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He saves me and I believe he can also save others who have run into loss. They even have affiliates who individually promote platforms to others and force them to invest maximum money. Many people have complained that LexaTrade has locked or stolen their funds.
For starters, the first two accounts are borderline unusable. The asset access is limited, your withdrawal requests are low priority, and the spreads are extremely high. We’re nearly certain the broker made the accounts just to seem more open. The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review. However, you can only unlock MT4 after depositing $10,000.
I used to trade in crypto, then I moved to the foreign exchange market. And stay alert, scammers like lexa trade are present here too, misguiding the public. They encourage you to extract maximum amount from you and then open deals conveniently to bring you down to “ALL RED” and refuse to return a single penny. When trading stocks, CFDs, or other derivatives, consider whether you understand the function of differential contracts and be aware of the high risk of losing your funds.
Is LexaTrade A Scam?
Either balance gets zero or unable to withdraw funds due to invalid reasons. Moreover these personal manager act as LexaTrade affiliates who enforce clients to deposit more on their platform. But considering various reviews, we found that their so-called experts have very less knowledge and most trade signals are loss-making. LexaTrade charges a service charge of 5% when customers has made less than 5 independent transactions. 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.
So there’s the argument that some regulation is better than none, and that does hold up. But there’s also the fact that while it’s better than nothing, it’s not a significant improvement. So the regulation may impose negligible limits on the broker while generating a false sense of confidence for potential customers.
The same goes for visuals, as the various elements are glaringly mismatched. It looks like the broker took stock images, put them in boxes, and called it a day. Of course, broker appearance is nearly entirely irrelevant, but our point is that Lexatrade looks like something hastily put together. ThatSucks.com will not take any responsibility for any loss or damage derived by accusations or negative comments made by random individuals.
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. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back. The case with its funding is much of the same, as there are some things that look good. For starters, there’s the fact that the cheapest account doesn’t require a huge deposit. Also, the spreads on the VIP account are relatively tight. We aren’t the biggest fan of the huge jumps between the sums you need for different account types.
Therefore, for some people it will always be like a scam. There is even nothing to be surprised at in such comments. But at the same time, for people with a head on their shoulders, Lexatrade is quite a working tool. Lexatrade customer service is bad, the account managers are irresponsible please becareful to use them, they are so frustrating. Since they persuade to open account, after I do know of them attend to my email again.
The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Lexatrade has provided very less information about its organization. It is registered in Saint Vincent and the Grenadines , a kingdom of thousands of shell companies. LexaTrade has a referral program in which affiliates receive up to 50% of the deposit amount as a bonus.
The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge. It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable. I was so frustrated and giving up on my money when Mr. Tony Luis came to my rescue and helped me out with the issue. I would have been in a big mess if I had not met Mr. Tony Luis ( ) personal email, I wish to recommend Mr. Tony to anyone in recovery of loss.
Investizo Broker Review (Updated
The server operator Almina Corp as is not a registered broker, investment advisor or broker. LexaTrade ensures that all client lexatrade review funds are kept in a segregated account from the company’s funds. Protect your account by adding an extra layer of security.
It allows them the greatest reach, as the primary concern with the accounts is budget rather than trading style. That means the accounts suit most strategies, and as such, can attract diverse groups of traders. There are also other newbie-baiting features, such as the bonus that Lexatrade offers. A deposit match isn’t inherently 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.
xCritical Mobile App
All Ip’s are checked and marked for further inspection. Avoid abusive language and personal attacks, directed either at the broker or the author. Sir / madam in this regard I searched the company address of India.
- One fact that’s relieving and concerning at the same time is the broker’s choice of the regulator.
- The cheapest option is $250 while the most expensive is $100,000.
- But considering various reviews, we found that their so-called experts have very less knowledge and most trade signals are loss-making.
- This is taking into account my caution, I don’t buy everything in a row, I carefully monitor the news.
As per the whois data, the domain Lexatrade.com was registered in September 2018, and according to similar web data it has around 13k monthly traffic from Kenya (60%) and India (26%). There is no solid information about the founder of LexaTrade and its parent company. Within a few years of its https://forex-review.net/ establishment, LexaTrade expanded its services to different countries around the world. 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.
They are asking more money to upload to enable my account and not returning the amount that i have already uploaded. There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website. There is no mention of an inactivity fee but we cannot guarantee that you won’t be charged one. Live chat support was available at the time of our visit but a bit slow to answer.
LexaTrade Account Types
But Lexatrade is severing the whole world through its website. It is registered in Saint Vincent and the Grenadines which makes no sense. At a glance, it seems amazing platform and opportunity to earn trading profit with LexaTrade experts.
Regulation
Lexatrade offers the MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are popular among traders due to their advanced features, which are defined below. Lexatrade has five different account types covering budget and high-end options. The broker uses a tiered account progression where each type requires you to reach a specific threshold.
The commission is based on the size of the transaction and ranges from 0.005% to 0.015% for most instruments, while it is 0.5% for cryptocurrencies. 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. However, better options are present online, and it’s easy for most traders to switch.
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. Lexatrade is new forex and CFDs brokerage that primarily operates in Europe. It opened just earlier this year and has attracted a good bit of attention as such. In our Lexatrade review, we’ll look at how beneficial it is for customers compared to other options.
Even when individuals reach Lexatrade for this, Their customer executive encourages upgrading the account type to get funds back. Lexatrade offers personal account managers to its users and they help in trading. If a trade position is kept open and carried over to the following day, a commission will be charged to the trading account for using the credit.
