Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest. Lexatrade has five different account types covering budget and high-end options. The broker uses a tiered account progression where each type requires you to reach a specific threshold. Again, as we said earlier in our Lexatrade review, the broker doesn’t do anything that sets off alarms. It’s by no means a strict scam, and in fact, it’s safer than the average broker, but you still need to tread carefully.
You do not have the right to the account of other individuals or legal entities without their permission. If you create an account on behalf of a company or other legal entity, you guarantee that you have been authorized and therefore have all the pertinent information of the entity you represent. The Client gets access to the Service immediately after confirming his personal email address. The provision of services by our company may be completed (partially discontinued or limited) at our request, with or without prior notice.
Lexatrade is new forex and CFDs brokerage that primarily operates in Europe. It opened just earlier this year and has attracted a good bit of attention as such. In our Lexatrade review, we’ll look at how beneficial it is for customers compared to is lexatrade legal in india other options. Being a global broker, LexaTrade has earned the praises of its clients and the ire of its detractors. Many critics have praised this broker for several reasons, while a select few spread libelous claims to destroy its reputation.
LexaTrade’s MT4 web terminal is a safe, secure trading platform that uses advanced technology and high-quality terminal work. It is compatible with any browser and can combine various commercial operations. It also provides listing charts that can be customized according to shifting time ranges. MT4 platform is a classic choice, especially for Forex trading, and has been trusted by expert traders since it was released in 2005. LexaTrade forex broker will give you a 70% welcome bonus and medium priority for withdrawals if you choose a gold account. 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 5% additional commission is charged for clients conducting less than 5 independent transactions.
- As our Client, you understand that the company does not hold consultations and is not responsible for the actions you have taken.
- Your acceptance of the Agreement automatically means your acquaintance and acceptance of the possible risks.
- It was curated specifically for advanced traders who invest both in short and long-term.
- We’re nearly certain the broker made the accounts just to seem more open.
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. That isn’t an exact rule, but it’s something we’ve found to be true more often than https://cryptolisting.org/ not. For us, the elephant in the room when visiting lexatrade.com is how clunky the language is there. It seems like the website wasn’t designed in English, but rather translated from another language. We know some brokers like to take that approach, and it usually works moderately well.
Acquaintance with LexaTrade: Why You Should Trade with It?
As our Client, you understand that the company does not hold consultations and is not responsible for the actions you have taken. A “stop-out” level is available at the service at which, any open transactions will be completed in order to prevent possible losses. The Client has the right to conduct transactions by phone during the working hours of the service. By agreeing to the terms of this agreement, you acknowledge that all information provided by you when opening an account is true and accurate.
Understanding Inverted Hammer Candlestick: Types, Benefits and it’s limitations
The Bonus for Replenishment is provided by the Company when customers deposit funds into their account. All agreements with the Client regarding withdrawal of funds remain valid upon completion of the contractual relationship. During the transaction, the indicators will be changed and, depending on profit or loss, are presented in your personal account upon completion of the transaction. In making a decision to copy a specific trader or traders, strategy and/or portfolio, you should consider your financial situation, including your financial commitments. You should understand that copy trading is highly speculative and that you could sustain significant losses. All profits or losses are stored in the Customer’s personal account, after the deposit and until withdrawal.
It looks like the broker took stock images, put them in boxes, and called it a day. Of course, broker appearance is nearly entirely irrelevant, but our point is that Lexatrade looks like something hastily put together.
How To Recover My Money From Forex Lexa Trade?
After analyzing the detailed LexaTrade review, we can say the company is totally a scam. MT4 is one the world’s most famous and reliable trading platforms for Forex. The user-friendly UI of the platform helps both beginner and professional alike.
Nowadays, it is second nature to an investor to choose an officially regulated broker with a decent regulatory history. Hence, it is of primary importance for a forex broker to assert its legitimacy through its regulatory certifications. Advance bonus is provided by the Company to customers as agreed with the customers before the clients reload the account provided that the clients reload the account. The Company reserves the right to withhold the amounts of such taxes and to invoice the Customer for any taxes to which this clause can be applied to.
By agreeing to the terms of this document, you confirm that no claims should be committed on your behalf by the third party. In case the Client makes a deposit via bank transfer, the Client can use only one bank account, which is registered in his country of residence. You agree to send an acknowledgment of the transfer in accordance with the standards. In the case when the Client does not provide a confirmation of the deposit, sent via a bank transfer can be returned. We are not in any way responsible for information provided by third parties. The company provides materials for review and is not responsible for the perception of information by the Client.
The company reserves the right to make any changes to this agreement at any time, with the obligation to post on its web page, without any given explanation. The internal control specialist provides guaranty for the consideration of each application. In addition, we provide monthly reports on reported and reviewed complaints. Both the manager and the internal control officer are trying to solve the reported problem within 7 days. If within 7 days the Client and the internal control specialist have not reached an agreement, within the next 7 days, the Client will receive a letter with a more detailed response. Only the most complex cases are resolved in a period of more than 28 days.