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LexaTrade Review: Honest Feedback on a Global Broker

The lexatrade.com login page has a whole section related to legal documentation. Moreover, when you bump into many scams and start thinking, “Oh, why forex is a scam? Today we are going to do a LexaTrade review and see whether this is another scam or truly a legit broker.

Lost Money To LexaTrade?

The broker’s low user ratings of 2.1, which shows the platform’s low credibility. Rather than opting LexaTrade scam, we recommend you to incline towards a more trusted platform like InvestFW. LexaTrade is a Forex and CFD broker that offers to trade in currencies, indices, and lexatrade scam commodities.

It encourages its traders to participate in a program to maximize gains. LexaTrade lists the world’s biggest stocks, previous revenue, and forecasts. It also includes the date when the forecasted value is expected to happen so traders can prepare. One of the most popular bonuses it offers is the Refer a Friend program. When an existing client successfully gets another trader to sign up to LexaTrade, clients are awarded up to 50% of the deposited amount of the new client.

• It is equipped with over 170 trading instruments, various tools, and timely risk management that provide a quality trading experience overall.
• LexaTrade has certainly made it big in the trading industry, so let’s find out what makes it a cut above the rest.
• It contains no legitimate grounds or even constructive criticism about brokers.
• Legal avenues are limited when the broker is registered offshore and lacks a regulatory framework.

Use ad blockers that stop malicious ads, images, and other content that antivirus might miss. Pay close attention to installation options and uncheck agreements for toolbars and add-ons. Without bodies like the SEC, FCA, ASIC, or CFTC, client money is unprotected and complaints lack a formal route. This review checks LexaTrade’s status, scam warnings, and recovery tips. We have read each section and can confirm that everything is filled in properly, and the conditions are not fake. Moreover, if anything goes wrong, it is possible to fill in a complaint form, and the company will try to solve the issue.

If the broker doesn’t hold any license, then there must be a risk of scam. Firstly, guarantee the license is from a reliable controller and not one who gives a license to any individual who pays a charge. Legitimate specialists might have the option to accomplish something, yet controllers can remove the license from trick intermediaries.

Red Flags And Risk Indicators

LexaTrade forex broker will give you a 70% welcome bonus and medium priority for withdrawals if you choose a gold account. To ensure the security of their clients’ funds, LexaTrade implements strict payment procedures. The client’s depositing method must also be used when withdrawing funds to prevent financial theft.

• Legitimate brokers typically provide such information to build trust with their users.
• It ensures that brokers maintain segregated accounts, provide risk warnings, undergo regular audits, and adhere to fair trading practices.
• Often, brokers registered in such regions promise favorable trading conditions, but this usually comes with weak regulatory oversight.
• Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose.
• LexaTrade provides access to economic calendars and news on its homepage.

It is compatible with any browser and can combine various commercial operations. It also provides listing charts that can be customized according to shifting time ranges. MT4 platform is a classic choice, especially for Forex trading, and has been trusted by expert traders since it was released in 2005. The broker offers a wide range of incentives, welcome bonuses, promotions, etc. New clients are especially showered with welcome bonuses as a means of getting them on board a unique trading experience.