LexaTrade Review: Avoid This Scam Forex Broker

Contact with the broker via email, in our opinion, is great because we got the desired response in the expected time. Nothing suggested that LexaTrade cheat their customers with tricky terms and conditions. Each account type comes with its own set of perks, with the higher account types offering the best perks and benefits. We use dedicated people and clever technology to safeguard our platform. They even have affiliates who individually promote platforms to others and force them to invest maximum money. It does not spread LexaTrade lie, because users who attract a new client to the company will receive a bonus of half the deposit of the attracted trader.

If you are a beginner investor and decide to open your first account on the exchange, for a successful start, you need to find a stable and reliable investment broker. You need a partner who will help you navigate the flow of information, understand how the market works and what points to pay special attention to. Information about withdrawals is missing and this should be addressed by LexaTrade. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. Brokers required various licenses and regulators’ approval to serve investors and traders. Overall this is a promising broker but a few tweaks here and there would make it a better one.

Either balance gets zero or unable to withdraw funds due to invalid reasons. But Lexatrade is severing the whole world through its website. It is registered in Saint Vincent and the Grenadines which makes no sense.

This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. The domain name of this website has been registered several years ago. In general, the older the website the more trustworthy it becomes. However, scammers sometimes buy existing websites and start doing their evil thing, so please make sure you check for other scammy attributes as well.

It is also noted that it is impossible to contact the technical support service of this brokerage agency. These reviews about LexaTrade fraud also mention some problems with registration and lexatrade.com login. Possible, they are written by the competitors in order to spoil the company’s reputation. A critical aspect of any online trading platform is the transparency and efficiency of its deposit and withdrawal processes.

LexaTrade – scam or a reliable company?

1. They entice with promises of doubling the deposit within 24 hours and similar claims.
2. It also does not hurt to talk to more experienced traders who have already had a real experience of interacting with the chosen firm.
3. Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc.
4. The brokerage company LexaTrade login is an organization with many years of experience that provides traders with services within their electronic system.
5. So don’t use this platform and research well before choosing a such platform.
6. Today, the broker positions itself in the foreign exchange market as one of the most successful.
7. These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform.

When accessing pornographic websites, we recommend utilizing VPNs and taking utmost caution. Several red flags surround LexaTrade, fueling suspicions about its legitimacy. A primary concern is the absence of clear regulatory information.

I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time. I did not notice any problems with this broker, with the exception of sales managers. They are a little more aggressive than necessary.But why am I seeing a lot of negative reviews about Lexatrade?

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1. LexaTrade charges a service charge of 5% when customers has made less than 5 independent transactions.
2. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader.
3. LexaTrade has a referral program in which you’ll receive up to 50% deposit amount as a commission.
4. They even have affiliates who individually promote platforms to others and force them to invest maximum money.
5. The support team is problem-solving and responds quickly, so the overall communication with the team was great.

One of the primary concerns with LexaTrade is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. While regulation alone does not determine a scam, it is an essential factor to consider. Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds. You should also contact your bank as soon as possible and let them know about your issue. 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.

Moreover these personal manager act as LexaTrade affiliates who enforce clients to deposit more on their platform. LexaTrade has a referral program in which you’ll receive up to 50% deposit amount as a commission. We are back with our unbiased review of LexaTrade, an online trading broker company. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. LexaTrade presents itself as an online trading platform, offering users access to various financial instruments, including forex, cryptocurrencies, stocks, and commodities.

The promise of guaranteed profit in the absence of restrictions on deposits. The main feature of the financial pyramid is the offer of “free cheese in a mousetrap.” We can’t find much information at the lexatrade.com site. Broker Complaint Alert helps victims of investment fraud, forex scams, crypto scams, and any type of fraud that happened to you. We have helped and guided thousands of people every year. LexaTrade provides a range of account types, each with distinct features and minimum deposit requirements.

Lexatrade offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are popular among traders due to their advanced features, which are defined below. Are you a marketing guru with a passion for protecting consumers?

Is LexaTrade the Right Choice for You?

For a smaller or starting website a low ranking can be considered normal. Recently I decided to finally invest money in the lexatrade scam securities market. The most important thing is that the money came without cheating.

lexatrade.com Reviews

LexaTrade provides access to popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. LexaTrade began by managing cash transactions in real-time trading using PAMM accounts. Over time, it has grown and developed advanced trading solutions and a variety of financial instruments, becoming a well-known online brokerage brand.

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Suggested companies are based on people’s browsing tendencies. Claim your profile to access Trustpilot’s free business tools and connect with customers. Lexatrade is a scam company and it is going to close sooner. We diminished the review score of the website as it is using registrar facilities also used by many websites with a low to very low review score. High end domain registration bureaus have an extensive “Know your customer” process.