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    Home » Lion Trader Review: Scam Activities Behind LionTrader.Io
    Lion Trader Review
    Fraudulent Brokers
    FinTopiAuthorBy FinTopiAuthorJanuary 20, 2023Updated:June 14, 2023No Comments6 Mins Read

    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.

    Leverage 1:200
    Regulation None
    Headquarters New York. 112 W 34th St, Manhattan
    Minimum Deposit $300
    Review Rating 1/5
    Broker Type Forex, Crypto, CFDs
    Platforms Meta Trader 5
    Spread As low as 0.5 pips

    Table of Contents

    • Regulation and Security of Lion Trader
    • Lion Trader’s Trading Platform
    • Trading Instrument Available at Lion Trader
    • Deposit and Withdrawal Procedure
    • How Do Illicit Brokers’ Frauds Works?
    • Best Forex Trading Brokers
    • Lion Trader Summary
    • FAQs About Lion Trader Broker

    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), 
    • Indices, 
    • Futures, 
    • Energies (oil & natural gas) and 
    • Cryptocurrencies.

    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.

    Broker Country, Rating Min. Deposit Website
    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.

    Lion Trader Reviews Lion Trader Scam Scam Broker Lion Trader Trading Scam

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    FinTopiAuthor
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    The FinTopiAuthor, who prefers to remain anonymous for now due to privacy reasons, has a bachelor’s degree in finance and over 10 years of experience in financial planning and bank loans. For the last 3 years, they’ve been working as a freelance copywriter in the niche of financial products, investing, and money lending, with the special attention to pros and cons of different loan types. Besides an interest in financial topics, they’re keen on traveling and various adventures.

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    Table of Contents

    Table of Contents

    • Regulation and Security of Lion Trader
    • Lion Trader’s Trading Platform
    • Trading Instrument Available at Lion Trader
    • Deposit and Withdrawal Procedure
    • How Do Illicit Brokers’ Frauds Works?
    • Best Forex Trading Brokers
    • Lion Trader Summary
    • FAQs About Lion Trader Broker

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