LCM FX (Lcm-fx.com) is a cruel Crypto and Forex brokers who is openly defrauding investors who sign up. LCMFX is another brutal broker who is using the Forex platform to simply enrich themselves. Make sure to stay away from these brokers as we will reveal their dirty little secrets. After receiving numerous email complaints and reading negative reviews, we had to investigate. Know more in this detailed LCM FX Review.
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What we found out regarding this broker is shocking to say the least. Dealing with LCM FX is going to defraud investors of every penny deposited. What is LCM FX doing to entice investors to sign up with their crappy brokerage site? By using empty claims and promises, users are enticed into believing they can achieve financial freedom. Is this the case with LCM FX? Sadly, anyone who signs up with this broker is in for a rude surprise. Stay away from brokers who share the same similarities as LCM FX.
What these scam artists have done is create a visually compelling website which looks real. By cloning a trading website, newbie traders easily sign up with this broker. Make sure to stay away from this broker as they are simply a hoax. Before signing up with any online platform, always ask yourself a few questions. Is this platform real or recognized by the trading community? Reading reviews also helps to know what to expect with a certain broker. Simply stay away from LCMFX.
According to disclaimer posted at the footer of their homepage, Lucror Capital Markets claims to be the owner. What this company claims is not true, being located in New Zealand is false. Scam artists will do or say anything to try and make their platform appear real. After checking with the registrar of companies in New Zealand, NO results popped up. Make sure to check whether a broker is properly registered as they claim. As it turns out, LCM FX is another fake website, stay away.
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Who are the founding members of this platform? Can we get names of actual people running this website? Why can’t we get any information regarding people who are operating this website? Stay away from this brokerage site as they are in the business of coning people. Whoever signs up with this broker will trust an unknown third party with their funds. Simply don’t make this mistake as others have.
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What seems to be a promising website is nothing but a scam outfit without any proper authorization. LCM FX is not licensed to offer any Forex trading services anywhere on the world. In order to ascertain this claim, we had to contact some of the leading regulatory bodies. We contacted ASIC, CySEC, FCA, and NFA in attempt to confirm their licensing details. All these regulatory bodies have never heard of this brokerage firm. Simply stay away from this platform.
Whoever signs up with LCM FX should know they are dealing with a rogue broker. Stay away from this platform as they are simply a hoax. Dealing with LCM FX will lead to more misery and no one should sign up. Why have they failed to post any details regarding their licensing details? As it turns out, this broker will not be getting any five stars from us. Stay away from any broker with such damning details. Why don’t they post any details concerning their licensing on their website?
To be a successful trader, you need proven and reliable brokers by your side. Make sure to go for brokers who have been tested and trusted by the trading community. Sign up with brokers who are formidable and produce realistic profit margins. Become the next successful broker by signing up with credible and dependable brokers at all times. What are you waiting for? Sign up today!
By rigging their demo account, users get insane profit margins which are not real. Remember a demo account uses virtual money which is not real. Traders will sign up and place trades which are over 95% successful. And this is a well laid plan to entice users to believe LCMFX will create these winning margins. To be brutally honest, no expert broker or trading tool can achieve this success level.
Who would a broker use a rigged demo account? They are simply luring users to believe they can make these profit levels. When investors try out the demo account and get these high profit levels, guess what happens next? They will later open a real account hoping to mirror results seen on the demo account. Never believe a demo account which makes insane profit margins, its probably rigged. Stay away from their demo account.
LCM FX is offering two types of accounts to choose from. Accounts are named STP Trade and Pro Trade accounts. There’s no real advantage of trading with either of these accounts. Why would a broker offer two different accounts with same trading advantages? Only notable difference is their minimum acceptable deposit. They ask for $100 and $500 for each account type as depository requirement.
Another disturbing issue we found is with their platform, they have an unstable MT4 platform. In order to test how well their platform works, we tried their demo account. Platform is not well secure and lacks proper SSL Encryption. We also noted their website lacks proper security features such as protection from DDoS attacks. Whoever signs up should expect multiple attacks from third parties. Hackers will try and steal credit card information by attacking their MT4 trading platform.
How can funds be safe from a broker who lacks proper security measures? Funds will never be safe from a broker who fails to follow strict industry guidelines. Did you know users are depositing funds straight to owner’s personal bank account? Simply stay away from a broker who does not participate in a compensation scheme. LCMFX is not insuring funds deposited by members as stipulated by law.
Evidence clearly shows we are dealing with a professional scam outfit. LCMFX is a scam which must be exposed in order to protect online investors. Sign up with LCMFX at your own peril; don’t say you were never warned.
In order to fully protect our readers, adding this broker to our scam blacklist will aid in doing so. Stay away from brokers who have been stealing funds and refusing withdrawal.
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Wishing you a successful trading experience.
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