The clients were not even all praises in the entirety of the broker’s services, leaving some room for improvement and giving us a clear indication that LexaTrade also has its share of flaws and setbacks. However, we can’t neglect the fact that $100,000 is a hefty sum and isn’t something anyone can reach. So there’s the argument that some regulation is better than none, and that does hold up.
“Scam Company”
It’s a shame they couldn’t deliver on their promises, and I wouldn’t recommend them to anyone looking for reliable trading. My close friend and her acquaintance, who introduced me to XM Broker, had the same issue but got help from a recovery expert. Recently I decided to finally invest money in the securities market. The most important thing is that the money came without cheating.
The broker provides clients with about 50 currency pairs, gold, silver, and other precious metals, as well as pointers and cryptocurrencies. Kingsley Cole, A young and brilliant guy, called me and gave me the details via skype video call, email and normal call, I adhere to what he told me and I am experiencing it in a positive way. Lexatrade has gotten all my hard earn money stucked and refused to allow me make a withdrawal of my assets, I met a review on how csp_jaun (at) proton. Me helped someone got their stolen money and I decided to give it a try and later put a smile on my face. Lexatrade has five different account types covering budget and high-end options. The broker uses a tiered account progression where each type requires you to reach a specific threshold.
LexaTrade is ambiguous about how deposits and lexatrade reviews withdrawals work, and we can only get come basic information in the refund policy page. The minimum withdrawal amount is 50 USD, and if a client withdraws the money without realizing 5 independent transactions, LexaTrade will charge a 5% fee. LexaTrade also provides a demo account that allows you to try out the financial markets without the risk of losing money. Investing in commodities can be a great way to diversify your portfolio and achieve long-term gains. It’s important to carefully consider options before making any investments, and LexaTrade is a trusted broker that can help you navigate this process.
Real User Experiences and Reports
They are reliable asset protection specialists, and I am sharing things for others who might require their services too. I was more interested in stocks, but then I also invested a little in crypto. With the transfer it is difficult, the money goes for a long time. I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time.
Also keep in mind that the company is regulated (IFMRRC), which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all. Despite limited information available on the LexaTrade website, other Lexatrade broker reviews will tell you that the broker is under the Maxi Markets group. However, LexaTrade forex broker’s official site claims that the brand is owned and operated by Swissone Group Ltd. Nowadays, it is second nature to an investor to choose an officially regulated broker with a decent regulatory history. Hence, it is of primary importance for a forex broker to assert its legitimacy through its regulatory certifications. Their platform and interface look clean and the account types are versatile enough to accommodate both newbies and professionals.
Forex Signals Provider
- We take everything we just talked about into consideration and translate it into a number anywhere between 0-10.
- 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.
- Information about withdrawals is missing and this should be addressed by LexaTrade.
- The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client.
- Legitimate specialists might have the option to accomplish something, yet controllers can remove the license from trick intermediaries.
- And that’s without mentioning our hunch that the broker isn’t entirely honest.
This is to provide the necessary time for necessary transaction procedures. They offer a lot of instruments to the retail side at reasonable costs. Plus, the additional tools and bonus packages make them a dominant player in the sector. A lot of times, catalysts like news events make the assets move swiftly and it will be a trap for the people on the retail side. 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.
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. Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with. Thus broker seems to be lacking such regulation or how genuine is lexatrade there is no proof of it. 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. Payment can be made in three days – using the lender’s debit card, electronic services, or bank transfers.
- However, for a newer trader, the website may look too daunting.
- This broker offers a balanced mix of functionality and user-friendliness.
- This ensures that the trader can take into account the most insignificant prices and get a high level of volatility.
- It also enables traders to experience 1-click trade execution.
A mobile platform is available but Demo accounts are not; US traders are not accepted. LexaTrade has often been found on the wrong end of maligning client reviews. However, it is crucial to note that not all client reviews came from the real clients of the broker.
Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. 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. Let us now take into consideration the highlights of this review to give a summary of Dowmarkets’ overall performance as a broker.
All are fraud, in web interface withdrawal option in present but you can not intialize refund the amount. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the (sometimes) stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. However, withdrawals may take a bit longer, usually about 3-5 business days to process.
