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Litterman FX Review: Littermanfx.com Bane Forex Scam

Litterman FX Review: Littermanfx.com Bane Forex Scam

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Litterman FX (Littermanfx.com) is another crude CFDs and Forex platform purporting to offer online trading services. LittermanFX is claiming to provide expert advice at your fingertips. They claim to have multi-asset trading opportunities available to help traders earn. With such moving sales pitches, majority of traders have signed up without a second guess. And this is why we have complaints. Read this genuine and eye-opening LITTERMAN FX Review for more details.

Litterman FX Services Offered

About Litterman FX

They claim Litterman FX is one of the leading names in Forex trading since 1999. And this information is posted on their about us page. In 2008, they claim to have introduced PAMM accounts to help traders make a large profit. With their PAMM accounts, they claim you don’t have to invest a large sum. In 2011, they claim to have introduced Bitcoin trading and have seen enormous growth. And this is why they have chosen to focus on Cryptocurrency trading on their platform.

Litterman FX is claiming to be a UK based trading platform which is far from the truth. Such brokers do have a license from the regulatory body FCA. Trading safely is a must and this is why traders should sign up with approved and expert-recommended brokers. Scam platforms such as Littermanfx are on the loose and targeting unsuspecting investors. And this is why you must read reviews to help you know more about a specific platform. Thanks to our years of trading experience, we know how to spot scam artists.

Asset Management

The platform claims to offer asset management services and trading opportunities. Some of the asset management services quoted include multi-asset and social trading. They claim to offer an array of CFDs, Forex, and stocks coupled with expert advice. Hedging insurance is also quoted as one of their main selling points. They claim to have a one of a kind investment plan tailored to customer’s needs. Litterman FX is also claiming to have technology that was built in house. And this could pose a huge problem.

Business Owner

The real owners of this platform remain hidden making Littermanfx an anonymous trading platform. With anonymity playing a huge role in stealing from traders, it is best to stay away. A good alternative to anonymous platforms is trading with approved and vetted Cryptocurrency trading robots. With recommended Crypto trading robots, chances of winning increase. Lack of real names of people behind this platform makes it an anonymous platform. The least they would have done is post names of staff members who handle funds.

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Domain Details

And this is another huge part of proving that Litterman FX is a scam. They claim to have been in existence since 1999. The trusted domain register whois.net reveals the website was created on 23rd August 2019. And this is proof we are dealing with a rotten platform with no spec of truth. Scam artists will do or say anything to try and make their platforms appear legit. And this is one of the main reasons why we have to blacklist it as a scam. The domain details show their trading history is barely a year old.

License and Registration of Litterman FX

Litterman FX Warning from FCA

When it comes to their license and registration, we get all the proof that we need. Litterman FX is claiming to be based in the UK; this means they have to be licensed by authorities in the region. The Financial Conduct Authority has issued a warning regarding this platform. When a distinguished trading platform offers such a warning, shots have been fired. Traders should not waste their money and time with such a platform.

EC Diffusion Ltd is the company which is posted at the disclaimer of their homepage. A look at the company register in the UK reveals no such company exists. These scam artists have posted a random company name to throw off investors. Scam artists try to sell their illicit activities to unsuspecting investors. And this is why you must read our reviews and get the full details.

Limitations of Litterman FX

Account Managers

Litterman FX is claiming to have a team of experienced account managers running the show. These account managers have no trading experience and are hired call agents. These call agents will harass members by calling them over five times in a day asking for more deposit. They claim that the more you deposit, the higher your chances of winning. A recent call suggested they don’t have a clue on what trading is about.

Contact and Customer Support

It is easy to notice that the platform does not offer live chat support. Live chat support is important as it helps traders get quick response and allows human interaction. With the platform, you get an email and phone number as means of communicating. The problem with emails is that you will never be able to get a scheduled response. Phone number listed is a virtual phone number which is ever busy.

Payment Options

When it comes to how traders deposit funds, they are contacted by the managers and given an account number. These account managers claim the amount will reflect once you deposit and sign up. After depositing funds, they could not be able to see their balance reflecting on the account. And this is what most members are facing at the moment. Another issue is that they can’t seem to withdraw funds. It is best to stay away from Litterman FX.

Recovery Cases

Litterman FX Recovery Plan

According to the details we saw on their website, they offer recovery packages. We did see that they have three distinctive recovery plans. They claim to have R1, R2, and R3 recovery packages with a guaranteed 50 to 60 percent recovery of lost funds. To sign up, you need to deposit $250 to recover lost funds. These scam artists have gone ahead and used a recovery service to fool the same victims. Recovery agents are not capable of recovering funds from an anonymous and unlicensed entity.

Safety of funds with Litterman FX

When it comes to safety of funds, Litterman FX is not guaranteeing it. The platform does not segregate accounts as dictate by law. They also pool funds in one account which is against set industry regulations and rules. These scam artists are fooling investors into signing up with a Ponzi scheme. Deposits made go straight to scammer’s bank account which is why traders can’t recover them. Refrain from depositing any amount with Litterman FX.

Scam or legit

Litterman FX History

The evidence is clear we are dealing with a lousy platform with no valid trading license. And this is why we must expose them for fraudulently accessing funds from investors. We are exposing them for being a platform operating with a warning already sent out. Litterman FX is a scam which must be stopped at any means. Stay away or else become another of their victims who can’t recover funds.

Final thought

We have to add this platform to our scam blacklist to ensure our readers are kept safe. Mark all their emails as spam and never join any of their affiliate programs. These are scam artists who have nothing to lose, and everything to gain from your deposits. Stay away and you won’t have to regret the decision.

Wishing all investors and traders a successful trading period.

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