LexaTrade Review – 5 things you should know about lexatrade.com

LexaTrade Review – 5 things you should know about lexatrade.com

Rating: 1

Beware! LexaTrade is an offshore broker! Your investment may be at risk.

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LexaTrade is a forex broker trading in indices, commodities and forex. The website of this company is organised in a way to facilitate registration and start trading right away. Whether it is safe to trade via this broker, we are about to find out.

LexaTrade Regulation and safety of funds

Swissone Group Ltd. is the company that operates LexaTrading. The company’s address is in St. Vincent and the Grenadines which is an offshore zone. Whether it is an offshore zone or a well-established jurisdiction matters a lot in forex trade because forex brokers from offshore zones are not regulated and as such cannot provide guarantee for your funds. Forex brokers in St Vincent and the Grenadines (SVG) are not regulated by the Financial Services Authorities there which means that if the broker goes bankrupt or simply decides to shut down the site, your money will be lost. We de not recommend trading with forex brokers from offshore zones, such as St Vincent and the Grenadines.

On the other hand, licensed brokers from the well-established jurisdictions, such as UK, EU, US, Australia and others, offer a good protection for your funds and provide a guarantee that you won’t be scammed. Let us give you and example. Licensed forex brokers in EU and UK must have an initial capital of no less than 730,000 EUR to be allowed to operate. In addition to that, they must report their transactions on a daily basis as a precaution measure against scam and shady deals. As you can imagine, scammers will not invest so much money and effort just to look legit. Also, the licensed brokers in the jurisdiction we already mentions, must contribute to compensation schemes from which the traders will be compensated if the broker goes bankrupt. If the broker is regulated by FCA, its clients will be compensated up to 85,000 GBP per person and if it is regulated by CySEC, then the clients will be compensated up to 20,000 EUR per person. Licensed brokers from US and Australia also offer excellent conditions for the traders and we recommend that you do a thorough research before selecting your forex broker.

LexaTrade Trading software

LexaTrade’s choice of a trading software is a web trader platform. For clients using the Platinum and VIP accounts, the broker provides access to MT4.

On the screenshot below you can see what the platform looks like. On the left, you can see the menu with the different trading products – currency, commodities, indices, stocks and cryptocurrencies, as well as the market hours. Next to it, are the currency pairs with their bid/ask price and trading amount. Far right is the chart that displays one of the currency pairs, EUR/USD, and its fluctuation in price for a given time period. We can calculate that the spread for this currency pair is 2 pips. We could say that the spread is within normal boundaries – neither too tight, nor too wide. However, on the company’s website, we see that the leverage is 1:200 which is high. Traders choosing brokers that offer high leverage are at risk of losing their funds. High leverage signifies 2 things – big win or big loss. Having in mind that around 70% of traders lose in transactions, chances are you are going to lose rather than win. Our advice is to stay away from brokers offering such high leverage. For your information in EU licensed brokers cannot exceed 1:30 leverage and in US, the leverage cap is 1:50. These are preventive measures, so traders do not get tempted and avoid losing their hard-earned money.

It is interesting to mention that there are some restrictions set in the Terms and Conditions document regarding the short-term transaction also known as scalping. If clients use the web platform, their minimum transaction time should not be less than 3 minutes if transactions are executed manually. If the transaction’s duration is less than the specified time, then the transaction will be canceled. Also, if the client has a bonus and is using MT4, then the same restrictions apply. If there is no bonus, then there are no time restrictions for the execution of the transaction. This is something you should keep in mind if you choose to trade via this broker and scalping is your game!

 

 

As we mentioned above, to its privileged traders, LexTrade offers the MetaTrader 4 platform. This is an excellent choice as this platform is one of the widely used platforms, together with MetaTrader 5. It offers a lot of perks to its users. For example, it comes with an auto trading option, a code base with customs scripts, a financial calendar and an app market. Its charting options are second to none! Clients can choose among a variety of technical analysis indicators, such as Bollinger Bands, Fibonacci retracement, moving averages and other, which help them predict the future direction of exchange rates and help them make profit.

However, do not forget that an excellent platform cannot compensate for the fact that this broker is not licensed.

LexaTrade Deposit/Withdrawal methods and fees

In the screenshot below, you will see the 5 trading accounts that LexaTrade offers to its clients – Start, Silver, Gold, Platinum and VIP accounts. The minimum initial deposit for the Start account is $250. The other accounts start at $3,000, 10,000, 50,000 and 100,000. As we mentioned in the previous section of the review, among the perks for the clients of the Platinum and VIP accounts is an access to MT4 platform.

 

 

The minimum amount of withdrawal is at least $ 50.

The payment methods for deposit and withdrawal are rather limited – VISA/MasterCard and cryptocurrency – CryptoWallet, Bitcoin, e-Payouts, etc.

What we’ve noticed in the Terms and Conditions document, is that this company charges rather a lot of fees. First, there is the additional commission of 5% is the client conducts less than 5 transactions. Also, for accounts that remain inactive for 90 days, 5% will be charged each month.

If you look again at the account type info, you will notice that for each type of account, the broker offers bonuses in various percentages depending on the account type. You must know that bonuses are double-edged swords because they come with heavy to fulfill requirements attached to them. In this case, to be able to withdraw the bonus amount, the trader must trade a trading volume of  $10,000,000 for every  $1,000 bonus and withdrawing bonuses and incomes is possible only when the volume of trade is reached. Can you imagine what mess this is going to create for your funds. And what would happen if you decide to close your account? Do you think you’ll be able to get your funds without any hassle? Think again!

How does scam work?

