Is LexaTrade a Scam? Read This Brutally Honest Review

Fund your account for free with these quick, easy and secure methods. The updated HF app now features direct access to your myHF area. HotForex offers various accounts types, trading software and tools to facilitate individuals and institutional customers to trade Forex and derivatives online.

As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and taking into account your investment objectives and level of experience. Today it gives clients the opportunity to trade on price movements of CFDs on indices, shares ETFs, options, commodities and Forex, without having to buy or sell the underlying instruments. With offices all across the globe, it has become an internationally renowned financial services provider that is one of our top choices.

In my past experience my deals had been making money and so I picked those deals. The difference this time was that i had made the first request for withdrawal of some funds. Now – I’m looking for an answer to why this happened, and after consulting with Lexatrade, I know it’s a scam. It’s time to tell people the truth – Lexatrade is the sister of many Scam companies registered on St. Vincent and Grenadines. This is where our eastern neighbour found the cradle of his gold-bearing business. Some even have the same contact numbers or addresses.

lexatrade review

LexaTrade derives the majority of its revenues from direct trading costs consisting of spreads charged on over 2,000 assets. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed. Tell our team and traders worldwide about your experience in our User Reviews tab.

I noticed a lot of figures on my account weren’t adding up so a little investigation revealed they were helping themselves to my investment. I found this disturbing and wanted out but they made it difficult. However, ReimBurse SoluTions Protection helped get my money out successfully. All information on is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.

Is LexaTrade Legit or a Scam?

We have created and implemented an online platform for easy and efficient trading. Profit with minimal risk by using all the features of the terminal. Trader’s Way was established by a group of financial market professionals dedicated to spreading the values of free, limitless trading globally. We provide our clients with the widest opportunities available on financial markets.

For your convenient and effective trading, we have developed and implemented a new online platform. Use all the capabilities of the terminal and make profit with minimal risks. XM is an award-winning forex and CFD broker that serves clients from 196 countries on 5 continents. We have clients from over 196 countries and staff speaking over 30 languages. Our management has visited over 120 cities globally to understand clients’ and partners’ needs. Our clients can choose to trade forex and CFDs on stock indices, commodities, stocks, metals and energies from the same trading account.

With a wide range of trading instruments available from a single multi asset platform XM makes trading easier and efficient. All our systems are built and updated with the client in mind. Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients. Experience a seamless mobile trading experience today, with the new and improved XM app. FP Markets has developed a proud reputation as a Forex broker. In Australia, the company operates under an Australian Financial Services Licence and has received the ‘Best Forex Broker Australia’ award.

  • They offer exceptional online trading services to retail and institutional clients from all over the world.
  • They tell me rubbish rules which they did not inform at the time of joining.
  • has revolutionized the world of online investing.
  • XCritical is an innovative trading platform wholly capable of technical analysis without referencing any specific broker.
  • While the broker is not being regulated, LexaTrade is able to provide security to its clients investments through its offer of reliable trading platforms.

And when the crypto is sold at a higher price, a profit is earned. After earning a profit, the system takes a percentage as the service fee. This money is deducted from the investors’ profit. We think this is a fair deal because no deduction is made if the investor does not make a profit after the live trading session. As we are wrapping this in-depth LexaTrade review, the only thing I would say is to avoid this platform.

LexaTrade is an online broker registered in Saint Vincent and the Grenadines in 2018, has IFMRRC certificate of conformity No. 0395 AA V0142 and is licensed by the Securities Commission. The broker can be reached through multiple channels, including phone line and email. The LexaTrade referral program activates when you invite your friend to sign up for the platform. For each successful deposit your friend made, you’ll receive up to 50% of the entire amount. The user-friendly UI of the platform caters to the needs of both beginner and professional alike.

