Report Scam Community Services on LinkedIn: LexaTrade Review: is it a good broker or a scam broker?
Each type of account has its set of trading conditions and features that fit the various trading preferences of traders. The broker also offers a Demo account for traders who want to test their trading strategies without financial risk. Up to 50% of the total amount of the referred client’s initial deposit will be awarded to the referring trader. 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.
Security and Regulatory Status
To get started, you must first initiate an eligibility check, ensuring that Axi offers services in your region. You need to fill out the standard form, confirm the credentials by offering the required documents, and get started by simply funding the recently created account. This broker attracted me precisely with this – in all reviews about LexaTrade, it is distinguished by the reliability and honesty of the company.
Get to know how Brndaddo helped our retail clients to establish a unique brand identity along with enhanced productivity & efficiency in their creative process. LexaTrade is an online broker registered in Saint Vincent and the Grenadines in 2018, has IFMRRC certificate of conformity No. 0395 AA V0142 and is licensed by the Securities Commission. All perfect calculations and forecasts are based only on the knowledge of the Company and the indicators are presented in our interests. With this agreement you confirm that you are familiar with and understand that the figures may differ from those presented in the primary market. You agree that it is you who are responsible for all transactions you have conducted. Thanks to trading consultants, you can conduct remote trading using mobile gadgets and trading consultants.
AxiTrader operates under the AxiCorp Financial Services tag and has now rebranded itself to Axi in 2020. While the platform came into existence in 2007, the expansion into the Chinese and U.K. Trading conditions, if not the best, then some of the best, there have never been any hitches with the execution, so that the connection disappears, too, is not seen.
- However, LexaTrade forex broker’s official site claims that the brand is owned and operated by Swissone Group Ltd.
- Altogether, it’s just a middle-of-the-pack broker, and there are a ton of similar companies out there.
- The support team is problem-solving and responds quickly, so the overall communication with the team was great.
- These clients are enough proof that ‘LexaTrade scammers’ is merely a baseless claim.
- And without the broker specifying the times, who knows how long it might take for you to get your money.
Banking, Financial Services and Insurance (BFSI)
While it might be a great broker, that doesn’t automatically make it the right crypto broker for you. In this review, I’ll unpack all of its features to help you decide whether it can meet your trading needs. Axi allows you to choose between the standard and pro accounts. While the standard account is free to use, the pro account attracts a $7 commission. I have been trading on the market for 5 years, of which almost 2 years on LexaTrade.
Some are legitimate issues and concerns, while others were scammed by LexaTrade — false claims crafted by competing companies. There will always appear negative reviews about every broker, even the most trusted ones. One of the most notable things, when you try its platform via Dowmarkets.com login, is the flexible settings in the web platform. Also, the platforms feature an excellent trading interface that works well in any browser type. The platform allows traders to choose a specific expiration time. These unique features allow novice traders to easily enter the trade.
While the trading fees might seem high, holding LA tokens and trading aggressively can help you reduce those fees significantly. For countries like China, Thailand, Vietnam, Brazil, and more, Axi supports a wide range of Internet banking options for deposits. For withdrawals, bank transfers work fine, more so as Axi doesn’t charge any withdrawal fee.
The most commonly used trick that scammers follow is offering a high bonus. They offer appealing returns that may look promising and attractive and make you invest in that plan. Also, this broker is connected with the semi-automated trading platform Cryptodroid which is one of the most beloved software in the trading realm. To know both sides of the equation and understand the nature of this trading solution, continue reading this unbiased post. All Scam Reports Team advises the user to avoid investing here, as we have found that the LexaTrade broker is suspicious, and operating without any legal license. There has been proof of some suspicious activities similar to the signs mentioned in the LexaTrade review.
Reviews
You can also report about this issue to your local financial regulator or the regulator where the broker claims to be located. EToro is one of the most popular and most trusted online financial services prov… I ordered the “crime scene red” online and it felt too much like Spiderman, but I didn’t want to waste the money/time to swap them out for a different colorway. The Lexa has a pretty comfortable feel, and you get a lot of ankle/heel lock which kind of depends on the boot you are wearing if it is just right or too much.
Maybe you’d rather use one that’s loaded with a large number of assets. But then, you need not pay any commission to run the standard account, but the elite and pro accounts need $3.50 and $7 for each trade. The CFD or Forex financing or margin rates vary depending on the share, commodity, or cryptocurrency you plan to trade. One of the best things about AxiTrader is its ability to offer the widest possible selection of tradable forex and Contracts for Difference. Starting with forex, you get access to 70+ pairs without worrying about commission, brokerage fees, and even high spreads. Today, I shall review this Forex broker in detail, unpacking every aspect of its operation, services, and features.
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On a different level, traders wanting to use a more advanced trading platform can opt for xCritical as it powered by cutting-edge trading solutions and advanced features. Aside from throwing shades to the broker, some online client reviews also burst out that LexaTrade scammed them by not allowing them to withdraw their funds from their accounts. Albeit contrary to one client review above, this issue can be easily identified as a misinformed judgment on the client’s part.
- The incentive is awarded to a trader who refers the broker to a friend who successfully signs up for an account.
- Despite limited information available on the LexaTrade website, other Lexatrade broker reviews will tell you that the broker is under the Maxi Markets group.
- This information is not intended to endorse any particular medication.
- After the Client reported a complaint, the manager has 7 days to consider it and decide directly with the Client.
- Click the ‘VERIFY ACCOUNT’ button in the email to complete activation and access your REVIEWS.io dashboard.
- While the standard account is free to use, the pro account attracts a $7 commission.
In addition to staking, you can amplify your earnings through airdrops, referral programs, and trading competitions. You also have access to an NFT marketplace, P2P support, and the ability to swap one token for another. With the Earn feature, you can get more https://traderoom.info/lexatrade-review-pros-cons-and-verdict/ out of the tokens you’re holding in your account. The most reliable tool here is the Staking feature, which allows you to lock assets for APYs as high as 360%.