No one wants to be duped by scammers, but it happens all the time because they know how to manipulate people. As they say in one popular song “sweet dreams are made of this” and this is what scammers rely on – creating in people’s mind a sweet dream of being rich! Scams usually start by unsolicited telephone calls or ads on the Internet or social media promising quick and easy profit. It is easy to fall into scammers’ trap and once you make a deposit, you are done for! Scammers won’t let you get away easily even if you realise that you are being scammed. They will try to delay you when you try to withdraw your funds by asking you to provide this document or fill out this form, etc., in order to make you miss the deadline when you can file for chargeback.

What to do if scammed?

You need to act very quickly. First of all, if you have made a deposit using a credit card, you must immediately file for chargeback. Fortunately, VISA and MasterCard allow for 540 day period in which you can file for chargeback. This is the good news. The bad news is that if you have made a deposit using bank wire or Bitcoin, the chances of you getting your funds back are nil!

Another thing you can do is cancel your credit card if the scammers have your CVV code. Check your PC and erase the software that gives scammers access to your personal data.

Be careful, because even doing all that we recommended, your unfortunate experience with scammers may not be over. There are the so-called recovery agents. One of those may approach you offering to recover your funds for a fee. Do not trust them and always check the legitimacy of the recovery agent and the agency.

Also, be aware that some “victims” of scam may post comments after the review, saying how they lost money and how a recovery agent helped them retrieve their funds. They will even put the contact info for this so-called recovery agent. Do not trust them either as it is another case of scam!

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Cyprus, SVG4.8/5$100 Click for a special offerWebsite
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154 Comments

  1. Lexatrade is a fraud company .I lost my 4000 USD.First they ask me to deposit 250 USD.Then they asked me to deposit another 2000 USD.I refused then they asked me that they will provide me auto trading platform after depositing 1000 USD and insurance of my funds will taken care by Lexatrade.But after all this I lost my 4000 USd due to auto trading platform.Contaced Lexatrade advisor they are now asking me to deposit another 2000USD.Please donot fall in trap.Fraud company

    1. I agree this is fraud company, please file a suit against the co to get refund, if you get 10 such cases there licence can be cancelled

      1. How can we file a legal suit.i have been duped of 20000$ but i have generated again same account in trading in lexatrade.com. but those scamsters want me to trade more.is there any way we can screw them

      2. Lexatrade is a froud company I spend 250$ in this company swapnil and jyotisri contact me for investment after that aarav jain contact me and fully depend on him I open deal only his recommendation and for this my balance is zero,. This totally scammed don’t invest this company. I also given review in trustpilot after that aarav jain threatened me again and again I also complained agaist this company to cyber crime cell. So do not invest this company. Totally scammed

    2. Please give me detail , I will put in news as this co is having lot of Indian investors, so people will become aware about this fraud co, if want I can give a good advocate in UK who does these fraud co cases

      1. I just got a call from lexa but i came through ur comment thank u

        1. Thanks for the experience review as, the keep on calling I became confuse if I m going to make the deposit or not.I have some clues now!

      2. jeyavel annamalai

        Sir iam also one of the recent victim cheated by lexatrade can u guide me how to withdraw my fund

        1. pls help me too

      3. Yes definitely lexatrade is a fraud.please case against this company.I want my money ,but they said they can’t .

        1. Dear All,

          Readers It was a mistake i added these fake comments.Reality is i wanted there cofudings the bonus they given. now they given my money and profit to me sorry for misleading you guys.

          Thanks!

          1. you got money or you got assurance to post positive and they will repay ??

          2. Lexatrade is world’s biggest fraud
            Lexatrade is a fraud company .I lost my 1700 USD.First they ask me to deposit 250 USD.Then they asked me to deposit another 100 USD.Then they asked me 1360 dollar. they asked me that they will provide me auto trading platform after depositing 1000 USD and insurance of my funds will taken care by Lexatrade.But after all this I make profit my 2000 USd .I want withdraw some amount of money then they asked me it’s now you make 2000 trades first then you can make withdraw from lexatrade .Contaced Lexatrade advisor they are now asking me to deposit another 2000USD.Please donot fall in trap.Fraud company
            Lexatrade is world’s biggest scammers,my so called manager mr Aarav Datta asked me for delete my reviews from Google and he will send me my money immediately and send me his own written review to copy paste ,i want my withdrawal so I pasted it ,but now he said me that money process is 21days. Lexatrade is scammer .they all are lyer .sweta Sharma ,mr Aarav manager of company .please don’t waste your hard earned money . beware from lexatrade

          3. Dear Ms. SWARAJ kAUR,

            In your earlier messages you say LEXATRADE IS A FRAUD CO. and on 21 June says it is your mistake because LEXATRADE is a good company.

            I think LEXATRADE has given back your invested ammount agaianst some agreement.

            Please tell the magic.

            I am also duped off by them.

            Tell me the procdure.

        2. Someone called me few hours ago,he is an agent assigned to me from LexaTrade in Aberdeen Scotland.

      4. I just invested 250$ and now they are not allowing me to withdraw..I have put a police complaint in cybercrime division

        1. Did it help.. have you got ur money back. Is cyber crime able to help

      5. Pls help me out also

    3. I have invested $250 and lost the entire amount. Am ready to support. All the local guys act as if they are calling from UK. Also they won’t share their business contact information.

      1. I think their accent sells them off as not being in the UK.

      2. Sir correct how can we get the deposit money

    4. Dr Tribhuvan Nath Shrivastava

      I feels like that same as you because my total equity and earned money finished and now in my account minus 15 dollars only, and insured money also lapsed, company says to me,what further steps can do for that?I reached about 10, 000$butnow I have zero and trade out।

      1. Thanks for your review….

    5. i have invested 500 dollars theyre not giving my money back and telling me to trade more what am i supposed to do i need my money back. can someone help me!!!!!!!

    6. thanks for your valuable comment. you saved me.

