Is LexaTrade a Scam? Read This Brutally Honest Review

LexaTrade Review

So, if you have a question or a problem, you can contact the support and they’ll most likely help. The only thing you won’t be able to do unless you sign up for a better account type is the help from analysts. Lexatrade has quite a few impartial reviews, but it’s important to remember that it’s also a fairly small broker, at least compared to the established leaders in the industry.

It’s a SCAM company, never ever invest it.

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. One of the most popular bonuses it offers is the Refer a Friend program. When an existing client successfully gets another trader to sign up to LexaTrade, clients are awarded up to 50% of the deposited amount of the new client. Any existing trader can sign up to participate in the program and receive incredible bonuses.

LexaTrade Services: Trading Platforms

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. 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. I was more interested in stocks, but then I also invested a little in crypto. With the transfer it is difficult, the money goes for a long time.

Acquaintance with LexaTrade: Why You Should Trade with It?

The broker even partners with reliable and trusted international banking institutions while steering their corporate funds. After deposite minimum amount $250 they start some deals and shows some profit. As automatic withdrawal was not active on my account I tried with withdrawal process to check how fast they complete the request but then I saw the real face of this platform. Three times my account manager was changed but nobody approved my withdrawal request.

Feel free to contact us if you have any questions. At a glance, it seems amazing platform and opportunity to earn trading profit with LexaTrade experts. Its fraude company consists of lots of incompetent employees in India who always make you invest with a false commitment and later they denied to keep their promises. Even i have raised my concerns in their portals but no actions were taken. It goes against our guidelines to offer incentives for reviews.

  • One more significant concern is that the broker locks the MT4 platform behind the more expensive account types.
  • Its founders are looting people with many fake claims.
  • A program entails any existing client receiving 50% of the deposited amount of any new trader they’ve successfully encouraged to sign up with LexaTrade.
  • With over 170 trading instruments, various tools, and timely risk management features, the platform ensures a high-quality trading experience overall.
  • It was curated specifically for advanced traders who invest both in short and long-term.

LexaTrade Review

Lexatrade has gotten all my hard earn money stucked and refused to allow me make a withdrawal of my assets, I met a review on how csp_jaun (at) proton. Me helped someone got their stolen money and I decided to give it a try and later put LexaTrade Review a smile on my face. There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website. There is no mention of an inactivity fee but we cannot guarantee that you won’t be charged one.

Below is an analysis of some negative reviews hurled towards LexaTrade. In this light, it can be said that LexaTrade is a legitimate business entity and is a regulated broker. Yet, questions remain whether this regulatory affiliation is strong enough to set aside fears of losing trading funds of clients in the event of insolvency. Fortunately, IFMRRC features a Compensation Fund scheme to be observed by all its 49 regulated brokers including LexaTrade.

I trade with some crypto platform not knowing they where sc! Am only happy because I found help after reporting to a recovery firm and they helped me recover all I lost to these fake crypto platform. My advice is that everyone need to be careful of the platform you deal with. If you have falling victim of these fake platform do not hesitate to file a complaint to Marketeace.

LexaTrade Review

Always asked for more deposite and said you have to make minimum deals or make $1000 deposite if you want to withdrawal your money. Seriously guys try with any other platform but not with Lexatrade. You need to request multiple times for the withdrawal and not sure if you will get it or not. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities.

They are asking for my marriage certificate before the can pay. The said the can’t refund me without marriage certificate. Even u get profit, they won’t allow you for withdraw. https://investmentsanalysis.info/ Getting robbed with native speaker is their most special. Unfortunately, it’s not possible to leave a review here anymore because the company’s website has closed.

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