LexaTrade Review Is This Company Legit or a Scam?
One of the most crucial elements of a broker’s legitimacy is its regulatory status. LexaTrade does not appear to be regulated by any major or recognized authority. In many cases, it is affiliated with jurisdictions that lack enforcement power or have minimal standards for financial companies. The second point of the LexaTrade site is info that the company sells to its customers and site visitors.
AvaTrade Automated Trading
The fact of the matter is, going to sites like Facebook will only prove to be one frustrating affair. Accusations of fraud and scam not only against LexaTrade but also with many brokers. It is commonplace to read comments on your favorite social media platform and web forum.
However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. LexaTrade cites certification by the International Financial Market Relations Regulation Center (IFMRRC) as evidence of regulatory oversight. However, the IFMRRC is a self-styled organization without statutory authority, offering certification for a fee rather than enforcing compliance through legislative mandate.
- You can watch the experts trade, get answers to your questions and comments on trading strategies.
- All we need is your driving license and some of your time.
- Copyright © 2025 TracingFrauds – All content provided on this site is for informational purposes only and should not be taken as financial, legal, or investment guidance.
With all the points discussed within this review, it is difficult to see why LexaTrade is branded as a fraudulent or scamming entity. Now we are going to deal with reviews gathered across the worldwide web. Getting the pulse of a brokerage’s legitimacy is served well by the immediate disclosure of its primary details. Not everything you see on the world wide web is credible. The online community is replete with lies and fabricated news for what it’s worth. There is a reason why the term “Fake News” has been plastered across the online Metropolis.
- The provision of these platforms by the brokerage are seen as lucrative measures for each trader who chooses to open a live account with a broker.
- We see them in Hollywood films, ambitious and impudent, easily making profitable deals and getting richer in front of our eyes.
- Of course, there are questions, but everything is successfully resolved after correspondence with tech support.
- Identifying which reviews are true is also a skill that any aspiring trader must acquire.
- It presents itself as a multi-asset broker offering trading through platforms like MetaTrader 4 or a proprietary web-based platform.
Customer Support And Communication
Engaging in foreign exchange trading entails inherent risks. Prior to making any investment, we highly advise you to thoroughly review our Terms and Conditions. More so, the broker is a legit broker as it is duly regulated. Holding its business operations in Saint Vincent and the Grenadines, many traders doubt the legitimacy of the broker, let alone Lexatrade’s regulatory credential. Browsing broker’s official site, Lexatarde asserted the legality of its business lexatrade owner operation and its regulatory compliance with the International Financial Market Relations Regulation Center (IFMRRC). Gaining more traders, LexaTrade expanded its services to different jurisdictions across continents.
Don’t worry, we never ask for information we don’t necessarily need. You can choose in between web or app and the whole process will only takes you about 5 minutes. Owners are nice, drivers are responsible, all cars are in good shape. Get instant access to the more than cars from the major cities in Czechia. Trading conditions, if not the best, then some of the best, there have never been any hitches with execution, so that the connection disappears, too, is not seen.
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