lexatrade offers
registered in saint

lexatrade claims to be operated by Swissone Group Ltd, a company registered in St. Vincent and the Grenadines. Nevertheless, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. Our final verdict is that LexaTrade is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator.


Avoid abusive language and personal attacks, directed either at the broker or the author. Sir / madam in this regard I searched the company address of India. I am going to file the cyber crime complain against them if they did not refund my money.

For those that are victim of online investment scam, i will recommend the help of janesilva0727 g mail com a recovery expert who helped me in getting back all my lost funds. Lexatrade customer service is bad, the account managers are irresponsible please becareful to use them, they are so frustrating. Since they persuade to open account, after I do know of them attend to my email again.

Video courses and E-books, while the quesmarkets60nnaire secmarkets60n offers all the quesmarkets60ns related to customer’s feedback on the platform. This feature provides 100% insurance on the deposit amount. The promomarkets60n is applicable for deposit amounts ranging from $500 to $5,000. The insurance covers upto 100% of total loss on all trades opened on the deposit day. MT4 is probably the world’s most renowned trading platform for Forex. The platform allows traders to access all popular commodities worldwide.

Should I Open An Account With LexaTrade?

They make false promises and convince you to invest money with a minimum amount of $250 once u visit the site. They will do registration before even u cud understand them. N then…u r trapped… B sure ..ur money is gone within days… I lost my 250 dollars within night. At the start they will tell u that they give 100% Insurance over the capital amount bt it’s big lie… They won’t give u even a penny. N even u earn or make money from this platform, they will not let u withdraw money till u lose all ur money… There r lots of if n buts wen u wish to withdraw. A person I met on Telegram lured me to deposit $5300, promising me there will be high returns.

Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Companies providing online brokerage services without a license cannot provide their clients with any sort of protecmarkets60n. The broker offers a web-based proprietary platform that lets users experience advanced trading. It claims to offer advanced trading tools, increased speed and safety. A bunch of cheaters who have looten thousand of ppl till now n this may be ascertained from the reviews. LexaTrade is not legitimate and should be avoided at all events.

This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. At our webinars, you get information directly from market professionals. You can watch the experts trade, get answers to your questions and comments on trading strategies. Every single one of our instructors has gone from a beginner to a practicing trader. They know what sort of difficulties you may encounter and are only too happy to share their experience with you. They will help you avoid errors in class so you can make your start in the profession even easier.

Lexatrade has launched a universal course for investors with any experience. While the numbers are exciting, read the terms and condimarkets60ns before accepting anything. With such lack of informamarkets60n and being unregulated, funds are not safe. A red flag that we noticed is that they are withholding vital informamarkets60n to users.

And stay alert, scammers like lexa trade are present here too, misguiding the public. LexaTrade has its own set of merits and demerits just like every other platform. It is not fair to judge them solely based upon a single factor.

How Do You Trade With LexaTrade?

LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165. Also keep in mind that the company is regulated , which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all. That being said, caution should be used anytime money is involved, with all brokers, old or new.


Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers. Brokers Complaint is one of the best recovery agencies specializing in Lost Cryptocurrency funds recovery. We also help victims of Forex frauds, Binary frauds, Investment scams, Pension frauds and many other types of scams.

And besides, if you really want to do advanced technical analysis, LexaTrade offers Meta Trader 4 so you can have the best of both worlds. But Lexatrade is severing the whole world through its website. It is registered in Saint Vincent and the Grenadines which makes no sense. At a glance, it seems amazing platform and opportunity to earn trading profit with LexaTrade experts.

Could you please help me find out if this broker offers Islamic Accounts or they actually charge swap fees?

Information about withdrawals is missing and this should be addressed by LexaTrade. All we could find is that withdrawal processing takes up to 24 business hours and that a representative will contact the client in order to complete the processing of the withdrawal. Overall this is a promising broker but a few tweaks here and there would make it a better one.

Fraud Alert: Scammers Using Landlines, IVR To Dupe People; TRAI … – Moneylife

Fraud Alert: Scammers Using Landlines, IVR To Dupe People; TRAI ….

Posted: Sat, 11 Mar 2023 08:00:00 GMT [source]

Topics around the financial markets are explained well and the videos are both entertaining and educating. Perhaps the best part is that anyone that signs up with them can watch the tutorials and there are no hidden clauses. Leverage and spreads change from time to time, for accurate figures, you have to contact the support team. I registered with them by depositing $250USD and play couple of trade and earned $236usd. They tell me rubbish rules which they did not inform at the time of joining.

LexaTrade Ratings

Lastly, know that informamarkets60n about dormant lexatrade is not menmarkets60ned. If LexaTrade is doing any of these things to avoid releasing your funds, do not hesitate to leave a comment to warn others. LexaTrade allows you to contact them through telephone contact and email. There is no certainty in the contact informamarkets60n available.

Sadly, as it is a web based interface, the choice of indicators are limited. Lexatrade.com seems to be unregulated as it doesn’t hold a license from any regulatory body. A trader, before investing, should research about the broker’s regulamarkets60n and license. If the broker doesn’t hold any license, then there must be a risk of scam.


On our website, you can see that some users have reported scams. You can check our platform for information before trading. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition.

https://forexhero.info/ our tips for indentifing scams to help minimize the chance you will get duped. A variety of tools are provided to help you make one-stop search, compare IBs informamarkets60n, and select your preferred IBs effectively. Please be noted that all information provided by ThatSucks.com are based on our experience and do not mean to offend or accuse any broker with illegal matters. All information should be revised closely by readers and to be judged privately by each person. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. A mobile platform is available but Demo accounts are not; US traders are not accepted.


They encourage you to extract maximum amount from you and then open deals conveniently to bring you down to “ALL RED” and refuse to return a single penny. At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker’s characteristics at a glance. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information.

It is registered in Saint Vincent and the Grenadines , a kingdom of thousands of shell companies. LexaTrade customer support is very impressive as it offers full-time support with 24/7 operating hours. There is even nothing to be surprised at in such comments. But at the same time, for people with a head on their shoulders, Lexatrade is quite a working tool.

In my opinion, the platform should incorporate more payment methods. The minimum deposit at LexaTrade is $250, a slightly higher in this competitive world, with many offering accounts opening at $0. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified.

13 held for fraud on the pretext of currency trading – Hindustan Times

13 held for fraud on the pretext of currency trading.

Posted: Wed, 01 Mar 2023 08:00:00 GMT [source]

They are asking more money to upload to enable my account and not returning the amount that i have already uploaded. In a few weeks, we managed to increase the deposit by 15-17%. This is taking into account my caution, I don’t buy everything in a row, I carefully monitor the news. The only extra worth mentioning is the Autochartist which is available right on the trading platform and is free of charge. 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. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker.

  • In a few weeks, we managed to increase the deposit by 15-17%.
  • The parent company of LexaTrade is Swissone Group Ltd, located in St. Vincent and the Grenadines.
  • We also help victims of Forex frauds, Binary frauds, Investment scams, Pension frauds and many other types of scams.
  • LexaTrade is a Forex and CFD broker that offers to trade in currencies, indices, and commodities.

On request for withdrawal of USD 400, I was advised to open a del in sell segment of Natural Gas with USD196 than my entire balance gone negative. Even the personal manager engaged for help do not bother for small traders. The deposits are instant, while the withdrawal may take up to 3-5 business days to process.

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