Is LexaTrade a Scam? Read This Brutally Honest Review
The company may deduct the tax from the amounts that are the result of customer activity with the company. The client acknowledges that he pays any commission and brokerage fees. The Company reserves the right to change the fee structure at the discretion of the Company without previous explanation. The company can set limits on the amount of funds that the Client can withdraw for a certain period of time. The Company reserves the right to charge an account maintenance fee in the amount of 5% of the account balance for each calendar month, in the absence of activity by the Client within 90 days. The commission begins to be charged on day ninety-one (91) and stops when activity is resumed.
There is a slight glide, but I didn’t notice a serious one, on EUR / USD there can be a glide of a maximum of 1-2 pips and then on serious news. Our in-depth and unbiased reviews help investors in choosing the best broker according to their investing needs. Trading conditions, if not the best, then some of the best, there have never been any hitches with the execution, so that connection disappears, too, is not seen. Thanks to trading consultants, you can conduct remote trading using mobile gadgets and trading consultants. The Company’s refusal to comply with any provision of this agreement will not be interpreted as a waiver of any provision or right.
- However, withdrawals may take a bit longer, usually about 3-5 business days to process.
- Additionally, it will provide LexaTrade reviews from LexaTrade clients to help you picture out the broker’s overall service.
- This ensures that the trader can take into account the most insignificant prices and get a high level of volatility.
In this light, it can be said that LexaTrade is a legitimate business entity and is a regulated broker. Fortunately, IFMRRC features a Compensation Fund scheme to be observed by all its 49 regulated brokers including LexaTrade. On top of these account types, a Demo Account is a good way for novice traders to test the trading environment and platforms of LexaTrade. In terms of financial instruments, account type gives users access to forex, cryptocurrency, commodities, and limited stock assets. Knowing more about Lexatrade – its features, pros and cons, customer reviews, and legitimacy as a financial service provider by reading comprehensive LexaTrade rezension in general. Our review will provide a rundown of Lexatrade’s trading service features, conditions, and other important aspects of its brokerage service.
Using a Data Space Effectively
Lexatrade ensures high-grade security measures for all the services it provides, to secure client’s funds. LexaTrade has often been found on the negative side of things when it comes to client reviews. Black propaganda such as scammed by LexaTrade against the broker being stirred by its competitors can be another possibility to take into account. To round up LexaTrade’s trading serviceability, a broker has a decent platform and trading instrument offerings despite having relatively higher spreads. Let us move on to another aspect of broker review by looking into the client feedback of LexaTrade.
To sign up for any of the above-mentioned account types, all you have to do is simply fill in an online registration form available on its Lexatrade website. You should fill in the basic personal information, including your name, email, and contact number. On the other hand, the Web platform offered for the minimum account is quite enough for the average trader, so maybe that’s not a deal breaker. 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. The “100% in 30 seconds” offer is offered to interested parties in opening and opening accounts and trading according to the “spread” options. Participation in the program is possible to get more profit from binary options with the ability to make transactions with currencies EUR / USD, GBP / USD, USD / JPY in two minutes.
LexaTrade’s provision of these platforms allows for good options for transacting their trades. Even without LexaTrade’s proprietary platform, MT4 and xCritical platforms are enough to render good trading conditions to create strong investment portfolios. Keep reading the LexaTrade rezension to know more about Forex broker, its services, and real reviews on work.
Thoughts on “Forex Broker LexaTrade Review”
You agree to update or add the necessary information in case of its change or request by the Company. Bonus amounts are great when it comes to enhancing your capital, but for the best experience, it should be used with caution. The minimum withdrawal amount and processing time are not clearly mentioned.
I have been trading on the market for 5 years, of which almost 2 years on LexaTrade. With these in mind, the allegations that someone was scammed by LexaTrade are seen as baseless and may simply be seen as the traders’ ignorance of how trading actually works. There is also a certain affiliate https://cryptolisting.org/ program on the site, which helps customers to bring new users, promising them a bonus in return. Now we will give reviews that can be found upon organic search of LexaTrade reviews. The readers are only given an idea of what the online trading community thinks of a LexaTrade broker.
LexaTrade Web Platform
By using the services of the Company, you agree to accept all the conditions that the Company edits or updates in this agreement. By continuing to trade on the platform, you accept these terms and agree to future changes. All amendments made to the agreement will take effect ten (10) days after they are first posted on the site. However, few people have experienced issues ranging from technical glitches to execution errors. Their platform and interface look clean and the account types are versatile enough to accommodate both newbies and professionals. Nowadays, it is second nature to an investor to choose an officially regulated broker with a decent regulatory history.
Aside from hefty welcome bonuses ranging from 30% to 120% of initial deposit, LexaTrade also gives a referral bonus. This is awarded to a trader who refers a friend to trade with broker. Up to 50% of the total amount of the referred client’s initial deposit will be awarded to the referring trader.
Legal Matters: From Agreements to Specializations
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. The server operator Almina Corp as is not a registered broker, investment advisor or broker. 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. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker. This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs.
Support desk doesn’t answer for a long time, and no one’s gonna pay me back. Collaboration of LexaTtrade with social networks proves that the company is reliable and tries to save trader’s money. Some negative reviews exist, but they are likely to be is lexatrade regulated ordered by competitors because there aren’t any photos. I learned about the company much earlier, but I came across a network about the negative about it. In comments on one forum, I read the information that «LexaTrade courses scam,» fraud, etc.
In case the Client makes a deposit via bank transfer, the Client can use only one bank account, which is registered in his country of residence. You agree to send an acknowledgment of the transfer in accordance with the standards. In the case when the Client does not provide a confirmation of the deposit, sent via a bank transfer can be returned. All perfect calculations and forecasts are based only on the knowledge of the Company and the indicators are presented in our interests. With this agreement you confirm that you are familiar with and understand that the figures may differ from those presented in the primary market. You agree that it is you who are responsible for all transactions you have conducted.
Its first year of operation revolved around managing cash transactions in real-time trading using PAMM accounts. It then enhanced its offered trading solutions and its trading assets and instruments in the following years and groomed itself to become an emerging online brokerage brand. Below we compare LexaTrade to other CFD broker which offer both retail investor accounts and Professional account with a similar proposal and financial instruments. So step by step process of opening requires you to follow the LexaTrade sign-in link where you will be guided through a quite simple process of opening step by step. The demo account will be opened within 5 minutes, while to start Live trading you should submit necessary proves and documentation. Customers may contact customer care at any period during the day or week through live chat or email, which is handy considering that many brokers offer assistance for five days in a week.