Lex Capital Review Is Lexcapitals.com A Scam Forex Broker

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Lex Capital Review – is it scam or safe?

Trading Accounts and Conditions

Investment plan Min. deposit Return
NOVICE $200 3% after 24 hours
BEGINNERS $500 20% after 4 days
HIRE EXPERT $2000 10% after 65 minutes
REGIONAL REPRESENTATIVE $600 15% daily

Lex Capital presents itself as an investment company that focuses mainly on forex and crypto currency trading. If you are tempted by the skyrocketing weekly/monthly returns Lex Capital promises, be sure to read this review first, as we have major concerns about this broker, which will be highlighted below.

Lex Capital Advantages

Lex Capital Disadvantages

Anonymous service, no financial regulation

Lex Capital claims to be “officially registered in the United Kingdom and on the Tokyo Stock Exchange”, but fails to present any relevant company information. So, potential clients of this broker don’t know which is the entity behind the brand, where are its headquarters, etc.

This means that Lex Capital’s website and services are completely anonymous, and the people operating the brand are not bound by any low, nor are monitored by a government agency. In other words, clients (or victims) of this broker are not protected and have no one to turn to in case they have legitimate complaints.

CNMV warning against it

The lack of legit license also means that the broker doesn’t have the right to offer its services on any regulated financial market. However, as is the case with many other anonymous unregulated brokers, Lex Capital does just that. The broker was blacklisted by the Spanish financial watchdog, the CNMV, as a potential scammer, and that is another major red flag.

Zero clarity on trading conditions, no platform

While Lex Capital has presented a number of different investment plans, it has not specified a lot of essential trading details, such as the maximum leverage provided, the typical spreads, and so on.

Needless to say, it doesn’t offer free testing service either, se we opened a live trading account (without investing any money) in order to be able to at least take a look at some trading platform. Unfortunately, we got access to some user dashboard, which only allows traders to deposit.

This inclines us to suspect that Lex Capital doesn’t support any trading platform whatsoever, only aims at receiving deposits from clients that are unaware of its ill-minded intentions.

As we have mentioned, this broker promises skyrocketing returns, such as 20% after only four days of trading. Yet, Lex Capital provides no description of the trading strategy they apply, nor any historical performance. We even don’t know what platform it uses, and whether it uses any at all.

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A general rule in any form of investment is that greater returns always come with a higher level of risk, and the website of this broker mentions nothing about it. There isn’t even a general risk warning.

Conclusion

Lex Capital is an unregulated anonymous brokerage with a fresh warning from Spain’s CNMV, so most likely we are dealing with just another fraudster here. It promises quick and easy returns, but doesn’t reveal important aspects of its offer, such as the trading platform it uses, if any at all.

To make sure you will not fall victim to scammers such as Lex Capital, you have to follow one simple rule: always choose well-regulated brokers to invest with.

Prestigious financial regulators such as the UK’s FCA or Cyprus’ CySEC require compliance with a number of strict rules that give significant assurance for the safety of clients’ funds. For example, licensed brokers must maintain a certain capital adequacy, to keep clients’ money in segregated accounts, to report transactions, to provide negative balance protection, and to participate in a compensation scheme. The latter means that client’s losses will be covered in the unlikely case the broker goes bankrupt or attempts to scam traders.

Here is a summary of our review on Lex Capital:

Pros Cons
None Anonymous service, no financial regulation
CNMV warning
Zero clarity on trading conditions, no platform
Unrealistic returns
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Lex Capital Review: Is Lexcapitals.com A Scam Forex Broker?

Lexcapitals.com Review: this is the website of a Forex broker that does not give clear location details. Is Lex Capital a legit broker? Forex traders who are on the constant lookout for safe brokers to invest funds with are invited to read this revealing review about the aforementioned broker.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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When we checked Lexcapital.com we only found mention of “the Tokyo Stock Exchange”. Lex Capital does not also claim to be properly licensed or registered in Europe. Since most of the information surrounding its corporate matters is unclear, we can confidently point that we are dealing with an illegitimate company.

Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well. Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of Lex Capital

The company promises to give high interest to clients who invest in it. It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

They also mention data protection, licensed script, and automated system. These may all be good things but their relevance is not clarified on the page.

Lex Capital Trading Platform

The sort of trading platform that clients of Lex Capital would use is not specified. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders seem to include only cryptocurrencies. We find this discouraging because legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Such information as the maximum leverage and spreads are not included in the details revealed on the website. But returns that are dependent on the type of investment a client chooses are mentioned. They include; 3% after 24 hours, 20% after 4 days, 10% after 65 minutes, and 15% daily.

Like we have warned countless times, these sorts of high returns on investments are usually false as the trading market is too volatile for a “65 minutes” profit of 10%.

Deposit and Withdrawal methods on Lex Capital

The means of making deposits and withdrawals with this broker are Perfect Money, Bitcoin, and PAYEER. We do not feel assured by these transaction options because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $200 is required and this is within the obtainable average of $100 to $250 that is common among legit brokers. We could not find out much about the withdrawal conditions applied by this broker.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Lex Capital Licensed?

No. Lex Capital is not a properly licensed and registered broker. There is no mention of any sort of regulation on the page as well.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Blacklisted by the CNMV

The Spanish financial authority (CNMV) has passed a warning to its citizens to avoid investing funds in Lex Capital. It also clarified that the broker is not authorized by the commission.

Support

In order to get in touch with a representative of the broker’s customer care, interested clients are to fill an online message form.

Conclusion

Lex Capital is rated poorly because it is unlicensed and has been blacklisted by a trading commission. Further, trading conditions are not clearly specified and except for the affordable minimum deposit. It does not allow the use of the MetaTrader platforms and promises high returns that are likely false. If you have anything to say about this broker, do so in the comment section.

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Lex Capital Review: Is Lexcapitals.com A Scam Forex Broker?

After doing some research, we found out that a lot of traders are reporting LexCapitals and writting bad reviews about it.
It seems like they are not happy about it and they warn others not to trade with them.

It’s always important to know what other traders are thiking about a broker before using it and we can say that they are not saying good things about LexCapitals.

What do regulators say about LexCapitals ?

This is the most important thing you need to know about a broker before using it. Is LexCapitals regulated ? Is it an offshore company ?

Most brokers are unregulated or regulated by an offshore regulation authority which won’t help you in case of problem. Keep in mind that if a broker steal your funds, you won’t be able to complaint about it unless they are licensed by a serious regulator such as the CySEC (Cyprus Securities and Exchange Commission).

An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.

LexCapitals is an unregulated broker owned by LEX CAPITAL LIMITED and located at House 168 Thornbury Road, Osterley Village, Isleworth, Middlesex, United Kingdom, TW7 4QE.

They can be contacted by email to [email protected]

You should definitely avoid any unregulated or offshore broker and LexCapitals is one of them.

Have you been Scammed by LexCapitals ?

Have you been victim of this company ? Did you lose money with them ? Everyone does mistakes. Don’t worry, you are not alone, and we are here to help you.

Our team of experts is available 24/7 in order to help you recovering your hard-earned money.
After asking you some questions, they will be able to build a chargeback case to fight the broker and get your money back as soon as possible.

Chargeback is the solution

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But what is a Chargeback ?
A Chargeback is the retroactive cancellation and refund of a charge made using your credit card.

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