LVMexchange (Lvmexchange.com) is another CFDs and Forex scam targeting unsuspecting online investors. LVM Exchange is claiming to offer faultless execution of STP and mobile trading option. What these scam artists fail to mention is the real reason behind this scandalous website. With scammers perfecting the use of cloned websites, investors need to worry. What is wrong with associating with this platform? Read this detailed LVMEXCHANGE Review and get the truth.
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After receiving numerous email complaints from members, we knew trouble was brewing. We decided to conduct a thorough investigation and find out what’s ticking with this platform. What we found out is shocking beyond words. It turns out these scam artists have found new ways of defrauding online investors. Thanks to our years of investing and trading, we know how to spot a scam from a mile away. With facts by our side, we will expose this rotten platform for what it really is.
What you need to know is scam artists will do or say anything to get into your pockets. It is what LVMexchange is doing with their sleazy platform. What you need to do is read this entire review and find out the disgraceful acts of these scam artists. Scam artists will clone trading websites and use video tutorials just to entice users. If you get any video tutorials from these scam artists, make sure to ignore them. What you need to do is stay away from any of their affiliate programs as well.
Disclaimer at the footer of the homepage shows LVM Ltd to be behind this company. Information further shows the company is based in St. Vincent and the Grenadines. With this information on their website, it is proof we are dealing with an offshore brokers. St. Vincent and the Grenadines has become a major scam go to location. Trading with brokers associated with this region ends up in disarray. We suggest you stay away from any offshore brokers and their platforms.
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Another disturbing red flag which we must raise concerns the use of anonymity. Scam artists thrive under anonymity as it guarantees protection from authorities. No one knows the actual owners of this platform. Who is the CEO or CFO of this platform? Can we get the names of brokers associated with this platform? Without actual names being involved, it means we can’t contact these brokers.
How can this platform be licensed or registered when they fail to reveal their actual identity? We did a thorough research using various regulatory bodies to try and confirm their license status. Some of the institutions we contacted include ASIC, CONSOB, CySEC, FCA, NFA, and SEC. None of these bodies has ever licensed or regulated the broker in question. It is proof we are dealing with an unauthorized online investment platform. Funds are never safe with such platforms.
Another shocking revelation relating this platform is lack of license documents. A real platform will post copies of their license details for all to see. Why has this platform failed to follow suite? It is because they know we can easily track down license numbers. Make sure to match license numbers with details on regulator’s results. If results don’t match, then the platform is using fake license and registration details.
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After going through their entire website, we could not find any advantage of dealing with this broker. LVMexchange is another online investment platform which is stealing from investors. Contacting these scam artists has proved futile as calls are not going through. Watch out and ignore all their promotional materials.
From what we have gathered, LVMexchange is furnishing users with two account types. Investors can choose to have Managed account or Gold Account. Managed account dictates investors deposit $5,000 to start trading. Gold account holders must deposit $50,000 to start trading.
Another shocking feature with this platform is having a rigged demo account. With this demo account, users see results which are positive throughout the trial period. Remember demo accounts use virtual money which is not real. Scam artists take advantage of this and rig results to produce over 98% success rates. What they forget is a real account demands real funds.
What we gathered in regards to account funding is one option is used to deposit fund. What we noticed with the bank account number is has the code of a private user. LVMexchange is using a personal bank account to handle funds which are deposited. What’s to stop these scam artists from closing shop today after having their fill? That’s another reason to stay away from this bogus and unlawful online scam platform.
Did we mention users only get called when they are asked to deposit more funds? What seems to be a pattern with scam artists is appearing on this website. . Stay on top of things by ignoring any attempt to sign up and deposit with these scam artists. LVM Exchange is nothing but a shameful online scam platform.
How can funds be safe with a platform which has no online reputation? Funds are not safe with a platform which fails to secure their website. Looking closely at their website, we noticed no DDoS Protection or SSL Encryption. It means hackers can take advantage of this security lapse to steal credit card information. It turns out LVMexchange is pooling funds in one account which is extremely risky.
Evidence clearly shows we are dealing with a shoddy scam platform. Stay away from this platform and warn your family and friends from joining it. From not allowing withdrawals to merging assets in one account, LVMexchange is simply a scam platform. The best decision is to mark their emails as spam and never click on any links sent.
Our recommendation is to stay away from this platform. We will be adding it to our list of online scam platforms to watch out for.
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Wishing all investors a happy and prosperous trading experience.
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