LexaTrade Cheated Client 26 Dec 2016 Via Widened Spreads Need Help Recovering Loss, Moving Account.
If your broker doesn’t offer negative balance protection, the losses may even exceed your entire capital. All data available on ForexComplains.com should only be used for general information and not as an offer to invest in any asset. The information on the site is largely based on individual opinions and we cannot guarantee its accuracy and credibility. LexaTrade is an Australian based brokerage company that operates through transparency and respect to their clients, values and principles. The broker provides Forex and CFD trading solutions to trade currency pairs, indices, and commodities. Due to its enhancement in client services LexaTrade maintain also an office in Shanghai and a satellite office in Hong Kong. But we cannot do otherwise, as the female manager is same person who insulted us and asserted that our robots are to blame for the US$331.04 loss!
- LexaTrade is the trading name of the Australian forex and CFD broker Union Standard International Group Pty Ltd that is licensed and regulated by the Australian Securities and Investment Commission .
- The technological execution base brings endless possibilities for strategies and traders of any size.
- This case is the only way we can prove transparency and reliability of our service.
- So stumbled upon this expert at who assisted me in sorting my ordeals with this broker.
- After all, the LexaTrade Review concludes the broker, trusted partner to invest and perform trading.
- The ASIC license allows it to conduct financial services, including forex.
Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. In a result, numerous liquidity providers bringing access to deepest liquidity pools and allow to get trading experience through relatively low costs or spreads. LexaTrade spreads as mentioned diverse by the account type you trade through, as an example you may refer to the table below and see average spread. Also, always consider rollover or overnight fee as a cost, which is charged on the positions taken overnight alike -0.8 for short and 0.18 for a long position on EUR/USD pair. As well you may compare fees to another Australian broker Go Markets. In addition to that, LexaTrade partners with Trading Central that is a leading provider of research data providing accurate technical analysis, market news, insights that are based on years of experience of cooperation with leading institutions. Also, you are able to use Recognia Trading System that gives ultimate trading through intra-day trade ideas built according to personal and very own trading skill.
Nevertheless, LexaTrade being an Australian ASIC regulated broker, follow its guidelines and still allows high leverages for retails traders, which may be a great advance to your trading strategy. MT4 and MT5 are slightly diverse platforms that offer a powerful trading experience, with the difference that MT4 is the most commonly used platform and MT5 is an advanced version with some more sophisticated features.
Thought I was not gonna see this day, but as God may have it, today I’ve got back all my money for real with the help of professional. All brokers mentioned on this site offer online trading with leveraged instruments.
Since these 2 servers are ran independently, it is not possible for LexaTrade to directly just change the accounts from Server 1 to Server 2 or vice versa, it is an independent entity. Client’s account details will be provided on request to Forex Peace Army. All of my life savings were scammed by a company called TRADEFRED, who had originally been given their trading licence by UFGSX. As a result, I will be homeless by the end of this month. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. And of course, we would be glad to know your personal opinion about LexaTrade, share your experience in the comment area below or ask us for some additional information.
Deposits And Withdrawals
Union Standard Group, which uses trading name LexaTrade is regulated forex exchange and CFD broker, authorized by the Australian Securities and Investment Commission and holds an Australian Financial Services Licence . (It is important to remark here that LexaTrade claims that they cannot move our client’s account to “Live Server” which is suspicious, considering that such lexatrade cheating operation can be easily done with all accounts held with “one Broker”). LexaTrade is a scam company.I lost $100K dealing with them.It left me devastated because I actually borrowed money to recover funds from them.I was lucky betarefund, com helped recover all my funds. After all, the LexaTrade Review concludes the broker, trusted partner to invest and perform trading.
The technological execution base brings endless possibilities for strategies and traders of any size. In addition, the broker developed an advanced account proposal through a variety of conditions, trading sizes as well start capitals. As for the minimum forex strategy deposit amount, you may start trading through a convenient 100$ which will allow accessing the trading account of the first grade – LexaTrade Mini Account. While higher rate account types require various conditions to start and can be checked above.
