LexaTrade platform contains more than 170 trading assets and tools to provide quality trading experience. One of the security measures that LexaTrade has imposed for the safety of its clients is strict payment procedures. The broker only accepts one method in deposit and withdrawal processes to prevent theft. It only partners with trusted global banks in handling their clients’ funds in segregated accounts. They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero.
- According to documents on LexaTrade official site, it is an officially registered company.
- All materials are available after registration, so you can ensure that reviews like “LexaTrade courses scam” are not true.
- Perhaps the best part is that anyone that signs up with them can watch the tutorials and there are no hidden clauses.
- The most significant advantages of gold accounts are reduced spreads and the possibility of passive earnings.
MT4 is one the world’s most famous and reliable trading platforms for Forex. The user-friendly UI of the platform helps both beginner and professional alike. The charges are higher compared to the platform we have reviewed so far. The spreads vary on the lexatrade scam account type and the instrument traders trade in. For starters, there’s the fact that the cheapest account doesn’t require a huge deposit. LexaTrade is licensed and regulated by the International Financial Market Relations Regulation Center (IFMRRC).
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It is acquiring more and more clients as it continues to improve on the best services it could offer. Commodities are viewed as steady, long-term, highly profitable investments. Commodities https://cryptolisting.org/ being long-term investments means that they must be carefully decided. Broker LexaTrade ensures that its 24-hour client service team provides the best support to traders.
Market risks are one of the most important things that any trader must fully understand from the onset. The phrase you could lose more money than you began with is embedded in every risk disclaimer, and every trader should be aware of this before trading. A client losing his funds from trading due to market circumstances is not a legitimate grounds to blame — LexaTrade cheating. Some are legitimate issues and concerns, while others were scammed by LexaTrade — false claims crafted by competing companies.
What is the maximum deposit required for an account on LexTrade?
In one way or another, clients who were unable to withdraw their funds from their accounts might have violated some conditions and guidelines without them knowing it. Aside from Web platform, LexaTrade also offers another powerful XCritical trading platform. The XCritical mobile app has an intuitive and simple interface that easily helps traders navigate the platform. Traders can also easily track the movement of market prices and get timely feeds of current forex forecasts through the functionality of XCritical mobile apps. Since the functions of the platform are separated, traders can also open and close transactions without delay and set Stop Loss and Take Profit quickly. The mobile app also provides brokers with the current account balance to easily check and replenish it when needed.
However, it garnered popularity among traders with its one-of-a-kind features and the services. LexaTrade is a Forex and CFD broker that offers to trade in currencies, indices, and commodities. The parent company of LexaTrade is Swissone Group Ltd, located in St. Vincent and the Grenadines. The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review. Most likely, these reviews were written by the company’s competitors. LexaTrade review on the site ends with a section with links to the company’s documentation.
Aside from hefty welcome bonuses ranging from 30% to 120% of initial deposit, LexaTrade also gives a referral bonus. This is awarded to a trader who refers a friend to trade with broker. Up to 50% of the total amount of the referred client’s initial deposit will be awarded to the referring trader. Reviews like “LexaTrade cheating” or “LexaTrade scammer” are nothing short of slander that only benefit the competitor. Even legitimate clients cannot benefit from false claims as it gives them a distorted view of a broker’s reputation. Saint Vincent and the Grenadines is a place that attracts shady
brokers because of their lack of proper licensing laws and a regulatory body.
Real LexaTrade Clients Reviews
Yes, the broker offers trading services across the globe with a focus on countries like India, South Africa and most of Asian countries. The asset access is limited, your withdrawal requests are low priority, and the spreads are extremely high. We’re nearly certain the broker made the accounts just to seem more open. However, better options are present online, and it’s easy for most traders to switch. The setup itself is tried and true and is one of the most common ways for brokers to structure their accounts. It allows them the greatest reach, as the primary concern with the accounts is budget rather than trading style.
To sum up, all that has been said above in this LexaTrade review, we give you the power to decide whether the broker is a scam or not. Scam Victims Help has extensively researched the LexaTrade Review and found several red flags that every trader should be aware of. Read our LexaTrade review today to learn everything you need to know about this broker before signing up. With these in mind, the allegations that someone was scammed by LexaTrade are seen as baseless and may simply be seen as the traders’ ignorance of how trading actually works.
In comments on one forum, I read the information that «LexaTrade courses scam,» fraud, etc. Then he learned from a friend working with this company that all this is complete nonsense. As a result, I opened an account there, on which I have been trading for six months.
You can find more detailed information on each account on the LexaTrade website, and in our review, we prepare a comparison table. Even the personal manager engaged for help do not bother for small traders. Lexatrade is new forex and CFDs brokerage that primarily operates in Europe.
Nonetheless, if you are just starting out, then take it slow and invest only the kind of amount you are comfortable losing. Risk appetite is different from person to person which is why talking with a financial planner is always a good thing before jumping on to any conclusions. The parent organization is registered in Saint Vincent and the Grenadines. Practically speaking, they are not regulated, but over the years the kind of reputation they have earned tells us a lot about them. Perhaps the best part is that anyone that signs up with them can watch the tutorials and there are no hidden clauses. We analyze your chargeback data and root causes of your scam case in real time.
If you have falling victim of these fake platform do not hesitate to file a complaint to Marketeace. That, along with the multiple phone lines, makes the broker easy to reach. The representatives are adept at problem-solving, so the overall communication flow is great.
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