    7. Thank you for this review, I was about falling a victim but, you saved me now.

    8. Hi,
      I have lost almost INR $6500, where they insisted by depositing more money to recover the loss incurred in trade. They even promised of Insurance recovery of lost money, it did not happened, they had given me the option of robot trade where we will receive around 250$ per day, accumulate for few days and withdraw.

      After giving the consent, my entire balance of $1740 is lost within no time. Now they are showing balance of -$544.

      Please help me in getting the amount back.

    9. Hi please confirm if any lawsuit has been filed against this company as even I have been duped for 250 USD.

  2. Lexatrade is big fraud, I am duped by 40000 $ by saying that the deal is covered by insurance, and after loss the Adviser Mr Manoj Sinha does not come on Skype and send new person and he says there was no insurance, Still I have balance of $ 2100 in my account which I am requesting to return back, since no reply from yesterday and now I am preparing for a legal notice, please be away from Lexatrade it is a fraud,

    1. Hey, I also in traped in lexatrade ! But if you notice they can give us an account and in account there is Autocractertics signals ….and I try in other platforms in demo account ! And Autocractertics is work! I know we can not get money back from LEXATRADE ….but he have apportunity to make money on the basis of Autocractertics in other platforms!
      Be positive!

      1. Which platform have the opportunity to make money on the basis of Auto-cractics in other platforms!
        I just wanted to make payment now in lexatrade which they promised that robot will be the one trade for me and I will make a massive profit. Is there any real and simple way to make profit for trading. Please I need response from you.

    2. Bhai mana bhi amount invest Kiya…par mana Kuch time baad mana unsa withdraw Kar na ki bat nikali…..tho mara advisor excuse Dana laga …..tho …mana unka Jo company sa mails aata hai…sab ma…CHEATED and lost trust fro. lexatrade Kar Ka mail Dal Diya….unki literally Gand fat gai tho…unka calls har 5 min Mai, message aana laga…tho ap bhi ya Kar Ka dakhaay

      1. did you get the withdrawal
        ——————
        Withdraw mila kya aapko

        1. NO. Can you help out the procdure.

    3. Dr Tribhuvan Nath Shrivastava

      How can filed।

    4. Hi Surendra, anything happened next about the Lexatrade? Any action taken & got your money back?

  3. I just registered for LEXATRADE some couple of weeks ago through an online ads they called me and told me to deposit $250 as minimum and start earning right away I asked them some questions which they answered convincedly have been searching everywhere about them but am yet to confirm if the platform is legit or scam before going ahead with the deposit I will be grateful if I can get a reply.

    1. Lexatrade is a fraud company .I lost my 1700 USD.First they ask me to deposit 250 USD.Then they asked me to deposit another 100 USD.Then they asked me 1360 dollar. they asked me that they will provide me auto trading platform after depositing 1000 USD and insurance of my funds will taken care by Lexatrade.But after all this I make profit my 2000 USd .I want withdraw some amount of money then they asked me it’s now you make 2000 trades first then you can make withdraw from lexatrade .Contaced Lexatrade advisor they are now asking me to deposit another 2000USD.Please donot fall in trap.Fraud company

      1. दिलीपसिंह गोहिल

        I also deposited $ 250 last week and asked me to return the money as soon as I found something wrong, then expert says you will have to do 200 deals plus after that your wallet will be free..!
        ——————————–
        मेने भी पिछले हप्ते 250$ डिपॉज़िट किये और मुजे कुछ गलत लगते ही पैसे वापस करने को कहा तो एक्सपर्ट कहती है आपको 200 डील प्लस वाली करनी पड़ेगी उसके बाद आपका वॉलेट फ्री हो जाएगा..!

    2. Lexatrade is a scam. Fraudulent company. They scammed me and forced me to make a deposit after multiple calls. Now when I want to withdraw my money they keep telling me stories. Don’t fall into their trap. They are scamming people of their hard earned cash

    3. This pltform is totlly scamm.

      To me also they kepp telling to invest more but I have seen people comments and please do not invest again even a single cent.

    4. Don’t invest more ur money is lost

  4. Lexatrade is a scam – keep away from them. Before I started trade with them I read a lot positive reviews about them. I started on Feb this year. On the beginning everything was OK – of course I paid few deposits – I was believe they are “honest broker” as articles said. When I was sending money and wasn’t asking for withdrawal – all was OK. Two months ago I mentioned about withdrawal. It took them 1 week to put my account to zero. They offer you fancy platform and other toys but still they have only one target – zero.
    They don’t have license but still on some pages we can find info that they have Australian one, sometimes UK or UE one.
    It is impossible how they can took our money and nobody can do anything with this.

  5. BIJAY RATAN PODDAR

    Thanks God and everybody that I could know about lexatrade from all of u. Today was going to send money to lexatrade but my six sence alerted me to read some reviews. My God thank u for saving me from this fraud. My Indian Brokers are more dependable than this fraud.

  6. Thank you guys for this info and eye opener. I received a call from there ACC desk by 12:05hr telling me to pay minimum of $250 in order to complete my registration, but I told the Lady I will do that , but she was trying to put pressure on me to make the payment, then I suspect a fishy move. I told her I will do that next week,”when next week” she asked I told her Tuesday or Wednesday but she prompt me to pay on Tuesday. I just want do business, thats what was on my mind , until I stumbled on your post, comments and risks if I trade with not just a fraud but an offshore fraud. Thanks guys.

    1. Hey thanks guys,today I was to deposit $250 with this platform. A lady called me and introduced to me about Lexatrade she had to put more to me that I do registration very and start earning $50 daily. Well I really know I bought 100,000 shares with onyxcoin since 2017 to date I have not yet sold them. Was told that these shares were to mature within three months,am glad for this info. Once beaten twice shy.

