LexaTrade: Dispelling Libel Against an Honest Broker

Legitimate specialists might have the option to accomplish something, yet controllers can remove the license from trick intermediaries. Furthermore, while there are some solid conditions, they all come with high price points. And if you’re already depositing that much, there are many brokers that do what Lexatrade does but better.

How Do I Get Money Back From a Scammer?

• So there’s the argument that some regulation is better than none, and that does hold up.
• Over time, it has grown and developed advanced trading solutions and a variety of financial instruments, becoming a well-known online brokerage brand.
• The company began its work by managing cash transactions in real-time trading using a PAMM account.
• And even then, you only get the web version, and you need the $50,000 account for the full unlock.

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. No reputable trading platform can promise consistent gains without acknowledging the inherent risks.

The review site, “The Forex Review”, is the site that has been able to give many details. While the founding year had not been revealed, the site did say that the broker is a business entity under the Swissone Group Ltd., which operates within St. Vincent and the Grenadines. Getting the pulse of a brokerage’s legitimacy is served well by the immediate disclosure of its primary details. The online community is replete with lies and fabricated news for what it’s worth.

Got Scammed by LexaTrade? We Help Victims!

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. Regardless if one is a novice or a seasoned trader, he or she is not impervious to falling for bad reviews on a brokerage he or she might not be thinking of signing up for. Trading is a gamble, and investing in markets through a brokerage firm is no joke. And the presence of negative reviews does espouse plenty of misgivings, and worse, paranoia. This broker offers a balanced mix of functionality and user-friendliness. And besides, if you really want to do advanced technical analysis, LexaTrade offers Meta Trader 4 so you can have the best of both worlds.

From hot wallets for quick access to cold wallets for ultimate protection, here are the nine legit Bitcoin wallets to keep your crypto safe and sound this year. One of the primary concerns with LexaTrade is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. While regulation alone does not determine a scam, it is an essential factor to consider. Later they said that the amount was too low for a trade so I left the money there only to find later that the money has disappeared.

Claims like these are often a hallmark of fraudulent schemes aiming to exploit inexperienced investors. Legitimate platforms emphasize market volatility and encourage informed decision-making. In contrast, LexaTrade uses overpromises to attract users who may not fully understand the complexities of cryptocurrency trading. LexaTrade positions itself as an online platform designed for cryptocurrency lexatrade scam trading and investment.

Withdrawal Issues

LexaTrade has gained recognition as a reputable multi-asset broker by providing quality services and financial instruments to its clients. Lexatrade has potential, but it also has a lot of things bogging it down and making numerous questionable decisions. The asset access is limited, your withdrawal requests are low priority, and the spreads are extremely high. The company began its work by managing cash transactions in real-time trading using a PAMM account. As of November 2019, more than 2,000,000 merchants from all over the world are using the services of a broker.

Lexatrade is a scam company and it is going to close sooner. So don’t use this platform and research well before choosing a such platform. If a trade position is kept open and carried over to the following day, a commission will be charged to the trading account for using the credit. The commission is based on the size of the transaction and ranges from 0.005% to 0.015% for most instruments, while it is 0.5% for cryptocurrencies. We identified an SSL certificate meaning that the data shared between your browser and the website is encrypted and cannot be read by others. SSL certificates are always used by legit and safe websites.

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. LexaTrade claims to be an online brokerage offering access to various financial instruments such as forex, indices, and commodities. While the platform appears well-structured on the surface, a closer examination reveals troubling details.

thoughts on “Is LexaTrade a Scam? Honest Review 2023”

I stongly recoonamd everyone to dont waste money with this fraud company. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge. 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. There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website. There is no mention of an inactivity fee but we cannot guarantee that you won’t be charged one.

Reputable brokers typically operate under the oversight of financial authorities to ensure compliance with industry standards and the protection of traders’ interests. LexaTrade’s unregulated status raises doubts about its commitment to transparency and accountability. Even for the higher accounts, the spreads are wider than those from other brokerages that require similar price points. As we said earlier in our Lexatrade review, it offers a competitive trading experience, but it gets overshadowed by better companies.

Overview of LexaTrade Forex Broker Advantages

For those looking to enter the trading market, many reputable and transparent platforms offer safer and more secure services. 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. This is a strong indicator that the website may be a scam.We rated using a computer program. Scamadviser uses all this information to create a trust score.Based on our analysis we gave this website a very low score. If a website receives a very low review from us, we really recommend you to double check if the site is not an online scam but really safe to use.

Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds. You should also contact your bank as soon as possible and let them know about your issue. Verification can help ensure real people are writing the reviews you read on Trustpilot. 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. 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. If you’ve experienced financial losses with companies like Bitsoft360, T4Trade, or Tixee, please report it using the form below.

Several red flags have emerged from user experiences that cast doubt on LexaTrade’s legitimacy, making it essential to understand these warning signs before investing any money. All of our reviews are based on research carried out by professionals. We had thought it best to quote them directly here for the readers to see. Trading is a high-risking activity, and each trader decides himself how to interpret information.

• LexaTrade exemplifies why it’s essential to remain cautious in the cryptocurrency market.
• Scammers employ persuasive tactics to convince you to make an initial minimum deposit.
• Keeping your Bitcoin safe in 2025 isn’t just about stashing it away—it’s about choosing the right wallet to protect it from hackers, scams, and even your own forgetfulness!
• With the surge of online trading platforms, the potential for scams has also grown, and LexaTrade has emerged as a broker raising serious concerns.

LexaTrade exemplifies why it’s essential to remain cautious in the cryptocurrency market. Remember, if an offer seems too good to be true, it probably is. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Claim your profile to access Trustpilot’s free business tools and connect with customers. Companies on Trustpilot can’t offer incentives or pay to hide any reviews. There are way too many categories on lexatrade.com, and navigating around the website is challenging.

We present your user reviews, according to the rating of a broker. MetaQuotes’ most in-demand trading platform, MetaTrader 4 (MT4) is simply one of the best trading software available in the market. MT4’s interface is intuitive and has a benevolent number of tools. It permits them to trade safely with its technology without any need to download and install it on the trader’s PC or mobile device. What the reading of review ultimately provides its readers is a fair assessment and perspective of LexaTrade.