Lexa Trade review: Is it a legit or scam forex broker?

Instead of falling for the LexaTrade scam, we recommend you to start with a more trusted platform like InvestFW. Yes, LexaTrade is a scam broker as it is not regulated by any top tier regulatory watchdog. However, it claims to hold a license from the International Financial Market Relations Regulation Center (IFMRRC). Despite this, it is an off-shore broker restricted to operate in the US and Europe. As per LexaTrade conditions, if the referred client makes a deposit between $500 to $10,000, then 50% of it will be the referral bonus. LexaTrade has a referral program in which affiliates receive up to 50% of the deposit amount as a bonus.

That’s especially true if the bonus goes as high as it does at lexatrade.com. The broker has a lot of complaints and the majority of negative LexaTrade reviews can be found at Trustpilot. Meanwhile, most of the complaints are related to the LexaTrade is a scam and accounager who force clients to make more deposits.

LexaTrade

Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice. LexaTrade customer support is very impressive as it offers full-time support with 24/7 operating hours. The broker can be reached through multiple channels, including phone line and email. The support team is problem-solving and responds quickly, so the overall communication with the team was great. Hope the above information is enough to know the basics of LexaTarde, account types, its services, fees and referral program.

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. The broker’s offer does actually LexaTrade Review seem decent enough, but the presentation isn’t up to par. We’ll see if the broker’s functional prowess ends up improving what we think.

What Trading Accounts Are Available At LexaTrade?

Yes, the broker offers trading services across the globe with a focus on countries like India, South Africa and most of Asian countries. The broker has a low user rating of 2.1, which clearly shows the platform’s low credibility. While looking for the platform on Trustpilot, we went through many complaints, which indicate LexaTrade is a scam. In order to attract more traders on the platform, LexaTrade often starts promotions. There is not a single complaint regarding the same, so, we can rate it good in this case.

There is no mention of an inactivity fee but we cannot guarantee that you won’t be charged one. Live chat support was available at the time of our visit but a bit slow to answer. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. On our website, you can see that some users have reported scams. We aren’t the biggest fan of the huge jumps between the sums you need for different account types. However, that’s a minor complaint, as what you get for each account is actually pretty fair for the price point.

LexaTrade Account Types

So don’t use this platform and research well before choosing a such platform. Organization and company which provides financial services need to obey various policies and get approval from regulators in every jurisdiction. We are back with our unbiased review of LexaTrade, an online trading broker company. The data contained in this website may not be real-time and accurate. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. Furthermore, while there are some solid conditions, they all come with high price points.

The broker doesn’t hide the fact that it’s trying to goad you into depositing more. Even the withdrawal speeds increase as you go up to the higher accounts. And without the broker specifying the times, who knows how long it might take for you to get your money. There are also other newbie-baiting features, such as the bonus that Lexatrade offers. A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages.

LexaTrade Review: Promotions, Bonuses & Offers

This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. This company does not do its job well, and pretends to be a broker that does not give https://investmentsanalysis.info/ returns at all. When I invest 350s, I immediately get the indices and the operations resolved to make me lose my money. IFMRRC stands for International Financial Market Relations Regulation Center.