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If you have lost money with LexaTrade, don’t panic. You are not the first and you likely won’t be the last. Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity.

lexatrade review

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. The broker types of developer jobs doesn’t hide the fact that it’s trying to goad you into depositing more. Even the withdrawal speeds increase as you go up to the higher accounts.

Now daily some 10 people call me to start trading and if I say I am not interested they wont le t me go. They don’t have the option of closing the account. Trading costs vary a lot and it depends upon the account type as well. 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. LexaTrade is a newly launched, regulated broker that offers CFD trading on currencies, cryptocurrencies, indices, and commodities.

The trading robot does all the work, it is awesome. We observed that the processes are done quickly; this notably lowers the market risks. Also, the trading robots can scan the entire cryptocurrency market in seconds. This is why the best deals are easily secured for the investor. We have good news, after our tests, we found out that Bitcoin Loophole can potentially become the best auto trading platform out there. Please dont invest your hard earned money with Lexatrade.com.

However, the translation itself is shoddy, so the website ends up looking unprofessional. However if you don’t have anything to do with your money and wants to get ride of it, then Lexatrade is your companion. building winning algorithmic trading systems I’m sacred of trading with them because I don’t know if its wise to trade with them. They said I should pay 250USD and I will start trading . A robot will help me trade and I should open Skype .

We’ll see if the broker’s functional prowess ends up improving what we think. There are way too many categories on lexatrade.com, and navigating around the website is challenging. The dropdown menus have vague names, and as such, the categories inside them seem almost arbitrary. Before investing any real money, you must make sure that you fully understand the risks.

Yes, trading with Lexatrade is a fraud/scam cheating making fool of small investors/traders by misguided by the staff insisting for more money deposit for stock trading. Today my balance was USD821 and free Balance was more than USD550. On request for withdrawal of USD 400, I was advised to open a del in sell segment of Natural Gas with USD196 than my entire balance gone negative.

LexaTrade

And without the broker specifying the times, who knows how long it might take for you to get your money. The broker offers its traders two platforms, as we’ve indicated earlier in our Lexatrade review. However, you can only unlock MT4 after depositing $10,000.

lexatrade review

We discovered that many people are already making so much money with Bitcoin Loophole daily. It is a smart automated trading system for people who need to earn more money as passive https://forexanalytics.info/ income. The software is fully automated for profitable grid trading and generates over 90% of your capital investment. Just then they made me trade strongly recommending some deals.

LexaTrade Details

However, that’s a minor complaint, as what you get for each account is actually pretty fair for the price point. One more significant concern is that the broker locks the MT4 platform behind the more expensive account types. Again, as we said earlier in our Lexatrade review, the broker doesn’t do anything that sets off alarms. But on a hunch, we wouldn’t call the security excellent.

However, the auto trading platform can always be used by the public via a web browser on mobile phones or computers. We have identified many benefits of trading with Quantum Ai. The auto trading system stands out from the other platforms in many ways. We are satisfied with the ease at which the auto trading platform can be used by everyone.

If you want to actively trade you can use the manual mode. There are also better platforms for manual trading. We concluded that Bitcoin Loophole is one of the best auto trading systems that we have used so far. Instead of investing your life savings, set aside a part of your disposable income, which should be invested with Bitcoin Loophole. This way you can avoid spending this free money on things that won’t make you richer. By investing your disposable income, you are playing it safe and the earnings will give you much more value.

There are no reviews or feedback at all regarding the services offered by this broker. Traders are advised to avoid brokers who charge unnecessary fees for the use of their services. They offer a lot of instruments to the retail side with reasonable costs.

Nearly all brokers will give you a raw deal if you fail to read their ToS regarding their deposit bonuses. It should be made clear that Lexa Trade does not hold an individual broker license. On the other hand, the company under which they rely on seems to be overseeing several other entities which provide financial services under one license owned by SwissOne Group Ltd. Bonus amounts are great when it comes to enhancing your capital, but for best experience, it should be used with caution.

In our small test, Bitcoin Loophole performed better than we could do manually, but a larger test is needed to determine the true success rate. We had a good experience with the live trading feature. And it was transparent, so we could study how it works.

To sum it up, Lexatrade is not regulated in the proper sense of the term, you have no guarantees about anything with this broker. There is one main reason for not trading with Lexatrade and we explain it in detail in this review. Lexatrade could go bankrupt from one day to another since there are no banking information about this broker. You can choose whether you want to pay the minimum required amount or whether you want to invest a higher amount. We observed that the information needed to open a Bitcoin Loophole account is very little. We only provided a username, password, email, and phone number.

