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We got relevant and fast answers both on the telephone and by email. The live chat agents are also helpful and give relevant answers, however, response time was slower. If you have been contacted by a scammer, please visit our contact page.
Autochartist is a common technical analysis tool among traders, so training videos are easy to find online. Lexa trade is a big fraud, people must keep away from continuous delivery maturity model these scamsters, very dangerous elements. Mostly Indian employees and they claim to be in London and call using fake nos, skype communication, rarely on email.
Attendant on the fees strata is bonus levels, requiring traders to meet target trading volumes to clinch them. 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. It doesn’t do anything to stand out, and the vast majority of traders can easily find an option that’s both more comfortable and more powerful. Lexatrade offers full-time support with 24/7 operating hours. That, along with the multiple phone lines, makes the broker easy to reach.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. They offer a lot of instruments to the retail side with reasonable costs. Plus, the additional tools and bonus packages makes them a dominant player in the sector. The most common sign of broker scam or Forex trading scam is that the broker is either not regulated at all or has a low quality regulatory license.
Range of instruments
However, using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance. In the event of a bankruptcy, chargeback redresses can fetch victims up to eighty-five thousand GBP per person and twenty thousand GBP per person . There are way too many categories on lexatrade.com, and navigating around the website is challenging. The dropdown menus have vague names, and as such, the categories inside them seem almost arbitrary. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates.
Bonus amounts are great when it comes to enhancing your capital, but for best experience, it should be used with caution. Minimum withdrawal amount and processing time is not clearly mentioned. However, it does enable people to trade the international markets from any device with an active internet connection. Charting is also adequate and a lot of trading tools are available right on the homepage itself. Leverage and spreads change from time to time, for accurate figures, you have to contact the support team.
Use this review to guide your trading decisions and also do your due diligence on lexatrade. Unfortunately, many non-withdrawal brokers use these excuses as a cover to make it look like they’re not a scam. This is to prevent them from wanting to withdraw their money if they are scammers.
trading lexatrade.com Crypto
We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. Sir / madam in this regard I searched the company address of India. Can anyone suggest another regulatory body where can I put my complain. I am going to file the cyber crime complain kraken trading review against them if they did not refund my money. They are scamsters hiding in remote offshore islands with no law and order. They encourage you to extract maximum amount from you and then open deals conveniently to bring you down to “ALL RED” and refuse to return a single penny.
Please dont invest your hard earned money with Lexatrade.com. They will finish you with calls until you give out your money after which you will start begging them but they won’t listen. Yes, it is dangerous without regulators, but they can offer better conditions.
Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest. 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. 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. If someone knows how to trade profitably, they either trade for themselves or run an investment company. Just like every other broker, to unlock more sophisticated functionalities and features, clients have to opt for more expensive account types.
Lexatrade review
The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review. However, you can only unlock MT4 after depositing $10,000. And even then, you only get the web version, and you need the $50,000 account for the full unlock. There are also other newbie-baiting features, such as the bonus that Lexatrade offers.
Broker Types
The asset class is huge and regardless of the type you choose, it won’t be a herculean task to maintain a diversified portfolio as long as the risk management is present. 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. Based on this user feedback, it appears that LexaTrade is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.
Some brokers may offer a wide variety of trading products, while other brokers may specialize in one area, such as foreign exchange. The accounts of most brokers vary according to the amount of the transaction. Because leverage is directly related to risk, it is provided in small amounts.
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A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages. That’s especially true if the bonus goes as high as it does at lexatrade.com. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader.
Compared with many other brokers, the trading tools available on the lexatrade platform are relatively limited. The distribution information on the official website of lexatrade is not fully disclosed. Submit your lexatrade broker review and help other traders choose the right broker.
Forex Peace Army
The asset access is limited, your withdrawal requests are low priority, and the spreads are extremely high. We’re nearly certain the broker made the accounts just to seem more open. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back. The case with its funding is much of the same, as there are some things that look good. For starters, there’s the fact that the cheapest account doesn’t require a huge deposit. Also, the spreads on the VIP account are relatively tight.
When the broker gets your money, he can do whatever he wants, as long as it is not supervised. This does not mean you are discouraged-in many cases, trading is safe and reliable, but only if you choose the right broker. Go to the web sign-in option for traders via the official link. Ordinarily, these tools are enough to bolster your profit options, depending on how well you use them. Regardless, forex is open to speculations, implying that external demands like compliancy to LexaTrade scalping can adversely affect profit margins. For this purpose, the Barclays Bank is used, which operates internationally and is always liquid.
If you receive a call from a specific broker, but you have never registered with him. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. How can you tell that a broker in the mentioned countries keeps your money safe? Because protective measures ensure that traders get their money back via the FSA if the broker defaults. FSA requires all brokers in its purview to meet the following criteria to keep up with the strain of traders’ cash-outs.
I have tried all I could but these guys keep ignoring me. Unfortunately, it is almost impossible to get the money back from this type of broker. You can try to withdraw small amounts , but do not invest more, you will only lose more in that case. You can also report about this issue to your local financial regulator or the regulator where the broker claims to be located. The default proprietary platform is good enough, with an intuitive interface and a solid set of analytical features. As such, we can’t hold the deposit requirement for MT4 against the broker too much.
In addition, client funds will be protected in the unlikely event of a bankruptcy or financial dilemma of quotefx with the Financial Services Compensation Scheme of up to £ 85,000. Use the Pro account and you pay only 2$ per traded 1 lot in Forex in commission. In the VIP account (from 50.000$) LexaTrade lowers the commissions to 1$. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Apart from Grenadine Islands and their Off-shore company address in a tax haven small country, they don’t have any offices anywhere.
Since our account forex news is a bit older, we can not tell you whether a deposit without verification is possible. LexaTrade is a true NDD broker (Non-Dealing Desk) with well-known liquidity providers. Which forex trading broker is the best or safest to trade with if am to borrow money from friends/bank to start?. Although FMRRC is an independent self-regulatory agency which was created to provide a level of regulation for derivative dealers and brokers. It has no connection to any official regulatory body, and has very few legal powers with regards to regulating FMRRC regulated brokers. While the first account is cheap, lexatrade.com also robbed it of most features.
