Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too. A deposit match isn’t inherently a bad thing, but it’s commonly used by malicious brokerages. 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. The information on Forex-mag.com does not serve as an investment or trading recommendation.

  • This broker offers a balanced mix of functionality and user-friendliness.
  • There are people who promote systems that promote push-button methods for making money online but those seldom work.
  • We do this part
    of the review by first checking the name of the company attached to the broker.
  • Lexa Trade allows global traders to access financial markets, including Forex, Stocks etc.

It’s time-tested and sustainable and you can get started right now. Once you’ve acquired the required knowledge, you can work from home and set your own hours, and eventually get rid of the dreaded 9-5. For 90% of people, however, affiliate marketing is the model I recommend. This is where affiliate marketing easily beats most of the other models out there.

LexaTrade Review: Pros And Cons

Perhaps the best part is that anyone that signs up with them can watch the tutorials and there are no hidden clauses. We analyze your chargeback data and root causes of your scam case in real time. To sum up, all that has been said above in this LexaTrade review, we give you the power to decide whether the broker is a scam or not. Scam Victims Help has extensively researched the LexaTrade Review and found several red flags that every trader should be aware of. Read our LexaTrade review today to learn everything you need to know about this broker before signing up.

  • Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.
  • Deposits are processed immediately, ensuring that you have access to your funds whenever you need them for trading.
  • Mostly, unregulated brokers offer investment opportunities that look and sound very attractive, with the highest potential gains.

Of course, broker appearance is nearly entirely irrelevant, but our point is that Lexatrade looks like something hastily put together. All in all, in terms of legality, we did not find any grave concerns. Nonetheless, if you are just starting out, then take it slow and invest only the kind of amount you are comfortable losing. Risk appetite is different from person to person which is why talking with a financial planner is always a good thing before jumping on to any conclusions. The parent organization is registered in Saint Vincent and the Grenadines. Practically speaking, they are not regulated, but over the years the kind of reputation they have earned tells us a lot about them.

On the other hand, not much will change if you acquire the knowledge and don’t do anything with it. All you need to do is move the needle; eventually, things will get better once you gain experience and learn from your failures. If you acquire the required information and act on it, you will succeed, and that’s a guarantee.

LexaTrade Review: Scam? Find out from experts

Many brokers have more than one authority to supervise them, but some brokers do not have any. You should avoid such brokers, as they are a threat to your money. Having the potential to make someone go into a debt trap, scammers lure their victims in with irresistible offers and discounts.

Regulation

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, https://cryptolisting.org/blog/how-can-ev-ebitda-be-used-in-conjunction-with-the-price-to-earnings-p-e-ratio various tools, and timely risk management features, the platform ensures a high-quality trading experience overall. LexaTrade’s MT4 web terminal is a highly secure and reliable trading platform, incorporating advanced technology and offering a seamless trading experience.

Fund and Account Security

The platform offers a long list of trading instruments, is regulated and most importantly, is not a scam. A web-based proprietary platform is offered by LexaTrade, such as MetaTrader4 and LexaTrade
app – xCritical Mobile App. While the platform offers a considerable service, we still advise to choose among legit brokers like InvestFw. All account types offered by LexaTrade support the use of expert advisors (EAs), automated trading systems commonly used in the Forex market. There are also other newbie-baiting features, such as the bonus that Lexatrade offers.

Commodities

LexaTrade is licensed and regulated by the International Financial Market Relations Regulation Center (IFMRRC). It is regulated by the International Financial Market Relations Regulation Centre, making it a reliable broker in the forex market. The minimum deposit is generally asked in very small amounts by legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. The usual amount asked by legitimate brokers lies in the range of $5 to $10. If the broker asks for an amount more than the average, chance of a scam. 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.

In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. LexaTrade is an online trading broker owned by Swissone Group Ltd. The company is located at Beachmont Business Centre, Suite 39, Kingstown, Saint Vincent and the Grenadines. To get a better understanding of how brokers(both licensed and unlicensed) work, read our review on Fxcryptomine, FTG Markets, Capital GMA, Kiexo. After analyzing the detailed LexaTrade review, we can say the company is totally a scam. Yes, the broker offers trading services across the globe with a focus on countries like India, South Africa and most of Asian countries.

However, it is an offshore broker restricted to operating in the US and Europe. The deposits are processed instantly, while withdrawal may take up to 3-5 business days. The platform supports  bank wire, credit /debit cards, Skrill, Neteller and OrangePay for both deposits and withdrawals. Moving forward with this LexaTrade review, we will further discuss the platform’s fees, platforms and account types.