Lower deposits, more information about deposits and withdrawals, a basic FAQ, and a demo account are just a few adjustments that would go a long way and would make LexaTrade a higher-tier broker. That being said, they are very new at the time of this review, so there is time for improvement. 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. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker.
- ScamAdviser is on the hunt for a creative B2C Marketing Manager who can turn ideas into impactful actions.
- Kingsley Cole, A young and brilliant guy, called me and gave me the details via skype video call, email and normal call, I adhere to what he told me and I am experiencing it in a positive way.
- Information about withdrawals is missing and this should be addressed by LexaTrade.
- Note that the xCritical platform is especially popular among company users.
- Lower deposits, more information about deposits and withdrawals, a basic FAQ, and a demo account are just a few adjustments that would go a long way and would make LexaTrade a higher-tier broker.
Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back. So don’t use this platform and research well before choosing a such platform. As per LexaTrade conditions, if the referred client makes a deposit between $500 to $10,000, then 50% of it will be the referral bonus. LexaTrade charges a service charge of 5% when customers has made less than 5 independent transactions.
LexaTrade has a referral program in which affiliates receive up to 50% of the deposit amount as a bonus. The LexaTrade broker also offers attractive bonus programs. New broker users have the opportunity to get insurance against losses for one trading day. The company compensates the trader for losses ranging from 500 to 5,000 USD.
LexaTrade Account Types
In order to correctly interpret LexaTrades review, you need to know how to distinguish a normal broker from a company that cheats people. If you own this website you can update your company data and manage your reviews for free. Its fraude company consists of lots of incompetent lexatrade scam employees in India who always make you invest with a false commitment and later they denied to keep their promises. They never give you money back by making you fool showing some policies.All contact numbers in their web sites are incorrect so that whenever you want to contact them they will not be available.
Suggested companies
Install ScamAdviser on multiple devices, including those of your family and friends, to ensure everyone’s online safety. Additionally, the lack of detailed information about the company’s headquarters and the year of establishment is troubling. Legitimate brokers typically provide such information to build trust with their users. The absence of this crucial data adds to the uncertainty and leaves users uninformed about LexaTrade’s background and stability.
Let this brokerage company be called unworthy, and we can prove that LexaTrade cheat is not. In this article, we will consider the main characteristics of this broker, as well as give an example of feedback about it. The conclusion of all transactions in the Forex market is done through an intermediary, which is why your success in the market depends on the correct choice of a stockbroker.
Reputable brokers typically operate under the oversight of financial authorities to ensure compliance with industry standards and the protection of traders’ interests. LexaTrade’s unregulated status raises doubts about its commitment to transparency and accountability. After going to the LexaTrade official site, you will be able to navigate easily to different sections with information about platforms, instruments, promotions, and LexaTrade login page.
How Do I Get Money Back From a Scammer?
To make it easy for merchants to conduct financial transactions, the developers created a convenient interface and an affordable system. In the network, you can find a small number of negative reviews about the company LexaTrade scam. Users write that the company simply deceives users by taking money.
- Since we are interested in transactions on exchanges, then we will talk about Forex brokers.
- Live chat support was available at the time of our visit but a bit slow to answer.
- These platforms are popular among traders due to their advanced features, which are defined below.
- An exchange broker works in the Forex market on behalf of and at the expense of private clients and companies.
LexaTrade Referral Program
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.
We identified an SSL certificate meaning that the data shared between your browser and the website is encrypted and cannot be read by others. SSL certificates are always used by legit and safe websites. Unfortunately scammers increasingly also use SSL certificates so it is no guarantee that you are visiting a reliable website. This can be considered low in relation to other websites from the website’s country. If you think this website should be very popular, please invest additional time in researching the company as this is suspicious.
With the transfer it is difficult, the money goes for a long time. I trade with some crypto platform not knowing they where sc! Am only happy because I found help after reporting to a recovery firm and they helped me recover all I lost to these fake crypto platform. My advice is that everyone need to be careful of the platform you deal with. If you have falling victim of these fake platform do not hesitate to file a complaint to Marketeace. Net this company helped me and I believe she can help you too.
Forex is a trade that has risen in popularity over the last decade. One of the first problems a novice trader faces is choosing a broker. You might think this is an easy task because all you have to do is look up brokers on the internet.
Therefore, you might sometimes see statements about why Forex is a scam, and you should not get involved in it. In this Forex review, we will try to see if LexaTrade fraud is made up by its competitors, and it is actually an honest broker. The charges are higher compared to the platform we have reviewed so far. The spreads vary on the account type and the instrument traders trade in.