Is LexaTrade a Scam? Honest Review 2023

Members also engaged in health care fraud by having doctors issue unnecessary prescriptions for expensive compound cream, court papers say. The organization obtained roughly $3 million of contraband cigarettes and stole credit card information to make new fraudulent cards as well, according to the indictment. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Suggested companies are based on people’s browsing tendencies. Claim your profile to access Trustpilot’s free business tools and connect with customers. Lexatrade is a scam company and it is going to close sooner.

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So don’t use this platform and research well before choosing a such platform. 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 charges a service charge of 5% when customers has made less than 5 independent transactions. LexaTrade provides access to popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.

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. Brokers required various licenses and regulators’ approval to serve investors and traders.

Crime & Mayhem

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 lexatrade owner to the higher accounts. LexaTrade is a financial trading platform that offers a range of financial instruments for traders to choose from, including contracts for difference (CFDs), foreign exchange (FX), and cryptocurrencies. 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.

LexaTrade company profile

The charges are higher compared to the platform we have reviewed so far. The spreads vary on the account type and the  instrument traders trade in. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types. If you’ve been following our Lexatrade review, you’ve likely noticed that the broker takes a step forward and a step back.

Lexatrade Review: Comprehensive Broker Analysis

1. If a trade position is kept open and carried over to the following day, a commission will be charged to the trading account for using the credit.
2. LexaTrade has a referral program in which you’ll receive up to 50% deposit amount as a commission.
3. See our “Cancellations, Closings and Delays” page for more information.
4. LexaTrade is a financial trading platform that offers a range of financial instruments for traders to choose from, including contracts for difference (CFDs), foreign exchange (FX), and cryptocurrencies.

Many people have complained that LexaTrade has locked or stolen their funds. Either balance gets zero or unable to withdraw funds due to invalid reasons. But Lexatrade is severing the whole world through its website. It is registered in Saint Vincent and the Grenadines which makes no sense. At a glance, it seems amazing platform and opportunity to earn trading profit with LexaTrade experts.

Lexatrade offers personal account managers to its users and they help in trading. Lexatrade charges a spread on trades, which is the difference between the buy and sell price of a financial instrument. The spread varies depending on the account type and the financial instrument being traded. LexaTrade has a referral program in which affiliates receive up to 50% of the deposit amount as a bonus.

Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc. However, the broker has a low user rating, with mixed reviews as some complain about the platform while others appraise it. So, to help you out in deciding whether it’s a worthy broker, let’s take an in-depth look at the platform with our detailed LexaTrade review. LexaTrade is a reliable broker that provides exceptional speed, functionality, and profitability. The platform is designed to offer a convenient and user-friendly trading experience, with excellent terminals that make trading profitable while minimizing risks. With over 170 trading instruments, various tools, and timely risk management features, the platform ensures a high-quality trading experience overall.

Each account type comes with its own set of perks, with the higher account types offering the best perks and benefits. We use dedicated people and clever technology to safeguard our platform. They even have affiliates who individually promote platforms to others and force them to invest maximum money.