      1. But my manager shweta sharma told me before i invest money that after insaurance all loses is covered by company and your money 1360dollars is safe.but now they said your all money is lapsed .they all are fraud

        1. Lady, Why o you keep changing statements.

          on 17.06.21 yousay it is a scam company.
          On 21.06.21 yousay it is your maistake because LEXATRADE is a good company.
          On 30.06.2 yousay you have lso your money. Pleae sail in a single boat.

  7. I just finished receiving a 20 minutes call from Lexatrade and I was persuaded to make deposit of 250 dollars with mouth watering profits within days. I suspected foul play when I was advised to make deposit into one zenith bank account. I knew inside me that something is not right but I cannot be pushed to do what I don’t want to do. Thanks to everyone for these reviews, it will save a lot of people.

    1. You are a lucky chap.

  8. I just finished receiving a 12 minutes call from Mr Jessie Roland from Lexatrade and I was persuaded to make deposit of 250 dollars with mouth watering profits within days. Asking me to send the money urgently, I was advised to make deposit into one zenith bank account. Which details are
    HELLO JIMOH
    This is Jessie Roland from Lexatrade,
    Below is the account number of the company with Zenith bank Nigerian.

    Note; MC SL BIZ NIG LTD is a subsidiary company to Lexatrade company, so any transaction that you do with them is directly done with Lexatrade also. This account was created to provide several means of activation to clients in Nigeria as most clients there do not have a VISA CARD OR MASTER CARD.

    Bank Account Details
    Account Name MC SL BIZ NIG LTD
    Bank Name : Zenith Bank
    Account Number: Nigerian Account No: 1016598482
    Please as soon as you make the payment, kindly send me a screenshot of payment/slip. The minimum deposit is $250 which is equivalent to 98,000 Naira. Also asking me to provide some documentation which will allow me to withdraw my money, the details are,,, 3 of these documents, and upload them on our platform. Below are some of the documents required of you to send:
    1. National or Insurance ID
    2. Passport
    3. Driver’s License
    4. Receipts of any utility bills paid
    5. Degrees/Diploma
    6. Birth/Marriage Certificate
    7. A snapshot of the visa/master card you used to make the payment. In doing so, ensure you cover the seventh (7) to twelve digit, and at the back the cvv code. So what should I do?

    1. Don’t send any money. Tell Mr Jessie “go to hell” – believe me it is not even his real name.
      They will scamm you – keep away from them.

      1. Absolutely right.They call with fraud names.

    2. Ooh don’t attempt to give out CVV code

  9. I wish i had read these posts before i paid the 250 usd. Oh well, i might as well just play around with it and not expect anything in return. I have already written off that money.

    1. what shoud i do to get my money back!!!!!!!!!

  10. Thank you guys,you all just saved me from this fraudster from pit of hell. I was about making payment before I started doing my research and find out that they are not what they claimed to be. KUDOS TO YOU ALL

  11. Need expert advice and we should all team up and file a legal lawsuit against lexatrade

    1. Yes ,I am ready, email me when you file a legal lawsuit against lexatrade

    2. Yes I am ready to join. But their exact location is not known.If foung then tell I ill join you.

    3. Pls, I need help on how to get my $250 back asap too. Let’s team up to file for this.

  12. Thanks guys, was about to make a payment of 250USD but I see is all a scum u saved my little money I have struggled to save. Thanks.

  13. I have already paid 250$ now what to do can I get it back

  14. thank you for saving me from greed mind, I was just about to deposit the $250 to my account then my mind says let do some investigation about the broker then I start to see a comment that makes my soul so lost in thought and mind.

    thabk you soon much.

    1. Thanks guys I was searching funds to invest with lexatrade, God bless you

  15. You all saved me from this scam, I was to deposit $250 then I thought of doing some research. God bless you all and give you a genuine company.

    1. I live in Nigeria and have read some positive reviews about lexatrade and cautious ones too. Albert George, my accounts officer and one of their financial experts whose name I can’t recall.asked me to deposit 96,000 (250 dollars) to a zenith bank account. But I wasnt convinced about the legitimacy of the whole thing. I smelt a rat and decided to investigate furtherand stumbled on this site. Thanks to you all for your info.For those who lost money to those bastards I pray you find a way to recover everything.

  16. Dharmendra Tiwari

    I have already deposit USD 250 how I can return my money from lexatrade

    1. is laxatrade fraud. bhai i got call from laxa . what can i do

      1. Sudhir khobragade

        100% fraud company don’t invest your hard work money there

        1. Mere sath Lexatrade ne fraud kia h pahle kisi Yash Chaudhary ne account open karaya Fir Aarohi sen ne call ki skype pe unhone bataya ki yash Chaudhary ka transfer ho gya h ab m aapki financial advisor hu yash Chaudhary ne 250 dollar Neha malhotra k madhyam se dipsi karay fir ye kahker ki aapko auto trade karayenge 1500 dollar fir diposit karay fir Aarohi sen ne yah kahker k apko forex m loss hoga crypto currency commodity m trade karana to aur thoda thoda diposit karo fir 100 dollar diposit kara deye aur trade kara ker 873 dollar loss kara deye ab account m balance zero dikha raha h madam Aarohi sen skype pe koi reply nahi de rahi h aur na hi koi widrowl ho rah h .ye company bahut badi scammer h

  17. Thanks guys.
    You have saved me my hard earned money I would have deposited into these scammers account.
    I have learnt a great lesson to always verify and ask question about any opportunity that looks too real.

  18. Today, evening twice and yesterday one lady named Akshara Anand, she speaks a little bit of Malayalam, Tamil. she asked me to deposit a minimum of 250 us dollar and return 100 % within one hour. Thanks to the reviews above, I have not lost my money. thank you .Their no.+442080773558. Account manager.

  19. What a great eye opener am just about to pay $250 by Monday before seeing all your comments am very grateful

    Pls he can we get a legit trading company to register with.

