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Lexatrade is a forex and CFD broker that offers trading services on various financial instruments, such as currency pairs, stocks, indices, commodities, and cryptocurrencies. Lexatrade claims to provide a secure and reliable trading platform, as well as competitive spreads, fast execution, and professional customer support. However, before you decide to open an account with Lexatrade, there are some important things you need to know about this broker.
First of all, Lexatrade is not regulated by any reputable financial authority, such as the FCA in the UK, the CySEC in Cyprus, or the ASIC in Australia. This means that Lexatrade does not have to comply with any rules or standards that protect the interests and funds of its clients. Moreover, Lexatrade does not provide any information about its legal entity, its registered address, or its contact details on its website. This raises serious doubts about the legitimacy and transparency of this broker.
Secondly, Lexatrade has a negative reputation among online traders and reviewers. Many users have complained about Lexatrade’s poor customer service, delayed withdrawals, hidden fees, and aggressive marketing tactics. Some users have even accused Lexatrade of being a scam that manipulates the prices and trades of its clients. In fact, Lexatrade has been blacklisted by several financial regulators, such as the CNMV in Spain, the FMA in Austria, and the FSMA in Belgium. These regulators have warned the public that Lexatrade is operating illegally and without authorization in their jurisdictions.
Therefore, we advise you to stay away from Lexatrade and choose a more reputable and regulated broker instead. Trading with an unregulated broker like Lexatrade exposes you to a high risk of losing your money and becoming a victim of fraud. You should always do your own research and check the background and reputation of any broker before you invest with them.
What to Do If You’ve Lost Money with Lexatrade?
If you have been scammed by Lexatrade or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.