This broker offers a balanced mix of functionality and user-friendliness. And besides, if you really want to do advanced technical analysis, LexaTrade offers Meta Trader 4 so you can have the best of both worlds. Each account type comes with its own set of perks, with the higher account types offering the best perks and benefits. We use dedicated people and clever technology to safeguard our platform. They even have affiliates who individually promote platforms to others and force them to invest maximum money. Members also engaged in health care fraud by having doctors issue unnecessary prescriptions for expensive compound cream, court papers say.

So don’t use this platform and research well before choosing a such platform. 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 charges a service charge of 5% when customers has made less than 5 independent transactions. LexaTrade provides access to popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. The conclusion of all transactions in the Forex market is done through an intermediary, which is why your success in the market depends on the correct choice of a stockbroker.

LexaTrade Broker: Reviews

In conclusion, while the promise of easy trading may be tempting, LexaTrade is fraught with risks that make it unsuitable for investors who prioritize security and legitimacy. Lexatrade offers personal account managers to its users and they help in trading. 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.

1. Lexatrade has gotten all my hard earn money stucked and refused to allow me make a withdrawal of my assets, I met a review on how csp_jaun (at) proton.
2. Today we are going to do a LexaTrade review and see whether this is another scam or truly a legit broker.
3. Forex is a trade that has risen in popularity over the last decade.
4. However, LexaTrade has been the subject of mixed reviews due to concerns about its regulatory status and business practices.
5. They even have affiliates who individually promote platforms to others and force them to invest maximum money.
6. However, scammers sometimes buy existing websites and start doing their evil thing, so please make sure you check for other scammy attributes as well.

User Opinions

They entice with promises of doubling the deposit within 24 hours and similar claims. After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds. The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises. Kingsley Cole, A young and brilliant guy, called me and gave me the details via skype video call, email and normal call, I adhere to what he told me and I am experiencing it in a positive way. I was more interested in stocks, but then I also invested a little in crypto.

Many traders express frustration and regret for choosing LexaTrade as their trading platform, indicating a consistent pattern of dissatisfaction and potential malpractice. This is a strong indicator that the website may be a scam.We rated using a computer program. The algorithm has scanned the website looking at the source code being used, terms and conditions, registry, location of the company and if the website has received many positive or negative reviews. Scamadviser uses all this information to create a trust score.Based on our analysis we gave this website a very low score. If a website receives a very low review from us, we really recommend you to double check if the site is not an online scam but really safe to use.

Lexatrade claims to prioritize the safety of its client’s funds. But we are skeptical about most is lexatrade legit activities and claim made by LexaTrade. LexaTrade fails to provide any information about its staff on its website and promise fake returns.

It provides access to trading in over 200 financial instruments and claims to support traders with educational materials, advanced trading platforms, and a variety of tools for market analysis. Even lexatrade owner when individuals reach Lexatrade for this, Their customer executive encourages upgrading the account type to get funds back. Moreover these personal manager act as LexaTrade affiliates who enforce clients to deposit more on their platform. LexaTrade has a referral program in which you’ll receive up to 50% deposit amount as a commission.

To choose the best, you need to analyze many characteristics, ranging from the broker’s total trading volume to reviews and ratings from real users. Contact with the broker via email, in our opinion, is great because we got the desired response in the expected time. Nothing suggested that LexaTrade cheat their customers with tricky terms and conditions. EvenInsight.com is a venture of Even Insight Technology and a website for cyber security and analysis.

Lexatrade.com has a rating of 2.7 stars from 30 reviews, indicating that most customers are generally dissatisfied with their purchases. We identified an SSL certificate meaning that the data shared between your browser and the website is encrypted and cannot be read by others. Unfortunately scammers increasingly also use SSL certificates so it is no guarantee that you are visiting a reliable website. This can be considered low in relation to other websites from the website’s country.

Risk Warning:

Third-party trackers on adult-oriented websites may have access to your IP address, location, and even system hardware information. In addition to trackers, adult websites are prone to data breaches and leaks. Some of these sites also use viruses and other malware to spread unlawful content, which can result in serious legal ramifications. When accessing pornographic websites, we recommend utilizing VPNs and taking utmost caution. If you’ve experienced financial losses with companies like Bitsoft360, T4Trade, or Tixee, please report it using the form below.

Your online finance service providers should be regulated and registered by the government. Research thoroughly before indulging in any kind of investment opportunity, whether it’s a cryptocurrency, NFT, forex, gold, or stock market. We’re not totally convinced that this website is entirely reliable. Keep caution before using any kind of product or service offered by Lexatrade.com. This safety score does not represent the true nature of Lexatrade.com. Checkout Lexatrade.com review and detailed overview to understand whether Lexatrade.com is legit or a scam.

LexaTrade advertises several account types, from basic to VIP, each with distinct perks. LexaTrade began by managing cash transactions in real-time trading using PAMM accounts. Over time, it has grown and developed advanced trading solutions and a variety of financial instruments, becoming a well-known online brokerage brand. I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time. I did not notice any problems with this broker, with the exception of sales managers.

1. LexaTrade markets itself as a broker suitable for both beginner and experienced traders.
2. That being said, they are very new at the time of this review, so there is time for improvement.
3. The domain name of this website has been registered several years ago.
4. The data contained in this website may not be real-time and accurate.
5. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader.

We diminished the review score of the website as it is using registrar facilities also used by many websites with a low to very low review score. High end domain registration bureaus have an extensive “Know your customer” process. It may be bad luck that so many websites with a low trust score reside at this registrar but we reduced the trust rating of the website to be sure.