Lexatrade Review ++ Scam Or Not?

Each complainant on Forex Peace Army has been contacted privately and we will therefore not enter into further debates. Lexatrade has analytical tools – technical indicators and charts. The trend and volatility of the markets are very significant because it determines the success of your next move.

scammed by Lexatrade

Moreover, it has fixed spread fees also help you secure against trade loss that protects you from losing big due to the volatile market of Forex trading. With its fixed spreads rate and fees you will not worry about commission charges. Lexatrade is an online pioneer of market makers, established in 2001 initially under the trade name «Easy-Forex». The broker gives its traders access to global markets, offering a simple platform and the financial instruments to trade on desired markets, including FX, CFDs and Vanilla options. In addition to educational materials, Lexatrade also provides traders with several trading tools and resources. The market news live feed gives traders the latest and most critical market-moving events.

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The choice of the platform goes to an award-winning Lexatrade intuitive platform based on Web, thus, does not require installation while is adjusted to the computer’s system. Equipped with a suite of comprehensive tools to support trading along with the tailored by the Lexatrade powerful trading conditions it is a good option to trade. The range of Lexatrade trading accounts includes three types with conditions developed over almost two decades of experience and designed to cover individual needs. Nevertheless, make sure to check with customer service under which conditions you particularly will fall, as conditions may vary according to the trading entity. A trading name of the Easy Forex Trading Limited is a Cyprus established financial services firm with registration number HE regulated by CySEC in Europe that complies with MiFID set of rules. Means its operation standards enabled within the EU to provide legal service to the EEA zone clients and beyond. Check out this article from Benzinga’s forex trading experts to learn about the best forex trading strategies.

First Lexatrade provided incorrect Ref#, I asked Lexatrade.com for this correct Ref# again. One senior member from Lexatrade Mr Bharat Ghori contacted me and looked into my issue. We also use different external services like Google Webfonts, lexatrade forex brokers reviews Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site.

Is Easy Forex A Scam?

I am a full time trader and recently I have been arguing with Easy Forex/ Easy Markets and the are stealing $7000 from me. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. Finally i`ve got my profit money but it was all the process about 2 weeks. Everything is perfect in my account, in all aspects, and in no time they claimed some kind of irregularity in my trading but still they are keeping things difficult for me. I have provided copy of my bank that funds are returned to remitter. Then after when I see there is no open trade in webtrader.

scammed by Lexatrade

It gives traders access to markets everywhere whenever connected to the internet. This platform enables clients to access market news and live prices without leaving the app. It has analytical tools such as technical indicators and charts and you can monitor your account in real-time in the palm of your hand. This app is available for download in AppStore for iOS and GooglePlay for Android devices. Lexatrade works in conjunction with a number of other forex trading platforms.

Tools

Intuitive and simple to use, it’s made it easy for me to trade, even as a relative beginner. The website is translated in 7 languages, but the amount of information is huge and that makes it feel cluttered sometimes. Demo accounts are available, as well as mobile apps for Android and iPhone.

It is impossible to achieve this status without providing flawless service and customer support. The company has since expanded its trading options, adding the CFDs, commodity indices, vanilla options and Forex contracts – the latter two of which are difficult to find in other brokerage firms. This managing broker team has already earned a good reputation for simplicity and transparency, and this is another reason why many of the world traders have chosen Lexatrade for trading. The platform is designed to cater to the trading needs of both newbie and experienced financial market traders. The features available make it easy for everyone to trade financial assets. However, they vary between the WebTrader and MT4 platforms.

scammed by Lexatrade

In order to get started with Lexatrade, you need to open a free demo account. This is offered by most brokers and is accessible from within your online brokerage. This way you have the scammed by lexatrade chance to experience all that Lexatrade has to offer and see if it’s right for you. The free accounts usually last around 7 days and you are given access to real money within a week.

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I hope all the Lexatrade affiliates and traders get to know this and stop being a scam victim. And of course, I am preparing a complaint regarding this to CIF, Cysec and other related departments.

