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LexaTrade has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options. With LexaTrade, the minimum and maximum trade requirements vary depending on the trader and the instrument. Like most brokers, LexaTrade takes a fee from the spread, which is the difference between the buy and sell price of an instrument. They will take all possible actions to recover your money back.
They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android. If you have lost your money to online scammers, there is an opportunity you could get back your money.
How To Get Back Your Money Scammed By LexaTrade?
Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page. After a few years, I moved to London School of Business and Finance to continue pursuing lexatrade rezension my career in investing, and I eventually landed a job at Credit Bank Europe. The experience I got there was invaluable, plus it assured me that online trading was something I want to do for a living.
The truth is, there are often plenty of red flags that indicate ahead of time that the broker may not be honest. The extravagant claims should be a red flag that the broker is a scam. Unfortunately, when clever scam brokers break down the claims to 1 percent a day rather than stating outright 250% a year, it is easy to overlook the hyped-up language. However, days and even weeks go by and the LexaTrade login still does not allow access to your account. At this point, you can feel confident that LexaTrade is a scam, but unfortunately, by this time, they may have absconded with your funds. Fund-recovery.net has identified LexaTrade as a potential scam based on a volume of customer complaints about LexaTrade withdrawal problems.
- The truth is, there are often plenty of red flags that indicate ahead of time that the broker may not be honest.
- As for the LexaTrade leverage levels, as always they are depending on the instrument you trade or platform you use and also defined by the regulatory restrictions.
- As already communicated to you, we have analyzed your trading activity and we have sent you the profits that you made through your legitimate trades.
- This forex broker comparison for LexaTrade was updated in 2021 by a panel of Forex trading Australia experts who have considerable experience with the Forex market.
- I think its better avoid cysec brokers especially LexaTrade.
- Also the LexaTrade innovative and intuitive app allows trading on any iOS or Android devices, giving access to markets anywhere and anytime.
With this platform, traders can access all listed assets easily. It runs on all operating systems with 81 technical indicators and other analytical tools. It caters to News Headline and Financial Calendar, which are important ingredients for fundamental analysis. With these awards, we can say that LexaTrade is living up to its core values as a simple, honest, and transparent broker that gives good service to its traders. The firm is dedicated to protecting its clients and has stated that LexaTrade regularly identify, assess, and control every risk associated with its operations. With this said, the broker has implemented a Secured Socket Layer which protects the website and its platforms against cyber attacks.
Good Service
They say there is a warrant out for your arrest, but that you can pay a fine in order to avoid criminal charges. Of course, these scammers don’t take credit cards; only a Western Union Moneygram, other wire transfer or pre-paid debit card will do. False promises of business or personal loans, even if credit is bad, for a fee upfront. You have read, understood and accept the Product Disclosure Statement, and reviewed the Financial Services Guide.
To access this feature you need to be using the LexaTrade platform, not the MetaTrader 4 platform which LexaTrade lexatrade scam also offers. When taking your position, you must activate dealCancellation as shown on the screenshot below.
Is LexaTrade A Scam?
Deposits can be instant on the trading platform with electronic methods. In addition, the withdrawals can be up to 1 – 3 working days. 1) You must have carried out transactions, of significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters. 2) Your financial portfolio including deposits must exceed €500,000. 3) You have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services. The LexaTrade Web platform is a powerful platform that does not require downloading of the software.
Misappropriated funds can be recoverable by the government as well. Licensed brokerages are under many rules of trade and this gives traders a level of assurance. So by trading numerous instruments, you also may use powerful tool leverage, which may increase your potential gains through its possibility to multiple initial accounts balance. Yet, make sure to learn how to use tools smartly, as high leverage an incorrect use increases risks as well.
A Very Interesting And Important Markets
The firm also doesn’t charge any fees for funding or withdrawing from your account. The minimum initial deposit is $25 and commits to its core concept of honesty by being transparent to its clients with no hidden fees. Securing funds and investments are very important to any trader in online trading. LexaTrade have financial security programs to protect their clients. As part of its core value of transparency, the firm lets its clients know that all client funds are separated from LexaTrade funds.
