Is LexaTrade a Scam? Read This Brutally Honest Review
If you are interested in trading CFDs, you can take a look at our best CFD brokers for some options. 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. You should also contact your bank as soon as possible and let them know about your issue. Kingsley Cole, A young and brilliant guy, called me and gave me the details via skype video call, email and normal call, I adhere to what he told me and I am experiencing it in a positive way.
The client’s depositing method must also be used when withdrawing funds to prevent financial theft. This is also a great security measure against online hackers who transfer client’s funds into their bank accounts and withdraw the money. However, better options are present online, and it’s easy for most traders to switch. The default proprietary platform is good enough, with an intuitive interface and a solid set of analytical features. As such, we can’t hold the deposit requirement for MT4 against the broker too much.
- Traders must weigh these risks carefully before deciding to invest their money with this broker.
- The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified.
- These are some of the most widely-traded markets by investors worldwide.
- Of course, there are questions, but everything is successfully resolved after correspondence with tech support.
Online Reputation And User Reviews
The educational resources are useful for beginners but lack depth for advanced traders seeking sophisticated strategies or detailed research. The links that were included in the quoted testimonies will direct the readers to actual existing, live, and legitimate sites. It uses a license from a regulated company (they almost have the same name) or gives a invalid license number. Also pay attention to licenses from offshore countries such as the Marshall Islands or Saint Vincent and The Grenadines but isn’t just these fraudulent countries, there are several. We had ensured a pointed evaluation through its employ of all functions of the LexaTrade official site.
- Even in case of LexaTrade’s proprietary platform absence, MT4 and the xCritical Platform are already enough to turn any trading endeavour into a profitable activity.
- Of course, the broker has options for downloadable terminals, web platforms, and mobile apps.
- As a webtrader, xCritical can be accessed through a web browser on desktop computers and mobile devices.
AvaTrade Automated Trading
These red flags are not definitive proof of fraud on their own, but taken together, they paint a is lexatrade legal in india troubling picture. A broker exhibiting all of these signs is highly likely to be illegitimate or operating in a way that is not in the best interest of its clients. Unlicensed platforms can freeze accounts, invent fees, and vanish with deposits.
The companys website does not provide comprehensive information about its management team or their qualifications, which is a common practice among reputable brokers. Furthermore, the absence of detailed information about the company’s operational history and milestones raises concerns about its long-term viability. In an industry where trust and credibility are paramount, LexaTrade’s ambiguous company background may deter potential traders. The broker set up strict payment procedures for the safety of the trader’s funds and to prevent financial theft.
The broker even partners with reliable and trusted international banking institutions while steering their corporate funds. One Mr. Rayan Mathew in kerala always pushed me to deposit more fund. The people at lexa trade are very polite they talk very friendly they help in generating profit also but they don’t corporate in withdrawl. Everybody says that it is very easy to withdraw but when you go for withdrawal nothing is reimbursed.
Copyright © 2025 FraudsTracker – All content on this site is provided for informational purposes and should not be seen as financial, legal, or investment guidance. Use only regulated brokers, verify every licence, and never rush investments. LexaTrade offers online trading but holds no licence from any recognised regulator such as the FCA. For example, you can invest in U.S. crude oil, Brent oil, spot gold, or silver. We aren’t the biggest fan of the huge jumps between the sums you need for different account types.