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Clicking on the link to discover more takes us to a sign up page where the broker requires us to create a trading account. We would like to see some real feedback from traders to even think of trusting Lexa Trade broker. There are no reviews or feedback at all regarding the services offered by this broker. https://cryptolisting.org/ broker is essentially saying that they will only give you your profit when you have attained their required volume of trades. These benefits seem to be general in nature as the broker doesn’t talk of something we’ve never heard from brokers. The website has not published a live spreads widget on their website.
- There are no reviews or feedback at all regarding the services offered by this broker.
- This license was issued exactly one year after the launch of LexaTrade broker’s website.
- This is mostly the case when a broker buys a white label from a company that offers MT4 trading platform for renting.
- LexaTrade broker is essentially saying that they will only give you your profit when you have attained their required volume of trades.
You would be forced to top up to the minimum of $50 before placing a withdrawal request. Also, if clients don’t have a significant trading volume yet, the company intends to charge a commission of 5%. Assuming you deposited $100 and lost 60% of the funds and lexatrade attempted to withdraw $40, Lexa Trade broker would never process such withdrawal request. The broker is also attracting new traders using a 30% deposit bonus. Remember to read the terms and conditions for accepting and using deposit bonuses with brokers.
Lexatrade Review: Is Lexa Trade a Scam Broker?
Now daily some 10 people call me to start trading and if I say I am not interested they wont le t me go. They don’t have the option of closing the account. Yes, if you can send your platform chart trading with them, it will be easy and please try sending your email also, so we be able to reach you easily. Yes, if you can send you platform chart trading with them, it will be easy and please try sending your email, so we can reach you easily. Bonuses and incomes will only be withdrawn when a trader reaches a certain volume of trades. We’re not sure what LexaTrade broker means by saying “a free trial account with profit”.
However, they’ve at least published a table showing the spreads they charge for different asset pairs. Only SwissOne Group Ltd owns a license from the IFMRRC. This license was issued exactly one year after the launch of LexaTrade broker’s website.
Responses to “Lexatrade Review: Is Lexa Trade a Scam Broker?”
Traders are advised to avoid brokers who charge unnecessary fees for the use of their services. Nearly all brokers will give you a raw deal if you fail to read their ToS regarding their deposit bonuses. This is mostly the case when a broker buys a white label from a company that offers MT4 trading platform for renting. It should be made clear that Lexa Trade does not hold an individual broker license.