Lexatrade Nigeria Review 2022

We have no plans to seek angel investment from Peter Jones. We only require a 2% commission on profits earned through our platform. This amount is used to pay our team of engineers and quants. You can download the fee policy document on Bitcoin Loophole website.

lexatrade reviews

Often you have to visit and read many broker websites all of which have different uses of language. Choosing an online broker like LexaTrade can be difficult. In our review of LexaTrade we breakdown the pros and cons.

Are Funds Safe with Lexatrade ?

We observed that the information needed to open a Bitcoin Loophole account is very little. We only provided a username, password, email, and phone number. The information was verified and we could proceed to make a deposit.

lexatrade reviews

Later that year, a person or group under the pseudonym Satoshi Nakamoto released the Bitcoin Loophole that detailed how peer-to-peer digital currency would work. Fill out your registration details on the sign-up section on the Bitcoin Loophole homepage. The details required are your name, country, email and mobile phone number. You will be notified via email when your sign-up request is successful. Please note that opening an account with the Bitcoin Loophole is free of charge and there are no hidden costs. Your investment may not qualify for investor protection in the country or state where you reside, so please do your own research.

Of course, the broker has options for downloadable terminals, web platforms, and mobile apps. Lexatrade has five different account types covering budget and high-end options. The broker uses a tiered account progression where each type requires you to reach a specific threshold. The cheapest option is $250 while the most expensive is $100,000. As such, our Lexatrade review isn’t off to the greatest start. The broker’s offer does actually seem decent enough, but the presentation isn’t up to par.

You are solely liable for assessing each information you receive from Finance Brokerage, and you will be solely responsible of how you utilize the information provided. The default proprietary platform is good enough, with an intuitive interface and a solid set of analytical features. As such, we can’t hold the deposit requirement for MT4 against the broker too much.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Reports of bogus law firms, or non-existent investor compensation funds, are on the rise, claiming to help people scammed get their money back. Although the site coopts cryptocurrency in the payment choices.

Bitcoin was the first digital currency to be introduced to the world and this happened over a decade ago. While Bitcoin was the first to go live, there were previous attempts to launch digital currencies in the past. There is no limit to the trade transactions you make, you can bid or trade as many trades you want within a day.

LexaTrade Trading Accounts Offered

All early signs show that LexaTrade is not a scam but keep in mind this is a very new CFD broker. This is not the case with LexaTrade and thus far we consider this CFD broker a reliable partner for your trading needs. What looks suspicious is the passive income that the broker is offering for higher accounts. If LexaTrade is supposed to trade on your behalf and make you money, it is something we have never seen with a legit broker. Another problem is the deposit bonuses that the broker is offering.

The time leap feature enables Bitcoin Loophole to stay ahead of the markets by 0.01 seconds. It therefore seeks to profit from price changes that it is aware of beforehand. Bitcoin Loophole software has its inbuilt strategy tester that allows traders to perform fbs partner program both back tests and forward tests on their preferred strategies. After customizing their trade preferences, Bitcoin Loophole traders can optimize their strategies using the Strategy Tester. The Bitcoin Loophole app is safe, reliable, and trustworthy.

Haven’t had withdrawal yet but based on observation, brokers are skilled and easy to deal with. Even for the higher accounts, the spreads are wider than those from other brokerages that require similar price points. As we said earlier in our Lexatrade review, it offers a competitive trading experience, but it gets overshadowed by better companies. This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those.

Security of funds is a huge problem with offshore brokers. A red flag that we noticed is Lexatrade is withholding vital information to users. Bitcoin Era has been leading the industry thanks to its impressive accuracy rate and its high-end security measures. It is a 100% legit platform and continues to earn our traders thousands of dollars each day. The availability of a demo account allows you to test different trading strategies using virtual funds.

Also, if clients don’t have a significant trading volume yet, the company intends to charge a commission of 5%. We’re not sure what LexaTrade broker means by saying “a free trial account with profit”. Clicking on the link to discover more takes us to a sign up page where the broker requires us to create a trading account. It should be made clear that Lexa Trade does not hold an individual broker license. Bonus amounts are great when it comes to enhancing your capital, but for best experience, it should be used with caution. Minimum withdrawal amount and processing time is not clearly mentioned.

Now let us continue our Lexatrade Review and maybe, we’ll be able to entice you with this wonderful broker even more. LexaTrade has a fast and hassle-free account opening process, with quick verification. ; and with the addition of MT5, traders may see the asset offering grow. Before deciding to trade Contracts for Difference , you should carefully consider your trading objectives, level of experience, and risk appetite. Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

After depositing your investment you can join live trading sessions. The intelligent trading bots are responsible for conducting research, understanding current market trends, market analysis, and seeking profitable trading opportunities. You can set your trading preferences and opt for either auto or manual trading. If you are a crypto trading enthusiast, you might have seen many promotional posts dowmarkets about the trading softwares that promise to make you quick rich. The Bitcoin Loophole software has a demo option which investors can use to test and tweak their strategies before letting the software run in the live market. No matter your investing knowledge or experience, Bitcoin Loophole ensures that you can easily earn massive profits out of the lucrative and exciting cryptocurrency market.

