Also, this broker is connected with the semi-automated trading platform Cryptodroid which is one of the most beloved software in the trading realm. To know both sides of the equation and understand the nature of this trading solution, continue reading this unbiased post. All Scam Reports Team advises the user to avoid investing here, as we have found that the LexaTrade broker is suspicious, and operating without any legal license. There has been proof of some suspicious activities similar to the signs mentioned in the LexaTrade review. And that’s without mentioning our hunch that the broker isn’t entirely honest. Altogether, it’s just a middle-of-the-pack broker, and there are a ton of similar companies out there.

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.

Company Name

Holding its business operations in Saint Vincent and the Grenadines, many traders doubt the legitimacy of the broker, let alone Lexatrade’s regulatory credential. This is because there are many traders online claiming to have been scammed by LexaTrade. But browsing the broker’s official site, LexaTrade asserted the legality of its business operation and its regulatory compliance with the International Financial Market Relations Regulation Center (IFMRRC).

VT Markets

Lexatrade.com has a rating of 2.7 stars from 30 reviews, indicating that most customers are generally dissatisfied with their purchases. We use dedicated people and clever technology to safeguard our platform. Claim your profile lexatrade to access Trustpilot’s free business tools and connect with customers.

1. Every single one of our instructors has gone from a beginner to a practicing trader.
2. To get a better idea of the costs of trading, consider opening a demo account.
3. LexaTrade customer reviews scanning mixes digital and common currencies.
4. In 2019, LexaTrade reached more than 2 million merchants worldwide.

Ultreos Forex

1. LexaTrade provides access to economic calendars and news on its homepage.
2. Numerous reports indicate that this platform may be a scam, with serious issues related to funds accessibility, aggressive tactics, and regulatory opacity.
3. In short, the more volatile the market, the more risk you carry when trading it.
4. These patterns align with other known scams in the financial sector, where similar methods are used to extract and retain funds from investors without delivering on the advertised services.

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. Second, you could speculate on cryptocurrency price movements using CFDs. These are derivative instruments – which means you won’t buy and sell actual coins. Consequently, you won’t need an account with an exchange, and you won’t need a wallet. LexaTrade ReviewProper regulations usually ensure that forex brokers are sufficiently capitalized in the event of insolvency or trading losses.

The method of depositing funds for the first deposit determines the options for the subsequent withdrawal of money. As on other sites, bank transfers arrive on accounts lexatrade.com site faster than when withdrawing to a card. On the LexaTrade site platform, merchants offered to trade various instruments and property. The broker provides clients with about 50 currency pairs, gold, silver, and other precious metals, as well as pointers and cryptocurrencies. In conclusion, while the promise of easy trading may be tempting, LexaTrade is fraught with risks that make it unsuitable for investors who prioritize security and legitimacy. Given the abundance of warning signs, potential investors are advised to avoid LexaTrade.

LexaTrade Frequently Asked Questions

Trade and invest freely from anywhere on the planet with LexaTrade online platform using the high-tech functionality, speed, and profitability of the terminal. Caring for our clients, our company makes every effort to optimize the trading processes and services provided. For your convenient and effective trading, we have developed and implemented a new online platform.

A variety of trading tools, automatic signals about profitable transactions. Low spreads, 0% commission, bonus programs, multi-language call centre. 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.

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.

This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. If the broker doesn’t hold any license, then there must be a risk of scam. License is the most significant thought while choosing a merchant. Firstly, guarantee the license is from a reliable controller and not one who gives a license to any individual who pays a charge. Legitimate specialists might have the option to accomplish something, yet controllers can remove the license from trick intermediaries. However, we can’t neglect the fact that $100,000 is a hefty sum and isn’t something anyone can reach.