Cryptocurrency Scams

The cheapest option is $250 while the most expensive is $100,000. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

LexaTrade review

But there’s also the fact that while it’s better than nothing, it’s not a significant improvement. So the regulation may impose negligible limits on the broker while generating a false sense of confidence for potential customers. Unfortunately, when a broker looks like it’s a rushed project, it’s often a scam.

IFMRRC stands for International Financial Market Relations Regulation Center. It’s a non-commercial organization that regulates about 60 brokerages. However, it’s apparent that it’s much less limiting than even the more lenient country-based regulators. Perhaps we’re being too harsh since if you know what you’re looking for, you’ll find it. However, for a newer trader, the website may look too daunting.

Invest and trade ONLY in platforms and people who have been recommended to you by known people. Preferably with people/companies who have been in the business for decades in your own country. Apart from Grenadine Islands and their Off-shore company address in a tax haven small country, they don’t have any offices anywhere. Their website does not mention buildings you can track them down to.

How does the Bitcoin Loophole work?

At the start they will tell u that they give 100% Insurance over the capital amount bt it’s big lie… They won’t give u even a penny. N even u earn or make money from this platform, they will not let u withdraw money till u lose all ur money… There r lots of if n buts wen u wish to withdraw. We found out how the auto trader works, it is a simple yet effective concept. The auto trader scans the cryptocurrency market to detect the best deals that can earn more profits.

We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. They are scamsters hiding in remote offshore islands with no law and order. You are solely liable for assessing each information you receive from Finance Brokerage, and you will be solely responsible of how you utilize the information provided. Using and/or implementing any market information to your investment is upon your sole discretion, and Finance Brokerage will not be responsible for any damage and/or loss you may incur. So there’s the argument that some regulation is better than none, and that does hold up.

Account Types

Over the years, this brokerage has seen a lot of ups and downs. People do love them for the kind of easy to use service and conditions they offer. The spread offered on the lot of EUR/USD is 2 pips as compared to the average of 1.5 pips. Although it may not seems like a lot but the risk induced with it to the customer is huge. This gives us yet another red flag against the LexaTrade scam.

Constant vigilance should be applied at all times when sending money online. LexaTrade is an online trading broker owned by Swissone Group Ltd and located at Beachmont Business Centre, Suite 39, Kingstown, Saint Vincent and the Grenadines. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates.

This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. On the other hand, the majority of traders don’t need Expert Advisors, scripts and the stuffy interface of Meta Trader. Besides, LexaTrade’s Web platform offers all the tools that can turn a skilled trader into a profitable trader. Lexatrade offers full-time support with 24/7 operating hours. That, along with the multiple phone lines, makes the broker easy to reach. The representatives are adept at problem-solving, so the overall communication flow is great.

Live chat support was available at the time of our visit but a bit slow to answer. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified. Information about withdrawals is missing and this should be addressed by LexaTrade.

On that day the positions should have been SELL and they suggested BUY. They had a good idea of the balance in the account and that their suggestions will definitely lead to finishing every penny in my account balance. Review our tips for indentifing scams to help minimize the chance you will get duped. These benefits seem to be general in nature as the broker doesn’t talk of something we’ve never heard from brokers. The website has not published a live spreads widget on their website.

The parent organisation is registered in Saint Vincent and the Grenadines. Practically speaking, they are not regulated, but over the years the kind of reputation they have earned tells us a lot about them. Reportscam.net can have advertising and affiliate relationships with some of the trusted recovery companies and may be compensated through them . Reportscam.net is committed to the fair handling of reviews and posts regardless of such relations. Lexatrade has been serving my trade for 3 months now. I used to trade in crypto, then I moved to the foreign exchange market.

In my past experience my deals had been making money and so I picked those deals. The difference this time was that i had made the first request for withdrawal of some funds. Yes, it is dangerous without regulators, but they can offer better conditions. Nevertheless, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license internationa…

For those who are not aware of this term, Meta Trader 4 is one of the very common trading software that is equally used by scam brokers and legit brokers alike. Therefore this is a difficult option to determine whether LexaTrade is a scam or not. The website is translated in 6 languages, the platform is relatively easy to use and offers all the features needed by an average trader. A mobile platform is available but Demo accounts are not; US traders are not accepted. Overall this is a promising broker but a few tweaks here and there would make it a better one.