Search

Londonex Forex Broker provides real users with * positive reviews, * neutral reviews and 8 exposure review!

Londonex Broker Review

1.41

WikiFX monitor

Business

Influence E

License

No license

Londonex Review 8

Latest All(8) Exposure(8)
Exposure

Many customer accounts are profitable, and the platform automaticlly withdraw profit from customer

FX2198346897
2023-05-06
Exposure
Tk did the command to gd. Intervention floor automatically closes orders

My account is running transaction orders. The intervention floor automatically closes negative orders, causing Kh to lose good orders

FX2198346897
2023-04-29
Exposure
The consultant put a big liner to liquidate the account

On 2022. 12. 12, I received a stock advisor Londonex and volk, who is about to pay dividends, a reputable brokerage consultant, fast entry fund, and expert support 1-1, I also went online to survey, on December 14, 2022, I paid 6 million and in advance to maintain 120% bonus, the next day I paid 105 million USD and soon got an expert. a few days of profitable support, but the experts do not allow withdrawals. last week, the volk code paid a dividend of $8,000, but the volk code has dropped a lot and since then experts told me I have placed a lot of buy and sell orders with the same token, resulting in a lot of negative numbers in my account and ask me to deposit more money to keep the account and get it back. experts once again started depositing 250 million dollars for me. even though my account sometimes has very few negatives, I am not allowed to withdraw, allowing me to place large volume orders to withdraw more money with a fast negative account. on December 27, 2022, my account was severely negative, I couldn't transfer anymore, my account was burned and I immediately left the zalo group. a dishonest businessman will deceive you and you will soon be punished. experts defraud one person after another, taking commissions on other people's blood money. since I lost my money, I have not focused on life and work, my thoughts are only focused on how to get my money back.

chambui
2023-02-05
Exposure
Expert in liquidating customer accounts

On January 6, 2023, I deposited 450 million dong into account 10006536, then I was given an expert support to type Nonfarm newsletter. After typing the newsletter, the expert called me and asked me to place many buy-sell orders of the same code, placing a large amount. Set all my accounts to negative. Within 1 hour, the phone rang, calling many times to the specialist who did not answer the phone. I don't understand how the floor let the expert kill people without a knife, within 1 hour, I flew 450 million VND to load it up until January 10, 2023, my account was on fire, unable to trade. again. Request the police, the People's Procuracy, and the website to deal with these unscrupulous business people, sucking this person's blood so that I can get my original money back, my sweat and tears were lost. in a very short period of time, making me very confused at that time, scared because I didn't think about losing money so quickly, now every day and every hour I have to think to repay the debt. These ingredients will be retribution sooner or later

chambui
2023-01-17
Exposure
Expert in placing orders - depositing money, liquidating accounts

That Friday (January 6, 2023) in the securities group (whoever joins this floor are advised to join the zalo group) started telling people to top up to report Nonfarm making money because this newsletter only has I thought about it all day until that afternoon, I borrowed money to type that newsletter and I was able to create a new account, with a new expert named Linh of the floor to help me. After typing the Nonfarm newsletter, you pay 10% of the profit and then start calling, urging me to place a lot of orders, which makes me panic. After calling to let me place orders according to your wishes, I go back to the delivery section. after translating, my account balances orders like the old account, buy - sell orders of the same stock code. I'm so scared, I call and text that Linh continuously but don't listen. Just texted me back to tell me to balance the order, but on Saturday morning (January 7, 2023) my account was negative a lot and her friend kept calling and texting me to ask me to top up to not burn my account. I told my friend that I ran out of money and didn't have it to enter, why did I do such a balancing act, why did I place such a big order, Linh said she wanted me to say it quickly, I said I didn't need a lot of words. Just play small and her friend supports her by joining her in 50,000 USD with her, but with the condition that she has to join the money. but I said all the money is gone, I will fight for you, how much is it for you, but you say that if you enter your money alone and lose, you will lose everything. Why did you force me to force you into the money with you? What if you lose again, what if you think the second reason (9/1/2023) believes that you won't lose, drop each order slowly. I heard that so I knew I was scammed again so I didn't come in. This Monday morning (January 9, 2023) his friend kept calling and texting constantly asking if he could top up more money, until tonight there was no money. In, the account will automatically fire. And then on January 7, 2023, my account was burned and could not be traded

chambui
2023-01-15
Exposure
Accusing Londonex of placing orders to recharge

I have been invited from you to advise on the Londonex exchange that is about to pay a very high Volkswagen dividend. You told me to recharge and give me an expert to help me because I don't know how to play. The first few days of joining, the expert also keyed the currency code for me and always made a profit, after paying the Volk code dividend, specialized Gia started placing a lot of buy - sell orders of the same code making my assets very negative and told me to deposit more money to drop orders but my account became more and more negative. And so on, I had to recharge 3 more times, the total amount is 780 million VND. On January 6, 2023, there was a Nonfarm newsletter, so I typed this newsletter to remove it and I created another account to top up 450 million VND. That night I was supported by another expert, after 10% profit, the expert started to urge me to place a quick order, confusing me to follow the expert's advice and after the expert told me to wait for a green sell order, then turn around. When I trade again, I see many buy - sell orders of the same code all balance and my account has been negative a lot and I can't play anymore and the expert starts telling me to deposit more money. God, within 2-3 hours of the evening I almost lost my account. So within 1 month I paid 1 billion 230 million dong. So sad, I went online to find out if anyone was scammed like me, then I knew a lot of people were like me and fortunately came to this website to denounce it. Hope the website helps me get back the money I spent because it's the sweat and tears of both my husband and I. And I will also report to the police so that everyone who intends to invest in it should stop immediately.

