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LVMexchange

Operating status: SCAM

Website: https://lvmtrade.com/

Broker violations and abnormal records
  • Jun 26, 2022 BrokersView has reviewed that LVMexchange is an Unregulated Forex Broker

    LVMexchange is not a reliable broker for traders even though it states offers that look good to be true. LVMexchange claims it was founded in 2015 and received the license for brokerage and asset management in 2016. However, when we checked its domain, we found it was created in 2017. So how could it start its business in 2015? It is a red flag here.

    Besides, LVMexchange claims to be registered by the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) under registered number: 24616 IBC 2018. However, we did not find any match results to the registered number. What's more, SVG FSA does not regulate entities that offer forex services.

    The truth is that LVMexchange 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. 

    LVMexchange is not a reliable broker for traders even though it states offers that look good to be true. LVMexchange claims it was founded in 2015 and received the license for brokerage and asset management in 2016. However, when we checked its domain, we found it was created in 2017. So how could it start its business in 2015? It is a red flag here.Besides, LVMexchange claims to be registered by the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) under registered number: 24616 IBC 2018. However, we did not find any match results to the registered number. What's more, SVG FSA does not regulate entities that offer forex services.The truth is that LVMexchange 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.

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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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.