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LexaTrade

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LexaTrade
Don't fall victim to this scam forex broker! LexaTrade has been accused of pushing investors to make more deposits and then cutting off contact. They are not regulated and have been blacklisted by the Polish Financial Supervision Authority. Save your money and avoid LexaTrade at all costs.

Operating status: SCAM

Website: https://lexatrade.com/

Broker violations and abnormal records
  • 2021-03-31 The Polish regulator KNF added LexaTrade into its blacklist
    The Polish Financial Supervision Authority (KNF) has added Swissone Group Ltd to its alert list. It states that the broker is not registered in Poland, yet is offering its services to citizens of the area: https://www.knf.gov.pl/en/CONSUMERS/Information_for_the_financial_market_consumers/Public_warnings?warningName=lexatrade&warningTypeId=all.
    The Polish Financial Supervision Authority (KNF) has added Swissone Group Ltd to its alert list. It states that the broker is not registered in Poland, yet is offering its services to citizens of the area: https://www.knf.gov.pl/en/CONSUMERS/Information_for_the_financial_market_consumers/Public_warnings?warningName=lexatrade&warningTypeId=all.
  • 2021-08-31 BrokersView has reviewed that LexaTrade is an unregulated forex broker
    LexaTrade claims to be operated by Swissone Group Ltd, a company registered in St. Vincent and the Grenadines. Nevertheless, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So LexaTrade is currently not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    LexaTrade claims to be operated by Swissone Group Ltd, a company registered in St. Vincent and the Grenadines. Nevertheless, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So LexaTrade is currently not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

Related Complaints

Q&A Complaints

17 comments

Justin Cope
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.
2023-09-15
2
Reply
Andrew Danawala
Frude fake broker don't investment money here.i depositmoney but still they didn't refund nor transfer tomy wellet account. It's too much boring for depositerror take more than 45 days. But still they all team issleeping here. So irritating brokerlication right now.
2023-09-13
1
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helenamarkson202
I lost up to $55k while trading on Binary Options. I tried getting my money out from the option broker account and was unable to place a withdrawal. I found my self wading through excessively complicated terms which seemed impossible to meet, all because I traded with an unregulated broker. I did not panic, I have good news . I lost over $55k to an unregulated broker who stocked my trading capital and denied me access to my account. I have recovered all my lost funds, through the help of a certified recovery expert. If assistance is needed, kindly get in contact with {frecuperation.online} and you will be guided on effective steps to take and get back all your lost funds in few days.
2 hours ago
Reply
Lisa Maria
It is possible to recover what you lost to scam brokers but most people don’t know this because they are either not informed or they have been conned by a recovery expert. Truth is there are only a few people who can pull this off and I was lucky to meet with one of them. If you need help with this I suggest sending mail to (JamesRodriguez) (@)(cyber-wizard) dt (com) I actually went to their office so they are 100% legit. Get the peace of mind you deserve.
23 hours ago
Reply
Vijayananthdini Lee
fake broker sometimes they don't even deposit yourmoney for 3-4 months Very bad broker which doesn'tbrokerear your money in trade account pls don't deposityour hard-earned money this broker will make disbrokerearyour money with in minute they also delay withrowalmoney.i request government pls ban this broker it's takeour money to their country.
2023-09-12
Reply
Elena Krulwich
I had similar experience on Lexatrade, This scams keeps growing with no ending in sight, We hope this stops and the authorities get more grip on things, I have been scammed severally
2023-09-08
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George Michael
Don't trust them awful company they declined to respond to my emails when I requested a refund of my deposits. Their lines do not go through. A guy by the name of Kingsley Cole used to call me every day before I made my deposit. When I did, he went quiet. I realized this guy was from Ghana. Another person by the name of Stephan Todd was very rude and disrespectful. He told me he is busy with other things I stop disturbing him. This company made me lose trust in online trading altogether. So demoralizing...!
2023-09-06
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Yong Abbasi
Black platform, easy to deposit but difficult to withdraw, no withdrawals when big profits are made, please stay away
2023-09-05
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George Michael
No matter how you explain it, there are so many slippages that intangibly increase transaction costs.
2023-09-04
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Yamaguchi Roodenburgh
I had a terrible experience with LexaTrade's customer support. They were unresponsive and unhelpful when I encountered an issue with their product.
2023-08-30
Reply

1-10 of 17 comments

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