The broker has a low user rating of 2.1, which clearly shows the platform’s low credibility. While looking for the platform on Trustpilot, we went through many complaints, which indicate LexaTrade is a scam. In order to attract more traders on the platform, LexaTrade often starts promotions. There is not a single complaint regarding the same, so, we can rate it good in this case. If you’ve been following our detailed Lexatrade review 2023, you have likely noticed the platform has not much to offer to its users. The broker’s low user ratings of 2.1, which shows the platform’s low credibility.
- Support desk doesn’t answer for a long time, and no one’s gonna pay me back.
- False statements like these are easy to create but have a dangerous impact on the broker’s reputation.
- There is a tremendous risk on any transactions interested traders may
conclude with the brokerage and we deeply recommend they look elsewhere for
viable trading option. - Wondering whether Lexatrade scammers or not, let’s analyze its services and development level.
The dropdown menus have vague names, and as such, the categories inside them seem almost arbitrary. LexaTrade has often been found on the negative side of things when it comes to client reviews. However, it is crucial to note that not all client reviews came from the real clients of the broker. Black propaganda such as scammed by LexaTrade against the broker being stirred by its competitors can be another possibility to take into account. A range of account types welcomes traders of all backgrounds and skill levels in LexaTrade.
Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. The broker doesn’t hide the fact that it’s trying to goad you into depositing more. Even the withdrawal speeds increase as you go up to the higher accounts.
Another thing to keep in mind is that there might also be
withdrawal conditions concerning accounts that take advantage of the bonus
promotion. Some fraudulent brokers stipulate that a trader must achieve a
certain trading volume to be eligible for withdrawal. LexaTrade’s MT4 web terminal is a safe, secure trading platform that uses advanced technology and high-quality terminal work.
Domain Age of LexaTrade:
Trading can help you to earn extra income, but at the same time, it is also meant to lose your funds if you don’t watch out. Trading is protected and dependable with the right broker and a nightmare with lexatrade scam a scam broker. It implies that you should pick a reliable broker for trading instead of a shady and offshore one. Therefore it is significant to figure out about LexaTrade before investing your money.
There will always appear negative reviews about every broker, even the most trusted ones. This is a simple fact in the trading industry, where competition can sometimes be cutthroat. Below is an analysis of some negative reviews hurled towards LexaTrade.
In our review, we will answer the question of whether the LexaTrade scam or not. After a thorough review of the trading aspects of the broker, let us now conclude our assessment of the LexaTrade forex broker. After a lengthy and extensive probe into the services and LexaTrade Forex brokers reviews, let us sum up the advantages and disadvantages of LexaTrade as a broker. Broker attracted me precisely with this – in all LexaTrade reviews, it is distinguished by reliability and honesty of the company. Of course there are questions, but after correspondence with tech support everything is successfully resolved.
Thoughts on “LexaTrade: Getting into the Meat of an Honest Broker”
LexaTrade’s provision of these platforms allows for good options for transacting their trades. Even without LexaTrade’s proprietary platform, MT4 and xCritical platforms are enough to render good trading conditions to create strong investment portfolios. For those that are victim of online investment scam, i will recommend the help of janesilva0727 g mail com a recovery expert who helped me in getting back all my lost funds. There are way too many categories on lexatrade.com, and navigating around the website is challenging.
Lexatrade Review – Is it good, or is it a scam?
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. Overall this is a https://cryptolisting.org/ promising broker but a few tweaks here and there would make it a better one. Also keep in mind that the company is regulated (IFMRRC), which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all.
But other than that, LexaTrade also offers the MetaTrader4 and XCritical mobile app. 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. When trading stocks, CFDs, or other derivatives, consider whether you understand the function of differential contracts and be aware of the high risk of losing your funds. And that’s without mentioning our hunch that the broker isn’t entirely honest.
This experience has eroded my trust in Lexatrade’s reliability, leaving me frustrated and questioning their legitimacy. Potential users beware; the withdrawal problems overshadow any potential benefits this platform may offer. 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. It must be stressed that all LexaTrade reviews above were taken from existing, legitimate review sites.
Sapafx Reviews And how to Recover your money Back from …
You should fill in the basic personal information, including your name, email, and contact number. Holding its business operations in Saint Vincent and the Grenadines, many traders doubt the legitimacy of the broker, let alone Lexatrade’s regulatory credential. Platinum account of LexaTrade broker takes the advantages and perks of previous accounts to a higher level. It was curated specifically for advanced traders who invest both in short and long-term.
The client’s depositing method must also be used when withdrawing funds to prevent financial theft. This is also a great security measure against online hackers who transfer client’s funds into their bank accounts and withdraw the money. Also, LexaTrade only partners with trusted international banking institutions when handling their corporate funds. The platform is somehow new in comparison to some reliable names dominating the forex industry. The genuine features of the platform that are worth considering include bonuses, advanced trading platforms and learning programs.
Lexatrade Review: Conclusion
LexaTrade official site provides a brief overview of every financial market, prioritizing currencies, commodities, and indices/shares. These are some of the most widely-traded markets by investors worldwide. LexaTrade ensures that their clients have sufficient knowledge about them before they begin trading. The broker offers a wide range of incentives, welcome bonuses, promotions, etc. New clients are especially showered with welcome bonuses as a means of getting them on board a unique trading experience.