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LXFX
Operating status: SCAM
Website: https://www.lxfx.com/
Broker violations and abnormal records
LXFX claims its parent company, Link Global Markets LLC, is registered with the FSA of Saint Vincent and the Grenadines and FinCEN. While these registrations exist, neither body regulates forex trading, so they do not authorize it as a legitimate forex broker. LXFX also claims that its subsidiary, LEVER TECHNOLOGIES LTD, is a Canadian company registered with FINTRAC and holds an MSB license. However, no such records exist in FINTRAC’s database for either company. These discrepancies indicate misleading information, and LXFX is not regulated by any credible financial authority. Therefore, it appears to be a scam.
LXFX claims its parent company, Link Global Markets LLC, is registered with the FSA of Saint Vincent and the Grenadines and FinCEN. While these registrations exist, neither body regulates forex trading, so they do not authorize it as a legitimate forex broker. LXFX also claims that its subsidiary, LEVER TECHNOLOGIES LTD, is a Canadian company registered with FINTRAC and holds an MSB license. However, no such records exist in FINTRAC’s database for either company. These discrepancies indicate misleading information, and LXFX is not regulated by any credible financial authority. Therefore, it appears to be 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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