Lexatrade Reviews Read Customer Service Reviews of lexatrade org

The promotion 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. We are here to conduct a comprehensive evaluation of LexaTrade’s offers and services for the most in-depth and unbiased verdict. There are way too many categories on lexatrade.com, and navigating around the website is challenging. The dropdown menus have vague names, and as such, the categories inside them seem almost arbitrary.

Can’t see your question? Ask to get answers from the Lexatrade staff and other customers.

However, it’s apparent that it’s much less limiting than even the more lenient country-based regulators. 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. It goes against our guidelines to offer incentives for reviews.

What is the LexaTrade minimum withdrawal limit?

If you’ve been following our detailed Lexatrade review 2024, you have likely noticed the platform has not much to offer to its users. The broker’s low user ratings of 2.1, which shows the platform’s low credibility. Rather than opting LexaTrade scam, we recommend you to incline towards a more trusted platform like InvestFW.

Fund and Account Security

They can open positions, execute trades quickly, and monitor their account balance from anywhere, at any time. Whether a beginner or an experienced trader, the XCritical mobile app is a great way to enhance your trading experience. The broker offers different types of accounts to its clients for better trading experience. As we are wrapping this in-depth LexaTrade review, the only thing I would say is to avoid this platform. The broker is unregulated and has a lot of disadvantages which overshadows its genuine features, such as high spread charges. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means they are unregulated and should be avoided.

A web-based proprietary platform is offered by LexaTrade, such as MetaTrader4 and LexaTradeapp – xCritical Mobile App. While the platform offers a considerable service, we still advise to choose among legit brokers like InvestFw. 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. 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.

A mobile platform is available but Demo accounts are not; US traders are not accepted. 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. Trading platforms offered by LexaTrade are MetaTrader4, XCritical Mobile app, and LexaTrade WebPlatform. Fill out the application form with your personal information, including your name, mobile number, email address, and a secure password.

To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. Even the withdrawal speeds increase as you go up to the higher accounts. And without the broker specifying the times, who knows how long it might take for you to get your money. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back. That means the accounts suit most strategies, and as such, can attract diverse groups of traders.

There is not a single complaint regarding the same, so, we can rate it good in this case. MT4 is one the world’s most famous and reliable trading platforms for Forex. The user-friendly https://turbo-tax.org/ UI of the platform helps both beginner and professional alike. Yes, LexaTrade is a scam dealer because it isn’t always regulated by way of any top tier regulatory watchdog.

1. The parent company of LexaTrade is Swissone Group Ltd, located in St. Vincent and the Grenadines.
2. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker.
3. For starters, there’s the fact that the cheapest account doesn’t require a huge deposit.
4. 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.

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Its fraude company consists of lots of incompetent employees in India who always make you invest with a false commitment and later they denied to keep their promises. Even i have raised my concerns in their portals but no actions were taken. LexaTrade is a Forex and CFD dealer that offers to alternate in currencies, indices, and commodities.

If they delay it for a few months, you might no longer be able to get your money back or even file a charge back. Brokers that are not regulated mostly operate in the following manner. They will reach out to people through various means like phone calls, or social media; to persuade them to make the initial minimum deposit.

The broker uses a tiered account progression where each type requires you to reach a specific threshold. The cheapest option is $250 while the most expensive is $100,000. There are also other newbie-baiting features, such as the bonus that Lexatrade offers. A deposit match isn’t inherently how genuine is lexatrade a bad thing, but it’s commonly used by malicious brokerages. That’s especially true if the bonus goes as high as it does at lexatrade.com. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader.

The platform supports  bank wire, credit /debit cards, Skrill, Neteller and OrangePay for both deposits and withdrawals. And that’s without mentioning our hunch that the broker isn’t entirely honest. Altogether, it’s just a middle-of-the-pack broker, and there are a ton of similar companies out there.

You should avoid such brokers, as they are a threat to your money. It has likely happened to many others, and it its important to learn from these experiences. We assist customers with documenting the case against trick representatives. With insightful reports and direction, we can help recover your assets.

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. The broker set up strict payment procedures for the safety of the trader’s funds and to prevent financial theft.

IFMRRC stands for International Financial Market Relations Regulation Center. With their 24-hour client service team, you can get the support you need whenever you need it. It offers a diverse range of payment options ranging from bank wire transfers to credit/debit cards, from Skrill to Neteller. In order to attract more traders on the platform, LexaTrade often starts promotions.

It doesn’t do anything to stand out, and the vast majority of traders can easily find an option that’s both more comfortable and more powerful. However, better options are present online, and it’s easy for most traders to switch. Again, as we said earlier in our Lexatrade review, the broker doesn’t do anything that sets off alarms.

This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. Investing in indices such as NAS100, EUR50, JPN225, and USA30 provides several advantages to traders who are interested in index trading. Lexatrade ensures high-grade security measures for all the services it provides, to secure client’s funds. Get help in forex scam recovery, crypto scam recovery, binary scam recovery, romance scam recovery, and also get a free consultation. We suggest investors stay away from this broker and go for the genuine one. If you have been a victim of LexaTrade scam or any other broker, do not feel embarrassed.

That being said, caution should be used anytime money is involved, with all brokers, old or new. We will help you present your case to your bank, credit card company, and cryptocurrency merchants. But first, you must have evidence of the scam as proof that you haven’t been able to make a withdrawal. If LexaTrade is doing any of these things to avoid releasing your funds, do not hesitate to leave a comment to warn others. LexaTrade allows you to contact them through telephone contact and email.

We check the account with its corresponding depositand leverage. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. There is also a chance to become a victim of Identity theft, experiencing many more problems consequently.

The deposits are processed instantly, while withdrawal may take up to 3-5 business days. 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. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker.

However, it holds a licence from the International Financial Market Relations Regulation Center. Despite this, it’s miles an off-shore broker limited to function within the US and Europe. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. The platform is somehow new in comparison to some reliable names dominating the forex industry. However, it garnered popularity among traders with its one-of-a-kind features and the services.

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