  20. Cassandra M'mboga

    It has been two months of me asking back for my $250. Long phone calls follow in which they keep trying to get you to trade more. The calls are from numbers that are in Aberdeen to Kenya. They still won’t return my money. I am very upset with this. I wish I had read this article before I bothered.

    1. This is true this call are from Aberdeen.This the current number they been using on me to get them the 250$ deposit +441224051620⚠️

      1. I received many calls from this lady by the name Roselyn king from uk, she persueded me to deposit $250. Thanks you all for your review it’s a fraud don’t attempt this deal.

  21. Saw their post on Facebook, their representative Mr Arjun Tyagi continuously called 10-15 calls with in 30 minutes, when I picked his call he totally misguided about company process he told that paying $250 can start earning with robotics and can start withdrawing your profit instantly, after paying amount he stopped calling and responding emails, then a new contact Gaurav Kashyap asked me to pay more money asked using $250 for trading you will get loss your money and pay minimum $250 more for manual trading and $2500 for robotics this is totally scam and trapped the client, initially Arjun Tyagi did misguide and took $250 another day Gaurav Kashyap asked for more money I raised a complaint to phone pe and bharti pay to stop payment also, raising a FIR against these two people and complaing to cyber crime branch for this scam, Indian people are being looted by Indian. Also, I will start campaigning on social media for this scam and expose these guys.

    I request you all please come together to file a police complaint and expose these people n company on social media platforms.

    1. Pls connect and suggest how I recover my money it’s 10000$

    2. I have filed a police complaint today

    3. Hello, Uttam Kumar ji, how can we complain to cyber crime branch, send its path, so that we can also complain
      ————————–
      hello, uttam kumar ji, kaise hum cyber crime branch mai complaint kar sakte hai, uska path bhej do, taaki hum bhi complaint kar sake

  22. Thanks for saving my ass.i was already thinking of borrowing money to invest

  23. I have opened forex trade account with Lexatrade on a call made by their representative. Lexatrade representative (Ms Niti Srinivas as told by herself) requested me to first deposit minimum $250 with mouth watering profits within days. On her request, I had deposited $250 in the Lexatrade account. Once I deposited the amount, the lady disappeared and not responding to my mails. Later, I have requested Lexatrade financial advisor for withdrawal on 09.03.2021 and closure of account but no action has been taken till date. When I further talked to Lexatrade representative on this issue, they have denied for refund. Now, I have assumed that I have lost $250.

    Lexatrade is a big offshore fraud company. Please do not fall in the trap.

    Ajay Singh

  24. I have been scammed of over 6,000$ . Pls help what should I do??. Lexatrade has duped me

  25. I suffer the same. What can we do

  26. I have opened forex trade account with Lexatrade on a call made by their representative. Lexatrade representative (Ms Niti Srinivas as told by herself) requested me to first deposit minimum $250 with mouth watering profits within days. On her request, I had deposited $250 in the Lexatrade account. Once I deposited the amount, the lady disappeared and not responding to my mails. Later, I have requested Lexatrade financial advisor for withdrawal on 09.03.2021 and closure of account but no action has been taken till date. When I further talked to Lexatrade representative on this issue, they have denied for refund. Now, I have assumed that I have lost $250.

    Lexatrade is a big offshore fraud company. Please do not fall in the trap.

    Ajay Singh

  27. While I was trying to enter in Crypto Currency, these notorious financial criminals of Lexa Trade have observed secretly my interest about it & right from the word go, these Lexa Trade Team were able to track, steal my mobile number & were after me for more than one month, as I was postponing to put my initial deposit of $250 with them. During the course, Almost all Lexa Trade team has contacted & tempted with lucrative profits within no time. Some of them, who contacted me again & again are 1.Akshara Anand [email protected] 4.Abisha Ananad|Lexatrade, Account Manager, Phone: +44 208 077 35 58, Email: [email protected] & one Christine ([email protected]) has asked to forward all my documents to her mail for verification as if their Lexa Trade is genuine one. Even, I doubt their names are real or fake & while chatting, don’t have any guts to show their faces either on WhatsApp or on video skype, simply hide their identity as they are afraid of getting caught. After initial deposit of $250. they add another $250 as bonus to fool new customers, would be good for initial few days, when the moment you ask for withdraw of part amount from existing balance with attached Personal Manager, he seeks permission to do so with their Financial Section. Within hours they start manipulating the Trade Platform, then they have shown my balance as ZERO.00 & one label appeared that I have been out from trading if I wish to remain in trading they demanded me put more dollars in it. That complete stolen money from this trade, add bonus to new enrolled customers & remaining stolen booty share among the staff of Lexa Trade. Unless they are caught, given rigorous punishment & put behind the bars for their rest of life, they keep on cheating new customers, specially from India & would lead very luxurious life.

    1. Thanks guys for your help, was trying to get money to invest with lexatrade,
      They kept calling me frequently
      if we can get a way to expose them, it’s better

  28. Ravi Shankar Singh

    I wish i had read these posts before i paid the 250 usd.Can I do something now?

