However, fees and spreads may vary depending on the account type and the asset being traded. The spread on major currency pairs such as EUR/USD is relatively low, but the spread may widen for less liquid assets. TrustPilot, one of the most reliable reviewers on the web, rates LexaTrade 4 out of 5 stars. Approximately 95% of all client reviews on this website are positive. The remaining few were negative ones with an obvious goal, which is smearing LexaTrade’s reputation.
Trading Platforms & Tools
- Using a Start account, you can trade in currency and cryptocurrency markets.
- LexaTrade has certainly made it big in the trading industry, so let’s find out what makes it a cut above the rest.
- A reputable broker should be transparent about its fees and services.
- Lexatrade offers several platforms, including its proprietary web platform and the widely-used MetaTrader 4 (MT4).
- Keep reading the LexaTrade rezension to know more about Forex broker, its services, and real reviews on work.
Given the abundance of warning signs, potential investors are advised to avoid LexaTrade. Numerous reports indicate that this platform may be a scam, with serious issues related to funds accessibility, aggressive tactics, and regulatory opacity. For those looking to enter the trading market, many reputable and transparent platforms offer safer and more secure services. With the surge of online trading platforms, the potential for scams has also grown, and LexaTrade has emerged as a broker raising serious concerns. In this review, we’ll examine why users should exercise extreme caution if considering LexaTrade.
Utilizing Risk Management Tools
It is unnecessary to wait for some news, and the market is moving unpredictably. However, LexaTrade reviews found online do not always lean toward negative. There are also broker review sites that speak well about the broker. Most of these positive reviews describe bonuses and promos. These online venues are unfiltered and, at times, uninformed and misguided. Unsubstantiated LexaTrade reviews in social media cannot be grounds for an objective assessment of broker work.
Kanak Capital Markets
One more thing, I found out that brokers registered in offshore countries such as the Marshall Islands or Saint Vincent and The Grenadines, and this threatens me. But of course, with the online reviews altogether polarizing, how does one filter the truth from fabrication? As I could have told early, this is how forex trading would have never gone…. “I am very cautious about this type of advertising on the Internet, but LEXATRADE platform was advertised by Robert Lewandowski and I thought that this is a guy you can trust.
- You should only engage in any such activity only if you are fully aware of the relevant risks.
- Of course, there are questions, but everything is successfully resolved after correspondence with tech support.
- With a sharp eye for detail and years of experience, I try to provide concise and insightful assessments of various forex brokers.
- Trading with LexaTrade lets you invest in globally-traded assets like U.S. oil, Brent, and spot gold.
- Platinum account of LexaTrade broker takes the advantages and perks of previous accounts to a higher level.
Creating And Verifying Your Account
I stongly recoonamd everyone to dont waste money with this fraud company. I have invested the amount and I am unable to login and withdraw my money. Introduction Contracts for Difference (CFDs) allow traders to speculate on the movement of asset prices…
Lost Money To LexaTrade?
Users advise LexaTrade to review their minimum deposits against the offers found in each of their trading accounts. Because LexaTrade has no oversight, there is no protection for clients’ funds and no independent organization checking its activities. Many fraud cases come from unlicensed brokers or fake investment platforms, making fund recovery very difficult. LexaTrade promotes features such as deposit insurance, negative balance protection, and robust AML/KYC guidelines. In reality, these protections are linked to the IFMRRC’s private compensation fund, which does not carry the backing of any public agency. The eligibility criteria, coverage limits, and claims processes are determined solely by a non-statutory entity, leaving clients without enforceable rights under any government-sponsored scheme.
LexaTrade has certainly made it big in the trading industry, so let’s find out what makes it a cut is lexatrade legit above the rest. LexaTrade is a multi-asset broker whose wide range of services and financial instruments established its reputation. It is a trading brand of Swissone Group Ltd. based in Saint Vincent and Grenadines.
Is LexaTrade a scam broker?
The lack of webinars and trading courses makes the broker unsuitable for beginners. However, there are plenty of market analysis tools available, including economic calendars, news events, and market insights. There is a dedicated section on the website to access all these features. The website of LexaTrade is simplistic but responsive and modern. Users can quickly navigate around and find all the details needed to understand what the broker has to offer.
False Claims: Analyzing Negative LexaTrade Forex Brokers Reviews
Fill in the form below to get a free consultation with experts who may help you trace your funds. LexaTrade claims to offer financial services online, but it has no valid license from any trusted financial authority such as the Financial Conduct Authority (FCA). 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.
Below are only some of the LexaTrade broker reviews written by legitimate clients on the website of TrustPilot. Trading accounts offered by LexaTrade are categorized into different types of traders. They were set specifically for catering to beginners, intermediate, professional, advanced, and expert traders. According to LexaTrade official site, the broker provides up to five account types.
The first thing you should check before investing online is whether the company is regulated by a top-tier regulator. Regulation helps protect investors and ensures a level of oversight and accountability. Always use licensed platforms, double-check claims, and walk away if anything feels off.
E continue to force me to deposite more but i denied so he opened very huge position so i lost all capital so he tell me that thats why i told you to deposite more. After few weeks i got call & said we will recover all you money & for that they give me some credits & with help of that credits my ac agind reach to $1800. But after that they start again force me to deposte $1000 but i said let me give frst my initial capital of $250.
Registration in offshore zones for some traders is a red flag. But then, it must be noted that the success of trades is not necessarily reliant on the type of broker that a trader enlists but on strategies that they employ. And for sharpening and improving strategies,the broker offers many possibilities and tools. Here you can train as a beginner and sharpen your strategies if you are an experienced Forex trader. Unlike other companies I have worked with, this one really provides high quality service with no pitfalls. Yet they have good SMS signals which was important to me.