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. Just like any broker, LexaTrade flaunts a set of advantages to fish investors in the sea of online financial investment. Below are the most salient benefits LexaTrade offers to its users. LexaTrade BackgroundLexaTrade started its operation by just managing cash transactions in real-time trading using PAMM accounts.
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. 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. Given the abundance of warning signs, potential investors are advised to avoid LexaTrade. Numerous reports indicate that this platform may be a scam, with serious issues related to funds accessibility, aggressive tactics, and regulatory opacity. For those looking to enter the trading market, many reputable and transparent platforms offer safer and more secure services.
- This time, we will feature some of the feedback and reviews of current LexaTrade clients to give us some first-hand experiences with the broker and how they feel toward their service provider.
- Additionally, it will provide LexaTrade reviews from LexaTrade clients to help you picture out the broker’s overall service.
- There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website.
- They never give you money back by making you fool showing some policies.All contact numbers in their web sites are incorrect so that whenever you want to contact them they will not be available.
While the platform appears well-structured on the surface, a closer examination reveals troubling details. The platform allows traders to choose a specific expiration time. These unique features allow novice traders to easily enter the trade. Trying to find an online broker that meets your needs can be a daunting task, not least because there are so many trading platforms in the online space. If you are looking for a broker that deals with stocks, commodities, options and ETFs, we recommend paying attention to LexaTrade, and our review will help you with this. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader.
Banking, Financial Services and Insurance (BFSI)
I did not notice any problems with this broker, with the exception of sales managers. They are a little more aggressive than necessary.But why am I seeing a lot of negative reviews about Lexatrade? It turns out that almost ALL negative reviews were written by scamers advertising their scam chargebacks.
Product Features
Whole team are fraud, kaniz Mirza, Naira Singh, Rahul Sonkar etc… Even the personal manager engaged for help do not bother for small traders. Apparently, the pair of customer reviews clearly reflects the broker’s honest and quality trading services, contrary to some maligning customer reviews that try to dent the broker’s reputation. These clients are enough proof that ‘LexaTrade scammers’ is merely a baseless claim.
The “100% in 30 seconds” offer is offered to interested parties in opening and opening accounts and trading according to the “spread” options. Participation in the program is possible to get more profit from binary options with the ability to make transactions with currencies EUR / USD, GBP / lexatrade reviews USD, USD / JPY in two minutes. LexaTrade customer reviews scanning mixes digital and common currencies. Thus, traders can trade their currency pairs, creating, for example, a mixture of the dollar with bitcoins or the euro.
Reviews may be edited to correct grammar/spelling or to remove inappropriate language and content. Reviews that appear to be created by parties with a vested interest are not published. This information is not intended to endorse any particular medication. While these reviews may be helpful, they are not a substitute for the expertise, knowledge, and judgement of healthcare professionals. It seems like the website wasn’t designed in English, but rather translated from another language. We know some brokers like to take that approach, and it usually works moderately well.
ForexSignal.com
I have just started, so far I am good with the trading tools. Haven’t had withdrawal yet but based on observation, brokers are skilled and easy to deal with. Even for the higher accounts, the spreads are wider than those from other brokerages that require similar price points. As we said earlier in our Lexatrade review, it offers a competitive trading experience, but it gets overshadowed by better companies.
- However, for the past two months, I have been attempting to withdraw $500 without success.
- 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.
- Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader.
- LexaTrade’s hidden and restrictive charges are additional indicators of potentially unethical practices.
- Also keep in mind that the company is regulated (IFMRRC), which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all.
- The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices.
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. Cheapest and most expensive aren’t the most precise terms, as there’s no actual cost attached to the account. LexaTrade can make a CFD transaction electronically and without a prescription. Due to this, trading speculations are available to customers based on the difference in the primary price and on its basis lexatrade.com login. The company was the first of MT4 trading companies, which allowed it to expand its position and take a leading position in the list of brokers in the market.
I trade with some crypto platform not knowing they where sc! Am only happy because I found help after reporting to a recovery firm and they helped me recover all I lost to these fake crypto platform. My advice is that everyone need to be careful of the platform you deal with.