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Finam, Just2Trade, WhoTrades real reviews, market conditions, accounts, advantages disadvantages

Like stock markets if Bitcoin rises, then altcoins follow suit. Forex.com is a renowned United States financial trading brokerage established in 1999. Well in our LexaTrade vs Forex.com side by side comparison we make it easier for you to see what is right for you. As with anything the final decision which broker to trade with should ultimately be based on what and how you going to trade.

  • Add nothing, too, of all instruments, especially a single account, where you can work with stocks and currency pairs.
  • An unregistered company offering Forex trading is not a broker.
  • Europe, Africa, Asia, and India are the most growing regions for trading.

This is taking into account my caution, I don’t buy everything in a row, I carefully monitor the news. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. I understand that the office generally the us initially.

This company does not do its job well, and pretends to be a broker that does not give returns at all. When I invest 350s, I immediately get the indices and the operations resolved to make me lose my money. This people will lure you to come and invest with them after promising you a huge return of interest but will still held your withdrawal at the end. And stay alert, scammers like lexa trade are present here too, misguiding the public.

Signs of a Possible Fraudulent Sales Pitch

LexaTrade customer support is very impressive as it offers full-time support with 24/7 operating hours. This feature provides 100% insurance on the deposit amount. The promotion is applicable for deposit amounts ranging from $500 to $5,000. The insurance covers upto 100% of total loss on all trades opened on the deposit day.

The app is automatically synchronized with the web platform in real time, which means you can use both of them interchangeably with the same LexaTrade account. The mobile platform can be downloaded for free via Google Play or the App Store. Trading conditions provided by the company are suitable for those who do not want to invest large amounts in trading as well as those who are ready to trade with large sums of money. The minimum deposit amount is $100, while the minimum investment amount is $5; trading accounts can be opened in USD, EUR or GBP.

is lexatrade legal in india

It requires all the necessary information including name, email, address, and telephone number. I am just wondering why the thread title has been changed from scammers to account manager blew my account. I was hoping people will get to see this review as soon as they see their name.

FOREX.com MyAccount

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. Of course, take everything with a pinch of salt because we cannot know all the details of the cases, thus we cannot decide which party is in the wrong.

Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand https://cryptolisting.org/ the risks involved, seeking independent advice if necessary. Take control of your trading with powerful trading platforms and resources designed to give you an edge.

While not necessarily a red flag, this is completely inconvenient and taxing. LexaTrade broker might just be another victim of either ignorance or outright fabrication. It is the aim of review to set the record straight.

The company charges a service charge of 5% if users make less than 5 independent transactions. In order to attract more traders on the platform, LexaTrade often starts promotions. The bonuses and the promotion programs look generous. There is not a single complaint regarding the same, so, we can rate it good in this case. The minimum deposit at LexaTrade is $250, a slightly higher in this competitive world, with many offering accounts opening at $0.

The demo account also enables you to understand how the Bitcoin Era system works. This may be from the company’s financial malpractice or maybe from competitors’ interest to drag LexaTrade down. Regardless, we still have to consider the legal documentation presented in its official site. With license from IFMRRC, clients are ensured that all operations are legally binding and conducted under legitimate terms.

Scam Brokers & Bots Scams

Subsequently, Rag allegedly talked him into investing in a less volatile trading platform and shift to Meta4 for long-period deals. “Even on Meta4, my capital was eroded due to losing deals that were ordered without my explicit consent by Advik Rag. Then another person came into the picture — Alex Jacob, who claimed he was a Lexatrade legal adviser – in December.

is lexatrade legal in india

Recently I have noticed finally people are leaving negative reviews about them similar to mine on google review and trust pilot also. As we mentioned in the above section of our LexaTrade Review, there is lexatrade legal in india are 3 main contact options all available on every page of the site. Customer support is available 24 hours, however not on weekends. The live chat works well and is available in a variety of languages.

More information on this type of account can be found on the website. This can be somewhat excused though, as when it comes to brokers, those most likely to leave negative reviews are those who have lost money or had a bad experience. This is fairly commonplace in the world of brokerages so can’t be taken as the be-all and end-all of a company reputation. As a forex trading platform, LexaTrade is legal in India. However, it is an offshore broker restricted to operating in the US and Europe. Although Forex trading is permitted in India, citizens are not permitted to do so via electronic and online Forex trading platforms.

Questions to Ask any Financial Professional

There is a slight glide, but I didnt notice a serious one, on EUR / USD there can be a glide of a maximum of 1-2 pips and then on serious news. Through the platform, a trader can work with open and closed deals and easily limit orders. A trader is also allowed to view all executed trades through a single instrument. LexaTrade‘s year of founding and the regulatory body that sanctions its activities had not been disclosed through the firm’s site. To find out the brokerages profile, one should consult other sites with LexaTrade reviews.

Your fund will be reflected in your bank account in 3-5 business days. Mysuru’s favorite and largest circulated English evening daily has kept the citizens of Mysuru informed and entertained since 1978. Over the past 41 years, Star of Mysore has been the newspaper that Mysureans reach for every evening to know about the happenings in Mysuru city. The newspaper has feature rich articles and dedicated pages targeted at readers across the demographic spectrum of Mysuru city. Back on Lexatrade, numbers on the complainant’s account kept rising, displaying $250,482 by December 2022. But attempts to transfer this money to his bank account weren’t working out.

LexaTrade is illegal

This means that now, you too can make money from trading a wide range of cryptocurrencies. Bitcoin Era is the leading software in the world in terms of accuracy. It is easy to see why our members from all parts of the world are earning daily profits and are happy to put their trust in us. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Can you please kindly give the details of how you can recover this money. Please kindly give the details on this forum for everyone to assess and others who have been scammed to also recover their money if you are legit.

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