    1. Thanks Guys, all these reviews convinced my doubts about laxstrade and can’t trade with this fools.
      Once again, thanks

  29. So my $257.49 is lost?
    I deposited it 3 days ago!!!

    1. Don’t loose your patience, try to win more money but do not deposit any more after then ask to withdrawal the money, then see what’s they talked

  30. I was about to deposit my money guys. Thanks for the reviews.

  31. It is really surprising that how this fraudulent LexaTrade is being operated so prettily to date, despite directly cheating customers to invest minimum of $250. If it is delayed to invest, simply this whole Lexa Trade fraudsters lay trap like spider’s web from all corners & contact us from different mobile Nos. until the customer agrees to pay the deposit. After doing so, to fool him they add another $250 as a bonus in his Lexa Trade account. They allot him with one Personal Asst. For initial few days the Trading Platform would be conducive & able to make quick money, whenever, customer calls personal Asst.for help, he replies that he is busy with other customers. If customer seeks to withdraw the part amount from his balance, then they start manipulating the trading platform within just one or two days his balance shown as Zero & label appears on it that you have been out from further trading, if you wish to continue, invest another $2000 so that hassle free further trading would be there for you. Out of the looted amount in dollars/Euros, would again be added $250 as a bonus to new customers who just join & rest of the booty simply these fraudsters share among themselves & leading luxurious life. It has become routine for them. Their modus operandi is only to procure new customers & get lucrative commission for it. Really, one wonders, how they are openly cheating customers with so much money from all over the world, especially they target Indians. Why International Security forces are keeping quiet in this matter. God only knows still how many people would cheated like this with their hard earned amount around the globe. We have to wait & see helplessly.

  32. My goodness. I just deposited $250 on 22nd April and the person stopped responding to my emails. I later entered and got a contact person as my financial expert to coach me on. We talked on skype and agreed to start trading. But he kept saying that $250 is very little to start with I should add more. I told him we proceed as we continue I will top up. It sounded so fishy to me that I have not started trading but talking of adding more money.

  33. Thanks for your comments you have saved me a whole $250. yesterday I was contacted with these no +441224051620 from a lady and convinced me to invest today I was about to deposit just before I read these çomments.we should research more on theses brokers especially those claiming they have an app for trading bitcoin.most are scammers

  34. ialso scammed 250 dollar from lexatrade

    1. Big fraud company

  35. I have opened forex trade account just 02 days ago with Lexatrade on a call made by their representative. Lexatrade representative requested me to first deposit minimum $250 & submit the Copies of PAN, Adhar Card & Bank statement. On the request, I had deposited $249.98 + $6.02 through PhonePe in the Hansraj Enterprises account and documents send to Lexatrade E-Mail ID. As read all this now, I have assumed that I have lost $250.

  36. Thank you dear friends. By god’s grace I came accross your posts, if not I would have deposited the money tomorrow. Thanks a lot

  37. They are fraud I have experienced they will just ask you to deposit more and more. They don’t want traders they just want a deposit and they are getting fat by eating hard-earned money from people. They will force you to take a bank loan and invest in crypto but just don’t trust them. Then they will block your account and you will not be able to withdraw your money. They will say deposit and then only you will be able to withdraw like this you will be trapped and then they will give you such a trade that your account will get swiped off. Then they will make a drama of giving you a VIP manager which is always busier than the Prime Minister and you will also be told that she will trade on your behalf which she never does and excuses that they have other better clients to handle (we are toh always free to look after them). What do they think of themselves.

  38. ALERT ALERT ALERT !!!

    Tomorrow News on Facebook, Twitter, Instagram n all social media channels

    – A big SCAM London based FOREX trading company LEXATRADE is in functional.

    INDIAN Innocent PEOPLE ARE BEING TARGETED – by the Indians are working for Lexatrade

    We have already been scammed by
    Mr. Gaurav Kashyap, Arjun Tyagi

    Gaurav told his address – Dwarka sector 1, New Delhi
    Arjun Tyagi – Gujarat

    We are getting their identity checked with election commission voter list

    They always post an Advertisement on Facebook to attract the people using photo profile of indian billionaires Mr. Mukesh Ambani and Ratan TATA.

    It’s a request all please ALERT from this type of Ads and social media posts, please share this article to all channels, we have to save our citizens.

    Please come together all and file a complaint against these elements so that people can escape fromALERT ALERT ALERT !!!

    Tomorrow News on Facebook, Twitter, Instagram n all social media channels

    – A big SCAM London based FOREX trading company LEXATRADE is in functional.

    INDIAN Innocent PEOPLE ARE BEING TARGETED – by the Indians are working for Lexatrade

    We have already been scammed by
    Mr. Gaurav Kashyap, Arjun Tyagi

    Gaurav told his address – Dwarka sector 1, New Delhi
    Arjun Tyagi – Gujarat

    We are getting their identity checked with election commission voter list

    They always post an Advertisement on Facebook to attract the people using photo profile of indian billionaires Mr. Mukesh Ambani and Ratan TATA.

    It’s a request all please ALERT from this type of Ads and social media posts, please share this article to all channels, we have to save our citizens.

    Please come together all and file a complaint against these elements so that people can escape from such scammers, if interested…..

    Thanks !!!!

  39. LEXATRADE says about negative reviews on his own website that negative reviews come from our business competitors.

    Are all Indian people their competitors ?

    Am I their competitor ?

    This company is totally FRAUD, there are all genuine reviews, initially they asked me the same words that they are our competitors writing negative reviews and took $500 from me.

    After that they eatten my all $500.

    So guys don’t trust them you will be trapped.

  40. Lexatrade is in Isle de Sao Tome. Not in the U.K. They are a Scam. When you want to withdraw your funds they come with all kinds of excuses. They do not want to provide proof of withdrawal and try to communicate by Skype. You will not be able to communicate by email after initial contact.

    1. Guys, we should all come together and report a fraud case with crime branch against, collect all the phone numbers where they are being operated from ?

      Hence, please share all your contacts so that we can create a case file.

      1. I have been dupped by lexatarde for 200 dollars, I have filed a claim on IFMRCC (https://ifmrrc.com/claim.html), Please guide me on how to retrieve the money from them.

      2. I have filed a police complaint today

  41. You are right Justin, they totally fraud, they contacts with the fake names and say that Lexatrade is operating from UK indian contacts are also there cheating Indian people. Can we come all together and expose this scam internationally so that they can’t cheat others anymore

    Nothing can be done by only writing reviews

  42. Lexatrade is found a fraud trading company, the given UK address is a fake address, this SCAM is being operated from the corner of any asian country near India. Since, max numbers of Indian communities are being targeted.

