When accessing pornographic websites, we recommend utilizing VPNs and taking utmost caution. Several red flags surround LexaTrade, fueling suspicions about its legitimacy. A primary concern is the absence of clear regulatory information.
Lexatrade offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are popular among traders due to their advanced features, which are defined below. Are you a marketing guru with a passion for protecting consumers?
Forex is a trade that has risen in popularity over the last decade. One of the first problems a novice trader faces is choosing a broker. You might think this is an easy task because all you have to do is look up brokers on the internet.
LexaTrade – scam or a reliable company?
Lower deposits, more information about deposits and withdrawals, a basic FAQ, and a demo account are just a few adjustments that would go a long way and would make LexaTrade a higher-tier broker. That being said, they are very new at the time of this review, so there is time for improvement. This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. 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. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker.
Contact with the broker via email, in our opinion, is great because we got the desired response in the expected time. Nothing suggested that LexaTrade cheat their customers with tricky terms and conditions. Each account type comes with its own set of perks, with the higher account types offering the best perks and benefits. We use dedicated people and clever technology to safeguard our platform. They even have affiliates who individually promote platforms to others and force them to invest maximum money. It does not spread LexaTrade lie, because users who attract a new client to the company will receive a bonus of half the deposit of the attracted trader.
- New broker users have the opportunity to get insurance against losses for one trading day.
- Which of these platforms to use, the trader decides for himself.
- We were able to go to lexatrade.com, login, and use a demo account to learn the platform and its operation.
- When accessing pornographic websites, we recommend utilizing VPNs and taking utmost caution.
- LexaTrade appears to offer a straightforward deposit procedure, allowing users to fund their accounts through various methods.
- Lexatrade offers personal account managers to its users and they help in trading.
LexaTrade Referral Program
The promise of guaranteed profit in the absence of restrictions on deposits. The main feature of the financial pyramid is the offer of “free cheese in a mousetrap.” We can’t find much information at the lexatrade.com site. Broker Complaint Alert helps victims of investment fraud, forex scams, crypto scams, and any type of fraud that happened to you. We have helped and guided thousands of people every year. LexaTrade provides a range of account types, each with distinct features and minimum deposit requirements.
This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. The domain name of this website has been registered several years ago. In general, the older the website the more trustworthy it becomes. However, scammers sometimes buy existing websites and start doing their evil thing, so please make sure you check for other scammy attributes as well.
Moreover these personal manager act as LexaTrade affiliates who enforce clients to deposit more on their platform. LexaTrade has a referral program in which you’ll receive up to 50% deposit amount as a commission. We are back with our unbiased review of LexaTrade, an online trading broker company. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. LexaTrade presents itself as an online trading platform, offering users access to various financial instruments, including forex, cryptocurrencies, stocks, and commodities.
Range of Markets, Spreads and Leverage 16/20
- Many people have complained that LexaTrade has locked or stolen their funds.
- Moreover these personal manager act as LexaTrade affiliates who enforce clients to deposit more on their platform.
- It is useful to read the users’ feedback, but we should remember that sometimes positive and negative reviews can be ordered in advance.
- Therefore, we do not recommend you to invest money with LexaTrade.
- 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.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Suggested companies are based on people’s browsing tendencies. Claim lexatrade scam your profile to access Trustpilot’s free business tools and connect with customers. Lexatrade is a scam company and it is going to close sooner. We diminished the review score of the website as it is using registrar facilities also used by many websites with a low to very low review score. High end domain registration bureaus have an extensive “Know your customer” process.
LexaTrade provides access to popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. LexaTrade began by managing cash transactions in real-time trading using PAMM accounts. Over time, it has grown and developed advanced trading solutions and a variety of financial instruments, becoming a well-known online brokerage brand.
LexaTrade has a referral program in which affiliates receive up to 50% of the deposit amount as a bonus. The LexaTrade broker also offers attractive bonus programs. New broker users have the opportunity to get insurance against losses for one trading day. The company compensates the trader for losses ranging from 500 to 5,000 USD.