BlueLexus (BlueLexus.com) is a cryptocurrency CFD broker who offers more than 40 pairs to trade on their platform which makes them one of the few rare broker to do so. From their inception many people have reached out to us to do a full scale investigation on them as they are both new and unregulated.
This service just like any other has its own merits and demerits. To know everything there is regarding this broker, read our impartial review to find out whether this broker fits your need or not.
Disclosure: We get commissions for purchases made through links in this post.
Company and Contact Details
In the past there has been many incidents wherein a lot of people lost a part of their deposit or all of it due to the malpractices like stop hunting, wide spread marked intentionally by unregulated brokers and exchanges. So it is important for every trader to find themselves a reliable and regulated broker we are in no way saying that all the unregulated organisation are scams but we are stressing on the point that it is better to be safe then sorry.
By choosing regulated entities the traders can hold the accountable if something out of the blue happens. BlueLexus is an unregulated broker owned and operated by H I Capital Group. For more queries or problems regarding this brokerage, feel free to contact them through the following methods.
Address – 1323 Sofia 28 Jawharlal Nehru Blud, Silver Business Center, office 24
Phone – +44 2038681866
Account Types and Platform
This platform is a web based and runs smoothly on any modern device with an active internet connection. Their interface is intuitive and user friendly. 5 account types are offered by this broker are as follows. Note that for more personalized attention and add on services the traders have to put forth more capital which in return unlocks all the features.
Welcome Bonus – 20%
Min. Deposit – $250
Welcome Bonus – 40%
Min. Deposit – $1,000
Welcome Bonus – 60%
Min. Deposit – $2,500
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Welcome Bonus – 80%
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Min. Deposit – $10,000
Welcome Bonus – 100%
Min. Deposit – $25,000
Asset Index and Leverage
There are more than 40 crypto pairs available to trade on this platform. All the listed pairs have enough volatility and liquidity to take advantage of and earn consistent stream of profit from them only if an individual has a systematized trading approach.
The amount of leverage offered by this broker is 1:200 across all the account types. Be careful because the leverage amount is on the higher side while it might help you make quick money it has the potential to wipe out your entire account in minutes.
From the information we gathered from whois.com and Alexa.com we come to know a few important details. This domain was registered on 16/05/2018 and it expires on 16/05/2020. We weren’t exactly able to pinpoint details regarding the regions this service is targeting but know that this website has a global rank of 5,076,872.
The minimum deposit amount is $250 and the minimum withdrawal is $100. Payment methods accepted by this firm are VISA, Master Card, Wire Transfer, Neteller, Skrill, WebMoney, Qiwi wallet, Yadex Money and Astropay.
There are fees imposed on withdrawals which varies from 4% to 5% and it depends on the withdrawal method. The exact time required for processing withdrawals is not specified.
Is BlueLexus Scam or Legit ?
There isn’t enough data to draw a firm conclusion on them just yet. However here are a few drawbacks which might make you a little concerned about choosing them. First of all they do not feature a demo account which means that for all the newbies out there who are trying this platform for solely the number of crypto pairs available will be disappointed as they can’t try out few strategies without risking any money.
The other main reason why it is very disturbing to choose this broker is because of the negative comments floating in many forums about them. Comments may or may not be from real users but as of now we give this brokerage the benefit of doubt.
BlueLexus Review Conclusion
BlueLexus is an unlicensed brokerage which has a rough history. There is a couple of factors you need to prioritize before proceeding with them. They do not support MT4 or MT5 platform which is popular among retail traders. The charting platform available with this broker is powered by TradingView which you may or may not like it but that is a question of preference. If you are okay with the above mentioned factors and are focusing only on cryptocurrency market then this might be worth the hassle but we strongly recommend you to test them out with a small deposit first.