Is LexaTrade A Scam?

LexaTrade crypto offering includes a total of 20 crypto assets for trading. 11 of these cryptos can be traded against the USD as CFDs and you can also trade Bitcoin and Ethereum against the US Dollar, Euro, and Japanese Yen, again as CFDs. This can be great as it saves you paying a conversion charge if your deposit or withdrawal method do not match a base currency. We begin our LexaTrade review in a key area no matter which broker you are dealing with. Here we will take a detailed look at exactly how the broker prioritize your security and what measures they have in place to ensure this for all traders.

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LexaTrade is authorized and regulated by three very strict entities namely CySEC in Cyprus which allows it to serve EU clients, FSC in Mauritius and the FSA. LexaTrade Ltd is authorized and regulated by the Financial Services Authority Seychelles under license number SD047. Overall, LexaTrade provides trades in 250+ CFDs under CySEC & FSA /1000+ CFDs under FSC and markets with shares available from the German Stock Exchange as well as the American Stock Exchange. I wish the team to develop and not stop there.Cryptocurrencies are the future and a LexaTrade great project.

This exchange takes its business, customers and security seriously and I think they will contend for the top spot going forward. I had to contact support last night because I could’nt withdraw lexatrade forex brokers reviews my funds and they quickly got back to me to let me know I had enabled whitelist address withdrawal. I recently recovered my initial investment from this broker using unconventional means.

Before, LexaTrade has been considered unfriendly to newbies due to the shortage of guides. However, it has changed and the site is now filled with educational materials that can help its clients improve their trading career. If you are looking for a broker which is not a scam, which offers a professional platform like MT4 and a very large choice of assets, LexaTrade could be the broker for you.

Additional Features

So should you want any more info to show how the broker is not a scam, feel free to get in touch with the customer support. In a live-trading session, there is an expert trader showing how to trade live in real time. The only small commissions you may come across are for shares and indices. For these CFD assets, $2 per round lot is charged for indices, and for shares a commission of 0.15% is applied. Once you’ve logged into your account and are on the trading platform, you can see that navigating around the platform is very easy. Everything you need is in the top right corner where you can see your name. As well as these key features, LexaTrade provides a very professional trading platform called MetaTrader4 or MT4.

LexaTrade courses scam

A key differentiator when it comes to trading with LexaTrade is its competitive trading conditions. In recognition of its efforts to offer traders the best possible conditions, LexaTrade was awarded the “Best Trading Conditions 2019” by acclaimed awarding body World Finance.

LexaTrade Review Summary

LexaTrade does everything in its power to make sure they do not become one of these un-reputable sites. Like any type of activity that involves money changing hands between people and businesses, these types of transactions often lure some less than honorable people into the business. Binary options trading is certainly not immune to this problem. Your customer service is great,a big thanks to dona who helped me sort out my withdrawal issue. We are delighted to see that you are satisfied with your LexaTrade Experience so far and we hope you continue to enjoy our services and products. They told me that they would accept my Arabic documents but two weeks later, when I wanted to withdraw, they answered they didn’t accept these documents. They required more and more documents that I don’t have.

In our review of LexaTrade we breakdown the pros and cons. What LexaTrade are able to offer, what countries LexaTrade are available in. LexaTrade offers multilingual customer support 24/5 via phone, email and live chat. The live chat function also features a variety of pre-set questions covering deposits and withdrawals, trading issues, trader password reset, leverage and more. This LexaTrade review provides an overview of the forex and CFD services from LexaTrade to enable you to compare similar brokers. We look at the trading platform, login process and account types, including the RAW account which offers unique trading opportunities and sets LexaTrade apart from rivals.

LexaTrade courses scam

This is great news for traders because you can open more positions which helps to spread and manage the risk. The MT4 is an online trading interface which can be used either offline or online.

Account

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD’s, Forex and Commodities. When you send in a withdrawal request to LexaTrade, this will be honored.

LexaTrade courses scam

Stop Loss orders are guaranteed only during market hours and under normal trading conditions. LexaTrade withdrawal fees varies on payment method.LexaTrade does charge a fee for inactive accounts.

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Traders in Poland welcome 74-89% of accounts lose money when trading CFDs. LexaTrade Facts & Figures LexaTrade offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package. LexaTrade has 3 main account types catering to the needs of beginner and advanced traders. The minimum deposit required to open an account is $200. You are able to access your account dashboard for withdrawals and deposits. All assets are supported including forex, CFDs & cryptocurrencies.

  • In regards to the instruments mentioned above, you also understand that your losses can exceed your initial deposit.
  • If you would like to know more about the many great Islamic accounts available in the sector, then you can always check out our article on the best swap free forex brokers.
  • This type of trading is considered a high risk/high reward venture.
  • Users will receive an immediate notice if the browser does not support this protocol.
  • Choosing an online broker like LexaTrade can be difficult.
  • Please see further in this review the section called ‘LexaTrade Deposit’ to learn more about the minimum deposit and how to make one.

Apart from wire/bank transfer withdrawals, there is no minimum withdrawal amount. For wire bank withdrawals though, a $10 fee is charged for any wire withdrawals under $100. Please note that with LexaTrade the currency amount needs to be equivalent in value to the $200 minimum deposit. This is an important point in this LexaTrade review because it provides help to traders for free.

Is LexaTrade A Scam?

It’s also fully compatible with the LexaTrade Web Trader platform and mobile apps. It features an incredibly easy to use user interface and is packed full of features. I feel like LexaTrade have included all the important features, without overdoing things and making the platform unnecessarily complex.

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You just need to register your interest in any webinar listed on the platform. A very simple example of forex currency trading would be if you opt for a EUR/USD pair, which is one of the major currency pairings. If you are quoted a price of 1.10 for a EUR/USD pair this would mean you buy 1.10 US dollars for 1 euro. There is not a lot of difference between the layouts of the two LexaTrade sites, although it can be noted immediately that the European site does not offer a Wealth Management option. There is a large selection of over 20 crypto pairs, enabling you to trade market-leading cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, Dash and more.

LexaTrade courses scam

However, the amount of insured money is only €20,000 (around $25,000) max. This is because its customers’ deposits are separated scammed by lexatrade from the company’s operation capital. If you decide to start investing with LexaTrade, you won’t risk any scam.

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