexaTrade reviews can be found at Trustpilot. The deposits are instant, while the withdrawal may take up to 3-5 business days to process. In my opinion, the platform should incorporate more payment methods.

• XCritical’s trading platform quickly gained popularity thanks to its innovative features that expanded our traders’ capabilities.
• For each successful deposit your friend made, you’ll receive up to 50% of the entire amount.
• Yes, it’s not so long to earn a million)) But it’s enough to say a few words about this company.
• The most interesting about this platform is its automated trading option, completely providing high efficacy and larger margin of profitability for its traders.
• We were able to go to lexatrade.com, login, and use a demo account to learn the platform and its operation.

Later, other persons claiming to be working for the same firm contacted the victim through Skype calls and encouraged him to invest money in their firm. ConsumerComplaints.in is a platform for consumers who have had negative experiences with companies. It is a place to share your concerns, issues, and have your complaints resolved. 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.

Simple trading features and modern high-speed trading platform. Personal manager for Autochartist market analysis technology. A variety of trading tools, automatic signals about profitable transactions. Low spreads, 0% commission, bonus programs, multi-language call centre. This broker offers a balanced mix of functionality and user-friendliness.

It’s essential to conduct thorough research and due diligence before investing any money in any trading platform or financial service. It’s also advisable to consult a financial advisor or professional to help you make an informed decision. Comprehensive evaluation of LexaTrade’s offers and services. 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. De, it is distinguished by the reliability and honesty of the company. Of course, there are questions, but everything is successfully resolved after correspondence with tech support.

“I have been working with this LexaTrade broker for six months now. I learned about the company much earlier, but I came across a network about the negative about it. I read in the comments on one forum the information that «LexaTrade fraud», fraud, etc. Then he learned from a friend working with this company that all this is complete nonsense.

Responses to “Lexatrade Review: Is Lexa Trade a Scam Broker?”

The company is licensed in Australia under the Australian Financial Services Licence . It has been awarded the ‘Best Forex Broker Australia Award’. Yes, it’s not so long to earn a million)) But it’s enough to say a few words about this company. We use dedicated people and clever technology to safeguard our platform.

Firstly, guarantee the license is from a reliable controller and not one who gives a license to any individual who pays a charge. Legitimate specialists might have the option to accomplish something, yet controllers can remove the license from trick intermediaries. In conclusion, while we can’t say for certain whether LexaTrade is a scam, the lack of regulation and the warnings issued by financial regulators are clear red flags.

Today, the broker positions itself in the foreign exchange market as one of the most successful. The review above is an example of a false claim because it links the broker to a common circumstance in trading and does not fall under the broker’s control. Market risks are one of the most important things that any trader must fully understand from the onset. 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. It’s worth noting that online trading can be risky, and you can potentially lose all of your invested funds.