View spreads on our most popular cash instruments. Tickmill provides premium trading products and services with transparency and innovative technology. Get access to 80+ instruments with spreads as low as 0.0 pips and some of the lowest commissions on the market. All our trading platforms are powered by innovative technology and advanced features to cater for our clients’ evolving needs. Get easy access to Cryptocurrencies, Stock Indices, Commodities and Forex markets from a single account. Be one step ahead and Improve your trading results with our industry-leading technology.

Forex broker LexaTrade site offers traders to open Start account with an initial deposit of $ 100, which is a fairly advantageous offer compared to other brokers. To make it easy for merchants to conduct financial transactions, developers created a convenient interface and an affordable system. With a free open API, Torobase is optimized for algorithmic trading and offers instant… The platform focuses on ‘no frills’ trading with all the key information required to trade on a single screen. This can be useful for beginner and intermediate traders, as all the critical information needed to make a trade is at their fingertips, yet it may be too restrictive for expert traders.

Broker Types

WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. “If, in general terms, the company works honestly, and I would not say that there are some illegal actions.

lexatrade review

The platform supports all major payment methods for deposits and withdrawals, including bank wire, credit /debit cards, Skrill, Neteller and OrangePay. The brokerage company LexaTrade login is an organization with many years of experience, providing traders with services within their electronic system. Today, the broker positions itself in foreign exchange market as one of the most successful.

Bitcoin Loophole has an accurate payout system that works automatically after each live trading session. Bitcoin Loophole is safe and secure; it is also very easy to use. We have studied how Bitcoin Loophole works and discovered why the platform is so effective. For example, when we asked about fees they provided all relevant fees, including financing rates.

LexaTrade Review: Customer Support

At the bottom of the page is information about open and closed transactions, as well as chat help. The design allows users to see only what they need in a simple and understandable presentation. 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.

The broker offers a web-based proprietary platform that lets users experience advanced trading. It claims to offer advanced trading tools, increased speed and safety. However, I didn’t find anything special about it. IC Markets mission is to create the best trading experience for retail and institutional clients alike allowing traders to focus more on their trading. Built by traders for traders IC Markets is dedicated to offering superior spreads, execution and service. Raw Spreads are the difference you’ve been waiting for.

Tips for New Investors

The bonuses and the promotion programs look generous. There is not a single complaint regarding the same, so, we can rate it good in this case. The deposits are instant, while the withdrawal may take up to 3-5 business days to process. In my opinion, the platform should incorporate more payment methods. And has global presence with headquarters at Beachmont Business Centre, Suite 39, Kingstown, Saint Vincent and Grenadines.

Tier one liquidity ensures that there is no conflict of interest. EagleFX allows you to trade a variety assets and enjoy uninterupted lexatrade review 24/7 trading. On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing.

It offers professional algorithmic traders a modern platform with high leverage. Torobase offers an open API for free and is optimized to allow algorithmic trading. It provides instant access, secure funding and… Under the latest repurchase programme which the company announced in Q1 of 2021, $25 million worth of ordinary shares were bought back from the open market. It can give great peace of mind knowing that you are trading on a reliable and reputable platform in a regulated environment. The LexaTrade Trading Platform is an easy to use platform, which allows customers to trade on a large variety of instruments.


We provide clients with access to the widely acclaimed MetaTrader trading system. Benefit from low spreads on all tradable assets thanks to our access to top liquidity providers. We eliminate extra costs and maintain low commission and swaps fees on all trades. Our customer service team is ready to help you with any queries you encounter, via live chat, email or phone call. Start learning to trade without risk by using a free Demo Account with the same trading conditions.

All client deposits are held locally in a segregated Australian bank account separate from our own operating funds. Torobase is a global online trading platform that offers access to the world’s markets. It is equipped with a modern platform and high leverage, making it an ideal choice for professional algorithmic traders. With a free open API, Torobase is optimized for algorithmic trading and offers instant access, secure funding, and instant deposits and withdrawals.

2023-02-10T03:08:53+00:00Categories: Forex Trading|