Broker LexaTrade Scam, They Took My Money

In fact, I would not be surprised if they were sued soon. It was very easy to set up my account and to deposit. Every withdrawal came back into my account within 3 to 5 Business days. There are additional fees when paying less than 100 €. The effort is too big for the broker to manage accounts under € 200, so the fee is so high.

LexaTrade scammers

I withdrew my funds via wire-transfer in February of 2020. It is now July 2020 and I still have not received my money back. Everytime I withdraw some funds, they go in less than five minutes. You can easily loose all your money if you dont know what you are doing. I created an account today at LexaTrade, to look a lexatrade website little closer to their concept. After a garden logged off, I was called by their “support” who almost dictating tried to give me training, which I declined. Thus, it resulted in an almost threatening “supporter” who, in addition to being aggressive, also had great difficulty speaking explicitly about anything.

Forex Brokers:

Hi Tom, usually, a withdrawal request is processed by LexaTrade within 24 hours given that all the necessary documentation is provided and approved by our team. Alternatively, you can always reach out to us at The software solution offered by the LexaTrade mainstays at the popular choice of MetaTrader4 platform, that provides a comprehensive trading feature and vast of solutions. LexaTrade works with a variety of payment service providers that ensure your possibility to cover a wide range of deposit methods in a particular country.

  • As you have read in the previous sections, spreads may fluctuate depending on your asset and market conditions.
  • Even if LexaTrade goes down, your deposits will be safe and will be returned to you because of the Cypriot Investment Compensation Fund.
  • The amount of time the company needs to reflect your deposit is less than 10 minutes .
  • If you sent money by wire transfer service, you can report the scammer to the company.
  • You can see that clearly if you want to register on the homepage.
  • Both will become available after you provide the minimum deposit of $200.

You can learn all about the LexaTrade platform using a Demo account, but will need to speak directly to an adviser to activate your Forex/CFD demo account. Different account types offer varying average spreads. These are Basic and RAW with the RAW spread account being the most popular at LexaTrade, even though commission charges do apply. If the price should then change to 1.20, then this is an indicator that the dollar has become weaker against the euro. If you’d taken a buy position on euros against the US dollar then you would stand to profit from the trade. The goal of any forex trading is to anticipate currency increases or drops in order to profit from sales or purchases. I’m thinking of starting to trade binary options, I quite like it.

Binary Options News

Personalized indicators or programs can be imported into this platform. This way, every trader can independently adapt the platform to his trading style. LexaTrade offers its own developed trading platform for the browser and the smartphone.

Most people think for forex you need to have a lot of money, however, the first deposit with LexaTrade is only $200. To open a position you need to select a market, decide to buy or sell, set the amount of money to invest then select a take profit and stop loss level in the ‘advanced section’. After this has been completed you can finally open the trade. This is a great learning opportunity for traders without much experience. Learning from experts provides the chance to learn how to trade better.

LexaTrade scammers

Deposits work in real-time and are completely free. Funds deposited via bank transfer are credited to the account within 1 – 4 working days. The minimum deposit for a live account is 100$/€. Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees.

This has already been verified by more than 500,000 people. LexaTrade have updated their site for even greater comfort of their customers. Their personal site includes many diverse functions that are understandable and accessible to the user. A huge bonus of the LexaTrade company is the possibility of learning from video lessons. This helps novice traders to quickly and thoroughly understand the intricacies of trading.

The delay of the withdrawal can range from one week or more. According to the company, the withdrawal delays for the people with incomplete documents are aggravated by its thousands of customers that totals to more than 700,000. Even if LexaTrade goes down, your deposits will be safe and will be returned to you because of the Cypriot Investment Compensation Fund. However, currency exchange the amount of insured money is only €20,000 (around $25,000) max. This is because its customers’ deposits are separated from the company’s operation capital. One of its biggest pros with LexaTrade is ease of withdrawal. BDSwuss accepts major and popular credit cards and alternative payment methods/system such as EPS, iDeal, Soforth, GiroPay, Neteller, and Skrill.

Another very interesting point about LexaTrade is that it’s possible to make a deposit and withdrawal directly using Bitcoin. Each asset has its own spread value, which is why it’s important to remember that every asset will be different. The spreads can change daily, as they are dependent on market volatility and conditions. The spread is the price difference between the real market asset price and the price offered. The difference is then calculated in the value of pips.

Trade Now

The use of horizontal, vertical, and trend lines is simple. In addition, analyses can be saved as templates and duplicated as desired. In Webtrader the charts are provided by TradingView. This is one of the largest market data providers worldwide. The charts in TradingView are similar to the charts in MetaTrader 4/5. The difference is that there are actually more tools available in TradingView. However, in Metatrader 4 you can use your own programs and indicators as well as automatic trading.

LexaTrade is a well known name in the world of binary options. Offering 24/7 trading, this broker offers over 250 underlying assets in six different trading formats and serves 500,000 clients worldwide.

LexaTrade scammers

People are trusting by nature and a lot of businesses pray on this at times. It is a shame that there are lexatrade official site such low morale business practices in the world that look to exploit honest people’s good natures.

Review Overview

Another disadvantage for pro traders is that large trades are not discounted as well as they are at other platforms. Benefits vary with each level, with VIP access, charting tools and access to an account manager all dependant on the account type or deposit size.

LexaTrade scammers

On Binaly.com you’ll find all the information you need to get started alongside comprehensive reviews of the best online brokers, trading strategy articles, a comprehensive glossary and much more. However, most of them are internal articles and videos you can find on the company’s websites. Also, as mentioned before, you will be provided will a tutorial at your first visit in your web trader and be allowed to watch live web seminars provided by the company. It is licensed and registered in major financial commissions in order to operate legally. If you wish to keep your shares, Google will not owe you anything, but the market maker you signed up with.

The Leverage Of LexaTrade

The company is located in Cyprus, as well as has an office in Germany. It can be noted that the broker ensures the safety of deposits. They are licensed by CySEC, there is no doubt about the reliability of Broker LexaTrade rip off reviews. LexaTrade isn’t one of those binary options brokers that offers a ton of bonuses right off the bat. It feels like an exclusive club, because it doesn’t attempt to lure a trader in with the promise of big bonuses only to be let down while actually using the broker. Different assets have differing spread values, which are assessed by pip values.

LexaTrade scammers

LexaTrade has been facilitating trade on the financial markets for over 27 years. All funds deposited to LexaTrade are held in segregated tier 1 bank accounts for security. Although this doesnt mean LexaTrade are awful, we recommend trading with regulated brokers. LexaTrade offers clients the ability to deposit and withdraw funds using a variety of methods including debit/credit card, bank wire, Skrill, Neteller, PayPal and more. Deposits are fee-free but any withdrawal amount of 20 EUR or less will incur a charge of 10 EUR.

LexaTrade scammers

We hope you continue to enjoy your LexaTrade Experience as much as we love to see our community grow. We are very happy to hear that you are pleased with our Team’s assistance. We hope you continue to enjoy your LexaTrade Experience.

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