Depositing fund with this broker is easy and fast, as expected. These depository lexatrade forex brokers reviews channels include MasterCard, Neteller, Skrill, Visa, among others.
Country like USA, Australia, Canada, India, Russia, China, New Zealand and many more …………. Do not use IBAN bank numbers and people from this countries will have a problems to withdraw via bank wire. 18.2.7 Withdrawals should be made using the same method used by the Client to fund his trading account and to the same remitter.
Easy To Deposit, Headache To Withdraw
Their website and support delivery are professional, however…. My guess is that when you place a bet, that money will be transferred to an internal Lexatrade account, never leaving the company. When you win, the money pluss an extra 70 or so % will be transferred to your account. Took a small break of trading, when i came back i found they deducted 75 euros off my account because of inactivity! Lexatrade registered address is Ioanni Stylianou 6, 2nd floor, Office 202, 2003 Nicosia, Cyprus.
The additional funding requirement is feared by any private trader because account balances can come into a negative state. This can happen through extreme market situations, but Lexatrade automatically closes your positions before that.
Welcome to join r/FxGeckoAPP community, where the latest broker information and complaints against brokers are posted daily. Attention regularly can help you effectively avoid encountering scams. The relevant data on the FxGecko APP shows that Lexatrade has a rating of only 5.5 and currently has 7 user complaints, all about lexatrade scammers its refusal to withdraw funds from investors. What should be done is adding this broker to our scam blacklist. After making sure this broker is exposed, authorities are asked to investigate and shut this website down. Stay away from brokers who lack proper licensing credentials and simply want you to deposit with them.
Thank you for taking the time to submit your feedback. We are sorry to hear that our withdrawal procedure has caused you any inconvenience, however, please understand that we follow a compliant withdrawal procedure that requires the collection of certain documentation. Should you need any further information in regards to your withdrawal status, our Customer Support Team is available to you 24/5. Their online platform is very slow and buggy not only did I find this was the case but also my buddy who recommended them to me.
Promotional activities are another area where the website of Lexatrade is not helpful at all, and you will not find any relevant information at this destination. In our Lexatrade opinion, this is a major drawback, and a lot of clients will be deterred from joining this broker if they see that Lexatrade does not provide any trading incentives or bonuses. Without “free stuff,” we are sometimes hard to lure into a trap, and this makes the task ahead of Lexatrade even more challenging. What we found out was expected as this broker does not have the pedigree to have two platforms. Both their platforms proved to be unsafe after a series of set up misfortunes. Download could stall at any given time and this means we are dealing with an unstable platform. Hackers find unstable platforms to be easy targets for data theft.
By maintaining optimum support and assistance, refined products and full transparency the Lexatrade also educates its clients through its Academy. Educational resources covering useful information on how to operate in markets, develop own trading strategy with accredited courses and webinars. As the broker mentions it always aiming to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed. As well, always give additional days for your payment to proceed with the transaction once it is already confirmed and done by Lexatrade. The methods including a wide range of payment options yet may vary according to the country regulations and your residence so always good to verify this information with the support center as well.
It is simple and provides more options than other brokers. Perhaps the charts in non candlestick mode, should include 24h sight. Real-Time Trading Alerts via Telegram and Autochartist trading tool.
Help future customers by talking about customer service, price, delivery, returns & refunds. I just lost 50% of my account balance because of a silly trader called Michael whom i was told was the best trader and now they want me to deposit more money! More and more brokers are making the transition towards CFD, FX, and Cryptocurrencies and Lexatrade is one of those brokers. They have dropped option-trading completely and are now focusing on the above-mentioned products exclusively. The available trading platforms are Meta Trader 4, Meta Trader 5, Lexatrade WebTrader, and Lexatrade Mobile – good choices and a great mix between functionality, customizability, and user-friendliness.