Judging by the reviews, some users make hundreds of thousands of dollars using Bitcoin Loophole. In our small test, Bitcoin Loophole performed better than we could do manually, but a larger test is needed to determine the true success rate. If you want to actively trade you can use the manual mode. We concluded that Bitcoin Loophole is one of the best auto trading systems that we have used so far.

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. LexaTrade says to use bank wire, credit /debit cards, Skrill, Neteller and OrangePay. However, as per its requirement, traders can only withdraw at least $50.

So, if you wish to fund your wallet or withdraw funds, you will have to use any of the following media. Satoshi Nakamoto, the person or group behind Bitcoin , mined the first Bitcoin block, called the Genesis Block in January 2009. The next major event was in 2010 when Laszlo Hanyecz bought two pizzas using BTC. That was the first time BTC was used to pay for actual goods in the real world. To get more information about this software’s reliability and authenticity, kindly visit the Bitcoin Era Scam page.

Forex traders get layered cross-referencing from jurisdictions in the United Kingdom, United States, and Australia, which operate under the FSA . Lexatrade could go bankrupt from one day to another since there are no banking information about this broker. The Bitcoin Era team developed this powerful app to mirror the performance of another popular software called Bitcoin Trader.

This platform offers a lot of video tutorials and ebooks to keep their clients engaged. The content itself is good and for anyone that is just starting out, it will be a must watch type of material. Just like every other broker, to unlock more sophisticated functionalities and features, clients have to opt for more expensive account types. The asset class is huge and regardless of the type you choose, it won’t be a herculean task to maintain a diversified portfolio as long as the risk management is present. Trading costs vary a lot and it depends upon the account type as well. There are 5 account types and the capital amount required to get started with them ranges from $250 on the lower end to $100,000 on the upper side.

Who stole your money in Forex trading?

To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag heroku mqtt since you don’t know who will be dealing with YOUR MONEY. This is the reason why your funds are not safe with Lexatrade. The Bitcoin Era is the most respected trading app in the crypto market.

Could Mehracki MKI Stand Out In The Crypto Market Like Cardano ADA and TRON TRX?

Their marketing materials suggest that Lexa Trade broker is owned by a firm called SwissOne Group Ltd, which is incorporated in the St. Vincent and Grenadines. At the end of the day, of course there might be some risk present due to their legal stance. Nonetheless, it is not something that can be categorised as a complete deal breaker.

Customer Service at Lexatrade

Deposit bonuses are illegal in major jurisdictions like the EU because they push people to trade irresponsibly. Lexatrade is a broker that claims to be based in Saint Vincent and the Grenadines, which is an exotic location where proper financial regulation is non-existent. Has anyone tried to trade with a broker through Lexatrade? Experience has taught us that all is not lost, that brokers are not always scammers, and that a gentle approach can bring more benefits than a threatening one. If you can, preferably use credit cards to make your investments, as the bank can activate a chargebackprocedure, a process which allows to reverse a payment.


Bitcoin Era is a powerful platform made out of secret trading strategies developed by professional traders. Our software has generated impressive trades for investors using advanced trading systems. Bitcoin Era algorithms and trading strategies are applied in the fast-paced trading markets to help investors improve their trades. To trade the volatility in cryptocurrencies, you need a trading platform that is fast and effective.

Raw spread accounts charge a commission fee, even though the spreads are lower, while the standard account doesn’t charge commission fees but the spreads are higher. Lexatrade charges both commission fees and trading fees depending on the account chosen by the trader. We recommend you to use the function of notifications as another advantage of the Lexatrade trading platform.

Apply to join the Bitcoin Loophole community and become a lifetime member. Just sign up and wait for approval to join the community. If approved, you will receive the Bitcoin Loophole software to use for free for as long as you desire. Bitcoin Loophole members can trade Bitcoin and multiple other crypto coins and tokens such as Ethereum, Litecoin, Ripple, Monero, Bitcoin Cash and Dash. You can also trade fiat currencies such as the US dollar, the euro and more. In mid-2008, with the world in the middle of a financial crisis, the domain bitcoin.org was registered.

Bitcoin Era uses the most advanced programming ever seen in the trading world, allowing it to have a time leap of 0.01 seconds. With such an advantage in market analysis, Bitcoin Era generates consistent profits for investors. It doesn’t ask for a registration fee nor deduct any commission from your earnings. There are no hidden charges or service fees applied upon withdrawals as well. Bitcoin Loophole offers a unique demo trading feature that is introduced for newbies and traders who don’t want to risk their real money initially. This helps the users to understand the dynamics of the platform and learn about trading under real-world conditions.

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