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How honest brokers / crypto exchanges should work and how they work, we found out. And now let’s look at how scammers act, they are also called kitchens. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users – another.

• Now that we have reviewed the most important points about LexaTrade, we can come up with a verdict.
• That’s one of the main reasons why there are so many good reviews.
• The broker also has a page dedicated to resolving disputes through its complaint form.
• So the regulation may impose negligible limits on the broker while generating a false sense of confidence for potential customers.

The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. A mobile platform is available but Demo accounts are not; US traders are not accepted. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. On the other hand, the Web platform offered for the minimum account is quite enough for the average trader, so maybe that’s not a deal breaker.

Lost Money To LexaTrade?

To avoid future scams, always research platforms thoroughly, verify licenses with financial regulators, and remember – if it sounds too good to be true, it probably is. This platform has raised concerns due to signs of being a possible online scam. In this report, we take a closer look at LexaTrade’s background, licensing status, and deceptive practices to help you determine if it’s safe or fraudulent. There are also indices, stock and commodities, but you’ll have to unlock them first.

The deposits are processed instantly, while withdrawal may take up to 3-5 business days. The broker’s low user ratings of 2.1, which shows the platform’s low credibility. Rather than opting LexaTrade scam, we recommend you to incline towards a more trusted platform like InvestFW.

XCritical- Another external platform that LexaTrade offers is the xCritical system. It is equipped with powerful instruments for encompassing and holistic trading experience. Its lexatrade review Customer Service Automation also known as the CRM fully integrates various payment processing systems. The use of xCritical also ensures stability, from deposits up to actual trading.

They are capable experts with the ability and instruments to detect a con artist and get your assets back. Our in-depth and unbiased reviews help investors in choosing the best broker according to their investing needs. Lexatrade ensures high-grade security measures for all the services it provides, to secure client’s funds.

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• However, it is crucial to note that not all client reviews came from the real clients of the broker.
• Broker attracted me precisely with this – in all LexaTrade reviews, it is distinguished by reliability and honesty of the company.
• Broker LexaTrade ensures that its 24-hour client service team provides the best support to traders.
• After a thorough review of the trading aspects of the broker, let us now conclude our assessment of the LexaTrade forex broker.
• To sign up for any of the above-mentioned account types, all you have to do is simply fill in an online registration form available on its Lexatrade website.

LEXATRADE is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange. Aside from Web platform, LexaTrade also offers another powerful XCritical trading platform.

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This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice. If there is no information on the broker’s website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else.