Is Forex Broker LexaTrade scam or not?

There will always appear negative reviews about every broker, even the most trusted ones. This is a simple fact in the trading industry, where competition can sometimes be cutthroat. Below is an analysis of some negative reviews hurled towards LexaTrade. LexaTrade’s MT4 web terminal is a safe, secure trading platform that uses advanced technology and high-quality terminal work.

  1. Aside from throwing shades to the broker, some online client reviews also burst out that LexaTrade scammed them by not allowing them to withdraw their funds from their accounts.
  2. There is no mention of an inactivity fee but we cannot guarantee that you won’t be charged one.
  3. Now we will delve deeper into the specifications of each account type and choose which is most fitting to each trader.
  4. As such, we can’t hold the deposit requirement for MT4 against the broker too much.
  5. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader.
  6. It only partners with trusted global banks in handling their clients’ funds in segregated accounts.

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. 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.

I have been working with LexaTrade broker for six months now. I learned about the company much earlier, but I came across a network about the negative about it. In comments on one forum, I read the information that «LexaTrade courses scam,» fraud, etc. Then he learned from a friend working with this company that all this is complete nonsense. As a result, I opened an account there, on which I have been trading for six months. Here you can train as a beginner and sharpen your strategies if you are an experienced Forex trader.

It must be stressed that all LexaTrade reviews above were taken from existing, legitimate review sites. We listed lots of them not to confuse traders but to give a weighted and fair viewpoint on the brokerage. As this is the case, the traders are advised to take all claims quoted here with a grain of salt. Despite all reviews, it is strongly recommended to make decisions and build a strategy independently.

LexaTrade: a divorce or an innovative broker?

Payment can be made in three days – using the lender’s debit card, electronic services, or bank transfers. The method of depositing funds for the first deposit determines the options for the subsequent withdrawal of money. As on other sites, bank transfers arrive on accounts lexatrade.com site faster than when withdrawing to a card. While there are also legitimate negative reviews about other brokers, it is important to discern which ones are legitimate and are coming from actual clients. The trading industry is a tight, competitive area where brokers fight against one another. Identifying which reviews are true is also a skill that any aspiring trader must acquire.

Is LexaTrade a regulated authority?

Whether a beginner or an experienced trader, the XCritical mobile app is a great way to enhance your trading experience. It is regulated by the International Financial Market Relations Regulation Centre, making https://cryptolisting.org/ it a reliable broker in the forex market. The broker offers different types of accounts to its clients for better trading experience. LexaTrade offers high-quality services to a wide range of clients.

LexaTrade: Getting Into the Meat of an Honest Broker

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. XCritical platform is favored by 8 out of 10 traders in the Forex trading industry. Through its mobile platform, LexaTrade users can experience the myriad of tools that the PC version had, including several trading signals and a highly-intuitive and neat interface. It is easy to use, always at hand, so you can work from any point. Lexatrade It’s a fraud, please this company need to be shutdown, am happy I got my refund back from them with the help of mr mason expert recovery team. LexaTrade has gained recognition as a reputable multi-asset broker by providing quality services and financial instruments to its clients.

But most importantly, these benefits are immediately laid out for new clients. LexaTrade ReviewProper regulations usually ensure that forex brokers are sufficiently capitalized in the event of insolvency or trading losses. It also guarantees the broker’s commitment to maintaining satisfactory dealing practices and keeping your money in secure and segregated accounts. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader.

Wondering whether Lexatrade scammers or not, let’s analyze its services and development level. When it comes to platforms, broker LexaTrade ensures clients enough options to choose from. This is why aside from MetaTrader4 and XCritical, they’ve also developed a platform to embody important qualities and characteristics. LexaTrade forex lexatrade owner broker will give you a 70% welcome bonus and medium priority for withdrawals if you choose a gold account. One of the best services provided by LexaTrade is its trading platform, which was developed to incorporate unique features of the broker better. But other than that, LexaTrade also offers the MetaTrader4 and XCritical mobile app.

Can’t see your question? Ask to get answers from the Lexatrade staff and other customers.

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. 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.

Support desk doesn’t answer for a long time, and no one’s gonna pay me back. Collaboration of LexaTtrade with social networks proves that the company is reliable and tries to save trader’s money. Some negative reviews exist, but they are likely to be ordered by competitors because there aren’t any photos.

Daily Market News are financial reports that thoroughly assess the impact of global events on the financial markets. It provides explanations to forex movements, IPO announcements, currency forecasts. U.S. dollar and political events in the United States are only some of the regular topics in economic news.

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. MtT4 platform is considered as the gold-standard for every other trading platform in the trading industry.

The parent company of LexaTrade is Swissone Group Ltd, located in St. Vincent and the Grenadines. The first LexaTrade review is found on TrustPilot’s page and the other one is written on LexaTrade’s Facebook page. Both statements did not detail Urbanek’s issues with the broker, and only proceeded to create false statements about it. These statements have no legitimate grounds and are clearly libelous.

Lexatrade.com has a rating of 2.38 stars from 34 reviews, indicating that most customers are generally dissatisfied with their purchases. Our in-depth and unbiased reviews help investors in choosing the best broker according to their investing needs. Of course, the broker has options for downloadable terminals, web platforms, and mobile apps. The default proprietary platform 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.

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