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But later, you will realize that you got scammed by the broker. Its fraud company, dont upload money with this portal. I have uploaded some moeny and post that they have locked my amount and i am nither withdraw nor able to trade. They are asking more money to upload to enable my account and not returning the amount that i have already uploaded. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition.
We offer a Free Consultation when you file the complaint with us. Trading can help you to earn extra income, but at the same time, it is also meant to lose your funds if you don’t watch out. Trading is protected and dependable with the right broker and a nightmare with a scam broker. It implies that you should pick a reliable broker for trading instead of a shady and offshore one. Therefore it is significant to figure out about LexaTrade before investing your money.
Unfortunately LexaTrade doesn’t offer a lot of information about withdrawals but according to the website, a representative will contact you to complete the processing, which takes up to 24 working hours. The methods for deposit are Visa, CryptoWallet and e-Payouts and we assume the same methods will be used for withdrawals, although LexaTrade doesn’t mention this specifically. 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.
Sir / madam in this regard I searched the company address of India. Also I am drafting email to send my complain to SEBI, RBI and IT dept. 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.
In a few weeks, we managed to increase the deposit by 15-17%. This is taking into account my caution, I don’t buy everything in a row, I carefully monitor the news. The overall structure of the accounts at LexaTrade is too expensive in my opinion and putting a $10,000 barrier between the trader and MT4 means that the majority of clients will not use this platform.
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. The website is translated in 6 languages, https://cryptolisting.org/ the platform is relatively easy to use and offers all the features needed by an average trader. A mobile platform is available but Demo accounts are not; US traders are not accepted.
Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. Nearly all brokers will give you a raw deal if you fail to read their ToS regarding their deposit bonuses. And stay alert, scammers like lexa trade are present here too, misguiding the public. I registered with them by depositing $250USD and play couple of trade and earned $236usd. They tell me rubbish rules which they did not inform at the time of joining.
Click the following links to hear the behavior of the executive’s in lexa trade. Lexatrade customer service is bad, the account managers are irresponsible please becareful to use them, they are so frustrating. Since they persuade to open account, after I do know of them attend to my email again. LexaTrade broker is essentially saying that they will only give you your profit when you have attained their required volume of trades.
LexaTrade Broker Withdrawal restrictions
Overall this is a promising broker but a few tweaks here and there would make it a better one. Lower deposits, more information about deposits and withdrawals, a basic FAQ, and a demo account are just a few adjustments that would go a long way and would make LexaTrade a higher-tier broker. That being said, they are very new at the time of this review, so there is time for improvement.
Now daily some 10 people call me to start trading and if I say I am not interested they wont le t me go. Assuming you deposited $100 and lost 60% of the funds and attempted to withdraw $40, Lexa Trade broker would never process such withdrawal request. Brokers Complaint is one of the best recovery agencies specializing in Lost Cryptocurrency funds recovery. We also help victims of Forex frauds, Binary frauds, Investment scams, Pension frauds and many other types of scams. Also, scammers, as you read in this ASR review, are famous for not withdrawing your money.
LexaTrade Bonus
There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website. 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. lexatrade owner This is mostly the case when a broker buys a white label from a company that offers MT4 trading platform for renting. The most commonly used trick that scammers follow is offering a high bonus. They offer appealing returns that may look promising and attractive and make you invest in that plan.
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. The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. 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. Bonuses and incomes will only be withdrawn when a trader reaches a certain volume of trades. I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time.
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There are no reviews or feedback at all regarding the services offered by this broker. Traders are advised to avoid brokers who charge unnecessary fees for the use of their services. Brokers Complaint can have advertising and affiliate relationships with some of the trusted recovery companies and may be compensated through them .
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. You would be forced to top up to the minimum of $50 before placing a withdrawal request. Also, if clients don’t have a significant trading volume yet, the company intends to charge a commission of 5%. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified. Information about withdrawals is missing and this should be addressed by LexaTrade. 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.
Please be noted that all information provided by ThatSucks.com are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person. Lexatrade has been serving my trade for 3 months now. I used to trade in crypto, then I moved to the foreign exchange market.
- Live chat support was available at the time of our visit but a bit slow to answer.
- Yes, trading with Lexatrade is a fraud/scam cheating making fool of small investors/traders by misguided by the staff insisting for more money deposit for stock trading.
- We offer a Free Consultation when you file the complaint with us.
- On request for withdrawal of USD 400, I was advised to open a del in sell segment of Natural Gas with USD196 than my entire balance gone negative.
- It implies that you should pick a reliable broker for trading instead of a shady and offshore one.
These benefits seem to be general in nature as the broker doesn’t talk of something we’ve never heard from brokers. We’re not sure what LexaTrade broker means by saying “a free trial account with profit”. Clicking on the link to discover more takes us to a sign up page where the broker requires us to create a trading account. The website has not published a live spreads widget on their website. However, they’ve at least published a table showing the spreads they charge for different asset pairs.
LexaTrade Review
On request for withdrawal of USD 400, I was advised to open a del in sell segment of Natural Gas with USD196 than my entire balance gone negative. Even the personal manager engaged for help do not bother for small traders. Brokers Complaint is always trying to find different scam brokers present in the market as well as the new emerging scam brokers to warn traders.
If you have been drawn nearer by a trick firm, then, at that point, contact Brokers Complaint to get fund recovery. Many fraud forex brokers or other scam brokers are working under fake organization names or other deceitful activities. A fundamental examination can go far in securing you and your accounts. Managing financial firms approved or enrolled by legal authorities gives you more prominent assurance assuming things turn out badly.
