We’re nearly certain the broker made the accounts just to seem more open. The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review. However, you can only unlock MT4 after depositing $10,000. And even then, you only get the web version, and you need the $50,000 account for the full unlock.
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, lexatrade news 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.
Overview of LexaTrade Forex Broker Advantages
Nowadays, it is second nature to an investor to choose an officially regulated broker with a decent regulatory history. Hence, it is of primary importance for a forex broker to assert its legitimacy through its regulatory certifications. Nevertheless, consider placing a withdrawal request with your broker immediately. There is no point in continuing trading with a company known to be ditching clients repeatedly. Essentially, it hurts you more when you aren’t able even to file a case against it.
While the company’s existing clients provide negative feedback for its malpractices, its formal customers do not have different opinions either. Ranging from withdrawal issues to trade execution and customer support, the company always make people suffer. We witnessed clients have reported multiple incidents of the broker refusing to process withdrawals on different platforms, including BrokersView. Dozens of forex pairs can be traded, including all the major pairs and some exotics like TRY/JPY and DKK/NOK.
lexatrade.com: Forex Trading
Even i have raised my concerns in their portals but no actions were taken. Lexatrade.com has a rating of 2.43 stars from 30 reviews, indicating that most customers are generally dissatisfied with their purchases. LexaTrade‘s year of founding and the regulatory body that sanctions its activities had not been disclosed through the firm’s site. To find out the brokerages profile, one should consult other sites with LexaTrade reviews. While not necessarily a red flag, this is completely inconvenient and taxing.
- This LexaTrade CFD review lists the scammed by lexatrade main features and advantages of the CFD provider.
- Essentially, it hurts you more when you aren’t able even to file a case against it.
- However, we can’t neglect the fact that $100,000 is a hefty sum and isn’t something anyone can reach.
- Our Scam Detector VLDTR tool’s great thing is that the rankings can’t be rigged since they are not based exclusively on reviews that people write on specialty websites.
- With everything said earlier, to do a LexaTrade review, we had taken it upon ourselves to conduct an exhaustive examination of LexaTrades offers and services.
It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need to tread carefully. I I0st all my money to lexatrade scam, they promised me a lot pr0fits, at the end of it all they stop responding to me, a friend recommended me to visit ” globaltraderecovery. Net, and file a… Started with $250 USD and they keep showing profits and entice you to invest more and more. Then when it comes to returning the money they will disappear.
Do LexaTrade Offer Research Support?
Other powerful elements include, but are not limited to, Alexa rank, IP address, SSL certificate, and presence on fraud forums and bulletins. This feature provides 100% insurance on the deposit amount. The promotion is applicable for deposit amounts ranging from $500 to $5,000. The insurance covers upto 100% of total loss on all trades opened on the deposit day. “Later, they asked them to invest a bigger amount for more profit which they never returned. Then they used to stop replying to them or block their numbers”, he added. There are way too many categories on lexatrade.com, and navigating around the website is challenging.
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The bonus is flexible, and LexaTrade informs those trading CFDs and other instruments of the concurrent bonus plan by a LexaTrade bonus code on their trading platform or via email or both. There are 6 tiers of trading CFDs, with the seventh being a special bonus with the code that is valid only for the relevant section of the trading platform. Traders should thoroughly read the fine print of the LexaTrade Pty Ltd offer before opting for it. These dynamic charts can be seen as full-screen for greater clarity during the analyzing process.
FP Markets
Kingsley Cole, A young and brilliant guy, called me and gave me the details via skype video call, email and normal call, I adhere to what he told me and I am experiencing it in a positive way. I invested online to this company which I got stuck having challenges of posting withdrawal of my investment profit,I sent Vickers Mark all he needed to place a refvnd and I got a call by the bank… I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time.
Secure Customer Login FOREX.com – FOREX.com
Secure Customer Login FOREX.com.
Posted: Sat, 10 Mar 2018 04:26:23 GMT [source]
Live chat support was available at the time of our visit but a bit slow to answer. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified. Information about withdrawals is missing and this should be addressed by LexaTrade. 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. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader.
For us, the elephant in the room when visiting lexatrade.com is how clunky the language is there. 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. However, the translation itself is shoddy, so the website ends up looking unprofessional. As with the other brokerage firms within St. Vincent and the Grenadines, there is no trail of evidence of LexaTrade‘s regulatory body.
Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice. The trader can contact LexaTrade customer care to recover their money. If this doesn’t work, traders can raise a complaint to IFMRRC, the regulatory watchdog of LexaTrade.