LexaTrade is a global online trading platform offering a range lexatrade owner of financial instruments, including forex, commodities, indices, cryptocurrencies, and stocks. It aims to attract traders with promises of high leverage, multiple account types, and extensive educational resources. However, LexaTrade has been the subject of mixed reviews due to concerns about its regulatory status and business practices. LexaTrade markets itself as a user-friendly platform designed for both beginners and experienced traders. The platform also offers different account types, each catering to various levels of trading experience. Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc.
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This encryption ensures that your personal and financial information remains private when making deposits, withdrawals, or logging into the trading platform. LexaTrade BackgroundLexaTrade started its operation by just managing cash transactions in real-time trading using PAMM accounts. LexaTrade ReviewProper regulations usually ensure that forex brokers are sufficiently capitalized in the event of insolvency or trading losses. It also guarantees the broker’s commitment to maintaining satisfactory dealing practices and keeping your money in secure and segregated accounts. The LexaTrade forex broker ensures their clients the best trading experience, offering various benefits and bonuses throughout the year. But most importantly, these benefits are immediately laid out for new clients.
This site seems to offer (information about) services like investing in gold, oil, currencies, and off-shore. We have written an article on how you can separate the legit from possible scammy websites that provide high risk financial services. We diminished the review score of the website as it is using registrar facilities also used by many websites with a low to very low review score. High end domain registration bureaus have an extensive «Know your customer» process. It may be bad luck that so many websites with a low trust score reside at this registrar but we reduced the trust rating of the website to be sure.
Unfortunately scammers increasingly also use SSL certificates so it is no guarantee that you are visiting a reliable website. There is also a certain affiliate program on the site, which helps customers to bring new users, promising them a bonus in return. Lexa trade office is the part of the Maxi Markets group, as this site works on partnership terms with an offshore organization that provides access to the XCritical software. 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.
- 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.
- LexaTrade offers competitive spreads, with forex pairs starting from around 1.5 pips.
- Lexatrade charges a spread on trades, which is the difference between the buy and sell price of a financial instrument.
- However, fees and spreads may vary depending on the account type and the asset being traded.
- It displays high functionality, great customer service, convenience, availability, and dedication to clients.
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. Platinum account of LexaTrade broker takes the advantages and perks of previous accounts to a higher level. It was curated specifically for advanced traders who invest both in short and long-term. Dealing with an unregulated company like LexaTrade increases the risk factor of your money.
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One of the security measures that LexaTrade has imposed for the safety of its clients is strict payment procedures. The broker only accepts one method in deposit and withdrawal processes to prevent theft. It only partners with trusted global banks in handling their clients’ funds in segregated accounts.
Just like any broker, LexaTrade flaunts a set of advantages to fish investors in the sea of online financial investment. Below are the most salient benefits LexaTrade offers to its users. It comes with unique perks that will be very useful to professional traders. It is definitely more expensive than the Silver Account, but quality always comes with a price. Information about withdrawals is missing and this should be addressed by LexaTrade.
- The strongest suit of LexaTrade is its quality services, which were noted multiple times by traders in LexaTrade broker reviews.
- We identified an SSL certificate meaning that the data shared between your browser and the website is encrypted and cannot be read by others.
- Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds.
- Ready to lead a global mission and be a key player in the fight against online fraud?
- We see them in Hollywood films, ambitious and impudent, easily making profitable deals and getting richer in front of our eyes.
LexaTrade company profile
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. 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.
It provides access to trading in over 200 financial instruments and claims to support traders with educational materials, advanced trading platforms, and a variety of tools for market analysis. LexaTrade offers a competitive range of trading instruments and features, making it a suitable choice for both beginner and experienced traders. The platform’s user-friendly design, multiple account options, and access to popular trading platforms such as WebTrader and MT4 make it an attractive option. However, the lack of major regulatory oversight could be a concern for some traders who prioritize security and transparency. Even lexatrade owner when individuals reach Lexatrade for this, Their customer executive encourages upgrading the account type to get funds back.
Moreover these personal manager act as LexaTrade affiliates who enforce clients to deposit more on their platform. LexaTrade has a referral program in which you’ll receive up to 50% deposit amount as a commission. We are back with our unbiased review of LexaTrade, an online trading broker company. 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.
The main Internet resource of the company LexaTrade is a commercial project. The company made this site to attract as many traders as possible. Amassing more clients in the following years, LexaTrade extended its services to different jurisdictions across continents. In 2019, LexaTrade reached more than 2 million merchants worldwide. An SSL certificate is used to secure communication between your computer and the website.