Lexatrade Review Is it good, or is it a scam?
A web-based proprietary platform that lets traders experience advanced trading. And even then, you only get the web version, and you need the $50,000 account for the full unlock. A web-based proprietary platform is offered by LexaTrade, such as MetaTrader4 and LexaTrade
app – xCritical Mobile App. While the platform offers a considerable service, we still advise to choose among legit brokers like InvestFw.
In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other traders who have already used the same service, and have expressed their opinions and feedback online on various forums. It is essential to exercise caution and conduct deep research before engaging with any online trading platform, including LexaTrade. Therefore, the decision was made not to stand in this respect from Polish brokerage houses and also to share the outcomes of their purchasers. Believing what she said, we agreed to cooperate as she will be trading my account, as a result we signed an agreement authorizing her to use the for trading.
Should I Open An Account With LexaTrade?
You can watch the experts trade, get answers to your questions and comments on trading strategies. However, it does enable people to trade the international markets from any device with an active internet connection. Charting is also adequate and a lot of trading tools are available right on the homepage itself. And stay alert, scammers like lexa trade are present here too, misguiding the public.
The platform is somehow new in comparison to some reliable names dominating the forex industry. 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.
- Brokers Complaint is committed to the fair handling of reviews and posts regardless of such relations.
- This includes video courses and E-books, similarly the questionnaire section offers the questions related to customer’s feedback on the platform.
- Hence, it is of primary importance for a forex broker to assert its legitimacy through its regulatory certifications.
- In our Lexatrade review, we’ll look at how beneficial it is for customers compared to other options.
Just click on the button below to get in touch with an expert or use our online chat (it’s better to use it if you lost more than $5000). Bonus amounts are great when it comes to enhancing your capital, but for the best experience, it should be used with caution. The broker has a low user rating of 2.1, which clearly shows the platform’s low credibility.
Information about withdrawals is missing and this should be addressed by LexaTrade. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client.
LexaTrade Review – Quick Overview
We aren’t the biggest fan of the huge jumps between the sums you need for different account types. There is no fee to open an account and the fees for deposits https://cryptolisting.org/blog/loopring-the-future-of-decentralized-exchange-protocol 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.
Lexatrade’s Trading Platform
We also help victims of Forex frauds, Binary frauds, Investment scams, Pension frauds and many other types of scams. Here you get assistance perceiving a scam broker before you are excessively profound into it. At whatever point you are in question about any dealer, the best practice is to let the asset recuperation experts help you. They are capable experts with the ability and instruments to detect a con artist and get your assets back. Also, scammers, as you read in this ASR review, are famous for not withdrawing your money.
Visit Our Brokers
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. 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.
If this doesn’t work, traders can raise a complaint to IFMRRC, the regulatory watchdog of LexaTrade. As such, we don’t think you can get a competitive trading service up until the $10,000 account at least. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back. The case with its funding is much of the same, as there are some things that look good. For starters, there’s the fact that the cheapest account doesn’t require a huge deposit.
How To Recover My Money From Forex Lexa Trade?
But as we said, we don’t like paywalls for core features as a practice, although you may not mind them at all. As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows. Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest. 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. Review our tips for indentifing scams to help minimize the chance you will get duped.