However, its regulatory shortcomings, high trading costs, and numerous user complaints make it a questionable choice for anyone prioritizing safety and transparency. It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need lexatrade scam to tread carefully. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified.

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It uses a license from a regulated company (they almost have the same name) or gives a invalid license number. Also pay attention to licenses from offshore countries such as the Marshall Islands or Saint Vincent and The Grenadines but isn’t just these fraudulent countries, there are several. The review site, “The Forex Review”, is the site that has been able to give many details. While the founding year had not been revealed, the site did say that the broker is a business entity under the Swissone Group Ltd., which operates within St. Vincent and the Grenadines.

• All of our reviews are based on research carried out by professionals.
• These are the reasons why LexaTrade has earned the trust of its global customers.
• Scammers build fake platforms, use fake names, and promise quick profits.
• The financial products offered by the companies listed on this site pose a high risk and can lead to the loss of all your funds.
• While the platform appears well-structured on the surface, a closer examination reveals troubling details.
• The personal posts on LexaTrade’s timeline range from the banal and straightforward to the detailed and educated would leave a bad taste in your mouth.

LexaTrade Referral Program

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 has a referral program in which affiliates receive up to 50% of the deposit amount as a bonus. But we are skeptical about most activities and claim made by LexaTrade. We use dedicated people and clever technology to safeguard our platform. LexaTrade ensures that all client funds are kept in a segregated account from the company’s funds. EvenInsight.com is a venture of Even Insight Technology and a website for cyber security and analysis.

Security Analysis

• As of could have told early that this is the way in forex trading would have never gone….
• Even in case of LexaTrade’s proprietary platform absence, MT4 and the xCritical Platform are already enough to turn any trading endeavour into a profitable activity.
• All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker.

Its first year of operation revolved around managing cash transactions in real-time trading using PAMM accounts. It then enhanced its offered trading solutions and its trading assets and instruments in the following years and groomed itself to become an emerging online brokerage brand. Now daily some 10 people call me to start trading and if I say I am not interested they wont le t me go. It should be made clear that Lexa Trade does not hold an individual broker license. On the other hand, the company under which they rely on seems to be overseeing several other entities which provide financial services under one license owned by SwissOne Group Ltd. For those that are victim of online investment scam, i will recommend the help of janesilva0727 g mail com a recovery expert who helped me in getting back all my lost funds.

LexaTrade Review: Honest Feedback on a Global Broker

Moreover these personal manager act as LexaTrade affiliates who enforce clients to deposit more on their platform. Lexatrade charges a spread on trades, which is the difference between the buy and sell price of a financial instrument. The spread varies depending on the account type and the financial instrument being traded. Lexatrade claims to prioritize the safety of its client’s funds.

What To Do If You Were Scammed

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. I stongly recoonamd everyone to dont waste money with this fraud company.

LexaTrade Forex brokers reviews are all over the Internet as proof of broker’s reliability and professionalism. Despite meeting all requirements, accessing my funds has been an agonizing ordeal. Communication is practically nonexistent, with support offering generic responses that do nothing to resolve the issue.

Tickflow Review

LexaTrade cites certification by the International Financial Market Relations Regulation Center (IFMRRC) as evidence of regulatory oversight. However, the IFMRRC is a self-styled organization without statutory authority, offering certification for a fee rather than enforcing compliance through legislative mandate. The IFMRRC’s governance structure, funding sources, and oversight practices lack transparency, and it has been flagged by external domain-analysis services for low trust indicators. In terms of security, LexaTrade uses SSL encryption to protect sensitive data, which is standard for most brokers. This encryption ensures that your personal and financial information remains private when making deposits, withdrawals, or logging into the trading platform.

LexaTrade broker might just be another victim of either ignorance or outright fabrication. While LexaTrade reviews may be considered to topple the negative bandwagon against forex broker, it does not change that all reviews found online are polarizing and altogether divisive. Being a global broker, LexaTrade has earned the praises of its clients and the ire of its detractors. Many critics have praised this broker for several reasons, while a select few spread libelous claims to destroy its reputation.

It provides explanations to forex movements, IPO announcements, currency forecasts. U.S. dollar and political events in the United States are only some of the regular topics in LexaTrade Review economic news. LexaTrade forex broker will give you a 70% welcome bonus and medium priority for withdrawals if you choose a gold account.

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. Other negative reviews listed on TrustPilot also detailed circumstances that unfortunately happen in markets but do not fall under broker’s control. LexaTrade official site provides a brief overview of every financial market, prioritizing currencies, commodities, and indices/shares. These are some of the most widely-traded markets by investors worldwide. LexaTrade ensures that their clients have sufficient knowledge about them before they begin trading.

XCritical is a convenient alternative to desktop and web platforms. Its portability allows clients to trade anytime and anywhere without hassle. You can open positions, check your account, execute trades without delay. It is an innovative approach to trading in a busy, hectic world. Using XCritical mobile app, you can set stop loss, take profit levels, track the movement of various assets’ quotes, know currency forecasts, and check your account balance at any time. LexaTrade’s MT4 web terminal is a safe, secure trading platform that uses advanced technology and high-quality terminal work.