Lex Financial: Reviews from Investors. To invest or not to invest?
Lex Financial: honest reviews from real investors
Lex Financial believes that the time of financial crisis is an excellent moment to start investing. The project team claims to study profitable sectors and is ready to help everyone increase their capital. Various reviews about this company can be found on the Internet. Before investing, it is worth carefully studying the terms of cooperation and checking the legality of the investment firm’s activities.
What is lex-financial.ru?
The website lex-financial.ru does not look like a portal of a serious company. Modest design and insufficient information suggest that this might be a one-day hype project. Nevertheless, the Lex Financial team is oriented towards beginners who may be interested in mentions of 194,000 open accounts and investments of over $65.3 million. Domain history analysis revealed that the platform was launched only on July 18, 2022. Apparently, the statistics are fake.
The leaders of the investment platform are not specified; they preferred to remain in the shadows. There are no documents on the site regulating the relationship between depositors and the administration. Only a standard FAQ section is available.
The company provides an office address in London, as well as a contact phone number and email. Real client reviews of this project often mention problems with support. Upon verification, it was found that the provided phone number and email are fake.
Legal aspects
Lex Financial claims to operate within the law. The website even has a company registration certificate. Verification of the authenticity of this document showed that the company’s data was entered into the register on June 28, 2022.
However, having a registration certificate does not guarantee the presence of a license to conduct activities. Lex Financial does not have such a license. Moreover, the British regulator FCA has warned of the dangers of dealing with this organization, as its activities do not have official approval and are suspected of fraud.
The Central Bank of Russia has also included the company Lex Financial in the list of unscrupulous entities. Reviews from deceived investors indicate that many of them have faced difficulties due to this decision.
Commercial offer
The Lex Financial website states that depositors can track the growth of their profits online. This is achieved through a profitability calculator available on the platform. The company claims that the minimum deposit amount is only $1. The main characteristics of the commercial offer include:
- minimum deposit – $1, the interest rate depends on the deposit amount,
- investment term – 100 days,
- earnings are credited every second,
- no fees for deposit/withdrawal (Bitcoin, Ethereum, Litecoin, and other cryptocurrencies are supported),
- no possibility of early withdrawal of the deposit,
- profitability – from 5 to 10% daily.
According to reviews, many clients joined the platform through referral codes. Lex Financial actively promotes its offer through an affiliate program. The referral program operates on five levels (6-3-1.5-1-0.5%). Participation does not require making a deposit.
What do reviews highlight?
Reviews with supporting documents about payouts can be found online. However, the amounts in them are small. Moreover, referral codes are often mentioned in the reviews, indicating that these comments are just advertising for a scam project aimed at attracting new clients.
Nevertheless, the truth comes out. Real users often complain in reviews about being deceived by the financial pyramid Lex Financial. Many investors have lost large sums of money.
How does fraud occur in Lex Financial?
Lex Financial is a typical financial pyramid that attracts newcomers through referrers. Naive investors, seeing high profitability exceeding interest rates on bank deposits and no minimum deposit requirements, invest funds. Scammers use psychological tricks to deceive the client for a large sum. Initially, they may pay a small profit. In any case, it should be remembered that the project is not trustworthy – it is just a trap. Reviews from real depositors confirm this.
Results of an independent review
We do not recommend trusting your funds to the company Lex Financial. The lack of regulation, fake statistics, short operating period, and unrealistic rates indicate that this is a fraudulent project. Scammers aggressively advertise their platform, aiming to attract as many people as possible into a financial trap. Reviews from real clients confirm that those who invested in the project regretted it. The best decision would be to stay away from this company.
My experience with Lex Financial was quite disappointing and frustrating. Firstly, their customer service was sub-par, showing little concern for tackling my queries and issues. The broker was often unresponsive and the advice provided was uninspiring and felt unprofessional. I found multiple hidden fees that weren’t clearly mentioned in the beginning. Furthermore, their trading platform seems outdated and not user-friendly at all. It has a steep learning curve for beginners and doesn’t offer the seamless experience promised. My investment portfolio did not fetch the returns I was assured of and there seems to be no accountability from the broker’s side for the lackluster performance. Personally, I would not recommend Lex Financial to any serious investor.