FX Lucid (Fxlucid.com) is another rotten CFDs and Forex scam platform to hit the lucrative trading world. FXLucid is claiming to have an excellent trading platform as well as a guaranteed 92% profit returns. With such a high guarantee, most investors have signed up without having a second thought. Such high claims have led to most investors losing their deposits. Read this detailed and honest FX LUCID Review for more.
Want to increase your chances of making profits at a reasonable margin? Best you go for affordable and reliable tools to help match your expectations. Smart investors go for accountable and effective Forex trading robots. You need to have industry leading and vetted Forex tools by your side. A working Forex robot will ensure your safety and meet your trading target. What are you waiting for?
After receiving an email from one of the members, we simply had to investigate this platform. Andreas deposited $16,000 hoping to make the guaranteed 92% profit. After he deposited the amount, he was called by a broker and they insisted he deposit more. What the broker claimed is they would help increase the profit margin by nearly 100%. Andreas was not convinced and after a while, he decided to withdraw his funds. With his funds still reflecting on his account, it has been now six months without seeing a penny.
Scam artists are cloning website in the hopes of luring unsuspecting investors into signing up. With such a fuss, these scam artists will target investors mainly from the European region. Such high profit margins, it is likely that more victims will fall for their rhetoric. The trading industry does not need such platforms which will scare and steal from investors. Read this dossier and get to know the tricks used by scam artists.
Smartex Investment Ltd is the company which is listed as the owner of this platform. Disclaimer at the footer of the homepage shows the company to be registered in St. Vincent and the Grenadines. This is a hub for would be scam brokers who hide thanks to lack of strict regulations. Anonymity is also a disturbing feature with this platform as we don’t know who is in charge. Is it possible users are depositing funds to a personal or private bank account? Highly possible scam artists are laughing all the way to the bank.
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.
Who is in charge of the platform or CEO of the above company? Company register does not have any name with the above named company. Clearly FX Lucid is operating under the impression they are an internationally recognized company. No one knows the founding members of this website. If we had names of these brokers, making contact would have been easy.
How can a platform whose registration detail is sketchy be licensed by proper authorities. We reached out to international regulation bodies to check with their license status. FX Lucid is not licensed or regulated by ASIC, CONSOB, CySEC, FCA, NFA, or SEC. With this concrete proof, it is clear FX Lucid is operating under false pretense.
If indeed this platform was properly licensed and registered, where are their documents to prove so? A true and legit platform will post copies of their license credentials for all to see. Without a valid trading license, anything these scam artists sell is illegal. Investors are walking straight to a trap once they sign up and deposit with FXLUCID. To remain safe, you need to check with regulatory bodies whether a broker is complaint. Scam artists will post random numbers to fool newbie investors and traders.
Experts who are reliable and have a strong reputation are what you need. Start making the right decision and use credible and dependable brokers at all times. You need to start investing with professionals who have an understanding of the Forex world. Stay safe and see your profits rise thanks to having trusted and vetted brokers. Your chance to make the right move starts with signing up with convenient brokers. What are you waiting for? It is time to jump into the safe Forex world trading wagon.
We could not come up with any advantage of dealing with a rogue platform. Offshore brokers are notorious for flaunting set industry rules making them untrustworthy. With other members coming out with scathing comments, stay away from this platform. FX Lucid is another online trading platform scam which is targeting newbie investors. What you need is to ignore all their promotional materials including video tutorials. Promotional materials are fake and hold no meaning.
FX Lucid is furnishing users with a single account type called VIP. What we do know is no information has been given regarding the features of their account. No one knows the minimum acceptable deposit or the features of this platform. Andreas deposited $16,000 while another investors had deposited $4,500. What is the actual minimum deposit with this platform? With a 92% guarantee profit, investors might deposit any amount they have. Don’t you see this is a trick to capture any and all investors?
Another huge problem with FX Lucid is their custom made platform which has not been tested. No one knows the stability of their platform or how well it executes trade. What we do know is their platform lacks proper security features such as DDoS Protection. Hackers can easily take over the platform and steal credit card information.
Claims which are unfounded are plastered all over their website to fool unsuspecting investors. FX Lucid is claiming to have over 18, 289 traders on the platform. Another disturbing claim is they have paid out over $9M to members of this platform. If this claim was true, no negative comments would be floating throughout the web. Such claims are what drive unsuspecting investors to sign up not knowing it is a trap. Best you stay away from such platforms with over the moon claims.
Another shocking feature lacking with FXLucid is a demo account. A demo account gives users a chance to test how well a platform works. Without a demo account, users will have to trust the real account. A huge problem with this move is they will be trading blindly not knowing what to expect. Demo accounts give users a feel of the platform and also how well it executes trades. No demo account means traders will have to trade without knowing the conditions. Stay away from this illicit platform.
How can funds be safe with a platform whose credibility is in question? Segregation of accounts is another huge problem which we must expose. FX Lucid is merging assets in one account which is not recommended. It is why you must stay away since investors are depositing straight to owner’s bank account. You need to start becoming more aware of the scams trolling around the web.
Without a shadow of doubt, FX Lucid is a scam. Avoid this platform with everything you have.
We will be adding this broker to our scam blacklist to safeguard our readers. By exposing these scam artists, we will be making the trading arena safe.
You can also use Crypto Currency trading robots and start making a decent profit margin. Effective and efficient Crypto Currency trading robots is what you need. Make the informed decision and start using credible and transparent Crypto trading tools.
Wishing all investors a happy and prosperous 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