Lexatrade Review Is it good, or is it a scam?

We unbiasedly review every broker and rank them based on their market standing, regulation, and other factors. Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice. After analyzing the detailed LexaTrade review, we can say the company is totally a scam. The platform offers a long list of trading instruments, is regulated and most importantly, is not a scam. And has global presence with headquarters at Beachmont Business Centre, Suite 39, Kingstown, Saint Vincent and Grenadines. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types.

Lack of informamarkets60n is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with. We would like to see some real feedback from traders to even think of trusting Lexa Trade broker. There are no reviews or feedback at all regarding the services offered by this broker.

How To Open An LexaTrade Account?

Additionally, the one thing that I disliked about the platform is that its standard account holders don’t have access to Cryptocurrencies. The account offering is appreciable but it still lacks at some points. Of course, the broker has options for downloadable terminals, web platforms, and mobile apps. I used to trade in crypto, then I moved to the foreign exchange market. Lexatrade customer service is bad, the account managers are irresponsible please becareful to use them, they are so frustrating. Since they persuade to open account, after I do know of them attend to my email again.

Cheapest and most expensive aren’t the most precise terms, as there’s no actual cost attached to the account. However, we can’t neglect the fact that $100,000 is a hefty sum and isn’t something anyone can reach. Lexatrade is new forex and CFDs brokerage that primarily operates in Europe.

What Trading Platforms Are Available On LexaTrade?

It is registered in Saint Vincent and the Grenadines , a kingdom of thousands of shell companies. https://forexhero.info/ customer support is very impressive as it offers full-time support with 24/7 operating hours. Please be noted that all informamarkets60n provided by ThatSucks.com are based on our experience and do not mean to offend or accuse any broker with illegal matters. All informamarkets60n should be revised closely by readers and to be judged privately by each person.

Topics around the financial markets are explained well and the videos are both entertaining and educating. Perhaps the best part is that anyone that signs up with them can watch the tutorials and there are no hidden clauses. Leverage and spreads change from time to time, for accurate figures, you have to contact the support team. 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. Live chat support was available at the time of our visit but a bit slow to answer.

The user-friendly UI of the platform caters to the needs of both beginner and professional alike. In-depth look at the platform with our detailed LexaTrade review.

Video courses and E-books, while the questionnaire section offers all the questions related to customer’s feedback on the platform. The promotion is applicable for deposit amounts ranging from $500 to $5,000. IFMRRC stands for International Financial Market Relations Regulation Center. It’s a non-commercial organization that regulates about 60 brokerages.

Nearly all brokers will give you a raw deal if you fail to read their ToS regarding their deposit bonuses. 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. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice. Lexatrade has potential, but it also has a lot of things bogging it down and making numerous questionable decisions. For starters, the first two accounts are borderline unusable.

Is LexaTrade A Scam?

Despite this, it is an off-shore broker restricted to operate in the US and Europe. Yes, LexaTrade is a scam broker as it is not regulated by any top tier regulatory watchdog. Comprehensive evaluation of LexaTrade’s offers and services. The same goes for visuals, as the various elements are glaringly mismatched. It looks like the broker took stock images, put them in boxes, and called it a day.

Of course, broker appearance is nearly entirely irrelevant, but our point is that Lexatrade looks like something hastily put together. 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. The broker can be reached through multiple channels, including phone line and email. The LexaTrade referral program activates when you invite your friend to sign up for the platform. For each successful deposit your friend made, you’ll receive up to 50% of the entire amount.

Bonuses and promomarkets60ns plus unfavorable trading terms

On request for withdrawal of USD 400, I was advised to open a del in sell segment of Natural Gas with USD196 than my entire balance gone negative. Even the personal manager engaged for help do not bother for small traders. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified. Information about withdrawals is missing and this should be addressed by LexaTrade.

• Perhaps we’re being too harsh since if you know what you’re looking for, you’ll find it.
• While looking for the platform on Trustpilot, we went through many complaints, which indicate LexaTrade is a scam.
• It opened just earlier this year and has attracted a good bit of attention as such.
• It seems like the website wasn’t designed in English, but rather translated from another language.

The broker’s offer does actually seem decent enough, but the presentation isn’t up to par. We’ll see if the broker’s functional prowess ends up improving what we think. But Lexatrade is severing the whole world through its website. It is registered in Saint Vincent and the Grenadines which makes no sense.

How To Delete LexaTrade Account?

For us, the elephant in the room when visiting lexatrade.com is how clunky the language is there. It seems like the website wasn’t designed in English, but rather translated from another language. We know some brokers like to take that approach, and it usually works moderately well. However, the translation itself is shoddy, so the website ends up looking unprofessional. I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time.

The promomarkets60n is applicable for deposit amounts ranging from $500 to $5,000. The insurance covers upto 100% of total loss on all trades opened on the deposit day. MT4 is probably the world’s most renowned trading platform for Forex.

The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. The broker offers a dedicated section for research support, namely Traders Centre. Under the section, you’ll find a long list of advanced trading tools, which can help you trade more efficiently. I have just started, so far I am good with the trading tools.

The minimum deposit at LexaTrade is $250, a slightly higher in this competitive world, with many offering accounts opening at $0. Video courses and E-books, while the quesmarkets60nnaire secmarkets60n offers all the quesmarkets60ns related to customer’s feedback on the platform. This feature provides 100% insurance on the deposit amount.

LexaTrade Withdrawals

It opened just earlier this year and has attracted a good bit of attention as such. In our lexatrade review review, we’ll look at how beneficial it is for customers compared to other options. But at the same time, for people with a head on their shoulders, Lexatrade is quite a working tool.

• The case with its funding is much of the same, as there are some things that look good.
• And even then, you only get the web version, and you need the $50,000 account for the full unlock.
• Even when individuals reach Lexatrade for this, Their customer executive encourages upgrading the account type to get funds back.
• Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest.
• Lexatrade offers personal account managers to its users and they help in trading.

And if you’re already depositing that much, there are many brokers that do what Lexatrade does but better. So there’s the argument that some regulation is better than none, and that does hold up. But there’s also the fact that while it’s better than nothing, it’s not a significant improvement. So the regulation may impose negligible limits on the broker while generating a false sense of confidence for potential customers. Unfortunately, when a broker looks like it’s a rushed project, it’s often a scam. That isn’t an exact rule, but it’s something we’ve found to be true more often than not.

They make false promises and convince you to invest money with a minimum amount of $250 once u visit the site. They will do registration before even u cud understand them. N then…u r trapped… B sure ..ur money is gone within days… I lost my 250 dollars within night. At the start they will tell u that they give 100% Insurance over the capital amount bt it’s big lie… They won’t give u even a penny.