Londonex Broker Review
- Trading at Londonex or LonMarkets requires no minimum deposit.
- The Londonex broker allows you to trade cryptos and CFDs, but we oppose it.
- No rollover requirements exist for the Londonex 200% bonus on the initial deposit.
Londonex Broker Review – Get All The Facts About LonMarkets.com Scam
LonMarkets, or Londonex, is a new broker on the market that was established only two months ago. Despite this, there are many complaints against the firm, which led us to investigate further.
Do you trust the Londonex broker with your funds? Does it have a good safety reputation? Does the money have the ability to be withdrawn? In this unbiased review of Londonex, you’ll find detailed information about the company.
Please look at our detailed scam broker reviews for AltimaTrade, InvestCorp, and Scandinavian Capital Markets. With these brokers, you are putting your money at risk!
- Offshore broker status: scam
- Regulatory status: Unlicensed Crypto and Forex Provider / No Regulation
- The scammer’s website is lonmarkets.com
- Scam Trading: Active Forex and Crypto Trading Scam / CFD Scam
- Scam-listed by: N/A
- Lonmarkets LLC is the broker’s owner
- Country of origin: Saint Vincent and the Grenadines
- Inauguration year: 2022
- Platforms of trading: WebTrader and MetaTrader 5 (MT5)
- Mobile Trading: Available via the MT5 mobile app
- Deposit minimum: N/A
- There is a 200% deposit bonus available.
- Trading in Crypto Assets: Available
- You can trade CFDs: Yes, you can
- Trading instruments: Forex (FX), commodities, cryptocurrencies (Cryptos), indices, and shares
- Leverage maximum: 1:1000
- No Islamic account is available.
- Demo Account: No, only live accounts are available
- US traders are accepted: US traders are accepted.
- Scam Broker: Don’t Invest!
Is Londonex Regulated? – Why Does It Matter?
Brokers should be regulated in order to provide a certain level of safety and security. Because it deals with money, it requires a license, just like other financial institutions.
The Lonmarkets LLC from Saint Vincent and the Grenadines operates Londonex as a brand. Earlier this year, the regulator of SVG declared itself ineligible to regulate Forex and binary options firms, making this Caribbean island a true haven for scammers.
Since then, many brands, including Londonex Forex broker, have decided to establish operations here.
What’s Wrong With FX Trading License?
Londonex regulation should be based in the country of service since it cannot come from the land of residence. The FCA, ASIC, and BaFin are among the Tier1 registers we checked.
It appears that the broker does not adhere to any regulations and illegally provides financial services.
Where Is Londonex Trading Scam Active?
Researchers have found that the Londonex trading scam is widespread, with the main targets being:
- UK
- France
- Germany
- Spain
What to Do If You Fall For a LonMarkets Scam?
We would appreciate it if you could let us know if Londonex has scammed you.
Global Fraud Protection is here to help you resolve the issue and obtain a refund. So, get in touch with us via online chat to schedule a free consultation, and let’s get your funds back before it’s too late.
The timing of financial transactions is critical; act immediately!
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FAQ Section:
1. What Is Londonex, and Should I Invest Money In It?
From Saint Vincent and the Grenadines, Londonex (LonMarkets) provides Crypto, Forex, and CFD trading. It may be challenging to get your funds back since the firm is not regulated. Also, please contact us for refund assistance if this is the case.
2. What Is the LonMarkets Minimum Deposit?
Trading at Londonex or LonMarkets requires no minimum deposit.
3. Can I Trade Cryptos and CFDs With Londonex Brokers?
The Londonex broker allows you to trade cryptos and CFDs, but we oppose it.
4. Does Londonex Give a Deposit Bonus When Opening an Account?
No rollover requirements exist for the Londonex 200% bonus on the initial deposit.
