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Lexatrade Review: Is Lexa Trade a Scam Broker?

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Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. Nearly all brokers will give you a raw deal if you fail to read their ToS regarding their deposit bonuses. And stay alert, scammers like lexa trade are present here too, misguiding the public. I registered with them by depositing $250USD and play couple of trade and earned $236usd. They tell me rubbish rules which they did not inform at the time of joining.

Keep yourself away from The Scam Broker If You Notice the Following

On the other hand, the Web platform offered for the minimum account is quite enough for the average trader, so maybe that’s not a deal breaker. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker. This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. Bonuses and incomes will only be withdrawn when a trader reaches a certain volume of trades. I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time.

• I registered with them by depositing $250USD and play couple of trade and earned $236usd.
• 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.
• They encourage you to extract maximum amount from you and then open deals conveniently to bring you down to “ALL RED” and refuse to return a single penny.
• A bunch of cheaters who have looten thousand of ppl till now n this may be ascertained from the reviews.
• Also, scammers, as you read in this ASR review, are famous for not withdrawing your money.

But later, you will realize that you got scammed by the broker. Its fraud company, dont upload money with this portal. I have uploaded some moeny and post that they have locked my amount and i am nither withdraw nor able to trade. They are asking more money to upload to enable my account and not returning the amount that i have already uploaded. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition.

LexaTrade Ratings

Check out the list ofscam brokers 2022 to prevent yourself from getting scammed. And, if you got scammed by Lexatrade.com, file a complaint. Yes, trading with Lexatrade is a fraud/scam cheating making fool of small investors/traders by misguided by the staff insisting for more money deposit for stock trading. Today my balance was USD821 and free Balance was more than USD550.

They may ask you for more and more money and never return a single penny of your earnings. Therefore, for some people it will always be like a scam. There is even nothing to be surprised at in such comments. But at the same time, for people with a head on their shoulders, Lexatrade is quite a working tool. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge.

Also keep in mind that the company is regulated , which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all. That being said, caution should be used anytime money is involved, with all brokers, old or new. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the stuffy interface of Meta Trader.

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 https://cryptolisting.org/ more about another agent, address our specialists. We assist customers with documenting the case against trick representatives. With insightful reports and direction, we can help recover your assets.

Sir / madam in this regard I searched the company address of India. Also I am drafting email to send my complain to SEBI, RBI and IT dept. They are scamsters hiding in remote offshore islands with no law and order. They encourage you to extract maximum amount from you and then open deals conveniently to bring you down to “ALL RED” and refuse to return a single penny.

LexaTrade Bonus

Unfortunately LexaTrade doesn’t offer a lot of information about withdrawals but according to the website, a representative will contact you to complete the processing, which takes up to 24 working hours. The methods for deposit are Visa, CryptoWallet and e-Payouts and we assume the same methods will be used for withdrawals, although LexaTrade lexatrade owner doesn’t mention this specifically. 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.

These benefits seem to be general in nature as the broker doesn’t talk of something we’ve never heard from brokers. We’re not sure what LexaTrade broker means by saying “a free trial account with profit”. Clicking on the link to discover more takes us to a sign up page where the broker requires us to create a trading account. The website has not published a live spreads widget on their website. However, they’ve at least published a table showing the spreads they charge for different asset pairs.

LexaTrade

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. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. A mobile platform is available but Demo accounts are not; US traders are not accepted.

LexaTrade Review

In a few weeks, we managed to increase the deposit by 15-17%. This is taking into account my caution, I don’t buy everything in a row, I carefully monitor the news. The overall structure of the accounts at LexaTrade is too expensive in my opinion and putting a $10,000 barrier between the trader and MT4 means that the majority of clients will not use this platform.

The broker is also attracting new traders using a 30% deposit bonus. Remember to read the terms and conditions for accepting and using deposit bonuses with brokers. Brokers Complaint is a team of Fund Recovery Experts.

Through LexaTrade review our aim is to warn traders not to trade with this broker because this broker is suspected to be a scam according to the research done by our team. Also lexatrade review trustpilot , lexatrade wikipedia are also showing bad numbers. Lexatrade.com seems to be unregulated as it doesn’t hold a license from any regulatory body.

I am going to file the cyber crime complain against them if they did not refund my money. Here you get assistance perceiving ascam brokerbefore 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. ThatSucks.com will not take any responsibility for any loss or damage derived by accusations or negative comments made by random individuals. All Ip’s are checked and marked for further inspection.

We offer a Free Consultation when you file the complaint with us. 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 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.