Forex trading carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments, due to leverage retail accounts lose money.
The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility lexatrade scammers for their consequences. You can trade with ASIC regulated Australian forex broker FP Markets with much better trading condition.
This case is the only way we can prove transparency and reliability of our service. Now is turn for LexaTrade to publicly explain the difference between their two live servers. The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn’t ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently. Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice.
The ASIC license allows it to conduct financial services, including forex. All information on 55brokers.com is only published for general information purposes.
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LexaTrade Cheated Client 26 Dec 2016 Via Widened Spreads Need Help Recovering Loss, Moving Account.
Ask them to explain why they can’t transfer an account between those 2 servers. 1) Please take applicable measures to have LexaTrade promptly pay the US$331.04 loss to our client. I opened my account with LexaTrade last July and although they don’t have the tightest spreads, I like their training program.
I still didn’t mind then until they finally closed my account and restricted me from withdrawals after I made a very huge deposit. It was really devasting and heartless losing all my fortune to this company during this pandemic. I couldn’t bear the loss so I had to search for a way to get my money back at least something. So stumbled upon this expert at who assisted me in sorting my ordeals with this broker. I expose these brokers as much as I can so I can help other victims or intending victims out there.
Both of the platforms are computable to various devices, along with access through WebTrader platform which does not require a download, and offers multiterminal. As we timely say, the regulatory follow of guidelines and reputable license is a first thing to check while choosing a broker. Simply, strict regulation requires numerous ways to protect clients’ funds, as well to provide healthy competition and deliver of transparent environment, which is never a fact at non-regulated brokers. Also, broker understands that good education and knowledge of the market processes is the key factor in successful trading, for that reason, LexaTrade developed its unique project TradersClub.
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Finally I have gotten back all my lost fund and bonus from CFD stocks. They stocked all my trading capital and deprived me access into my account for over two months now after I’ve invested $70, 000 with them.
Please stay away from this company as much as possible. I have Been trading with them for 5 years and I can say I lost a lot with them. The account manager assigned to me was constantly forex manipulating me and advising me to make bad trade choices so I lose money only for me to find out that my losses were beneficial to my account manager and the company.
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The TradercClub provides extensive education programs for the traders of different level and includes not only materials but market analysis, risk management along with regular contests, seminars and much more. Server 1 runs on a liquidity provider based in London, which it will follow the markets closing time of the LP in Europe. I forwarded all the details required to him and that was how I was able to recover my fund , the steps are simple and flexible . Please I want to ask advice everyone who’s having difficulties in withdrawal or accessing your account , please am giving out his email kindly contact Mr Harrow Madsen with his email below he will help you get back your money. Foreign exchange, precious metals and over-the-counter contracts are leveraged products, which have high risks and may lead to losses of your investment principal. A Demo account included in the company offer also and bringing 100k$ virtual to practice trading or test strategies, indeed recommended as a start. And last, but not the least opportunity is a Social Trading, which allows traders that don’t have time to monitor and stay continuously on top of the markets, simply follow one of the professional traders strategies.
Please be careful on who and where you choose to trade , 85% of brokers and Account managers are scammers. Then they stopped picking up my calls and doesn’t reply my mails.
We do not present any investment advice or guarantees for the accuracy and reliability of the information. In addition, LexaTrade covers all deposit fees while withdrawals may require some fees, alike credit cards are eligible for 3.5% fee or Skrill, Neteller method will add on 1.5%. Now lets check which software and trading platforms LexaTrade use, well broker chose the reliable trading platforms MetaTrader4 and MetaTrader5 that complies with technological solutions and bringing endless possibilities. Overall, through the years of operation, the broker gained not only trust from the global traders, and by the support of social events but has won multiple awards that reward them among the industry for their excellence. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. All the above being said, LexaTrade is responsible for immediate compensation of our client’s US$331.04 loss, and we want this done today. Apart from it being the holidays, a major factor for the sudden hike in the spreads is due to the sudden change in the market.