Is Londonex a trusted broker? Is it a platform for your money? Can you safely withdraw your money? Read this Londonex review to clear all your doubts.
Londonex Website: https://londonex.com/
Londonex Address: Saint Vincent and the Grenadines
Is Londonex regulated or not? Unregulated, Offshore Scam Broker
Londonex Warnings: Not Recommended By Review Website Like Trading-Scams.Com
|Date Registered||November 08, 2016|
|Domain Age||6 years, 2 months, 14 days, 8 hours, 26 minutes, 43 seconds|
In this Londonex review, we are going to provide investigated details of Londonex broker.
Londonex Review: About Londonex Broker
Londonex has all the signs of being a scam broker. The broker is additionally working from an offshore region Saint Vincent and the Grenadines. This place is a heaven for investment scammers.
This broker is a brand of Lonmarkets LLC, and yet their site suggests that they are possessed by an enrolled element called Londonex LLC.
It’s essential to realize that brokers working under the jurisdiction of SVG are not legitimate.
Londonex Regulation Status
LondonEX is an unregulated broker and doesn’t hold any license from any genuine authority. It is necessary to hold a license to provide a specific level of security, and it requires a license to manage funds.
If a broker can’t get a license for their nation, they need to look for guidelines in the nations where their services are given.
Basically, LondoneX is an unlicensed broker who represents an extraordinary red flag and is not safe for trading.
Londonex Trading Platform
LondonEX offers MetaTrader 5, an expert trading platform that is the trading standard right now when it comes to trading programming.
This can be a positive element, however, as this broker is not regulated, it may offer unregulated exchange terms to its clients.
Other than MetaTrader5, the broker offers one more trading platform called WebTrader, which is fundamentally a small variant of MetaTrader.
This platform does not have high-level choices and is, consequently, more for beginners.
Londonex Deposit and Withdrawal
Londonex accepts deposits through different techniques, including Visa, MasterCard, and nearby banks. Also, they share no information about the minimum deposit which makes it more suspicious. Things get worse when you ask for a withdrawal. The scammer will do anything to postpone the withdrawal for quite some time, after which you can’t demand a chargeback, and your funds are long gone.
Londonex Review Conclusion
After analyzing various complaints, negative Londonex reviews against the broker, and more withdrawal issues announced by scam victims from around the globe, it is clear that LondonEX is not a genuine broker but a scam.
In general, it is important to thoroughly research any broker before investing with them and to be aware of the risks involved in trading financial markets. It is a good idea to check the broker’s regulatory status and customer reviews and to be cautious of any promises of guaranteed profits or unrealistic returns. Additionally, you may want to check if the broker is a member of a regulatory body such as the Financial Conduct Authority (FCA) in the UK.
It’s important to research and invest only with reputable and regulated financial institutions, be aware of the risks involved in trading, and be cautious of any promises of guaranteed profits or unrealistic returns.
Are you a victim of Londonex scam? Get help
A few brokers are not serious about business, and Londonex is one of them, looking to steal your money. If you get scammed by Londonex broker, Trading-Scams.com’s expert team can help you recover your funds. You just have to file a complaint by filling up a complaint form, and our team will connect with you soon.
You can also get a free consultation if you are a victim of a forex scam, cryptocurrency scam, binary scam, or any other scam. Also, check the list of scam brokers 2023 to keep yourself safe from such scam brokers.
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