LR Capital Finance Limited: customer reviews about the company in 2023
LR Capital Finance Limited: scammers or underestimated company?
Some scammers in the financial sector manage to cause significant damage in a short period of existence, and among them is LR Capital Finance Limited. Negative reviews about this intermediary accumulate so quickly that it resembles a snowball. However, despite the fact that such fraudsters continue their activities, their website has not yet been blocked by Roskomnadzor. Let’s try to figure out what this company really is and how to avoid falling into their trap.
What is known about LR Capital Finance Limited?
According to data provided by LR Capital Finance Limited, the company has over 10 years of experience in financial services. However, there is no confirmation of this claim, and doubts immediately arise about the veracity of the information provided by the creators of this company. These doubts are reinforced by the fact that reviews about lr-capital.info have appeared quite recently. Researching the domain history showed that the actual website of the brokerage organization was registered only in November 2022. Starting cooperation with a company that starts with lies is typical for fraudsters.
The lack of contact information is another evidence of fraudulent activity. Users can only contact through a feedback form, as LR Capital Finance Limited hides information about its top managers. According to reviews, users note that the company does not want to take responsibility for its actions and compensate for the damage caused.
What patterns does the company follow?
LR Capital Finance Limited presents itself as a British company with a specified legal address and registration number 64910. However, checking this data in the Companies House database yielded no results – this company was not found in the list of enterprises. Despite this, LR Capital Finance Limited exists as a legal entity, but is engaged in leasing and mortgage activities, not brokerage services. In addition, the necessary license from the British FCA is missing, which means the absence of legal protection for clients.
Fraudsters also operate in CIS countries (Russia, Kazakhstan, Belarus), taking advantage of the fact that supervisory authorities have not yet paid attention to their activities and have not included them in blacklists.
What are the trading terms?
According to reviews, LR Capital Finance Limited promises traders a wide range of trading instruments, instant notifications, analytics, and other advantages. The company guarantees a personalized approach to each trader and offers access to various assets such as currency pairs, indices, stocks, commodities, and more.
Users are not provided with the opportunity to open a demo account, so traders are forced to make a deposit immediately. The minimum deposit amount is $1,000, but according to reviews, traders often do not limit their losses to this amount. LR Capital Finance Limited does everything possible to extract as much money as possible from clients’ wallets.
The main features of the commercial offer include:
- several tariffs with a minimum entry threshold from $1,000 to $50,000,
- minimum position volume – from 0.1 lot,
- online chat for consultations,
- additional services such as SMS signals, stock market reports, direct phone line, and VIP manager services.
According to reviews, the company acts in the interests of its own enrichment. Topping up the account is easy, but withdrawing money can become a real problem. Scammers will find a reason to refuse or simply stop responding to requests.
Reviews about LR Capital Finance Limited
LR Capital Finance Limited, despite its recent appearance, has already earned a bad reputation among users. Reviews mention problems with order execution, deposit loss, financial manipulations, and unjustified refusal to withdraw money.
If you have experience working with LR Capital Finance Limited, please share your reviews under this professional review to help others avoid mistakes.
How is the fraud system organized in LR Capital Finance Limited?
Representatives of LR Capital Finance Limited understand that they will not be able to keep a client on their platform for long. Even beginners quickly realize they are being deceived. That is why scammers set such high entry thresholds.
After registration, the user is offered the opportunity to use the mentorship services. According to the company, this expert will help in trading. However, in reality, this is one of the members of the scam gang, who will only accelerate the looting of your account. Proving deception is almost impossible for several reasons:
- scammers remain anonymous, and their company exists only online,
- they provide recommendations, but the decision on trading must be made by the trader himself,
- the company’s internal documents exempt it from financial responsibility.
Below is a fraud scheme disclosed by one of the defrauded clients.
Conclusion
People registering on the LR Capital Finance Limited platform expect safe and comfortable trading. However, they risk falling victim to fraud and losing significant amounts. Users in such situations turn to regulators for help, hoping for protection, but find that they have become victims of anonymous scammers who cannot be stopped.