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As cryptocurrency bull run gets investors’ attention, smart scams, FOMO and greed are out to get you. They encourage you to extract maximum amount from you and then open deals conveniently to bring you down to “ALL RED” and refuse to return a single penny. At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker’s characteristics at a glance.

• Glad to know the LexaTrade.com is regulated in Cyprus, i have good faith in Cysec.
• Any payments funded to LexaTrade accounts by traders are held in a segregated bank account.
• A variety of tools are provided to help you make one-stop search, compare IBs informamarkets60n, and select your preferred IBs effectively.
• It improves its services based on what its clients ask for to work on the market, and this has earned the trust of traders everywhere.
• I have been trading on the market for 5 years, of which almost 2 years on LexaTrade.

Is LexaTrade a Trustworthy Service?

Regulation provides traders safety through consumer protections, oversight, and accountability. Lexatrade focuses primarily on the essentials for trading forex, so their platform offers limited tools for in-depth market analysis. You will need to conduct the bulk of your research using third-party resources. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates. We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. The FBI should be on them by now as I know for a fact that they have swindled hundreds of naive victims. Microsoft says the Mount Pleasant data center will use a cooling technology design that aims to reduce the amount of water needed to keep equipment cool and properly functioning. Construction for the second data center is projected to finish by the end of 2028, according to Microsoft, and will involve thousands of construction jobs.

If you are interested in trading online, you can take a look at our best trading brokers for some options. Not only is LexaTrade regulated, but it has licenses from top-tier brokers. This is also important to consider since even if a broker is regulated, holding a license does not necessarily validate the broker’s legitimacy or indicate real oversight. Organic search for reviews reveal that positive and reasonable reviews are actually outweighed by negative ones. But most of the negative reviews are concentrated on Social Media, where you can write “I was scammed by LexaTrade” without any proof.

This includes video courses and E-books, similarly the questionnaire section offers the questions related to customer’s feedback on the platform. Yes, LexaTrade is a scam broker as it is not regulated by any top tier regulatory watchdog. However, it holds a licence from the International Financial Market Relations Regulation Center. For ease of use and navigation, Quotex has a clear advantage for both new and experienced traders.

• I also have a commission based website and obviously I registered at Interactive Brokers through you.
• Lexatrade touts proven strategies in its Telegram channel, accessible only to VIP and Raw account holders.
• Jefferies maintains a ‘Buy’ recommendation for Kfin Tech with a target price of Rs 1,460 per share.
• The lexatrade official site minimum deposit for a live acocunt with LexaTrade is $200.

Neon, the No. 2 social app on the Apple App Store, pays users to record their phone calls and sells data to AI firms

Some even suppose it comes to par with industry favourite, MetaTrader 4. Through its mobile platform, an expansive set of tools available through its PC version are mirrored effectively. These tools include a number trading signals and a highly-intuitive and neat interface. When assessing Forex brokers like Quotex and Lexatrade, fees, spreads, and leverage are key factors determining which platform offers better value. Choosing a regulated forex broker is important for the security of your funds.

LexaTrade Review – Real Nature Revealed

Segregated accounts ensure that client funds are kept separate from the brokers operational funds, providing some level of security in the event of insolvency. Regulation is a cornerstone of trust in the forex trading industry, providing a layer of security and oversight for traders. Lexatrade claims to be regulated by the International Financial Market Relations Regulation Center (IFMRRC), a non-commercial organization based in St. Vincent and the Grenadines. It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need to tread carefully. One fact that’s relieving and concerning at the same time is the broker’s choice of the regulator. I have uploaded some moeny and post that they have locked my amount and i am nither withdraw nor able to trade.

Deposit Protection

As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows. I registered with them by depositing $250USD and play couple of trade and earned $236usd. They tell me rubbish rules which they did not inform at the time of joining. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. Fraudulent brokers build counterfeit trading platforms with fake balances, price charts, and chat support to mimic a real investment site.

LexaTrade’s partner is regulated by the EU and its license falls under the Prevention of Money Laundering and Funding of Terrorism Regulations. Regulations do not allow LexaTrade accounts to be opened in Iran, North Korea or the US. In total I have lost over £2000 which was on a credit card so still have to pay it back. Has anyone managed to recover there losses as I am certainly going to get some legal advice. The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice.

In addition to its head office in Gland, the bank also has offices in Zurich, Bern, Dubai and Hong Kong. Online trading has always been a core business focus of Lexatrade Group. This is why we have the Swiss leading platform, suitable for all client segments. No, traders from the United States of America are not allowed to trade at Lexatrade. Deposits and withdrawals are both free, and the system is very user-friendly.

There are 5 account types and the capital amount required to get started with them ranges from $250 on the lower end to $100,000 on the upper side. You should only engage in any such activity only if you are fully aware of the relevant risks. LexaTrade supports various payment methods, including credit/debit cards, bank transfers, and popular electronic payment systems.

Further, servers of LexaTrade for MetaTrader 4 and cTrader are located in the NY4 and LD5 IBX Equinix data centers in London and New York City. Lexatrade has launched a universal course for investors with any experience. While the numbers are exciting, read the terms and condimarkets60ns before accepting anything. With such lack of informamarkets60n and being unregulated, funds are not safe. A red flag that we noticed is that they are withholding vital informamarkets60n to users. We will see LexaTrade spread breakdown below, while Forex fees considered to be average level.