LexaTrade Review Lexatrade com Scam or Real?
It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. That, along with the multiple phone lines, makes the broker easy to reach. The representatives are adept at problem-solving, so the overall communication flow is great. While the first account is cheap, lexatrade.com also robbed it of most features.
Platinum account of LexaTrade broker takes the advantages and perks of previous accounts to a higher level. It was curated specifically for advanced traders who invest both in short and long-term. Scammers employ persuasive tactics to convince you to make an initial minimum deposit. They entice with promises of doubling the deposit within 24 hours and similar claims. After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds.
- Even legitimate clients cannot benefit from false claims as it gives them a distorted view of a broker’s reputation.
- However, we can’t neglect the fact that $100,000 is a hefty sum and isn’t something anyone can reach.
- The review above is an example of a false claim because it links the broker to a common circumstance in trading and does not fall under the broker’s control.
- It offers signals and pattern recognition and is generally regarded as a reliable tool but of course there are no guarantees that it will be profitable.
Identifying which reviews are true is also a skill that any aspiring trader must acquire. The review above is an example of a false claim because it links the broker to a common circumstance in trading and does not fall under the broker’s control. Market risks are one of the most important things that any trader must fully understand from the onset.
The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises. Reading this LexaTrade review permits interested traders and companies with the brokerage to gain a perspective of LexaTrade. It is possible that LexaTrade had been misunderstood and misrepresented in new media. Everyone should understand how to distinguish a good broker from those that are often considered scammers and why forex is a scam. We present your user reviews according to the rating of a broker. However, LexaTrade reviews found online do not always lean toward negative.
Trading Tools & Materials
The broker only accepts one method in deposit and withdrawal processes to prevent theft. It only partners with trusted global banks in handling their clients’ funds in segregated accounts. They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero. Look at one more LexaTrade forex brokers review by Phillip from the UK. Trading is a very high-risk job, which rests entirely on the trader. If you are a beginner or your strategy is not precise, there is a high probability of loss, and it is not the broker’s fault.
It is not a major shortcoming, but it may, to some extent, discourage some users. LexaTrade broker’s platform comes with high speed, functionality, profitability. It is a convenient platform that has a user-friendly interface and great terminals, making way for profitable trading with minimal risks. It is equipped with over 170 trading instruments, various tools, and timely risk management that provide a quality trading experience overall.
LexaTrade ensures that their clients have sufficient knowledge about them before they begin trading. Using a platinum account from LexaTrade, you can enjoy a 2-hour account analysis per week. Reviews like “LexaTrade cheating” or “LexaTrade scammer” are nothing short of slander that only benefit the competitor. Even legitimate clients cannot benefit from false claims as it gives them a distorted view of a broker’s reputation. Every broker has received negative feedback from customers, critics, and even the general trading industry was accused of cheating. It is a common thing in industries where services are the main product of companies.
xCritical Platform
The company has even developed its own platform to carry the brand and quality of services expected of LexaTrade. Now we are going to know about LexaTrade’s accounts and how they shape a world-class broker. Always ensure you conduct thorough research before investing in any online trading platform, especially those that promise easy profits without clear transparency. While there are also legitimate negative reviews about other brokers, it is important to discern which ones are legitimate and are coming from actual clients. The trading industry is a tight, competitive area where brokers fight against one another.
Most likely, these reviews were written by the company’s competitors. LexaTrade review on the site ends with a section with links to the company’s documentation. I learned about the company much earlier, but I came across a network https://traderoom.info/lexatrade-review-pros-cons-and-verdict/ about the negative about it. In comments on one forum, I read the information that «LexaTrade courses scam,» fraud, etc. Then he learned from a friend working with this company that all this is complete nonsense.
How The Scam Works:
It is a brand name of Swissone Group Ltd. registered in Saint Vincent and the Grenadines. Its multi-asset trading services have garnered the trust of its clients and has earned it a spot in the top forex brokers in industry. It must be stressed that all LexaTrade reviews above were taken from existing, legitimate review sites.
Below are only some of the LexaTrade broker reviews written by legitimate clients on the website of TrustPilot. Trading accounts offered by LexaTrade are categorized into different types of traders. They were set specifically for catering to beginners, intermediate, professional, advanced, and expert traders.
Robofund Review
Given the nature of these sites, LexaTrade broker reviews and comments lodged through Social Media range from the uninformed to mere bias. Given platforms are simply a free-for-all, just about anyone, regardless of education and inclination, can post whatever their ill-conceived experiences allow them to. That is why, if you only choose the Forex broker, make your decision based only on verified official information. Here you can train as a beginner and sharpen your strategies if you are an experienced Forex trader.