| General Information | |
|---|---|
| Broker Name: | Lcoin Market |
| Broker Type: | Forex |
| Country: | Saint Vincent and the Grenadines |
| Operating since year: | 2016 |
| Regulation: | None |
| Address: | Beachmont Business Centre, Suite 91, Kingstown, St.Vincent and the Grenadines |
| Broker status: | Unregulated |
| Customer Service | |
| Phone: | +44-20-8089-1061 |
| Email: | [email protected] |
| Languages: | English, Italian |
| Availability: | 24/5 |
| Trading | |
| Trading platforms: | MT4, Proprietary Web Trader |
| Trading platform Time zone: | - |
| Demo account: | No |
| Mobile trading: | Yes |
| Web-based trading: | Yes |
| Bonuses: | Yes |
| Other trading instruments: | Yes |
| Account | |
| Minimum deposit ($): | $200 |
| Maximal leverage: | - |
| Spread: | - |
| Scalping allowed: | No |
Broker Review: Lcoin Market
CONTENT
- GENERAL INFORMATION
- FUNDS TRADING AND SECURITY
- TRADING ACCOUNTS
- TRADING CONDITIONS
- TRADING PLATFORM
- Lcoin Market’S TRADING PRODUCTS
- CUSTOMER SERVICE
- CONCLUSION
General Information
As soon as you open up Lcoin Market’s home page, you are greeted with some questionable information. Allegedly, they’ve been around for over 25 years in total. They spent the first 22 as a hedge fund for corporate clients before evolving into a broker into 2016. That sounds great, but there are two major issues with the claims.
Firstly, there’s no proof of the 22 years anywhere, so the claim has no substance. Secondly, mentions of the broker are rare, and the first ones are from early 2020. It’s difficult to believe they’ve in the online brokerage world for four years without anybody noticing.
We investigated further and are quite sure the statements are false, and that the broker has malicious intent. We’ll present our findings further in our Lcoin Market review.
Funds Trading and Security
We already went over the false info they Lcoin Market has on its landing page. Allegedly, they’ve been a very successful company for over two and a half decades now. What puzzled us was that such a prestigious company would open up their offices in an offshore location. Furthermore, why would such a prestigious company be running without any sort of license?
The answer is quite simple; the entire “experienced company” act is entirely fake. Lcoin Market is a scam parading as a well-intentioned investing assistant group. Their lack of regulation and offshore location aren’t the only indicators to that, as it becomes even more apparent when we move onto accounts.
Trading Accounts
As you’ll see further in our LcoinMarket.com review, not being able to see info without paying is a common occurrence with the broker.
Trading Conditions
Unfortunately, we can’t tell you much about Lcoin Market’s trading conditions, because they don’t give out any meaningful information. We can’t find info about leverage or spreads anywhere, let alone investment or deposit methods. The absence of anything meaningful speaks volumes, however, as it’s a clear indication of untrustworthiness.
Trading Platform
Lcoin Market’s Trading Products
As we already warned you earlier in our Lcoin Market review, the absence of info is common on their website. That trend applies to their assets as well, since you can see what categories there are, but no specific info on the available trading products.
Customer Service
Lcoin Market at least did more than the usual scam broker in terms of organizing a support team. They have phone lines in multiple countries, and an email you can use to contact them. They are still way below actually competitive brokers, as they haven’t stated their customer service team’s work time, or organized a live chat team.
UK Phone: +44-20-8089-1061
Email: [email protected]
Conclusion
Lcoin Market’s landing page greets you with a straight-up lie, and the rest of the website lacks meaningful information. That’s not the way brokers that actually provide services work. What this broker is doing is hoping for you to invest $200 so that they can transfer that money straight to their own pockets.
Don’t buy into the Lcoin Market scam. You’re online, and there’s more quality brokers than you could ever count, so don’t settle for one trying to trick you.
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Support
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Platform
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Spread
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Trading Instrument
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Unreliable
Unreliable broker services. I can’t even depend on the services and signals and withdrawal is very slow.
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Poor trading signals
Not the worst but not a good broker. Services are fine but signals are poor.
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Not recommended
I do not recommend this broker service. I have observed while trading with them that there is a constant price increase and that withdrawal is very slow.
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Poor trading platform
I notice some glitches and technical problems on their trading platform and you know what’s worst? They do not pay attention to trading concerns such as this.
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Bad forex broker
I have used their services for just 3 months. They will lure you by showing your profits and possible income once you increase your deposit but they will never let you withdraw. And if you insist on withdrawals, the next thing you will see is losing trades, as if all here are programmed.
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Very unresponsive
I am not getting any replies to my withdrawal queries. I have been waiting for them to resolve the problem regarding my missing withdrawals. Very unresponsive.
