LEX claims to be an experienced broker while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position.

Besides, LEX presents three of its branches in the British Virgin Islands, Hong Kong, and China mainland. First, as per the information we hold, there are no authorities that issue licenses for forex trading or regulate entities that offer forex activities. Second, we did not find any match results to LEX in the British Virgin Islands Financial Services Commission (BVI FSC) and the Hong Kong Securities And Futures Commission (HK SFC).

The truth is that LEX is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

BrokersView found that the domain "https://lexfx.com/#" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.