LotsFX (Lotsfx.com) is another awful Forex broker scam platform ripping off anyone who signs up. Lots FX is a crude broker who will do or say anything to entice investors to sign up. With most members already crying foul after opening an account with this broker, something is wrong. Why are members complaining in regards to issues such as withdrawal? Read this detailed and honest LOTSFX review for more info.
A great way of making a decent profit margin is by using approved and credible Forex trading robots. Why not use industry backed and expert recommended Forex trading tools? These are tools which have been tested by Forex pros. A proven way to make money with Forex trading is by using dependable and transparent Forex trading tools. Time to make money is now with cohesive and professional trading tools. What are you waiting for? Sign up with a proven Forex robot today.
After receiving numerous email complaints from members, it was clear trouble was brewing. Why is LotsFX becoming such a headache to anyone who signs up? Read this detailed review as we will expose the loopholes and tricks used by online scam artists. Lots FX is another brutal online investment trap which must be exposed. These are professional scam artists who will do anything to get investors to sign up. What are some of the tricks used by these scam artists to lure investors?
What these scam artists are doing to investors who sign up is harsh to say the least. These scam artists are openly stealing from members of the public. To find out the depth in which these scam artists have gone, you need to know how much is stolen. Francesco invested over $75,000 with this broker and has never been able to withdraw funds. These scam artists have blocked his accounts and are not picking his calls. And this is why we have to expose these scam artists for their vile activities.
They claim to be the world’s fastest growing CFDs and Forex provider. Euro Investment House Ltd claims to be the mother company of this broker. They go ahead and post fake details at the bottom of their homepage. What they claim is absurd, first they falsify their location by claiming to be based in the UK. Secondly, they add salt to injury by claiming to be based in South Africa. These scam artists are targeting investors from these two countries. Most complaints have been from citizens of these countries.
NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout In First Few Hours After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase.
Scam artists will do or say anything to make their products appear to be true. A huge problem with LotsFX is anonymity. Their entire website does not give any names of people who are running this website. Who are the founding members of this brokerage firm? Anonymity is a dangerous partner to associate with. Any online investment platform with such a huge anonymity should be ignored. Thanks to our years of trading experience, we know how to spot scams from a mile away.
According to the disclaimer at the footer of the homepage, they claim to be licensed. Upon further investigation, we uncovered some shocking details. Both the institutions mandated to license this broker in the two mentioned countries have never licensed Lots FX. We are dealing with an unlicensed entity which makes recovering funds all the more impossible. A closer look reveals LotsFX has been blacklisted by the FSCA.
Numbers posted on their disclaimer are all random and don’t represent a license or registration number. These are some of the reasons why we are exposing these scam artists. Now you know the extent to which scam artists will go to feign legitimacy. A real broker must be recognized by ASIC, COSNOB. CySEC, FCA, FSA, FSCA, NFA, and SEC. Make sure you sign up with brokers who are duly and properly licensed.
Trading with distinguished and notable brokers is one way of ensuring you earn real profits. Transparent brokers are usually given the green light by trading experts. Having a reliable partner by your side will ensure you trade safely at all times. Here’s your chance to become a successful online investor.
To be honest, we could not find any advantage with this broker. Only notable and mentionable attribute is having a live chat support. Although they respond quickly, they are a part of the scam. Stay away from such scam products as they are potentially financial suicide.
LotsFX is furnishing users with five different account types to choose from. These accounts are named Bronze, Silver, Gold, Platinum, and VIP. We have a problem with the welcome bonus issued by this broker. Why issue a bonus and later ask for it? These bonuses are traps which ensure users deposit more funds. Don’t open an account with these scam artists.
These scam artists have ensured users deposit funds easily and quickly. They have made depository channels available to anyone on the globe. Depository channels include American Express, Bank transfer, Maestro, MasterCard, Neteller, PayPal, and Skrill. A huge problem with LotsFX is withdrawing funds. And this is what makes investors like Francesco have a rough time withdrawing their funds.
A real broker will post actual images of the awards and not use badges. These scam artists thought they would run away with posting award badges on their website. A look at some award ceremonies in the past three years shows no recognition of these scam artists. As we said earlier, scam artists will do or say anything to dupe unsuspecting online investors.
Why can’t they indicate the type of platform users will be using? Is it a web based platform? These are simply scam artists who fail to mention the types of spreads offered. Is their platform well secure? Do they have proper SSL Encryption to protect users from third party attacks? We highly doubt it as their website lacks even the most basic of security features. Hackers can easily take over this website during transactions and steal credit card data. You will lose your funds as hackers will sweep your bank account clean.
Just as we have clearly shown with security flaws, funds are not safe. LotsFX is openly putting your funds at risk without offering any protection. A real broker should have DDoS Encryption to safeguard their client’s interest. It is highly likely members are depositing funds straight to owner’s bank account
Another unsettling issue is in regards to segregation of accounts. LotsFX is merging assets in one account which is extremely risky. Pooling funds in a single account could prove disastrous especially if creditors are involved. Putting your eggs in one basket is what makes this platform a risk. They can decide to close shop at any given time and issue no notice. It will leave investors without a proper compensation plan. Stay away from such brokers who don’t safeguard funds.
Evidence clearly points out we are dealing with a shoddy platform. LotsFX is a scam which must be avoided at all costs. Joining any of their affiliate programs is helping them to steal more funds.
Adding this broker to our scam blacklist will protect our readers from signing up with these scam artists. Stay away from these scam platform and warn your family and friends.
Why not use illustrious and prominent Crypto Currency trading tools? Get ahead of the pack and trade with Crypto Currency market. Use authentic and professional Crypto Currency trading tools for a successful trading experience.
Wishing you all the best in your trading experience.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More