Cryptocurrency Exchanges

Lexo (Imposter)

1.4 (14 reviews)
🇳🇿 New Zealand
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1.4
14 reviews
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About Lexo (Imposter)

Lexo (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Did my research - this is suspicious

T
Thomas I.
3 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Lexo (Imposter) has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Cons: Flagged by Financial Markets Authority|Cannot verify credentials

All style no substance

N
Nicole C.
3 months ago

Lexo (Imposter) locked my account without warning and demanded documents I had already submitted. since the beginning of the year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Responsive team|Tax reports included

Cons: Slow to add new assets|No fractional shares

They deleted my negative review

V
Victoria W.
3 months ago

I closed a profitable position at Lexo (Imposter) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.

Pros: Reliable uptime|Tax reports included|Demo account available

Cons: Spreads widen during volatile periods|Could offer more webinars

Every interaction was painful

H
Helen G.
4 months ago

I gave Lexo (Imposter) a fair chance. After since I retired last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.

Pros: Social trading features|Economic calendar|Easy withdrawals

Cons: Alert system is basic

Warning to all investors

J
Jennifer L.
5 months ago

I invested $1,000 with Lexo (Imposter) after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.

Cons: No regulatory oversight|Money disappeared|Fake testimonials

Payout delayed for 60 days

A
Amy F.
6 months ago

After for about three months with Lexo (Imposter), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.

Pros: Reliable uptime|Multi-currency support|Customizable dashboard

Cons: Website design could be more modern|Live chat only during business hours

The opposite of what they advertise

L
Leah I.
6 months ago

I found Lexo (Imposter) after reading several online reviews and the initial impression was positive. But since I retired last year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.

Pros: Personal attention|Good analytical tools|Educational resources

Cons: Desktop app not available on Linux|Minimum deposit could be lower

Disgraceful treatment of customers

P
Patrick O.
7 months ago

Lexo (Imposter) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.

Pros: Instant funding|No hidden fees

Cons: Alert system is basic

Commission higher than stated

V
Vanessa H.
7 months ago

I referred a friend to Lexo (Imposter) after comparing multiple platforms. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

Pros: Intuitive for beginners|Fast execution|Personal attention|No hidden fees

Cons: None so far

Wish zero stars was an option

M
Maria E.
8 months ago

The only good thing about Lexo (Imposter) is that they remind you why regulation matters. I found them after a trusted YouTuber reviewed them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.

Pros: Intuitive for beginners|Full transparency

Cons: Limited demo account features|Limited cryptocurrency options