LexaTrade Review: Avoid This Scam Forex Broker

LexaTrade is ambiguous about how deposits and withdrawals work, and we can only get come basic information in the refund policy page. The asset access is limited, your withdrawal requests are low priority, and the spreads are extremely high. As you progress through the accounts, the bonus we mentioned earlier in our Lexatrade review grows.

How To Do Your Personal Research Dyor On Cryptocurrencies

Many scams are onerous to identify, especially if the scammers are experienced. Online criminals use hype and worry of missing out (FOMO) to their benefit. They create a sense of urgency — a fleeting opportunity — and a now-or-never situation. Unaware of the danger, the newcomer to the trade will get drawn into the hype.