    I have taken further step to shut this company and get the scammers like GAURAV KASHYAP and ARJUN TYAGI (seem fake names) arrasted, I emailed to Google Play Store to remove the Xcritical trading app of Lexatrade also emailed to Google CEO Mr Sunder Pichai to look into this and remove the app ASAP. Also registered a FIR against company and it’s scammers given them their international numbers they are calling.

    Need all your help to expose this company together, one hand can’t do anything.
    My contact [email protected]

  43. Guys, nothing can be done until we don’t come together and action on this bloody Lexatrade, this is the time we have to come together else they will continuously scam with the people, please share your contacts phone, email etc so that we can take appropriate action against

  44. Indian Scammers (Gaurav Kashyap and Arjun Tyagi) involved
    Guys, nothing can be done doing writing reviews until we don’t come together and action on this bloody Lexatrade, this is the time we have to come together else they will continuously scam with the people, please share your contacts phone, email etc so that we can take appropriate action against

    After taking money they show you loss, if profit you can never withdrawal.

    Bloody fraud company Indian people involved.

    It’s app Xcritical must be removed from Google Play Store by Google to stop more SCAM

  45. Kartik Choudhary

    Lexatrade is a big SCAM

    Lexatrade is scamming around the world on social media network, Asian community is being targeted majorly.

    Guys come together to stop this scam at International level.

  46. Thank God this review. I could just have sent the fund to these scammers. You are God sent.

  47. I am also getting calls to deposit 18300rs. What to do please in suggest.
    ——————-
    Mujhe bhi calls aa rahe hain 18300Rs deposit karne ke liye . Kya karu please suggest me.

    1. Don’t waste your hard earned money in lexatrade, company is totally fraud

  48. I also lost $1000 you deal with a different individual every now and then but they reall disturb you by calling all the time.

  49. I lost $4000, ready to team up against them

  50. Guys go to the playstore and report XCritical app

  51. Guys come together to take action against this SCAM LEXATRADE, email me [email protected] and share your contact details

  52. Devesh Kumar Srivastava

    I am also getting email from lexatrade thanks to all of you to save my money

  53. Thank you for the comments. somehow I have got rid of this scam

  54. I have lost $4,000 from this fraud company. Is there any possibility to recover this money from lexa trade. please let me know if you have any legal ideas.

  55. Don’t very I fill 3 f.i.r Delhi Mumbai and Dehradun also mail India It ministry.

    1. G Pushpa Varshini

      We Will get money back through complaint

  56. I just got called from +919433165916, +911171596731, +442080683066 they told me they from lexatrade and I can earn money from today if I deposit 250 USD then immediately I can earn which hard to believe they advertised Mukesh Ambani earning by Bitcoin loophole and then I was impressed if Ambani can earn money from this then why not try and when I put in their advert site I gave number then immediately I got called from them and they forced me to invest 250usd but I search their details at last they gave me their Lexa trade website but when I checked web details I felt it’s really fraud I hope everyone aware about this

  57. Below is the email which I received yesterday… and the guy name Harsh Suryan is continuously following up with me…
    ========================================

    HELLO,SHAIK!
    I tried to contact you by phone, without success, unfortunately.
    Please contact me in any way convenient for you: by phone, Skype, E-mail,
    online chat, or write in your response letter a convenient time for a second
    call.
    Harsh Suryan | Lexatrade
    Account Manager | Sales Department

    Phone: +44 208 077 35 58

    Email: [email protected]
    Skype: —

    Web: http://www.lexatrade.com
    =================================================
    Beware of such scammers….

    1. Scammers dont do any trade

  58. Even I lost around 2500 USD … m surprised why any legal authority is not taking any action against them… why. innocent people are becoming their prey … is there no cybercrime agency in the world that knows about it.. how is it possible.

  59. I have been phoned by some Rahul Agrawal of Lexatrade he say his office is in Mumbai west Vikroli. He asked me to deposit Rs. 18500 for good benefits. I am confused tomorrow he will again call me. After reading so many reviews I decided not to be trapped.
    Thanks all dear friends.

  60. Hi, guys. I give USD$250 thanks to you all for sharing your experiences with LexaTrade. Although you may have lost your money to them yet you are doing a greater work by creating this awareness for people like ME who was at the point of clicking “Continue” button, which would have given them my money. Somehow I was hesitant at the point of sending the money, which was all my savings at the time. A million thanks again guys. Fire pon LexaTrade!!!

  61. Guys, i am deposited first money 250$ and get welcome bonus 250$ and i got cal from Swetha Sharma told to me if you deposit 5000$ you will take insurance or 100% bonus, if you want to withdrawal your money before reach volume of trade then bonus amount will be deducted and your money will sent to you. So i agreed and deposited 5000$ and i got 5000$ bonus and i got robo trading option by Swetha Sharma,after i got cal from prashant Trivedi and he told to me Swetha Sharma sick due to corona and i am your personal expert now, and why you are taking robo trading option it is not best for you, he told to me deposit 4000$ and take insurance of 4000$ and you will get 80% profit 100% sure. Then i deposit i got 100% profit through metatrader platform. Still i am loss my amount 2000$ nearly and i asked him for withdraw then he told to me one best offer is for you deposit 10000$ and you get insurance and 15000$ profit 100% sure. But i told him i dont have money now i want my money he suggest me take loan from friends you will get profit within 3 days and withdraw your amount immediately. Then i deposit money i got profit. Now i am asking for withdraw money then they are not processed my withdraw request and he told to me wait for turn over complete for bonus rec’d then you will get your money after complete turn over. I was shocked and asked him you are told to me you will withdraw your money immediately he answered i dont know you were taken bonus, now i was check account you take bonus from us and he told to me please read our company terms and conditions and next i was told to him don’t do any trades from your side, i will do and i want money back but he is done and i am loss my money of 36000$. So please guys don’t deposit in lexatrade they are manipulators.

