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LexaTrade Review 2021 + Comparison Of This Leading Cfd Provider

LexaTrade minimum deposit is 100$ but varies according to the jurisdiction under which the trading account is opened. Important to note, each method has its own minimum deposit requirement too. Because it simply means you avoid conversion fees and may transfer funds more easily in the currency you denominate your account. See the comparison to other CFD brokers and their account based currencies.

scammed by LexaTrade

Since the Crypto trading is now market “boom”, LexaTrade included this opportunity too. The proposal itself offers indices, shares, commodities, currency pairs, ETFs and options on CFD instruments basis. In addition, LexaTrade also offering the quite advanced capability of crypto trading while adding more and more instruments to its list. As for the product range, as fast-growing is definitely one of the leading CFD providers offers a truly great portfolio with over 2800 instruments offered so you surely will find the right portfolio to trade. The CFD provider enables you to trade and speculate on movements in the price alongside innovative trading technology. At this point, LexaTrade maintains a great customer oriented policy, which makes funds transaction smooth process with free of charge deposits while none of the charges are passed to the client.

Got Scammed?

To further investigate the company, I even visited their office. All employees eat ice cream for free, and they even have a gym in the building. I could speak to a lot of the staff members, and they all indicated that they really enjoy working for the company.

scammed by LexaTrade

Via the application, go to Menu, then Price Alerts, and finally, Notifications. You can get notifications when your account equity approaches the maintenance margin value as a way to prevent a margin call. The Close at Loss order gets activated when the market moves in an unfavorable direction. There is not a guarantee that using a Trailing Stop will close the position at the exact level of the Close at Loss due to slippage. Guaranteed stops are similar but place an absolute limit on the potential loss. Even in cases when the instrument price moves against you significantly, the position will automatically close at the price you specified, and it can never include slippage.

Dc Forecasts Services

Bank transfers require a minimum deposit is $100, while a credit or debit card minimum requirement is $100. There are constant across all retail investor accounts.

scammed by LexaTrade

The firm had ascertained its platform to be conducive to all electronic devices. Despite the wide preference for MetaTrader4, LexaTrade doesn’t make use of this software and only employs Webtrader as a browser-based platform. Last december I withdrew around 2,5k euro and it was on my PayPal account 3 working days later, faster than I expected. I too had red those scam reports and was worried I would not get it. UK FCA orders mandatory freezing of all existing client account and no onboarding of new accounts pending investigation into their anti-money laundering practices. This website uses cookies so that we can provide you with the best user experience possible. I’m still active with LexaTrade and can only say good things.

However, as you said, they indeed have some regulation issues. Actually, this is not a bad thing as it makes trading more secure. So the multiple failed withdrawal requests is now a complaint and it appears that you have now lost the balance scammed by lexatrade of your original account while you lodge a complaint with the Australian Financial Ombudsman. Stupidly I suffered some losses and accept accountability for that, for all the obvious reasons and “Don’t Do’s” that we all understand.

Find Out How LexaTrade Compares To Other Forex & Share Trading Platforms

The platform looks clear and thanks to the search function you can quickly find the CFD in which you want to trade. New customers will therefore not have to search long for buy & sell buttons on LexaTrade.

scammed by LexaTrade

Once done, you will then be able to transfer money to your live account and start trading instantly. So step by step process of opening requires you to follow the LexaTrade sign-in link where you will cryptocurrency be guided through a quite simple process of opening step by step. The demo account will be opened within 5 minutes, while to start Live trading you should submit necessary proves and documentation.

