Lerta Group: check if they are scammers?

Sometimes even when a broker provides legitimate documents and impressive statistics, it’s important to conduct your own verification before making any investments. Our review focuses on Lerta Group, which former clients accuse of various financial manipulations, including extortion, theft of deposits, and reluctance to withdraw clients’ funds.

Introductory Facts about Lerta Group

According to their description, Lerta Group is a firm from the UAE that claims to have gained the trust of 200 thousand traders from different countries. They claim to have more than 300 million open positions and 200+ available trading instruments. However, it’s suspicious that their website lacks information about their roadmap and tenure of operation.

When checked through whois, it was revealed that lertagroup.com has been in existence since 2023. It’s not difficult to assume that their statistics could have been falsified given their short period of existence.

The only real contact turned out to be an email used for dishonest purposes, and the phone number is marked as associated with financial fraud.

Their office address in the UAE actually belongs to another company – a management consultant in Dubai, which can be easily verified on Google.

Legal Broker or Not?

Despite Lerta Group’s claims of compliance with international legislation and having licenses (FCA, CySEC, Financial Commission, GLEIF), independent checks have shown that the broker operates illegally.

By entrusting your capital to an unlicensed broker, you risk being deceived, as regulatory authorities cannot provide protection from such fraudsters. Client reviews confirm this.

Trading Conditions and Reviews

Although detailed contracts on the platform are unknown, it’s worth noting some facts, such as the availability of CFDs on various assets, lack of protection against negative balance, and incorrect information in the education section. Information on commissions and payout regulations is also missing.

Reviews about the company are not yet numerous, but even they identify Lerta Group as a fraudulent company.

How Do They Operate?

Lerta Group actively uses social networks and forums to attract clients. Typically, crafty scammers do not reveal all their cards and entice clients into investments. When a client starts trading, their specially tailored platform shows profitable deals, but once the client decides to withdraw funds, technical problems arise and the account remains reset.

Summary Evaluation

We believe that Lerta Group is a typical financial fraudster, concealing information and using manipulations to deceive clients. User reviews only confirm this.