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Worst broker
Worst services and worst withdrawal process. Do not deal with them, I am not trading with them again.
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Unpleasant customer service
Customer service is not well train on processes even behaviors. They are very unpleasant.
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Worst broker
I always get no answer from their support team. Worst broker.
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Poor broker performance
I got more losing than winning trades. Not so accurate signals and poor broker performance.
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Not advisable to trade with
It is not advisable to trade with this broker, signals are very poor and trading options are expensive.
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Customer service is not always available
Customer service isn’t always available to assist. I’ve always been having a hard time contacting them.
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Bad company
Bad company! They did not give me my money back.
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Unable to withdraw
I will not trade with this broker anymore. I was not able to withdraw anything.
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Dishonest broker
Dishonest and cheaters. They hide so many terms that only pops up when I started asking for withdrawals.
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Poor signals
Poor trading signals. Very unprofitable.
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Will not let you withdraw
They will never let you withdraw. It happens to me and to almost all traders dealing with them.
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Stay away
Stay away from thier trading schemes. Many had been a victim including me.
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Fake broker
Do not get involved with any of the offers. They are fake brokers.
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Not a legit broker
Do not trade with these people. They are not legit.
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Worst broker services
Worst broker services. Services are inefficient and people are very rude.
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Slow withdrawals
Slow withdrawals. Very annoying wait.
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Useless trading services
Useless trading services. Find a better broker and avoid this company.
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Unhappy with services
I am not happy with the services and with the profit either.
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Waste of time
I gain very minimal profit. It is just a waste of time.
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Not good
The software has so many technical issues. Not good.
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Poor trading facilities
Poor trading facilities. Not a good broker to deal with.
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Scammers
Keep yourself safe from these scammers. They will only cause you trouble.
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Stay away
Stay away from this broker service. They are not reliable brokers.
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Unreliable signals
Unreliable trading signals and services. Do not trust this broker.
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Avoid this broker
Save yourself from losses. Avoid this broker by all means.
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Rude customer service
Extremely rude customer service. Very upset with how they’ve treated me over the phone.
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Scammers
Block their calls if possible. They scam people.
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Scam
Stay away from their trading schemes. It is a scam!
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Slow withdrawals
Terrible trading services. Withdrawal is very slow.
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Unable to withdraw
Something really fishy is going on. I am unable to withdraw.
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Slow withdrawals
Very very slow withdrawals. I had so much runaround. I am not trading with them again.
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Beware
Beware of these people. They are notorious scammers.
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Scam broker
Scam broker. Do not invest money here.
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Rude customer service
Rude customer service. They are very very unprofessional.
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Unhelpful and rude
Extremely unhelpful and rude.
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Unregulated broker
This is an unregulated broker and therefore can not be trusted with your information or money.
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Bad company
It’s a very bad company. Please don’t waste your money on this scam company.
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Not a fair broker
This broker is not fair. There are so many surprising charges and policies that pops up.
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Be careful of this platforms guys
Do not even think of investing your hard earned money with CRYPONXT & CRYPTEC. They have no empathy whilst perpetuating their evil acts and they will do all in their wherewithal to milk you asking for payment after payment to process your withdrawal requests and each time you make payment they come up with another reason to ask for more payment. Timothy Miller is a fraud and a dubious soul. I have a cumulative sum of one hundred and six thousand Euro equivalent to eight million Croatian kuna lost to these dingbats. I later found out from the international recovery firm that helped repatriate my lost capital and a significant portion of my ROI(contact recoverywealthnow360 at g mail d o t c o m ) that I was only shown simulated trades. Timothy Miller played me smooth and I feel really retarded for falling prey to these dubious elements. The FBI should be on them by now as I know for a fact that they have swindled hundreds of naive victims. Your end is near. Do well and refund all the monies you stolen from people who haven’t been able to repatriate their funds from you dishonest souls. Stay circumspect and do not suffer in silence.
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Do not deal
Bad people and worst services. Do not deal with them.
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Scammers
They are fake brokers, beware with these scammers.
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Not real brokers
Do not invest your hard-earned money with this broker. They are not real brokers.
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Bad people
Stay away from this broker company, they are not good people and just go after your money.
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Gambling
Pain to see, I am simply gambling and nothing is really sure.
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Difficult withdrawal process
I get tired of the runaround on withdrawals. I have closed my trading account with them instead.
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Not good
It is a big no for this broker company. They’re not good at all.
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Took all my money
Stay away from these people, they took all my money.
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Bad broker
I was deceived by this company. I have lost all my money in an instant.
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Vince
I am in a nursing home, and all the money I saved from my pension was lost. I was saving to buy my grand-children Christmas presents. I am heartbroken.
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will they scam you?
yes!
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