Is LexaTrade a Scam? Read This Brutally Honest Review

Due to such malpractices At the end the investor suffer financially & mentally. As I am writing, my $2,500 invested is still with them. Infact they no longer answer my mails, they removed their Skype details so can’t reach them except through mails which they won’t reply you. They told me to trade till I got to a certain trading turnover which I achieved within two months.

The quality of the platform’s trade execution is certified by the Verify My Trade independent examination. Olymp Trade has repeatedly received international professional trading community awards. Whether you prefer trading at your desk or on the go, Olymp Trade has got you covered.

lexatrade.com

CopyFX – a copy trading investment platform from RoboForex group. You want to earn money on the Forex market, but do not want to delve into the intricacies of financial operations, or simply do not have sufficient experience to trade by yourself. CopyFX offers you an opportunity to work with experienced traders and copy their orders to your account. You successfully trade on the Forex market and don’t mind sharing your experience with others, but you’re not confident enough that you’re ready to take responsibility for other people’s money. After becoming a CopyFX Trader, you can continue your trading activity and receive a commission/percentage from Investors for copying your transactions. Explore and trade major, minor and exotic currency pairs with efficient spreads.

The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. Lexa Trade is a forex broker with trading platforms of xCritical Mobile App, Metatrader 4 and proprietary Web Trader. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. A mobile platform is available but Demo accounts are not; US traders are not accepted. Overall this is a promising broker but a few tweaks here and there would make it a better one.

Our management has visited over 120 cities globally to understand clients’ and partners’ needs. Our clients can choose to trade forex and CFDs on stock indices, commodities, stocks, metals and energies from the same trading account. With a wide range of trading instruments available from a single multi asset platform XM makes trading easier and efficient. All our systems are built and updated with the client in mind. Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients.

LexaTrade Review

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Our experience of over two decades has helped us to integrate our knowledge and expertise in the broking industry with the technology we provide to our retail clients through various platforms. Angel One offers a safe, seamless, online share trading platform. This stock trading application helps in tracking your investments online. Expert research for technical analysis and portfolio maintenance services. Open lifetime free demat account & trade instantly at zero brokerage on delivery trade and trade across all segments.

FP Markets

In my past experience my deals had been making money and so I picked those deals. The difference this time was that i had made the first request for withdrawal of some funds. In a few weeks, we managed to increase the deposit by 15-17%. This is taking into account my caution, I don’t buy everything in a row, I carefully monitor the news. Lexatrade offers full-time support with 24/7 operating hours.

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. 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. Furthermore, while there are some solid conditions, they all come with high price points. And if you’re already depositing that much, there are many brokers that do what Lexatrade does but better. Of course, the broker has options for downloadable terminals, web platforms, and mobile apps.

Is LexaTrade a Scam? Honest Review 2023

Nevertheless, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. Our final verdict is that LexaTrade is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers. Dukascopy Bank is based in Geneva, Switzerland and is the Head Office of Dukascopy Group.

With a variety of methods to deposit funds makes it easy with no delays to deposit and start your trading since markets are moving fast. Our servers are located next to the Trading environment for almost zero delays when trading. Our infrastructure utilizes modern solid-state drive technology, for a super fast trading experience. You are free to install any expert advisors, Indicators or plugins of your choice. Copy transactions of traders from around the world and benefit from their trading.

Alternatives to LexaTrade

One fact that’s relieving and concerning at the same time is the broker’s choice of the regulator. And if you’re unfamiliar with what IFMRRC is, we don’t blame you. Although we do daily broker reviews, we’ve never heard of it before. Lexatrade is a scam company and it is going to close sooner.

The spread varies depending on the account type and the financial instrument being traded. Generally they start their conversation in UK accent English Later in Hindi language to gain the trust of Investors. They use to do wrong trade, use to send misleading signals & when it comes to at loss then they disappeared. Not responding to the calls or not responding to client messages. They had told me that My all invested Amount are insured & Risk Free. I have many evidential communication by them through email and Skype is witness.

We created an unparalleled environment for online trading that enables us to provide access to a wide and highly diversified range of trading instruments from 6 different asset classes. Discover countless Forex trading opportunities with 80+ currency pairs, including major, Minor and Exotic or trade a multitude of commodities, metals indices, shares and futures. Plan your trades effectively with our wide range of free trading tools. Complete flexibility for traders of all risk appetites and trading volumes. All the best possible opportunities to diversify your trading portfolio.

Perhaps we’re being too harsh since if you know what you’re looking for, you’ll find it. However, for a newer trader, the website may look too daunting. We wouldn’t be surprised if entry-level traders couldn’t find their way around and simply decided to use another brokerage. 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.

We aren’t the biggest fan of the huge jumps between the sums you need for different account types. However, that’s a minor complaint, as what you get for each account is actually pretty fair for the price point. One more significant concern is that the broker locks the MT4 platform behind the more expensive account types. As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows.

You are right, lexatrade is unregulated offshore broker. Compare LexaTrade alternatives for your business or organization using the curated list below. SourceForge ranks the best alternatives to LexaTrade in 2023. Compare features, ratings, user reviews, pricing, and more from LexaTrade competitors and alternatives in order to make an informed decision for your business. I used to trade in crypto, then I moved to the foreign exchange market.

• Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market.
• Our services are based on transparency, innovation, and efficiency, ensuring an unparalleled trading experience for all.
• The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client.

Variety of trading tools, automatic signals about profitable deals. Bonus programs, low spreads, 0% commission, multi-language call center. This means that when you open an account with $5,000 dollars, we will add to your account another $1,500 dollars. Trade and invest freely from anywhere on the planet with LexaTrade online platform using the high-tech functionality, speed, and profitability of the terminal. Caring for our clients, our company makes every effort to optimize the trading processes and services provided. For your convenient and effective trading, we have developed and implemented a new online platform.

We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. Sir / madam in this regard I searched the company address of India. Click the following links to hear the behavior of the executive’s in lexa trade.

The default proprietary https://traderoom.info/ is good enough, with an intuitive interface and a solid set of analytical features. As such, we can’t hold the deposit requirement for MT4 against the broker too much. But as we said, we don’t like paywalls for core features as a practice, although you may not mind them at all. Again, as we said earlier in our Lexatrade review, the broker doesn’t do anything that sets off alarms. But on a hunch, we wouldn’t call the security excellent. It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need to tread carefully.