Lionex: customer reviews about the company’s performance in 2023.

How to Avoid Deception in Financial Markets

To achieve success in trading and stable earnings, significant efforts and extensive experience are required. However, experience shows that many novice traders do not lose their capital due to spontaneous trading decisions, but due to the wrong choice of a financial partner. The likelihood of making a profit with such fraudulent companies tends towards zero. We will further discuss how fraudsters operate using the example of the Lionex company.

Main Information about the Broker Lionex

There are no reviews about Lionex on both Russian and foreign platforms. Potential victims can only obtain information from the broker’s official website and its employees.

The presumed period of the company’s operation in financial markets is not disclosed, but the following statistics are provided:

• daily trading volume – $77.45 billion,
• 165,000 active users,
• 150+ different trading instruments.

However, it quickly becomes apparent that the presented statistics are fake. The scammers even forgot to remove the name of the project from where they copied this data – REACHOUT.

Additionally, a check of lionex.capital via the specialized whois service showed that the site was launched on December 28, 2022. This fact only confirms the discrepancies in the statistics provided by Lionex.

Lionex has not provided adequate customer support, and this can be discerned even without reading real trader reviews. The phone number listed on the platform turned out to be fictitious and is just a simple digital sequence. Furthermore, this number also appears on the website of the fraudulent broker QR Capital 24, which has received many unfavorable reviews online. It turns out that we are dealing with serial scammers who consecutively launch pseudo-brokers.

What Do Legal Documents Say?

If Lionex’s predecessor, the pseudo-broker QR Capital 24, at least indicated a fake legal address, there is no such information about Lionex on the website. The company has made significant efforts to conceal its legal structure so that clients cannot access the relevant documents.

Nevertheless, let’s conduct a brief analysis of the internal rules presented by the fake broker. Apart from predatory conditions, it was found that Lionex operates in accordance with the laws of Saint Vincent and the Grenadines.

This offshore country with weak legislation often attracts financial fraudsters. However, a check of the Saint Vincent and the Grenadines registry of legal entities revealed that Lionex does not have a registration certificate. The scammers even lie about their offshore status.

Remember, this jurisdiction does not issue licenses to financial intermediaries and does not regulate their operations. The Financial Services Authority of Saint Vincent and the Grenadines website has a warning for traders. However, newcomers may overlook this information and end up losing their investments.

In the Russian-speaking community, Lionex also operates without the corresponding permissions from the Central Bank of Russia and other regulatory bodies. The scammers provide brokerage services illegally and do not fear legal measures. There is a lack of control over such fraudulent activities by supervisory authorities.

Trading Opportunities

Lionex does not disclose its trading conditions, which can only be learned after registration. Nevertheless, the following is known:

• 150+ assets (currency pairs, metals, commodities, securities),
• a demo account is available for safe training,
• spread sizes starting from zero,
• funds kept in separate accounts,
• direct access to ECN,
• several deposit methods (bank transfer, cryptocurrencies, Visa/MasterCard cards),
• no information provided on minimum trading commissions.

There is no information about the company’s financial obligations fulfillment, but considering the absence of legal documents, it can be assumed that the platform only operates to receive funds. Apart from exchange operations, the pseudo-broker offers advisory services, trade copying, and participation in an affiliate program.

Investor Ratings

At the time of writing this review, there are no reviews from real Lionex clients. This puts the scammers in an advantageous position, as they can freely deceive investors. As an alternative, you can review the previous project reviews of these fraudsters.

Have you formed an opinion about Lionex already? Share your impressions about Lionex in the comments. Do you consider this company fraudulent and why?

Fraudsters’ Tactics

For these fraudsters, Lionex is not the first attempt to create a pseudo-broker; they have extensive experience in fraud. However, the scammers increasingly restrict access to information to avoid exposure. Currently, they individually trap victims into their schemes. New traders are promised huge profits and professional assistance.

The scammers have a managed terminal, so they can artificially create profitable trades for some time to gain investors’ trust. They wait until a substantial amount accumulates in the account and then begin executing their nefarious plan. For this purpose, they use AnyDesk. The swindlers claim the program is needed for training, but in reality, they use it to gain unrestricted access to the trader’s personal account and embezzle funds.

Conclusion

Lionex is a product of serial scammers who exploit the lack of feedback to empty the wallets of their victims. There is no legal basis for their operations, so the company has nothing to lose. Avoid becoming a victim of these fraudsters! Be vigilant and never trust scammers blindly.