You should login to your Client Portal and submit a withdrawal request by following of the required procedure. Lexatrade’ StockPlus account enables Lexatrade clients to build a diversified portfolio with over 1000+ world-leading stocks and ETFs. For the most accurate data check on the official Lexatrade platform and verify its allowance with your residual status, also make sure to check each instrument separately as it varies according to the asset as well.
Unlimited Lexatrade Demo Account
This fee is likely to be taken because smaller accounts bring too little profit to the broker. If you have questions or problems with the trading platform, you can simply contact an account manager or support. Videos with instructions are also available at Lexatrade. Lexatrade has cleverly solved this problem because for customers it is possible to trade under a license outside of Europe. The Lexatrade group has several licenses, which brings a great advantage. Lexatrade Holding PLC is represented by CySec , Lexatrade LLC by U.S.
- With CFDs, you can easily open a short sale, which is difficult for real stocks.
- Lexatrade is an international brokerage firm established in 2012 in Zurich, and it offered only Forex and CFD trading back then.
- Very bad scam platform they will steal your money to the last cent in your wallet..
- No, Lexatrade is not a scam, is regulated by Swiss, Cyprus and other authrotities providng low risk Forex ad CFDs.
- At Lexatrade you may choose from leading Shares, Indices, Forex, Commodities, and Cryptocurrencies based on CFDs and ETFs on shares.
Unfortunately, however, phishing and other forms of cybercrime continue to be on the rise, and for this reason, we need to remain vigilant, always. Please be warned that scammers lexatrade cheating do not always have to be companies, but can also be individuals presenting themselves as part of our operations. Are Lexatrade Global and BDS Swiss Markets the same company?
Lexatrade is having a great website which is well designed. And this is what Lexatrade is after, to get your utmost attention. With such a platform, most investors think the broker is legit.
I never got problem any even one of them and Lexatrade was also among good brokers and regulated ones…i always amazed sometimes to see so many complaints for the brokers for which i never got any problem. We are more than happy to investigate this for you further if you can share your trading account number, and we can provide you with a more comprehensive reponse. Hi Otuata, we are sorry to see that this delay has affected your Lexatrade Experience. Please note that your withdrawal was processed on the 14th of April. Lexatrade does not have any control of the funds once they are processed and the time needed for the funds to be transferred to the client’s account may vary, depending on the payment method. Please contact our support Team directly either via live chat through the Lexatrade website or via email at and a member of our Team will be able to assist you further with your query. To assist you with this query further we would like to kindly invite you contact us directly at and our Team will happily provide you with more details.
Practice in the demo account is the top priority at the beginning. It is important that you use sensible money management. This means not to risk more than 0.5 – 3% of the total account for trade. Inactivity is when the client has not opened or closed trade and has not made any transactions. The fee is a minimum of 25 € and a maximum of 49.90 € high (10% of the account balance).
We are happy to hear that our Support Team provided you with necessary reassurance and service. In addition, we are sorry to hear that initially you encountered issues, but we are over the moon to hear that these have been resolved and all is OK now. All Lexatrade communications will be either from a company email address that ends in “@Lexatrade.com” or via our in-app and website chat. The most important thing to remember is that scammers cannot replicate our official company email address tag, which ends in “@Lexatrade.com”. Like most online scams, phishing refers to the attempt by criminals to obtain your PINs and passwords or even convince you to transfer funds through lies, deceptions and manipulations.
Two international entities that are based in Mauritius and Seychelles are also registered. The operation of trading environment is maintained by subsidiaries in Cyprus regulated by CySEC and registration as tied-agent by BaFin in Germany, USA entity is NFA authorized. The company operates through international subsidiaries and holds the licenses issued by the CySEC in Cyprus, top tier NFA in the US, and registration from BaFIN Germany, Seychelles and Mauritius. Check the reviews for one of our staff pick businesses.
In summary, the fees are manageable and not significant to most traders. In summary, Lexatrade offers all the important features of a good forex broker. The conditions for the trade are compared in the upper average and can be recommended with a clear conscience. Also the worldwide known trading platform Metatrader 4/5 is offered via Lexatrade.