LexaTrade provides access to popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. There is no solid information about the founder of LexaTrade and its parent company.

We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. Click the following links to hear the behavior of the executive’s in lexa trade. They even have affiliates who individually promote platforms to others and force them to invest maximum money.

Cheapest and most expensive aren’t the most precise terms, as there’s no actual cost attached to the account. However, we can’t neglect the fact that $100,000 is a hefty sum and isn’t something anyone can reach. IFMRRC stands for International Financial Market Relations Regulation Center. It’s a non-commercial organization that regulates about 60 brokerages. However, it’s apparent that it’s much less limiting than even the more lenient country-based regulators. Unfortunately, when a broker looks like it’s a rushed project, it’s often a scam.

It is registered in Saint Vincent and the Grenadines which makes no sense. As per LexaTrade conditions, if the referred client makes a deposit between $500 to $10,000, then 50% of it will be the referral bonus. LexaTrade has a referral program in which affiliates receive up to 50% of the deposit amount as a bonus. Lexatrade claims to prioritize the safety of its client’s funds. But we are skeptical about most activities and claim made by LexaTrade.

Fund and Account Security

Whereas, the broker tends to offer high leverage, shaping it as a scam broker. This broker offers high leverages which can cause a big loss to traders if things go wrong. CapitalXtend offers the best trading platform MT4 or MT5 to begin trading with low spreads to trade over 300+ instruments.

• And without the broker specifying the times, who knows how long it might take for you to get your money.
• However, it claims to hold a license from the International Financial Market Relations Regulation Center .
• Unfortunately, it can also be a means of losing your savings if you aren’t careful.
• N then…u r trapped… B sure ..ur money is gone within days… I lost my 250 dollars within night.

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. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. 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.

They are capable lexatrade review with the ability and instruments to detect a con artist and get your assets back. Also, scammers, as you read in this ASR review, are famous for not withdrawing your money. They may ask you for more and more money and never return a single penny of your earnings.

Our https://forex-reviews.org/ experts, support managers, and developers will make trading easier and more profitable year after year. The platform interface can be translated into 19 languages…. Trading can help you to earn extra income, but at the same time, it is also meant to lose your funds if you don’t watch out.

What Is LexaTrade Minimum Withdrawal Limit?

Profit with minimal risk by using all the features of the terminal. LexaTrade is not legitimate and should be avoided at all events. LexaTrade claims to be operated by Swissone Group Ltd, a company registered in St. Vincent and the Grenadines. Our final verdict is that LexaTrade is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers. Have control over your money as we provide favorable terms.

We offer favorable terms that allow you to take control of your money. Simple trading features and modern high-speed trading platform. Personal manager for Autochartist market analysis technology. A variety of trading tools, automatic signals about profitable transactions. Low spreads, 0% commission, bonus programs, multi-language call centre.

Domain Age of LexaTrade:

And if you’re already depositing that much, there are many brokers that do what Lexatrade does but better. 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. But as we said, we don’t like paywalls for core features as a practice, although you may not mind them at all.

Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity. There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances. Watch the most common forex scam videos and how to avoid them starting right now.

Keep yourself away from The Scam Broker If You Notice the Following

We will give you an additional $1,500 when you open a new account with $5,000. With LexaTrade online platform, you can trade and invest from anywhere on the globe using the high-tech functionality and speed of the terminal. Our company is committed to providing the best trading services and processes for our clients. We have created and implemented an online platform for easy and efficient trading.

• Your fund will be reflected in your bank account in 3-5 business days.
• The deposits are instant, while the withdrawal may take up to 3-5 business days to process.
• The website has not published a live spreads widget on their website.
• Overall this is a promising broker but a few tweaks here and there would make it a better one.
• Even for the higher accounts, the spreads are wider than those from other brokerages that require similar price points.
• A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages.

They tell me rubbish rules which they did not inform at the time of joining. I have uploaded some moeny and post that they have locked my amount and i am nither withdraw nor able to trade. They are asking more money to upload to enable my account and not returning the amount that i have already uploaded. In a few weeks, we managed to increase the deposit by 15-17%. This is taking into account my caution, I don’t buy everything in a row, I carefully monitor the news. The methods for deposit are Visa, CryptoWallet and e-Payouts and we assume the same methods will be used for withdrawals, although LexaTrade doesn’t mention this specifically.

Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online. Bonuses and incomes will only be withdrawn when a trader reaches a certain volume of trades.

EagleFX allows you to trade a variety assets and enjoy uninterupted 24/7 trading. 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. This broker claims to be in Saint Vincent and the Grenadines.

Lexatrade has potential, but it also has a lot of things bogging it down and making numerous questionable decisions. For starters, the first two accounts are borderline unusable. The asset access is limited, your withdrawal requests are low priority, and the spreads are extremely high.

However, much information regarding the same is unavailable on its website. Yes, LexaTrade is a scam broker as it is not regulated by any top tier regulatory watchdog. And stay alert, scammers like lexa trade are present here too, misguiding the public.