Brokers  /  LexaTrade

LexaTrade

Severe risk
🇻🇨 Saint Vincent and the Grenadines · 5-10 years · since 2020-10-19 · Swissone Group Ltd
Unregulated
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85
Severe risk
Scam Risk Scoremonitored · 2026-07-06
Lower riskHigher risk
  • No verified regulatory license on file
  • Listed as “Fake Broker” in industry watchdog records
  • Identified as a clone / impersonator firm
  • Registered in Saint Vincent and the Grenadines (offshore, light oversight)
  • 5 user exposure/complaint reports filed
  • Withdrawal complaints in ~83% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing9735%
Company age2215%
Clone / impersonation10012%
Withdrawal & exposure complaints9012%
Offshore registration808%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameSwissone Group Ltd
Headquarters🇻🇨 Saint Vincent and the Grenadines
Founded2020-10-19
Years operating5-10 years
Employees0
Official websitelexatrade.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
Beachmont Business Centre, Suite 39, Kingstown, St. Vincent and the Grenadines

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 5

AccountMax leverageMin. depositMin. spreadCommissionEA
VIP--from $100 000----
PLATINUM--from $50 000----
GOLD--from $10 000----
SILVER--from $3000----
START--from $250----

Review analysis AI

Across 6 recent Trustpilot reviews, 83% are 1–2 star. The single most common complaint is being unable to withdraw funds (5 reports) — the classic warning sign in forex.

0
Period:
What users complain about
Where reviewers are from
Nigeria4
Argentina1
United States1

Real user reviews

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About LexaTrade

LexaTrade is a forex and CFD broker based in Saint Vincent and the Grenadines, with records dating to 2020-10-19. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

Overview compiled by FXCanary from regulatory records and public data. full LexaTrade review