However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. Lexa Trade has all the necessary documents, which means that the entire company is legally engaged in its activities. Moreover, in this case, the website lexatrade.com login contains the most relevant and reliable information given by prominent experts.
Once the money is deposited with it, it stops responding to the queries.. Therefore, we do not recommend you to invest money with LexaTrade. Scammers employ persuasive tactics to convince you to make an initial minimum deposit. 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.
Market Offerings
Ready to lead a global mission and be a key player in lexatrade owner the fight against online fraud? My choice fell on LexaTrade because the broker has a fairly good reputation. The broker has an excellent training center, there are quite a lot of video lessons and everything is explained.
- We can say that registration on the LexaTrade site was quite quick.
- LexaTrade is a global online trading platform offering a range of financial instruments, including forex, commodities, indices, cryptocurrencies, and stocks.
- It is also seen as long-term investments because of its steady and highly-profitable trading.
- The information that these tools give are enough to forecast the probable results of each deal.
- LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability.
False Claims: Analyzing Negative LexaTrade Forex Brokers Reviews
It is a brand name of Swissone Group Ltd. registered in Saint Vincent and the Grenadines. Its multi-asset trading services have garnered the trust of its clients and has earned it a spot in the top forex brokers in industry. Also, the firm of schemers lexatrade.com site offers its clients some benefits. The company offers instant access, although this is a common feature of all broker sites, then trading assistants that help merge the client and trading without failures and favorable conditions. It is also the truth because numerous positive reviews and experts’ reviews prove it.
This is why reviews like these are most often created by competitors. Reviews like “LexaTrade cheating” or “LexaTrade scammer” are nothing short of slander that only benefit the competitor. Even legitimate clients cannot benefit from false claims as it gives them a distorted view of a broker’s reputation. For starters, LexaTrade has a “Refer a Friend” program, which allows an existing client to benefit from sharing the services of LexaTrade to friends and fellow traders. A program entails any existing client receiving 50% of the deposited amount of any new trader they’ve successfully encouraged to sign up with LexaTrade. The amount that user will receive is entirely up to how much the new client has deposited.
Negative Reviews
- With over 170 trading instruments, various tools, and timely risk management features, the platform ensures a high-quality trading experience overall.
- It has an intuitive interface and highly-functioning terminals to make trading comfortable with minimal risks.
- We do not provide investment advice or solicitation of any kind to buy or sell any investment products.
- If you think this website should be very popular, please invest additional time in researching the company as this is suspicious.
- Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc.
Albeit contrary to one client review above, this issue can be easily identified as a misinformed judgment on the client’s part. In one way or another, clients who were unable to withdraw their funds from their accounts might have violated some conditions and guidelines without them knowing it. Trading accounts offered by LexaTrade are categorized into different types of traders. They were set specifically for catering to beginners, intermediate, professional, advanced, and expert traders. According to LexaTrade official site, the broker provides up to five account types.
They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero. The charges are higher compared to the platform we have reviewed so far. The spreads vary on the account type and the instrument traders trade in. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back. We provide broker reviews and ratings to help users find a suitable broker according to their own needs.
The collaboration of the Lexa trade company with social networks proves that the company is reliable and tries to save the trader’s money. Some negative reviews exist, but they are likely to be ordered by the competitors because there aren’t any photos. Every broker has received negative feedback from customers, critics, and even the general trading industry was accused of cheating. It is a common thing in industries where services are the main product of companies.
LexaTrade is a relatively new broker in the online trading space, offering a range of financial instruments, including Forex, CFDs, stocks, commodities, and indices. Despite its recent emergence, LexaTrade has quickly gained attention due to its user-friendly platform, competitive spreads, and diverse product offerings. However, as with any trading platform, potential traders must carefully evaluate the features, fees, and overall trading experience before committing real funds. LexaTrade markets itself as a broker suitable for both beginner and experienced traders.
This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. While regulation alone does not determine a scam, it is an essential factor to consider. We identified an SSL certificate meaning that the data shared between your browser and the website is encrypted and cannot be read by others.