The website claims that LionTrader is a legitimate New York-based broker offering ideal trading conditions with a wide range of trading instruments from forex to metals. However, the broker simply isn’t regulated anywhere, most definitely not in the United States or the United Kingdom, which essentially means that we are dealing with a blatant scam.
We have looked up the contact information for the company’s representatives but to no avail. It implies that these scammers are very anonymous. They have the ability to steal your money at any time and vanish altogether.
What is more, we strongly advise you not to invest in DashStamp, Solana Markets and Gis Capital fraudulent brokers.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Headquarters Country:||United States (allegedly)|
|Minimum Deposit:||300 USD|
|Cryptocurrencies:||BTC, Ethereum, Dodge Coin|
|Types of Assets:||Forex, Metals, Crypto, Indices, Futures & Energies.|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
Is LionTrader a Licensed Broker?
LionTrader claims to have a New York City headquarters, a London office, and all necessary licenses and authorizations. All of this sounds wonderful, but it is simply untrue. Neither the US nor the UK has any regulations concerning LionTrader.
We checked the registers of the relevant local regulatory bodies, including the FCA (Financial Conduct Authority) in the UK and NFA (National Futures Association) in the US. However, no organization or broker going by the name of LionTrader could be found there. Using that data, we came to the conclusion that LionTrader does not have Tier 1 regulation.
Why Is Trading On a Licensed Broker’s Platform Preferable?
It would be awful to lose money to scammers. By signing up with and making investments with an unlicensed broker, you are essentially wasting your money on an illegal and utterly pointless venture. There is no reason for it. We advise our readers to rely on European, UK, US, Australian, or any other licensed brokers for that matter.
Worldwide regulated brokers offer several services that unregulated brokers are unable to, including consumer protection, protection against negative balances, reports on every transaction, segregation of client funds, and many more services.
Is LionTrader a Licensed Broker Or A Fraud?
LionTrader is an unlicensed Forex and CFD trading provider. The company claims to be regulated and licensed, which we confirmed is not the case.
What Trading Software Does the LionTrader Broker Offer?
The webpage contains no trading software at all. All visible links point to the same source of irrelevant “website construction toolkits.” Is this a joke or a clever marketing ploy? All we know is that LionTrader.io moves further and further away from the definition of a broker.
Furthermore, there is no way to verify that the trading information is accurate without having access to the user section of the website, as there is no real evidence of any software on the site operating as a trading platform.
LionTrader Accounts Overview
LionTrader appears to be offering six account types. Here’s a small overview of all the accounts offered:
- Standard – $300 deposit, leverage 1:200, 1.2 spread.
- Gold – $500 deposit, leverage 1:200, 0.7 spread
- Premium – $10,000 deposit, leverage 1:200, 0.5 spread
- Standard – $500 deposit, leverage 1:200, 1.2 spread
- Gold – $1000 deposit, leverage 1:200, 0.7 spread
- Premium – $50,000 deposit, leverage 1:200, 0.5 spread
LionTrader – Countries Of Service
Liontrader is scamming traders in the US, UK and Canada. We have received numerous complaints from traders in those countries against this broker. As a result, we urge our readers to avoid this broker when deciding where to invest. Better safe than sorry.
Also remember the names of the AFX Trade LLC, AktienAG and Finvis trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
What Is Known About LionTrader’s Trading Conditions?
With a normal account and no trading commission taken, the spreads advertised in the LionTrader presentation start at just 1.2 pips. As far as the maximum leverage is concerned, it is said to be as high as 1:200. But the reality is that the website is not trustworthy being unregulated and all remains unchanged.
On the LionTrader website, there is no info concerning payment methods, and since we were unable to register for a trading account right away, we are unsure of the precise nature of the available payment options.
Nevertheless, we can make a rather accurate estimate. Remember that regulated brokers accept payments through bank wire transfers, popular e-wallets like PayPal, and credit/debit cards like VISA and Mastercard. In contrast, scammers like LionTrader typically prefer to trick you into depositing your money in bitcoins or other crypto coins.
The minimal deposit is $300, according to the website. And that’s basically all the payment-related information we have. Nothing more is provided by the broker.
Scammed by LionTrader Broker? – Let Us Hear Your Story
The most typical course of action is to submit a chargeback request, but only if the user made their investment using a credit or debit card. Due to this, there aren’t as many investment scams today using credit cards. The good news is that MasterCard and VISA both have up to 540-day chargeback periods if money was invested using a card.
Wire transfer deposits are more difficult to recover, so if at all possible, we advise contacting the bank to resolve the issue.
But What Is A Chargeback?
When a consumer successfully disputes something on their account statement or transactions report, the charge is returned to the payment card in the form of a chargeback. Debit cards (and the associated bank account) and credit cards both have the potential for chargebacks.
A chargeback is a type of refund since it refunds money that was previously deducted from an account. It differs from a canceled charge in this regard because it is never fully authorized for settlement.
Chargebacks, which are focused on charges that have been fully processed and resolved, can frequently take several days to complete since they must be reversed through an electronic procedure involving several companies.
If LionTrader scammed you, contact our chargeback experts for assistance, schedule a free consultation, and we will do whatever we can to help you get your money back.