chambui
2023-01-09
Exposure
Do not allow withdrawals for this reason, the exchange intervenes

I can't withdraw but someone else calls me if I don't go all 4 lines, I won't let them withdraw, but according to the agreement, there is no requirement for any number of lines. then force me to be an investor is required to go big or not to withdraw ... I complained to the londonex platform

phong9045
2022-12-29
Exposure
Money did not return to my account and was removed from the group

On December 23, 2022 I have invested 1500 usd in londonex exchange, until yesterday I did not see the money returned as they promised to pay on the evening of December 22, I sent a message to ask for support, it was immediately removed from the group and did not pay. money for me, as well as support me. have i been scammed?

kim ngan4744
2022-12-25

  

Londonex 2025 Review: Everything You Need to Know

  Londonex has emerged as a controversial player in the forex trading landscape, with a plethora of reviews and warnings highlighting its potential risks. This broker, operating from Saint Vincent and the Grenadines, has been flagged for its lack of regulatory oversight and questionable practices. Users and experts alike have expressed concerns regarding its legitimacy, with many labeling it as a scam. Key features include high leverage ratios and enticing bonuses, but these come with significant caveats.

  Note: Its important to consider that Londonex is associated with various entities across different regions, complicating its regulatory status and increasing the risk for potential investors.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 2
Trading Settings (Experience) 3
Trustworthiness 1
User Experience 2

  How We Rate Brokers: Our ratings are derived from a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's operations.

  

Broker Overview

  Founded in 2022, Londonex presents itself as a forex and CFD trading platform. It claims to offer access to the popular MetaTrader 5 trading platform, along with a range of financial instruments including forex, commodities, cryptocurrencies, and indices. However, the broker operates without valid regulatory licenses, raising significant red flags regarding the safety of client funds. The lack of transparency in its operations and the absence of clear information about its ownership further exacerbate concerns about its legitimacy.

  

Detailed Insights

  •   Regulatory Status: Londonex is unregulated, operating from Saint Vincent and the Grenadines, a jurisdiction known for being a haven for scam brokers. The local financial authority has declared itself unable to regulate forex and binary options firms, which means that Londonex operates with little to no oversight. According to Global Fraud Protection, this lack of regulation significantly increases the risk for traders.

  •   Deposit/Withdrawal Methods: The broker claims to accept various funding methods, including credit cards, bank transfers, and e-wallets like Skrill and Neteller. However, the specifics regarding minimum deposits are vague, with some sources indicating a minimum deposit requirement of $1,000, while others suggest no minimum at all. This inconsistency raises further concerns about the broker's transparency.

  •   Bonuses/Promotions: Londonex offers a 200% deposit bonus, which is a common tactic used by scam brokers to entice traders into depositing more money. However, the terms and conditions surrounding these bonuses are often unclear, making it difficult for users to withdraw their funds later. As noted by BrokersView, such bonuses can be a trap, preventing withdrawals until unrealistic trading volumes are met.

  •   Trading Asset Classes: The broker claims to provide access to a diverse range of trading instruments, including over 70 forex pairs, commodities like gold and oil, and various cryptocurrencies. However, the quality and reliability of these offerings are questionable given the broker's unregulated status.

  •   Costs (Spreads, Fees, Commissions): Londonex advertises tight spreads starting from 0.0 pips on its raw account, but these claims should be approached with caution. Many reviews suggest that the broker may not be transparent about its fee structure, potentially leading to hidden charges that could affect trading profitability.

  •   Leverage: The broker offers leverage of up to 1:1000, which is significantly higher than what is permitted by regulated brokers in many jurisdictions. This high leverage can amplify both profits and losses, posing a severe risk to inexperienced traders.

  •   Allowed Trading Platforms: Londonex primarily utilizes the MetaTrader 5 platform, which is widely regarded for its advanced trading capabilities. However, the broker's legitimacy in offering this platform is called into question due to its lack of regulation and transparency.

  •   Restricted Regions: Londonex is known to target clients in various countries, including the UK, France, Germany, and Spain, despite lacking the necessary licenses to operate in these markets. This practice is highly concerning and adds to the broker's reputation as a potential scam.

  •   Customer Support Languages: While Londonex claims to offer customer support via email and live chat, many reviews indicate that communication can be poor, especially when clients seek to withdraw funds or resolve issues.

      

  

Ratings Recap

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 2
Trading Settings (Experience) 3
Trustworthiness 1
User Experience 2

  

Detailed Breakdown

  •   Account Conditions: The lack of clarity regarding minimum deposits and the presence of high-pressure sales tactics are significant drawbacks. Many users have reported feeling misled about the requirements for opening accounts.

  •   Tools and Resources: While the MetaTrader 5 platform is a strong point, the overall lack of educational resources and support for new traders is a major concern.

  •   Customer Service and Support: Users have reported difficulties in reaching customer service and receiving timely responses, especially when attempting to withdraw funds.

  •   Trading Settings: The trading experience is marred by concerns over hidden fees and the broker's unregulated status, which can lead to unexpected losses.

  •   Trustworthiness: The overwhelming consensus from various reviews is that Londonex is not a trustworthy broker. The absence of regulation and numerous complaints about withdrawal issues contribute to this low rating.

  •   User Experience: Many users have shared negative experiences, particularly regarding difficulties in withdrawing funds and the broker's aggressive marketing tactics.

  •   In conclusion, the Londonex review paints a troubling picture of a broker that appears to prioritize enticing offers over genuine trader support and security. Prospective investors are strongly advised to consider regulated alternatives to ensure the safety of their funds and a more transparent trading experience.

Londonex review