This means that the company cannot use the client funds for its purposes. When you sign up for an account on Lexatrade’ website, you will automatically have a demo account, which has a default amount of $10,000. The second and third accounts are binary options and basic forex accounts.

Is IFMRRC Certification a Scam or Legit?

Every online trading platform will have a few pros and cons LexaTrade review would be complete without showing both sides. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All informamarkets60n should be revised closely by readers and to be judged privately by each person. There is no fee to open an account and the fees for deposits and withdrawals are not specified anywhere on the website. There is no mention of an inactivity fee but we cannot guarantee that you won’t be charged one. Live chat support was available at the time of our visit but a bit slow to answer.

Access your favorite apps

Traders who opt for a professional account lose access to the Financial Ombudsman Service which resolves disputes between consumers and financial services providers. Portfolio Size – A financial instrument portfolio of at least €500,000 is required. Cash savings are also taken into account but not property portfolios, direct commodity ownership, or notional values of leveraged instruments. You’ll be prompted to provide an email address and a password before clicking on ‘Create Account‘ and lexatrade starting the account registration and verification process.

People do love them for the kind of easy-to-use service and conditions they offer. These platforms also fake reviews and media mentions to enhance credibility. You may find made-up user testimonials or articles claiming celebrity involvement, all fabricated by the scammers. The app is optimized for a smooth user experience and is especially valuable for managing trades during fast-moving market conditions. If you are interested in trading CFDs, you can take a look at our best CFD brokers for some options.

• Live chat support was available at the time of our visit but a bit slow to answer.
• Would you like to get notified about future Lexatrade Forex Trading Seminars coming up near you?
• At least give reason to your customer why account is not being opened so they can move on with their lives.
• Success in trading depends on discipline, ongoing learning, and consistent application of sound risk management practices.

Here’s what to know about the new $4 billion Microsoft AI data center in Mount Pleasant

As we said earlier in our Lexatrade review, it offers a competitive trading experience, but it gets overshadowed by better companies. Lexatrade has potential, but it also has a lot of things bogging it down and making numerous questionable decisions. LexaTrade raises numerous concerns that seriously undermine its legitimacy as a forex and CFD broker. Using LexaTrade comes with a variety of risks that potential traders should consider carefully.

Pig Butchering Scams: Emotional Manipulation

Lexatrade offers several platforms, including its proprietary web platform and the widely-used MetaTrader 4 (MT4). User reviews generally highlight the platform’s reliability and ease of use, but there are concerns about order execution quality. Instances of slippage and rejections have been reported, which can significantly impact trading outcomes.

• LexaTrade is ambiguous about how deposits and withdrawals work, and we can only get come basic information in the refund policy page.
• We had thought it best to quote them directly here for the readers to see.
• The technical storage or access that is used exclusively for anonymous statistical purposes.

Withdrawals face different fees which depend on the amount requested and the method use. Online payment processor fees start at 1% of the total amount with a $/€/£15 minimum. LexaTrade.com also charges an inactivity fee if the account was dormant for 90 days in the amount of $22/€20/£15 which is standard in the industry.

Analyzing The Market

The design of Lexatrade’s eTrading web platform is average and functional. It feels clean but a bit outdated; functions are clear, while navigating among sections could be a bit better. In this review, we focused on Lexatrade’s eTrading platform, which is available in multiple languages.

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Lexatrade Asia Limited’s parent bank, Lexatrade Bank Ltd, is Switzerland’s leading online financial and trading services bank and a global leader in forex. Lexatrade is at the forefront of technology and offers deep liquidity combined with a completely transparent trading model. Its customers can thus benefit from a unique trading environment with precise execution.

This has no significant impact on the service Internaxx provides, e.g. clients opening an account at Internaxx will use Internaxx’s platforms and be charged its fees. The four live retail investor accounts are standard account, premium account, prime account, and professional account. The premium account is one of the most preferred Lexatrade account types. These include choosing a broker, a general introduction, how to trade, and factors affecting the market. There are also videos on technical analysis, teaching traders skills like support and resistance, trends, and using charts. LexaTrade has been facilitating trade on the financial markets for over 10 years.

Client Fund Security

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. We may earn a commission or receive other benefits from certain links featured here. Use the form below to request a free consultation from cyber-intelligence experts who may help you trace your lost funds. Use ad blockers that stop malicious ads, images, and other content that antivirus might miss. Regularly engaging with these resources can build trading competence and confidence, especially for those new to the markets. The links that were included in the quoted testimonies will direct the readers to actual existing, live, and legitimate sites.

The case with its funding is much of the same, as there are some things that look good. For starters, there’s the fact that the cheapest account doesn’t require a huge deposit. The setup itself is tried and true and is one of the most common ways for brokers to structure their accounts. It allows them the greatest reach, as the primary concern with the accounts is budget rather than trading style. That means the accounts suit most strategies, and as such, can attract diverse groups of traders. There are also other newbie-baiting features, such as the bonus that Lexatrade offers.