Com who helped me recover my money and account. I began trading with a broker named Pocket Option. I kindly ask anyone who reads this review not to invest on this platform.
Media from reviews
It’s true that low spreads and good general performance do compensate for these limitations a bit, but you can only really trade here if you can trust the broker. However, there are several points that indicate that you still shouldn’t trust this broker completely. The only thing you won’t be able to do unless you sign up for a better account type is the help from analysts. So, if you have a question or a problem, you can contact the support and they’ll most likely help. See how LexaTradepares to the highest choices platforms by reading one of the evaluations beneath.
Detailed Information
A mobile platform is available but Demo accounts are not; US traders are not accepted. Fraud sites often copy the look of real trading platforms—charts, balances, support chat—yet all numbers are controlled by the scammer. That being said, caution should be used anytime money is involved, with all brokers, old or new. The company began its work by managing cash transactions in real-time trading using a PAMM account. The aggregated data is based on reviews and questionnaires provided by PissedConsumer.com users. Regulation ensures that the broker adheres to strict financial rules and guidelines, which ultimately protects traders’ funds and personal information.
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. It is presented as a platform offering forex and CFD trading services with a range of instruments, including commodities, indices, and cryptocurrencies. They often build websites that imitate legitimate brokers and use emotional or social tricks to convince people to invest money. Legitimate brokers face regulatory consequences if they mishandle client funds or engage in dishonest practices, which acts as a strong deterrent against such behavior. Without advanced platforms, it will be difficult to use indicators and implement strategies, and the broker lacks advanced trading apps. The scam broker manipulates its graph and if you beat him, he closes your account…
Trading with LexaTrade
Aside from trading, clients can open positions, manage their account, and execute trades without delay. LexaTrade provides multiple account types, each with varying levels of features such as access to market research, dedicated support, and faster execution speeds. Identifying which reviews are true is also a skill that any aspiring trader must acquire. LexaTrade offers competitive spreads, with forex pairs starting from around 1.5 pips.
Is my money safe with AvaTrade?
Here's how Ava keeps your information and money secure:
Ava is WebTrust compliant, as determined by the American Institute of Certified Public Accountants. Ava uses McAfee Secure (HackerSafe) to prevent credit card fraud and identity theft. All client money is segregated from AvaTrade business funds.
The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. Even when individuals reach Lexatrade for https://forex-review.net/lexatrade/ this, Their customer executive encourages upgrading the account type to get funds back. The scammer builds trust through a fake relationship – often using dating apps or messaging platforms – before introducing a phony investment scheme.
Nearly all brokers will give you a raw deal if you fail to read their ToS regarding their deposit bonuses. As we said earlier in our Lexatrade review, it offers a competitive trading experience, but it gets overshadowed by better companies. LexaTrade is an unregulated broker platform similar to LegitHartford24, which we reviewed earlier. Also lexatrade review trustpilot , lexatrade wikipedia are also showing bad numbers. Even for the higher accounts, the spreads are wider than those from other brokerages that require similar price points.
- The platform’s approach to accepting only one deposit and withdrawal method, as mentioned in broker information, may limit flexibility for some traders but is positioned as a security measure.
- It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable.
- Analyzing different LexaTrade broker reviews, it is clear that a VIP account is most recommended for expert traders with years of experience in the Forex market.
- I was so frustrated and giving up on my money when Mr. Tony Luis came to my rescue and helped me out with the issue.
This provides flexibility for various trading strategies and preferences. Users can access forex, commodities, indices, cryptocurrencies, and stocks through CFD arrangements. This shows potential areas for enhancement in support quality, responsiveness, or problem resolution effectiveness.
Warning: LexaTrade Is An Organised Scam Service Use: Livelength Of Use: Over 1 Year
Available information shows that LexaTrade has developed its trading solutions and expanded its instrument offerings over the years. Traders should be careful and check regulatory status on their own before using the platform. These include forex, commodities, indices, cryptocurrencies, and stocks.
The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. In terms of security, LexaTrade uses SSL encryption to protect sensitive data, which is standard for most brokers. Also keep in mind that the company is regulated (IFMRRC), which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all.
Investment Recovery
Broker LexaTrade ensures that its 24-hour client service team provides the best support to traders. One of the first things traders look for when choosing a broker is regulation and security. The lack of regulation from a reputable body means that traders may not have the same level of protection that comes with using a fully regulated broker. Let’s briefly overview each of them to define how competitive lexatrade news the broker truly is. The goal is to make victims believe their money is growing fast, so they keep depositing more.
How to recover my money
I contacted the customer service but they insisted that I had many accounts and locked my trading account. I deposited EUR on bonomo platform and after 1 month of trading i've got EUR. LexaTrade is a Forex broker that is registered offshore and offers trading services globally. The review above is an example of a false claim because it links the broker to a common circumstance in trading and does not fall under the broker’s control. It only partners with trusted global banks in handling their clients’ funds in segregated accounts. Also, a mobile platform is far more accessible and convenient than any other platform, which means traders can trade anytime and anywhere without the hassle.
Is FX Pro real or fake?
Yes, FxPro is regulated by top-tier financial authorities, including FCA in the UK. Brokers overseen by top-tier regulators are legally required to meet very strict rules designed to protect their clients' money.
Customers report improvements in their trading encounters over time. The trading experience at LexaTrade shows positive development trends according to user feedback. However, specific information about customer service channels, availability hours, response times, and multilingual support is not detailed in available sources. Customer service quality at LexaTrade appears to receive moderate recognition from users.
LexaTrade Customer Support
Hope the above information is enough to know the basics of LexaTarde, account types, its services, fees and referral program. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. A trader, before investing, should research about the broker’s regulation and license. Companies providing online brokerage services without a license cannot provide their clients with any sort of protection. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice.
- The platform’s suitability for users seeking diversified trading opportunities is evident through its multi-asset offerings.
- However, there are several points that indicate that you still shouldn’t trust this broker completely.
- It is presented as a platform offering forex and CFD trading services with a range of instruments, including commodities, indices, and cryptocurrencies.
- Included in the process is the funding, in which interested parties need to provide the means of funding, and the amount they want to deposit.
- At a first glance, there are many potential flaws and perks, but you can’t really tell how they play out unless you try this platform for yourself.
- These accounts come with varying features and minimum deposit requirements, allowing traders to choose the one that best matches their needs.
That, along with the multiple phone lines, makes the broker easy to reach. It should be made clear that Lexa Trade does not hold an individual broker license. Now daily some 10 people call me to start trading and if I say I am not interested they wont le t me go. But first we will focus on the level of service provided by the broker.
Save my name, email, and website in this browser for the next time I comment. Even the personal manager engaged for help do not bother for small traders. Cheapest and most expensive aren’t the most precise terms, as there’s no actual cost attached to the account. I was so frustrated and giving up on my money when Mr. Tony Luis came to my rescue and helped me out with the issue. It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable. We aren’t the biggest fan of the huge jumps between the sums you need for different account types.
This lexatrade review highlights that while the broker offers diverse trading opportunities, many operational details require direct checking with the platform. The broker lexatrade scam offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review. The platform receives a 5-star rating from 176 customer reviews, showing that users generally find their experience satisfactory and functional for their trading needs.
These accounts come with varying features and minimum deposit requirements, allowing traders to choose the one that best matches their needs. LexaTrade offers multiple trading accounts, where most of the specs are unclear. Different reviews (including those written by the regular users) suggest Lexa is pretty safe – both from hackers and from inner fraud. If one is to look for the company’s web rating, an engine search on the internet will render negative LexaTrade broker reviews. Key strengths include multi-asset trading capabilities and improving user experiences over time.