  • We do not however respond to threats or requests to share private or confidential information via public forums.
  • It runs on all operating systems with 81 technical indicators and other analytical tools.
  • Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
  • Therefore, it can be almost as bad as working with a broker with no license.
  • As a forex trading platform, it allows its users to trade using either one of its three different indicators which are namely the line charts, the bar charts and the candle stick charts.

Do they have different prices and graphs for every clients. There is a rule for the affiliates to get paid for the CPA sales, for an instant the referred client should deposit a minimum of $100 and trade 2.50 lots which one of my FTD client did. Traders may choose to go with buying cryptocurrency via a broker or an exchange, but there are other ways to speculate on crypto prices, too. In other words, traders should consider the real possibility that they may lose all of their deposits. Traders should be wary of too-good-to-be-true promotions and promises of quick riches.

Support was very fast to answer, very polite, and solved my query without running around the bush. Lexatrade has a consumer rating of 1.89 stars from 9 reviews indicating that most customers are generally dissatisfied with their purchases. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. And that is also presented by the availability on trading vanilla options, which allow you to hedge against volatility and perform long term trading. An online cashier to make account funding is easy and straight forward process at Lexatrade available through the client area. If you’re beginning to trade, learning how to read forex charts is integral to your success.

‘Sell Stop’ allows you to open a position at a predetermined price level. It is much alike with lexatrade cheating ‘Buy Stop’, however, the difference is the current price is higher than the value set.

Compare the best CFD brokers to find which one is best for you. Choose from our top six picks based on platform, security, commissions and more. Two decades of achievements and trustworthy service to clients have earned Lexatrade its CySEC and ASIC licenses, in addition to more than 40 global awards. Lexatrade is headquartered in Limassol, Cyprus within the European Union and submits to regulation under the Cyprus Securities and Exchange Commission’s (CySEC’s) oversight. The broker is subject to the rules and regulations specified in the EU’s Markets in Financial Instruments Directive and includes the segregation of client funds from its own money.

With the guaranteed stops you will be assured not to lose more than the amount you made from your trade even in a volatile market. Those few negative remarks about nonessential elements did not spoil our overall impression of the Forex broker. Lexatrade also requires customers to submit copies of their credit card, if this was used to make a deposit. The copies should include the details about the card including the name, the signature and the last 4 digits of the card.

The reason why Lexatrade has made it easy for everyone to get into trading stocks is that the training platform takes care of everything. All you have to do is follow the easy-to-understand tutorials and you’re set to earn profits. One of the advantages of Lexatrade is that it is designed to be easy to use. This forex trading software has been designed in a manner so that even a beginner forex trader can start trading without having to have any prior experience. The advantages of Lexatrade are many and they include a very easy to use interface, a large variety of indicators, the ability to trade with a minimal account size and unlimited leverage.

Also, traders receive Lexatrade free guaranteed stop loss, no slippage, fixed spreads and no funding or withdrawal fees. It has powerful and well-developed tools for daily trading. Lexatrade, being a market maker, offers guaranteed take profits and stop losses, which are not available with direct market access trading. ECN and STP accounts cannot guarantee that an order will be filled at an exact market price, since market conditions, volatility, and the volumes in the market determine the outcome of a trade. Even entering and exiting the market can induce heavy slippages, which can include both positive and negative slippages. Lexatrade, on the other hand, promises to honor all orders at the market strike price with no slippages or requotes. Lexatrade is an online broker that dedicates itself to its core like a simple and honest broker.

Lexatrade accepts bank transfers from Union Pay, WeChat Pay, and AliPay. It takes 1-2 working days for these transactions to be processed and Lexatrade doesn’t charge its customers any amount for approving the transactions. With the fixed spreads, your bottom line will never change regardless of the market conditions. I was trying to join easymarket as I’m going to be new to this, but reviews like this holding back.

Users need to verify their accounts before they can carry out crucial activities such as withdrawal of funds and more. The verification process involves the submission of proof of ID and residence documents.

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