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Lenotec Fx

Operating status: SCAM

Website: https://www.lenotecfx.com/

Broker violations and abnormal records
  • Mar 09, 2023 The UK regulator FCA added Lenotec Fx to its warning list

    The Financial Conduct Authority (FCA) issued a warning against Lenotec Fx on March 10th, 2023 after finding this broker potentially providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/lenotec-fx

    The Financial Conduct Authority (FCA) issued a warning against Lenotec Fx on March 10th, 2023 after finding this broker potentially providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/lenotec-fx
  • Mar 12, 2023 BrokersView has reviewed that Lenotec Fx is an Unregulated broker

    Lenotec Fx claims to be part of the Lenotec Fx Group of Companies and claims to be a member of the Financial Commission, a member of the United States Securities and Exchange Commission (SEC), the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF).

    However, our search for this broker in IIROC's registry did not yield any matching results. The regulatory information it claims is a false statement to unsuspecting investors. 

    At the same time, we noticed the UK Financial Conduct Authority (FCA) issued a warning against Lenotec Fx to caution investors about this broker.

    Additionally, the Financial Commission is an independent self-regulatory organization and external dispute resolution (EDR) body, the SEC is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation, and the CIPF is a not-for-profit insurance program to protect investors from the bankruptcy of an individual investment firm. These abovementioned organizations or agencies do not have legal authorities to regulate forex activities.

    The truth is, Lenotec Fx is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    Lenotec Fx claims to be part of the Lenotec Fx Group of Companies and claims to be a member of the Financial Commission, a member of the United States Securities and Exchange Commission (SEC), the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF).However, our search for this broker in IIROC's registry did not yield any matching results. The regulatory information it claims is a false statement to unsuspecting investors. At the same time, we noticed the UK Financial Conduct Authority (FCA) issued a warning against Lenotec Fx to caution investors about this broker.Additionally, the Financial Commission is an independent self-regulatory organization and external dispute resolution (EDR) body, the SEC is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation, and the CIPF is a not-for-profit insurance program to protect investors from the bankruptcy of an individual investment firm. These abovementioned organizations or agencies do not have legal authorities to regulate forex activities.The truth is, Lenotec Fx is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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