Beginners Guide To Nordfx: Complete Review

Here you can choose to trade with forex and CFDs but also indices and cryptocurrencies as mentioned. There is a complete list for the trading instruments on the website on the main navigation bar. It took 8 days to get my money back , I wanted the money to go to my current account and they kept on trying to credit my credit card that does not take deposits. It is like they do it on purpose to take longer to pay out.

scammed by LexaTrade

There, you can fill out the form and one of our representatives will get back to you. Try reversing the process and receiving those funds back into that account which POLI and other services handle. In the case of the LexaTrade support response, they just do not respond to queries, rather provide a GLIB support statement quoting there Policy and Procedures without actually responding lexatrade scam to the request. This is basically the same as when you throw your money away dealing with a bookmaker using POLI. They extract the money instantaneously then reluctantly refund. In the case of the LexaTrade support response, they just do not respond to queries, rather provide a GLIB support statement quoting their Policy and Procedures without actually responding to the request.

I asked Plus 500 to re fund my account with the equity available before the fail in the system, this is 3182,77 CHF. If I have no news from them in 24 hours I will get immediately in touch with my lawyer to start a process through the regular channels. Just be aware of the above, You aren’t playing live on a live trading platform. Don’t worry, you are not alone, and we are here to help you. When they feel that you are not able to invest any more money into the scam, they will simply suspend or close your account and you probably won’t hear from them any longer. Hi, i joined FPA cause i was scammed by 2 trading platform, LexaTrade and Iq Option. A twitter user name “LexaTrade0.com Class Actions” has taken the initiative to recruit victims of LexaTrade.

Financial Services Compensation Scheme

To avoid being scammed by an investment scam scheme, it is recommended to first take a look at what other people are saying about the company you want to invest in. With LexaTrade you can actively trade CFDs on all known shares and cryptocurrencies by using the user-friendly software. You also have the opportunity to respond to changing market conditions by placing orders on both rising and falling prices.

On the platform, risk management tools are also accessible to assist you in minimizing the chance of trading losses throughout your trading experience. I don’t know how this company is allowed to do business in the UK other than no-one has investigated them. My mind is blown how this company is being allowed to do business particularly in this economic climate and I pray the FCA and Financial Ombudsman shut them down ASAP before any more people are SCAMMED. When our forex traders reviewed Australian forex brokers and CFD providers, it was found that LexaTrade trading platform is the most user-friendly forex platform and interface. This was based on spending significant time testing out the CFD Provider’s live account while comparing LexaTrade’s features to other online. Thank you for your review and I’m very sorry to hear that you feel that way. We do indeed offer only CFD products on our platform.

  • Now over the last couple of days I paid in a total of 6k EUR and made profits of 6,3k.
  • It’s also worth noting that when using 2FA, users should make sure to back up and store their 2FA keys securely offline.
  • I made a request to withdraw my money but my “broker” pushed me to deposit another and slowly stopped returning my calls.
  • Everything else is identical so it’s pretty simple to use.
  • This is where you will find such information as the minimum trading size for a given instrument, its trading hours, its leverage, and margin requirements.
  • There are several versions suitable for any device generally maintained by the LexaTrade WebTrader platform is a desktop based platform via a web browser.

A lot of people love the LexaTrade crypto trading platform because of its simplicity, tight spreads, negative balance protection and many other features. Most brokers provide courses, quizzes, e-books, and more to help clients learn about the markets in which they are investing but LexaTrade provides none of these services. The broker doesn’t provide a legally required Key Information Document which outlines the basics of what each instrument is about and the risks associated with trading ti.

scammed by LexaTrade

The mobile application is less extensive than the WebTrader. Nevertheless, it is useful to also install the mobile application. With the app you can receive warnings when the price of a security reaches a certain value. The presence of a leverage is an advantage in the review of LexaTrade. You can always decide to invest with smaller amounts if you want to lower your risk. In this article we explain in detail how you can apply leverage to your trades.

With an email support service in multiple languages available 24/7, LexaTrade is one of the winners when it comes to cryptocurrency brokers offering customer support. There is also an online chat in English and many other languages – but there is no phone support whatsoever.

To maintain simplicity, LexaTrade offers a standard trading account to all clients, so you may simply proceed with account activation along with a minimum deposit to convert your Demo account to a live one. It should be noted that CFD trading, especially using leverage is not something for beginners.