Lamda Brokers (Lamdabrokers.com) is a lubber Crypto Currency and Forex broker scam to hit the lucrative trading world. LamdaBrokers is purporting to offer 20% deposit bonus to users who sign up. Before signing up with this broker, there are some disturbing features which must be exposed. Most members are crying foul after depositing funds with this broker. What is happening with funds? Read this honest LAMDA BROKERS review for more.
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After receiving numerous email complaints from members, we knew something was amiss. Over twenty members would be complaining about a single broker. As it turns out, trouble started brewing when members sent withdrawal request. After sending withdrawal request, their accounts were blocked or closed. Why do investors sign up with sleazy brokers? Most investors don’t conduct a search before signing up with online investment platforms. Reading reviews helps to know what to expect with a certain platform.
These professional scam artists know we all want to make an extra buck or two. And this is why they have decided to create an illusion they can make this happen. By cloning websites, they pretend to be offering Forex trading which is not the case. These are mere scam artists who will do or say anything to make investors deposit funds with them. Before signing up with Lamda Brokers, ensure you go this entire review. Lamda Brokers is another platform stealing from investors who sign up and deposit funds.
They claim Lamda brokers is an award winning broker providing trading services. If this was the case, why is it hard to find any expert broker who has heard about LamdaBrokers? These are some of the empty claims used by scam artists to lure investors to sign up. As we said earlier, scam artists will do or say anything to make their platforms appear legit. Make sure to stay away from this broker as their place or origin is not determined. For all we know, these could be offshore brokers.
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A huge problem we have with this broker is their level of anonymity. Nowhere on their homepage do they mention the founding members of this platform. Who are the actual people running this platform? Can we get the names of the CEO or CFO of this company? As it turns out, this is one of the many red flags we spotted with this broker. Make sure to stay away from this platform or face huge consequences. Whoever signs up with this broker is bound to lose all their deposits to an unknown entity.
According to what we discovered, this broker is operating without a valid license. Lamda Brokers is not licensed or registered by any regulatory institution. To confirm this, we had to reach out to international regulatory bodies. They include ASIC, COSNOB, CySEC, FCA, FSA, and NFA. None of these well-known regulatory bodies has ever issued Lamda Brokers with a trading license. And this is another red flag we have to expose to all investors. Make sure to sign up with platforms regulated by authoritative institutions.
Why have they failed to post details regarding their licensing number? Have you noticed their website lacks a Legal Agreement’s page? A real broker will post copies of their licensing details for all to see. By posting their license credentials, brokers show transparency to investors. How else will investors validate licensing if none has been posted? Lack of these vital documents is proof we are dealing with an illicit broker. Stay away!
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Lamda Brokers is furnishing users with five different account types to choose from. These accounts are named Silver, Gold, Platinum, ECN, and MAMM. One important detail we must mention is how similar their account types are. These accounts have the same advantages such as maximum leverage and spread types. Why would a broker deposit over $3,500 and get same advantages as one who deposits $100? These are scam tactics used to entice and trap all types of investors to sign up.
During the first trades, members will lose their trades and this account manager will call them. Usually, account managers call investors to urging them to deposit more funds. They promise a high return once you deposit more funds. Some members heed their advice and deposit more only to get no more communication from account manager.
Account funding with this broker is easy and quick. . Members are depositing funds using MasterCard, Neteller, Skrill, Visa, among others. What seems to be the main problem is withdrawing funds. No member has been able to withdraw funds using this platform. And this is where we draw the line and ask authorities to investigate. Make sure to stay away from brokers who are refusing to allow withdrawals.
Lamda Brokers is using MT4 trading platform. To try how this platform works, they have placed a demo account. Most members are getting over 100% successful trades with this demo account. Remember demo accounts use virtual money which is not real. Investors are led to believe the actual platform will mirror same results. And this is when investors make the mistake of opening a real account and depositing real funds.
With most members ruing depositing and signing up with this lame scam, funds are not safe. How can funds be safe from a broker who lacks proper licensing credentials? Why have they failed to disclose where they deposit funds? Is it possible users are depositing funds straight to owner’s bank account? It may be the case as no member has been able to recover their funds.
Another unsettling issue is segregation of accounts. Lamda Brokers is pooling funds in one account which is extremely risky. To begin with, their platform lacks proper DDoS and SSL encryption. Don’t expect any compensation from this platform. LamdaBrokers is not insuring funds as dictated by trading laws.
Evidence clearly point Lamda Brokers is a scam. Mark all their emails as Spam and never click on any links sent by this broker. Warn your family and friends from signing up with this broker.
Adding this broker to our scam blacklist will help protect our readers. Make sure to always conduct a thorough investigation before signing up with online platforms.
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Wishing all investors a lucrative and safe trading experience.
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