Check out the list ofscam brokers 2022 to prevent yourself from getting scammed. And, if you got scammed by Lexatrade.com, file a complaint. Yes, trading with Lexatrade is a fraud/scam cheating making fool of small investors/traders by misguided by the staff insisting for more money deposit for stock trading. Today my balance was USD821 and free Balance was more than USD550.
A bunch of cheaters who have looten thousand of ppl till now n this may be ascertained from the reviews. They make false promises and convince you to invest money with a minimum amount of $250 once u visit the site. They will do registration before even u cud understand them. N then…u r trapped… B sure ..ur money is gone within days… lexatrade owner I lost my 250 dollars within night. At the start they will tell u that they give 100% Insurance over the capital amount bt it’s big lie… They won’t give u even a penny. N even u earn or make money from this platform, they will not let u withdraw money till u lose all ur money… There r lots of if n buts wen u wish to withdraw.
On the other hand, the Web platform offered for the minimum account is quite enough for the average trader, so maybe that’s not a deal breaker. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker. This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. Bonuses and incomes will only be withdrawn when a trader reaches a certain volume of trades. I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time.
Please be noted that all information provided by ThatSucks.com are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person. Lexatrade has been serving my trade for 3 months now. I used to trade in crypto, then I moved to the foreign exchange market.
Lexatrade Review: Is Lexa Trade a Scam Broker?
I did not notice any problems with this broker, with the exception of sales managers. Yes, if you can send your platform chart trading with them, it will be easy and please try sending your email also, so we be able to reach you easily. Yes, if you can send you platform chart trading with them, it will be easy and please try sending your email, so we can reach you easily. We would like to see some real feedback from traders to even think of trusting Lexa Trade broker.
- Many fraud forex brokers or other scam brokers are working under fake organization names or other deceitful activities.
- A fundamental examination can go far in securing you and your accounts.
- But later, you will realize that you got scammed by the broker.
- The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165.
- It should be made clear that Lexa Trade does not hold an individual broker license.
A trader, before investing, should research about the broker’s regulation and license. If the broker doesn’t hold any license, then there must be a risk of scam. License is the most significant thought while choosing a merchant. Firstly, guarantee the license is from a reliable controller and not one who gives a license to any individual who pays a charge. Legitimate specialists might have the option to accomplish something, yet controllers can remove the license from trick intermediaries. This broker offers a balanced mix of functionality and user-friendliness.
Domain Age of LexaTrade:
On request for withdrawal of USD 400, I was advised to open a del in sell segment of Natural Gas with USD196 than my entire balance gone negative. Even the personal manager engaged for help do not bother for small traders. Brokers Complaint is always trying to find different scam brokers present in the market as well as the new emerging scam brokers to warn traders.
The broker is also attracting new traders using a 30% deposit bonus. Remember to read the terms and conditions for accepting and using deposit bonuses with brokers. Brokers Complaint is a team of Fund Recovery Experts.
If you have been drawn nearer by a trick firm, then, at that point, contact Brokers Complaint to get fund recovery. Many fraud forex brokers or other scam brokers are working under fake organization names or other deceitful activities. A fundamental examination can go far in securing you and your accounts. Managing financial firms approved or enrolled by legal authorities gives you more prominent assurance assuming things turn out badly.
Also keep in mind that the company is regulated , which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all. That being said, caution should be used anytime money is involved, with all brokers, old or new. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the stuffy interface of Meta Trader.
They may ask you for more and more money and never return a single penny of your earnings. 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. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge.
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. You would be forced to top up to the minimum of $50 before placing a withdrawal request. Also, if clients don’t have a significant trading volume yet, the company intends to charge a commission of 5%. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified. Information about withdrawals is missing and this should be addressed by LexaTrade. All we could find is that withdrawal processing takes up to 24 business hours and that a representative will contact the client in order to complete the processing of the withdrawal.
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This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice.
LexaTrade claims to offer the tightest spread in the industry. They even tout a variety of stocks for trading claiming that this will spread the potential risk involved in stock trading. It should be made clear that Lexa Trade does not hold an individual broker license. On the other hand, the company https://cryptolisting.org/ under which they rely on seems to be overseeing several other entities which provide financial services under one license owned by SwissOne Group Ltd. Only SwissOne Group Ltd owns a license from the IFMRRC. This license was issued exactly one year after the launch of LexaTrade broker’s website.
There are no reviews or feedback at all regarding the services offered by this broker. Traders are advised to avoid brokers who charge unnecessary fees for the use of their services. Brokers Complaint can have advertising and affiliate relationships with some of the trusted recovery companies and may be compensated through them .
Brokers Complaint is committed to the fair handling of reviews and posts regardless of such relations. Read our LexaTrade review to know more about this broker. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates. We recommend staying within the range of good taste and respectful language to avoid any unpleasantness.
This website is committed to exposing scams and helping victims file a chargeback
Now daily some 10 people call me to start trading and if I say I am not interested they wont le t me go. Assuming you deposited $100 and lost 60% of the funds and attempted to withdraw $40, Lexa Trade broker would never process such withdrawal request. Brokers Complaint is one of the best recovery agencies specializing in Lost Cryptocurrency funds recovery. We also help victims of Forex frauds, Binary frauds, Investment scams, Pension frauds and many other types of scams. Also, scammers, as you read in this ASR review, are famous for not withdrawing your money.
After pursuing this review and reading other negative LexaTrade reviews, it is clear that this broker is a scam. If you got defrauded by LexaTrade scam or some other intermediary and need to discover more about another agent, address our specialists. We assist customers with documenting the case against trick representatives. With insightful reports and direction, we can help recover your assets.
LexaTrade Review Warning Signs – Why LexaTrade is a scam broker?
Through LexaTrade review our aim is to warn traders not to trade with this broker because this broker is suspected to be a scam according to the research done by our team. Also lexatrade review trustpilot , lexatrade wikipedia are also showing bad numbers. Lexatrade.com seems to be unregulated as it doesn’t hold a license from any regulatory body.
I am going to file the cyber crime complain against them if they did not refund my money. Here you get assistance perceiving ascam brokerbefore you are excessively profound into it. At whatever point you are in question about any dealer, the best practice is to let the asset recuperation experts help you. They are capable experts with the ability and instruments to detect a con artist and get your assets back. ThatSucks.com will not take any responsibility for any loss or damage derived by accusations or negative comments made by random individuals. All Ip’s are checked and marked for further inspection.
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. This is mostly the case when a broker buys a white label from a company that offers MT4 trading platform for renting. The most commonly used trick that scammers follow is offering a high bonus. They offer appealing returns that may look promising and attractive and make you invest in that plan.
