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LXM Forex Broker provides real users with * positive reviews, * neutral reviews and 3 exposure review!

LXM Broker Review

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FCA Suspicious Clone

LXM Review 3

Latest All(3) Exposure(3)
Exposure
Unable to withdraw in scam LXM

In the early August,I took a chance to added the assistant,who gave me the account and password to have lessons in the live-broadcasting room.One of the teacher gave lessons on stocks.And another teacher depicted that they were keen on charity and asked us to donate 10% of the profit to the person in poverty.I felt that the two teachers were reliable since they kept giving lessons every day.In early September,the teacher said that the stock market was not optimistic and asked us to withdraw the fund to trade forex.It was said that it could bring fast profits,with the leverage of 1:100,one could make big money by small fund.He said that he had profited largely in the forex and gold,with rich experience.The return was to donate 10% to the charity.The trading fund was at least $30000.Eventually,I made a loss of 310 thousand RMB.

百利法援
2019-12-04
Exposure
LXM scam

In early August, having seen someone recommending stock trading, I added the assistant and obtained the account and password.In the live-broadcasting room, a teacher taught us stock knowledge at first.Then a teacher claimed that they were doing charity and asked us to donate 10% of the profit to person in dilemma.Their going lengths to give lessons has acquired our trust.In early September, saying that the stock market was volatile, the teacher recommend us the forex trading with 300% profit.They claimed that, through 1:100 leverage and experienced trader, we could make money more fast.He asked us to deposit $30000 at least. As a result, we made a loss of 310000RMB within 5 days.

百利法援
2019-12-02
Exposure
How to do with the frozen fund in LXG ? How to unfreeze it?

In this August,I was pulled into a stock exchange group, in which there were teachers shared and analyzed some stocks.Having observed for while,I found that he was professional and his recommended stocks were on rise mostly.I also bought some shares with gains and losses.Then we got used to each other.Half month later,he recommended digital currency,saying that the stock market was not optimistic.He said that a new MAW would be on the market, and we could profit more than 5 fold as long as we draw the lucky number,showing his account in the group.Many members claimed to follow him.Then he recommended us LXG platform.I hesitated at first.Having seen so many members profiting,I joined in and deposited 300000 RMB!With teacher’s instruction,we profited more than 50000 RMB within a week.Then the teacher asked us to add fund for the becoming cocking market.I added another 300000 RMB for trading.Though making losses in the preliminary,I trusted him.Because of the overnight slump,I only had 100000 RMB left.I wanted to make a withdrawal to recover the loss,while the customer service kept holding off !I felt something wrong and argued with the teacher,but he removed me off the group and blamed the loss on me,keeping asking me to add fund.After I refused his proposal,he never reply to me,st which time I realized that I’ve been cheated!

百利法援
2019-11-14

  

Lxm 2025 Review: Everything You Need to Know

  Summary: Lxm, a broker operating under Lxm Finance LLP, has garnered significant scrutiny due to its questionable regulatory status and user experiences. While it offers a range of financial services, concerns about its legitimacy and accessibility have led to a predominantly negative perception among potential investors.

  Note: It is crucial to consider the different entities operating under the Lxm name across various regions, as this can impact the overall assessment of the broker's legitimacy and services.

  

Rating Overview

Category Score (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 2
Trading Setup/Experience 3
Trust Level 1
User Experience 2
(Optional) Additional Rating 2

  How We Rate Brokers: Our ratings are based on a comprehensive analysis of user reviews, expert opinions, and factual data regarding broker services.

  

Broker Overview

  Founded in 2010, Lxm operates as Lxm Finance LLP and is registered in the United Kingdom. The broker claims to provide a variety of services, including investment banking, corporate finance, debt management, research, and brokerage services. However, there are significant concerns regarding its regulatory status, as it is suspected to be a clone of a genuine FCA-regulated entity. The trading platform options are not clearly stated, and the broker's website has been reported as inaccessible, raising red flags about its reliability.

  

Detailed Analysis

  

Regulatory Regions

  Lxm claims to be regulated by the Financial Conduct Authority (FCA) in the UK. However, numerous sources indicate that this claim is dubious, labeling it a "suspicious clone" of a legitimate broker. This lack of valid regulation presents a significant risk to potential investors, as they may have limited recourse in case of disputes or fraud.

  

Deposit/Withdrawal Currencies

  The specific currencies supported for deposits and withdrawals have not been clearly outlined in the available information. Given the broker's ambiguous status, potential investors should be cautious and verify these details directly.

  

Minimum Deposit

  Details regarding the minimum deposit required to open an account with Lxm are not readily available. This lack of transparency can deter potential clients who are looking for clear and upfront information about their financial commitments.

  

Bonuses/Promotions

  There is no mention of any bonuses or promotional offers associated with Lxm. Typically, reputable brokers offer such incentives, and the absence of these may further indicate a lack of competitiveness in the market.

  

Tradable Asset Classes

  Lxm claims to offer access to various asset classes, including equities, bonds, and derivatives. However, without a functional website or clear documentation, it is challenging to ascertain the specific instruments available for trading.

  

Costs (Spreads, Fees, Commissions)

  Information regarding spreads, fees, and commissions associated with trading on Lxm is not provided. This lack of transparency is a significant concern, as potential investors cannot evaluate the cost-effectiveness of trading with this broker.

  

Leverage

  There is no available information about the leverage ratios offered by Lxm. This is a critical piece of information for traders, as leverage can significantly affect trading outcomes.

  

Allowed Trading Platforms

  The specific trading platforms available for use with Lxm, such as MT4 or MT5, are not mentioned in the sources. This lack of clarity can be a dealbreaker for many traders who prefer specific platforms for their trading activities.

  

Restricted Regions

  Details regarding any geographical restrictions on trading with Lxm are not provided. Investors from various regions should be aware of potential limitations before engaging with this broker.

  

Available Customer Service Languages

  Lxm offers customer support in English, with contact options including phone, email, and social media. However, the effectiveness of this support is questionable, given the overall negative user experiences reported.

  

Repeated Rating Overview

Category Score (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 2
Trading Setup/Experience 3
Trust Level 1
User Experience 2
(Optional) Additional Rating 2

  

Detailed Breakdown

  

Account Conditions

  The account conditions at Lxm are vague, with no clear minimum deposit or account types mentioned. This lack of clarity may deter potential clients.

  

Tools and Resources

  Lxm does not appear to offer any unique tools or resources that would enhance the trading experience. This is a significant drawback compared to other brokers in the market.

  

Customer Service and Support

  Customer service experiences with Lxm have been reported as unsatisfactory, with long response times and limited effectiveness in resolving issues.

  

Trading Setup/Experience

  The trading setup is unclear, with no information about the platforms available or the types of accounts offered. This ambiguity can lead to a frustrating experience for traders.

  

Trust Level

  The trust level of Lxm is significantly low, primarily due to its dubious regulatory status and reports of scams associated with the broker. Potential investors should approach with extreme caution.

  

User Experience

  User experiences have been predominantly negative, with reports of being unable to withdraw funds and concerns about the broker's legitimacy.

  In conclusion, the Lxm review indicates a broker with significant red flags, including questionable regulatory claims and poor user experiences. Potential investors are strongly advised to conduct thorough research and consider alternative, more reputable brokers before committing any funds.

LXM review