Lion Trader Review: Scam Activities Behind LionTrader.Io
Do you ever wonder what lies behind the apparently perfect facade worn by these financial swindlers? How do their captivating websites and offers cover their true intentions? The Lion Trader Review will explain in detail and thus undermine this fraudulent broker’s plan to implement its vile investment scam.
You might believe that you’re dealing with a reputable NYC provider, the “king” of the financial jungle, as its name could suggest. However, there is a secret underneath that will work to your disadvantage.
On Lion Trader’s website, once you click “Get in touch,” you get redirected to an entirely different website that has nothing to do with trading whatsoever. There are several other broken links as well. This is the first of many red flags associated with this unscrupulous broker. Perhaps the most alarming is the lack of information about the owner and the regulation.
Working with unlicensed brokers, such as those described in the following paragraph, has the same risks as Hitstockfx, Bullionsassets, and Bgt-Xchange.
|Headquarters||New York. 112 W 34th St, Manhattan|
|Broker Type||Forex, Crypto, CFDs|
|Platforms||Meta Trader 5|
|Spread||As low as 0.5 pips|
Regulation and Security of Lion Trader
Who on earth would suspect that a broker claiming to operate out of downtown Manhattan could be dubious? If that’s the logic that Lion Trader has adopted, then it’s got another thing coming. As usual, the address is fake, with no traces of the so-called transparent provider.
The US regulatory institutions – Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) have no info on Lion Trader. Coupled with an anonymous website, you’ve got yourself a true fraudster.
In addition, the phone number provided on the website starts with +346, which is the North American Numbering Plan’s telephone code for Houston, Texas. This prompts us to believe that the mastermind behind Lion Trader is not in NYC at all. As the saying goes, everything is bigger in Texas and it seems that it applies to the lies of this phony as well.
Lion Trader’s Trading Platform
On to the next lie that this illicit broker had spit like venom. This time, it concerns the trading platform. Lion Trader had the audacity to claim that it offers its clients the famous Meta Trader 5 platform, i. e. the industry’s leading software. But, as you might have guessed already, there is no download file or web version available on the website.
It is easy to just put Meta Trader 4 or 5 somewhere on the website and use it to persuade people to play along with your scheme. Keep in mind that some fraudsters do provide a download link or a browser-based platform spin-off, but it oftentimes contains malware or is prone to be manipulated.
Trading Instrument Available at Lion Trader
According to Lion Trader’s website, the unauthorized broker listed the classic portfolio of trading instruments that includes:
- Over 70 Forex pairs,
- Metals (gold, silver, platinum),
- Energies (oil & natural gas) and
It had placed particular emphasis on crypto trading, boasting its abundant offer of more than a thousand crypto assets. These allegedly include the most popular ones, i. e. Bitcoin, Ethereum, Dodge Coin, Shiba, etc.
Offered spreads range from 0.5 pips (premium) to 1.2 pips (standard), which is quite pleasing. It’s a pity it’s fake. Retail client leverage caps at 1:200 while the limit in the US is 1:50 for major FX pairs (even lower for others).
Deposit and Withdrawal Procedure
If you’re not convinced yet by everything that was previously written, then this will put the final nail in the coffin of Lion Trader! There is no information about deposit and withdrawal methods on the website. Nada. The only thing disclosed was the minimum deposits for each account type and the bare minimum is $300. These unacceptable omissions ought to deter anybody.
How Do Illicit Brokers’ Frauds Works?
Fraudulent brokers have numerous tricks up their sleeves when it comes to attracting potential clients, persuading them to make the initial deposit, assuring them that they are on the right track to profits, and in some cases, even convincing them that nothing illegal has happened.
This scammer, for example, offered no registration option nor any info on deposits and withdrawals. This tells you that it selects its victims in a discriminating manner. Lion Trader approaches its targets, not vice-versa. That is one way to add a dose of security to your scheme. If you ever interact with brokers like this, take everything with a pinch of salt.
There’s no shame in being scammed. The important thing, in that case, is to act quickly in order to have a chance of regaining your money. We can help you by reporting the shady scammer.
Best Forex Trading Brokers
Enough of Lion Trader’s mumbo jumbo. It’s time for some legitimate brokers. Below, you’ll find a list of credible and licensed providers that we deem worthy of your funds. Juxtapose their websites and offers with our financial scammer and you’ll immediately notice the difference.
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
Lion Trader Summary
- Lion Trader did not provide sufficient information about the company and its operations;
- Its website is full of broken links;
- Multiple contradictions are found on the website;
- It lied about its address and regulatory status;
- No registration option nor deposit and withdrawal info.
FAQs About Lion Trader Broker
Does Lion Trader Offer a Demo Account?
Lion Trader claims to offer a demo account but the link to it is broken.
What is the Minimum Deposit for Lion Trader?
The minimum deposit that Lion Trader requires you to make is $300 (standard account).
Is Lion Trader Regulated?
Lion Trader is not regulated since there are no records of the broker on the US official regulators’ websites.