LONMARKETS Trading Platform Review: High Risk (Suspected Fraud)

LONMARKETS Overview

LONMARKETS,Foreign exchange margin trading platform established on April 3, 2023, is a forex brokerage registered in Saint Lucia. The company, headquartered in Istanbul, offers financial trading services, including forex, indices, stocks, commodities, and cryptocurrencies. According to publicly available information on its official website, LONMARKETS operates under the registered entity LonMarkets LTD in Saint Lucia, with the business registration number 2023-00112. The company's registered address is The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, while its specific office location is Maslak Mahallesi, Sümer Sokak, Ayazaga Trade Center, No:3/14, Sisli, Sarıyer, Istanbul.

Domain Registration of LONMARKETS

According to information obtained from a Whois query, the broker's official website domain was registered on March 14, 2022.

Is LONMARKETS legit or a scam? Does LONMARKETS have any regulatory licenses?

The broker claims that LONMARKETS LLC is registered with and regulated by the Saint Lucia Financial Services Regulatory Authority (FSRA). However, upon verification, a search through the Saint Lucia International Business Companies and International Trust Registry (ifc) reveals an entity named LonMarkets LTD with registration number 2023-00112. Notably, there is no record of an entity named LonMarkets LTD regulated by the Saint Lucia Financial Services Regulatory Authority (FSRA), indicating that the broker has not obtained authorization and supervision from the FSRA.

Employees of LONMARKETS

Traderknows was unable to find any information about the company's team members on public networks.

Trading Software Provided by LONMARKETS

LONMARKETS provides users with the MT5 trading software on its official website. This software is available for download on Windows, Google Play, mobile devices, and web browsers.

Online Reputation and Client Complaints:

LonMarkets is an offshore brokerage firm that lacks the security safeguards of any regulatory authority. Additionally, they do not provide margin or segregated accounts, exposing investors' funds to potential risks. Typically, they attract traders by offering bonuses and imposing high trading volume requirements, only to later refuse user withdrawals using various excuses.

Trading Products Provided by LONMARKETS

LONMARKETS offers a variety of financial asset trading services for investors, including over 80 forex currency pairs, indices, commodities, stocks, and mainstream blockchain transactions, with no commission fees for blockchain trading. LONMARKETS provides users with a demo account and five distinct types of real trading accounts, namely Raw, Standard, Fixed, Vip, and Crypto. All these accounts support a maximum trading leverage of up to 1:1000.

Contact Information

Investors can contact LONMARKETS through two primary methods, such as telephone and email.

Website Traffic of LONMARKETS

The LONMARKETS website exhibits relatively low traffic, with less than 5000 visits, exclusively from desktop devices. The absence of mobile access data suggests that the site has not captured the mobile user demographic. A 100% loyalty rate indicates that all visitors may be first-time users, with no repeat visits. This situation suggests a potential challenge for the website in terms of user retention.

Conclusion

LONMARKETS is a forex broker that operates without any oversight from financial regulatory authorities. The broker has not disclosed crucial information regarding user fund security and corporate personnel. Currently, LONMARKETS is flagged as "Suspected Fraud" on Traderknows.
We would like to caution you that LONMARKETS is an extremely high-risk forex broker. It is advised to stay away from this platform to prevent potential personal financial losses.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

Very good!（966）