This provides flexibility for various trading strategies and preferences. Users can access forex, commodities, indices, cryptocurrencies, and stocks through CFD arrangements. This shows potential areas for enhancement in support quality, responsiveness, or problem resolution effectiveness.

We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. It is presented as a platform offering forex and CFD trading services with a range of instruments, including commodities, indices, and cryptocurrencies. They often build websites that imitate legitimate brokers and use emotional or social tricks to convince people to invest money. Legitimate brokers face regulatory consequences if they mishandle client funds or engage in dishonest practices, which acts as a strong deterrent against such behavior. Without advanced platforms, it will be difficult to use indicators and implement strategies, and the broker lacks advanced trading apps. The scam broker manipulates its graph and if you beat him, he closes your account…

Detailed Information

The strongest suit of LexaTrade is its quality services, which were noted multiple times by traders in LexaTrade broker reviews. The broker offers quite a few account types but lacks advanced trading platforms. Analyzing different LexaTrade broker reviews, it is clear that a VIP account is most recommended for expert traders with years of experience in the Forex market.

Rating Framework

Com who helped me recover my money and account. I began trading with a broker named Pocket Option. I kindly ask anyone who reads this review not to invest on this platform.

LexaTrade Customer Support

User feedback shows that trading experiences have improved over time. This presents a challenge for traders seeking complete information before account opening. The broker's base in Saint Vincent and the Grenadines suggests operation under that area's framework. The platform's approach focuses on offering diverse trading opportunities while maintaining what appears to be a simple operational structure. The broker's business model centers on providing CFD trading services across multiple asset categories. LexaTrade operates as an online trading platform based in Saint Vincent and the Grenadines.

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That, along with the multiple phone lines, makes the broker easy to reach. It should be made clear that Lexa Trade does not hold an individual broker license. Now daily some 10 people call me to start trading and if I say I am not interested they wont le t me go. But first we will focus on the level of service provided by the broker.

A mobile platform is available but Demo accounts are not; US traders are not accepted. Fraud sites often copy the look of real trading platforms—charts, balances, support chat—yet all numbers are controlled by the scammer. That being said, caution should be used anytime money is involved, with all brokers, old or new. The company began its work by managing cash transactions in real-time trading using a PAMM account. The aggregated data is based on reviews and questionnaires provided by PissedConsumer.com users. Regulation ensures that the broker adheres to strict financial rules and guidelines, which ultimately protects traders’ funds and personal information.

The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. In terms of security, LexaTrade uses SSL encryption to protect sensitive data, which is standard for most brokers. 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 website is translated in 6 languages, the platform is relatively easy to use and offers all the features https://forex-review.net/lexatrade/ needed by an average trader. Even when individuals reach Lexatrade for this, Their customer executive encourages upgrading the account type to get funds back. The scammer builds trust through a fake relationship – often using dating apps or messaging platforms – before introducing a phony investment scheme.

• Use the form below to request a free consultation from cyber-intelligence experts who may help you trace your lost funds.
• This review is from a real person who provided valid contact information and hasn’t been caught misusing, spamming or abusing our website.
• Fraud sites often copy the look of real trading platforms—charts, balances, support chat—yet all numbers are controlled by the scammer.
• The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge.
• Unfortunately scammers increasingly also use SSL certificates so it is no guarantee that you are visiting a reliable website.

Asset Recovered

Yet still, there are many exchanges and brokers that give you just as comfortable an experience without making you pay extra. With the absence of financial authorities, clients’ funds are exposed to intensive risk, say, for example, LexaTrade decided to shut down its business. Traders considering LexaTrade should contact the broker directly for specific terms, conditions, and regulatory clarifications to make fully informed decisions. However, potential clients should be aware of the limited regulatory information and conduct thorough due diligence before engaging with the platform. This is particularly true for those comfortable with offshore broker arrangements.

Is LexaTrade a Scam? Honest Review 2023

Save my name, email, and website in this browser for the next time I comment. Even the personal manager engaged for help do not bother for small traders. Cheapest and most expensive aren’t the most precise terms, as there’s no actual cost attached to the account. I was so frustrated and giving up on my money when Mr. Tony Luis came to my rescue and helped me out with the issue. It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable. We aren’t the biggest fan of the huge jumps between the sums you need for different account types.

There is no solid information about the founder of LexaTrade and its parent company. 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. 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.

How to recover my money

They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero. They can also set stop loss and take profit, track the movement of quotes, check forecasts for different instruments, and view their account balance. Legal avenues are limited when the broker is registered offshore and lacks a regulatory framework. LexaTrade advertises several account types, from basic to VIP, each with distinct perks. Investment frauds use social engineering and polished websites to gain trust and drain funds. Of course there are questions, but after correspondence with tech support everything is successfully resolved.

• I deposited EUR on bonomo platform and after 1 month of trading i’ve got EUR.
• Problem with unregulated brokers is that they are not reliable and abuse the regulations.
• If you are interested in trading online, you can take a look at our best trading brokers for some options.

Hope the above information is enough to know the basics of LexaTarde, account types, its services, fees and referral program. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. A trader, before investing, should research about the broker’s regulation and license. Companies providing online brokerage services without a license cannot provide their clients with any sort of protection. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice.

LexaTrade Review Warning Signs – Why LexaTrade is a scam broker?

Aside from trading, clients can open positions, manage their account, and execute trades without delay. LexaTrade provides multiple account types, each with varying levels of features such as access to market research, dedicated support, and faster execution speeds. Identifying which reviews are true is also a skill that any aspiring trader must acquire. LexaTrade offers competitive spreads, with forex pairs starting from around 1.5 pips.