You can view all of the relevant legal documents for LexaTrade on the Legal Documents page of the website. This includes documents such as terms and conditions, the bonus program, the loyalty program, the conflicts of interest policy, and more. At the time of writing, there are 12 documents in this section, all available for download as PDFs. LexaTrade offers competitive spreads, with forex pairs starting from around 1.5 pips. However, fees and spreads may vary depending on the account type and the asset being traded. The spread on major currency pairs such as EUR/USD is relatively low, but the spread may widen for less liquid assets.
There is a slight glide, but I didn’t notice a serious one; on EUR / USD, there can be a glide of a maximum of 1-2 pips and then on serious news. Gridinsoft has the capability to block lexatrade.org domain without requiring further user intervention. If you’ve encountered issues with LexaTrade, share your story in the comments to help warn others.
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The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. In legitimate platforms, fees are typically clear and transparent from the beginning. LexaTrade’s hidden and restrictive charges are additional indicators of potentially unethical practices.
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These features often catch the attention of both beginners and experienced traders alike. LexaTrade offers a diverse range of trading instruments and platforms, making it appealing to beginner and intermediate traders. However, its regulatory shortcomings, high trading costs, and numerous user complaints make it a questionable choice for anyone prioritizing safety and transparency.
If you are a victim of such practices, it is crucial to immediately stop depositing any more funds and report the situation to your local authorities. LexaTrade operates without regulation from an offshore jurisdiction, increasing the risk of investment loss and limiting legal recourse in case of disputes. If you are a victim of an online scam, fill the form below to get contacted by cyber security experts. Aside from hefty welcome bonuses ranging from 30% to 120% of initial deposit, LexaTrade also gives a referral bonus.
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The domain has maintained active status for an extended period, indicating operational stability and established web presence. This longevity for ww7.lexatrade.com suggests legitimate business operations and sustained user engagement over time. Gridinsoft evaluates ww7.lexatrade.com, focusing on limited website popularity, hosting technology and infrastructure, SSL certificate status, website reputation across multiple databases. While Ww7.lexatrade.com may not be an outright scam, the combination of these factors makes it unreliable and potentially dangerous. Users should exercise extreme caution when interacting with this site and avoid providing any personal information or downloading files from this untrustworthy platform.
Very Very Bad Broker 15pip Spred Do Not
Gaining more traders, LexaTrade expanded its services to different jurisdictions across continents. On its way to mainstream brokerage service, LexaTrade is starting to be a force to reckon with in terms of trading solutions. The website implements Distributed Denial-of-Service (DDoS) protection services to defend against malicious traffic attacks and ensure service availability.
- With the surge of online trading platforms, the potential for scams has also grown, and LexaTrade has emerged as a broker raising serious concerns.
- As a relatively new broker, LexaTrade aims to build a reputation based on competitive pricing, high-quality customer service, and an intuitive user interface.
- On top of these account types, a Demo Account is a good way for novice traders to test the trading environment and platforms of LexaTrade.
- Overall, lexatrade forex brokers reviews LexaTrade achieved a great focus on the Client’s needs while offers very competitive conditions and a range of services that attract global traders.
- The domain has maintained active status for an extended period, indicating operational stability and established web presence.
While some users praise the educational tools and platform usability, these positive experiences are overshadowed by the negative feedback. This detailed review evaluates the platform’s features, trading conditions, customer service, strengths, weaknesses, and overall reliability. Several red flags have emerged from user experiences that cast doubt on LexaTrade’s legitimacy, making it essential to understand these warning signs before investing any money. The first thing you should check before investing online is whether the company is regulated by a top-tier regulator. Regulation helps protect investors and ensures a level of oversight and accountability.
LexaTrade is a relatively new broker in the online trading space, offering a range of financial instruments, including Forex, CFDs, stocks, commodities, and indices. Despite its recent emergence, LexaTrade has quickly gained attention due to its user-friendly platform, competitive spreads, and diverse product offerings. However, as lexatrade with any trading platform, potential traders must carefully evaluate the features, fees, and overall trading experience before committing real funds. LexaTrade offers a competitive range of trading instruments and features, making it a suitable choice for both beginner and experienced traders.
Investing with companies not authorized by your local regulator is risky. In case of a dispute, you may not be able to seek assistance or legal recourse from your local authorities, leaving you with limited options. After a thorough review of the trading aspects of the broker, let us now conclude our assessment of the LexaTrade forex broker. The three major competitors of LexaTrade are Motilal Oswal, TradeMiner and Axi. Compare and evaluate their features, advantages, disadvantages, and other aspects to find the best option for your business. LexaTrade serves a wide range of businesses, including but not limited to Startups, SMEs & Enterprises.
- Several red flags have emerged from user experiences that cast doubt on LexaTrade’s legitimacy, making it essential to understand these warning signs before investing any money.
- Reviews and reports from users suggest issues that point to LexaTrade being a potential scam, primarily due to limited regulatory transparency, suspicious practices, and challenges in withdrawing funds.
- Initially scheduled for September 12, 2001, LexaTrade’s service start date was postponed due to the 11 September 2001 terrorist attacks on the World Trade Center and The Pentagon.
- Additionally, spreads on lower-tier accounts are uncompetitive compared to industry standards.
- You may see also swap fee conditions on the snapshot above, as well for better information check out and compare LexaTrade fees with another broker LexaTrade.
LexaTrade also offers its operational philosophy as a reason to consider choosing this company as a broker. Its philosophy is to earn loyalty as a way to ensure the satisfaction of clients. LexaTrade recognizes that credibility and reputation are closely linked. While the LexaTrade Accounting team process withdrawal requests quite quickly within 1-3 business days it depends on the country the money is sent to, as variously rules and policies apply. You may see also swap fee conditions on the snapshot above, as well for better information check out and compare LexaTrade fees with another broker LexaTrade. If you are a trader from South Africa – yes you can open LexaTrade account, as LexaTrade applied for registration to local regulator since 2016 and even since appealing to South African traders.
Explore alternative software options that can fulfill similar requirements as LexaTrade. Evaluate their features, pricing, and user feedback to find the perfect fit for your needs. Click on the link below, create an account and complete the Prospective Supplier Registration form. Your information will be saved in our database for future consideration to an RFx Sourcing Event opportunity. Email us , and be sure to include your contact information, including your phone number. Listen to your SiriusLexaTrade favorites in the car with our easy to install radios.
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Lexatrade.org operates as a suspicious website with multiple red flags that compromise its trustworthiness and user safety. No reputable trading platform can promise consistent gains without acknowledging the inherent risks. Claims like these are often a hallmark of fraudulent schemes aiming to exploit inexperienced investors. Legitimate platforms emphasize market volatility and encourage informed decision-making.