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Is LexaTrade a Scam? Read This Brutally Honest Review

While Expert Option is legal in most countries, it does not serve the United States, the Member States of the European Union, Sudan, the UK, Singapore, Switzerland, Israel, Canada, and Yemen. I created an account with Expert Option a couple of months ago, and it was pretty easy to do. You only have to fill out the fields for email and password and prove your identity. Before you decide whether Pocket Option is good for you or not, here is a bit of digging I did. As of 2024, Pocket Option is operated by Gembell Limited, an entity registered in the Marshall Islands. And even though the Marshall Islands aren’t known for their regulatory standards, the firm still adheres to the international trading guidelines, making it credible enough.

About the business

1. Simple trading features and modern high-speed trading platform.
2. To avoid falling for fake reviews, look for reviews from trusted sources and independent websites.
3. Low spreads, 0% commission, bonus programs, multi-language call centre.
4. The pip, a seemingly small unit of measurement, plays an important role in forex trading.
5. Make sure that the broker is registered with a reputable financial authority and that they have a track record of fair and transparent business practices.
6. Look for reviews and feedback from other traders and check for any complaints or warnings about the broker.

Albeit contrary to one client review above, this issue can be easily identified as a misinformed judgment on the client’s part. In one way or another, clients who were unable to withdraw their funds from their accounts might have violated some conditions and guidelines without them knowing it. This site was created for people interested in learning digital options, cryptocurrencies, Forex, CFD, ETF, OTN, and ICO and, of course, how not to how genuine is lexatrade fall for the bait of unscrupulous trading platforms. Here you can find a lot of useful information about brokers, strategies, and the latest news from the world of online investment possibilities and many other interesting topics.

In this article, I’ll explain how to trade on Expert Option, going through each step from the sign-up process to how you deposit, trade, and withdraw your earnings. Keep reading to learn everything you need to know about using Expert Option. If you’ve spent some time on trading forums like I have, you’ve seen Expert Option pop up in discussions. It’s one of the most popular trading apps, and I’ve been using it for a while to buy and sell binary options. Our team found the platform’s interface clean and easy to work with. Plus, you can access the dashboard immediately after signing up using the email ID and setting a password.

Investment Recovery

1. It’s also a good idea to talk to a lawyer who specializes in financial fraud to explore your options.
2. Scammers may try to convince you to continue trading or to invest more money, but it’s crucial to cut off all contact and to secure your funds as quickly as possible.
3. Am only happy because I found help after reporting to a recovery firm and they helped me recover all I lost to these fake crypto platform.
4. And besides, if you really want to do advanced technical analysis, LexaTrade offers Meta Trader 4 so you can have the best of both worlds.
5. I refused to give up and kept searching for a recovery expert on Reddit and Quora until I saw good reviews about who helped me recover my funds.
6. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities.

If a broker is vague or evasive when answering your questions, or if they refuse to provide information about their operations, this is a major red flag. Scammers often hide behind complex jargon and convoluted explanations to confuse and mislead potential victims. However, you must check the legality of the platform in your country prior to signing up.

They lure you in with flashy websites, fake testimonials and sophisticated marketing tactics. Once they’ve earned your trust, they strike, leaving you with nothing but empty promises and a drained bank account. I was able to get my money back without any hassle, which makes me quite happy. Russell Tech Support, who earned a reputation as a licensed binary options recovery specialist, is a technician I would really like to thank. Your broker manager is recommending that you make further deposits before making a withdrawal if you have money in your account that you intend to take out.

The case with its funding is much of the same, as there are some things that look good. However, much information regarding the same is unavailable on its website. 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. LexaTrade is a Forex and CFD broker that offers to trade in currencies, indices, and commodities.

I was more interested in stocks, but then I also invested a little in crypto. With the transfer it is difficult, the money goes for a long time. I have been working with Lexatrade since the summer and have withdrawn money 3 times during this time. I did not notice any problems with this broker, with the exception of sales managers.

Name of Broker – LexaTrade

Ensure that the broker is licensed and regulated by a recognized financial authority. Regulated brokers are required to follow strict rules that protect your money and are generally held to higher standards than unregulated brokers. Your account funds are always held segregated away from their funds.

I refused to give up and kept searching for a recovery expert on Reddit and Quora until I saw good reviews about who helped me recover my funds. Traders who have reached this state have more points, trade without restrictions on the number of transactions, have access to funds, and have the opportunity to defer payment. Many reputable brokers offer a Forex demo account where you can practice trading without risking real money. Use this to test the broker’s platform, services and customer support before committing any funds.

Holding its business operations in Saint Vincent and the Grenadines, many traders doubt the legitimacy of the broker, let alone Lexatrade’s regulatory credential. This is because there are many traders online claiming to have been scammed by LexaTrade. LexaTrade BackgroundLexaTrade started its operation by just managing cash transactions in real-time trading using PAMM accounts.

You can usually verify a broker’s license by visiting the website of the regulatory authority and searching for the broker’s name. Dukascopy is licensed by respected financial authorities, ensuring your safety. Legitimate brokers will provide clear and detailed information about their services, fees, trading platforms, and the risks involved in Forex trading.

Broker by Country

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. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities. The owning/operating company is Swissone Group Ltd, located in St. Vincent and the Grenadines and registered with the IFMRRC – Certificate TSRF RU 0395 AA V0165. All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker. This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs.

Investing in commodities can be a great way to diversify your portfolio and achieve long-term gains. It’s important to carefully consider options before making any investments, and LexaTrade is a trusted broker that can help you navigate this process. Please be aware of EMD Forex, which is now called as BIGMO FX. They have cheated 100s of their clients by washing out their accounts. I lost 31K USD in less than 20 days and there are many who lost a lot of money.