Our LexaTrade review found that customer service and training were the two key strengths of the forex broker. Fixed spreads mean that you will always know what the difference is between the buy and sell rate for currency pairings (eg AUD/USD). The provides certainty that you know the fees of every transaction, unlike most other brokers whose fees will vary depending on the market. Variable spreads such as offered by Pepperstone, IC Market and Axi can be lower compared to LexaTrade as the spreads are raw. This means the spread is determined by liquidity pool without intervention from dealing desk. Being one of the leaders in the forex trading industry, the LexaTrade broker opened its doors for business in 2001.
In addition, there is a possibility to use charts and analyze the markets. For instance, the software includes all 81 indicators that are available in the desktop version. The Freeze Rate lets traders stop the quotes changes for up to three seconds. This might be a very good tool in highly volatile markets. It is hard to give an opinion on the instruments provided by LexaTrade. If we have a deeper look, then we can name the main sources of information from this broker.
The in-app tutorials about how to use the app are very simple, brief, and straight forward. But the explanation of some very key trading options is not explained clearly. You might lose some money accidentally if you do not understand the difference between their easyTrade option and their day trade option. For novices beginning from the area of forex Foreign exchange market or commodities trading, then LexaTrade is an absolute c1 to trade at. The trading programs range from Web Trading and MT4 that provide excellent functionality and simplicity of usage. The selection of bonuses and promotional supplies is covers and substantial friend bonuses, before all else deposit bonuses and more secure trading amongst others.
Scammers gain access to your confidential information, like socil security numbers, date of birth and then use it to apply for credit cards, loans and financial accounts. Typically, the victim receives an email that appears to be from a credible, real bank or credit card company, with links to a website and a request to update account information. But the website and email are fakes, made to look like the real website.
Serious Broker And Customer Care
Traders can get their account 24/7 and delight in a vast selection of tradable stocks. The LexaTradeMT4 platform provides in-depth analysis for traders. Having some 85 indicators offered and two decades of back-testing this stage is designed for optimum functionality and efficiency. Traders trying to accept their trading over the move would delight in the iPhone trading platform. It has graphs, money prices, financial calendars and much more. There are three basic account types supported on LexaTrade, including the Standard account, the Premium one and the VIP account.
This website uses cookies so that we can provide you with the best user experience possible. It seems to good to be true to cancel a deal that has against you within an hour?
Many of the positive reviews seems to have been left after the exchange reached out to a selected number of customers encouraging them to share their personal experiences. Terrible customer service, slow to respond, incompetent and careless to say the least. I am a small retail trader with LexaTrade from a long time now. All trades and withdrawals are executed in a timely manner. I personally approach an employee for any assistance and he is spot on. LexaTrade ticks all required boxes for me so I am happy with them. The platform is innovative and includes features that you cannot find anywhere else.
The system, of course, never arrived and the seniors were left with a charge they had trouble getting refunded. Easy rule of thumb – be wary of ‘free’ offers that require your personal information upfront and always verify with the supposed friend or family member that the caller says paid for the service. Thanks to WEALTHWATCHS, com that assisted me in recouping my money back from easy markets. They block all negative reviews especially on trustpilot and deceive people with the fake positive reviews. MetaTrader 4 is a popular trading platform amongst traders and LexaTrade included this powerful platform in their list. This platform allows traders to use advanced trading knowledge to customize their terminals and display multiple live charts while using technical indicator overlays. Due to its ability to integrate a wealth of features that allow tailored market analysis and automated trading, most traders choose to use the MT4 platform.
Forex trading in Cyprus is under the supervision of the Cyprus Securities and Exchange Commission. When we checked the online register we found that the broker is truly licensed and registered there. From our own experiences so far, it is safe to say that LexaTrade has been designed with user experience as the most important factor.
