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LexaTrade does not appear to meet these basic requirements, and therefore, it cannot be recommended as a legitimate broker. One of the clearest indicators of a broker’s legitimacy is its reputation among actual users. LexaTrade has accumulated a mix of reviews, but the negative experiences tend to dominate. Numerous clients claim that they were promised high returns, received fake account performance reports, and were misled by account managers who later disappeared when issues arose. The broker does not publicly advertise any affiliation with top-tier regulatory authorities such as the FCA, ASIC, or CySEC.

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• This is a major red flag for the safety of clients, and there is no guarantee the broker follows strict ethical procedures.
• Instead, the company lists a registration in a region known for lenient financial oversight.
• These statements have no legitimate grounds and are clearly libelous.
• LexaTrade raises numerous concerns that seriously undermine its legitimacy as a forex and CFD broker.
• Over time, the victim invests more, believing in the profits shown on fake dashboards.
• Regulated investment firms must follow strict rules and are monitored by authorities such as the FCA, ASIC, SEC, or CySEC.

Despite these many instruments, high spreads, and unclear conditions make trading with this broker risky and unattractive. Among accepted transaction methods, the broker lists bank cards, wire transfers, and several e-wallets. There are no details given about fees for either deposits or withdrawals, and we do not know processing times either. Overall, the broker offers unsatisfactory conditions for withdrawals, which makes it a risky broker. The basic trading account, which is the Starter account, has 1.6 pips on major pairs, which makes it very expensive. Spreads are not disclosed on other trading account types, which is a serious red flag.

Is LexaTrade a Trustworthy Service?

Knowing which markets and assets you can trade is an integral part of choosing a broker. Some brokerage firms offer more assets than others, and that’s what makes them the preferred choice by traders. On the other hand, trading tools and research materials are all important helpers in assessing positions and executing trades. The information that these tools give are enough to forecast the probable results of each deal. For starters, LexaTrade has a “Refer a Friend” program, which allows an existing client to benefit from sharing the services of LexaTrade to friends and fellow traders.

Is Lexatrade a legal broker?

Without this framework, there is no mechanism to hold the broker accountable or to protect clients in the event of fraud, insolvency, or misconduct. LexaTrade’s absence of transparent regulation is a major red flag that seriously questions its legitimacy. Several reviewers state that they were unable to retrieve their funds or were subjected to arbitrary fees and account restrictions. Complaints of being locked out of accounts or experiencing unexplained losses are not uncommon.

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• The whole platform is controlled by the scammer, and the numbers on the screen are fake.
• After few weeks i got call & said we will recover all you money & for that they give me some credits & with help of that credits my ac agind reach to $1800.
• Another aspect that calls for scrutiny is the quality and transparency of LexaTrade’s trading conditions.

Hope the above information is enough to know the basics of LexaTarde, account types, its services, fees and referral program. If a trade position is kept open and lexatrade owner carried over to the following day, a commission will be charged to the trading account for using the credit. The commission is based on the size of the transaction and ranges from 0.005% to 0.015% for most instruments, while it is 0.5% for cryptocurrencies.

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A legitimate broker typically ensures a transparent and efficient withdrawal process. Repeated complaints about access to funds are a serious indicator that the broker might not be operating in good faith. Another aspect that calls for scrutiny is the quality and transparency of LexaTrade’s trading conditions. It promotes high leverage options, fast executions, and low spreads. While these may sound appealing, they can also be red flags when offered without proper risk warnings or adequate client protections.

Don’t trust what’s shown on their homepage — always verify with real sources. Over time, the victim invests more, believing in the profits shown on fake dashboards. In reality, these platforms are controlled entirely by the scammer, and withdrawals become impossible once large sums are deposited.

Investment frauds use social engineering and polished websites to gain trust and drain funds. But as we said, we don’t like paywalls for core features as a practice, although you may not mind them at all. As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows. Similar bonuses often have thick strings attached, so be sure to read the terms if you intend to invest. The trader can contact LexaTrade customer care to recover their money. We use dedicated people and clever technology to safeguard our platform.

Is LexaTrade a scam broker?

Regulated investment firms must follow strict rules and are monitored by authorities such as the FCA, ASIC, SEC, or CySEC. Safety is a weak point of LexaTrade, as it is registered in the Marshall Islands and Saint Vincent and the Grenadines, which are offshore jurisdictions. The broker is not regulated in either of those jurisdictions, which raises serious red flags about its reliability and makes us think it might be a scam. Unregulated brokers are mostly scams, and operating for years without even one offshore license is a strong indicator of potential fraud. “I am very cautious about this type of advertising on the Internet, but LEXATRADE platform was advertised by Robert Lewandowski and I thought that this is a guy you can trust.

This expansion has included the introduction of multiple trading platforms and account types, allowing traders to choose options that best suit their trading strategies. The trading platform category is another one where the broker falls short in providing reliable service. Instead, the broker only offers its own custom trading app, which is a web-based platform and lacks the advanced features required for proper trading analysis and execution speeds. This is a major red flag for the safety of clients, and there is no guarantee the broker follows strict ethical procedures. As an unregulated broker, there is no confirmation that the broker keeps trader funds in segregated bank accounts, which is also a major security risk. Once the victim feels comfortable, they are convinced to deposit funds into a fake crypto or forex platform, which is nothing more than a trap controlled by the scammer.

Without regulation, there is no independent oversight of how client money is handled. Many frauds operate this way, and victims often find that recovering funds is very difficult. A major warning sign is that LexaTrade is not supervised by any recognized financial authority. Reputable firms register with bodies like the SEC, CFTC, FCA, or ASIC and must follow rules that protect clients. LexaTrade claims to provide online investing services but operates without approval from major regulators such as the Financial Conduct Authority (FCA).

Copyright © 2025 FraudsTracker – All content on this site is provided for informational purposes and should not be seen as financial, legal, or investment guidance. Scammers build fake relationships, then push victims toward sham crypto or forex deals. Introduction Stocko is a digital-first brokerage platform operating in India, built around the philosophy of… Introduction In a landscape where discount brokers compete fiercely for market share in India, Indiabulls… Overview Scope Prime operates as a liquidity, trading and fintech services provider primarily for institutional… These red flags are not definitive proof of fraud on their own, but taken together, they paint a troubling picture.