    1. Even I lost my 1300$.

  62. Prashant Trivedi, Arman singniha, Shwetha Sharma, Shreya Deshmukh they all are company persons contacted with me, after i got pblm with prashant Trivedi and i asked him who is your boss i want to talk with your boss. he told to me company is mine i am the boss of company, so please guys i am looser and you don’t be foolish they are manipulators, they want money, they take our blood money and fill up their pockets and take to home for her family, uska family kaise kush hoga dusra ka khun pasina ka paise ko leke hum bungalow banayega sochega tho kaise hoga. Koi tho aise company ko bund karvado please

  63. Guys don’t deposit money in lexa Trade, there is not possible withdraw money from lexa Trade, there is one term condition when you are reached volume of trade turn over taking bonus from company then you will withdraw money, but if you complete your turn over they will not respond you for withdraw money,they will told to you deposit some more amount for will get more benefits, if you don’t deposit money they will tell you we will do trades and give more profit, but first you get profit and next you will loss and your all deposited money will go big 0, i am deposit 19500$ overall and i got 36000$ but when i asking withdraw and told to them don’t do any trades but they are neglect my words and do trades and my total money loss, it’s a fraud company, names are prashant Trivedi, Swetha Sharma, Shreya Deshmukh, Anshuman Singh they were talked to me. Please guys don’t deposit money and safe yourself, if you want to trade choose only Indian website, koi tho kuch karo yaar is company ko bund karvao,

  64. Thesame number has been calling me,she said her name is Vivian Smith… she has been pressurising me to pay for a week now

  65. Na waoooo, am just about searching for $250 to deposit but thank you all for this write up.
    The number that normally calls me, if I want to check for it on Truecaller, it will show SPAM on record.

  66. Lexatrade is a fraud and forgery company and I also deposit 250$ don’t do any trade all are fuckers

  67. Already I made an complaint with commissioner office for the lost of rs 18250 lexatrade were totally fraud and fucking company pls don’t invest your sweat of money there.fraud fraud totally fraud,alret

    1. Is there any progress for ur complain?

  68. This is really a fraud company and I petty the person hired who are cheating people by manipulating with wrong assurance.
    They force to deposit by calling very frequently, once a good some is deposited, will open a deal and make the account negative…

    It’s our mistake too to get fallen into these fraud traps…

    I had three fraud account managers…all indian name Surya, Digvijay Agarwal, Nischay Dahiya..(playing with hard-earned money… you guys should do a begging profession for your livelywood

    I am approaching the cybercrime to complain to understand this fraud…

  69. Lexatrade.com is a fraud company. Never ever deal with them. They will eat your hard earned money. Make everyone aware of this. They used VOIP call and Skype. It is difficult to trace them.

  70. It was good I came to this site and saw the comments. I came across LexaTrade from a scam article which claimed that Azim Premji had advised people to invest through some auto-trading programme called “Bitcoin Loophole”. They falsely claimed that the Indian Express had interviewed Azim Premji where he had made this statement. However, I realized later that it was fake and they falsely claimed that Indian Express had done an interview. As you can see, The Indian Express header has an “E” missing in Express, something which the real news outlet would never do!!

    So, there is absolutely no doubt that LexaTrade is a fraud company, which entraps gullible people into making deposits, which are never returned. The comments at this site prove it beyond doubt. Thank goodness, I came across this site and was made aware of the danger. Stay well away from it.

    1. Almost similar to what I encountered. Guess they kinda read your IP address to better choose what sorta “news captions” for you. I’m Nigerian and I read it on the ad that popped up on my screen that Elion Musk has invested $400M into Bit Code to abetter the lifestyles of the peeps. So, I clicked the “bit code” thing and found my self staring at their most captivating testimonials. They’re bastards!

  71. Can anyone from India passon the number who has dubped by Lexatrade.com, so that I can talk as all comments are without phone numbers and email. I just registered today and I got more than 10 calls to deposit 250$ . Just wondering why anyone call so much?

  72. Your sixth sense worked but mine was sleeping and lost my 70K INR investment from my Hard earned money.

  73. Wow! You just saved my life literally! Mighta deposited with them cause the ad that referred me to their web was almost irresistibly enticing (smth bout bit code). Lucky I always check for scam reviews before diving into internet monetary activities.

  74. It is a total FRAUD. Their modus operandi is to lure investors through lucrative offers through advertisements. Then they fool the people in the name of verification of documents so that everything appears to be genuine. They are operating through fraudsters and have sim cards of various countries. The trading is through a dummy software that looks to be genuine. They have a fake address of some non existant place in the world. They further trick people to invest huge amounts in the na.me of VIP CLIENTS. They just gobble up all the money by tricking and fraud. BEWARE.

  75. Thank you all. I followed a facebook ad where Aziz Premji was recommending people became rich by $1300 every day by trading on bitcoin using bitcoin loophole. I followed the link and ended up creating a login in lexatrade despite Bitdefender, my security software advising me against this site. Within 30 mins I get call from a local dumbo trying to scam me. Thankfully I ve seen this site and all your posts of bad experience with this fraudster.

  76. They called me like 5-6 times from a guy name rohit battacharya after that I answer their call and told them that I don’t want to trade and want to unregistered it since I change my mind and also don’t earn enough money and then he start threatening me like if you don’t deposit 250 dollar and start trading they’ll fine me of 50 dollar..

  77. Ohh… Feeling scammed. Just transferred 250 dollars now. Why didn’t I researched before this…

    Actually what they tell makes you loose your senses. Greed and easy money never can be good… Please help to recover the money…

  78. plz help me 250$ lost

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